The URL can be used to link to this page

Home My WebLink About04-23-2026 REOC Agenda Packet Revenue Enhancement Oversight Commission AGENDA Thursday, April 23, 2026, 5:00 p.m. City Hall, 990 Palm Street, San Luis Obispo The Revenue Enhancement Oversight Commission 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 may 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 Bozzano will call the Regular Meeting of the Revenue Enhancement Oversight Commission to order. 2.PUBLIC COMMENT FOR ITEMS NOT ON THE AGENDA The public is encouraged to submit comments on any subject within the jurisdiction of the Revenue Enhancement Oversight Commission that does not appear on this agenda. Although the Commission will not take action on items presented during the Public Comment Period, the Chair may direct staff to place an item on a future agenda for discussion. 3.CONSENT Matters appearing on the Consent Calendar are expected to be non- controversial and will be acted upon at one time. A member of the public may request the Revenue Enhancement Oversight Commission to pull an item for discussion. The public may comment on any and all items on the Consent Agenda within the three-minute time limit. 3.a CONSIDERATION OF MINUTES - APRIL 2, 2026 REVENUE ENHANCEMENT OVERSIGHT COMMISSION MINUTES 5 Recommendation: To approve the Revenue Enhancement Oversight Commission Minutes of April 2, 2026. 4.BUSINESS ITEMS 4.a FY 2026-27 SUPPLEMENTAL BUDGET RECOMMENDATIONS 7 Recommendation: In preparation for FY 2026-27 Supplemental Budget Adoption, recommend to the City Council the proposed allocation of Local Revenue Measure funds as referenced in the report and consistent with the approved priorities of the Local Revenue Measure. 5.STAFF AND COMMISSIONER ANNOUNCEMENTS 5.a STAFF UPDATES 5.b COMMISSIONER UPDATES 6.ADJOURNMENT The next Regular Meeting of the Revenue Enhancement Oversight Commission is scheduled for June 18, 2026 at 5:00 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. Agenda related writings or documents provided to the Revenue Enhancement Oversight Commission are available for public inspection on the City’s website, under the Public Meeting Agendas web page: https://www.slocity.org/government/mayor-and-city-council/agendas-and- minutes. Meeting video recordings can be found on the City’s website: http://opengov.slocity.org/WebLink/Browse.aspx?id=61028&dbid=0&repo=CityCl erk Page 4 of 12 1 Revenue Enhancement Oversight Commission Minutes April 2, 2026, 5:00 p.m. City Hall, 990 Palm St, San Luis Obispo REOC Commissioners Present: Chair Bozzano, Vice Chair Skapinsky, Commissioner Johnson, Commissioner McCarthy Absent: Commissioner Gardner _____________________________________________________________________ 1. CALL TO ORDER A Regular Meeting of the San Luis Obispo Revenue Enhancement Oversight Commission was called to order on April 2, 2026 at 5:00 p.m. by Chair Bozzano. 2. PUBLIC COMMENT FOR ITEMS NOT ON THE AGENDA No Public Comment 3. CONSENT 3a. CONSIDERATION OF MINUTES – NOVEMBER 20, 2025 REVENUE ENHANCEMENT OVERSIGHT COMMISSION MINUTES Motioned By Commissioner Johnson Seconded By Vice Chair Skapinsky To approve the Revenue Enhancement Oversight Commission Minutes of November 20, 2025. Ayes (4): Chair Bozzano, Vice Chair Skapinsky, Commissioner McCarthy, Commissioner Johnson 4. BUSINESS ITEMS 4a. Review of Audited Financial Statements Staff presented a selection of tables and excerpts from the Audited Financial Statements for FY 2024-25. No action by the commission was required. Page 5 of 12 2 4b. Review of Supplemental Budget Preview presented to City Council on March 3, 2026 Staff presented the relevant sections of the FY 2026-27 Supplemental Budget Preview from the March 3, 2026 City Council hearing. No action by the commission was required. 5. STAFF AND COMMISSIONER UPDATES 5.a STAFF UPDATES No updates 5.b COMMISSIONER UPDATES No updates 6. Adjournment The meeting was adjourned at 6:13 p.m. Page 6 of 12 Local Revenue Measure Local Revenue Measure FY 2026-27 Supplemental Budget The Local Revenue Measure (LRM) is a 1.5 percent local sales tax approved by City voters in November 2020 that went into effect on April 1, 2021. It replaced the previous 0.5 percent local sales tax approved by City voters in November 2014. The revenue provided by this measure has become instrumental in maintaining public infrastructure and delivering critical operating programs to address emerging needs identified by the community. Local Revenue Measure Ballot Language (G-20) “To protect City of San Luis Obispo’ s financial stability; maintain fire/community safety, health emergency/disaster preparedness; protect creeks from pollution; address homelessness; keep public areas clean/ safe; retain local businesses; maintain youth/senior services, streets, open space/natural areas, and other general services, by extending voter - approved funding at a 1.5¢ rate, providing approximately $21,600,000 annually until ended by voters; requiring audits/ all funds used locally” Revenue Forecast The Local Revenue Measure forecast was provided by the City’s sales tax consultants in April 2026 based on actual results through December 2025. This forecast is based on data segmented at the industry group level with unique growth rates for each, and factors in known business openings and closures. The forecast, detailed below, assumes modest growth rates in the current fiscal year and the next after several years of sub inflationary growth. Budget by Priority The City strives to align funding allocations with community priorities. These allocations change year to year based on emerging needs, large scale projects, and project readiness. The total allocations of Local Revenue Measure funds for operating and capital expenditures are detailed in the table below: Actuals Budget FY 2024-25 FY 2025-26 FY 2026-27 Local Revenue Measure 30,926,285$ 31,572,000$ 32,284,000$ YoY Growth 1.1%2.1%2.3% Page 7 of 12 Local Revenue Measure These priorities also receive funding from other sources including the General Fund and in some cases, certain enterprise funds. Changes from Financial Plan The priority allocations above reflect the community ’s feedback from development of the 2025-27 Financial Plan. Changes to recommended operating budget allocations since plan development reflect typical year to year changes in salaries and benefits and employee turnover. Changes to Capital Improvement Program (CIP) budget allocations are based project readiness and available resources. Detailed budget allocations are listed in the tables below. Capital Expenditures Budget: Capital expenditures create or maintain long term assets for community benefit. The tables below detail funding by project for capital expenditures: Total Budget by Priority FY 2026-27 % of Total Street Maintenance and Transportation 8,048,580$ 25% Community Safety and Emergency Preparedness 5,658,993 18% Creek and Flood Protection 5,594,083 17% Protect Financial Stability 4,753,592 15% Youth/Senior Services and Recreational Facilities 2,969,779 9% Open Space/Natural Areas Preservation and Maintenance 1,805,634 6% Other Services and Projects 1,038,945 3% Address Homelessness 992,462 3% Economic Development and Business Retention 774,420 2% Safe and Clean Public Areas 647,511 2% Total 32,284,000$ 100% Page 8 of 12 Local Revenue Measure Page 9 of 12 Local Revenue Measure Page 10 of 12 Local Revenue Measure Operating Expenditures Budget: Operating expenditures support the services and programs provided by the City. These include staff positions, contracted services provided by third parties, and other tools used by staff. The tables below detail operating expenditures by priority: Page 11 of 12 Local Revenue Measure Page 12 of 12