Adopted budget estimates approximately $15,000 surplus.
Written by TIFFANY KHA / Published August 31, 2012
The city council recently adopted the annual budget which includes funding for various projects for the 2012-2013 fiscal year.
Proposed by City Manager Jose Pulido, the budget was unanimously approved during the June 19, 2012 city council meeting. Prior to the adoption of budget resolution, Administrative Services Director Tracy Hause gave a presentation of the budget.
The budget estimates $11.5 million in revenues, which is a 4.4 percent increase from the previous fiscal year.
According to Director Hause, the increase stems from sales taxes, property taxes, permits, fees, and interest payments.
The budget also projects $11.4 million in expenditures, which is a 1.5 percent increase from the previous fiscal year. A surplus of $14,770 is expected in June 2013.
Some highlights of the budget include “more aggressive” street maintenance, re-striping and painting of city streets and parking lots, funding of a radio station and a fixed-route shuttle service.
The radio station, AM 1690, will broadcast traffic updates on the Rosemead Boulevard Enhancement Project. These will include “multi-lingual announcements,” Mayor Vincent Yu said.
Additionally, the budget carries over two previously appropriated funds. The Chamber of Commerce will still receive supplemental funding for $25,000, while the Public Arts Advisory Group will also receive $15,000 to hire a consultant.
The city’s general reserves will rise to $21.7 million.
Mayor Yu and Councilmember Carl Blum sat on the Budget ad hoc committee that worked with city staff to produce the budget.
Peter Choi, President and CEO of the Temple City Chamber of Commerce, praised the budget, which includes an annual appropriation to the non-profit organization. Mr. Choi also noted that the Chamber website was recently renovated.