SAN DIEGO: City projects $3.6M surplus

(CNS) – Revenues coming into the city of San Diego are running
above projections through the first six months of the fiscal year, and that
should result in officials having an extra $3.6 million to spend, according to
a report presented to a City Council committee Wednesday.

The “Fiscal Year 2013 Mid-Year Budget Monitoring Report,” given to the
City Council's Budget Committee, found that San Diego is on pace to spend
$7.7 million more than expected through June 30 but will earn $13.2 million
more than had been anticipated.

The major contributors of the extra municipal income are property taxes –
– $14.6 million more than expected thanks, in part, to the dissolution of
redevelopment agencies — and $1.9 million extra dollars from hotel room taxes.
However, sales taxes, franchise fees and some other revenue sources are below
what was budgeted.

Once certain accounting adjustments are made, about $3.6 million should
be available for spending this fiscal year, according to the report.

Among the recommendations for using the surplus:

— $1.1 million for replacing police equipment, such as gas masks, body
armor, shields and shotguns;
— $500,000 to the fire department to replace a cliff rescue vehicle;
— $500,000 for a traffic management plan for Balboa Park;
— $400,000 to install two long-awaited public restrooms in the East
— $300,000 to support the the Balboa Park centennial celebration in two
— $300,000 to extend the city's emergency homeless shelter through
June; and
— $200,000 for maintenance at Mission Trails Regional Park.

Another $300,000 would remain unbudgeted for the time being and will be
added to the beginning balance of the next fiscal year if it's not used.

Council President Todd Gloria and Councilman David Alvarez questioned
some of the requests, primarily the legality of extending the homeless shelter
program and whether funding had been identified for maintaining the restrooms.

Gloria said his office has not been informed about any Balboa Park
traffic management plan, and he represents the area.

He called for a report on the scope of the project, its timeline and
details on public outreach.

The council members voted unanimously to forward the report to the full
City Council but without recommendation on the spending suggestions.

The city is facing a shortfall of up to about $40 million for the fiscal
year that begins July 1 due to adverse rulings on the end of redevelopment
and a higher-than-expected required contribution to its employee pension fund.

Categories: KUSI