The URL can be used to link to this page

Home My WebLink About2000/06/12 - Agenda Packet - Adj (Budget) AGENDA CITY OF RANCHO CUCAMONGA CITY COUNCIL Adjourned Meeting June 12, 2000 - 5:30 p.m, Council Chambers 10500 Civic Center Drive Rancho Cucamonga, California A. CALL TO ORDER 1. Roll Call: Alexander , Biane , Curatalo , Dutton __, Williams ~ B. PUBLIC HEARINGS The following items have no legal publication or posting requirements. The Chair will open the meeting to receive public testimony. ADOPTION OF FISCAL YEAR 2000/2001 BUDGET AND ARTICLE XIII-B APPROPRIATIONS LIMIT Page f RESOLUTION NO. 00-111 Page 3 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO CUCAMONGA, CALIFORNIA, ADOPTING THE CITY'S FISCAL YEAR 2000/2001 BUDGET RESOLUTION NO. 00-112 Page 5 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO CUCAMONGA, CALIFORNIA, ESTABLISHING AN APPROPRIATIONS LIMIT PURSUANT TO ARTICLE XIII-B OF THE CALIFORNIA STATE CONSTITUTION FOR FISCAL YEAR 2000/2001 C. ITEM OF DISCUSSION APPROVAL OF ANNUAL LOAN TRANSACTION BETVVEEN THE CITY OF RANCHO CUCAMONGA AND THE RANCHO CUCAMONGA REDEVELOPMENT AGENCY Page 6 D. COMMUNICATIONS FROM THE PUBLIC This is the time and place for the general public to address the City Council. State law prohibits the Council from addressing any issue not previously included on the agenda. The Council may receive testimony and set the matter for a subsequent meeting. Comments are to be limited to five minutes per individual. E. ADJOURNMENT I, Debra J. Adams, City Clerk of the City of Rancho Cucamonga, hereby certify that a true, accurate copy of the foregoing agenda was posted on June 8, 2000 per Government Code 94954.2 at 10500 Civic Center Drive, Rancho Cucamonga, California. THE CITY : L: ...... ]~ANCHO CUCAaONGA ZZ'ZZZZL',Z . Zz _, I Stifff Report DATE: TO: FROM: SUBJECT: June 12, 2000 Mayor and Members of the City Council Jack Lam, City Manager Tamara L. Layne, Finance Officer ADOPTION OF FISCAL YEAR 2000101 BUDGET AND ARTICLE XIIIB APPROPRIATIONS LIMIT RECOMMENDATION 1. Council approve the attached resolution authorizing the fiscal year 2000/01 budget. 2. Council approve the attached resolution adopting the Article XIIIB Appropriations Limit for fiscal year 2000/01. BACKGROUND The City of Rancho Cucamonga has proposed a one year program of service with the 2000/01 fiscal year budget. The attached resolution adopts that one year budget and reflects any changes recommended and approved by Council at the publicly held budget study sessions. FISCAL YEAR 2000/01 BUDGET General Fund Library Services Capital Improvement Program Special Funds $ 40,065,120 $ 1,900,060 $ 16,381,180 $ 24,089,050 Total $ 82,435,410 The State of California Constitution, Article XIIIB, requires that an appropriations limit be established annually by the City Council. The factor used to develop the appropriations limit is the C.P.I. change and the change in the City's population. The additional attached resolution adopts the annual appropriations limit as required by Article Xll IB of the State Constitution. Based on the factors of the Gann Limit (a C.P.I. change of 4.91% and a population change of 2.75%), the City's fiscal year 2000/01 appropriations limit is $32,114,749. The City's fiscal year 2000/01 appropriations subject to this limit total $29,898,820. It is anticipated that the City will be at 93.1% of its Gann Limit at June 30, 2001. Respectfully submitted, Tamara L. Layne Finance Officer Attachments h~finance~budget2OOfiCity Counc~ staff reports~City budget adoption.doc -2- RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO CUCAMONGA, CALIFORNIA ADOPTING THE CITY'S FISCAL YEAR 2000/01 BUDGET WHEREAS, the Rancho Cucamonga City Council held a workshop to review the appropriation requests for the fiscal year 2000/01 on June 5, 2000, and; WHEREAS, the Rancho Cucamonga City Council held a public hearing on the General City Budget, and; WHEREAS, this public hearing was published in a newspaper of general circulation and held on June 12, 2000; NOW, THEREFORE, the City Council of the City of Rancho Cucamonga, California does hereby resolve on this 12th day of June 2000, as follows: SECTION 1: ADOPTION OF FISCAL YEAR 2000101 BUDGET. The City of Rancho Cucamonga budget for the fiscal year 2000/01, on file in the office of the Finance Officer, is hereby adopted in the amount of $82,435,410. This budget total includes appropriations for both the general and other special purpose funds. SECTION 2: TRANSFERS OF FUNDS BETWEEN AND I OR WITHIN APPROPRIATIONS. The City Council of the City of Rancho Cucamonga may transfer funds between funds or activities set forth in the budget. The City Manager may transfers funds between appropriations within any fund as set forth in the budget and may transfer appropriations between activities within any cost center in the same fund. SECTION 3: TRANSFERS OF FUNDS BETWEEN FUNDS. Transfers of funds between funds as shown throughout the fund transfer sections of the budget shall be made as expenditures warrant such transfers. SECTION 4: DISBURSEMENTS. The City Manager and the Finance Officer, or the duly designated representative, are hereby empowered and authorized to disburse funds pursuant to appropriations provided for in the fiscal year 2000/01 budget, and have the responsibility to establish procedures and to administratively implement and control the budget on all matters, except direct expenditures by Councilmembers which require Council approval. Resolution No. 00-.~ Page 2 SECTION 5: ADDITIONAL APPROPRIATIONS. The City Council may amend this temporary budget to add or delete appropriations. PASSED, APPROVED, AND ADOPTEDthis12thdayofJune2000. AYES: NOES: ABSENT: ABSTAINED: ATTEST: William J. Alexander, Mayor Debra J. Adams, City Clerk I, DEBRA J. ADAMS, CITY CLERK of the City of Rancho Cucamonga, California, do hereby certify that the foregoing Resolution was duly passed, approved and adopted by the City Council of the City of Rancho Cucamonga, California, at an adjourned meeting of said City Council held on the 12th day of June 2000. Executed this .~ day of June 2000, at Rancho Cucamonga, California. Debra J. Adams, City Clerk i:~finance~budget2OOfiCity Council staff reports~resolution-City budget. doc RESOLUT,ON NO. 00- IlK RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO CUCAMONGA, CALIFORNIA ESTABLISHING AN APPROPRIATIONS LIMIT PURSUANT TO ARTICLE XIIIB OF THE CALIFORNIA STATE CONSTITUTION FOR FISCAL YEAR 2000/01 WHEREAS, Article XIII B of the State of California provides that the total annual appropriations subject to limitation of the State and of each local government shall not exceed the appropriations limit of such entity of government for the prior year adjusted for changes in the cost of living and population except as otherwise provided in said Article XIIIB, and; WHEREAS, pursuant to said Article XIIIB of the Constitution of the State of California, the City Council of the City of Rancho Cucamonga deems it to be in the best interests of the City of Rancho Cucamonga to establish an appropriations limit for the fiscal year 2000/01, and; WHEREAS, the Finance Officer of the City of Rancho Cucamonga has determined that said appropriations limit for the fiscal year 2000/01 be established in the amount of $32,114,749. NOW, THEREFORE, the City Council of the City of Rancho Cucamonga, California does hereby resolve that an appropriations limit for the fiscal year 2000/01 pursuant to Article XIIIB of the Constitution of the State of California be established in the amount of $32,114,749 and the same is hereby established. BE IT FURTHER RESOLVED that said appropriations limit herein established may be changed as deemed necessary by resolution of the City Council. PASSED, APPROVED, AND ADOPTED this 12th day of June 2000. AYES: NOES: ABSENT: ABSTAINED: William J. Alexander, Mayor T H C I T Y I~ANCIIO OF CUCAMONCA S fffReport DATE: TO: FROM: SUBJECT: June 12, 2000 Mayor and Members of the City Council, Jack Lam, City Manager Tamara L. Layne, Finance Officer APPROVAL OF ANNUAL LOAN TRANSACTION BE'RNEEN THE CITY OF RANCHO CUCAMONGA AND THE RANCHO CUCAMONGA REDEVELOPMENT AGENCY RECOMMENDATION Approve the repayment and re-borrowing of the annual loan between the City of Rancho Cucamonga and the Rancho Cucamonga Redevelopment Agency. BACKGROUND In order to receive tax increment revenue, the principal source of redevelopment funding, a Redevelopment Agency must demonstrate existing debt which will be repaid by the tax increment received. ANALYSIS Each year, the City and the Agency approve the annual loan transaction at about the time the budget is approved. During Fiscal Year 2000/01, the Redevelopment Agency will pay to the City $6,100,000 towards the principal and interest on the City/Agency loan. At the present time, the City will authorize the Agency to re-borrow the amount of $6,100,000. This item appears on both the City Council and the Agency agendas. Respectfully submitted, Tamara L. Layne Finance Officer i.'~finance~budget200f ~City Council staff reports~annual loan with RDA. doc