HomeMy WebLinkAboutTC Res 2007-06-20 (2)
RESOLUTION NO. 34-2007
A RESOLUTION OF THE TOWN COUNCIL OF
THE TOWN OF TIBURON ADOPTING A MUNICIPAL
BUDGET PLAN FOR THE TOWN OF TIBURON AND
THE TIBURON REDEVELOPMENT AGENCY FOR
THE FISCAL YEAR ENDING JUNE 30. 2008
WHEREAS, the Town Council conducted a Public Hearing concerning the
proposed Municipal Budget Plan for fiscal year 2008 at it regularly scheduled meetings
of Wednesday, June 6, 2007 and June 20, 2007; 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 2008; 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, debt services, and the Redevelopment
Agency in the following amounts:
Section 1. Operating Budget Program - The proposed Plan has sufficient
resources to finance the planned expenditures:
Revenues and Funding Sources $8,902,062
Expenditures 8,769,571
Total Operating Net: $ 132,491
Section 1 a. Operation Revenue Appropriation - Estimated Revenues and
Sources of Funds for fiscal year 2008
GENERAL FUND
Property Taxes $3,065,085
Other Taxes 1,233,250
Franchise Fees 441,550
Fines & Forfeitures 169,400
Investment Earnings 375,000
Intergovernmental & Agency 708,525
Licenses & Permits 989,700
Charges for Services 356,600
Other Revenues 92,997
Subtotal General Fund Revenues $7,432,107
OTHER FUNDING SOURCES
Employee Compensated Leave $ 20,000
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Low/Moderate Housing Fund 4,375
Town Owned Housing Fund 49,400
Peninsula Library Agency 1,265,680
Police COPS/SLESF Fund 100,000
Cypress Hollow Fund '^ 15,500
Long Range Planning Fund 15,000
Total Revenues & Sources $8,902,062
.
Section lb. General Fund Expenditures Appropriation - Planned Department
expenditures for fiscal year 2008:
AMOUNT
ADMINISTRATION
Town Attorney $ 412,049
Town Administration 1,135,861
Administration Building 73,100
Non-Departmental 1,319,455
Legislative 47,000
COMMUNITY DEVELOPMENT
Planning & Design Review $ 576,726
Building Inspection 626,319
Advanced Planning 15,000
POLICE
Police Department $2,906,409
Police Building 60,800
PUBLIC WORKS
Administration $ 535,651
Streets Maintenance 491,432
Parks Maintenance 402,669
Street & Signal Light Maintenance 48,000
Corporation Yard 103,600
Cypress Hollow 15,500
Total Expenditures: $8,769,571
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Section 2. Capital Improvement Program - Sources of Funding for Planned Streets,
Drainage and Community Development Improvements in fiscal year 2008:
SOURCES PROJECTS
Del Mar Assessment District 6,701,099
Infrastructure & Facility Fund 204,000
Circulation System Improvement Fund 105,000
Gas Tax Fund 280,000
General Fund Streets & Drainage Reserve 570,000
Drainage Impact Fund 100,000
General Fund Open Space Management Reserve 20,000
Street Impact Fund 1,208,000
General Fund 10,000
PW Corporation Yard Improvement Fund 100,000
TEA Grant 87,000
Per Capita Grant 45,000
Measure A Funds 75,000
General Fund Park Development Fund 171,000
Non-Motorized Transportation Grant 250,000
STP Grant 112,000
STREETS
Resurfacing
Engineering & Administration $1,675,000
Traffic Safety Improvements 225,000
Subtotal Streets Improvements $1,900,000
DRAINAGE
Culvert Rehabilitation/Replacement 160,000
Storm Drain Master Plan 65,000
Catch Basin/Inlet Repairs 20,000
Construction Administrative & Inspection. 65,000
Drainage Improvements 200,000
Subtotal Drainage Improvements $ 510,000
COMMUNITY DEVELOPMENT
Del Mar Valley Utility Undergrounding 6,761,099
Sidewalk & Curb Ramps (ADA Compliance) 30,000
MUP Improvements @ A venida Miraflores 237,000
Replace Tiburon Blvd. Street Light Shades 100,000
Public Works Corporation Yard Master Plan 100,000
MOP Enhancements with MMWD Project 66,000
Gilmartin/Atkinson Fire Road Repairs 10,000
Railroad Marsh Maintenance 40,000
Walking Lane Improvements 250,000
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Police Department Exterior Painting 35,000
Informational Signage 30,000
Resurfacing Beach Road Tennis Courts 9,000
Open Space Management Master Plan 20,000
Subtotal Community Development Projects $ 7,728,099
Total Capital Improvements $10,098,099 $10,098,099
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
Linda Vista Undergrounding District 7,177
Main Street Assessment District 39,801
Pt. Tiburon Community Facilities District 131,981
Stewart Drive Assessment District 107,313
Tiburon Public Facilities Financing Authority 140,410
Via Capistrano Assessment District 17,347
Lyford Cove Assessment District 368,430
Del Mar Valley Assessment District 273,518
Total Debt Service $1,085,707
Section 4. Redevelopment Agency Budget Plan - The following tables provide
overview information for the general increment and Housing Set-Aside Funds of the
Redevelopment Agency in fiscal year 2007.
Redevelopment General Increment Fund:
AMOUNT
Revenues & Sources $ 9,000
Expenditures 3,000
Total Operating Net $ 6,000
Redevelopment Agency Housing Set-Aside Fund:
AMOUNT
Revenues & Sources $ 25,000
Expenditures 2,500
Total Operating Net $ 17,500
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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 regular meeting of the Town Council of the Town
of Tiburon on June 20, 2007, by the following vote:
AYES:
NOES:
ABSENT:
COUNCILMEMBERS:
COUNCILMEMBERS:
COUNCILMEMBERS:
Berger, Gram, Slavitz
None
dericks, Smith
r
ATTEST:
D~A
D E CRA IAC~WN CLERK
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