Report to Mayor and City Council
Tuesday, January 24, 2017
Discussion
SUBJECT:
Title
CONSIDERATION OF RESOLUTION 17-005 AMENDING THE FISCAL YEAR 2016-17 GENERAL FUND BUDGET TO INCLUDE THE BALANCE OF THE CULTURAL ARTS CONTRACT FUNDING (CITY COUNCIL)
Body
I. SUMMARY
At its July 5, 2016 meeting, the City Council recommended funding for seven organizations that applied for Cultural Arts funding. The total amount of funding recommended by the City Council for Fiscal Year 2016/17 was $164,688.00. However, one half of the total, or $82,344.00, was budgeted through the General Fund (Exhibit No. 3). The remaining half was due to come from the newly established Carson Community Foundation. The Community Foundation was organized late last year and funding from that source is not yet sufficient to fund these programs. Therefore, the City Council is asked to consider amending the Fiscal Year 2016-17 General Fund Budget to include the balance of the Cultural Arts contract funding in the amount of $82,344.00.
II. RECOMMENDATION
Recommendation
WAIVE further reading and ADOPT Resolution 17-005, “A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CARSON, CALIFORNIA, AMENDING the Fiscal Year 2016-17 General Fund budget in the amount of $82,344.00.
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III. ALTERNATIVES
1. DO NOT ADOPT Resolution 17-005
2. TAKE any action the Council deems appropriate.
IV. BACKGROUND
At its July 5, 2016 meeting, the City Council recommended funding for seven organizations that applied for Cultural Arts funding. Those seven applicants are Carson-based and met the required minimum rating score of 70 points. The total amount of funding recommended by the City Council for Fiscal Year 2016/17 was $164,688.00. However, after discussion and deliberation among the Mayor and Councilmembers, only half of the total, or $82,344.00, was budgeted through the General Fund.
Council discussed requesting the balance of funds from the newly established Carson Community Foundation. However, the Carson Community Foundation has been slower than anticipated in organizing. Also, the Board of the Community Foundation would need to review applications from the organizations to see which they would support.
Funding in the amount of $82,344.00 is not yet available from the Carson Community Foundation. Therefore, the City Council is asked to consider amending the Fiscal Year 2016-17 General Fund Budget to include the balance of the Cultural Arts contract funding in the amount of $82,344.00. The seven cultural arts programs that require funding are contained in Exhibit 3 of this staff report. The Council may wish to consider forwarding these programs to the Community Foundation to establish funding priorities, as the funds become available.
V. FISCAL IMPACT
The estimated Unassigned General Fund Balance is $2,114,646 at June 30, 2017, as presented in Exhibit No. 1. If City Council approves the proposed resolution, the estimated available to spend will be reduced by $82,344 (Exhibit No. 2).
VI. EXHIBITS
1. General Fund Running Budget Summary. (pg. 3)
2. Resolution No. 17-005. (pg. 4-5)
3. Cultural Arts Funding Recap. (pg. 6)
Prepared by: Dani Cook, Seniors Services Coordinator