02-03-2009 - 2008/2009 FY Mid-Year Budget Update•
• City of West Covina
MEMORANDUM
TO: Andrew G. Pasmant, City Manager
and City Council
FROM: Tom Bachman, Assistant City Manager
AGENDA
Item No.:
Date:
SUBJECT:' 2008-09 FISCAL YEAR MID -YEAR BUDGET UPDATE
RECOMMENDATION:
It is recommended that the City Council receive and file this report.
DISCUSSION:
2008-09 BUDGET — MID -YEAR UPDATE
D-5d
February 3, 2009
General Fund
The City adopted a General Fund Budget that contained a $2.1 million deficit. This deficit was
reduced from a preliminary deficit of $7.9 million by eliminating two departments, reducing all
department budgets by five percent, and implementing onetime items such as prepaying the
City's retirement contribution to PERS, transferring the debt service for the Cameron Center
bonds out of the General Fund into the Park Development Fees Fund, and reducing charges to
the General Fund from the self-insurance funds. A total of 23 positions were either eliminated or
frozen during the adoption of the budget.
Carryovers totaling $410,018 from the 200.7-08 fiscal year are added to the 2008-09 fiscal year
budget. Of that total carryover amount, $147,071 was for the purchase of the fire department
ambulance and $106,410 was for capital projects. The balance of the carryovers was for
obligations entered into by the various departments. These carryovers resulted in savings in the
2007-08 budget. There was also one additional appropriation of $2,000 for sponsorship of
Veterans and Memorial Day programs. The carryovers and the additional appropriation
increased the deficit to $2.6 Million.
A number of significant economic events occurred during the first three months of the fiscal year
that have had a profound negative effect on the state and local economy. The effects of these
events will exist through this fiscal year and are projected to carry through the next fiscal year
before any significant recovery begins. They have affected many of the City's revenues such as
building permit fees, transient occupancy taxes, property transfer taxes, and vehicle license fees.
The biggest effect though, has been to sales tax. Despite the opening of the West Covina
Heights commercial center, sales tax revenues are anticipated to decrease in the current year due
to auto sales continuing to drop; a significant weakening in retail sales; store closures such as
Wickes, Levitz, and Mervyn's; and the impending closure of the Circuit City store. As a result,
sales tax is expected to fall short of its revenue estimate by $1.5 million.
Property tax is the General Fund's largest revenue source generating about 33% of total revenues
and has continued to show solid growth despite the downturn in the real estate market. It is
however, expected to flatten out in the coming years. A more detailed discussion of the top 10
General Fund revenues is provided in Attachment 1 to this report.
The sales tax shortfall and other revenue decreases will increase the current year General Fund
deficit to almost $3.9 million. In order to offset this increase in the deficit, the City Manager has
directed departments to review and implement additional budget cuts in the current fiscal year.
Staff has proposed that the City sell $1 million of Prop A Transit funds for $750,000 of
unrestricted general fund dollars. This sale will reduce the current year General Fund deficit by
$750,000. A separate report is on this Council agenda to approve the agreement related to that
sale. The City will also realize savings of anywhere from $350,000 - $500,000 on its variable
rate bond debt service payments due to historically low interest rates. The flipside of the low
interest rates is that the City will earn less on its investments, but the loss of interest income will
be far less than the savings on the debt service. Considering the items mentioned above and the
fact that many revenue sources are still very volatile, it. is estimated that the General Fund deficit
for the current year would be in the $2.5 - $3.0 million range.
The table below presents a summary of revenues and expenditures through December 311 2008.
The City receives a large portion of its revenue in the latter part of the year and cash flow from
the General Fund reserve during the first half of the fiscal year. As of December 31, 2008, the
General Fund had received only 30.9 percent of its estimated revenues and had spent $11.5
million more than it had received in revenues. As the City continues to spend down its reserves,
it is anticipated that it will no longer have adequate reserves to provide that cash flow in future
years.
IM i'�5f j� g
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Total Revenues
52,146,190
52,154,190
16,111,599
36,042,591
30.9%
otal Expenditures
54,313,274
54,733,292
27,577,100
27,156,192
50.4%
Budget Su lus/ Deficit
2,167,084
2,579,102
11,465,501
Other Funds t
Other funds have also been affected by economic conditions. Special revenue sources which
fund specific types of services, are also experiencing declines. Prop A Transit, Prop C Transit,
Prop 172 Public Safety Augmentation, and Prop 42 transportation funds are also based on sales
tax revenues but are distributed using different allocation methods and while they will be down
this year, the decreases will not be as severe as the General Fund sales tax. Gas Tax is another
revenue that has struggled over the last couple of years. This revenue is based on an flat 18 cent
per gallon tax and is allocated to cities based on population. Gas Tax revenue has been flat in
recent years and with the drop in demand for gasoline as a result of high fuel prices, and more
recently as a result of the poor economy, this revenue has shown a drop of approximately 15
percent. This revenue source provides funding for the City's street maintenance program and
while not a General Fund revenue, any reduction in this revenue either means a cut in service or
the costs must be absorbed by the General Fund.
In the redevelopment budget, assessed valuations have shown strong growth in all project areas
for this fiscal year which will lead to increases in tax increment revenues. Unfortunately, the
state has mandated that $1.3 million be shifted to the ERAF fund as part of their 2008-09 budget.
Staff will be bringing forth a recommendation at the Community Development Commission
meeting on February 17, to borrow Housing Set -Aside funds to make that payment.
Additionally, recent legislation has required redevelopment agencies to submit a report to its
county auditor reporting the statutory pass -through payments made by the agency for fiscal years
2003-04 through 2007-08. These reports have highlighted a dispute that has existed for many
years between counties and redevelopment agencies over the method of calculating pass -through
payments. The legislation requires the CDC to pay the additional amounts to school districts and
the ERAF fund based on the county's calculation, even though this amount is disputed. The
California Redevelopment Association is leading efforts to seek either clarification from the
State Controller's Office or new legislation on the correct method of calculation. Regardless, the
CDC will have to pay an additional $221,739 this year or face significant financial ramifications,
until this matter is resolved.
2009-10 BUDGET OUTLOOK
Next year, the City's budget situation will become more challenging. In addition to the
economic conditions facing the City of West Covina and all cities in California, the City will not
be able to take advantage of some of the one-time reductions next year that existed in the current
fiscal year. The City will also experience $1.4 million in additional costs next year due to
contractual obligations for public safety MOUs. As a result, the City's General Fund budget
deficit will significantly increase next year from the $2.1 deficit in the 2008-09 Adopted Budget.
This deficit number ,will become more precise in early March upon completion of the
expenditure side of the budget. Staff has already begun the process of preparing the 2009-10
budget. In order to mitigate the growth of the budget deficit and the resulting draw down of the
City's cash reserves, staff is moving forward with a balanced approach that consists of new
revenue sources, new and increased fees where practical, further reductions to department
budgets, and deferral of capital and vehicle purchases.
Staff will begin having informal discussions with all bargaining groups to examine possible
employee concessions as an additional way to reduce the budget deficit. Current staff is already
experiencing the impacts and stress of personnel reductions due to the additional workload and
responsibilities resulting from the restructuring of City Hall. However, with personnel costs
accounting for 83 percent of the General Fund Budget, it seems prudent to meet with the
bargaining groups in an effort to preserve jobs, avoid layoffs, and minimize the impacts that
further service reductions will have on the community.
ADDITIONAL ISSUES
Reserve Levels
Given the severity of the current economic conditions and the City's continued use of reserves to
balance the budget, closer attention must be given to reserve levels. Below is a chart showing
the use of fund balance over a ten-year period that includes projections for both the current year
and next year. The projection assumes a $2.5 million deficit in the current year and a larger
deficit in the upcoming year. At June 30, 2000, the General Fund had a total reserve of $58
million with a cash reserve of $40 million. Using the assumptions noted above, the General
Fund will have a total reserve of $31 million at the end of the 2009-10 fiscal year and a cash
reserve of $8.7 million. The City does not have a specific reserve policy but did establish a
guideline in the early 1990's for a $10 million unreserved, undesignated fund balance. The City
would fall below this threshold under the scenario above.
GENERAL FUND RESERVE
$70,000,000
$60,000,000�
$50,000,000
r
�
3y
h
b
$40,000,000
$30,000,000
3,
$20,000,000
a� 6
1
$10,000,000
p�e5
"1`�Y,.
3y$,': �.?dbass
1999/00 2000/01 2001/02
2002/03 2003/04 2004/05 2005/06 2006/07 2007/08 2008/09 2009/10
Actual Actual Actual
Actual Actual Actual Actual Actual Actual Est.
Projctd
Available Fund Balance ■ Resemd Fund Balance
General Fund Structural Imbalance
Staff believes that, while a dedicated local tax revenue will ultimately be needed to solve the
City's structural imbalance and restore the services that were reduced in the current year and will
be further reduced in the upcoming year, now is not the time for a tax increase considering the
current condition of the economy and the effects a tax would have on taxpayers and the
community.
Retirement Benefits Funding
Finally, the City faces two additional issues in funding retirement benefits. The City had an
actuarial valuation performed two years ago that determined the City has a $37 million unfunded
liability for retiree medical benefits. The City will have another valuation performed this year as
required by GASB 45, and as a result of increases in retiree medical benefits granted since that
last valuation, it is believed the unfunded liability will increase. It would be prudent to consider
pre -funding this liability, which will ultimately reduce the long-term cost of the benefit and will
also result in higher expenditures in the near term. Additionally, CalPERS has experienced
significant -losses in its investment portfolio as a result of the downturn in the stock market.
PERS has indicated that if they experience a 20 percent loss during the current fiscal year, the
employer rates would increase by 2 percent — 5 percent in fiscal year 2011-12. As of November
2008, Ca1PERS had experienced a 24 percent loss for the fiscal year.
CDC Loss of Tax Increment Revenue
The CDC also faces the potential loss of $2 million annually in tax increment revenues in the
Merged Project Area. This results from the county taxing entities terminating the deferral of
their share of tax increment in the Eastland Amendment sub -area, which expires at June 30,
2010. This will require a restructuring of the CDC debt to avoid a negative cash flow situation.
Staff has had preliminary discussions with the county regarding a plan to issue bonds in 2010 to
repay the amount previously deferred by the county taxing entities, which is estimated to be $10
million at that time which we believe should help stabilize the CDC.
Economic Development Goals
The City has suffered significant sales tax losses in its retail base as a result of the downturn in
the economy and the closure of several stores. While credit is currently still tight and potential
commercial tenants are very cautious, the primary focus of staff will be to work with existing
property owners to assist in filling the vacancies caused by the store closures, especially the
major centers.
Prep ed by: Tom Bachman
Assistant City Manager
Attachments No. 1 2008-09 General Fund Revenue and Expenditure Summary
No. 2 2008-09 Non -General Fund Revenue and Expenditure Summary
0
0
Attachment 1
2008-09 .GENERAL FUND REVENUE AND EXPENDITURE SUMMARY
Shown below is a summary of the 2008-09 adopted budget with revenues and expenditures
through the month of December (50 percent of the year). Certain of the larger revenue
sources are running well below the 50 percent mark due to timing of when revenues are received
during the fiscal year. Sales Tax will fall short of its revenue estimates and it appears that
Transient Occupancy Tax, Building Permit Fees, and Vehicle License Fees will also fail short.
The top ten revenues are discussed below.
Y ,�� �� � Z .:V�
� stm
§. � .: Y w�''�x^�
17,188,000
1�, L 1e' y� _' S �
17,188,000
&i'' q `is f3 •3 ly 3 5.+j,���?
4,103,496 13,084,504
'k. : $ u
23.9%
Property Tax
33.0%
Sales Tax
27.8%
14,500,000
14,500,000
4,589,728
9,910,272
31.7%
Interest
6.3%1
3,285,000
3,285,000
1,614,396
1,670,604
49.1%
Franchise Tax
6.0%1
3,121,000
3,121,000
492,348
2,628,652
15.8%
Overhead Char ebacks
4.0%1
2,060,000
2,060,000
989,718
1,070,282
48.0%
Ambulance Service
3.1%1
1,635,000
1,635,000
715,687
919,313
43.80o
Business License Tax
3.1%
1 1,610,000
1,610,000
226,532
1,383,468
14.1%
Sales Tax Reimbursement
3.00/6
1,588,000
1,588,000
0
1,588,000
0.0%
Transient Occupancy Tax
2.1%
1,090,000
1,090,000
376,181
713,819
34.5%
Other Revenues
8.9%
4,644,190
4,652,190
2,249,763
2,402,427
48.4%
Transfers In
2.7%
1,425,000
1,425,000
753,750
671,250
52.9%
Total Revenues
-100.0%
52,146,190L
52,154,1901
16,111,599
36,042,591
30.9%
Property taxes — Property tax revenues, which include the Supplemental in Lieu of VLF
amount, make up 33 percent of General Fund revenues. Early indications are that this revenue
source will once again exceed its budget estimate. although not at the pace we have seen in recent
years. This excess will be the result of additional redemption taxes as well as an increase in the
Supplemental in Lieu of VLF amount beyond what was projected. The VLF property tax
amount is the single largest component of property tax revenues and now makes up 50 percent of
total property tax revenues. This revenue does not begin flowing into the City until January of
each fiscal year and is the reason why property taxes are only at 23.9 percent. The surplus in
property taxes should offset a small portion of the sales tax shortfall. Total property taxes are at
$4,103,496 through December as compared to $3,871,083 for the same period last year.
Sales Tax — Sales tax revenues, which include the triple flip amount, are at $4,589,728, or 31.7
percent of its budget estimate through the first six months of the year. This amount is 0.8 percent
lower than the same period last year. The percentage of budget amount is mainly a reflection on
the timing of when revenues are received, but also reflects the slowdown in the new auto and
retail sectors of the economy. This amount does not include fourth quarter receipts, which is
typically the largest quarter, the sales tax transfer from the Fashion Plaza CFD, or any receipts
for the triple flip. The triple flip accounts for 25 percent of all sales tax revenues and does not
begin flowing into the City until January of each fiscal year. The fact that this year's amount is
lower than last year's, despite the opening of the West Covina Heights shopping center, is the
larger concern and reflective of the downturn in the economy and the closure of several large
stores. Total sales tax revenues were down 4.15 percent for the third quarter of 2008, the most
recent quarter for which data is available. This follows a 4.28 percent decline for the four
quarters ending June 30, 2008.
Interest — Interest income is pretty close to where it should be at this time of the year. $2.7
million (81 percent) of all interest income in the General Fund comes from loans to the
redevelopment agency. Those rates are set in the agreements between the City and the CDC.
Due to the negative cash flow that the City experiences in the first six months of the fiscal year,
interest on the remaining City investments is largely not received until the second half of the
year. With the turmoil in the financial markets and the downturn in the economy, the Federal
Reserve has continued to cut interest rates, which has a negative effect on City investment
returns.
Franchise Tax - Franchise tax receipts are only at 15.8 percent due to the fact that large
payments from the utilities are not received until later in the year and only one quarter's payment
has been received from both Athens Disposal and Charter Cable. This revenue source should
meet its budget estimate for the fiscal year.
Overhead Chargebacks - These are budgeted chargebacks to various department and funds that
receive external funding. This revenue source should meet its budget projection.
Ambulance Service - Ambulance transport revenues for the first six months are $715,687 or
43.8 percent of their revenue estimate with only five months of revenue received to date.
Revenues for the same period last year were $627,799. This revenue source should meet its
budget estimate for the fiscal year.
Business License Tax - Business license revenues are only at $226,532 (14.1 percent) due to
most revenue from this source being due in January. This amount was $239,482 at this time last
year.
Sales Tax Reimbursement -This revenue source reimburses the General Fund for current year
and prior ` year sales tax revenues that have been diverted to the Community Development
Commission for repayment of the, CFD bonds. The Current year portion will not meet its budget
estimate due to sales declines at the Mall. The entire annual amount is repaid at the end of the
fiscal year.
Transient Occupancy Tax - Transient occupancy taxes are at $376,181 (34.5 percent) and only
include five months payments. This is almost 15 percent below last year's total of $438,654 at
the same time of year. This revenue source will most likely not meet its budget estimate.
Other Revenues - This revenue source contains all other revenues and is at $2,249,763 (48.4
percent) for the year. This is down from last year's total of $2,308,128 at the same time of year.
Fund Transfers - This revenue source includes transfers from the Traffic Safety, Public Safety
Augmentation and West Covina- Service Group Funds. This revenue source should be very close
to its budget estimate for the year.
A chart of expenditures for 2008-09 is shown below.
City Council
0.5%
b
278,747
_ 287,91C
124,483
163,427
43.2%
General Administration
2.3%
1,222,866
1,224,211
491,958
732,259
40.2%
City Clerk
1.20/6
667,288
667,288
213,567
453,720
32.0%
finance
4.3%1
2,357,473
2,365,622
1,244,408
1,121,214
52.6%
Human Resources
1.1%
583,959
588,639
301,103
287,536
51.2%
Planning
1.2%
658,016
668,304
266,364
401;940
39.9%
Police
48.2%
26,166,467
26,176,980
13,480,930
12,696,051
51.5%
Fire
27.30/6
14,824,296
14,986,811
7,687,311
7,299,499
51.3%
Communications
0.1%
52,501
52,501
60,680
8,179
. 115.6%
Public Works
9.6%
5,199,012
5,270,95.7
2,542,432
2,728,525
48.2%
Community Services
1.8%
959,088
977,060
484,541
492,519
49.6%
Environmental Management
0.0%
1,207
105
861
756
821.4%
Transfers Out
2.5%
1,342,355
1,342,355
671,178
671,177
50.0%
Total Operating Budget
54,313,274
54,608,748
27,569,817
27,038,931
50.5%
Net Operating Budget
Surplus/(Deficit)
(2,167,084
2,454,558
11,458,218
9,003,660
Capital Projects Total
0.0%
0
- 124,543
7,283
117,261
5.8%
General Fund Budget Total
100.0%
54,313,27
54,733,2921
27,577,1001
27,156,192
50.4%
•
0
Many of the departments are on track at this point in the year to stay within their budgets. Of
those departments that are slightly higher than where they should be, some are because of the
timing of certain expenditures that occur in the first half of the fiscal year and the others are
making adjustments to their expenditures to bring their budgets back in line. Finance
Department staff is working closely with all departments to make sure budgets are closely
monitored. All departments are expected to meet their budgetary goals over the course of the
fiscal year.
0 •
Attachment 2
City of West Covina
REVENUE AND EXPENDITURES
NON -GENERAL FUNDS_ ONLY
12-31-2008
----_-..
__..._ .-_._ - --------_.---_----.._
_.--_ --_--- ---.-- .-------------
REVENUE
_
.....
._____.._-- -
EXPENDITURES
----------__
------
Adjusted
As of 12-31-08
Percent
_....
Adjusted
....
As of 12 31-OS
Percent
..........
- - .... ........... . .... _.........- _.. ............ ....I.-
_- .
Estimate
report 409
of
Budget
report runt .409
of .. ......
FUNDS
FUND DESCRIPTION
. ......
FY 08 09
................_ . .. .. ..
_...
Estimate
FY 08-09
Budget
_....
............ ...........
SPECIAL REVENUE FUND TYPES
........_ _........_
..---__.. ..._...._..._._
__._.
".-
_...__
11
. ._
i l l
FEE & CHARGE
1,415,779
589,948
41 7%
:: ':
1,461,826
631,367
-
43.6%
116
............_....._. ..............-...... _._............
STATE ASSET FORFEITURES
..
.._...._ _..
7000
.__
3,636
519%
..:
_ ._
#DIV/01
_ ......._......
117
..__... ._..-......_.. ,. ..,."..".-I .._ -_ .
DRUG ENFORCEMENT REBATEI'll
_-_.. . - __..._..
7,000
394,821
56403%
..::
#DIV/01
118
BUSINESS IMPROVEMENT TAX
272
#DIV101
7,175
00%
119
- - -. . _ .. ......... .............
AIR QUALITYIMPROVEMENTTRUST
132000
69,488
526%
203,770
---
83,086
- _
40.8%
120
INTEGRATED WASTE MANAGEMENT
68000
17,292
254%
.
132,869
_-.._ .
86,528
651%
i 121
1.
PROPOSITION"A"
1984766
1059,749
534%
2619134 ......_.
.. . 1259,654
481%
122
PROPOSITION"C"
1,508,846
761,501 _
--_ _ 505%...`;
_
1,826.402
_. -. --.--
_ 580,921
^ 318%
__
123
_._.. .._..-__.. _ _ __..-_.-........_
TRAFFIC SAFETY
_...-__
975,000
__ ....._ .___.._ _ __ _
425,259
43 6%
-
1,003,702
447,314
44.6%
:=
124
----._ _-_- _-
GASOLINE TAX
______
_
2 100 000
.__
786,477
37 5% ...-
:
2 094 636
848,475
40.5%
125
..... __. ....._......... _. . .._._.... .. ...........
PROP42TRAFFICCONGESTIONRELIEF
.... _....
1087352
....
275,250
253%.
Is:
1398216
218784
.... ....
15.6%
. ... ........
126
.._........
PROP 1 B
-..
1,714,131
10,734
0 6%
3,301,457
.
1,019,400
..._ -
30.9%
127.
POLICE DONATIONS
.._.
957
_..
1,020
-
_... 106 6%
_.. 3,843
__ 420
_ 10...
_.. -_
128
_.. _.-.._., ..... _. --
TRANSPORTATION DEV. ACT
.. _.
6(,000
-
588
1 2%
-;
106,375
2,377
2.2%
129
_...
INTEGRATED WASTE MANAGEMENT
174,441
45,220
25 9%
.:
169,056
.- _. ... ..-.
73,3$6
43.4%
131
..
COMMUNITY DEVEL BLOCK GRANT
... . ..... ....
1,388,799
......_..._.
557,877
402%
:.
_. _ 2,011,437
569,511
__ 28.3%
- _ .
133
_ .__-_-__._-_.-___ _ _--- _-_____ _�--
TRAFFIC ENFORCEMENT GRANT
__
_
-
3 ...
#DIVJ01 ,::,.::,
-
_. _. .. ... ....
DIVI
# _
134
_.. - ..
COPS/SCHOOL BASED PARTNERSHIP
... ...
-
4
#DIVJ01
_
#DIV/01
_
135
BJA BLOCK GRANT
24
--
#DIVl01
-
__ .
__.__ _ -_ _ ___
#DIV l01..
_. --
_-_.
140
_. _ _ _- -- ... . -------...
FAU.lI.S.T.EA.1T21
--...
-
#DIV101
361118
8451
I.
23%
._.
141
__ ___... _. - . _..
G.R.E.AT GRANT
51,486
#DIVJ01
.....
126724
75868
59.9%
142
.. ........ ... ..... ..... - ....
OCJP DOMESTIC VIOLENCE GRANT
......... ...
.
..-.
9
#DIV/01
... -
/01
144
.... ....
TREE FUND
.....-.1
.....
4
#DIV/0
558
00%
.....
145
........ _.
WASTE MGT ENFORCEMENT -GRANT
15,800
...
1,581
10 0%
15,900
11 510
72.4.6
148
SENIOR MEALS PROGRAM
231500
- 103,869
449%
.
228328
100,340
43.9%
148
SCAQMDELEC.VEH CORRIDOR GRANT
#DIVl01
_
2620
00%
149
_......_ .... _
USED OIL BLOCK GRANT
28,892
3$336
1327%
_ 26370
1864
_ 71%
. .....-.
150
_..._.. . _...,-.._...... _..._-_ ....._.....
INMATE WELFARE
- ....
_..
15000
4,648
......
310%
.
.. , _2..
.. ..
__. .__7525
._ ..
589%
..
I—-
152
_- ...... ...._ _. ........
BKKCOMMUNITY
.. ....
-
..
#DI V101
VJ01 ...
153
.._ ..... ........
PUBLIC SAFETY AUGMENTATION
...
640,000
.. .
202,015 -
316%
::
660,000
325002
492%
154
PRIVATE GRANTS
-
- -- -
. _ SS
#DIV/0
#DI V101
_ .... _
155
_ .. _.._... ..._-... _..
COPSlSLES
_.. _.-.._.._._
46002
#DIV101
152659
61934
406%
158
.........._.,....-.....................
C.RV. J LITTER REMOVAL GRANT
29000
30,024..
_
103.5%'
---
".,:
_ 28,194
__....--- 1,108
-- ---
-- 3.9%
---
---
159
-- ._ ... .- .._
SUMMER MEALS PROGRAM
_
-
29812
--
28,699
959%
29,668
21975
741%
169
STATE PARK BOND GRANT
#DIVJ01
.
#DI
181
....... ....... ... ...... ......
MAINTENANCE DISTRICT#1
.....
225,000
..
168,774
750%
265394
103543
390%
........
182
.........._... .._..__... . .._....... ..... ................_..
MAINTENANCE DISTRICT#2
.. .....
92500
......
68,802
744%;
1 . _...4
4.. 3
44.2%
183
._......_.__.. _._..._ .....
WC CSS CFD
. _. ......
96,000
...
10,878
11 5%
--
,
94900
1 185
. 2%
_..
1$4
. _.. _ _..-.._.... _......
MAINTENANCE DISTRICT#4
_._ _..
1035000
.... 442,763
428%,.
1161,363
574235
494%
186
_....._.:. . . ..........
MAINTENANCEDISTRICT#6
... _........
141,000
-. ....
57,958
-
4119
161,867
.. . ..
."'.... . 70,056
433%
.._ . ......
..__...
187
.....-.-........ ........I.... ..:_.....__ ......-._
MAINTENANCE DISTRICT#7
...._..
114,0000
47,769
41 9%`
155,212
_56,874
36.6%
--__ _-_
188
____�.-.--.----._ _____-._
CITYWIDE MAINTENANCE DISTRICT
_
1,443,486
565,096
39 1%
1,479,517
678141
45.8%
__
189
._..... ... . ............_
SEWER MAINTENANCE
1,768,569
724376
410%
2380,702
1,166111
49.0%
190
....._ ....... .. _.-... ..._
BUSINESS IMPROVEMENT DISTRICT
....._
87,000
23,335
266%
!:
89,357
16599
186%
-
,. .. __
193
..-
BJA LLEBG 2000-2002
2
#DIV/01
#DIV101
194
_
OCJP - CLETEP
_..
110
_ .. .
#DIV10I
#DIV/01
...............................I..........._.................
195
_............_..............................................................-........
BULLET PROOF VEST GRANT
.._.. .........
95
#DIV101
.....-..
'r
.._.. .............
#D.V.O!
196
STATE DOMESTIC PREP EQUIP GRANT
_.
..-- ......
11
#DIV101
#DIVlO!
---��
197
________
COPSISRO
-_
44
#DIV/01.
...
.-...
.;:._...
................................._............__........_................_............................_...._..........._._...._...................._..
#D I VJ01
......................
198
__............._..._.........._...........,.................................._..........._.............._...._..._......-..............................._....._....__...._...........................-.......1..._.:.;
OTS CSBCC GRANT
47,900
13,094
27 3%
32,765
- _ _ _27,124
82. _
......
199
.._ ........
MTAGRANT
._-.
4521
_ #DIV101
_- -
_ Vl01
203
_
CHARTER SETTLEMENT FUND
471
#DIVl01
_.
60086
34543
575%
204
COPS TECHNOLOGY GRANT
514,415
50
0 0%
..:
.....514,415
- _
0 0%
...
205
CHARTER PEG FUND
150 000
3,072
2 0%
:
216,256
26,618
12 3%
..
....
206
..... .... ..,.........
2004 HOMELAND SECURITY GRANT
.......
..... ..
192,406
#DIV10
T13,992
#DI V101
_ _ ._
208
_. . ._ - - -- - -- -._-_
JUSTICE ASSISTANCE GRANT
_-. _
53123
- - - -
39130
737%
.:
_
.. 75
768%
..._ . __ ...
209
. .. ........ .........-..... ....... .... __................ .. _._._..
RIVERS&WATER CONSERVATION
.. _ .
. ...
#DIV/01
#DIVJ01
_...
211
.. ... _....I .......... . . .....
LAND&WATER CONSERVATION
.. ..
..............
2
-
#DIV/01
_
Y _
_
01
__ J ._
212
_ ._._..- - - ___... _ - _ ..
ART IN PUBLIC PLACES
53096
#I—— .-
19,600
i -
8.2%
214
__ ... .......
USDOJ COPS GRANT
.. ..__.
-
.#DIVJ01-
15,_643
0 0%
- _..
.. _.....
215
.. ..... ..-..
NAZUSARELINQUISHMENT
_
4223
#DIV101
237,440
101976
426%
218
2006 HOMELAND SECURITY GRANT.
-
.-
#DIV/01
.:
.. 186,354
00%
219
_. _
FIRETRAINING
__
15000
..._
00%
15,000
1390
93%
220
... . .
WC COMMUNITY SERVICES FOUNDATION
_ . .
40,534
#DIV/01
28,060
1,693
6.0%
. -..
_......
221
_......... ......... . ... .......... . ......I.. .........
POLICE PRIVATE GRANTS
5,000
5,066
101 1 %:.:
8,694
1,861
21.4%
222
HOMELAND SECURITY GRANT
9824
00%
9,824
9821
1.....
223
...._..._. __.. __._..... -.
HAZARD ELIMINATION SAFETY
-._ .... .
#DIVlOI
11,
72,720
0,0%
,k y s.."- x.,.
...... .. __..........
19,400,891
...__ ........
7,974 850
.._.1.
41 1 %'.;
:.
..... _.. - --I.. ...
25,305,744
9,369,456
........
370%
City of West Covina
REVENUE AND EXPENDITURES
NON -GENERAL FUNDS ONLY
12-31-2008
..............
............... . . ...... ... .......... ...........
CAPITAL PROJECT FUND TYPES
..........
...........
..........
...............
................ -1-1-1-- . ....... I—— ............ ..........
............
160
CAPITAL PROJECTS
22,104
#DIV101
4961,489
,,,
1.....142491
............. ...... .............
23.1%
161
CONSTRUCTION TAX
100,000
80,297
. . ........
80.3%._:,.:�.
366,989
............. .... .................
65,634 . ..........
17.9%
163
PARKS
.............
150,000
.......................... .
0.0%..:::
6,003
18
03%
170
. ................... ... ....... ..
PARK DEDICATION FEES "A"
..........
................ ....... ......
10,974
*DIV/01
.............................
............................. .. . .........................
281
.. .......................
#DIV101
.......... ...................
.......... - -
171
............
PARK DEDICATION FEES "B"
2,144
#DIV101
340,800
114,403
33.6%
172
PARK DEDICATION FEES "C"
25,000
3,060
................. .............
.... 12.2%::.�*
401,197
...........
98,336
................ ....... .....
24.5%
............
173
................ .... .............
PARK DEDICATION FEES 'D"
............... ............. - .. ........
4
#DIV/01
#DIVI01
174
PARK DEDICATION FEES "E"
582
#DIV/01
88,636
26,586
.......... - ............
28.9%
........... - ............
.....
176
................... .. ......... ...................
PARK DEDICATION FEES"F
115
*DIV/0!
50,973
1,913
3.8%
... ............
176
PARK DEDICATION FEES "G"
2,171
.................. .....................
...... #DIV/01
266,658
...........
39,882
................
15.0%
..........................
..........
177
....... .......... ...... . ... ..................................... - ... .. .. .........................................
PARK DEDICATION FEES "H"
...................... ............ ... .......
..
2
#DIVf0I
#DIV/01
367
............ . ........
CIP-VEHICLE
....... .. ... ............ ............. .......... ..............
............ ... ..........
4,137
...............
#DIV101
........... .............
...................
............ 882
0.3%
............
275,000
............
..................... 125,689
45.7%
6,802,287
............ . ............
1,489,428
.................... ...............
21.9%
.......................
DEBT SERVICES FUND TYPES
...............
...............
................
...........
.......... - ............
300
.................
DEBT SERVICE -CITY
.............. .......... 1.11 1.1.-
4,385,917
1—, ................
2,286,872
52.1%
4,520,553
2,697902
,
67.6%
..........
4,385,917
. .. . ...... . .
2,285,872
.... .. - - ---- -----
........ ............
4,520,553
---- - 2,597,902
57.5%
PROPRIETARY FUND TYPES
.......... ..........
......... . ..
................... . ......................................
............
........... ......
INTERNAL SERVICE FUND TYPES
.............
.......
....
360
UNINSURED LOSS CITY PROPERTY
20,193
.................. .....................
#DI V/01
............ -
142,153
...............
76,709
64.0%
361
GENERAL LIABILITY
.............. ...........
995,085
500,185
50.3%
1,177,560
712,016
60.5%
363
WORKER'S COMPENSATION
1,247,966
699,172
1,436,456
................. - ............
849,364
............
59.2%
............
366
............. ............ ..............
FLEET MANAGEMENT
1,622,308
. ...... 857,082
62,8%
............ ... .... 1,637,161
772834
47.2%
368
RETIREE LUMP SUM BENEFITS
220,235 ..........
.................. 110,8
50.3%
...................
31,600
............... .......... ....... ..............
4,075
................. - ............ ......
12.9%
..........................
ENTERPRISE FUND TYPES.
370
DARE ENTERPRISE
65
DIV(0I
........... ..........
...............
#DIV/01
....... ...
375
.............. ...........................
POLICE SERIVCE GROUP
.................................
1,925,000
1,868,553
97.1%
1783
,
1,416,851
64.2%
...............
-'s
I'M
W !ft-
..............
.. ............ - ............ . ................
6,010,594
.................. ..........
4,056,093
..........
67.5%:.:w.
..................... .. ............
7,035,7103
- ............. ..........
31831,848
.................. . ......
54.5%
..........
................. ............ ...............
COMMUNITY DEVELOPMENT COMMISSION
.......................
-------------- ------
.......
.......... ...........
.....
..................... .................. .....................
---------- - ----------
- ............. .......
---------- -----
.............. .............
---
CDC CAPITAL PROJECT FUND
..........
............
862
.......... - ............... -.11. .......... .............. .............. .............. . ...... ........
HOUSING SET ASIDE
..................... ............... . . ... .........
4,130,200
282,749
............ 1".., ............
6�8%..::.:,
.l... :�i
3,991,809
........... ......... ................. -
1,968,254
49.3%
876
..........
MERGED AREA CAPITAL PROJECTS
.. ........
2,230,000
........... 1,208,816
490 .. ..........
1,559,215
........................... _ ................
59.1%
................ _ ..........
877
.... ...... ........... ................ . . ....... ..... .............
CITYWIDE AREA CAPITAL PROJECTS .............
.... ..............
525,000
...............
263,600
50.2%
........... .__ ........ . ...
"....:.X
346,168
134,378
........ .. .......... .
38.8%
........ ..................
FUNDS-
CDC DEBT SERVICE FUNDS.
wXX: ...
... . . . .. .............. . . .
....... .... .
..._...
853
... . .... .
CFD DEBT SERVICE
4,280,000
662,889
................... .................. ........
... 15. 3%
4,479,389
2,806,397
.......... - ...........
62.6%
........................
882
............. - .................. ............... ... .. ........ .. .......................... ..............
M ERGED AREA DEBT SERVICE
... .
15,670,000
6,W,130
44.3%
.......... ...........
15,694,800
4,697,855
.........
. ... .... . ...- 29.9%
883
DEBT SERVICE
CITYWIDE AREA DE
1,971,000
1,070,725
54.3%
..........
. . ... . .........................
2,044,400
.............
750,626
.............. - ...
36.7%
........ ...........
...........................
CDC Fund Transfers In Transfers Out
...... ...................... .................... .............
(6,000,200)
........................ ..........
(1,250,004)
............. ................... .............
2
..................
(6,000,200)
.......... ...................... .............
(1,260,004)
.......... ............. ...
20.8%
.........
ir WON MEM ............
��806,000
. . .......... .. .............
9,168,904
.............
40.2%:.X.X.::
............. ...
23,196,856
........... ...............
10,665,720
...........
46.0%
..........
11A _0 25, ui
52,878,401
........... ....
23,611,308
.......
44.7%
66,861,143
..........
354
41.8%