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CC RESOLUTION 1020�r RESOLUTION NO. 1020 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF EL SEGUNDO, CALIFORNIA, ADOPTING A TENTATIVE BUDGET IN AND FOR SAID CITY FOR THE FISCAL YEAR 1949 -1950. The City Council of the City of E1 Segundo, California, does resolve, declare, determine and order as follows: SECTION 1. That for the convenience, guidance and information of the City Council and the various department heads of said City, there is hereby approved and adopted the "Tentative Budget for the City of E1 Segundo, California, for the Fiscal Year 1949 - 1950," hereunto annexed, designated as "Exhibit A", and by this reference expressly incorporated herein and made a part hereof. SECTION 2. That nothing in the said "Tentative Budget for the City of E1 Segundo, California for the Fiscal Year 1949- 1950," hereinabove adopted, or in this resolution contained, shall in any manner be considered or construed as binding or as definitely fixing and establishing the various items hereinabove set forth as being absolute. Said budget is merely compiled and adopted as aforesaid for the convenience and guidance of the said City Council and of the various de- partment heads of said City, and for their general information. Said City Council hereby reserves the right to make any change or changes, either by way of addition or deduction, or other- wise, to the items contained in said budget, or any of them, and to add any new item or items, or eliminate any item or items, at any time and without notice. SECTION 3. That this resolution shall take effect immediately. SECTION 4. That the City Clerk shall certify to the passage and adoption of this resolution; shall cause the same -1- to be entered in the Book of Resolutions of the said City and shall make a minute of the passage and adoption thereof in the records of the proceedings of the City Council of said City in the minutes of the meeting at which the same is passed and adopted. Passed, approved and adopted this 17th day of August, 1949. ATTEST: Victor D. McCarthy, City Clerk (SEAL) By Deputy. Mayor of the City of El Segundo, California -2- i; STATE OF CALIFORNIA, ) COUNTY OF LOS ANGELES, ) SS. CITY OF EL SEGUNDO. ) I, Victor D. McCarthy, City Clerk of the City of E1 Segundo, California, do hereby certify that the whole number of members of the City Council of the said City is five; that the foregoing resolution, being Resolution No. lo2o , was passed and adopted by the said City Council, pro tem approved and signed by the MayoE/of said City, and attested by the City Clerk of said City, all at a regular meeting of the said Council held on the 24th day of August, 1949, and that the same was so passed and adopted by the following vote: AYES: Councilmen Baker, Swanson, Thompson and Mayor pro tem Peterson; NOES: Councilmen None; ABSENT: Councilmen Selby. WITNESS my hand and the official seal of said City this 17th day of August, 1949. (SEAL) -3- Victor D. McCarthy, City Clerk of the City of E1 Segundo, California. BY t Ei}a� Deputy. •� r I Q_n• "Exhibit A" Tentative Budget for the City of E1 Segundo, California for the Fiscal Year 1949 -1950 CITY OF EL MUUNDO, CALIFORNIA BUDGET - YEAR 1949.50 Estimated Revenues 7 -1 -49 to 6- 30-50: Secured Solvent Credits $ 3500.00 Unsecured Real & Personal Prop. Taxes 10000.00 Delinquent Taxes - 1000.00 Delinquent Tax Penalties 100.00 Business Licensee 6000.00 Dog Licenses 750.00 Permits 7500.00 Court Fines 10000.00 Library Pines 700.00 Franchise Payments 8000.00 Income - Recreation Commission 3500.00 Income - Street Department Services 2000.00 Miscellaneous Income 4000.00 Liquor License Taxes 400.00 Motor Vehi le In Lieu Taxes 15000,00 Oil well License Fees 500.00 State pas Taxes 14290.00 Total Estimated Miscellaneous Income $87,240.00 Mae. Fund Balances as of 6- 30 -49: Amts. Not Used as Amts. Available Credit Againe.. for Credit 1949 -50 Budeet Against 1949 -50 Budget Unappropriated Reserve Fund $70,000.00 Insurance Reserve Fund 25, OOO.00 Gas Tax Fug 24,557.06 $ 119,557.06 General Fund $208082.27 Traffic Safety 3499.54 Library Fund 1183.42 Recreation Fund 2715.14 Motor Vehicle In Lieu Tax Fund 12381.84 TOTAL FUND BALANCES AVAIXABX $227,862.21 TOTAL ESTIMATED REVM= AND IN RUM MOM TO APPLY AGAINST ESTIMATED EXPENSE $315,102.21 -IA NExhibit A" - Page 1. Estimated Expenditures - 1949 -1950- City Council- Salaries $3000.00 Expenses 600.00 $3600.00 City Clerk and Coordinator- Salaries 18022.00 Supplies Ezoeneee 1400.00 1200.00 1 Typewriter and Chair 200.00 P. B. Y. 1 Part Time Clerk 1100.00 20722.00 City Treasurer - 2500.00 26472.00 Salaries 1302.00 E"neee 65o.00 1952.00 City Attorney - Salaries 4980.00 Equipment 100.00 Expenses 600.00 5680.00 City Judge - Salaries 1400.00 Codes 200.00 Expenses 150.00 175OX0 Police Department - Salaries 61176.00 2 Autos 4000.00 1 Radio Mobile Unit 500.00 Expenses 12000.00 77676.00 Fire Department - Salaries 32627.00 Equipment Repairs 6780.00 Supplies 4199.00 43606.00 General Govet Bldgs. Maintenance and Operation- Salaries 3172.00 Supplies 2500.00 Misc. Repairs 1200.00 Renovation 15000.00 P. B. Y. 1000.00 Part Time Clerk 1100.00 Furniture 2500.00 26472.00 Building Department - Salaries 6282.00 Expenses 425.00 6707.00 Planning Department - Salaries Expenses Carried Forward .B- "Exhibit A" - Page 2. 4227.00 460.00 4687.00 192852.00 ar �ar_ Brought Forward Sewer Department- 11676.00 Salaries 200.00 s rs is 3700,00 00 1 Skip IMAOT -- Supplies —10-0-00 Garbage and Refuse- 15002.00 Salaries 58„2 Expenses Street Department- 45864•(y3 Salaries 9600.00 1 Motor Grader 5000.00 1 Skip IMAOT 8000.00 1 Garwood Packer 9000,00 1 - 1,} Ton Truck 400-00 Small Tools 6964,00 Materials Expenses Warehouse- 6744.00 Sslaries 2310.00 1 Extra Man 3500.00 stor.:6s Shed 890.00 � EVd1W't 335.00 12W .00 Misc. E)pen" Engineering Department- 8736.00 salaries 42.00 Equipment 103 .00 Baseball Park- 976.00 Salaries Expenses Parks# Trees and Nursery- 29052.00 salaries 2000.00 1 -lj Ton Truck Mist. Expen6es --' music and Promotion- 2200.00 salaries 2000,00 Expenses miscellaneous- street Ughting Health Department compensation Insurance Insurance Undistributed Expenses Unclassified -5- "Exhibit A" - Page 3- $192,852.00 19,776.00 21,143.82 81,228.00 14,979.40 9815.00 34#186.85 8,000.00 350.00 5,000.00 5r000.00 5,500-00 Miscellaneous - Gont'd. Auditing Printing Elections Tax Collecting Recreation Department - Administrative Salaries Crafts & Playground Athletics Publicity Equipment Supplies Special Events $3676.00 U,_^'-co 61z'.50 3.50.00 200.00 4903.50 150.00 GRAND TOTAL, EXCLUSIVE OF LIBRARY AND WATER DEPT. To Carry on General Government- 7/1/50 to 12/31/50 GRAND TOTAL GOVERNMENTAL COSTS PER SHEETS NOS. 2, 3 and 4 1949 -50 Budget Income Estimate - Page 1 $750.00 3C'U0.00 1000.00 1500.00 16528.00 $426,210.07 184.975.00 87,240.00 .- '�u � $611,185.x'7 Available Fund Balances - Page 1 2272862.21 _ X15" 12.; Necessary- to Rslse for 1949 -1950 General Government Coats $296,082.86 Proposed Fire Station $62,000.00 r Police Station 45 "ODU00 $10 7,000+,00 �If funds available Additional coat to finance Hyperion Project ,;!: ,622.42 Balance in Sewer Bond Fund 48,52t.05 To be finance from General Fund through taxes GRAND TOTAL TO BE MET THROUGH TAXES Assessed Value Tax Dist. Bo. 1 $34,071,450 No. 2 _ 34? c +C. 34- x.33,4' a 41.00 - $344,134.90 57.996.37 $461,079.23 Lose estimated delinquency of 2% 6.882.70 2 2.20 123,827.C° Advances Receivabl§ - Water Works Bond Fund - $8500.00 Sewer Bond Fund 1000.00 To be repaid ",o General Fund from tax levy w.00 Total apparent deficit $114,327.03 -4- "Exhibit A" - Page 4. LIBRARY REQUIREMEN]`a Budget To Carry On 1949 -1950 To 12131150 Salaries $9300.00 4700.00 Books 1000.00 500.00 Magazines 200.00 150.00 Supplies & Misc. 3000.00 1200 ! 00 13500.00 850.00 Total Assessed balvarion - M,413,490 0AWW ,` STKIE EMPLOYEES' RETIREMENT SYSTEM REQUIREMENTS To meet annual contractual obligations with State Employees' Retirement System for prior service of employees, members of System, for Years 1949 and 1950 To meet City's - 94,•50 share. ,,' ;;ost of current service of employees, members of System Total estimated requirements for State Employees' Retirement System Less balanca in fund 6/30/49 Estimated amount necessary to raise Total Assessed Valuation - $34,413,490 0 .12 BOND RF U1R fFNTS 1�% Trunk Line Sewer Bonds: Outstanding 6/30/49 - $60,000.00 2j$ Trunk Line Sewer Bonds: Outstanding 6/30149 - $85,000.00 Interest Due 1/ 2,/50 Interes'. Due 19'2 ,151 Total requirements all Sewer Band issues Less Fund Balance 6130] 49 Amount Necessary to Raiee "Exhibit A" - Page 5. -5- 10,300.00 10,000.00 750.00 625.00 1.000.00 1,o62.50 - _24,11�.D0 Total �i20,, 50.O:s 20,648.09 41,000.00 $57,200.00 16,778.39 $40,421.61 $41,296.19 $22,375.00 .-1 —187: 25,562.50 11 .00 14,119.50 Principal Due 7/2/49 Principal Due 7/2/50 ' Interest Due 7/2/49 Interest Due 7/2/50 Advance from General Fund 2j$ Trunk Line Sewer Bonds: Outstanding 6/30149 - $85,000.00 Interest Due 1/ 2,/50 Interes'. Due 19'2 ,151 Total requirements all Sewer Band issues Less Fund Balance 6130] 49 Amount Necessary to Raiee "Exhibit A" - Page 5. -5- 10,300.00 10,000.00 750.00 625.00 1.000.00 1,o62.50 - _24,11�.D0 Total �i20,, 50.O:s 20,648.09 41,000.00 $57,200.00 16,778.39 $40,421.61 $41,296.19 $22,375.00 .-1 —187: 25,562.50 11 .00 14,119.50 Balance forward from Sheet No. 5 (Sewer Bond Requirements) $14,119.50 Assessed Value District No. 1 - w34,071,450.00 Assessed Value District No. 2 - 12 0 0.00 34,413,490.00 0 .05 17,206.75 5% Water Works Bonds: Outstanding 6/30/49 - 332fl000.00 Principal due 11,2/50 8,000.00 Interest due 7/2/49 800.00 Int. on $32,000.00 - 7/2/49 to 1/2/50 800.00 Int, on 24,000.00 - 1/2/50 to 7/2/50 600.00 Total Requirements $10,200.00 Less Fund Balance - 6/30/49 4,095.58 Amount necessary to raise 6,104.42 Assessed Value District No. 1 - $34,071,450.00 0 .02 6,814.29 Water Works Borxis, Elect. 1948: Outstanding 6,30/49 - $650,000.00 A230,000 6 2 -VO - 395.E 0 *C Interest due - 8,11/49 8,443.75 Interest due - 2/1/50 8,443.75 Principal due - 2,7/50 25,000.00 Int. on $6252000 - 2,x1,/50 to 8/1/50 8 110.00 ,649 — 997.50 Advanced from General Fund 8.500.00 Total Requirements $5g�,497.50 Less Balance in Fund 6/30149 £',500 - C _ Amount Necessary to Raise .9,997.x50 Assessed Value District No. I - $34,071,' +50.00 Assessed Value District No. 2 - '1.040.W 34,16 413,4'x"0.00 Q .15 51,620.24 !M . "Exhibit A" - Page 6. R.681IL; ANT TA% RATES C721BIRED Tax Diet. No. 1 1 4� TA% RATE Cv1TUTATIUNS 1949250 General Government 1.00 General GovetTlmPnt and Recreation 1.00 Sewer Bonds .05 Assessed Amount Rate per Will Tax District Valuation to Raise $100 Valuation Produce 02 No. 1 (34,071,450.00 .15 No. 2 342.040.00 (isle 2% delin.i Library 634,413.490.00 461,070.23 1.00 337,252.20 Total Tax Rates 1.20_ v TRUNK LINE 1)Z -hTIR BONDS INTEREST G REDEMPTION 111,0�- No, 1 30','T ,45(, -- - No. 2 .,,342,04 .C<1 34,IX,490.00 14,119.50 .05 17,206.74 WATER WORKS BONB INTEREST AND REDEMPTION No. 1 only 34,071,450.,00 6,104.42 .02 6,314.29 ELECTION 148 WATER WORKS BOND INTEREST AND REDEMPTION No. 1 34,071,450.00 No. 2 342,040.00 34,413,490.00 49,997.50 .15 51,620.71, R.681IL; ANT TA% RATES C721BIRED Tax Diet. No. 1 1 4� 1948_49 1949250 General Government 1.00 1.00 1.00 Sewer Bonds .05 .03 .05 Water Works Bonds (Diet, 1? .OS 03 02 1948 Water Works Bonds - - - - _ .15 Pension .10 .08 .12 Library 06 Total Tax Rates 1.20_ v 1,14 +� 111,0�- Tax Dist. No. 2 General Government 1.00 1,00 1.rx, Sewer Bonds .05 .03 .013 1948 Water Works Eton s - - - - Pension .';: .08 .12 Library _ - - - - - .06 Total Tax Rates 1.15 1.11 1.38 M. I. D. ill - Same as Tax District No. I - No special levy necessary this year. Foregoing budget approved by the City Council of the City of E1 Segundo, California, at its regular meeting held August 17th , 1949. -•7- , "Exhibit A" - Page 7.