75A-1 - PH FY 18 19 CITY BUDGET - Laserfiche WebLink

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Public Hearing — Fiscal Year 2018-19 City Budget June 5, 2018 Page 4 In addition, the City Services Fund (Fund 053) was established in July 2017 as a means for City departments to continue accepting deposits on behalf of outside parties commonly referred as pass-thru activities. The activity previously recorded in the Treasurer's Trust (Fund 098) will be included within the City Services Fund beginning July 1, 2018. Departments are aware that established accounts within the City Services Fund will require documentation identifying the source of deposits (e.g. date, name of the party, and amount). STRATEGIC PLAN ALIGNMENT Approval of this item allows the City to meet Goal #4 - City Financial Stability, Objective #2, (Provide a reliable five-year financial forecast that ensures financial stability in accordance with the strategic plan), Strategy A (Adopt a budget that is in alignment with the financial forecast and strategic plan). FISCAL IMPACT With approval of the proposed fiscal year 2018-19 budget, $547,152,726 will be appropriated to the City's various funds, departments, programs and enterprise activities. Of those amounts, $260,360,000 will be appropriated to the various general fund operating departments. Recording of unclaimed deposits: Effective July 1, 2018, the following unclaimed deposits maintained in the fund(s)/account(s) noted below will be reclassified utilizing the balance noted on July 1, 2018 as follows: 1) Reclassify the following I. 09201001-24000 — Trust and Agency - $166,271.65 II. 09201001-24029 — Contractor Water Deposit - $529,796.45 to the Water Enterprise 06017002 -57010 -Miscellaneous recoveries III. Remaining Balance in 09201001-24000 (after deducting #1 above) will be reclassified to the Water Enterprise Fund 06001001-24000 2) Reclassify, the following accounts balances noted as of July 1, 2018 in the Treasurer's Trust (Fund 098) to the General Fund Revenue — Miscellaneous Recoveries (01102002- 57010) in the amount of $998,915.66: Fund Account Account Description Amount 098 24002 Candidate Statement Fee $ 13,563.61 098 24014 Building/Planning In -Lieu Fees $ 95,751.00 098 24001 Senator Feinstein Function $ 527.63 098 24005 Hazard Remediation — 1300 W. Edinger $ 20,000.00 098 24006 Bicycle Locker Deposits $ 381.25 098 24008 Recreation Parks Security Deposits $ 74,681.67 098 24010 Volunteer Firefighter Deposits $ 3,700.00 098 24016 World Oil 1702 N. Broadway $ 10,034.00 098 24017 Public Works -Water Services Application $ 14,400.00 098 24019 Public Works Street Work Permits $600,000.00 098 24020 Public Works/Cash Deposits $165,847.77 098 24038 O.C. City Clerk Meeting $ 28.73 75A-1-4