Montebello Balances its 2012-13 Budget, Will End this Year with $560,000 surplus

Jun 2, 2012 Full story: www.sgvtribune.com 65

After being on the brink of fiscal insolvency this time last year, city officials have turned things around in Montebello by producing a balanced budget with a small surplus.

"This is not an ideal budget," said Interim City Administrator and Finance Director Francesca Tucker-Schuyler said. "Is it adequate? It probably isn't. But is it a balanced budget? Absolutely ... and we will be pressing forward." The 2012-13 fiscal year, which begins July 1, includes $44,494,000 in projected revenues and $44,420,000 in expenditures.

"This was done without layoffs and furloughs and hopefully that will continue in the year," Councilman Bill Molinari said. "It's not where we'd like to be, but it's certainly a very competent achievement given the circumstances."

Francesca Tucker-Schuyler said she plans on analyzing revenues and expenditures every quarter with department heads "so that we can conserve as much as we can to the extent that we can so we can anticipate the fiscal year 2012-13 as well as 2013-14." The final fiscal package will go before the council for approval on June 13.

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“Hilltop Park Above All”

Since: Sep 08

Montebello, CA

#1 Jun 2, 2012
While not a perfect budget, it is a lot better than some other local city's budgets which are in worse fiscal condition.

It also shows that there is more than one way to balance a budget, including using one of the Vasquez methods: raid the self-insurance fund.
Fool Finder

Los Angeles, CA

#2 Jun 2, 2012
42 yr North Mtb resident wrote:
While not a perfect budget, it is a lot better than some other local city's budgets which are in worse fiscal condition.
It also shows that there is more than one way to balance a budget, including using one of the Vasquez methods: raid the self-insurance fund.
It's a budget utterly detached from reality as all will find out within a few short months. Budgets are like computers: garbage in, garbage out.
Resident

United States

#3 Jun 2, 2012
Nice positive artile in the Whittier Daily News

http://www.whittierdailynews.com/ci_20767891/...

He fits right on in.
El Guapo

Montebello, CA

#4 Jun 3, 2012
Resident wrote:
Nice positive artile in the Whittier Daily News
http://www.whittierdailynews.com/ci_20767891/...
He fits right on in.
And what does this have to do with making sound decisions for the City? Christina Cortez fails to report her campaign contributions something to really look into don't you think?

“Hilltop Park Above All”

Since: Sep 08

Montebello, CA

#5 Jun 4, 2012
Someone who apparently has an ax to grind with Jack has been posting this all over Montebello topix threads, despite it having no significant relation to the threads. Perhaps he didn't notice that the story itself was posted by roboblogger?
trash talk

United States

#6 Jun 20, 2012
http://www.sgvtribune.com/opinions/ci_2090029...
Our View: Sales-tax push a terrible ideaPosted: 06/20/2012 01:01:22 PM PDT

THE sales tax in the state of California is 7.25 percent.

No it's not, you say - I pay a lot more than that! You do indeed, and that's because of add-ons from Los Angeles County, and Metro, and sometimes even from the city in which you live.

Even the base is a relatively high sales tax, as there are some states that, because of oil wealth - Alaska - gambling income - Nevada - or just a different way of looking at government economics - Oregon - charge no sales tax at all.

The conversation about what the correct rate of California sales tax should be is a complicated and dangerous one - dangerous in that it inevitably involves the matter of Proposition 13, which limits property tax in the state. Other states with no or lesser sales-tax percentages have vastly higher residential property taxes. Proposition 13 is a matter for another day.

Another controversy over reliance on sales taxes, especially for the percentage that goes to the city in which sales are made, is that it artificially encourages cities to promote businesses with big-ticket sales - automobiles, especially - at the expense of residential or other commercial development.

http://www.sgvtribune.com/news/ci_20894634/mt...

But whether voters, already recovering from the worst recession since the Great Depression, will approve the plan at the polls remains to be seen. The plan also comes as MTA staff warned of a possible deficit to Metro's budget in a report released this spring.

Together with Browns sales tax increase it should be a fun November
Crazies

Montebello, CA

#7 Jun 20, 2012
It's time to recall the three stooges (Molinari, Cortez and Barajas) for not doing their job as our elected representatives. Bankruptcy here we come.

“Hilltop Park Above All”

Since: Sep 08

Montebello, CA

#8 Jun 21, 2012
Crazies wrote:
It's time to recall the three stooges (Molinari, Cortez and Barajas) for not doing their job as our elected representatives. Bankruptcy here we come.
Are you saying that they are avoiding their responsibility by not initiating bankruptcy, or that their actions are leading to bankruptcy? Please be clear.
trash talk

United States

#9 Jun 21, 2012
Bankruptcy might be agood thing.
It neds to be looked at seriously as do all measures
Selling the Water Company
Developing the golf course
Sales tax increase
Outsourcing the Fire Department and PD
Outsourcing most everything else
Is Crazies the name of your group?
El Guapo

Whittier, CA

#10 Jun 21, 2012
Bankruptcy is not easy, the City wouldnt qualify to begin with. Montebello would have to sell off all of its assets first.
Another boring meeting

Los Angeles, CA

#11 Jun 21, 2012
Trash talk and Crazies seem to be on the right track.

“Hilltop Park Above All”

Since: Sep 08

Montebello, CA

#12 Jun 21, 2012
El Guapo wrote:
Bankruptcy is not easy, the City wouldnt qualify to begin with. Montebello would have to sell off all of its assets first.
The $20 million in unreimbursed money from the CRA would seem to be a good place to start. Then, there's the HUD money that the gov't still appears to want, several lawsuits wending their way through the process that the city will probably have to pay millions to.

Sounds ready for BK to me.
tired

Lake Elsinore, CA

#13 Jun 21, 2012
Does any one know how much they borrowed to come up with a balanced budget?
trash talk

United States

#14 Jun 21, 2012
They are using the "self insurence fund" instead of getting a loan this year.
Last year there ws not enough money in the "fund" to borrow against.
The self insurence fund is not really a seperate account
More like a bookeeping item
All the money is in the General fund bank accounts.
But it's allocated to pay claims.
City undid the allocation, the "reserve" and made it available to balancd cash flow.
But it is real money
and if it's spent
and the City has to pay a big claim- like Sevacherian's or the Hilton or...
Then it's not there.
Good practice is to have some reserves
Still. it's better to roll the dice than to pay so much for a short term bridge loan.
Everyone has heard Bill say that the City only get's paid from teh State a few times a year and must anticipate those payments with borrowing- Tax anticipoation funding it's called.
WRONG
What you do is to get the money, then pay the bills and save some for a rainy day fund.
Why be like Check into Cash or any other pay day loan scam.
When did the City get into the habit of spending next year's income this year?
REally hurts when revenue drops.
Previous administration got the City behind the 8 ball and tehn failed to take corrective measures promptly eventhough they knew or should have known that they were skating on thin ice.
Many City's- take Rosemead,take their income and put it in the bank, they then have money in the bank. They pay their bills
They know that they can ride through till the next State Payment comes in and do not have to pay high fees for short term loans.
Sorta like having their Checking Account tied to their savings account.
Time for Pay-AS-you-go
Blinkie

Alhambra, CA

#15 Jun 22, 2012
El Guapo wrote:
Bankruptcy is not easy, the City wouldnt qualify to begin with. Montebello would have to sell off all of its assets first.
Would also run the risk of the judge not approving it as past spending of assets, in some instances, was willful mismanagement. A couple of cities that have filed have been booted out of court. And is it safe to say that future law suits that are brewing, and possibly yet to be filed have been taken into account when developing the budget?
trash talk

United States

#16 Jun 22, 2012
I do not think you are correct, blinkie, that future lawsuits have been taken into account.
If they ad the City would not have a "balanced budget" much less a half million dollar "surplus"
The Sevacherian deal is way over 3 million and the Hilton management group is over 4 Million. There are also no funds to pay the baloon payment on the "loan" bond swap from the old CRA that alowed the City to slide through by "paying back" the money illegally taken from the restricted funds.
The City paid the money back but still owes the money- got it.
Dragoo and Wilsey sued the City
One claim is that the City (Tam Specifically) also took "asset forfiture" monies without authorization.
Now they are taking some asset forfiture money but doing it above board.
They say that this diversion has never been properly investigated
What say ye Franscea, Frank, Christina???
settle down

United States

#17 Jun 23, 2012
Dragoo and Wilsey are suing the city again? I'm sure they are but havnt seen anything yet. What's their deal this time? Let me guess. A bunch of slaner towrd the chief that got rid of them? They are both loosers. We saw that from the last claim they filed. Can't wait to see this one. BTW. Asset Fort money is auditted every year by the feds no exceptions whatsoever. If that is their claim them the are bigger idiots than I thought. And one other thing. The chief of police is responsible for those funds. Not Tam or anyone else. So if the funds were not used correctly Wilsey should look at himself. Forward the claim if u have it. Would love to see it.
Theolona Ranger

United States

#18 Jun 23, 2012
settle down is very insightful
A copy of the complaint is circulating
perhaps we can get Topix to post it-
it is a good read-
if you know how to rad between the lines-
and settle down evidently does

It does appear that asset forfiture money, as well as ALLof MOntebello's money, was severly mishandled during the administration of the gang of three.
BTW
Wilsey and Dragoo support Christina Cortez
With supporters like these who needs enemies.
Lotsa luck Christina

It was said last lawsuit was these guys could ever hope to get promoted was to settle in their favor.

Whats the scutttlebut about waring gangs in the MPD?
Troll Patrol

Los Angeles, CA

#19 Jun 23, 2012
trash talk wrote:
I do not think you are correct, blinkie, that future lawsuits have been taken into account.
If they ad the City would not have a "balanced budget" much less a half million dollar "surplus"
The Sevacherian deal is way over 3 million and the Hilton management group is over 4 Million. There are also no funds to pay the baloon payment on the "loan" bond swap from the old CRA that alowed the City to slide through by "paying back" the money illegally taken from the restricted funds.
The City paid the money back but still owes the money- got it.
Dragoo and Wilsey sued the City
One claim is that the City (Tam Specifically) also took "asset forfiture" monies without authorization.
Now they are taking some asset forfiture money but doing it above board.
They say that this diversion has never been properly investigated
What say ye Franscea, Frank, Christina???
Right on all counts. But you left out the 800 pound gorilla; that being the roughly 11 mil in successor agency liabilities that the Department of Finance has refused to fund. The recently passed budget is complete fantasy...
ORG

La Puente, CA

#20 Jun 23, 2012
The City has been getting TRAN's since the OC BK blunder! The mismanagement is in the Culture of the Council. Any time any person or group brought to light what was really going on they were targeted for replacement or behind the scenes punishment. I know, it happened to me. ORG!!

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