HomeMy WebLinkAboutr 10539 Approve Amendment Financial Management Manual and 2013-15 Financial Plan Reallocation of Development FeesRESOLUTION NO 10539 (2011 Series)
A RESOLUTION OF THE COUNCIL OF THE CITY OF SAN LUIS OBISPO
APPROVING THE AMENDMENT OF THE FINANCIAL MANAGEMENT ;MANUAL
AND Tllls BUDGET AND FISCAL POLICIES SECTION OF THE 2013 -15 FINANCIAL
PLAN TO REFLI?CT A POLICY CONCERNING THE REALLOCATION OF
DEVELOPMENT FEES
WHEREAS the City Council adopted the 2013 -15 Financial Plan on June 17 2013
which established comprehensive financial and policy guidelines for fiscal years 2013 -14 and
2014 -15 and
WHEREAS the 2013 -15 Financial Plan included appropriations and forecast revenues
for both years of the 2 year plan and
WHEREAS the City provides development services to the community to ensure that
future development is designed in accordance with the City s zoning and planning guidelines
and
WHEREAS the City has experienced substantial growth in the number of development
applications that have been submitted for processing and the fees paid with these applications
represent a prepayment for review planning and inspection services that must be provided in
accordance with statutory guidelines and time limits and
WHEREAS development activity is inherently unpredictable and there are times when
development review activity peaks and the City determines that it is necessary to augment the
existing staff resources that are available to provide these services in order to ensure that they are
accomplished within the timeframes set in state law and
WHEREAS the Community Development Director recommends a policy that will allow
for the timely identification and quantification of the additional costs associated with meeting the
demand for development review services while matching costs of necessary services with
available revenues and has proposed a policy that will allow for this to occur as set forth in
Exhibit A to this resolution which is incorporated by reference herein
NOW, THEREFORE, BE IT RESOLVED that the Council of the City of San Luis
Obispo hereby finds and directs
I That the above recitals are true and correct
2 That the proposed policy shown in Exhibit A is hereby adopted and made a part of the
City of San Luis Obispo s Financial Management Manual at Section 550 A
3 That the Budget and Fiscal Policies Section of the 2013 -15 Financial Plan is hereby
amended to incorporate the proposed policy shown in Exhibit A
R 10539
Resolution No 105')9(2014 Series)
Page 2
4 That the Director of Finance shall take all necessary steps to implement these actions as
soon as practical
Upon motion of Council Member Ashbaugh seconded by Vice Mayor Christianson and
on the following roll call vote
AYES Council Members Ashbaugh Carpenter and Smith
Vice Mayor Christianson and Mayor Man
NOES None
ABSENT None
the foregoing resolution was adopted this 17`h day of June 2014
ATTEST.
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APPROVED AS T
I nsUne Dietnck
City Attorney
Resolution No 10539 (2014 Series)
Page 3
EXHIBIT A
The City Manager may reallocate Development Services revenues for Development Services
expenses that are projected to exceed the current revenue budget estimate to acquire temporary
resources for the purpose of accomplishing the timely processing of development permit
applications and perform other related permit processing activities while maintaining a balanced
budget In no case shall the reallocation of revenues exceed 75% of the projected revenue that
is estimated to exceed the current development fee revenue budget forecast Any and all
reallocated revenues shall be reported to the City Council on a senii- annual basis as part of the
Mid -Year and annual budget adoption presentations The finance Department shall review the
justifications for the reallocations of these revenues and shall confirm the balance remaining in
the Development Services Account
An account shall be established in the General fund to solely account for the balance of
development services fees received that may be reallocated for the purpose described above