Item No. 6AGENDA ITEM NO.6
AGENDA STAFF REPORT
City of West Covina I Office of the City Manager
DATE: May 17, 2022
TO: Mayor and City Council
FROM: David Carmany
City Manager
SUBJECT: THIRD QUARTER FINANCIAL REPORT FOR FISCAL YEAR 2021-22
RECOMMENDATION:
It is recommended that the City Council take the following actions:
1. Receive and file the Third Quarter Financial Report for Fiscal Year 2021-22; and
2. Adopt the following resolution:
RESOLUTION NO. 2022-49 - A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF WEST
COVINA, CALIFORNIA, ADOPTING A BUDGET AMENDMENT FOR THE FISCAL YEAR
COMMENCING JULY 1, 2021 AND ENDING JUNE 30, 2022 (THIRD QUARTER FINANCIAL
REPORT)
BACKGROUND:
The City has completed the third quarter of Fiscal Year 2021-22. The Third Quarter Financial Report
(Attachment No. 1) summarizes the overall financial performance of the City for the period of July 1,
2021 through March 31, 2022, but it is not meant to be inclusive of all finance and accounting
transactions. While the focus of the report is the General Fund, summary financial information is also
provided for the Enterprise Fund and Special Revenue Funds. The information presented is unaudited.
This report is intended only to provide the City Council and the public with an overview of the City's
general fiscal condition.
The City will make the Quarterly Financial Report available on the City's website for review by the City's
stakeholders.
DISCUSSION:
The revenue and expenditures per the Budget to Actual comparisons include adjustments for carryovers
and any appropriations made as of March 31, 2022. The information presented reports revenues as they
are received and expenditures when paid. Revenues and expenditures are only accrued at year end to
account for such activity in the correct fiscal year.
Additionally, a budget amendment is proposed with the Quarterly Report to adjust revenue and
expenditures based on activity to date.
LEGAL REVIEW:
The City Attorney's Office has reviewed the resolution and approved it as to form.
Prepared by: Stephanie Sikkema, Finance Director
Fiscal Impact
FISCAL IMPACT:
The original adopted General Fund budget for FY 2021-22 was $67,814,100 for revenues and
expenditures. Council since added personnel and crossing guard services increasing expenditures to
$69,859,100 and revenue to $67,880,100.
The mid -year budget amendment adjusted revenues less expenditures to-$7,371,524. However,
$7,087,000 of this was for the allocation of unassigned fund balance making the net impact on the
General Fund-$284,524.
The proposed third quarter budget amendment has an overall positive impact on the General Fund of
$2,048,400 making the revised General Fund budget projection to be-$5,323,124 by the end of this
fiscal year. However, this still includes $7,087,000 for the allocation of unassigned fund balance making
the net impact on the General Fund positive $1,763,876.
Proposed General Fund (Fund 110) changes are summarized as follows:
Revenue
Charges for Services
5,336,000
5,586,000
5,586,000
Cost Recovery
330,000
1,300,000
300,000
1,600,000
Fines & Forfeitures
608,000
755,000
755,000
Interdepartmental Charges
1,423,800
1,423,800
1,423,800
Licenses & Permits
1,964,100
2,294,100
900,000
3,194,100
Other Revenues
82,800
82,800
82,800
Other Taxes
8,167,200
8,167,200
300,000
8,467,200
Property Tax
28,204,200
28,204,200
28,204,200
Revenue from Other Agencies
4,483,300
4,549,300
(2,130,400)
2,418,900
Sales Tax
15,900,000
17,400,000
5,400,000
22,800,000
Transfers In
131,100
131,100
131,100
Use of Mow & Pro ert
1,183,600
1,183,600
1,183,600
TotalRevenue
rr
71,077,100
4,769,600
75,846,700
Expenditures
Administration
2,535,200
2,627,400
2,627,400
City Clerk
378,300
465,800
465,800
Community Development
1,862,900
2,385,650
500,000
2,885,650
Finance
1,996,600
4,382,600
4,382,600
Fire
16,989,200
17,683,700
1,131,200
18,814,900
Human Resources
666,200
740,200
740,200
Police
24,010,300
25,428,512
1,090,000
26,518,512
Public Services
5,593,200
5,813,750
5,813,750
Transfers Out
13,782,200
18,921,012
18,921,012
Expenditures Total
Revenue Less Expenditures
67,814,11 rr
0
(7,371,524)
rr
2,048,400
81,169,824
(5,323,124)
Prior General Fund Budget Amendments:
Resolution No. 2021-089, BA 004, New Employees (2,010,000)
Resolution No. 2021-088, BA 011, Crossing Guards 31,000
Resolution No 2021-102, BA 023, Municipal Fee Study (84,500)
Resolution No. 2021-118, BA 028, 1Q Financial Report 1,336,476
Resolution No 2022-15. BA 034. 20 Financial Report (6,644,500)
Total GF Budget Amendments (7,371,524)
Less Use of Unassigned Fund Balance 0 7,087,000 7,037,000
Net Impact to General Fund 0 (284,524) 2,048,400 1,763,876
Proposed changes to other funds are summarized below:
Revenue
Police Enterprise
155,000
155,000
466,500
620,500
USDOJ COVID
-
-
35,000
35,000
WC Community Svcs Foundation
205
39,000
39,205
Expenditures
Capital Projects
3.269,500
3.425.748
5,995,910
9,421,658
CDBG - R
156,300
865,440
38,155
903,595
Debt Service - City
-
5,000
3,500
8,500
Maintenance District #1
-
-
5,000
5,000
Maintenance District #2
-
-
5,000
6,000
Maintenance District #4
-
-
10,000
10,000
Maintenance District #6
-
-
5,000
5,000
Maintenance District #7
-
-
5,000
5,000
Measure H
-
-
23,300
23,300
Police Enterprise
-
199,202
465,500
664,702
Prop A
2,000,000
2,000,000
800,000
2,800,000
Prop C
75,000
75,000
6,080
81,080
Sewer Maintenance
-
-
20,000
20,000
USDOJ COVID
-
35,000
35,000
WC Community Svcs Foundation
-
-
52,380
52,380
ARPA Local Fiscal Recovery Funds
19,570,000
19,549,000
-
19,549,000
PEG Fund
-
15,000
830
15,830
Self Insurance General/Auto Liab
600,000
500,000
1,250,000
1,750,000
Self -Insurance Workers' Como
928,800
928,800
300,000
1,228,800
Expenditures Total
00
27,563,190
9,020,655
Attachments
Attachment No. 1 - Third Quarter Financial Report
Attachment No. 2 - Resolution No. 2022-49 (Budget Amendment)
CITY COUNCIL GOALS & OBJECTIVES: Enhance City Image and Effectiveness
Maintain Good Intergovernmental Relations
Achieve Fiscal Sustainability and Financial Stability
CITY OF
VYI�" WEST COVINA
Fiscal Year 2021-22
The City has completed the second quarter of Fiscal
Year 2021-22. This report summarizes the overall
financial performance of the City for the period of July
1, 2021, through March 31, 2022, but it is not meant to
be inclusive of all finance and accounting transactions.
While the focus of the report is the General Fund,
summary financial information is also provided for the
Enterprise Fund and Special Revenue Funds. The
information presented is unaudited. This report is
intended to provide City Council and the public with an
overview of the City's general fiscal condition.
The revenue and expenditures per the Budget to
Actual comparisons include adjustments for carryovers
and any appropriations made as of March 31, 2022.
The information presented reports revenues as they
are received and expenditures when paid. Revenues
and expenditures are only accrued at year end to
account for such activity in the correct fiscal year.
GENERALFUND
The General Fund is the general operating fund for the
City. It provides the resources to sustain the day-to-
day activities and services to the community. All nine
departments receive support, either directly or
indirectly, from the General Fund.
General Fund
Budget vs. Year -to -Date Actual
100,000,000
80,000,000 71,077,100 78,448,624
60,000,000 47,014,480 50,628,067
0,000,000
2o,000,000
Revenue Expenditures
■Current Budget ■YTD Actual
The General Fund original budget for FY 2021-22 was
$67,814,100 for revenues and expenditures. With
ATTACHMENT NO. 1
amendments, the current FY 2021-22 budget is
$71,077,100 for revenues and $78,448,624 for
expenditures. With 75% of the year complete, General
Fund revenues are at 66% of budget and expenditures
are at 64.5%. This is typical as there is always a lag in
receiving revenues — specifically with taxes.
Sales Tax
17,400,000
13,128,755
75.
Other Taxes
8,167,200 I
5,463,856 I
66.
Charges for SeMces
5,586,000
5,873,555
105.
Revenue from Other Agencies
4,549,300
438,407
9.
Licenses & Permits
2,294,100
2,932,650
127.
Interdepartmental Charges
1,423,800
897,150
63.
Cost Recovery
1,300,000
1,603,524
123.
Use of Money & Property
1,183,600
641,490
54.
Fines & Forfeitures
755,000
592,580
78.
Transfers In
131,100
-
0.
Other Revenues
82,800
50,472
61.
The City's two major General Fund revenue sources
are Property Tax and Sales Tax which make up 65%
of the General Fund revenues.
• Property Tax: The second major
apportionment distribution to the City for FY
2021-22 was received in January 2022.
Included in this line item are Secured Property
Taxes, Property Taxes In -Lieu of Vehicle
License Fees (VLF), and residual payments
from the dissolution of the former
redevelopment agency. The third major
apportionment will come in April.
• Sales Tax: The City received its allocations
through January sales tax by March 2022. As
of March 31, 2022, the allocation received
represents approximately 59% of the total
sales tax allocation for the year. The City will
continue to receive sales tax allocations with
the final quarter allocation distributed by the
California State Department of Taxes and Fees
Administration (CDTFA) in August 2022. Sales
Tax projections are expected to be higher than
City of West Covina
Third Quarter Financial Report FY 2021-2022
the current budget and surpass prior -year
actuals. An increase in sales tax revenue is
included in the proposed budget amendment.
Other Taxes: This category includes
Franchise Fees, Business License Tax,
Transient Occupancy Tax (TOT), and Property
Transfer Tax. These revenues are not
received evenly throughout the year and,
except for Transient Occupancy Tax, are
expected to be on target by the close of the
fiscal year. Transient Occupancy Tax is
trending over the current budget with over 95%
received to -date. Base don current trends, staff
has included an increase in the proposed
budget amendment.
License & Permits: Revenues for licenses &
permits include building and engineering
permits, and animal licenses. Revenue
projections are trending higher than originally
projected mainly due to building activity
increases. Adjustments have been included in
the proposed Budget Amendment to reflect
these projections.
Revenues from other Agencies: This
category includes Vehicle In -Lieu, State
Mandated Cost reimbursement revenue, the
exchange of Prop A funds, which are the
largest revenue source in this category, and
COVID-19 Relief Funds.
Charges for Services: These revenues
include plan check and zoning related fees,
recreation fees, interfund charges, police and
fire fees. These fees are at approximately
105% as of March 2022.
Revenue projections were revised with the Quarterly
Report based on revenue trends, and activity to date.
The total proposed adjustment is an increase of
$4,769,600 in revenue to the General Fund.
Tax
15,900,000
17,400,000
5,400,000
22,800,000
Taxes
8,167,200
8,167,200
300,000
8,467,200
les for SeNces
5,336,000
5,586,000
5,586,000
we from Other Agencies
4,483.300
4,549,300
(2,130,400)1
2,418,900
ses & Pennits
1,964.100
2,294,100
900,000
3,194,100
epartmental Charges
1,423.800
1,423,800
1
1,423,800
rf Money & Property
1,183,600
1,183,600
1,183,600
& Forfeitures
608,000
755,000
755,000
Recovery
330,000
1,300,000
300,000
1,600,000
fers In
131,100
131,100
131,100
'Revenues
82,800
82,800
82,800
As of March 31, 2022, with 75% of the year complete,
$50.6 million or 64.5% of the General Fund budget has
been expensed (see chart below). Most departments
are at or below 75% through the end of the quarter with
the exception Fire, Human Resources, and Police.
City Clerk
465,800
253,542 54.
Community Development
2,385,650 I
1,259,606 152.
Finance
4,382,600
1,504,059 34.
Fire
17,683,700
15,221,502 186.
Human Resources
740,200
617,322 83.
Police
25,428,512 1
19,499,726 176.
Public Services
5,813,750
3,236,895 55.
Transfers Out
18,921,012
7,172,703 37.
At the end of the quarter, six of the nine General Fund
department expenditures are at or below 75% of
budget. The Human Resources budget is at 83.4% of
the original budgeted amount through March 31, 2022.
This is due to professional and legal services trending
over budget.
The Police (76.7%) and Fire (86.1%) Departments are
over budget mainly due to overtime costs that were not
budgeted in the FY 2021-22 budget. Staff is still
evaluating alternative options for the provision of fire
services to provide the City Council with various
options.
General Fund Overtime
Overtime expenditures should be 75 percent of budget
based on the number of pay periods for the end of this
quarter. The Police Department is trending over its
General Fund overtime budget at 138%, the Fire
Department overtime expenditures are trending over
budget at approximately 131%, excluding mutual aid
2 1 P a g e
City of West Covina
Third Quarter Financial Report FY 2021-2022
overtime, which is fully reimbursable. Public Services
is also over at 293% or $26k in overtime.
Finance
2,000
524 A
Fire
1,700,0001
2,232,224I131
Police
1,526,000
2,116,028 13E
Public Seruces
9.700
28.467 29°
Overall, total General Fund Revenue ($47M) less
expenditures ($50M) for the quarter to date is negative
$3 million. With the exception of last year when the City
had an inflex of revenue due to the pension bonds,
revenue less expenditures is actually up from prior
years.
Revenue Less Expenditures by FY
As of Third Quarter
FYE2018 FYE2019 FYE2020 FYE2021 FYE2022
N
o (2.00)
f (4.00)
(6.00)
(8.00)
(10.00)
(12.00) (10)
(14.00)
(14)
(16.00)
[a
The original adopted General Fund budget for FY
2021-22 was $67,814,100 for revenues and
expenditures. Council since added personnel and
crossing guard services increasing expenditures to
$69,859,100 and revenue to $67,880,100.
The mid -year budget amendment adjusted revenues
less expenditures to-$7,371,524. However,
$7,087,000 of this was for the allocation of unassigned
fund balance making the net impact on the General
Fund-$284,524.
The proposed third quarter budget amendment has an
overall positive impact on the General Fund of
$2,048,400 making the revised General Fund budget
projection to be-$5,323,124 by the end of this fiscal
year. However, this still includes $7,087,000 for the
allocation of unassigned fund balance making the net
impact on the General Fund positive $1,763,876.
City Clerk
378,300
465,800
465,800
Community Development
1,862,900 I
2,385,650 I
500,000
2,885,650
Finance
1,996,600
4,382,600
4,382,600
Fire
16,989,200 1
17,683,700 1
1,131,200
18,814,900
Human Resources
666,200
740,200
740,200
Police
24,010,3001
25,428,5121
1,090,0001
26,518,512
Public Services
5,593,200
5,813,750
5,813,750
Transfers Out
13,782,200
18,921,012
18,921,012
The proposed General Fund budget amendment has a
net impact of +$2,048,400 and includes the following:
1) Staff proposes increasing revenue based on
projections for Sales Tax ($5.4M), Transient
Occupancy Tax ($300k), Proposition A Exchange
($210k), and Mutual Aid Cost Reimbursement ($300k).
The original budget was balanced by including
revenue for COVID Relief Funds. Staff does not expect
to actual receive any of this revenue and therefore
proposes removing the revenue ($2.3M) altogether.
2) The Department of Health Care Services
audited the City's Ground Emergency Medical
Transportation (GEMT) Program Medi-Cal Cost
Report for fiscal year ending June 30, 2011. As a result
of the audit, an overpayment was identified in the
amount of $381,200 which was required to be paid
within 60 days of notice. Thus, staff requests an
increase in the Fire Department to cover this
unexpected expense.
3) The building permits and inspections contract
is dependent on associated revenue. Since revenue
has been over budget), it is projected that expenditures
will also be over budget. Thus staff proposes
increasing revenue by $900k and expenditures by
$500k.
4) Police and Fire overtime is trending over
budget, therefore; staff recommends increasing these
line items by $1.8 million which is in line with end of
year projections.
3 1 P a g e
City of West Covina
Third Quarter Financial Report FY 2021-2022
ENTERPRISE FUND In addition to the amendments being proposed under
The Police Department's Computer Service Group is the General Fund, the following amendments are
trending over budget at 151%. This is due to services recommended for other funds:
paid and received annually. Overall, after the proposed
amendment, the Police Enterprise Fund is expected to 1) Fund 121 (Prop A): Council approved an
finish the year within budget and with excess revenue. additional $800k for the annual Proportion A
exchange.
OTHER FUNDS
Budget versus actual comparisons for both revenue
and expenditures for other funds are presented below:
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2) Fund 122 (Prop C): An additional $6,080 is
necessary and available for bus shelter maintenance.
3) Fund 156 (USDOJ COVID): Expenditures were
not included in the original budget for this grant fund.
Therefore, staff proposes establishing a $35k budget
for both revenue and expenditures.
4) Fund 160 (Capital Projects):
Council approved a total project amount of $7,592,048
for the energy efficiency project (Project No. 21033),
however; only $2,804,600 was included in the Original
Budget. Therefore, staff recommends increasing the
project budget to the total amount and adding funding
for the cost of issuance ($10k) and a change order for
improvements to the Civic Center parking structure
($262,591). This brings the total project budget to
$7,864,639.
Last fiscal year, Council approved a total project
budget of $1,619,559 for Fire Station Building
Improvements (Project No. 21034), however; only
$430,898 of this budget was rolled over into the current
fiscal year. Therefore, staff recommends increasing
the budget to $935,870 to reflect an accurate balance
of the project to -date.
5) Fund 179 (ARPA Local Fiscal Recovery
Funds):
The recently approved Memorandums of
Understandings (MOU) with Police and Fire
Management (FMA) included one-time Hazard pay. An
addition of $21,453 is necessary to Fund 179 to fund
this one-time pay. Staff proposes offsetting this against
Project No. 22010 (Fire Station Repairs).
An additional $113,200 is necessary for Project No.
22009 (Police & Fire Radios). Staff also proposes
offsetting this against Project No. 22010 (Fire Station
Repairs).
6) Maintenance Districts (Fund 181, 182, 184,
186 187. and 189): Salaries and benefits were not
City of West Covina
Third Quarter Financial Report FY 2021-2022
included for certain division under the maintenance
districts. Therefore, staff recommends adding a total of
$50k across these funds to budget for these expenses.
7) Fund 205 (PEG Fund): The budget is proposed
to be increased by $830 to reflect actual expenditures.
8) Fund 207 (OTS Grants): Funding is proposed
to be moved from one division to another, the net
impact is zero.
9) Fund 220 (WC Community Svcs Foundation):
The budget is proposed to be increased to reflect
actual expenditures ($52,380) and revenue ($39,000).
10) Fund 225 (CDBG — R): The original budget did
not include the roll-over grant expenditures; therefore,
staff proposes increasing expenditures by $38,155.
11) Fund 300 (Debt Service): Ongoing bond costs
were not included in the original budget and are
proposed to be added ($3,500).
12) Fund 361 (Self Insurance General/Auto Liab)
and Fund 363 (Self -Insurance Workers' Comp): Actual
claims are trending over budget and a proposed to be
increased by $1,550,000 across the two funds.
13) Fund 375 (Police Enterprise): Actual revenue
and associated expenditures are trending over the
original budget and are proposed to be increased
equally by $465,500.
After the proposed adjustments, the revenues and
expenditures for all other funds will be trending within
budget.
FOR MORE INFORMATION
This summary report is derived from detailed financial
information generated by the City's Finance
Department. Additional financial information is
available online at www.westcovina.org.
5 1 P a g e
ATTACHMENT NO.2
RESOLUTION NO.2022-49
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF WEST COVINA, CALIFORNIA, ADOPTING A BUDGET
AMENDMENT FOR THE FISCAL YEAR COMMENCING
JULY 1, 2021 AND ENDING JUNE 30, 2022 (THIRD
QUARTER FINANCIAL REPORT)
WHEREAS, the City Manager, on or about May 18, 2021, submitted to the City Council
a proposed budget for the appropriation and expenditure of funds for the City of West Covina for
Fiscal Year 2021-22; and
WHEREAS, following duly given notice and prior to budget adoption, the City Council
held public meetings, considered and evaluated all comments, and on June 15, 2021 adopted a
budget for the fiscal year commencing July 1, 2021 and ending June 30, 2022; and
WHEREAS, amendments must periodically be made to the budget to conform to changed
circumstances following adoption of the budget.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF WEST COVINA,
CALIFORNIA DOES RESOLVE AS FOLLOWS:
SECTION 1. The City Council hereby approves Budget Amendment No. 059, attached
hereto as Exhibit A, for Fiscal Year 2021-22.
SECTION 2. The City Clerk shall certify to the adoption of this resolution and shall enter
the same in the book of original resolutions and it shall become effective immediately.
APPROVED AND ADOPTED this 17th day of May, 2022.
APPROVED AS TO FORM
Thomas P. Duarte
City Attorney
Dario Castellanos
Mayor
ATTEST
Lisa Sherrick
Assistant City Clerk
I, LISA SHERRICK, Assistant City Clerk of the City of West Covina, California, do hereby
certify that the foregoing Resolution No. 2022-49 was duly adopted by the City Council of the City
of West Covina, California, at a regular meeting thereof held on the 17th day of May, 2022, by the
following vote of the City Council:
AYES:
NOES:
ABSENT:
ABSTAIN:
Lisa Sherrick
Assistant City Clerk
EXHIBIT A
BUDGET AMENDMENT
CITY OF WEST COVINA
BUDGET AMENDMENT
BA # 059
Posted By:
Date Posted:
Date: 05/17/2022 Fiscal Year: 2021-2022
Requested by: Stephanie Sikkema Amount: 14,463,055.00
Dept/Div: Finance Description: 3rd Quarter Budget Amendment
EXPENDITURES
Account Number
Dept/Account Description
Current Budget
Proposed
Amendment
Amended Budget
110.32.3210.6490
Misc. Expenses
95
505
381
200
476,705
110.71.4120.6120
Other Contractual Services
940
000
500
000
1 440
000
110.31.3110.5113
OVER TIME SALARIES
47
600
160
000
207
600
110.31.3120.5113
OVER TIME SALARIES
874
900
630
000
1 504
900
110.31.3130.5113
OVER TIME SALARIES
302
600
100
000
402
600
110.31.3131.5113
OVER TIME SALARIES
-
200
000
200
000
110.32.3210.5113
OVERTIME SALARIES
1,700,000
750,000
2,450,000
Subtotal General Fund
3,960,605
2,721,200
6,681,805
121.61.5140.6520
Prop A Exchange
2,000,000
800
000
2,800,000
122.61.5144.6120
Other Contractual Services
75,000
6,080
81,080
156.31.3110.5113
OVER TIME SALARIES
-
35
000
35
000
160.80.7001.7500
Buildings
-
21033.160.7500
Energy Efficiency Project
21804,600
51060,040
7,864,640
160.80.7001.7500
-
21034.160.7500
Fire Bldg. Improvements
430,898
935,870
1,366,768
179.80.7003.7900
-
22010.16.7900
Fire Station Repairs
31857,748
(134,653)
3,723,095
179.31.3110.5155
Medicare
-
6
453
6
453
179.32.3210.5127
Other Incentive Programs
-
15
000
15
000
179.80.7003.7900
-
22009.160.7900
Police & Fire Radios
3,300,000
113,200
3,413,200
181.71.4145.5112
Part -Time Salaries
-
5
000
5,000
182.71.4145.5112
Part -Time Salaries
-
5
000
5
000
184.71.4145.5112
Part -Time Salaries
-
10
000
10
000
186.71.4145.5112
Part -Time Salaries
-
5
000
5,000
187.71.4145.5112
Part -Time Salaries
-
5
000
5
000
189.71.3125.5111
Full -Time
-
20,000
20
000
205.11.1340.6330
Equipment M&R
15
000
830
15
830
207.31.3110.5113
OVER TIME SALARIES
34
000
(34,000
-
207.31.3110.5151
WORKERS COMPENSATION
1,500
1
500
-
207.31.3110.5155
MEDICARE
5,000
5
000
-
207.31.3121.5113
OVER TIME SALARIES
-
34
000
34
000
207.31.3121.5151
WORKERS COMPENSATION
-
1,500
1
500
207.31.3121.5155
MEDICARE
-
5
000
5
000
220.61.5150.6188
Other Special Events
-
52
380
52
380
225.61.5121.6120
Contract Services
805,440
98,155
903,595
225.61.5121.6460
Subreci ients
60,000
60
000
-
240.61.2255.5111
Full Time Salaries
-
23
300
23
300
300.13.9000.6426
Ongoing Bond Costs
-
3,500
3,500
361.15.1520.6419
Claim Paid
500,000
11250,000
1,750,000
363.15.1510.6419
Claim Paid
928,800
300,000
1,228,800
375.31.3119.8505
Purchases - San Marino
-
63
000
63
000
375.31.3119.8519
PURCHASES - HEMET
121,514
131,500
253,014
375.31.3119.8525
PURCHASES - MONTCLAIR
77,688
86,000
163,688
375.31.3119.8508
PURCHASES - TRACY
-
185,000
185,000
Subtotal Other Funds
15,017,188
9,020,655
24,037,843
TOTAL
EXPENDITURES
22,938,398
14,463,055
37,401,453
REVENUES
Account Number
Account Description
Current Budget
ropose
Amendment
Amended Budget
110.00.4110
SALES AND USE TAXES
17 400 000.00
5 400 000.00
22 800 000.00
110.00.4130
TRANSIENT OCCUPANCY TAX
1,200,000.00
300 000.00
1,500,000.00
110.00.4589
HHS COVID RELIEF FUNDS CAR
2,340,400.00
2 340 400.00
-
110.71.4220
BUILDING PERMITS
900 000.00
900 000.00
110.00.4580
PROP A EXCHANGE
1,500,000.00
210 000.00
1,710,000.00
110.32.4901
MUTUAL AID COST REIMBURSEM
1,300,000.00
300,000.00
1,600,000.00
Subtotal General Fund
23,740,400
4,769,600
28,510,000
220.61.4862
DONATIONS
205.00
39 000.00
39 205.00
156.31.4551
FEDERAL GRANTS
-
35 000.00
35 000.00
375.31.2880
Tracy
58 000.00
185 000.00
243 000.00
375.31.2892
Hemet
50 000.00
131 500.00
181 500.00
375.31.2864
Montclair
30 000.00
86 000.00
116 000.00
375.31.2883
San Marino
17,000.00
63,000.00
80,000.00
Subtotal Other Funds
155, 205
539,500
694,705
TOTAL
REVENUES
26,850,810.00
7,258,606.00
34 109 410.00
APPROVALS
City Council Approval Date (if required, attach minutes): ❑ Approval Not Required
Dept Head Approval:
Date:
Finance Director: Date:
Funds Available? ❑ Yes ❑No
City Manager: Date:
(If over $100,000)
❑ Approved ❑ Denied