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Home My WebLink AboutTC Res 2021-06-16 (7)Page 1 of 4 Town Council Resolution No. 27-2021 06/16/2021 RESOLUTION NO. 27-2021 A RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF TIBURON ADOPTING A MUNICIPAL BUDGET PLAN FOR THE TOWN OF TIBURON FOR THE FISCAL YEAR ENDING JUNE 30, 2022 WHEREAS, the Town Council conducted a Public Hearing concerning the proposed Municipal Budget Plan for fiscal year 2022 at its regularly scheduled meeting on Wednesday, June 16, 2021; and WHEREAS, the Town Council now finds that the proposed Municipal Budget Plan, as estimated, provides for all appropriate municipal purposes and services with current fund(s) and resources and estimated revenues for fiscal year 2022; and NOW, THEREFORE, BE IT RESOLVED; that the proposed Municipal Budget Plan appropriates revenues and other sources of funds for expenditures associated with operations, capital outlays, capital improvements, and debt service, in the following amounts: Section 1. Operating Budget Program - The proposed Plan has sufficient resources to finance the planned expenditures: Revenues and Funding Sources $14,442,841 Expenditures $14,345,386 Total Operating Net: $ 97,455 Section 1a. Operating Revenue Appropriation – Estimated Revenues and Sources of Funds for fiscal year 2022: GENERAL FUND Property Taxes 6,741,495 Other Taxes 1,615,000 Franchise Fees 745,000 Fines & Forfeitures 105,250 Investment Earnings 129,200 Intergovernmental & Agency 299,595 Licenses & Permits 893,250 Charges for Services 422,090 Other Revenues 202,802 Subtotal General Fund Revenues 11,153,681 OTHER FUNDING SOURCES Litigation Reserve 100,000 DocuSign Envelope ID: C7210A85-1A6B-4A8F-B2BB-E06D366AB66E Page 2 of 4 Town Council Resolution No. 27-2021 06/16/2021 Self-Insurance Reserve 125,000 Low/Moderate Housing Fund 11,249 Town Owned Housing Fund 106,799 Peninsula Library Agency 1,789,912 Long Range Planning Fund 355,000 Street Impact Fund State Gas Tax 110,000 Measure “A” Sales Tax Parks 75,000 Park Development & ORT 40,000 Infrastructure & Facility Replacement 150,000 Capital Equipment Replacement 130,000 Technology Fund 251,200 Paula Little Flower 8,000 Cypress Hollow Fund 37,000 Total Revenues & Sources $3,289,159 Section 1b. Operating Expenditures Appropriation – Planned Department expenditures for fiscal year 2022: ADMINISTRATION Town Administration 1,487,530 Town Attorney 431,050 Legislative 81,900 Administration Building 284,050 COMMUNITY DEVELOPMENT Planning & Design Review 724,373 Building Inspection 648,829 Advanced Planning 355,000 POLICE Police Department 4,062,601 Police Building 74,470 PUBLIC WORKS Administration 678,383 Streets Maintenance 886,768 Parks Maintenance 955,640 Street & Signal Light Maintenance 52,500 Corporation Yard 112,720 Cypress Hollow 37,000 NON-DEPARTMENTAL Insurances & JPAs 1,289,612 Self-Insurance 125,000 Low-Moderate Income Housing 11,249 DocuSign Envelope ID: C7210A85-1A6B-4A8F-B2BB-E06D366AB66E Page 3 of 4 Town Council Resolution No. 27-2021 06/16/2021 Town Owned Housing 106,799 Infrastructure & Facility Replacement 150,000 Belvedere/Tiburon Library Agency 1,789,912 Total Expenditures: $14,345,387 Section 2. Capital Improvement Program – Sources of Funding for Planned Streets, Drainage and Community Development Improvements in fiscal year 2022: SOURCES PROJECTS General Fund 0 General Fund Parks 71,900 GF Streets & Drainage 105,200 GF Reserve - Infrastructure 348,000 TAM SR2S Grant 354,208 State Per Capita Grant (Parks) 178,000 State Gas Tax 578,000 Measure A/AA 411,798 RMRA (SB1) 349,939 Street Impact Mitigation 220,000 Town Owned Housing Units 60,000 STREETS Pedestrian Improvements 25,000 Bicycle Improvements 25,000 Hawthorne Resurfacing 364,237 Class III Bikeway-Greenwood Beach 10,000 Safe Routes to School-Del Mar 354,208 Pavement Maintenance & Rehabilitation 1,085,500 Contingency Provision 2020 Paradise Drive Subtotal Streets Improvements 1,863,945 DRAINAGE Storm Drain Maintenance & Rehabilitation 50,000 Railroad Marsh Basin Rehabilitation 75,200 Old Rail Trail Culvert Replacement 30,000 Subtotal Drainage Improvements 155,200 COMMUNITY IMPROVEMENTS Improve Town Condominiums 60,000 Town Hall HVAC Rehabilitation 323,000 Recreation Building Transfer Switch 25,000 Elephant Rock Rehabilitation 27,900 DocuSign Envelope ID: C7210A85-1A6B-4A8F-B2BB-E06D366AB66E Page 4 of 4 Town Council Resolution No. 27-2021 06/16/2021 Elephant Rock Rehabilitation 139,500 Open Space Trailhead Improvements 7,700 Lyford Tower Repairs 15,000 Tether Park Tennis Court Rehabilitation 21,300 Subtotal Community Development Projects 657,900 Total Capital Improvements $2,677,045 $2,677,045 Section 3. Debt Service Program – Planned Debt Service and related expenses for special assessment, community facilities districts, and general obligation bond issues of the Town are as previously planned: BOND ISSUE AMOUNT 2016 Consolidated Reassessment District 620,373 TPFA 2016 Refunding Revenue Bonds 619,790 Virginia Underground District, Series A 38,600 Virginia Underground District, Series B 40,228 Total Debt Service $1,318,991 IT IS FURTHER RESOLVED that the Town Manager may make adjustments and activities within the budget provided that no increase or diminishment in salaries result other than that provided by the Town’s Personnel System and Master Salary Program, or as authorized by the Town Council, and provided that no expenditure or encumbrance contingent on contract agreement, or other engagement requiring approval of the Town Council shall be made until such contract is first approved by the Town Council. PASSED AND ADOPTED at a special meeting of the Town Council of the Town of Tiburon on June 16, 2021, by the following vote: AYES: COUNCILMEMBERS: Fredericks, Ryan, Thier, Welner NOES: COUNCILMEMBERS: None ABSENT: COUNCILMEMBERS: One Vacant Seat ____________________________________ HOLLI THIER, MAYOR TOWN OF TIBURON ATTEST: ___________________________________ LEA STEFANI, TOWN CLERK DocuSign Envelope ID: C7210A85-1A6B-4A8F-B2BB-E06D366AB66E