SEW PpRr
CITY OF
z NEWPORT BEACH
City Council Staff Report
November 15, 2022
Agenda Item No. 19
TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: Michael Gomez, Acting Finance Director/Treasurer — 949-644-3124, [email protected]
PREPARED BY: Shelby Burguan, Budget Manager, [email protected] PHONE: 949-644-3085
TITLE: Fiscal Year 2022-23 First Quarter Financial Report ABSTRACT:
The Finance Department prepares quarterly financial reports to review, in detail, the status of revenues and expenditures for the City of Newport Beach (City) General Fund and to identify any concerning budgetary trends in other City funds. This report contains information on revenues, expenditures and estimated fund balance for the first quarter of Fiscal Year 2022-23.
The first financial report of FY 2022-23 provides an analysis of the financial activity of the City from the months of July through September 2022. Based on information available at the end of the first quarter, positive revenue adjustments are expected and will be reflected in the proposed first quarter budget amendment. Several expenditure budget adjustments are also recommended, all of which are fully offset by the additional revenues.
RECOMMENDATION:
a) Determine this action is exempt from the California Environmental Quality Act (CEQA) pursuant to Sections 15060(c)(2) and 15060(c)(3) of the CEQA Guidelines because this action will not result in a physical change to the environment, directly or indirectly; b) Approve Budget Amendment No. 23-027, adjusting revenue estimates and expenditure appropriations for the Fiscal Year 2022-23 budget as further outlined in this report; and
c) Receive and file the report of budget amendments for the first quarter. 19-1
Fiscal Year 2022-23 First Quarter Financial Report
November 15, 2022
DISCUSSION:
Economic Overview
Key economic indicators such as unemployment, taxable sales, and assessed property values continue to improve. While recent trends in inflation have caused concern in the broader economy and financial markets, the City is well -positioned to weather any short- term increase in inflation thanks to recent increases in many of the City's revenues, such as sales tax and transient occupancy tax, as prices increase. Additionally, long-term labor contracts with the City's employee associations have been negotiated and provide reasonable compensation increases that can be accommodated within projected revenue growth.
General Fund Revenues
Most revenue categories performed at or higher than their budgeted levels last year due to more favorable economic conditions than anticipated when the budget was adopted.
Overall General Fund revenue growth has outpaced the projections generated by the City's consultants and staff that were incorporated into the adopted Fiscal Year 2022-23 budget. Growth in transient occupancy tax has been the most pronounced, but growth in many other areas has contributed to a significant projected increase in General Fund revenues of $3.2 million versus the adopted budget. Of note, sales tax in the categories hardest hit by the pandemic (brick -and -mortar businesses and restaurants & hotels) has now surpassed the record -high levels seen just prior to the pandemic's onset, and transient occupancy tax has now exceeded the pre -pandemic high.
The following table summarizes the changes to projected General Fund revenues versus the adopted budget for FY 2022-23. Details follow highlighting the reasons for the material variances.
Fiscal Year 2022-23 P
d General Fund Revenues*
Property Taxes
124,335,985
131,403,081
132,290,053
886,972
1%
Sales Tax
46,164,860
46,526,493
46,526,493
-
0%
Transient Occupancy Tax
26,677,331
27,788,728
28,908,841
1,120,113
4%
Other Taxes
13,263,112
12,174,567
12,174,567
-
0%
Service Fees & Charges
22,870,701
22,005,339
22,654,447
649,108
3%
Parking Revenue
7,213,646
5,681,942
5,681,942
-
0%
Licenses and Permits
6,067,908
5,870,375
5,870,375
-
0%
Property Income
6,818,121
6,416,226
6,416,226
-
0%
Fines & Penalties
4,157,305
3,870,567
3,870,567
-
0%
Intergovernmental
4,578,283
1,823,903
2,372,999
549,096
30%
Investment Earnings
(2,615,502)
1,300,000
1,300,000
-
0%
Misc Revenues
2,027,802
169,280
169,280
-
0%
Total Revenues
261,559,550
265,030,502
268,235,791
3,205,289
1%
* Based on preliminary year-end close data available as of September 30, 2022 19-2
Fiscal Year 2022-23 First Quarter Financial Report
November 15, 2022
Property Tax - Property taxes are the City's single largest General Fund revenue and represent approximately 50% of all General Fund revenues. As these revenues are primarily dependent on the assessed valuation established in January 2022, there is typically very little variance seen from the original budget as the year progresses.
Projections for FY 2022-23 property tax revenues from the City's property tax consultant reflect a 7.6% increase in assessed values in the year ahead. This strong growth is a result of the Consumer Price Index (CPI) factor returning to the maximum 2% allowed and adding $1.2 billion to the assessed valuation, as well as continued strong property sales activity and price appreciation adding $5 billion to the assessed valuation. The City's total assessed valuation for FY 2022-23 is now projected to grow from $66.2 billion to $71.2 billion.
Sales Tax - The second largest funding source for the General Fund is sales tax revenue, making up more than 15% of General Fund revenues. The City's sales tax base is largely generated from three industry categories - autos and transportation, general consumer goods, and restaurants/hotels. Most of these industries are heavily impacted by tourism and were impacted by the effects of the COVID-19 pandemic. The adopted budget for this revenue source was developed in conjunction with the City's sales tax consultant and remains the current projection at this time.
Transient Occupancy Tax (TOT) - The City has seen a steady rebound and comeback for TOT revenues as the effects of the pandemic receded. The TOT budget for the current fiscal year was developed in anticipation of full recovery of TOT revenues. Revenue from short-term lodging businesses, which grew throughout the pandemic, is at a record -high level. Additionally, many hotel properties are reporting record -high TOT receipts and have been doing so for multiple consecutive months. While occupancy levels have not returned to pre -pandemic levels, they are slowly increasing. This lag in occupancy levels has been largely offset by higher room rates as shown in the following chart, provided by Visit Newport Beach.
$444.09
407.58
$379.47 $369.90
$320.66 $323,93 $330,92 $341.95 �$397.40 $403.73� $338.97 $306.70 $296.71 $318 50 303.37 $311.15
$278.18 $287.16 $321.26 $338.41
$243.75 $255.16 307.53 $305.79 $297.41 $296.56 $298.99 $291 72 $266.20 $262.82 $274.49
$243.41 $240.86
JAN FEB MAR APR MAY JUN JUL AUG SEP
-2020 -2021 -2022
OCT NOV DEC
19-3
Fiscal Year 2022-23 First Quarter Financial Report
November 15, 2022
VEA Newport Beach is now operational, with expanded meeting space, higher room rates, and a full complement of rooms available that had not been usable during the renovation process this past year. Staff has conservatively not included an impact in the TOT revenue projection from the changes to the hotel, which should result in a positive variance beyond the FY 2022-23 projection. The Fashion Island Hotel remains closed, but is expected to reopen in Summer 2023 following a sale and renovation as the Pendry Newport Beach. Similarly, because the timing of the Pendry's opening is uncertain, staff has not included any revenue from the hotel in the projection for this fiscal year. These reopening's, combined with the expected return of more business travelers, are anticipated to have additional positive impact on the City's TOT revenues in the years ahead.
An updated analysis of the City's TOT revenues shows an expected increase of $1.1 million, due largely to strong short term lodging business, which increases the current year projection to $28.9 million. Staff will continue to monitor TOT trends and will provide additional updates to the projections as necessary in future quarterly financial reports.
All Other Revenue — This category includes all other revenue sources other than the top three (property tax, sales tax, and TOT). All Other Revenue is made up of the following:
• Other Taxes — real property transfer taxes, business license taxes, marine charter taxes, and franchise fees.
• Service Fees and Charges — plan check fees, recreation classes, emergency medical services fees, and numerous other cost -of -service fees. • Parking Revenue — all General Fund related metered parking fees that are assessed throughout the various parking zones of the city. • Licenses and Permits — fees charged to process building -related permits, street closure permits, dog licenses, and police tow franchise fees. • Property Income — City owned and managed income producing properties, long- term ground leases to concessions, restaurants, hotels and other businesses and organizations, and rental of City facilities to the public. • Fines and Penalties — parking citation fines collected by the City, administrative citation fines, fines remitted to the City from the County of Orange (County) for vehicle code violations, and false alarm penalties.
• Intergovernmental Revenues — federal, state, and local grant revenues, which includes, but is not limited to, the City's portion of the '/2 cent sales tax revenue paid to the County for public safety, state mandate reimbursements, reimbursement for strike teams sent to assist with fires, and revenue sharing with the County under the Waste Disposal Agreement.
• Investment Earnings — revenue generated from the investment of City funds. • Miscellaneous Revenues — restricted revenue, damage to City property, bad debt, donations and contributions, non -operating revenues such as proceeds from the sale of materials and equipment, and other miscellaneous revenues. 19-4
Fiscal Year 2022-23 First Quarter Financial Report
November 15, 2022
Service fees and charges revenues are projected to exceed the adopted budget by $600,000. This is primarily due to increased revenue received from recreation fee -based classes. An amendment is proposed to increase both revenues and expenditures associated with fee -based classes.
Intergovernmental revenues are projected to exceed the adopted budget by $550,000, primarily due to adjustments related to Fire Department mutual aid reimbursements and SB-2 Permanent Local Housing Allocation grant funds.
General Fund Expenditures
The FY 2022-23 General Fund revised expenditure budget totals $255.7 million.
Spending trends in FY 2022-23 are generally consistent with prior years and do not indicate any cause for concern. Total expenditure savings of $330,000 are projected at this time due to year-to-date savings from vacancies, offset by expense overages that are addressed in Budget Amendment No. 23-027 (Attachment A), and are explained in detail below.
The table below summarizes the changes to the adopted expenditure budget for FY 2022-23, as well as expenditure savings by budget category. Details follow highlighting the reasons for the material variances.
Salary & Benefits $ 163,463,320 $169,670,545 $ 168,664,236 $ 1,006,308 0.6% Contract Services 26,873,734 29,498,100 30,092,600 (594,500) -2.0% Grant Operating
548,485
552,485
552,485
0.0%
Utilities
3,837,745
3,837,745
3,837,745
0.0%
Supplies & Materials
3,902,350
4,676,788
4,676,788
0.0%
Maintenance & Repair
13,282,330
14,445,304
14,445,304
0.0%
Travel &Training
833,758
843,049
843,049
0.0%
General Expenses
2,178,896
2,279,465
2,279,465
0.0%
Internal Svc Charge
28,190,206
28,190,206
28,190,206
0.0%
Risk Management
255,915
255,915
255,915
0.0%
Capital Expenditures
1,153,666
1,409,470
1,491,970 (82,500)
-5.9%
Total Expenditures
$ 244,520,405
$ 255,659,072
$ 255,329,763 $ 329,308
0.1%
" Based on preliminary year-end close data available as of September 30, 2022 Significant expenditure budget variances are as follows:
• The revised salary and benefits budget totals $169.7 million, an increase of $6.2 million over the adopted budget. The increase is primarily due to the appropriation of $5 million from the FY 2022-23 structural budget surplus as an additional discretionary payment to CalPERS to further reduce the City's unfunded pension liability. The remaining $1.2 million relates to recently approved contracts with the majority of the City's employee associations. The City does not budget for unknown labor costs, which requires mid -year appropriations for negotiated salary and benefit increases in the year in which new labor contracts are negotiated. The current year to date projected savings of $1.0 million is from staff vacancies. 19-5
Fiscal Year 2022-23 First Quarter Financial Report
November 15, 2022
• The revised contract services budget totals $129.5 million, an increase of $2.6 million over the adopted budget. This increase is primarily due to contract carryovers from the prior fiscal year, that pull from prior year reserved fund balances and not current year revenues. During Fiscal Year 2020-21, the Recreation and Senior Services Department reduced its operational revenues and expenditure budgets in response to cancelled classes relating to the COVID-19 shutdowns. At the end of quarter one in FY 2021-22, staff increased expenditure appropriations due to the reinstatement of cancelled classes; however, these increases were still below the pre -pandemic budget levels. Staff is seeking an amendment of $594,000 to fully restore contract instructor budgets. As noted in the General Fund Revenues section, this amount is fully offset by additional class fee revenue.
• Two new vehicle purchases that were approved as program enhancements were erroneously not included in the adopted budget. Staff seeks a budget amendment to fund the purchases of these vehicles for the Fire and Utilities Departments.
General Fund Sources, Uses, and Projected Surplus
The City continues to be in excellent financial health. Conservative budgeting and sound financial policies have resulted in a trend of General Fund operating surpluses and strong reserve levels for several years. The City is well positioned to continue delivering a high level of service to the community while targeting surplus resources to key priorities each year. Staff currently projects that unrestricted General Fund resources will total $1.8 million at the end of FY 2022-23. As is the case each year, staff anticipates that additional budget savings will be realized, and the final year-end budget surplus will exceed this amount.
The table below illustrates the prior year sources and uses of funds as compared to the adopted budget, the revised budget, and the projected year-end results.
Fiscal Year 2022-23 P
lus
BEGINNING UNRESTRICTED FUND BALANCE $ 31,178,957 $ 24,093,441 $ 24,093,441 $ 0.0% SOURCES:
Operating Revenues
261,557,218
265,030,502
268,235,791
3,205,289
1.2%
Less: Restricted Revenues
(746,728)
-
-
-
0.0%
Prior Year Resources Carried Forward
3,072,666
4,429,573
4,429,573
---
Release of Restricted Funds
6,476,034
-
-
-
0.0%
Transfers In from Other Funds
11,356,595
18,550,724
18,550,724
-
0.0%
TOTAL SOURCES
281,715,785
283,581,226
291,216,088
7,634,862
2.7%
USES:
Operating Expenditures
228,023,008
244,520,405
255,329,763
10,809,359
4.4%
Transfers Out
52,813,549
31,597,269
58,140,710
26,543,441
84.0%
Resources Carried Forward to Next Fiscal Year
4,429,573
-
-
-
---
Addition to 25% Contingency Reserve
3,535,171
-
-
-
---
TOTAL USES
288,801,301
276,117,674
313,470,474
37,352,800
13.5%
ENDING UNRESTRICTED FUND BALANCE
$ 24,093,441 $
31,556,994
$ 1,839,055
$ (29,717,938)
-94.2%
19-6
Fiscal Year 2022-23 First Quarter Financial Report
November 15, 2022
As can be seen in the table above, even with the appropriation of last year's budget surplus of $24.1 million for the purchase of the Dove Street property, current projections reflect a $1.8 million budget surplus for this fiscal year.
Other Funds
Staff has evaluated the fiscal condition of the City's other major operating funds (Tidelands, Water, and Wastewater). An analysis of the budget performance for these funds indicates that no budget adjustments are necessary and variances between budgeted and actual amounts are within reason.
Contributions Fund
Several Capital Improvement Plan (CIP) projects in the contributions fund have received additional revenues for portions of existing projects. These revenues fully offset additional expenses but require budget amendments that are included in BA 23-027. • Peninsula Encroachment Removal Project (22M14) — property owners were notified they could either pay the City $7,500 for the removal of their hardscape encroachments or remove the encroachments themselves. Three property owners entered into agreements for the City to remove their encroachments. • East Coast Highway Pavement Rehabilitation (21 R12) — Laguna Beach Water District and Orange County Sanitation District are contributing to the project for work the City did as part of the construction contract that would have been the responsibility of those agencies.
• Additional unforeseen work was required on the Jamboree Road Pavement Rehabilitation project (21 R15) that is the responsibility of Orange County Water District (OCWD). The City will bill OCWD for the cost of the additional work. • Von Karman Avenue Pavement Rehabilitation (23R15) — The Coronavirus Response and Relief Supplement Appropriations Act of 2021 provided funding through the Department of Transportation with Orange County Transportation Authority distributing the funds. The expenditure is budgeted through the Capital Improvement Program budget. The budget amendment will add the anticipated revenue into the budget, so the contributions fund is balanced.
American Rescue Plan Act Fund
The City received funding from the American Rescue Plan Act (ARPA), through the California State Water Resources Control Board to reimburse the City for delinquent sewer bills that were unpaid during the COVID-19 pandemic bill relief period. The City received approximately $50,000 for this wastewater arrearage program, and a budget amendment is needed to appropriate the revenues and expenses within the ARPA fund.
Quarterly Report of Budget Amendments
Attached to this report as Attachment B is the quarterly listing of Budget Amendments that was previously provided to the Finance Committee. This listing is also provided to the City Council as part of each quarterly budget update to enhance transparency. 19-7
Fiscal Year 2022-23 First Quarter Financial Report
November 15, 2022
FISCAL IMPACT:
As a result of approval of the Budget Amendment (Attachment A) included with this report, revenue estimates will be adjusted upward by $1,082,077 and $857,882 will be appropriated to the expenditure accounts listed in the Budget Amendment. Approval of these budget amendments is included in the projected FY 2022-23 column of the General Fund Sources & Uses table (shown on page 6 of this report).
ENVIRONMENTAL REVIEW:
Staff recommends the City Council find this action is not subject to the California Environmental Quality Act (CEQA) pursuant to Sections 15060(c)(2) (the activity will not result in a direct or reasonably foreseeable indirect physical change in the environment) and 15060(c)(3) (the activity is not a project as defined in Section 15378) of the CEQA Guidelines, California Code of Regulations, Title 14, Chapter 3, because it has no potential for resulting in physical change to the environment, directly or indirectly.
NOTICING:
The agenda item has been noticed according to the Brown Act (72 hours in advance of the meeting at which the City Council considers the item).
ATTACHMENTS:
Attachment A — Budget Amendment No. 23-027
Attachment B — Budget Amendments for the First Quarter
19-8
Attachment A
Budget Amendment No. 23-027
19-9
SEW PART
o @� City of Newport Beach
i3 BUDGET AMENDMENT
'Fors'" 2022-23 BA#: 23-027
Department: Finance
ONETIME: Q Yes ❑ No
Requestor: Michael Gomez
Approvals
❑ CITY MANAGER'S APPROVAL ONLY
Finance Director: - Date
F] COUNCIL APPROVAL REQUIRED City Clerk: Date
EXPLANATION FOR REQUEST:
To appropriate revenues and expenses related to the Recreation department's fee based classes, to appropriate revenues ❑ from existing budget appropriations and expenses in the Contributions Fund for CIP Projects, and to appropriate revenues and expenses for the ARPA ❑� from additional estimated revenues Wastewater arrearage program. ❑ from unappropriated fund balance
REVENUES
Fund #
Org
Object
Project
Description
Increase or (Decrease) $
010
0107011
521425
FEE BASED CLASSES - FEE BASED CLASSES
150,000.00
010
0107012
521435
ADULT SPORTS - RACKET SPORTS
41,700.00
010
0107013
521485
YOUTH SPORTS - YOUTH SPORTS
15,000.00
010
0107014
521410
YOUTH PROGRAMS -YOUTH DAY CAMPS
27,500.00
010
0107019
521405
AQUATICS - AQUATICS PROGRAMS
29,000.00
010
0107022
551215
CIVIC CENTER RENTALS - CIVIC CNTR COMM ROOM FEES
31,300.00
010
0107023
521455
MARINA PARK - SURFING CLASSES
247,600.00
010
0107023
551165
MARINA PARK - FACILITY RENTAL FEES
30,300.00
010
0107024
551170
FACILITY MAINT & OPERATIONS - YSC FIELD FEES
47,800.00
010
0107033
431145
OASIS TRANSPORTATION - MEASURE M2 FAIR SHARE
28,900.00
135
13501
561005
22M14
CONTRIBUTIONS FUND CIP - PRVT DONATION/CONTRIBUTNS
22,500.00
135
13501
431505
21R12
CONTRIBUTIONS FUND CIP - LBCWD REIMBURSEMENT
10,980.00
135
13501
431075
21R12
CONTRIBUTIONS FUND CIP - OC SANITATION DST CONTRIB
14,700.00
135
13501
431222
211115
CONTRIBUTIONS FUND CIP - OC WATER DISTRICT CONTRIB
82,693.31
135
13501
431550
23R15
CONTRIBUTIONS FUND CIP - CRRSAA
252,095.00
166
16620
431542
G2260
ARPA - AMERICAN RESCUE PLAN ACT SEWER
50,008.59
Subtota l[L_ 1,082,076.90
EXPENDITURES
Fund #
Org
Object
Project
Description
Increase or (Decrease) $
010
0107011
811036
FEE BASED CLASSES - CONTRACT RSS INSTRUCTORS
93,500.00
010
0107012
811050
ADULT SPORTS- TENNIS CONTRACT INSTRUCTORS
38,000.00
010
0107021
811036
COMMUNITY YOUTH CENTER - CONTRACT RSS INSTRUCTORS
12,000.00
010
0107023
811036
MARINA PARK - CONTRACT RSS INSTRUCTORS
5,500.00
010
0107023
811046
MARINA PARK - TIDELANDS INSTRUCT PYMTS
155,000.00
010
0107023
811051
MARINA PARK - SURF CONTRACT INSTRUCTORS
265,000.00
010
0107031
811036
OASIS - CONTRACT RSS INSTRUCTORS
25,500.00
010
0109062
911016
STORM DRAINS/STREET SWEEPING - ROLLING EQUIPMENT
32,500.00
010
01040401
911016
FIRE OPERATIONS - ROLLING EQUIPMENT
50,000.00
135
13501
980000
22M14
CONTRIBUTIONS FUND CIP - CIP EXPENDITURES FOR GL
22,500.00
135
13501
980000
21R12
CONTRIBUTIONS FUND CIP - CIP EXPENDITURES FOR GL
10,980.00
135
13501
980000
211312
CONTRIBUTIONS FUND CIP - CIP EXPENDITURES FOR GL
14,700.00
135
13501
980000
21R15
CONTRIBUTIONS FUND CIP - CIP EXPENDITURES FOR GL
82,693.31
166
16620
821004
G2260
ARPA - GRANT EXPENSES
50,008.59
Subtotal
$ 857,881.90
FUND BALANCE
Fund #
Object
Description
Increase or (Decrease) $
010
300000
GENERAL FUND
- FUND BALANCE CONTROL
(27,900.00)
135
300000
CONTRIBUTIONS FUND -
FUND BALANCE CONTROL
252,095.00
166
300000
AMERICAN RESCUE PLAN
ACT - FUND BALANCE CONTROL
-
SubtotalL$
224,195.00
Fund Balance Change Require;
19-10
Attachment B
Budget Amendments for First Quarter
19-11
City of Newport Beach
Fiscal Year 2022.23 Budget Amendments
Quarter Ending September 30, 2022
Net Effect on Fund Balance
BA# Date Amendment Type Fund Revenues Expenditures Increase/(Decrease) Department Explanation 001 06/14/2022 City Council GENERAL FUND 7,500,000.00 7,450,000.00 Various To transfer structural surplus revenue to increase expenditure appropriations. Funds will be allocated to CalPERS UAL Additional payment for FY 22-23, Facilities Financing Plan and FY 2023-24 002 06/14/2022 City Council GENERAL FUND - 41,532.75 (41,532.75) Human Resources To increase salary & benefit appropriations to fund the new MOU with Newport Beach Fire Management Association (NBFMA).
003 06/14/2022 City Council GENERAL FUND 122,038.00 122,038.00 Public Works To increase budget appropriations to cover contractual obligations such as sewer root control services for FY 22-23
004
07/28/2022
City Council
GENERAL FUND
35,000.00
(35,000.00)
Public Works
To increase budget appropriations to cover contractual obligations such as sewer root control services for FY 22-23
005
06/28/2022
City Council
GENERAL FUND
177,877.00
(177,877.00)
Police
To increase salary and benefit appropriations to fund the new MOU with Newport Beach Police Management Association (NBPMA). 006
07/12/2022
City Council
TIDELANDS HARBOR CAP FUND
46,801.00
(46,801.00)
Public Works
To increase expenditures for project 19D03 to install tidegates at three locations around the City
007
07/26/2022
City Manager
WASTEWATER ENTERPRISE FUND
- 10,000.00
(10,000.00)
Utilities
From the Wastewater Fund unappropriated Fund Balance to increase the FY22-23 appropriation to cover contractual obligations - Sewer Manhole Lining Services (Sancon)
008
07/26/2022
City Council
WATER ENTERPRISE FUND
420,000.00 840,000.00
(420,000.00)
Public Works
To appropriate funds for the Water Transmission Main Valve Replacement (Phase 2) Project.
009 07/26/2022 City Council GENERAL FUND 467,629.56 467,629.56 CDD To increase revenue due to the City selling a small portion of City - owned property to the OC Sanitation District.
010 08/23/2022 City Council GENERAL FUND - 891,835.80 (891,835.80) Human Resources Appropriating funds to various salary and benefit accounts in order to fund an additional cost of living adjustment to labor groups' contracts. 011 08/23/2022 City Council GENERAL FUND - 61,212.00 61,212.00 Police To increase expenditure appropriations from the General Fund unappropriated fund balance for ongoing cost increases for the Crossing Guard Services Agreement and added to the PD base 012 08/23/2022 City Council CONTRIBUTIONS FUND 301,000.00 301,000.00 Public Works To increase expenditure appropriations for the Junior Lifeguards Building Project
19-12
City of Newport Beach
Fiscal Year 2022-23 Budget Amendments
Quarter Ending September 30, 2022
Net Effect on Fund Balance
BA# Date Amendment Type Fund Revenues Expenditures Increase/(Decrease) Department Explanation 013 08/23/2022 City Council GENERAL FUND 200,000.00 200,000.00 Library Accept funds from Friends of the Newport Beach Library to the Newport Beach Public Library.
014
09/27/2022
City Manager
NB ARTS FOUNDATION-
-
9,881.00
Library
2022 City Arts Comission Marina Park Concert
PROGRAMMING
015
09/27/2022
City Council
OTS GRANT FUND
350,000.00
350,000.00
Police
To increase revenue estimates and expenditure appropriations to accept the 2023 State of California, Office of Traffic Safety (OTS) Selective Traffic Enforcement Program (STEP) Grant (#PT23055) for increasing DUI Enforcement and Awareness and funding additional traffic safety enforcement, as well as DUI Sobriety Checkpoints.
Funds will be used to pay for overtime costs specifically used for this program, related costs for travel and training, and supplies. 016
09/13/2022
City Council
GENERAL FUND
80,616.78
(80,616.78) Human Resources
To increase salary & benefit appropriations to fund the new MOU with the Association of Newport Beach Ocean Lifeguards (ANBOL). 017
09/13/2022
City Council
GENERAL FUND
33,223.00
(33,223.00) Finance
To increase budget appropriations to fund the fee study and cost allocation plan services.
018
09/13/2022
City Manager
GENERAL FUND
10,000.00
(10,000.00) Fire
To carry over $10,000 of unspent FY22 Fitness Equipment budget into FY23, per Newport Beach Fire Association MOU, Section 4.1.1. 019
09/27/2022
City Manager
GENERAL FUND
5,000.00
5,000.00
Harbor
Accepting and appropriating grant monies from the State of California Department of Fish and Wildlife, Office of Spill Prevention and Response for the purchase of oil spill response equipment. 020
09/27/2022
City Manager
GENERAL FUND
5,000.00
5,000.00
Library
Literacy Services Special Deposit - Literacy Program Expenses 021
09/27/2022
City Manager
GENERAL FUND
-
-
Library
Transfer appropriation from Central Library Budget to Library Admin Budget for Librarian III for remainder of FY23 - beginning Pay Period 2307 - 20 Pay Periods.
022
09/27/2022
City Council
GENERAL FUND
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CDD
To transfer existing budget appropriations from professional services to salary and benefit accounts to fund one full time Code Enforcement Officer I for the remainder of FY23.
023
09/27/2022
City Manager
GENERAL FUND
19,281.50
19,281.50
Library
Transfer to accept check from Dorothy Arens Ressel Trust and increase expenditure in Library Account.
19-13