RESOLUTION NO. ________
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PACIFICA ADOPTING THE FISCAL YEAR 2023-24 ANNUAL OPERATING AND CAPITAL BUDGET WHEREAS, the City Council of the City of Pacifica has held public budget study sessions on April 10, 2023, May 8 2023, and June 12, 2023, and a public hearing on June 26, 2023, for consideration of adoption of the Recommended FY 2023-24 Operating and Capital Budget; and
WHEREAS, the recommended budget was prepared in accordance with governmental accounting standards and the financial policies of the City; and WHEREAS, the recommended budget is a balanced expenditure plan that ensures the maintenance of adequate reserves during FY 2023-24; and WHEREAS, the City of Pacifica now desires to adopt the 2023-24 Fiscal Year Appropriations Limit and Operating and Capital Improvement Program Budget for FY 2023-24;
WHEREAS, Sections 65400, 654001, and 65403 of the State Planning and Zoning Code require the Planning Commission to review Public Works capital projects for the next fiscal year to determine conformity with the adopted General Plan. The Planning Commission reviewed and approved the Capital Improvement Project Budget on June 5, 2023;
WHEREAS, expenditures from the Roy Davies Trust Fund are required to be approved by a 4/5 vote of the City Council, and the 2023-24 Roy Davies Trust Fund expenditures are part of the 2023-24 Capital Budget, and NOW, THEREFORE, THE CITY COUNCIL HEREBY RESOLVES:
The City Council of the City of Pacifica hereby approves the FY 2023-24 budget with the citywide revenues and expenditures as follows:
City of Pacifica
FY 2023-24 Adpoted Budget
Fund Balances Summary
GENERAL FUND $ 48,941,100 $ 48,607,256 $ 333,844
ENTERPRISE FUNDS
18 Sewer Charge Fund 19,071,000 17,116,167 1,954,833
34 Sewer Facility Construction Fund 3,000 10,488,000 (10,485,000) 35 Beach Parking Fund 665,000 462,064 202,936
Total Enterprise Funds 19,739,000 28,066,231 (8,327,231)
SPECIAL REVENUE AND CAPITAL FUNDS
07 SLES Fund 130,000 128,300 1,700
09 Measure A Fund 1,463,000 2,626,900 (1,163,900)
10 Gas Tax Maintenance Fund* 2,245,900 1,763,100 482,800 11 Measure W Fund 560,000 550,000 10,000
12 Highway 1 Improvement Fund 29,500 59,796 (30,296)
13 Street Improvement Fund 1,821,000 1,610,000 211,000
14 Manor Drive Improvement Fund 2,700,000 3,060,000 (360,000) 16 NPDES Stormwater Fund 203,000 334,600 (131,600)
19 Planned Local Drainage Fund 477,000 2,100 474,900
22 General Capital Improvement Fund 4,391,000 4,612,000 (221,000) 23 Frontierland Remediation 75,000 280,000 (205,000)
24 Housing In-Lieu Fund 1,665,250 - 1,665,250
26 Park In-Lieu Capital Improvement 120,000 - 120,000
27 PB&R Roy Davies Trust - 135,400 (135,400)
28 PB&R Special Revenue Fund - 200,583 (200,583)
31 Pacifica Library Fund 34,000 34,700 (700)
38 Disaster Accounting Fund 1,665,250 1,455,000 210,250 Total Special Revenue and Capital Funds 17,579,900 16,852,479 727,421
INTERNAL SERVICE FUNDS
65 Self Funded Dental Plan 248,500 181,100 67,400
66 Self-Insurance Fund W/C 1,100,000 1,100,000 -
67 Self-Insurance Fund Liability 2,030,300 2,380,300 (350,000) 71 Motor Pool Operations Fund 1,200,000 1,190,712 9,288 72 Motor Pool Replacement Fund 125,000 570,000 (445,000) 74 Fire Equipment Fund 282,300 399,378 (117,078)
Total Internal Service Funds 4,986,100 5,821,490 (835,390)
DEBT SERVICE FUNDS
40 Debt Service Fund 2,499,800 2,499,800 -
Total Debt Service Funds 2,499,800 2,499,800 -
Total Other Funds 44,804,800 53,240,001 (8,435,201)
Total All Funds $ 93,745,900 $ 101,847,257 $ (8,101,357) Revenues &
Transfers In
Adopted
Budget
Expenditures
& Transfers
Out Adopted
Budget
Revenue Over
(Under)
Expenditures
Fund Name
Section 1. The All Funds Budget Summary, included in the City’s Operating Budget for Fiscal Year 2023-24, contains the expenditures (including transfers) to be appropriated in the sum of $101,847,257. The citywide revenues (including transfers) are budgeted at $93,745,900.
Section 2. The CIP allocation of $17.5 million, including the Capital Budget expenditures The additional allocation for the Civic Center Facilities Rehabilitation Project included in the CIP budget also increase the construction contingency for the Project by an additional $500,000 or
5.3% of the construction budget to the total contingency of $1,237,838 (13.1%), increasing the total project construction budget authority to $10,651,966. The CIP Budget also includes expenditures from the Roy Davies Trust Fund of $135,400.
A copy of the Operating and Capital budgets are on file with the City Clerk and are hereby adopted. The funds appropriated by this resolution are authorized to be expended as necessary and proper for municipal purposes.
Section 3. The City Manager shall be authorized to redistribute budgeted appropriations from one department to another or one capital project to another within the same fund. However any transfers between the funds shall be approved by the City Council.
PASSED AND ADOPTED at a regular meeting of the City Council of the City of Pacifica, California, held on the 26
th day of June 2023.
AYES, Councilmembers:
NOES, Councilmembers:
ABSENT, Councilmembers:
ABSTAIN, Councilmembers:
Tygarjas Bigstyck, Mayor
APPROVED AS TO FORM: ATTEST
Michelle Marchetta Kenyon Sarah Coffey
City Attorney City Clerk