HomeMy WebLinkAboutr 10497 changes to 2013-14 budgetRESOLUTION NO. 10497 (2014 SERIES)
A RESOLUTION OF THE COUNCIL OF THE CITY OF SAN LUIS OBISPO
APPROVING CHANGES TO THE 2013 -14 BUDGET, INCLUDING THE APPROVAL
OF SUPPLEMENTAL FUNDING REQUESTS AND PROPOSED USES OF THE
GENERAL FUND RESERVE THAT EXCEEDS THE 20% MINIMUM LEVEL
WHEREAS, on June 17, 2013 the City Council approved the 2013 -15 Financial Plan
and the 2013 -14 budget; and
WHEREAS, in accordance with the City's Budget and Fiscal Policies, staff has
completed a review of the city's revenue and expenditure trends and has developed changed
forecast amounts which are explained and compiled in the Mid -Year Budget Review; and
WHEREAS, the City Manager has recommended the approval of three supplemental
funding requests received from the Public Works, Community Development and Fire
Departments.
NOW, THEREFORE, BE IT RESOLVED, by the Council of the City of San Luis
Obispo that:
1. The revised revenue and expenditure forecast amounts for 2013 -14 identified in the
Mid -Year Budget Review presented on this date are hereby adopted as the current forecasts for
2013 -14.
2. The supplemental funding requests for the operating programs of the Public Works,
Community Development and Fire Departments are hereby approved.
3. The one -time uses of the General Fund reserve that exceeds the 20% minimum level
have been identified and shall be restricted for such future use as shown in Exhibit A to this
Resolution.
4. The City Manager is hereby directed to make modifications to work programs, policies,
and other components of the Financial Plan to reflect consistency with funding approvals set
forth in this resolution.
Upon motion of Council Member Ashbaugh, seconded by Council Member Smith, and
on the following roll call vote:
AYES: Council Members Ashbaugh and Smith, Vice Mayor Christianson and
Mayor Marx
NOTE: Council Member Carpenter
ABSENT: None
R 10497
Resolution No. 10497 (2014 Series)
Page 2
The foregoing Resolution was adopted this 18th day of February 2014.
C:� PAtX�
Mayor J arx
ATTEST:
thony . M ' is
City Clerk
APPROVED:
Christine Dietrick
ity Attorney
Resolution No. 10497 (2014 Series)
Page 3
Exhibit A
Recommended one -time uses of the General Fund reserve that exceeds the 20% minimum level:
$3.0 million to pay down unfunded liabilities. This could be applied either to the $24 million
side -fund liability that exists in the California Public Employees Retirement System (Ca1PERS)
safety program or the retrospective deposit balance in the amount of $2.025 million that exists at
the California Joint Powers Insurance Authority. Further analysis with regard to the Ca1PERS
side -fund amount and options will be brought back to the City Council in April.
$1.7 million to backfill for Measure Y revenues in 2014 -15 if needed. As staff indicated in its
report to the City Council on January 21" and the Council concurred, one of the options to be
considered for preserving services in 2014 -15 in the event that the Measure Y revenue stream
does not continue beyond March 2015 would be to use a portion of the existing reserve amount
that exceeds the 20% level.
$300,000 for street paving and the paving of the Sinsheimer stadium parking lot.
o $220,000 for street paving master account construction phase
o $80,000 for paving of Sinsheimer stadium parking lot
$250,000 to be set aside as a matching grant for future use in acquiring land at 40 Prado
Road for the homeless services center as proposed by Community Action Partners of San
Luis Obispo County (CAPSLO). This assumes that other agencies, including the county and
the newly formed Homeless Foundation of San Luis Obispo County contribute their fair share.
The amount of the city's contribution could be reduced depending on the final tally of
contributions provided by other cities in the county. Yet this set -aside may be used to achieve
this aspect of the Homeless Major City Goal if required.
$250,000 to be used to begin the City Hall reconfiguration to provide an elevator for public
use and to consolidate two public service counters on the main floor.
$100,000 in funding for the development of a Mission Plaza Master Plan.
$196,000 to support the second year of Special Projects Temporary Staffing, related to the
Development Services supplemental funding request.