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Home My WebLink About12-11-2024 MTC Agenda Packet Mass Transportation Committee AGENDA Wednesday, December 11, 2024, 2:30 p.m. Council Hearing Room, 990 Palm Street, San Luis Obispo The Mass Transportation Committee holds in-person meetings. Zoom participation will not be supported. Attendees of City Council or Advisory Body meetings are eligible to receive one hour of complimentary parking; restrictions apply, visit Parking for Public Meetings for more details. INSTRUCTIONS FOR PUBLIC COMMENT: Public Comment prior to the meeting (must be received 3 hours in advance of the meeting): Mail - Delivered by the U.S. Postal Service. Address letters to the City Clerk's Office at 990 Palm Street, San Luis Obispo, California, 93401. Email - Submit Public Comments via email to advisorybodies@slocity.org. In the body of your email, please include the date of the meeting and the item number (if applicable). Emails will not be read aloud during the meeting. Voicemail - Call (805) 781-7164 and leave a voicemail. Please state and spell your name, the agenda item number you are calling about, and leave your comment. Verbal comments must be limited to 3 minutes. Voicemails will not be played during the meeting. *All correspondence will be archived and distributed to members, however, submissions received after the deadline ma not be processed until the following day. Public Comment during the meeting: Meetings are held in-person. To provide public comment during the meeting, you must be present at the meeting location. Electronic Visual Aid Presentation. To conform with the City's Network Access and Use Policy, Chapter 1.3.8 of the Council Policies & Procedures Manual, members of the public who desire to utilize electronic visual aids to supplement their oral presentation must provide display-ready material to the City Clerk by 12:00 p.m. on the day of the meeting. Contact the City Clerk's Office at cityclerk@slocity.org or (805) 781-7114. Pages 1.CALL TO ORDER Chair Figueroa will call the Special Meeting of the Mass Transportation Committee to order. 2.PUBLIC COMMENT FOR ITEMS NOT ON THE AGENDA At this time, people may address the Committee about items not on the agenda. Persons wishing to speak should come forward and state their name and address. Comments are limited to three minutes per person. Items raised at this time are generally referred to staff and, if action by the Committee is necessary, may be scheduled for a future meeting. 3.COMMENT AND DISCUSSION 3.a 2025-27 MASS TRANSPORTATION COMMITTEE GOAL SETTING AND THE FINANCIAL PLAN PROCESS 5 Recommendation: The MTC will recommend goals and tasks for the upcoming FY25-27 Financial Plan based on the draft Short-Range Transit Plan update and Transit Innovations Study. 4.ADJOURNMENT The next Regular Meeting of the Mass Transportation Committee meeting is scheduled for January 8, at 2:30 p.m. in the Council Hearing Room at City Hall, 990 Palm Street, San Luis Obispo. LISTENING ASSISTIVE DEVICES are available -- see the Clerk The City of San Luis Obispo wishes to make all of its public meetings accessible to the public. Upon request, this agenda will be made available in appropriate alternative formats to persons with disabilities. Any person with a disability who requires a modification or accommodation in order to participate in a meeting should direct such request to the City Clerk’s Office at (805) 781-7114 at least 48 hours before the meeting, if possible. Telecommunications Device for the Deaf (805) 781-7410. Service Complaints: Complaints regarding bus service or routes are to be directed to the customer service line at (805) 594-8090. Reports of complaints/commendations are available to the public upon request. Agenda related writings or documents provided to the Mass Transportation Committee are available for public inspection on the City’s website: https://www.slocity.org/government/mayor-and-city-council/agendas-and- minutes. Meeting recordings may be found on the City’s website: https://opengov.slocity.org/WebLink/Browse.aspx?id=60984 Page 4 of 13 Advisory Bodies 2025-27 Financial Plan Goal Setting Parameters 1 Attachment A Page 5 of 13 San Luis Obispo is committed to… Good Fiscal Management Public Engagement Quality Services Page 6 of 13 3 Policy Context Section 802. Annual Budget Section 803. Public Hearing on the Budget Financial Plan Objectives Two -Year Budget City Charter Adopted Budget Policies Second Year Budget Links resources to identified community needs and Council goals. Establishes program policies and goals. Reinforces the importance of long-range, strategic planning. Promotes more orderly spending patterns. Reduces time and resources allocated to budget preparation. Council will review progress during the first year and approve appropriations for the second fiscal year. City Manager shall send to the Council a careful estimate of the amounts required for business and proper conduct of all departments/offices. Council shall hold a public hearing on the proposed budget at which interested persons desiring to be heard shall be given such opportunity. Page 7 of 13 A look-back on 2023-25 Financial Plan Objectives Adopted Major City Goals: 4 Page 8 of 13 2024-25 Budget Highlights Challenges Opportunities Damages from Winter 2023 storms necessitated costly repairs Early identification of looming costs to allow sufficient time to plan Cost escalation for labor and materials, internally and with contractors Strong history of sound financial management policies and practices Limited financial and staff resources to complete capital projects on schedule FEMA and CalOES reimbursement for storm expenditures to replenish reserves 5 Page 9 of 13 Overall Financial Forecast 6 All funds are in good financial standing based on current assumptions and recommendations Revenue growth is expected to moderate Expenditure growth needs to moderate as well Limited ability to fund net new programs Prior commitments are coming due and need to be budgeted for Investment in existing ongoing services, programs, and infrastructure take priority Page 10 of 13 7Considerations When Setting Goals Financial Plan Development Financial forecast Major City Goals Community input Commitment to fiscal sustainability Consideration of service levels Measure G-20 priorities Mandates Future needs City Charter Debt service obligations Fiscal and budget policies Advisory Bodies Strategic plans Local laws Macroeconomic conditions General Plan Core service requirements Page 11 of 13 Goal-Setting & the Budget Process The proposed Financial Plan Calendar will be presented to Council on 10/1/24 Page 12 of 13 QUESTIONS? 9 If you have any additional questions you can reach out to: Riley Kuhn - Principal Budget Analyst rtkuhn@slocity.org Emily Jackson - Finance Director ejackson@slocity.org Page 13 of 13