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Home My WebLink About11-13-2014 BW1 Presentation2015-17 Financial Plan Setting the Stage Background Materials for the 2015-17 Goal Setting and Financial Plan Process November 13, 2014 1 Background Council will hold Community Forum January 13 and Goal Setting Workshop January 24 to establish goals for 2015-17 In advance of Community Forum, two budget workshops are being held to provide background information for consideration as a foundation for the upcoming goal setting process “Setting the Stage” report reviews progress on current goals, plans and projects before setting new goals for the 2015-17 Financial Plan December 16 “Budget Foundation” meeting will focus on fiscal outlook Major City Goal work plans will ultimately be developed with the idea that we can do anything, just not everything No specific action required at tonight’s meeting 2 Presentation Overview General Fiscal Outlook Status of 2013-15 Goals & Objectives Status of General Plan Programs Status of Current CIP Projects Long-Term CIP 3 General Fiscal Outlook Council will receive General Fund Five Year Fiscal Forecast for 2015-20 on December 16th General Information Revenues have continued to rebound Unaudited 2013-14 results show revenues, expenditure savings, and fund balance all exceed budget forecast Audit work is on-going at this time CalPERS actuarial reports provided in October include PERS rate increases for future years. The following table demonstrates 2015- 16 rate changes: PERS Rates 2014-15 Actual 2015-16 Projected 2015-16 Actual Variance Miscellaneous 26.3% 27.3% 28.3% 1.0% Safety Tier I* 45.2% 47.6% 48.3% 0.6% Police Tier II 21.5% 21.5% 15.4% -6.1% Fire Tier II 23.1% 23.1% 17.3% -5.8% * Safety Tier I rate includes fixed payment for unfunded liability 4 Status Report: 2013-15 Goals and Objectives 5 Major City Goals Report Card 6 Major City Goal Highlights Address Homelessness Donation Stations in use City Council allocation of $250,000 towards homeless services center Neighborhood Wellness Neighborhood walk-abouts completed in Alta vista, Monterrey Heights neighborhoods – outreach and education Sustain Essential Services and Fiscal Health Council reviewed April report on unfunded liability payment options Full payment of $2.065 million made for retrospective insurance costs $1.2 million in payments towards unfunded retirement liabilities 7 Major City Goal Highlights Bicycle and Pedestrian Paths Completion of Bob Jones trail connection at LOVR Economic Development In process of securing data from the CA State Employment Development Department Assess/Renew Downtown Public Safety video cameras installed in the Mission Plaza area Skate Park Construction Construction of the skate park is underway with anticipated opening in winter 2015 8 Status of General Plan Programs 9 Status of General Plan Programs* 448 total programs 375 programs implemented (84%) 3% since last Financial Plan reporting Most incomplete programs are medium to high difficulty Status of General Plan Implementation Programs High Difficulty 4.5% Complete or Ongoing 84% Low Difficulty 1% Medium Difficulty 10.5% General Plan topics we’re working on: 2014 Land Use and Circulation Element Update Housing Element Update Climate Action Plan implementation Airport Area Specific Plan remediation *Includes Area and Specific Plans 10 How do we get there? 17 27 11 10 0 3 5 Incomplete Programs by Element Land Use (1994) Housing (2010) Circulation (1994) Conservation & Open Space (2006) Noise (1996) Safety (2012) Parks and Recreation (2001) Water and Wastewater (2010) 11 Status of Current Capital Improvement Plan Projects 12 Current CIP Status Report Purpose Concise but comprehensive summary of the status of CIP projects has been provided to the Council Identifies each project’s phase of completion Identifies opportunities to defer or delete projects that are not making progress and free-up resources to dedicate to other higher priority issues Recaps the City’s commitment to maintaining its infrastructure 13 Current CIP Status Report The City is making excellent progress in achieving our CIP goals 234 projects exist with available appropriations during the 2013-15 Financial Plan period: 157 Completed or In Process (67%) In process includes under construction, on-going projects 7 in the Bid Process (3%) 47 in the Design phase (20%) 13 in the Study phase (6%) 10 are delayed or recommended to be cancelled (4%) 14 Current CIP Projects Completed Projects 33% In Process 34% Design Completed: in the bid process 3% Under Design 20% Under Study 6% Delay or Cancel 4% Status of CIP Appropriations 15 Current CIP Status Chart The following slide presents the status of CIP projects related to Major City Goals and Other Important Objectives 16 17 Current CIP Status Report Summary Detailed review shows we are making progress in our CIP goals Projects continue to make sense from a policy and priority perspective Ongoing, detailed review is an important part of effective CIP management 18 Long-Term Capital Improvement Plan Facility and Infrastructure Improvements Through General Plan Build-Out 19 Purpose of Long-Term CIP Assists the Council in developing goals for 2015-17 by providing a blueprint for the City’s capital investments needed in the future Includes improvements needed to support General Plan build-out, based on current policies, plans, and goals in place today Many infrastructure assets are not adequate to meet the needs of the future. For example: Streets must be built or widened Water or sewer lines must be extended New Parks must be built Long-Term CIP identifies these future needs Key caveat: Long-Term CIP does not reflect priorities: that’s the Council’s role during the budget process 20 Long-Term CIP: Key Assumptions New improvements only Ongoing maintenance improvements are not included Funding sources and phasing are not identified High-level cost estimates Not a prioritized list Starting place in assessing which projects might be a high priority to consider the next two years 21 Long Term CIP Report Organization By Function Project Title Plan and Policy Link Cost Estimate 22 Long-Term CIP by Function: $909 million Public Safety 6% Public Utilities 12% Transportation 65% Leisure, Cultural and Social Services 14% Community Development 1% General Government 2% Long-Term CIP by Function: $909 Million 23 Transportation: $585 Million Streets 50% Bikeway & Pedestrian Improvements 14% Parking 18% Transit 2% Creek & Flood Protection 16% Transportation: $585 Million 24 Long Term CIP: Examples Project & Plan or Policy Link Public Safety New Police Headquarters Facility Police Facilities Master Plan Public Utilities Water Reuse Master Plan Implementation Draft Water Reuse Master Plan Transportation – New Roads Prado Road extension: Broad to Higuera Circulation Element A.1 Transportation – Road Widening Tank Farm Road – S Higuera to Broad Circulation Element B.3 25 Long-Term CIP: Examples Transportation – Pedestrian and Bicycle Paths Railroad Bike Path – Depot to Marsh St Bike Plan Leisure, Culture, Social Services Orcutt Area Neighborhood Park Parks & Recreation Element Community Development Open Space Acquisition Conservation & Open Space Element General Government City Hall Expansion Facilities Master Plan 26 Summary These background status reports provide Council with the context in which goal setting will be considered and the 2013-15 Financial Plan will be prepared No Council action is required at this time 27 Comments / Questions? 28