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02-07-2012 - General Fund Subsidy of 4th of July Celebration• • City of West Covina Memorandum FM FROM: Andrew G. Pasmant, City Manager and City Council Chris Freeland, Deputy City Manager AGENDA ITEM NO. 1 Sd DATE February 7, 2012 SUBJECT: GENERAL FUND SUBSIDY OF 4`h OF JULY CELEBRATION RECOMMENDATION: It is recommended that the City Council cancel the 2012 City of West Covina 4`h of July Celebration. On Thursday, December 29, 2011, the California Supreme Court upheld Governor Jerry Brown's elimination of redevelopment agencies. The elimination of West Covina's Community Development. Commission (CDC) will have an immediate impact on the City's budget. The projected budget deficit of the City's General Fund budget for Fiscal Year 2012-2013 could increase from $3.8 million to $8.6 million. In response to the recent court decision, the City is being forced to reduce and eliminate programs funded by the General Fund in order to reduce the projected budget deficit. Layoffs of City personnel may also be a future consideration. For several years, the City of West Covina has partnered with the Muscular Dystrophy Association (MDA) for the City's Annual 41h of July Celebration at Edgewood School. The MDA utilizes this event as a fundraiser that raises thousands of dollars for the charity from food, crafts, vendor booths, as well as a large carnival. The City sponsors the fireworks and entertainment show, provides police personnel for security, restrooms, miscellaneous rentals, school district clean-up fees, etc. The total cost to the City is approximately $65,000 ($46,700 in General Fund and $18,300 in Police Grant funding). The City offsets approximately $6,000 of these costs from the $1.00 admission fee charged to spectators wishing to watch the entertainment show from the school grounds. City staff is recommending the cancellation of the 2012 41h of July Celebration, which will save the City approximately $65,000 ($46,700 in General Fund and $18,300 in Police Grant funding). ALTERNATIVES: 1) Authorize the 2012 4`h of July Celebration at a cost of $65,000 ($46,700 in General Fund and $18,300 in Police Grant funding). 2) Provide alternate direction. FISCAL IMPACT: Annually the City of West Covina expends approximately $65,000 ($46,700 in General Fund and $18,300 in Police Grant funding) for the 41h of July Celebration, with the potential to offset the cost by $6,000 in admission fees for the celebration. At this time, the City of West Covina will still be holding the 2012 EggCelebration and 2012 Memorial Day community events, which are both fully funded by a donation from the Castucci Foundation. Prepared by: Chris Freeland Deputy City Manager