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010 of 1989 - Amending the Budget of SLC for Fiscal YR 1988-89 SALT LAKE CITY ORDINANCE NO. -..0 OF 1989 (Amending the Budget of Salt Lake City, Utah) AN ORDINANCE AMENDING SALT LAKE CITY ORDINANCE NO. 39 OF 1988 ADOPTING THE BUDGET OF SALT LAKE CITY, UTAH, FOR THE FISCAL YEAR BEGINNING JULY 1, 1988 AND ENDING JUNE 30, 1989 . PREAMBLE On June 13, 1988, the Salt Lake City Council ( the "City Council" ) adopted the budget of Salt Lake City, Utah for the fiscal year beginning July 1, 1988 and ending June 30, 1989, in accordance with the requirements of Section 118 of Chapter 6, Title 10, Utah Code Annotated, 1953 as amended; and said budget was approved by the Mayor of Salt Lake City, Utah. The Director of Finance, acting as the City' s Budget Officer, prepared and filed with the City Recorder proposed amendments to said duly adopted budget, copies of which are attached hereto, for consideration by the City Council and inspection by the public. The City Council fixed a time and place for a public hearing to be held on March 211 1989 to consider the attached proposed amendments to the budget and ordered notice thereof be published as required by law. Notice of said public hearing to consider the amendments to said budget was duly published and a public hearing to consider the attached amendments to said budget was held on March 21, 1989 in accordance with said notice at which hearing all interested parties for and against the budget amendment proposals were heard and all comments were duly considered by the City Council. All conditions precedent to amend said budget have been accomplished. Be it ordained by the City Council of Salt Lake City, Utah: SECTION 1. Purpose. The purpose of this Ordinance is to amend the budget of Salt Lake City, Utah as adopted by Salt Lake City Ordinance 39 of 1988. SECTION 2. Adoption of Amendments. The budget amendments attached hereto and made a part of this Ordinance be, and the same hereby are adopted and incorporated into the budget of Salt Lake City, Utah for the fiscal year beginning July 1, 1988 and ending June 30, 1989, in accordance with requirements of Section 128 of Chapter 6, Title 10, Utah Code Annotated ( 1953, as amended) . SECTION 3. Certification to Utah State Auditor. The Director of the City' s Finance Department, acting as the City' s Budget Officer, is authorized and directed to certify and file a copy of said budget amendments with the Utah State Auditor. SECTION 4. Filing of Copies of the Budget Amendments. The said Budget Officer is authorized and directed to certify and file a copy of said budget amendments in the office of said Budget Officer and in the office of the City Recorder, which amendments shall be available for public inspection. SECTION 5. Effective Date. This Ordinance shall take effect on its first publication. Passed by the City Council of Salt Lake City, Utah, this day of ( ,1; 17 , 1989 . SALT LAKE CITY COU IL By , -,1�a CHA RPERSON ATTEST: C RE DE Approved by the Mayor this 22nd day of March 1989 . MAYOR ATTESt: APPROVED AS TO FORM Salt Lake City Attorne 's Office CITY "REC R Date 2 By FMN:cc (SEAL) BILL 10 of 1989 Published: March 29, 1989 -3- 1989 Budget Amendment 09 March 21, 1909 ------------------------__._'----------------------------------------------------------------------------------------------------------------------------------------------------------------------page 1 of 1 I---------------------------------------MAJOR FUND CLASSIFICATIONS-----------------------------------I INTERNAL CAPITAL SPECIAL EXPLANATION AGENCY/ GENERAL ENTERPRISE SERVICE IMPROVEMENT GRANT REVENUE OTHER PROJECT OR DEPARTMENT OF DEPARTMENT FUND--- ----------- ---------FUNDS----------FUNDS----------FUND-----------FUNDS --------FUNDS---------FUNDS -------FUND CLASS ----TOTALS------------------AMENDMENT-REQUEST----------------------- Airport 29.795.000 Airport CIP Dopartmenl Request: To budget funds to complete Capital Improvement Projects. Discussion: This request Is in conjunction with the issuance Of Series 1989 Airport Revenue Bonds which wilt be Issued In April Proceeds, along with some additional operating rei mbursements will be used to construct a parkin?y ggarage, pedestrian bridges and other related foci lltleg. Recommendation: Appropriate S26.700,000 of Bond Proceeds and $3.095.000 Of Operating reimbursements t0 the Airport CIP account t0 construct needed Improvements. 29.795.000 Finance 200.000 Parking Department Requestt To transfer and budget General fund contingency to cover the cost of constable service delivery for parking related warrants. Discussion., The budgget for delivery Of parking �-- warrants by the cons table's offce was Originally lower because of court rules relatingto service of warrants within a 45 day period of the court date. The court changed their ruling and we now serve all warrants as soon as possible because It to In the best Interest of the City to collect on as wen? as possible. Also, the number Of delinquent tickets hes t ncrsesad. Therefore, there 1s not enough budget to cover the cost Of this added service so en increase to needed. The treasurer's office !s projecting that by the end of this year we could be spending an average of $22.000 per month. Recommendation: Appropriate $200.000 of General Fund contingency to cover the cost of services through June. 200.000 Non-Departmental -200.000 Contingency Reduction In contingency account as per the above i transaction In the Finance Department. 200.976 PILOT/ Department Requests TO budget funds received from Transitional the Salt lake City Housing Authority as payment in- Housing lieu Of taxes PILOT) and grant those funds to the Housing Authority for purposes Of leveraging other Federal HUD. Private Volunteer's of America, and local Housing Authority funds to purchase housing units to provide transitional housing to those In need. Discussions Upon appropriation of these PILOT funds on lnterlocal agreement between Salt lake City and r the Bait lake City Housing Authority will be resented for approval and signed. If approved, notes funds will no dleiwread to tha Dousing Authority to complete title project. Recommendation: Apprapriate $200.976 of PILOT revenue and appropriate $200.976 as contribution to the SIC Housing Authorlt?y to complete a transitional housing program for the Clty. 88.976 200,976 29,795.000 0 O O 0 0 30.083.976 amend.mar2 GENERAL FUND AMENDED BUDGET SUMMARY FY 1988-89 1988-89 1988-89 COUNCIL AMENDED BUDGET ADJUSTMENTS BUDGET RESOURCES ---------- ---------- ---------- Revenue Taxes: Property Taxes $24.741.909 $0 $24.741.909 Sales & Use Taxes 19.688.000 0 19.688.000 Franchise Taxes 15.389.560 0 15.389.560 ---------- ---------- ---------- Total Taxes 59.819.469 0 59.819.469 Other Current Revenue: Licenses 6 Permits 4,349.064 0 4.349.064 Fines & Forfeitures 3.313.060 0 3,313.060 Interest 2.486.500 0 2.486.500 Charges For Services 1,835.395 0 1.835.395 Federal Revenue Sharing 0 0 0 State Beer/Liquor Tax 480.000 0 480,000 Intergovernmental Revenue 2.325.676 0 2.325.676 Parking Meter Collections 1,300.000 0 1.300.000 Interfund Reimbursement 3.496.655 0 3.496.655 Other Revenue 251.285 0 251.285 Payment in-lieu of Taxes 0 288.976 288.976 ---------- ---------- ---------- Total Other Current Revenue 29,837.635 288.976 20.126.611 Other Sources ------------- Bond Reserves 424.240 0 424.240 Transfer In From Other Funds 0 0 0 Fund Balance (Reserves) 0 0 0 ---------- ---------- ---------- Total Other Sources 424.240 0 424.240 ---------- ---------- ---------- TOTAL RESOURCES $80.081.344 $288.976 $80.370.320 .......... :......... .......... USES Expenditures ------------ Administrative Services $2.995,747 $0 $2.995.747 Attorney 1.121.503 0 1.121.503 City Council 563.628 0 563.628 Community and Economic Dev. 3.270.215 0 3.270.215 Finance 3.886.546 200.000 4.086.546 Fire 15.966.089 0 15.966.089 Mayor 1,878.298 0 1.878.298 Non Departmental 3.566.358 288.976 3.855.334 Parks 5.300.794 0 5.300,794 Police 20.499.867 0 20.499.867 Public works 14.010.341 0 14.010.341 ---------- ---------- ---------- Total Expenditures 73.059.386 488.976 73.548.362 Other Uses Interfund Transfers: Street Lighting Fund 102,668 0 102.668 Capital Projects Fund 4,462,890 0 4.462.890 Refuse Collection Fund 289.000 0 289.000 Fleet Replacement Fund 1.909.500 0 11909.500 Demolition Fund 15,000 0 15.000 Weed Abatement Fund 15.000 0 15.000 Contingency 227.900 -200.000 27.900 Approp. To Fund Balance 0 0 0 ---------- ---------- Total Other Uses 7.021.958 -200,000 6.821.958 ---------- ---------- ---------- TOTAL USES S80.081.344 $288.976 SBO.370,320 .......... .......... .......... AIRPORT ENTERPRISE FUND BUDGET SUMMARY FY 1988-89 GAAP BUDGETARY BASIS BASIS -------------------------------------- ----------- 1988-89 1988-89 1988-89 COUNCIL AMENDED AMENDED BUDGET ADJUSTMENTS BUDGET BUDGET ----------- ----------- ----------- ----------- OPERATING REVENUES: Landing Fees $5.841.900 $0 $5.841.900 $5.841.900 Terminal Rentals 11,417,700 0 11.417.700 11.417.700 Automobile Rentals 3.131.300 0 3.131.300 3.131.300 Automobile Parking 4.265.000 0 4.265,000 4.265.000 Aviation Fuel Tax 4.549.800 0 4.549.800 4.549.800 - - -- Terminal Concession-Fees -2,327.300 0 2,327,300 2.327.300 - Flight Kitchens 1.713.500 0 1.713.500 1.713.500 Other Revenue 4.852.800 0 4.852.800 4.852.800 ----------- ----------- ----------- ----------- TOTAL OPERATING REVENUES 38,099.300 0 38.099.300 38.099.300 ----------- ----------- ----------- ----------- OPERATING EXPENSES: Personal Services 7,388.800 0 7.388.800 7.388.800 Material and Supply 1.269.700 0 1.269.700 1.269.700 Travel and Training 68,500 0 68,500 68,500 Utilities 2.249.400 0 2.249.400 2.249.400 Contractual Services 381.700 0 381.700 381.700 Airline Rebate 2.190.000 0 2.190.000 2.190.000 Janitorial Services 1.060.000 0 1.060.000 1.060.000 Interfund Charges 2.356.200 0 2.356.200 2.356.200 Other Charges and Services 1.026.300 0 1.026.300 1,026.300 ----------- ----------- ----------- ----------- TOTAL OPERATING EXPENSES 17,990.600 0 17.990.600 17.990.600 ----------- ----------- ----------- ----------- NET OPERATING INCOME 20.108.700 0 20.108,700 20.108.700 ----------- ----------- ----------- ----------- OTHER SOURCES (USES): Interest Income (Expense) 800.006 0 800.000 800.000 AIP/other Contributions 18.833.500 3,095.000 21.928.500 Contributon-Restricted Fund -300.000 0 -300.000 Bond Proceeds 0 26.700.000 26.700.000 Depreciation 0 0 0 -9.217.100 Capital Outlay -1.314.600 0 -1.314,600 Debt Service: Interest -5.088.700 0 -5.088,700 -5.088.700 Debt Service: Principal -2.835.000 0 -2.835.000 Capital Improvements -41.472.000 -29.795.000 -71.267.000 ----------- ----------- ----------- ----------- TOTAL OTHER SOURCES (USES) -31.376.800 0 -31.376.800 -13.505,800 ----------- ----------- ----------- ----------- Appropriation to Fund Balance 0 0 0 Appropriation of Fund Balance -11,268.100 0 -11.268.100 Change in Retained Earnings $6.602.900 s Beginning Fund Balance (Deficit) 6,781.100 6.781.100 ----------- ----------- ----------- Ending Fund Balance (Deficit) ($4,487,000) $0 ($4,487,000) ........... ........... ........... Note, Fund balance is defined as cash and investments, less accounts payable, accrued payroll, contract retainage, and restricted accounts. i r