HomeMy WebLinkAboutTC Res 2006-06-21 (4)
RESOLUTION NO. 30-2006
A RESOLUTION OF THE TOWN COUNCIL OF
THE TOWN OF TffiURON ADOPTING A MUNICIPAL
BUDGET PLAN FOR THE TOWN OF TffiURON AND
THE TffiURON REDEVELOPMENT AGENCY FOR
THE FISCAL YEAR ENDING JUNE 30. 2007
WHEREAS, the Town Council conducted a Public Hearing concerning the
proposed Municipal Budget Plan for fiscal year 2007 at it regularly scheduled meeting of
Wednesday, June 7, 2006 and on Wednesday June 21,2006; 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 2007; 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 $8,689,114
Expenditures 8,456,971
Total Operating Net: $ 232,143
Section 1 a. Operation Revenue Appropriation - Estimated Revenues and
Sources of Funds for fiscal year 2007
GENERAL FUND
Property Taxes $2,957,450
Other Taxes 1,133,150
Franchise Fees 415,090
Fines & Forfeitures 195,000
Investment Earnings 280,000
Intergovernmental & Agency 714,300
Licenses & Permits 954,500
Charges for Services 334,200
Other Revenues 90,000
Subtotal General Fund Revenues $7,073,690
OTHER FUNDING SOURCES
Employee Compensated Leave $ 39,500
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LowlModerate Housing Fund 7,500
Town Owned Housing Fund 45,300
Peninsula Library Agency 1,211,000
PERS Surplus Asset 195,124
Police COPS/SLESF Fund 100,000
Cypress Hollow Fund 1 7,000
Total Revenues & Sources $8,689,114
Section 1 b. General Fund Expenditures Appropriation - Planned Department
expenditures for fiscal year 2007:
AMOUNT
ADMINISTRATION
Town Attorney $ 324,464
T own Administration 1,060,675
Administration Building 61,100
N on- Departmental 1,263,800
Legislative 48,500
COMMUNITY DEVELOPMENT
Planning & Design Review $ 552,456
Building Inspection 677,587
POLICE
Police Department $2,873,297
Police Building 94,900
PUBLIC WORKS
Administration $ 514,245
Streets Maintenance 475,293
Parks Maintenance 341,654
Street & Signal Light Maintenance 46,000
Corporation Yard 106,000
Cypress Hollow 1 7,000
Total Expenditures: $8,456,971
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Section 2. Capital Improvement Program - Sources of Funding for Planned Streets,
Drainage and Community Development Improvements in fiscal year 2007:
SOURCES PROJECTS
Lyford Cove Assessment District $5,556,630
Del Mar Assessment District 6,901,099
Infrastructure & Facility Fund 395,000
Circulation System Improvement Fund 85,000
Gas Tax Fund 530,000
General Fund Streets & Drainage Reserve 395,000
Drainage Impact Fund 100,000
Parks In-Lieu Fund 20,000
Public Art Fund 100,000
Street Impact Fund 1,386,000
General Fund 154,000
PW Corporation Yard Improvement Fund 100,000
TEA Grant 87,000
Per Capita Grant 45,000
Planning Area Mitigation Fund 100,000
General Fund Park Development Fund 100,000
Traffic Congestion Relief Fund 80,000
Tiburon Fire District 20,000
Cypress Hollow Fund 25,000
Gilmartin Drive Fund 30,500
STP Grant 112,000
STREETS
Resurfacing $1,842,500
Engineering & Administration 296,000
Traffic Safety Improvements 335,000
Subtotal Streets Improvements $2,473,500
DRAINAGE
Culvert RehabilitationlReplacement 130,000
Storm Drain Master Plan 80,000
Catch Basin/Inlet Repairs 20,000
Construction Administrative & Inspection 40,000
Beach Road Drainage Improvements 75,000
Subtotal Drainage Improvements $ 345,000
COMMUNITY DEVELOPMENT
Lyford Cove Utility Undergrounding $ 5,606,630
Del Mar Valley Utility Undergrounding 6,951,099
Sidewalk & Curb Ramps (ADA Compliance) 20,000
Fountain Plaza Public Art Installation 100,000
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Fountain Plaza Improvements 295,000
MUP Improvements @ A venida Miraflores 187,000
Elephant Rock Pier Rail Foundation 20,000
ADA Transition Plan 35,000
Replace Tiburon Blvd. Street Light Shades 35,000
Public Works Corporation Yard Master Plan 100,000
Rehabilitate Ferry Plaza Wood Cap Rails 30,000
Cypress Hollow Park Playscape Resurfacing 25,000
Zelinsky Landing Sign 14,000
MUP Enhancements with MMWD Project 45,000
Gilmartin! Atkinson Fire Road Repairs 40,000
Subtotal Community Development Projects $13,503,729
Total Capital Improvements $16,322,229
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 8,160
Main Street Assessment District 39,780
Pt. Tiburon Community Facilities District 133,440
Stewart Drive Assessment District 108,765
Tiburon Public Facilities Financing Authority 141,990
Via Capistrano Assessment District 16,810
Lyford Cove Assessment District 230,700
Del Mar Valley Assessment District 270,250
Total Debt Service $ 949,895
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 4,500
Total Operating Net $ 4,500
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Redevelopment Agency Housing Set-Aside Fund:
AMOUNT
Revenues & Sources $ 25,000
Expenditures 5,500
Total Operating Net $ 19,500
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 21,2006, by the following vote:
AYES:
NOES:
ABSENT:
COUNCILMEMBERS:
COUNCILMEMBERS:
COUNCILMEMBERS:
Berger, Fredericks, Gram, Slavitz, Smith
None
None
---------
PAUL SMITH, MA YOR
TOWN OF TffiURON
ATTE'fYJ/l1} I
Y/rWrJY~~-
DIANE CRANE :ACOPI, TOWN CLERK
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