HomeMy WebLinkAboutFinance Committee Agenda - May 13, 2013
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CITY OF NEWPORT BEACH
FINANCE COMMITTEE AGENDA Newport Coast Conference Room, Bay 2E 100 Civic Center Drive, Newport Beach Monday, May 13, 2013 – 4:00 PM
Finance Committee Members: Staff Members:
Mike Henn, Council Member, Chair Keith Curry, Mayor
Tony Petros, Council Member
Dave Kiff, City Manager Dan Matusiewicz, Finance Director
Steve Montano, Deputy Finance Director
____________________________________________________ 1) CALL MEETING TO ORDER 2) ROLL CALL 3) PUBLIC COMMENTS
Public comments are invited on agenda and non-agenda items generally considered to be
within the subject matter jurisdiction of the Finance Committee. Speakers must limit comments
to 3 minutes. Before speaking, we invite, but do not require, you to state your name for the
record. The Finance Committee has the discretion to extend or shorten the speakers’ time limit on agenda or non-agenda items, provided the time limit adjustment is applied equally to all
speakers. As a courtesy, please turn cell phones off or set them in the silent mode.
4) APPROVAL OF MINUTES
Approval of minutes of the Finance Committee meeting of April 22, 2013. 5) CURRENT BUSINESS
A. Budget Review: The Finance Director will provide an overview of the FY 2013-14 Proposed
Budget. This will be a preview to the study session presentation scheduled for the Council
Meeting on Tuesday, May 14, 2013.
6) FINANCE COMMITTEE ANNOUNCEMENTS OR MATTERS WHICH MEMBERS WOULD LIKE PLACED ON A FUTURE AGENDA FOR DISCUSSION, ACTION OR REPORT (NON-DISCUSSION ITEM) 7) ADJOURNMENT
All documents distributed for this meeting are available in the
administration office of the Finance Department
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CITY OF NEWPORT BEACH CITY COUNCIL FINANCE COMMITTEE
APRIL 22, 2013 MEETING MINUTES 1. CALL TO ORDER
The meeting was called to order at 4:05 p.m. in the Council Conference Room,
3300 Newport Blvd., Newport Beach, California 92663.
2. ROLL CALL
Present: Council Member Mike Henn (Chair), Mayor Pro Tem Keith Curry and
Council Member Tony Petros
Staff present: City Manager Dave Kiff, Finance Director Dan Matusiewicz,
Deputy Finance Director Steve Montano, Accounting Manager Rukshana Virany
and Administrative Coordinator Tammie Frederickson
Members of the public: Jim Mosher
3. PUBLIC COMMENTS
Council Member Henn noted that written comments received from Mr. Mosher
prior to the meeting contained a lot of informational questions and he directed staff to provide answers to Mr. Mosher in a satisfactory way. Mr. Mosher
expressed his hope that his written comments will be archived with the minutes and Finance Director Matusiewicz confirmed that the same method used by the
City Clerk of adding written comments will be followed.
4. APPROVAL OF MINUTES
Mr. Mosher provided suggested grammatical corrections to the March 25, 2013,
minutes. Mayor Curry moved, Council Member Petros seconded to approve the
minutes with the grammatical corrections. 5. CURRENT BUSINESS
A. Reserve Policy Review and Update
Mr. Matusiewicz provided an overview of the governmental accounting
categorization of funds noting that governmental and proprietary funds have a
different measurement focus and basis of accounting. The term fund balance is
used for governmental accounting and net working capital is the term used to
describe proprietary fund reserves. Accounting standards further break down
fund balance restrictions to categories defined as non-spendable, externally
restricted, committed, assigned or unassigned.
Mr. Matusiewicz went on to summarize the proposed changes to the Reserve
Policy. Council Member Henn confirmed that the only significant change to the
All documents distributed for this meeting are available in the
administration office of the Finance Department
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Contingency reserve adds a provision that explicitly states it can be also be used for debt service obligations. Correctly representing requirements within Council
Policy B-2 will be reflected by restating how money will be set aside in a Senior Center and Recreation Facilities Rental Reserve for equipment replacement or
facility refurbishment as opposed to for a Senior Center site.
Mr. Matusiewicz noted that revised wording for infrastructure replacement
funding in the Water and Wastewater Enterprise Funds aligns the contribution level with funding requirements of the Water Master Plan. A revision to the
Internal Service Funds section of the Policy will make it incumbent on the Finance Director to recommend realignments when appropriate as part of the annual
budget adoption. Council Member Henn suggested revised wording in this section to reflect that the Finance Director makes recommendations to the City
Council for approval.
Mr. Matusiewicz confirmed the proposed changes will not result in any net
financial effect on the reserve balances.
Mr. Mosher questioned whether the Off Street Parking fund is categorized
correctly to be consistent with provisions in Section 1113 of the Charter. Council
Member Petros reviewed the Municipal Code and Charter, and confirmed that
the City Council has authority to direct funds to the Off Street Parking fund.
Mayor Curry moved, Council Member Petros seconded to forward the
recommended Policy revisions as discussed to the full Council for approval. The
motion was unanimously approved.
B. Final Review of Debt Management Policy and Changes to Facilities
Replacement Program Policy F-28
Deputy Director Montano commented that the Debt Management Policy has
been further refined in response to Finance Committee feedback given at the
March 25, 2013, meeting. Additionally, revisions are proposed to Council Policy F-
28, Facilities Replacement Program to establish a floor of 3% for the annual
General Fund contribution as opposed to a ceiling. A similar change is proposed
to align the Fiscal Sustainability Plan with the proposed debt policy.
Committee Members unanimously approved the recommended new policy and proposed that policy revisions be forwarded to the City Council for approval.
C. Second Review of Facilities Finance Plan (FFP)
Mr. Matusiewicz discussed changes made to the FFP to enhance the Plan as directed by the Finance Committee at the previous meeting. The biggest impact
was the inclusion of additional developer contributions projected over the next year. He noted there would be very little debt that needs to be issued to
complete the Plan. The average General Fund contribution over a 30-year period is sustainable at 4.3%.
All documents distributed for this meeting are available in the
administration office of the Finance Department
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Council Member Petros commented a sensitivity analysis on construction costs over time may be warranted as it is a sensitive variable.
Council Member Henn instructed park-in-lieu items should be identified as such in the descriptions and Uptown Newport should be adjusted to reflect the credit for
developer contribution.
There was discussion on stylistic consistency on how the planning tool is referred
to in various documents and a consensus was reached to name it the Facilities Financial Planning Tool (FFPT). The formerly named Facilities Replacement Plan
shall be named the Financial Planning Reserve fund. The next step will involve briefing the City Council on the FFPT as part of the budget discussion.
D. Quarterly Financial Review, FY 2013-14 Budget Update and Review of
Long-range Fiscal Forecast
Council Member reviewed the outline proposed for the Quarterly Financial
Report (QFR) for the quarter ended March 30, 2013, which will be going to the
Council with the Quarterly Business Report on May 28, 2013. Mayor Curry
commented that the report should focus on looking at the rate of expenditures
relative to the budget. He discussed the items to be included as part of the FY
2013-14 budget discussion which is separate and not part of the QFR.
Council Member Henn pointed out it would be beneficial to communicate that
much of projected future infrastructure spending will be cash because of
conservative management and thorough planning.
E. 2013 Work Plan Update
The revised Finance Committee Work Plan was presented and includes review of
QFRs prior to City Council review. The fourth quarter FY 2013 QFR will be included
on the September 23, 2013, Finance Committee agenda for review and will be
included in the City Manager’s Quarterly Business Report (QBR) on the October
22, 2013, City Council agenda. The first quarter FY 2014 QFR will be scheduled for
review by the Finance Committee at the meeting of November 14, 2013, and will
be included in the QBR for the City Council agenda of December 10, 2013.
Council Member Petros questioned the last time that traffic fees were reviewed and expressed an interest in updating such fees on a regular basis. City Manager
Kiff explained the review process for fees which is on a 3-year cycle for each department.
Council Member Henn directed language added to the work plan that auditors will contact members of the Finance Committee individually to discuss the audit
work plan and if auditors determine any potential areas of concern, they will request Finance Director to convene a meeting of the Committee.
All documents distributed for this meeting are available in the
administration office of the Finance Department
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6. FINANCE COMMITTEE ANNOUNCEMENTS OR MATTERS WHICH MEMBERS WOULD LIKE PLACED ON A FUTURE AGENDA FOR DISCUSSION, ACTION OR REPORT (NON-DISCUSSION ITEM)
No future agenda items were discussed other than items that will be revised and brought back as directed.
7. ADJOURNMENT
The Finance Committee adjourned at 5:30 p.m.
Filed with these minutes are copies of all material distributed at the meeting.
Attest:
Mike Henn, Chair Date
Finance Committee Chair
CITY OF NEWPORT BEACH FINANCE COMMITTEE STAFF REPORT
Agenda Item No.
May 13, 2013
TO: HONORABLE CHAIRMAN AND MEMBERS OF THE COMMITTEE
FROM: FINANCE DEPARTMENT
Dan Matusiewicz, Finance Director
(949) 644-3123 or DanM@NewportBeachCA.gov
SUBJECT: FY 2013-14 BUDGET TRANSMITTAL
SUMMARY:
As the result of favorable economic trends, the General Fund’s top three revenue sources
(Property Tax, Sales Tax and Transient Occupancy Taxes) are performing better than projected in the FY 2012-13 budget and are expected to continue their climb into positive territory in FY 2013-14. The FY 2013-14 budget was developed in furtherance of the
following principles: adherence to the Fiscal Sustainability Plan, maintaining or increasing
investment in our infrastructure and neighborhood beautification, addressing pension
costs comprehensively and aggressively, reinforcing public safety, and balancing the budget in manner that does not rely solely on increased revenues from an expanding economy.
Management has taken a deliberative and disciplined approach to the programs
proposed in this balanced budget. In summary, the City Council will consider the following proposals, among others, as reflected in the Performance Plan and the Detailed Budget:
• Facilities. The City continues its financial commitment to the Facilities Financial Planning Reserve in FY 2013-14 with a $7 million transfer from the General
Fund. This represents a $3 million increase from the prior year that will provide
for the following projects in the coming year: Marina Park, Sunset Ridge,
Lifeguard Headquarters and the Corona del Mar Fire Station.
• Basic Infrastructure – $5M in General Fund CIP. In FY 2013-14, General Fund contributions in the amount of $5 million to the CIP will provide for Balboa
Boulevard landscape rehabilitation, street and sidewalk maintenance, park
structure replacements and other projects. Notable water utility capital
investments include the Corona del Mar transmission main project and the replacement of the Big Canyon reservoir cover.
FY 2013-14 Budget Transmittal May 13, 2013
Page 2
• Less Personnel. A net reduction of 16 full-time and 14 part-time positions which includes increased public safety staffing and enhanced service delivery
efficiencies.
• A Vital Support System for Law Enforcement. Initiated funding, recommended at $1 million each year for FY 2012-13 and for FY 2013-14, for 800 MHz radio replacement that will occur County-wide over the next 15 years. This investment
is necessary and critical for public safety and emergency operating services.
• Better and Smarter Technology. Increased funding commitments to technology improvements to provide for the acquisition and implementation of a new Enterprise Resource Program (ERP), a new Computer Aided Dispatch/Records
Management System (CAD/RMS) system for the Police Department, community
based permits software and other technology enhancements that promise
additional service efficiency.
• Careful evaluation of certain city services that a contractor can perform with the
same or better efficiency and at lower cost.
DISCUSSION:
General Fund Overview
General Fund revenues for FY 2013-14 are projected at $166 million. Certain revenues
are “set aside” per Council Policy F-2 or other external restrictions. Set asides for FY
2013-14 total $3.6 million and include $1.7 million for the affordable housing reserve, $1.4
million for the contingency reserve and $0.5 million for other reserve set-asides (see table below). Transfers-in from all sources total $8.8 million and include resources transferred
from other funds, roll-forward of prior year encumbrances and planned use of restricted
reserve balances. When General Fund revenues and transfers-in are netted against set
asides, the net General Fund revenue total for FY 2013-14 is $171.1 million.
FY 2013-14 General Fund Budget Summary
Revenues $165,872,691
Transfers-In (All Sources)8,822,921
Adjustment for mandated Set-Asides (3,603,825)
Net Revenues $171,091,787
Expenditures $155,673,022
New CIPs 5,000,000
Reappropriated CIPs 1,667,370
Transfers-Out FFP 7,000,000
Transfer-Out Equipment Replacement 1,000,000
Net Expenditures $170,340,392
Net General Fund Surplus/(Deficit) $751,395
FY 2013-14 Budget Transmittal May 13, 2013
Page 3 General Fund expenditures for FY 2013-14 total $170.3 million. In addition to departmental operating expenditures, this amount includes a $7 million transfer-out to the Facilities Financial Planning Reserve, $6.7 million to the Capital Improvement Program
and $1 million to the Equipment Replacement Fund in support of the City’s share of the
800 MHz Countywide Coordinated Communications System (CCCS). The CCCS is
Orange County's analog/digital trunked public safety radio communications system that provides radio communications services and interoperability among City and County law enforcement, fire services, public works and lifeguard/marine safety departments in
Orange County. The net of revenues less expenditures provides a projected budget
surplus of $751,395 for FY 2013-14 as indicated in the table above.
Revenue Forecast The General Fund’s top three revenue sources (Property Tax, Sales Tax and Transient
Occupancy Taxes) are performing better than projected in the FY 2012-13 budget and
are expected to continue their climb into positive territory in FY 2013-14. We are
projecting FY 2013-14 General Fund revenues at $165.8 million, an increase of approximately $3.5 million or 2.2% from our FY 2012-13 revised revenue forecast. The projected increase over FY 2013-14 appears to be fairly modest due to certain one-time
revenue sources received in FY 2012-13, which are not expected to reoccur in FY 2013-
14 including the distribution of our equity interest in the Airborne Law Enforcement joint
powers authority of $2.5 million, the distribution of unencumbered proceeds from a County redevelopment agency (RDA) of $1.9 million and certain other revenue. If it were not for the one-time revenues, the 2013-14 revenue forecast would be 4.2% higher than
our revised 2012-13 forecast. While secured property taxes are anticipated to increase
4% over our FY 2012-13 forecast, the Property tax category as a whole is only expected
to increase by 0.8%, or $610,700, from FY 2012-13 due to the one-time tax distribution of RDA proceeds. Demand for housing nationwide and especially within Orange County is increasing, as are housing median prices. With interest rates still hovering near historic
lows and an improving job market, strong demand and higher assessed valuation is
expected for FY 2013-14.
Taxes Other than Property is the next largest revenue category and is projected to increase 5.94%, or over $3 million in FY 2013-14 from the FY 2012-13 revenue estimate.
Within this category, sales tax and transient occupancy tax (TOT) are expected to
increase 5.53% and 7.00% respectively over the prior year. FY 2013-14 sales tax is
estimated at $22.7 million, an increase of almost $1.2 million. The transportation (new and leased autos), consumer goods and restaurant business sectors in particular have seen the largest gains and are indicative of growing consumer confidence. TOT is
estimated to increase $1.1 million from the prior year due largely to higher occupancy in
city hotels, motels, cottages and resorts and a generally improving travel and tourism
business sector. The largest year-over-year transient occupancy tax increases derived from the Fairmont Hotel, Marriot Resort and Resort at Pelican Hill.
Licenses and Permits revenue is projected to be about $1.3 million over the FY 2012-13
revenue estimate, due to one-time affordable housing contributions from developers. The
FY 2013-14 Budget Transmittal May 13, 2013
Page 4 Other Revenue category is dropping significantly due to the one-time receipt of $2.5 million in FY 2012-13 from the sale of helicopter equipment following the dissolution of the Joint Powers Airborne Law Enforcement program. Total FY 2013-14 City revenues,
excluding internal charges, are expected to increase 9.8%, or $22.6 million, from FY
2012-13. For the purposes of this overview, enterprise activity, special revenue sources
and major capital improvement funds are segregated from General Fund activity and are summarized as “All Other Funds.”
The table below indicates the changes from the FY 2011-13 budget to the FY 2013-14
proposed budget in the General and the aggregate of all other funds.
Expenditure Forecast
The General Fund contains expenditures for all operating City departments except for the
Harbor Resources Division within the Public Works Department and the Oil and Gas
Division of the Municipal Operations Department which are funded through Tidelands, and the Water and Wastewater Divisions within the Municipal Operations Department
respectively. The General Fund is the main operating fund for the City and is generally of
most interest to residents as it is funded predominantly (79%) by tax revenues.
This budget focuses on programs and activities that support four core qualities that make Newport Beach special: a high quality physical environment; a sense of community
enjoyment and safety; civic engagement within the community and with City government;
and an accountable and responsive City government. Departments continue to review all
programs to ensure they support these core values and at the same time continue to look
for department operating reductions or increased revenue opportunities, where appropriate.
In FY 2013-14, the proposed General Fund expenditures, including General Fund capital
improvements, total $162.3 million, an increase of 3.2%, or $5 million, from the amended
2012-13 2012-13 2013-14 Change from
Revenue Original Amended Budget Proposed Budget Amended
Total Property Taxes $72,975,146 $76,950,273 $77,560,969 0.79%
Taxes Other than Property 48,895,236 51,212,852 54,255,938 5.94%
Licenses and Permits 4,163,212 4,114,811 5,382,970 30.82%
Intergovernmental 1,209,809 1,380,685 1,443,521 4.55%
Charges for Services 14,468,595 14,851,681 15,191,626 2.29%
Fines, Forfeitures & Penalties 3,539,847 3,814,847 3,776,000 -1.02%
Use of Money and Property 7,715,351 7,584,006 7,946,866 4.78%
Other Revenue 2,859,200 2,414,969 314,800 -86.96%
Total General Fund Revenue 155,826,396 162,324,124 165,872,691 2.19%
All Other Revenue 81,868,842 86,709,043 105,851,916 22.08%
Total City Revenue 237,695,238 249,033,168 271,724,607 9.11%
Less Internal Premiums (18,709,213) (17,936,758) (18,020,266) 0.47%
Total City Revenue Net of Internal Charges $218,986,025 $231,096,410 $253,704,341 9.78%
FY 2013-14 Budget Transmittal May 13, 2013
Page 5 FY 2012-13 General Fund budget. New General Fund capital improvement project funding for FY 2013-14 is proposed to be $5 million, a decrease of $500,000 over the previous year. When combined with the anticipated carry-over budget of $1,667,370 that
will be re-budgeted from FY 2012-13 to FY 2013-14, the total CIP budget will be
approximately $6.7 million in FY 2013-14. Our goal is to maintain the funding for new
General Fund capital improvement projects at $5 million, which is the level we believe, is in keeping with our goal of maintaining our physical environment. The proposed budget also includes a General Fund transfer of $7 million to the Facilities Financial Planning
Reserve Fund, up nearly $3 million from the previous year.
The FY 2013-14 General Fund operating budget is $155.6 million. This represents an increase of 3.2%, or $4.8 million, from the FY 2012-13 estimated final budget. The City Manager required all directors to maintain existing budget levels so that resources could
be allocated to other priority projects that support our core values (see table below). The
increases to operating department budgets were primarily limited to contractually
obligated CPI adjustments within contracts and merit salary increases.
Total proposed City expenditures in FY 2013-14, including debt service and capital
projects, is $278.9 million. Excluding internal service charges to fund insurance reserves,
equipment maintenance and replacement, and post employment medical benefits, total
expenditures are proposed to be approximately $260.9 million.
2012-13 2012-13 2013-14 Change
Original Estimated Proposed from
Function and Activities Budget Budget Budget Revised
GENERAL FUND BUDGET
General Government $14,861,603 $14,895,704 $14,787,898 -0.72%
Public Safety 77,724,272 78,335,617 83,450,001 6.53%
Community Development 9,217,053 9,913,905 9,403,399 -5.15%
Public Works 29,800,873 30,105,571 29,757,815 -1.16%
Community Services 16,781,992 16,803,789 18,043,909 7.38%
Debt Service/Non Departmental 750,000 785,000 230,000 -70.70%
Operating Budget Savings - - - n/a
Total General Fund Operating Budget 149,135,793 150,839,586 155,673,022 3.20%
General Fund CIPs 8,037,381 6,480,784 6,667,370 2.88%
Total General Fund Budget $157,173,174 $157,320,370 $162,340,392 3.19%
TOTAL CITY BUDGET
Total Operating Budget $212,338,561 $215,086,091 $217,631,300 1.18%
Total CIP Budget 110,140,289 96,607,778 61,286,576 -36.56%
Total City Budget 322,478,850 311,693,869 278,917,876 -10.52%
Less Internal Charges (18,709,213) (17,936,758) (18,020,266) 0.47%
Total City Budget Net of Internal Charges $303,769,637 $293,757,111 $260,897,610 -11.19%
FY 2013-14 Budget Transmittal May 13, 2013
Page 6 The City’s Workforce The FY 2013-14 budget includes personnel changes that result in the net reduction of 16 full-time and 14.3 part-time (or full-time equivalent) positions for a total workforce
reduction of 30.3 full-time equivalent personnel. These personnel reductions were largely
the result of a Voluntary Separation Incentive Program and other workforce reductions
resulting from the outsourcing of parking lot operations and business license enforcement.
The approval of these changes reduced our total full-time position count to 736 full-time
and 111.88 part-time (full-time equivalents) personnel. To review historical staffing trends,
please refer to the Three-Year Comparison of Full-Time and FTE Positions in the Appendix Section of the Performance Plan.
FY 2013-14 Budget Transmittal May 13, 2013
Page 7 Position Changes
Department Add/(Delete)Position
CDD (2.0)Assistant Planners
CDD (1.0)Chief Building Official
City Attorney (1.0)Deputy City Attorney
City Manager (1.0)Assistant to City Manager
City Manager 0.5 IT Manager
City Manager 0.5 Deputy City Manager
Finance (1.0)Graphics & Printing Specialist
Finance (1.0)Printing Services Supervisor
Finance (1.0)Parking Lot Supervisor
Finance (3.0)Fiscal Clerk
Finance (1.0)License Clerk
Finance 1.0 Senior Accountant
Fire 1.0 Lifeguard Officer (was 0.40 FTE)
Human Resources (1.0)Human Resources Director
Human Resources 0.5 Deputy City Manager
Info Tech (1.0)Personal Comp/Network Coordinator (transferred to PD)
Info Tech (2.0)Applications Coordinator PD (transferred to PD)
Info Tech (1.0)Police Computer System Manager (transferred to PD)
Info Tech (1.0)Police MIS Specialist (transferred to PD)
Info Tech (1.0)Chief Information Officer
Info Tech 0.5 IT Manager
Info Tech (1.0)Library Information Systems Admninistrator
Info Tech 1.0 IT Technician
Info Tech (1.0)Telecommunication Specialist
MOD-General Services (1.0)Groundsworker I
MOD-General Services (1.0)Traffic Painter
MOD-General Services (3.0)Refuse Worker II
MOD-General Services (3.0)Refuse Worker I
MOD-Wastewater (1.0)Utilities Crew Chief
MOD-Wastewater (1.0)Senior Equipment Mechanic
Police 1.0 Personal Comp/Network Coordinator (transferred from IT)
Police 2.0 Applications Coordinator PD (transferred from IT)
Police 1.0 Police Computer System Manager (transferred from IT)
Police 1.0 Police MIS Specialist (transferred from IT)
Police 3.0 Police Officer
Police 1.0 Police Sergeant
Police (1.0)Custody Officer
Public Works (1.0)City Surveyor
Public Works (1.0)Senior Traffic Engineer Tech
Public Works (1.0)Junior Civil Engineer + 5%
Public Works 1.0 Associate Civic Engineer + 5%
Recreation 2.0 Office Assistants (was 1.69 FTE)
Recreation 2.0 Recreation Coordinators (was 1.76 FTE Assistant Recreation Coordinators)
(16.0)
Part-time FTEs (14.3)
Net FTE Reductions (30.3)
FY 2013-14 Budget Transmittal May 13, 2013
Page 8 Capital Improvement Program (CIP) The CIP serves as a funding plan for public improvements, special projects and many ongoing maintenance programs. Projects in the CIP include construction and
rehabilitation of arterial highways, local streets, storm drains, bay and beach
improvements, parks and buildings, and water and wastewater improvements. The FY
2013-14 CIP budget is approximately $61.3 million, representing more than $34.9 million in new project funding and approximately $26.3 million in projects that will be re-budgeted or carried forward from FY 2012-13 to FY 2013-14.
Specific project plans for this budget year are discussed in more detail in the CIP section
of the Budget documents. There is also a summary of Historical Capital Projects
Spending in the Appendix Section of this document.
Acknowledgement
In conclusion, the development of the City’s annual budget takes an enormous amount of
staff time and effort. I am proud of how management staff continues to work
collaboratively to allocate resources in support of the City Council directed priorities and
in support of the core qualities that make Newport Beach special. I also want to thank my finance team for their professionalism, dedication, and technical abilities. My sincere
appreciation is extended to the City Council and City Manager for their leadership and
support; and, to all department directors, division managers and departmental budget
liaisons for their contributions.
RECOMMENDATIONS:
Staff welcomes input on the proposed budget and recommends that the Committee
forward the budget to the City Council for approval.
Submitted and Prepared by:
/s/ Dan Matusiewicz
Dan Matusiewicz
Finance Director
FY 2013-14
Category Budget
Facilities $4,211,601
Streets and Drainage 17,953,420
Traffic 3,129,695
Parks, Harbors and Beaches 27,655,000
Water Quality and Environmental 4,934,480
Water 2,630,000
Wastewater 454,980
Miscellaneous 317,400
$61,286,576