sr-062568-4a6CITY Q% SAhITA i~ONICA
DATE: June 24; 1968
T0: ferry Scott, City Manager
FROP~i: F. A. Gaudio, Director of Finance
SUBJECT: Changes in 1968-69 Budget
The Council has asked fox° a review of estimates of revenues in the 1968-69 budget
which xnay be reasonable at this time. Also, I wanted for the record to detail the
few minor changes in requested appropriations fox' proposed expenditures.
Estimated Revenues, pages 4 and 5
Additions:
Real Property Transfer Taxes Add $ 5, 000 to $ 27, 000
Business Licenses " 10,000 " 410,000
Building Permits " 5, 000 " 70, 000
=County Aid Streets ~ " 10, 728 " 110, 728
Interest Income " 31, 074 " 250, 000
Other Rent & Concessions " ° 5, 000 " 31, 980
Other Revenues " 13, 000 " 50, 000
$79, 802
Changes in .Expenditures
Page 71 AJC 412-950 250 parking meters deleted $(16,250)
Page 73 " 413-420 Garage addition Add 17, 000 /~
°Page 76 " 421-923 County I_mprovement " 10, 728 //
Page 120 " 552-920 Change carpeting @ 8, 000 to sand
blast & stain deck @ 4,600 ,4
Page 136 " 631-500 Airport private patrol increased
to 13, 850 by prior action Increase 1, 350_ Y'~
Net increase $ 9,428
By making these changes, we come up with a net gair. of $70, 374
without any action of Council.
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Tos Perry Scott, City Manager
Changes in 1968-69 Budget
If-_
we increase transient occupancy tax and get 10 mouths after
Ordinance is adopted Add
we increase parking violation bail schedule and get 10
months added revenue Add
Possible Tota1_ Net Gain
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page 2
X20, 000 L~
70, 000
$160,374
F. A. GAUDIO
Dix•ector of Finance
1968-69 BUBGET IPSFOP~?~iATIOi~I
FUi~IDNG TF1~E APPROVPSJ PAY RAISE
General 412,230
Sd.A.R. 48,000
Planning 3,770
Libraries 20,000
Parks 20,000
Retirement 68,000
Transportation 93,000
x&65,000
Budget as submitted X17,512.816
Pay Raise 665,000
X18,177,816
General Surplus per submitted budget
Pay Raise adjustment from Gene-raa Surplus
Total
X1,882,861
- 572,000
1,310,861
y93,000 added to Transportation costs projects
estimated loss to X153,297 (x60,297 plus ~93,000~
See paL~e 143
Finance-6~25~68