SR 05:300 - Laserfiche WebLink

$4,000); other equipment and furnishings ($56,000); other software and hardware ($78,000); and other miscellaneous and professional services ($59,000). Included in the recommended carryovers are contingency funds for increasing security, including homeland security, disaster preparedness and response. A total of $300,000 is included for facility, equipment, communication upgrades, etc. Another $200,000 is included for staff and public training, hardware and software for emergency management, additional personnel costs such as overtime related to training or actual emergency events, etc. This contingency was established after the events of September 11, 2001. As needs outside the normal budget process are identified, the money is drawn from this contingency. This account can also be drawn upon to provide cash flow for disaster costs, pending reimbursements from FEMA, for example. When funds are used, they are later replenished when funding can be identified, typically as part of the midyear or yearend review process. Also included in the carryover of contingency items are funds to continue making operational changes to achieve more City energy conservation ($250,000) and to do one or more demonstration projects ($250,000). Staff is requesting a carryover of contingency funds in FY05 to provide for potential refunds of unclaimed funds ($50,000), for increased gasoline and utility costs ($141,000), and cemetery study ($50,000). Also included is $675,000 that has been accumulated from Parks Division yearend savings the last few years to fund the first two years of an intensified tree trimming program. Staff will be bringing back more information to the City Council later this year regarding this recommended program, which is expected to be a necessary, ongoing effort to maintain the health of the City's significant tree inventory. Summary of Staff Recommendations for General Fund FY05 Net Income In summary, expenditures are $6.2 million under budget. With $3.9 million in recommended expenditure carryovers, expenditures will then be a net $2.3 million under budget (favorable). Revenues are $1.68 million more than expected. Therefore, net income after carrvovers will be $3.99 million more than proiected. Staffis recommending that $2 million of the balance be placed in the Capital Proiect Reserve, to be transferred in FY06 to the Golf (General Fund) Reserve, consistent with the Golf Enterprise Interim Goals contained in the financial policies that were adopted by the City Council in September 2005. Also in accordance with City policy, staff is recommending that $190.000 be added to the 10% Reserve for Economic Uncertainties to bring its balance to $8.0 million. This contribution will now bring the Reserve's balance to be approximately 10% of the FY05 revenue received ($79.9 million). SR 05:300 12