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HomeMy WebLinkAbout12-16-2014 B1 LamersCOUNCIL MEETING: II-Rim � 1 Sales Tax 14,242 15,406 15,277 15,739 15.17 Financial Plan 17,542 18,099 18,664 15,907 16,897 2 Measure Y/G Sales Tax 6,494 6,774 6,775 6,882 7,141 7,393 7,635 7,880 8,129 3 Sales Tax Prop 172 328 392 350 411 432 464 500 534 567 4 Property Taxes 9,177 8,960 8,934 9,263 9,801 10,183 10,600 11,046 11,520 5 Property Tax in Lieu of VLF 3,533 3,646 3,722 3,849 4,073 4,231 4,405 4,590 4,787 6 Transient Occupancy Tax 5,572 6,063 6,290 6,518 6,844 7,170 7,496 7,822 8,148 7 Utility Users Tax 4,916 5,345 5,500 5,506 5,720 5,949 6,187 6,434 6,692 8 Franchise Fees 2,552 2,637 2,540 2,676 2,716 2,757 2,798 2,840 2,883 9 Business Tax 2,055 2,143 2,185 2,197 2,251 2,308 2,365 2,425 2,485 10 Real Property Transfer Tax 256 288 180 180 1 184 187 191 195 199 1 1: 12 Gas Tax / TDA / Transfers In 1,375 1,640 1,489 1,489 1,489 1,489 1,489 1,489 1,489 13 Other Subventions & Grants 1,355 1,238 327 399 319 319 319 319 319 14 Development Review Fees 2,595 4,207 3,396 5,206 4,115 4,527 5,260 6,044 6,775 15 Recreation Fees 1,748 1,733 1,548 1,635 1,667 1,701 1,735 1,769 1,805 16 Other Service Charges 1,851 1,952 1,743 1,763 1,764 1,764 1,764 1,764 1,764 17 Other Revenues 903 604 373 496 496 496 496 496 496 e' � 19 Subtotal Ncn -1 m�� 21 22 23 24 Operating Expenses (excl PERS) PERS Normal Costs.' ; :- -, PERS Warided Liability "' - Development Svcs Allocation 40,996 3.145 4,443 - 42,417 2,921 4,642 - 43,982 4,522 3,791 - 46,309 4,621 3,791 1,358 45,101 3,535 5,629 1,154 46,186 3,735 6,327 1,460 47,895 3,836 6,942 2,007 WiNIF 48,708 3,935 7,592 2,595 V711W 50,432 4,031 8,278 3,143 25 Subtotal: Operating Expenses 48,583 49,981 52,295 56,079 A,41 9 57,708 26 Bond Costs (4,572) (1,124) - - - - 38 Fund Balance, Beginning of Year 13,684 27 Debt Service 2,773 3,551 5,577 5,382 3,000 2,994 2,994 2,892 2,280 28 Transfer to CDBG 45 52 75 75 126 126 126 126 126 29 Transfer to Insurance Benefit Fund X11 - 280 280 1,124 - - - - 30 CIP - Fleet Replacement 500 411 533 533 624 655 824 824 975 31 CIP - IT Replacement 200 566 967 967 650 683 700 850 900 32 CIP - Major Facility Replacement - 853 551 551 607 637 720 825 850 33 1 CIP - All Other 3,496 5,754 2,516 . 2,739 3,765 3,9531 3,953 4,072 4,400 ■ . 1 r 1 9,048 36 Revenues Over /(Under) Expenses 3 3,356 1,860 95 2,175 728 1,079 784 1,326 1,306 37 One Time Use of Reserve - (2,261) (4,572) (1,124) - - - - 38 Fund Balance, Beginning of Year 13,684 18,938 15,189 20,797 18,400 18,004 19,083 19,867 21,193 39 Funding Adjustment 1,897 - - - - - ,1 18,938 20,797 I X11 18,004 19,083 41 Reserve @ 20% Operating Costs 10,070 10,458 10,813 11,216 11,384 11,542 12,136 12,566 13,177 42 Adj for Debt Svc Reserve (332) (332) (332) (332) (332) (332) (332) (332) (332 43 Encumbrance & Designated Reserve 5 (1,768) (6,272) (1,700) (2,444) (1,320) (1.320) (1,320) (1,320) (1,320 In 20% Reserve Level 168 1581 594 430 611 Notes 1 PERS costs estimated based on CaIPERS valuation reports and broken out by normal cost vs unfunded liability to show the impact of PERS rate changes. 2 Relfecs 75% of development services revenues in excess of prior fiscal forecast levels 3 Projected revenues over expenses excluces one -time use of designated reserves shown in the line below 4 2014 -15 use of reserve includes $2 million CJPIA, $196k Dev Svcs SOPC, $1.81VI carryover, $468k Dev Svcs revenue appropriation. 2015 -16 reflects CJPIA. e 2013 -14 reserve includes $2.1M CJPIA, $17M contingency reserve, $1.81VI carryover, $468k Dev Svcs, $196k SOPC. 2014 -15 and beyond reflects CJPIA. 6 Undesignated reflects balance available for appropriation. If allocated to operating this amount is to be reduced by 20% for reserve requirements. 12116/2014 a SLO CITY'C�f -RK