HomeMy WebLinkAbout12-10-2013 ac codron b2Dtc 0I 2013
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DATE December 9,2013
TO:
FROM:
VIA:
City Council
Michael Codron, Assistant City Manager
Katie Lichtig, City Mana*.r @ {*
AGENDA
CORRESPONDENCE
SUBJECT: Council Actions to Balance 2013-15 Financial Plan
The City Council adopted the 2013-15 Financial Plan on June 17,2013. During this meeting
there were both increases and decreases made to the funding amounts identihed in the
preliminary financial plan document.' For example, funding was increased for additional
Downtown patrol offrcers, bikeways, wayfinding signs, open space acquisition, and the Jack
House gazebo. To accommodate these increases, decreases were made to the funding provided
for the annual paving program, storm drain replacements, traffic sign maintenance and parking
lot maintenance. The reduced funding amounts are shown in the table below
At the time, the Council discussed prioritizing the restoration of these funding reductions if the
City's fiscal outlook improved. Although the issue was discussed, it was decided that restoring
this funding should not happen automalically, but could always be considered by the Council at a
later time. A Council member has now asked staff to provide this information.
On Tuesday, December 10, the City Council will receive a presentation regarding the City's
year-end results for the 2012-13 fiscal yeqr, and a fiscal forecast. The purpose of the agenda item
is to provide the City Council with information about last year's results, and to set the stage for
future budget decisions. At this time, staff is not recommending any changes to the budget, and
the meeting has not been noticed to allow for budget adjustments, The normal time to consider
restoring funding for these items, or for any new budget proposals, would be during discussion
of the 2013-15 Financial Plan Supplemçr-rt in June. However, given the opportunity that the year-
end results present and the previous'direction from the 'City Council about funding for
development review service and w'orkload management, staff is planning to present
recommendations to the City Couricil at the Mid-Year Budget Review in February. If the
Council would like to provide staff with conceptual guidance regarding funding for the
aforementioned items staff will incorporate these items into the Mid-Year budget
recommendations.
Proiect Name FY r3l14 FY 14l1s
($2s,700)Annual Paving ($ 19,300)
($33,600)($s0,000)Storm Drain Replacements
($40,000)Traff,rc Sign Maintenance
($50,000)Parking Lot Maintenance