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HomeMy WebLinkAbout02/15/2005, BUS 1 - 2004-05 MID-YEAR BUDGET REVIEW Y council Mftd"D" i-Is-os acEnaa wpopm CITY OF SAN LUIS OBISPO FROM: Ken Hampian,City Administrative Officer "' Bill Statler, Director of Finance & Information Technology Carolyn Dominguez,Finance Manager SUBJECT: 2004-05 MID-YEAR BUDGET REVIEW CAO RECOMMENDATION 1. Review and discuss the City's financial condition at the mid-point of 2004-05. 2. Approve revenue and expenditures changes presented in the accompanying Mid-Year Budget Review document,including added General Fund appropriations of$70,000. DISCUSSION The accompanying Mid-Year Budget Review for 2004-05 provides a comprehensive overview of the City's fiscal condition at the mid-point of the fiscal year. The Transmittal Memorandum (page A-1) sets forth a concise summary of key General Fund revenue and expenditure trends since adoption of the 2004-05 budget in June 2004. It also includes supporting documentation for the recommended mid-year budget adjustments. Overview: How Are We Doing? Consistent with the five-year General Fund forecast presented to the Council in December 2004, revenue trends are down in several of our key sources compared with original budget estimates, most notably sales tax, utility users tax, development review fees and investment earnings.. Fortunately, most of the impact of the reduction in those revenues is offset by some positive trends: property tax, and bowns�_' Summary transient occupancy tax and franchise fees are doing better At the end of the Transmittal than projected in the original 2004-05 budget. Memorandum is a one-page overview of our projected ending The net result of these revisions—including recommended financial condition for the General budget requests—is a projected ending General Fund Fund at June 30, 2005 that balance that is slightly higher. (by $64,800) than the summarizes"where we're up" December 2004 forecast: The ending fund balance and "where we're down'from our remains at 16% of operating expenditures compared with initial estimates in the our minimum fund balance policy of 20%. Financial Plan Supplement. 5 Background: Purpose of the Mid-Year Budget Review The City's two-year Financial Plan provides for the submittal of a report on our financial status to the Council every six months: For fiscal monitoring purposes, on-line access to up-to-date information is available to all departments, financial reports are issued monthly to key staff members and ( J I i 1 2004-05 Mid-Year Budget Review Page 2 quarterly financial reports are distributed to the Council and staff on an ongoing basis. Additionally, we issue focused reports to the Council and staff on key revenues such as sales tax, transient occupancy tax and investments,as well as ad hoc reports as needed. However, the formal submittal of a review at the mid-point of the fiscal year provides an opportunity to take a broader look at the City's financial picture,including: 1. Updating beginning fund balance projections based on actual results for the prior fiscal year. 2. Analyzing revenue trends since adoption of the Financial Plan, and revising revenues and ending fund balance projections accordingly. 3. Identifying and presenting any fiscal problem areas to the Council, and recommending corrective action or additional funding if required. 4. Presenting the status of major City goals, capital improvement plan projects and other important objectives. Report Organization The accompanying Mid-Year Budget Review is organized into five main sections: Section A: Transmittal Memorandum, which provides a concise review and analysis of the City's financial position and summarizes requested midyear budget adjustments. Section B: Comprehensive presentations of projected revenues, expenditures and changes in fund balance/working capital for each of the City's funds for 2004-05 compared with original budget estimates and actual results from 2003-04. Section C. Detailed supporting documentation for the requested mid-year budget adjustments. Section D. Recent financial and revenue reports: Quarterly Financial Newsletter, Sales Tax Newsletter and Monthly TOT Report. Section E. Status reports on major City goals, other Council objectives and major CIP projects. This includes recommended"Action Plan"revisions,which are fully discussed in the report. ENCLOSURE Mid-Year Budget Review for 2004-05 G:Budget Folders/Mid-Year Budget Reviews/Mid-Year Budget Review,200405/Council Agenda Report city of • i P • BUDGET REVIEW for the 2003=05 Financolal Plan 2003=05 Financial Plan MID-YEAR BUDGET REVIEW: 2004=05 DAVID ROMERO,MAYOR JOHN EWAN,VICE-MAYOR PAUL BROWN, COUNCIL MEMBER CHRISTINE MULHOLLAND, COUNCIL MEMBER ALLEN SETTLE, COUNCIL MEMBER KEN HAMPIAN, CITY ADMINISTRATIVE OFFICER Prepared by the Department of Finance&Information Technology Bill Statler,Director/City Treasurer Carolyn Dominguez, Finance Manager cityo San lues OBISPO TABLE OF • A Transmittal Memorandum Enterprise Funds Water B-30 Overview A-1 Sewer B-31 Financial Condition Summary A2 Parking B-32 Mid-Year Budget Requests A-3 Transit B-33 Prospects for the Future A-4 Golf Fund B-34 Status of Goals and Objectives A-4 Whale Rock Reservoir B-35 Conclusion A-4 General Fund Financial Condition Summary: Ups and.Downs A-5 C. Mid-Year Budget Requests B. Financial Condition Summaries Summary of Mid-Year Budget Requests C-1 Significant Operating Program Changes Facility Use Fees for Revenues by Fund B-1 Recreation Programs C-2 Operating programs B-8 Revenue Ballot Measure Capital Improvement Plan B-9 Feasibility Analysis C 5 Capital Improvement Plan Projects Interfund Transactions Short-Term Mosquito Abatement Operating Transfers B-10 Services for Laguna Lake C-8 Reimbursement Transfers B-12 Changes in Financial Position -- D. Recent Financial and Revenue Reports Combined Statements - - All Funds Combined B-13 Quarterly Financial Newsletter: Governmental Funds B-14 December 2004 D-1 Enterprise and Agency Funds B-15 Sales Tax Newsletter: General Fund B-16 Third Calendar Quarter 2004 D-3 Monthly TOT Report:December 2004 D-4 Special Revenue Funds Downtown Association B-17 Gas Tax B-18 E. Status of Goals and Objectives Transportation Development Act B-19 CDBG B-20 Introduction E-1 Law Enforcement Grant Fund B-21 Status of Major City Goals E-4 Capital Project Funds Status of Other Council Objectives E-19 Capital Outlay B-22 Status of Major CIP Projects E-21 Parkland Development B-23 Transportation Impact Fee B-24 Open Space Protection B-25 Airport Area Impact Fee B-26 Affordable Housing B-27 Fleet Replacement B-28 Debt Service Fund B-29 TRANSMITTAL MEMORANDUM TRANSMITTAL MEMORANDUM February 15, 2005 TO: City Council FROM: Ken Hampian,City Administrative Officer Bill Statler, Director of Finance&Information Technology Carolyn Dominguez, Finance Manager SUBJECT: MID-YEAR BUDGET REVIEW FOR 2004-05 OVERVIEW Council on December 14, 2004 as part of the 2005- (: { 07 Financial Plan process. As discussed below, the only notable exception are revenue estimates for In monitoring our fiscal condition, we provide development review fees: the Forecast projected ongoing financial information through a variety of these to be about$800,000 less than 2004-05 budget methods, including on-line access to up-to-date estimates. While still less, we have revised the information, "hard copy" monthly reports, quarterly reduction to$495,000. financial newsletters, and focused reports on key fiscal indicators such as sales tax, transient At the end of this Transmittal Memorandum is a occupancy tax(TOT)and investments. one-page overview of our projected ending financial condition for the General Fund at June 30, 2005 that In addition to these, the City's Budget and Fiscal summarizes "where we're up" and "where we're Policies also call for preparing a formal report to the down" from our initial estimates in the 2004-05 Council every six months on the City's financial Budget. status. This allows us to take a broader look at our financial picture at the mid-point of the fiscal year Continued Tough Times Ahead Due primarily to by: added State takeaways—totaling$1.5 million in 2003- 05—our fiscal position is not as strong as we projected 1. Updating beginning fund balance projections in the 2003-05 Financial Plan. Nonetheless,compared based on actual results for the prior fiscal year. with many other cities in California, we are well- positioned to deal with the challenges facing us. This 2. Analyzing revenue trends since adoption of the is only true because of the steps we have taken over a Financial Plan, and revising revenues and number of years to ensure our fiscal health ending fund balance projections accordingly. Most recently, these include closing a $7 million 3. Identifying and presenting any fiscal problem annual budget gap as part of the 2003-05 Financial areas to the Council, and recommending Plan process(largely through expenditure reductions); corrective action or additional funding if and revisiting the budget again to due to even more required. State budget grabs. This meant making additional expenditure cuts (most notably in our paving This is also an opportunity to provide the Council program); and for the first time since we adopted our with a formal update on the status of major City minimum reserve policy fifteen years ago of 20% of goals, capital improvement plan (CIP) projects and operating expenditures,we dropped below this to 16%. other objectives. While this is significant in signaling the tough fiscal Summary of Findings and Conclusions times facing us, it is also consistent with the strategy adopted as part of the 2003-05 Financial Plan: to use The updated revenue and expenditure projections our reserves as the first line of defense against State reflected in the mid-year review are generally budget takeaways. consistent with the results of the recent five-year General Fund forecast (Forecast) presented to the A-1 TRANSMITTAL MEMORANDUM General.Fund Focus is $173,900 (1.5%) less than the original 2004-05 budget. This mid-year budget review primarily focuses on programs and projects financed through the General Property Tax. Consistent with the Forecast, we Fund. Consistent with the City's policy of annually have increased this projection by 3% ($190,900), reviewing our enterprise fund rates,a comprehensive based on property tax revenue estimates provided by analysis will be presented on June 2, 2005 the County, combined with likely increases from addressing rate and revenue issues in the water, supplemental assessments. sewer,parking,transit and golf funds. Transient Occupancy Tax. We are retaining our Limited Mid-Year Budget Requests projection for 3% growth. However, this is applied against an actual "base" in 2003-04 that was greater Given our current fiscal outlook for 2004-05 and than original budget estimates. This results in beyond, we have only proposed mid-year budget revised estimate that is consistent with the Forecast. requests that are essential to meet costs that were not anticipated when preparing the 2004-05 Budget. Utility Users Tax. Consistent with the Forecast, this �y These requests, which are discussed in greater detail revenue source has been reduced by $157,300 (4%) below, need to be approved now in order to meet to reflect a lower level of collections from the cable timing requirements or adequately fund current and major phone companies. programs through the end of the fiscal year. Franchise Fees. Based on prior year collections,we FINANCIAL CONDITION SUMMARY have increased this estimate by $90,000 (4%). This revision is consistent with the Forecast Beginning General Fund Balance Vehicle License Fees. The State's budget for 2004- 05 includes the "VLF Swap," under which an equal The beginning General Fund balance (net of amount of "VLF Backfill" (in our case, about $1.9 encumbrances and carryovers) is $557,700 greater million annually) will be "swapped" for an equal than projected in the 2004-05 Financial Plan amount of increased property tax revenues. If this Supplement As discussed in the Comprehensive works as it is supposed to, this swap should be Annual Financial Report for 2003-04 presented to revenue neutral for the City, resulting in lower VLF the Council in December 2004, this was due to a revenues than budgeted, but equally higher property combination of revenues, which were 1% higher tax revenues. than projections, and operating expenditure savings, which were 1% better than estimated and reflected Public Sq{fety Service Charges. Police booking fee the successful efforts of the operating departments to revenues are $21,900 greater than projected based further tighten their belts in light of the tough fiscal on current collections. circumstances facing us.. Development Review Fees. The Forecast General Fond Revenues anticipated reducing the 2004-05 projection for development review fees by about $500,000. Since Included in Section B of this report is a summary of that time, we have taken a close look at year-to-date revenues by fund and major source that provides actuals and projected collections for the remainder actual results for 2003-04 along with a comparison of the year, and we have modified the reduction to of the revised 2004-05 revenue projections with $495,000. In summary, while down from original original budget estimates.. The following budget estimates, the revised projection is about summarizes the most significant General Fund $300,000 better than the Forecast. revenue revisions: Fines and Forfeitures. Consistent with the Sales Tax. Consistent with the Forecast, sales tax Forecast, this has been reduced by $50,000 based on revenues are projected to be flat from 2003-04. This actual results in 2003-04. A-2 TRANSMITTAL • 'A Interest Earnings. Consistent with the Forecast, fund balances/working capital for 2004-05 and the this has been reduced by $72,000 based on actual original budget and revised projections for 200405. results in 2003-04, which reflect lower investment yields and lower investable cash balances. M[D-YEAR BUDGET REQUESTS Operating Programs As noted previously, we have only proposed mid-year Section B includes an overview of changes to the budget requests that need to be approved now in order operating program budgets. Organized by function, to meet timing requirements or adequately fund current these schedules include the original budget, re- programs through the end of the fiscal year. appropriations for encumbrances and carryovers,and Supporting documentation that fully justifies the budget changes to-date since approval of the 2004 need for these adjustments is provided in Section C, 05 Financial Plan Supplement in June 2004. These summarized as follows: summaries also reflect the mid-year budget requests as discussed later in this report. Operating Proms Other than the proposed mid-year budget requests Facility Use Fees for Recreation Programs. Cost totaling $70,000, the only significant "net" change recovery efforts by the School District resulted in in General Fund costs since budget adoption is the increased fees of $20,000 for facilities used for appropriation of$109,800 for the April 2005 special Parks & Recreation programs in 2004-05, and election. $50,000 annually thereafter (increasing from the current budget of$45,000 annually to$95,000). Capital Improvement Plan However, as detailed in their request, the Parks & This part of Section B reflects the original CIP Recreation Department has identified several budgets for 2004-05 by fund, re-appropriations for strategies for offsetting this cost increase in 2005-07. encumbrances and carryovers, and budget changes to-date since approval of the 2004-05 Financial Plan Even with the significant fee increase, the rates Supplement in June 2004. As discussed in more charged by the School District are very reasonable. detail later, only one CEP project is recommended For $95,000 annually, the City uses: 11 classrooms, for Council consideration at this time: $15,000 for 7 gymnasiums and selected other indoor facilities, mosquito abatement at Laguna Lake. totaling over 44,000 square feet. This is the equivalent of two additional Ludwick Centers at a Interftmd Transactions cost of 17 cents per square foot per month.. Similar space in the open market would cost $1.60 per This portion of Section B reflects actual interfund square foot per month transfers for 2004-05 along with the original budget and revisions for 2004-05. The revised operating .Revenue Ballot Measure Feasibility Analysis. transfers are generally driven by Council approved Using professional assistance in analyzing the changes since the adoption of the 2004-05 budget. feasibility of a revenue ballot measure in 2006 will The reimbursement transfers are based on the 2003- cost$35,000 in 2004-05. 05 Cost Allocation Plan adopted by Council on February 3,2004. Capital Improvement Plan Projected bind Balances/Worldng Capital Short-Term Mosquito Abatement Services for Laguna Lake. Contracting.for multiple applications Based on the revised revenue projections and of granular larvacide by helicopter into Laguna Lake expenditures summaries, this part of Section B as directed by the County Health Department will includes a summary of projected changes in cost$15,000 in 2004-05. financial position for each of the City's operating funds. As with the revenue projections, the changes in financial position schedules include the actual A-3 TRANSMITTAL MEMORANDUM PROSPECTS FOR THE FUTURE with a formal review of the City's financial condition six months into the fiscal year, and to provide an update on the status of major City goals, CIP Council has already begun the arduous task of projects and other objectives. balancing the budget for 2005-07 and beyond. Unless the economy performs significantly better The Department Heads and Budget Review Team than projected or new revenues are implemented, the and will be prepared to respond to any questions the Forecast shows that we are facing a budget gap of Council may have regarding this report at their $2.4 million annually in 2005-07, excluding the February 15, 2005 meeting. If you have any carryover reserve shortfall of$1.4 million. questions in the interim, or require additional information,please do not hesitate to contact us. While the budget-balancing difficulties facing us are significant, we go into the 2005-07 budget process with a much better foundation than most cities in California • We are in good fiscal shape. • We have good information. • We have strong financial systems and procedures in place. • We have an excellent organization and capable staff. • We have excellent Council leadership. We have a great tradition of responsible stewardship. This "civic infrastructure" is simply not in place in many other cities. And it will serve us well in successfully meeting the challenges ahead of us. STATUS OF GOALS AND OBJECTIVES Section E of this report provides a formal look at the status of Major City Goals, Other Council Objectives and Major CIP Projects as of February 2005. As reflected in the report, with about 80% of the Financial Plan period completed, we are generally on track in achieving the major City goal "action plans." On the other hand, some of the goals and objectives require modifications to task schedules. There are no significant changes in the action plan status from the last time Council reviewed the goals. CONCLUSION The mid-year budget review document for 2004-05 has been prepared in order to present the Council A-4 g . • t • t • Comparison of Mid-Year Budget Projections with Those Initially Presented in the 2004-05 Financial Plan Supplement WHERE WE'RE UP Variance L, One-Time One-Time On-Going Revenues and Other Sources Beginning Fund Balance(Net of Carryovers and Encumbrances) 557,700 557,700 Property Tax 190,900 190 ,900 Proposition 172 Sales Tax 11,900 11,900 Transient Occupancy Tax 83,900 83,900 Franchise Fees 90,000 90,000 Public Safety Service Charges 21,900 21,900 WHERE WE'RE DOWN Revenues and Other Sources Sales Tax (173,900) (173,900) Utility Users Tax (157,300) (157,300) Fines and Forfeitures (50,000) (50,000) Interest Earnings on Investments (72,000) (72,000) Development Review Fees (495,000) (495,000) Other Ups&Downs (3,200) Expenditures and Uses Special Municipal Election (109,800) (109,800) Mid-Year Requests (50,000) (20,000) (70,000) NET CHANGE 1 $397,900 1 ($569,600) ($174 ) Ending Fund Balance-June 30, 2005 5,833,900 Percent of Operating Expenditures l6% Comparison with the.December 2004 Forecast The results summarized above are consistent with the December 2004 Forecast with two exceptions: it did not reflect appropriations for the special municipal election($109,800)or mid-year budget requests($70,000);and it estimated that development review fees would be less than estimated in the 2004-05 Financial Plan Supplement by$780,000,versus the revised reduction of$495,000. For comparison purposes,the Forecast projected an ending fund balance of$5,769,100-a variance of only$64,800 from the revised estimate of$5,833,900 shown above. A-5 FINANCIAL CONDITION SUMMARIES BY MAJOR SUMMARY BY FUND 2003.04 2004-05 Original Revised Actual Budget Projection Variance GOVERNMENTAL FUNDS General Fund 36,872,400 38,578,900 37,562,500 (1,016,400) Special Revenue Funds 2,164,300 2,153,700 2,873,700 720,000 Capital Project Funds 2,233,200 5,827,900 19,414,900 13,587,000 Total Governmental Funds 41,269,900 46,560,500 5998510100 13,290,600 ENTERPRISE FUNDS Water Fund 10,056,200 10,556,600 12,566,300 2,009,700 Sewer Fund 8,272,800 9,001,700 9,023,700 22,000 Parking Fund 4,621,800 3,593,500 4,121,500 528,000 Transit Fund 2,610,200 2,541,400 2,501,000 (40,400) Golf Fund 301,700 304,100 304,100 Whale Rock Reservoir Fund 950,100 968,900 968,900 Total Enterprise Funds 26,812,800 26,966,200 299485,500 2,519,300 TOTAL $68,082,700 $7395269700 $899336,600 $15,809,900 B-1 BY • u CATEGORY SOURCE GENERAL FUND 2003.04 2004=05 - Original Revised , Actual _ -._Budget =_., ,Pro ection- Variance Tax Revenues Sales&use tax General 11,294,300 11,468,200 11,294,300 (173,900) Public safety(Proposition 172) 256,500 244,600 256,500 11,900 Property tax 6,069,600 6,333,900 6,524,800 190,900 VLF property tax swap 1,942,200 1,942,200 Transient occupancy tax 3,922,200 3,956,000 4,039,900 83,900 Utility users tax 3,669,200 3,973,300 3,816,000 (157,300) Franchise fees 1,967,800 1,956,500 2,046,500 90,000 Business tax certificates 1,475,100 1,546,600 1,519,400 (27,200) Real property transfer tax 293,000 215,000 250,000 35,000 Total Tax Revenues 28,947,700 29,694,100 3196899600 1,995,500 Fines and Forfeitures Vehicle code fines 176,600 220,000 199,700 (20,300) Other fines and forfeitures 103,200 110,000 80,300 (29,700) Total Fines and Forfeitures 279,800 3309000 .280,000 (50,000) Investment and Property Revenues Investment earnings 22,000 300,000 228,000 (72,000) Rents&concessions 71,100 47,000 47,000 Total Investruent and Property 939100 347,000 275,000 (727000) Subventions and Grants Motor vehicle in-lieu 2,013,300 2,840,100 217,700 (2,622,400) Homeowners&other in-lieu taxes 80,500 84,000 84,000 Other in-lieu taxes 46,700 48,800 48,800 SB 90 reimbursements Police training(POST) 54,400 84,900 84,900 Traffic Safety grant Local Law Enforcement 112,100 100,000 109,800 9,800 Booking fee reimbursement 105,300 105,400 105,400 Other State&Federal grams 747,200 165,400 165,400 Total Subventions and Grants 3,159,500 3,263400 8169000 (29447,200) Service Charges Public Safety Police Services Accident reports 3,400 4,200 4200 Alarm permits 111,700 126,100 126,100 DUI cost recovery 7,100 6,400 6,400 Second response fees 2,100 5,300 2,000 (3300) Booking fee recovery 41,200 18,100 40,000 .21,900 Tobacco permit fees 12,500 13,100 600 Other police services 28,200 50,400 59,700 9,300 193,700 223,000 251,500 28,500 B-2 REVENUES BY O . CATEGORY AND SOURCE GENERAL FUND 2003-04 2004-05 Original Revised Actual Budget Projection Variance Fire Services Cal Poly fire services 233,000 200,000 200,000 Medical emergency recovery 165,900 129,900 129,900 Fire-safety/haz mat permits 135,200 51,700 51,700 CUPA fees 62,300 80,500 80,500 Other fire services 15,000 4,500 11,600 7,100 611,400 466,600 473,700 7,100 Transportation Maintenance of State highways 24,400 25,000 25,000 Zone 9 reimbursements 43,500 67,000 67,000 67,900 92,000 92,000 Development Review Planning&zoning fees 669,600 946,300 721,300 (225,000) Construction plan check&inspectior 1,048,300 1,380,000 1,170,000 (210,000) Infrastructure plan check&inspectio 73,800 187,900 187,900 Encroachment permits 198,400 206,000 206,000 Fire plan check&inspections 130,800 180,000 120,000 (60,000) 2,120,900 2,900,200 2,405,200 (495,000) Leisure,Cultural&Social Services Adult athletic fees 98,100 106,100 106,100 Youth athletic fees 25,100 33,000 33,000 Instruction fees 90,900 100,800 100,800 Special event fees 76,400 76,200 80,000 3,800 Rental&use fees 87,900 74,000 74,000 Children services 544,200 550,500 550,500 Teens&seniors 20,800 25,000 26,200 1,200 Aquatics 166,000 153,000 153,000 Other recreation revenues 3,400 3,700 13,500 9,800 1,112,800 1,122,300 1,137,100 14,800 General Government Sales of publications 18,700 35,000 35,000 CCCJPA reimbursements 54,100 10,100 10,100 Other service charges 36,300 20,400 22,300 1,900 109,100 65,500 67,400 1,900 Total Service Charges 4,215,800 4,869,600 4,426,900 (442,700) Other Revenues Insurance refunds 33,100 5,000 5,000 Other revenues 143,400 75,000 70,000 (5,000) Total Other Revenues 176,500 75,000 75,000 Total General Fund $367872,400 $38,578,900 $374629500 ($19016,400) B-3 REVENUES BY MAJOR CATEGORY AND SOURCE SPECIAL REVENUE FUNDS 2003.04 20"05 '- - �r>gina7 'Revisixl :Actual._ _.__:_ Oudiiet _--:. Projection :.. variance Downtown Association Fund Investment and Property Revenues 1,100 4,000 4,000 Service Charges 399,700 380,600 380,600 Total Downtown Association Fund 400,800 384,600 384AN Community Development Block Grant Fund Subventions and Grants 759,200 842,200 1,5629200 720,000 Gas Tax Fund Subventions and Grants 874,100 885,200 885,200 Transportation Development Act Fund Subventions and Grants 309000 21,100 21,100 Law'Enforcement Grant Fund Investment and Property Revenues 700 10,000 10,000 Subventions and Grants 84,600 Service Charges 14,900 10,600 10,600 Total 1,aw Enforcement Grant Fund 100,200 20,600 20,600 Total Special Revenue Fonds 2,164,300 29153,700 21873,700 720,000 B-4 REVENUES BY O . CATEGORY AND SOURCE CAPITAL PROJECT FUNDS 2003-04 2004A5 Original Revised Actual Budget Projection variance Capital Outlay Fund Subventions and Grants State of California Traffic Safety grant 40,000 40,000 SLTPP/STP grant 308,400 1,069,000 1,922,600 853,600 Proposition 116 STP/SHA-RRTC 69,400 1,071,000 1,071,000 State Public Safety CLETEP Other State grants 183,500 540,000 901,300 361,300 Federal Government Highway and bridge rehabilitation and replacement(HERR) 207,600 64,000 5,694,700 5,630,700 Transportation enhancement(TEA) 28,500 523,700 523,700 Other Federal grants 500,000 981,300 481,300 Service Charges Zone 9 reimbursements Other Revenues Sale of Surplus Property 452,000 Other Revenue 36,200 36,200 Contributions 42,300 Total Capital Outlay Fund 1,2919700 2,213,000 119170,800 8,9571800 Parkland Development Fund Investment and Property Revenues 5,400 20,000 20,000 Subventions and Grants 312,800 125,000 215,700 90,700 Service Charges Park m-lieu fees 24,800 5,000 320,500 315,500 Dwelling unit charge 600 5,000 8,700 3,700 Other Revenue Total Parkland Development Fund 343,600 155,000 564,900 409,900 Transportation Impact Fee Fund Investment and Property Revenues 15,200 10,000 30,000 20,000 Subventions and Grants 664,000 . 664,000 Service Charges 284,400 834,600 1,051,300 216,700 Contributions Total Transportation Impact Fee Fun 299,600 844,600 1,745,300 900,700 Fleet Replacement Fund Investment and Property Revenues 2,500 15,000 15,000 Other Revenues Sale of surplus property 46,800 40,000 40,000 Total Fleet Replacement Fund 499300 55,000 559000 B-5 REVENUES BJY MAJOR CATEGORY AND SOURCE CAPITAL PROJECT FUNDS 200344 __. ._ . -. - 2004.05 Original 'Revised • Actual_. _ Budget_ Pro ectjon _ _....__Variance_ Open Space Protection Fund Investment and Property Revenues 3,900 2,000 10,000 8,000 Subventions and Grants 2,030,000 5,555,000 3,525,000 Service Charges Other Revenue Total Open Space Protection Fund 3,900 290329000 5,5659000 3,5339000 Airport Area Impact Fee Fund Investment and Property Revenues 3,700 6,200 10,000 3,800 Service Charges 172,400 28,900 28,900 Total Airport Area Impact Fee Fund 176,100 . 35,100 38,900 39800 Affordable Housing Fund Investment and Property Revenues 8,500 15,800 25,000 9,200 Service Charges 60,500 477,400 250,000 (227,400) Total Affordable Housing Fund 69,000 4939200 275,000 (218400) Total Capital Project Funds 2,233,200 59827,900 1994149900 13,587,000 B-6 REVENUES BY O . CATEGORY ENTERPRISE FUNDS 2003-14 2004-05 Original Revised Actual Budget Projection Variance Water Fund Investment and Property Revenues 42,900 184,600 184,600 Subventions&Grants 910,000 2,009,700 2,009,700 Service Charges 8,833,700 10,357,000 10,357,000 Other Revenues 269,600 15,000 15,000 Total Water Fund 10,056400 10,556,600 12,5669300 21009,700 Sewer Fund Investment and Property Revenues 32,500 66,300 66,300 Subventions&Grants Service Charges 8,240,300 8,935,400 8,935,400 Other Revenues 22,000 22,000 Total Sewer Fund 8472,800 9,0019700 9,023,700 22,000 Parking Fund Fines and Forfeitures 777,000 763,500 763,500 Investment and Property Revenues 81,100 191,000 191,000 Service Charges 2,287,700 2,639,000 3,167,000 528,000 Other Revenues 1,476,000 Total Parking Fund 4,621,800 3,593,500 4,121,500 5289000 Transit Fund Investment and Property Revenues 1,800 2,600 2,600 Subventions and Grants 2,277,000 2,139,300 2,093,300 (46,000) Service Charges 331,400 397,500 397,500 Other Revenues 2,000 7,600 5,600 Total Transit Fund 2,6109200 29541,400 295019000 (40,400) Goff Fund Investment and Property Revenues 800 1,500 1,500 Service Charges 300,900 302,600 302,600 Total Golf Fund 3019700 304,100 304,100 Whale Rock Commission Investment and Property Revenues 3,500 20,000 20,000 Subventions and Grants Service Charges 941,600 948,900 948,900 Other Revenues 5,000 Total Whale Rock Commission Fund 950,100 968,900 968,900 Total Enterprise&Agency Funds $26,8129800 $26,966,200 $29,485,500 $2,519,300 B-7 OPERATING ■ s ■ ■ ' s SUMMARY BY FUNCTION Changes . O71111aal GarryOtheoveWr Mid-Year 12evlsed, -.. _ Public Safety 18,301,400 (119,700) 209,300 18,391,000 Public Utilities 9,518,500 680,900 39,700 10,239,100 Transportation 4,990,500 147,400 13,100 5,151,000 Leisure,Cultural&Social Services 6,098,200 131,000 38,700 20,000 6,287,900 Community Development 5,053,200 241,700 71,700 5,366,600 General Government 9,061,800 174,800 (11,600) 35,000 9,260,000 Total 53,023,600 19256,100 360,900 55,000 54,695,600 SUN 4ARY OF NET BUDGET CHANGES TO-DATE: Council/CAO General Other Approval Date Fund Funds Total Fire Interim Training Officer net effect 7/1/2004 27,000 27,000 SLOPD SWAT van engine replacement 7/20/2004 4,800 4,800 Whale Rock legal services 8/122004 10,000 10,000 Residential Parking Permit Program 8/172004 5,500 5,500 Triathlon Transition services donations 8/312004 2,500 2,500 Grandparents Fun Run printing donations 8/31/2001 200 200 SWRCB supplemental environmental project 9/282004 (18,000) (18,000) Seismic URM Coordinator 10/8/2004 27,700 27,700 Janssen Foundation donation for roller hockey program* 1021/2004 2,000 2,000 Transportation for Junior Giants 10/21/2004 1,000 1,000 USA marling 1022/2004 (47,700) 47,700 Damaged bus stop 10222004 5,600 5,600 Arrest&citation statistical data provided to Cal Poly 11/82004 3,000 3,000 Law Enforcement Block Grant match 11/182004 9,800 9,800 Police protective clothing grant 11/182004 300 300 CERT program expenses 11/10-11/23/04 2,100 2,100 Cuesta share of Mardi Gras community information 12/9/2004 1,500 1,500 Police/Fire overtime-Nissan commercial 12/9/2004 1,200 1,200 Mutual aid response overtime 12/15/2004 143,100 143,100 Special Municipal Election 12/16/2004 109,800 109,800 Damon Garcia shade structure 12/16/2004 6,800 6,800 PG&E donation for Winter Brochure advertising 1227/2004 3,000 3,000 Laguna Lake Park mitigation project 1228/2004 10,000 10,000 City Chipping Day 1229/2004 100 100 Electrical Engineering for street light 1229/2004 1,900 1,900 Total $310,100 $50,800 $360,900 All changes have revenue or expenditure offsets and have no net fiscal impact with the exception of the special municipal election costs, which are funded by the General Fund. B-8 CAPITAL IMPROVEMENT PLAN: ALL FUNDS COMBINED 2004-05 Original Encumbrances/ Other Budget Mid-Year Budget Carryovers Changes Adjustments Revised Capital Outlay 5,776,600 20,453,900 (176,700) 15,000 26,068,800 Parkland Development 193,800 368,400 562,200 Fleet Replacement 84,000 73,700 157,700 . CDBG 235,300 685,500 920,800 Law Enforcement Block Grain 31,400 31,400 Transportation Impact Fee 1,115,000 2,703,900 149,000 3,967,900 Open Space Protection 2,1301000 3,953,700 6,083,700 Affordable Housing 30,000 30,000 Water 11,069,500 9,903,800 127,000 21,100,300 Sewer 8,686,800 2,775,400 36,000 11,498,200 Parking 1,224,300 10,040,100 11,264,400 Transit 339,300 559,800 111,000 1,010,100 Golf 45;300 45,300 Whale Rock 90,000 616,500 (10,000) 696 500 Total $30,944,600 $52,241,400 $236,300 $15,000 $83,437,3W SUMMARY OF NET BUDGET ADJUSTMENTS TO-DATE CouncWCAO Revenue Net Approval Date Total Offset Impact Capital Outlay Fund(General Fund) Seismic URM Coordinator 10/8/2004 (27,700) (27,700) LOVR Interchange reflected in TIF fund (149,000) (149,000) Subtotal Capital Outlay Fund (176,700) (149,000) (27,700) Transportation Impact Fee LOVR interchange reflected in TIF fund 149,000 149,000 Water Ftimd Water Reuse Design 12n104 127,000 127,000 Sewer Fund Sale of Video Inspection Van 12/7/04 18,000 22,000 (4,000) SWRCB penalty-Froon Creek 9/28/04 18,000 Subtotal Sewer Fund 36,000 22,000 (4,000) Transit Bus Stops 11/1/04 111,000 (46,000) 157,000 Whale Rock Creek Habitat Conservation Plan reduction 8/12/2004 (10,000) (10,000) Total Adjustments $2361300 ($242000) $242,300 B-9 OPERATING TRANSFERS 200304 2004-05 - tginal . Actual ---Budget . -- Revised __- .,Variance General Fund Operating Transfers In Gas Tax Fund 874,100 885,200 885,200 TDA Fund 30,000 21,100 21,100 Law Enforcement Block Grant Fund 1,000 Total operating transfers in 905,100 906,300 906,300 Operating Transfers Out Downtown Association Fund Law Enforcement Block Grant Fund Capital Outlay Fund (3,388,700) (1,744,800) (1,732,100) 12,700 Open Space Protection Fund (100,000) (100,000) Fleet Replacement Fund (433,700) (458,700) (458,700) Debt Service Fund (1,760,200) (1,672,500) (1,672,500) Golf Fund (171,700) (208,900) (208,900) Total operating transfers out (5,754,300) (4,184,900) (4,172,200) 12,700 Total Operating Transfers (4,849,200) (3,278,600) (3,265,900) 12,700 Gas Tag Fund Operating Transfer Out General Fund (874,100) (885,200) (885,200) Transportation Development Act Fund Operating Transfer Out General Fund (30,000) (21,100) (219100) Law Enforcement Grant Fund Operating Transfer Out General Fund (11000) Capital Outlay Fund Operating Transfer In General Fund 3;388,700 1,744,800 197329100 (12,700) B-10 INTERFUND TRANSACTIONS OPERATING TRANSFERS 2003-04 _2004-N Revised--_ Variance Open Space Protection Fund Operating Transfer In General Fund 100,000 1009000 Fleet Replacement Fund Operating Transfers In General Fund 433,700 455,700 458,700 Debt Service Fund Operating Transfer In General Fund 1,760,200 1,672,500 1,672,500 Golf Course Fund Operating Transfer In General fund 171,700 208,900 208,900 NET OPERATING TRANSFERS $ $ $ $ B-11 INTERFUND TRANSACTIONS REIMBURSEMENT TRANSFERS .2003-04 --,-2004,05- 0604W Actual Bud ' t _" --_Revised___. Variance General Fund (3,373,900) (3,472,600) (3,424,900) 47,700 Community Development Block Grant Fund 49,800 48,800 48,800 Enterprise and Agency Funds Water 1,321,200 1,360,800 1,313,100 (47,700) Sewer 1,076,900 1,109,200 1,109,200 Parking 413,800 426,200 426,200 Transit 285,800 294,400 294,400 Golf 103,200 106,300 106,300 Whale Rock Commission 123200 126,900 126,900 Total Enterprise and Agency Funds 3,324,100 3,423,800 3,376,100 (47,700) NET REIMBURSEMENT TRANSFERS $ $ - $ - $ B-12 CHANGES IN FINANCIAL POSITION ALL FUNDS COMBINED 2003-04 2004.05 Original Revised Actual Budget Projection Variance Revenues Tax Revenues 28,947,700 29,694,100 31,689,600 1,995,500 Fmes and Forfeitures 1,056,800 1,093,500 1,043,500 (50,000) Investment and Property Revenues 296,700 896,000 865,000 (31,000) Subventions and Grants 9,204,600 11,519,000 24,956,800 13,437,800 Service Charges Governmental Funds 5,173,100 6,611,700 6,477,500 (134,200) Enterprise Funds 21,470,000 22,631,500 23,181,500 550,000 Trust and Agency Revenues 946,600 948,900 948,900 Other Revenues 987,200 132,000 173,800 41,800 Total Revenues 68,082,700 73,526,700 89,336,600 15,809,900 Expenditures Operating Programs Public Safety 17,254,000 18,301,400 18,391,200 (89,800) Public Utilities 9,366,000 9,518,500 10,239,100 (720,600) Transportation 5,107,100 4,990,500 5,151,000 (160,500) Leisure,Cultural,&Social Services 5,469,700 6,098,200 6,287,900 (189,700) Community Development 4,823,700 5,053,200 5,366,600 (313,400) General Government 8,194,600 9,061,800 9,259,800 (198,000) Total Operating Programs 50,215,100 53,023,600 54,695,600 (1,672,000) Capital Projects 23,537,300 30,944,600 83,437,300 (52,492,700) Debt Service 6,354,900 7,001,900 7,001,900 Total Expenditures 80,107,300 9070,100 145,134,500 (549164,700) Other Sources(Uses) Operating Transfers In 6,659,400 5,091,200 5,078,500 (12,700) Operating Transfers Out (6,659,400) (5,091,200) (5,078,500) 12,700 Proceeds from Debt Financings 4,553,900 17,698,800 38,320,300 20,621,500 Potential MOA Adjustments (541,900) (541,900) Proposed State Budget Takeaway (683,900) 683,900 Other Sources(Uses) (63,900) (183,300) (119,400) Expenditure Savings 719,600 23,900 (695,700) Total Other Sources(Uses) 4,553,900 17,128,700 37,619,000 (20,490,300) Revenues and Other Sources Over(under) Expenditures and Other Uses (7,470,700) (314,700) (18,179,200) (17,864,500) Fund Balance/Working Capital Beginning of Year 49,062,700 23,793,100 41,592,000 17,798,900 Fund Balance/Working Capital End of Year Reserved for Debt Semce 1,568,500 1,568,500 1568,500 Unreserved 40,023,500 21,909,900 21,844,300 (65,600) Total Fund Balance $41,592,000 $239478,400 $73,412,800 ($65,600) B-13 ,CHANGES IN FINANCIAL POSITION ALL GOVERNMENTAL FUNDS COMBINED 2003.04 2004-05 Original Revised Actual Budget Projection Variance Revenues Tax Revenues 28,947,700 29,694,100 31,689,600 1,995,500 Fines and Forfeitures 279,800 330,000 280,000 (50,000) Investment and Property Revenues 134,100 430,000 399,000 (31,000) Subventions and Grants 6,017,600 9,379,700 20,853;800 11,474,100 Service Charges 5,173,100 6,611,700 6,477,500 (134,200) Other Revenues 717,600 115,000 151,200 36,200 Total Revenues 41,269,900 46,560,500 59,851,100 13,290,600 Expenditures Operating Programs Public Safety 17,254,000 18,301,400 18,391,200 (89,800) Transportation 1,854,200 1,949,700 2,055,600 (105,900) Leisure,Cultural,di:Social Services 5,092,000 5,697,500 5,863,300 (165,800) Community Development 4,823,700 5,053,200 5,366,600 (313,400) General Government 8,244,400 9,110,600 9,308,600 (198,000) Total Operating Programs 37,268,300 40,112,400 40,985,300 (872,900) Reimbursed Expenditures (3,373,900) (3,472,600) (3,424,900) (47,700) Total Operating Expenditures 33,894,400 36,639,800 37,560,400 (920,600) Capital Improvement Plan Projects 8,635,400 9,534,700 37,822,500 (28,287,800) Debt Service 2,086,300 2,001,400 2,001,400 Total Expenditures 44,616,100 48,175,900 7784,300 (29,208,400) Other Sources(Uses) Operating Transfers In 6,487,700 4,882,300 4,869,600 (12,700) Operating Transfers Out (6,659,400) (5,091,200) (5,078,500) 12,700 Proceeds from Debt Financings (39,000) 1,818,800 7,719,600 5,900,800 Proposed State Budget Takeaway (683,900) 683,900 Potential MOA Adjustments (419,900) (419,900) Other Sources(Uses) (183,300) (183,300) Expenditure Savings 719,600 (719,600) Total Other Sources(Uses) (210,700) 1,225,700 6,907400 516811800 Revenues and Other Sources Over(under) Expenditures and Other Uses (3,556,900) (389,700) (10,625,700) (10,236,000) Fund Balance,Beginning of Year 25,499,300 12,051,000 21,942,400 9,891,400 Fund Balance,End of Year Reserved for Debt Service 1,568,500 1,568,500 1,568,500 Unreserved 20,373,900 10,092,800 9,748,200 (344,600) Total Fund Balance $21,9422400 $119661,3(10 $11,316,700 ($3441600) B-14 CHANGES a aL POSITION ALL ENTERPRISE AND AGENCY FUNDS COMBINED 2003.04 2004.05 Original Revised Actual Budget Projection Variance Revenues Fines and Forfeitures 777,000 763,500 763,500 Investment and Property Revenues 162,600 466,000 466,000 Subventions and Grants 3,187,000 2,139,300 4,103,000 1,963,700 Service Charges 21,470,000 22,631,500 23,181,500 550,000 Other Revenues 269,600 17,000 22,600 5,600 Trust and Agency Revenues 946,600 948,900 948,900 Total Revenues 26,8129800 26,966400 299485400 2,519,300 Expenditures Operating Programs Public Utilities 9,366,000 9,518,500 10,239,100 (720,600) Transportation 3,252,900 3,040,800 3,095,400 (54,600) Leisure,Cultural,&Social Services 377,700 400,700 424,600 (23,900) General Government 3,324,100 3,423,800 3,376,100 47,700 Total Operating Programs 16,320,700 16,383,800 17,135,200 (751,400) Capital Projects 14,901,900 21,409,900 45,614,800 (24,204,900) Debt Service 4,268,600 5,000,500 5,000,500 Total Expenditures 351491,200 42,794,200 67,750400 (24,956,300) Other Sources(Uses) Operating Transfers In 171,700 208,900 208,900 Proceeds from Debt Financings 4,592,900 15,880,000 30,600,700 8,024,100 Expenditure Savings 23,900 23,900 Other Sources(Uses) 10,400 (63,900) Potential MOA Adjustments (122,000) (122,000) 63,900 Total Other Sources(Uses) 4,775,000 15,903,000 309711,500 8,111,900 Revenues and Other Sources Over(under) Expenditures and Other Uses (3,903,400) 75,000 (7,553,500) (7,628,500) Working Capital,Beginning of Year 23,563,400 11,742,100 19,649,600 7,907,500 Fund Balance,End of Year $19,660,000 ____$11,817,100 $12,096,100 $279,000 B-15 CHANGES IN FINANCIAL POSITION GENERAL FUND 2003-04 2004-05 Original Revised Actual Budget Pro ection Variance Revenues Tax Revenues 28,947,700 29,694,100 31,689,600 1,995,500 Fines and Forfeitures 279,800 330,000 280,000 (50,000) Investment and Property Revenues 93,100 347,000 275,000 (72,000) Subventions and Grants 3,159,500 3,263,200 816,000 (2,447,200) Service Charges 4,215,800 4,869,600 4,426,900 (442,700) Other Revenues 176,500 75,000 75,000 Total Revenues 36,872,400 38,578,900 37,562,500 (1,016,400) Expenditures Public Safety 17,254,000 18,301,400 18,391,200 (89,800) Transportation 1,854,200 1,949,700 2,055,600 (105,900) Leisure,Cultural,and Social Services 4,896,400 5,468,300 5,599,600 (131,300) Community Development 4,420,600 4,672,200 4,969,200 (297,000) General Government 8,194,600 9,061,800 9,259,800 (198,000) Total Program Expenditures 36,619,800 399453,400 40475,400 (822,000) Reimbursed Expenditures (3,373,900) (3,472,600) (3,424,900) (47,700) Total Expenditures 33,245,900 35,980,800 36,850,500 (869,700) Other Sources(Uses) Transfers In 905,100 906,300 906,300 Transfers Out (5,754,300) (4,184,900) (4,172,200) 12,700 Proceeds from Debt Financings (39,000) Expenditure Savings 719,600 (719,600) Proposed State Budget Takeaway (683,900) 683,900 Potential MOA Adjustments (419,900) (419,900) Total Other Sources(Uses) (4,888,200) (3,662,800) (39685,800) (23,000) Revenues and Other Sources Over(Under) Expenditures and Other Uses (1,261,700) (1,064,700) (2,973,800) (1,909,100) Fund Balance,Beginning of Year 10,069,400 7,073,500 8,807,700 1,734,200 Fund Balance,End of Year $8,807,700 $6,008,800 $5,833,900 ($174,900) B-16 'CHANGES IN FINANCIAL POSITION DOWNTOWN ASSOCIATION FUND 2003-04; 2004-,W , _ _ O _ Revised :Actual B et _':V-projection' Variance Revenues Investment and Property Revenues 1,100 4,000 4,000 Service Charges 399,700 380,600 380,600 Total Revenues 400,800 384,600 384,600 Operating Expenditures Community Development 403,100 - 381,000 397,400 (16,400) Total Expenditures 4031100 381,000 397,400 16,400 Other Sources(Uses) Operating Transfers In Revenues and Other Sources Over(Under) Expenditures and Other Uses (2,300) 3,600 (12,800) (16,400) Fund Balance,Beginning of Year 61,000 61,000 58,700 (2,300) Fund Balance,End of Year $58,700 $64,600 $45,900 ($18,700) B-17 CHANGES IN FINANCIAL POSITION GAS TAX - � •._- 2003-04 - _ Original Rolsed - Actual :.. Bud et.v __ . Projection Variance Revenues Subventions and Grants Traffic Congestion Grant Gasoline Tax 874,100 885,200 885,200 Total Revenues 874,100 885,200 885,200 Other Sources(Uses) Operating Transfers Out (874,100) (885,200) (885,200) Revenues and Other Sources Over(Under) Expenditures and Other Uses Fund Balance,Beginning of Year Fund Balance,End of Year $ - $ - $ $ B-18 CHANGES IN FINANCIAL POSITION TRANSPORTATION DEVELOPMENT ACT FUND 2003-04. Original r Revised _ Actual. -Budget_ _:Pro ecNon Varlauce Revenues Subventions and Grants TDA Revenues 30,000 21,100 21,100 Total Revenues 30,000 21,100 21,100 Other Sources(Uses) Operating Transfers Out (30,000) (21,100) (21,100) Revenues and Other Sources Over(Under) Expenditures and Other Uses Fund Balance,Beginning of Year Fund Balance,End of Year $ $ $ $ B-19 ,CHANGES IN FINANCIAL POSITION COM AUNTTY DEVELOPMENT BLOCK GRANT(CDBG)FUND 200344. 2004-05 . _ Urtginal Revised _ Actual. Bud et_. __Pro ection _ Variance Revenues Subventions and Grants CDBG Allocation 734,200 818,300 1,547,100 728,800 State Grant Close-out 25,000 23,900 15,100 (8,800) Total Revenues 759,200 842,200 1,562,200 720,000 Expenditures . Operating Programs Leisure,Cultural,&Social Services 195,600 229,200 263,700 (34,500) General Government 49,800 48,800 48,800 Total Operating Programs 245,400 278,000 312,500 (34,500) Capital Improvement Plan Projects 187,700 . 235,300 920,800 (685,500) Debt Service 326,100 328,900 328,900 Total Expenditures 759,200 842,200 1,5629200 (7209000) Other Sources(Uses) Proceeds from Debt Financing Total Other Sources(Uses) Revenues and Other Sources Over(Under) Expenditures and Other Uses Fund Balance,Beginning of Year Fund Balance,End of Year $ - $ $ - $ - B-20 CHANGES + + POSITION LAW ENFORCEMENT GRANT FUND 2003.01 ,Original Revised Actual,_ Budget _ : .-Projection- Variance Revenues Investment and Property Revenue 700 10,000 10,000 Subventions and Grants Federal Grants State Grants 84,600 Service Charges 14,900 10,600 10,600 Total Revenues 100,2110 209600 209600 Expenditures Operating Programs Public Safety Total Operating Programs Capital Improvement Plan Projects 264,000 31,400 (31,400) Total Expenditures 264,000 31,400 (31,400) Other Sources(Uses) Operating Transfers In Operating Transfers Out (1,000) Total Other Sources(Uses) (19000) Revenues and Other Sources Over(Under) Expenditures and Other Uses (164,800) 20,600 (10,800) (31,400) Fund Balance,Beginning of Year 271,800 93,300 107,000 13,700 Fund Balance,End of Year $107,000 $113,900 $96,200 ($17;700) B-21 POSITION CAPITAL OUTLAY FUND Original _ :Revised Actual ' Budget ' _.Pro ection. ._ variance Revenues Subventions and Grants 797,400 2,213,000 11,134,600 8,921,600 Service Charges Other Revenues 494,300 36,200 36,200 Total Revenues 1,291,700 2,2139000 11,170,800 8,957,800 Expenditures Capital Improvement Plan Projects 6,714,900 5,776,600 26,068,800 (20,292,200) Total Expenditures 6,7149900 5,776,600 269068,800 (20492,200) Other Sources(Uses) Operating Transfers In 3,388,700 1,744,800 1,732,100 (12,700) Other Sources(Uses) (183,300) (183,300) Proceeds from Debt Financing 1,818,800 7,719,600 5,900,800 Total Other Sources(Uses) 3,388,706 3,563,606 9,268,466 51704,800 Revenues and Other Sources Over(Under) Expenditures and Other Uses (2,034,500) (5,629,600) (5,629,600) Fund Balance,Beginning of Year 7,664,100 5,629,600 5,629,600 Fund Balance,End of Year $5,629,600 $ $ $ B-22 CHANGES IN �FINANciAL POSITION PARKLAND DEVELOPMENT FUND 4 oginal Revised Actual ` Budget ,Pro ec#lon Variance Revenues Investment and Property Revenue 5,400 20,000 20,000 Subventions and Grants 312,800 125,000 215,700 90,700 Service Charges Park In-Lieu Fees 24,800 5,000 320,500 315,500 Dwelling Unit Fees 600 5,000 8,700 3,700 Other Revenue Total Revenues 343,600 155,000 564,900 409,900 Expenditures Capital Improvement Plan Projects 920,100 193,800 562,200 . (368,400) Total Expenditures 920,100 193,800 562,200 (368,400) Revenues and Other Sources Over(Under) Expenditures and Other Uses (576,500) (38,800) 2,700 41,500 Fund Balance,Beginning of Year 958200 103,200 381,700 278,500 Fund Balance,End of Year $381,700 $64,400 $384,400 $320,000 B-23 CHANGES IN FINANCIAL POSITION TRANSPORTATION AIPACT FEE FUND 2003.04- 2004-05_ Original. Revised. Actual: . .,Budget-,,- ,, .'Pro ectiod. Variance Revenues Investment and Property Revenue 15,200 10,000 30,000 20,000 Subventions and Grants 664,000 664,000 Service Charges 284,400 834,600 1,051,300 216,700 Other Revenue Total Revenues 299,600 844,600 19745,300 900,700 Expenditures Capital Improvement Plan Projects 161,000 1,115,000 3,967,900 (2,852,900) Total Expenditures 161,000 1,115,000 3,967,900 (2,852,900) Other Sources(Uses) Operating Transfer Out Revenues and Other Sources Over(Under) Expenditures and Other Uses 138,600 (270,400) (2,222,600) (1,952,200) Fund Balance,Beginning of Year 2,100,800 270,400 2,239,400 1,969,000 Fund Balance,End of Year $2,239,400 $ $ 16,800 $ 16,800 B-24 CHANGES ► ► POSITION OPEN SPACE PROTECTION FUND 200344 2004-M Original Revised Actual BudW Pro action Variance Revenues Investment and Property Revenue 3,900 2,000 10,000 8,000 Subventions and Grants 2,030,000 5,555,000 3,525,000 Service Charges Other Revenue Total Revenues 3,900 2,032,000 59565,000 3,533,000 Expenditures Capital Improvement Plan Projects 3,900 2,130,000 6,083,700 (3,953,700) Total Expenditures 3,900 2,130,000 650839700 (3,9539700) Other Sources(Uses) Operating Transfer in 100,000 100,000 Revenues and Other Sources Over(Under) Expenditures and Other Uses. 2,000 (418,700) (420,700) Fund Balance,Beginning of Year 507,300 8,700 507,300 498,600 Fund Balance,End of Year $507,3W $10,700 $99,600 $77,900 B-25 CHANGES IN FINANCIAL POSITION AIRPORT AREA HAPACT FEE FUND 200304 _ 004-05 _ _ - _ w ' Oiiginal ,. . :Revised , B" ._ __,r Pio ectlon _ __.. _-Variance Revenues Investment and Property Revenues 3,700 6,200 10;000 3,800 Service Charges 172,400 28,900 28,900 Total Revenues 176,100 35,100 38,900 3,800 Expenditures Capital Improvement Plan Projects Other Sources(Uses) Operating Transfer in Revenues and Other Sources Over(Under) Expenditures and Other Uses 176,100 35,100 38,900 3,800 Fund Balance,Beginning of Year 437,400 471,500 613,500 142,000 Fund Balance,End of Year $613,500 $506,600 $662,400 $145,800 B-26 CHANGES POSITION AFFORDABLE HOUSING FUND 2003,04. 2004-05_ .. Original : Revised ..Actual'_ r _ _'B t =JPc»ection _ lVariance Revenues Investment and Property Revenues 8,500 15,800 25,000 9,200 Service Charges 60,500 477,400 250,000 (227,400) Total Revenues 69,000 493,200 275,000 (218,200) Expenditures Capital Improvement Plan Projects 30,000 30,000 (30,000) Other Sources(Uses) Operating Transfer in Revenues and Other Sources Over(Under) Expenditures and Other Uses 39,000 493,200 245,000 (248,200) Fund Balance,Beginning of Year 1,247,900 1,726,700 1,286,900 (439,800) Fund Balance,End of Year $1286,900 $29219,900 $1,5311900 ($688,000) B-27 ICHANGES IN FINANCIALPOSITION FLEET REPLACEMENT FUND 2003-04 2004-05 Original Revised Actual Budget Pro variance Revenues Investment and Property Revenues 2,500 15,000 15,000 Other Revenues Sale of Surplus Property 46,800 40,000 40,000 Total Revenues 49,300 55,000 55,000 Expenditures Capital Improvement Plan Projects 353,800 84,000 157,700 (73,700) Total Expenditures 353,800 849000 157,700 (73,700) Other Sources(Uses) Operating Transfers In General Fund 433,700 458,700 458,700 Total Other Sources(Uses) 433,700 458,700 458,700 Revenues and Other Sources Over(Under) Expenditures and Other Uses 129,200 429,700 356,000 (73,700) Fund Balance,Beginning of Year 612,900 674,200 742,100 67,900 Fund Balance,End of Year $742,100 $19103,900 $1,098,100 ($5,800) B-28 POSITION -CHANGES IN FINANCIAL DEBT SERVICE FUND 2003-04 2004-05 Original Revised Actual Budget Projection Variance Expenditures Debt Service 1994 Refunding Revenue Bonds 381,100 1996 Lease Revenue Bonds 521,500 521,700 521,700 2001 Refunded Revenue Bonds 799,800 800,600 800,600 2004 Refunding Revenue Bonds 293,700 293,700 Energy Conservation Lease Purchase 57,800 56,500 56,500 Total Expenditures 1,760,200 1,672400 19672,500 Other Sources(Uses) Proceeds from debt financing Operating Transfers In 1,760,200 1,672,500 1,672,500 Total Other Sources(Uses) 19760,2011 1,672,500 1,672,500 Revenues and Other Sources Over(Under) Expenditures and Other Uses Fund Balance,Beginning of Year Reserved for Debt Service 1,568,500 1,568,500 1,568,500 Unreserved Fund Balance,End of Year $1468,500 $1,568,500 $19568,500 B-29 CHANGES IN FINANCIAL POSITION WATER FUND 2003.04 2004-05 Original Revised Actual Budget projection Variance Revenues Investment and Property Revenues 42,900 184,600 184,600 Subventions and Grants 910,000 2,009,700 2,009,700 Service Charges Water Sates Water Service Charges 7,123,600 7,739,500 7,739,500 Sales to Cal Poly 484,600 504,900 504,900 Development Impact Fees 960,700 1,873,800 1,873,800 Connection Charges and Meter Sales 28,200 22,500 22,500 Account Set-up Fee 125,700 105,600 105,600 Other Service Charges 110,900 110,700 110,700 Other Revenues 269,600 15,000 15,000 Total Revenues 10,056,2011 10456,600 129566,300 2,0091700 ]Expenditures Operating Programs Public Utilities 4,708,100 4,577,200 4,761,800 (184,600) General Government 1,321,200 1,360,800 1,313,100 47,700 Total Operating Programs 6,029,300 5,938,000 6,074,900 (136,900) Capital Improvement Plan Projects 9,757,500 11,069,500 21,100,300 (10,030,800) Debt Service 1,122,900 1,678,600 1,678,600 Total Expenditures 16,909,701 18,686,101 25,853,800 (10,167,700) Other Sources(Uses) Other Sources(uses) (10,400) Proceeds from Debt Financing 3,483,600 8,085,000 13,711,900 (5,626,900) Potential MOA Adjustments (45,300) (45,300) Total Other Sources(Uses) 314739200 8,039,700 13,6669600 5,6269900 Revenues and Other Sources Over(under) Expenditures and Other Uses (3,380,300) (89,800) (2,620,900) (2,531,100) Worsting Capital,Beginning of Year 12,408,500 6,147,300 9,028,200 2,880,900 Working Capital,End of Year $9,028,200 $6,057,500 $6,407,300 $349,800 B-30 ,CHANGES IN FINANCIAL POSITION SEWER FUND 2003-04 200445 Original Revised Actual Budget Projection Variance Revenues Investment and Property Revenues 32,500 66,300 66,300 Subventions and Grants Service Charges Customer Sales Sewer Service Charges 7,582,200 7,959,800 7,959,800 Sales to Cal Poly 242,000 262,500 262,500 Industrial User Charges 45,800 47,500 47,500 CUPA Inspection Fees 200 Development Impact Fees 366,600 655,600 655,600 Other Service Charges 3,500 10,000 10,000 Other Revenues 22,000 22,000 Total Revenues 8,2721800 99001,700 990239700 4000 Expenditures Operating Program Public Utilities 4,098,300 4,251,400 4,655,000 (403,600) General Government 1,076,900 1,109,200 1,109,200 Total Operating Programs 5,175,200 5,360,600 5,764,200 (403,600) Capital Improvment Plan Projects 2,161,300 8,686,800 11,498,200 (2,811,400) Debt Service 2,432,400 2,412,200 2,412,200 Total Expenditures 9,768,900 1(44599600 199674,600 (3,2151000) Other Sources(Uses) Proceeds from Debt Financing 417,200 7,795,000 8,864,700 (1,069,700) Potential MOA Adjustments (43,700) (43,700) Other Sources(Uses) 10,400 (63,900) 63,900 Total Other Sources(Uses) 427,600 7,687,400 8,821,000 191339600 Revenues and Other Sources Over(Under) Expenditures and Other Uses (1,068,500) 229,500 (1,829,900) (2,059,400) Working Capital,Beginning of Year 4,798,000 1,879,500 3,729,500 1,850,000 Working Capital,End of Year $3,729,500 $2,1092000 $1099600 ($209,400) B-31 ,CHANGES IN FINANCIAL POSITION PARKING FUND 2003-04 200405 Original Revised Actual Budget Projection variance Revenues Investment and Property Revenues 81,100 191,000 191,000 Fines and Forfeitures 777,000 763,500 763,500 Service Charges Parking Meter Collections Lots 328,100 308,200 308,200 Streets 900,500 896,700 896,700 Parking Structure Collections 535,100 735,700 735,700 Long-Term Parking Revenues 364,800 430,800 430,800 Lease Revenues 159,200 160,900 160,900 Parking In-Lieu Fees 105,700 106,600 634,600 528,000 Other Revenues 1,370,300 100 100 Total Revenues 49621,800 3,5939500 4,121,500 528,000 Expenditures Operating Programs Transportation 1,391,000 1,335,600 1,364,500 (28,900) General Government 413,800 426,200 426,200 Total Operating Programs. 1,804,800 1,761,800 1,790,700 (28,900) Capital Improvement Plan Projects 2,559,500 1,224,300 11,264,400 (10,040,100) Debt Service 713,300 909,700 909,700 Total Eapeoditums 5,077,600 3,895,800 13,964,800 (10,069,000) Other Sources(Uses) Proceeds from Debt Financing 692,100 8,024,100 8,024,100 Other Sources(Uses) Potential MOA Adjustments (12,200) (12,200) Total Other Sources(Uses) 692,100 (12,200) 8,011,900 8,024,100 Revenues and Other Sources Over(Under) Expenditures and Other Uses 236,300 (314,500) (1,831,400) (1,516,900) Working Capital,Beginning of Year 5,246,500 3,456,900 5,482,800 2,025,900 Working Capital,End of Year. $5,482,800 $3,142,400 $3451,400 $509,000 B-32 �CHANGES IN FINANCIAL POSITION TRANSIT FUND 2003-04 2004-05 Original Revised Actual Budget Projection Variance Revenues Investment and Property Revenues 1,800 2,600 2,600 Subventions and Grants TDA Revenues 1,312,000 1,339,300 1,340,500 1,200 Other Grants FTA Grants 965,000 800,000 752,800 (47,200) Service Charges 331,400 397,500 397,500 Other Revenues 2,000 7,600 5,600 Total Revenues 2,610,200 2,541,400 2,501,000 (40,400) Expenditures Operating Programs Transportation 1,861,900 1,705,200 1,730,900 (25,700) General Government 285,800 294,400 294,400 Total Operating Programs 2,147,700 1,999,600 2,025,300 (25,700) Capital Improvement plan Projects 260,800 339,300 1,010,100 (670,800) Total Expenditures 2,408,500 2438,900 31035,400 (6969500) Other Sources(Uses) Potential MOA Adjustments (2,700) (2,700) Total Other Sources(Uses) (2,700) (2,700) Revenues and Other Sources Over(Under) Expenditures and Other Uses 201,700 199,800 (537,100) 736,900 Working Capital,Beginning of Year 401,300 162,600 603,000 440,400 Wonting Capital,End of Year $603,000 $362,400 $65,900 ($296,500) B-33 CHANGES IN FINANCIAL POSITION GOLF FUND 2003-04 2004-W Original Revd Actual Budget Projection Variance Revenues Investment and Property Revenues 800 1,500 1,500 Service Charges Retail Sales 26,200 16,500 16,500 Green Fees 235,400 243,900 243,900 Other Fees 39,300 42,200 42,200 Total Revenues 301,700 304,100 304,100 Expenditures Operating Programs Leisure,Cultural&Social Services 377,700 400,700 424,600 (23,900) General Government 103,200 106,300 106,300 Total Operating Programs 480,900 507,000 530,900 (23,900) Capital Improvement Plan Projects 17,100 45,300 (45,300) Total Expenditures 498,000 507,000 5769200 (69,200) Other Sources(Uses) Operating Transfers In 171,700 208,900 208,900 Expenditure Savings 23,900 23,900 Potential MOA Adjustments (6,000) (6,000) Total Other Sources(Uses) 171,700 2029900 226,800 23,900 Revenues and Other Sources Over(under) Expenditures and Other Uses (24,600) (45,300) (45,300) Worldng Capital,Beginning of Year 69,900 45,300 45,300 Worldng Capital,End of Year $457300 $ - $ - $ - B-34 CHANGES IN FINANCIAL POSITION WHALE ROCK CONMSSION 2003-04 2004-05 Original Revised Actual Budget Projection Variance Revenues Investment and Property Revenues 3,500 20,000 20,000 Subventions&Grants Service Charges Member Agency Contributions 717,600 651,900 651,900 Water Distribution Charges 224,000 296,000 296,000 Other Revenues Other Revenues 5,000 1,000 1,000 Total Revenues 9509100 9681900 968,900 Expenditures Operating Programs Public Utilities 559,600 689,900 822,300 (132,400) General Government 123,200 126,900 126,900 Total Operating Programs 682,800 816,800 949,200 (132,400) Capital Improvement Plan Projects 145,700 90,000 696500 (606,500) Total Expenditures 828,500 906,800 1,6459700 (738,900) Other Sources(uses) Potential MOA Adjustments (12,100) (12,100) Total Other Sour-ces(uses) (12,100) (12,100) Revenues and Other Sources Over(under) Expenditures and Other Uses 121,600 50,000 (688,900) (738,900) Worsting Capital,Beginning of Year 639,200 95,800 760,800 665,000 Working Capital,End of Year $760,800 $145,800 $71,900 ($73,900) B-35 MID-YEAR BUDGET REQUESTS SUMMARY OF 11 • 1 MID-YEAR BUDGET REQUESTS Page No. One-time On-going Total OPERATING PROGRAMS General Fund Parks &Recreation ■ Increase in facility use fees C-2 20,000 20,000 Finance&I T ■ Revenue ballot measure analysis C-5 35,000 35,000 General Fund subtotal 35,000 20,000 55,000 Total Operating Programs 35,000 20,000 55,000 CAPITAL RAPROVEMENT PLAN Capital Outlay General Fund ■ Mosquito abatement services C-8 159000 TOTAL MID-YEAR REQUESTS-General Fund $ 70,000 ai SIGNIFICANTbPERATING PROGRAM FACILITY USE FEES FOR RECREATION PROGRAMS Request Summary Approve an increase in the 2004-05 operating budget for use fees totaling $20,000 to cover rising costs for facility usage of San Luis Coastal Unified School District(SLCUSD)properties. Key Objectives 1. Increase line items related to building and property use to reflect an increase in facility charges to the City from SLCUSD. 2. Allow recreation programs to continue in school district facilities as the City has limited recreational facility space to accommodate its programs. Factors Driving the Request for Change 1. In 2003, the City entered into a new joint use agreement with SLCUSD for use of school facilities to house programs for youth and adults in the community. A result of that agreement was a new billing structure from the school district, which added costs such as custodial overtime, utility use, repairs, etc. Those costs were not fully anticipated when the current financial plan was being developed. 2. The school district has been erratic in billing the City;bills are usually received en masse at the end of the fiscal year, and sometimes after the end of the fiscal year in which they were incurred. As a result, there has not been an opportunity to catch up with the fee increases over the past two years. Costs estimated during the preparation of the 2003-05 Financial Plan were much lower than what the City has been billed for. Meeting the needs of elementary school parents for before and after school child care in Children's Services has required additional rooms at some school sites in order to comply with State child care licensing requirements for minimum space per child and accommodate those on waiting lists for the Sun N Fun program. The facility use bill for fiscal year 2004-05 is estimated to be $95,000 (see chart below); the current budget allocation for all program building & property lines is $45,000. SLCUSD staff has agreed to waive $30,000 of the projected $95,000 in fees in 2004-05 because the increase in overtime was introduced after the approval of the 2003-05 Financial Plan for the City. The overtime charges will be assessed in future years as SLCUSD felt the City would have time to adjust financing to meet the increase in costs. FACILITY USE&OVERTIME COSTS FOR PARKS It RECREATION PROGRAMS 2003-04 200405 Facility Use Charges 61,300 60,000 Overtime Charges for Custodial Work 5,400 35,000 Total Charges 66,700 95,000 2004-05 Budget for Facility Rental 45,000 Waiver of OT Charges for FY 2004-05 30,000 Net Deficit for 2004-05 20,000 3. Staff compared the use of SLUCSD facilities in2003-04 to the projected uses in 2004-2005. The total use fee estimated for this fiscal year is $60,000 compared to the rate paid in 2003-2004 of$61,300 (which included a one-time fee of$3,500 for space while the Ludwick Center was being renovated). The biggest cost increase C-2 SIGNIFICANT OPERATING PROGRAM s • 1 FACILITY USE FEES FOR RECREATION PROGRAMS comes in the amount of overtime charged to the City for custodial services: $5,400 in 2003-2004 versus $35,000 for 2004-2005. 4. Staff has met with school district staff to discuss the increased costs and is working to reduce the overtime charges through exchange of in-kind services and a phasing in of overtime costs over a two year period. 5. Even with the significant fee increase, the rates charged by the School District are very reasonable. For $95,000 the City uses: 11 classrooms, 7 gymnasiums and selected other indoor facilities totaling over 44,000 square feet. This is the equivalent of 2 additional Ludwick Centers at a cost of 17 cents per square foot per month. Similar space in the open market would cost$1.60 per square foot per month. Alternatives Other than reducing services in other programs,there is no other viable option for the current fiscal year. Revenue increases and strategies to offset the costs increases are being explored for the 2005-07 Financial Plan, but there is insufficient time left in this fiscal year to implement them. Implementation Implementation would take place within this fiscal year to cover program facility use costs. Operating Program Recreation Programs: Adult Athletics/Classes,Youth Sports/Special Events,Teens&Seniors,Children's Services Cost Summary Line Item Dmripdm Account No. 2004.05 000 Building&Property-Adult Sports/Classes 100-60230-7701 1,000 Building&Property-Youth Sports/Special Events 100-60240-7701 12,000 Building&Property-Children's Services 100-60250-7701 3,500 .,Building&Pro -Teens&Seniors 100-60270-7701 3,500 Total Increase $20 000 Because the SLCUSD is waiving$30,000 in facility usage fees in 2004-05,this request is for$20,000 to make up the shortfall in the current fiscal year. For subsequent fiscal years, an additional$50,000 will be needed to cover all facility and custodial overtime charges being made to the City by the School District. To offset increasing costs over the next two years,Staff is proposing to do the following: Revenue Enhancements 1. Increasing the hourly rate for Sun N Fun from$2.70/hour to$3.00/hour will,generate$26,000 annually. (Note: Nine cents of the 30-cent increase is the projected cost of living adjustment.) 2. Increasing registration fee for Youth Basketball by$7.50/participant will generate$6,000 annually. Combined,these increases will offset increased costs by$32,000. C-3 SIGNIFICANT OPERATING • • • 1 1 FACILITY USE FEES FOR RECREATION PROGRAMS Cost Offsets 1. Offer in-kind service by having the Ranger Services staff patrol school district sites during maintenance down times. An estimated $10,000 in Ranger Services staff_nwould be utilized to patrol school sites and used to offset costs. Negotiations with the School District are still underway so acceptance of this service as an option has not been made. The Ranger Service will addthis to the regular patrol and should impact the Ranger patrol by .05 hour/patrol day/site during renovation time. There are 7 schools within the City limits. School renovations are accomplished during August but not all school fields are renovated annually. The workload impact of the Ranger Service is estimated at 60 hours during the month of August annually. 2. Offer in-kind service in the form of handling all outdoor facility reservations for the District. Since many of the requests received by the District are similar in nature to what the City handles for youth sports organizations, impact to staff would be minimal. Should the City go to an online reservation system, those District facilities could also be scheduled via the Internet. Approximately $8,000 would be offered as an exchange for staff to complete registration tasks and for materials and supplies. This service has been offered to the School District as a means to reduce the overtime charges and as of this date,has not been accepted. Combined,these two possible"in-kind"services would offset the remaining$18,000 cost increase. C-4 SIGNIFICANT OPERATING PROGRAM REVENUE BALLOT MEASURE FEASIBILITY ANALYSIS Request Summary Using professional assistance in analyzing the feasibility of a revenue ballot measure in 2006 will cost $35,000 in 2004-05. Background. The results of the five-year General Fund forecast presented to the Council in December 2004 show that the City is again facing another tough fiscal outlook. The forecast projects an annual budget gap of $2.4 million in 2005-07—excluding the $1.4 reserve shortfall—even if all we do is maintain current service levels and continue the severely reduced capital improvement program implemented in 2003-05. As shown in the sidebar graph, while less severe, Forecast Budget Gap:2005-10 this gap continues beyond 2005-07. 2 2006-07 2W7-08 2008-09 2009.10 $250,000 In pro-actively addressing the forecast results, T `' Ti H the Council directed staff to return with a -$500,000 proposal for evaluating the feasibility of a -$1,250,000 revenue ballot measure in 2006 as part of the 200405 mid-year budget review. -$2,000,000 Revenue Ballot Measure. Under Proposition $2,7so,000 218, implementation of any significant new -$3,500,0 00 revenues will require voter approval. A number of communities have been successful in doing -$4,250,000 - ' so; however, this has only occurred when there have been serious fiscal problems in maintaining basic service levels, or a compelling vision for a Annual Gap a Carryover Gap from20oa-os the use of the new revenues. Although they were driven by very different factors—hopes versus fears—all of these successful efforts share one thing in common: they were the result of extensive community-based efforts, which included a combination of outreach tools and professional assistance to use them effectively such as scientific public opinion research, education programs and a strong follow-on advocacy group that will aggressively raise funds and campaign for the issue once it is on the ballot. This last issue cannot be stressed enough. Under State law; cities have broad discretion in using their funds for professional assistance in researching issues, conducting surveys and developing voter support strategies. However, once an issue becomes a formal ballot measure, cities cannot participate as an advocate in any way. In short, unless there is a strong community-based group that is willing to aggressively raise funds and campaign for the measure,it is not likely to pass. Related Past Work. The City completed a similar analysis in November 2003 with the assistance of The Lew Edwards Group and Fairbanks, Maslin, Maullin & Associates (FMMA). While the results regarding satisfaction with City services were very favorable, not enough support was evidenced for a successful two-thirds measure. As such, the Council decided not to go forward with a revenue measure at that time. However, the City's fiscal circumstances have changed significantly since: we are now concerned with our ability to continue core service levels and adequately maintain existing infrastructure and facilities – let alone fund new ones. This was not the assumption when we prepared this analysis in November 2003. As such,we do not recommend relying upon those results. However, if we go forward with this analysis, we recommend retaining the same team based on the quality of their work and their familiarity with the City. G5 SIGN I F1 • s PROGRAM • 1 REVENUE BALLOT MEASURE FEASIBILITY ANALYSIS City Manager Discussions and Potentially Competing Measures. The City is not alone in considering the need for added revenues on an ongoing basis: the city managers in the County have had — and will continue to have —.an ongoing dialog about the most effective way of approaching this. On one hand,each city has its own story to tell to its own voters. On the other hand, there may be benefits to a coordinated effort. Moreover, there is recognition that cities need to be sensitive to the legitimate revenue needs of other agencies — such as schools, libraries and SLOCOG for regional transportation needs—and the possibility of competing measures. While we need to move forward with this effort,we will continue stay in close contact with the plans of other agencies. Timing. Under Proposition 218, new or increased general-purpose taxes require majority voter approval, and the measure must be held at the same time as regular Council elections (November .2006), unless the Council unanimously decides to do otherwise. On the other hand, special taxes require two-thirds majority approval,but the election can be held at any time. However, research shows that tax measures typically do better when held in conjunction with general elections, rather than as standalone items. As such, whether a general or special purpose tax,this means that the soonest that a revenue measure could be submitted to the voters is June 2006. In either case,in order to be ready fora revenue ballot measure at some point in 2006, the feasibility analysis needs to begin right away. Key Objectives 1. Assess the overall feasibility of a ballot measure in 2006. 2. If feasible,identify programs and projects most likely to generate broad-based community support. 3. Recommend a majority or two-thirds voter approval measure. 4. Recommend election timing(June or November 2006). 5. Advise on the best increased or new revenue sources,and the amount they should raise. 6. Evaluate community-group resource requirements,and the likelihood that such a group will be formed. Factors Driving the Request for Change 1. Council direction at the December 14, 2004 budget workshop to return with a proposal for evaluating the feasibility of a revenue ballot measure in 2006 as part of the 2004-05 mid-year budget review. 2. 2003-05 Major City goal to ensure the City's long-term fiscal health. 3. In a post-Proposition 218 environment, successful revenue ballot measures are required to increase existing taxes or establish new ones. Alternatives 1. Do not consider the feasibility of revenue ballot measure in 2006. Future operating programs and capital improvement plan projects will be limited to existing revenue sources if the City does not explore alternative revenue options. This will significantly limit our ability to maintain current service levels and adequately maintain existing assets—let alone achieve our long-term CIP goals. 2. Consider a revenue ballot measure in 2006 but do not use professional assistance in preparing for it. Based on the experience of other communities,this is likely to result in an unsuccessful ballot measure. Implementation C-6 OPERATING s PROGRAM REVENUE BALLOT MEASURE FEASIBILITY ANALYSIS Implementation Task Date Enter into agreements with The Lew Edwards Group and FMMA. 2-05 Complete the feasibility analysis and present the results to the Council. 7-05 In the event that the Council decides to go forward in preparing for a 2006 revenue ballot measure, additional work (and related) resources will be required These will be determined at that time, but conducting a successful community education program before placing the measure on the ballot is likely to cost between $50,000 and $75,000. Operating Program Finance&Information Technology Administration Cost Summary Line Item Descaioun - - Account No 2004 Contract Services 100.25100.7227 35,00 Total ra Costs $ 35-0001 C-7 CAPITAL IMPROVEMENT PLAN SHORT-TERM MOSQUITO ABATEMENT SERVICES FOR LAGUNA LAKE CIP Project Summary Contracting for multiple applications of granular larvacide by helicopter into Laguna Lake as directed by the County Health Department will cost$15,000 in 2004-05. Project Objectives 3. Comply with immediate, short term needs of vector control standards. 4. Insure reasonable protection to the public from outbreaks of West Nile virus. 5. Provide a one-time,interim protective measure pending any further action by the County. 6. Comply with City Council direction. Eyisting Situation At the August 31, 2004 Council meeting, a resolution was adopted formally requesting that the County establish a permanent vector control district. In addition, one of the ancillary recommendations in the Agenda Report was for "staff to return with a mid-year budget request for $15,000 to cover future costs of additional helicopter applications of larvacide at Laguna Lake, beginning in the spring of 2005, if no funds can be found from the County for this work." Presently, the County has no funds to provide the helicopter service but is providing all other labor and materials including chemicals, chemical preparation,permits,monitoring,and field monitoring. This joint cost sharing resulted from the City agreeing to help supplement costs for dispensing granular larvacide into Laguna Lake through the end of the 2005 mosquito season.The intent was to help offset a portion of the fiscal impact while the County formally established a permanent vector control district. This cost sharing agreement was intended to only continue over the short term to buy some time for the County to formally create and fund a vector control program which they would provide Countywide. County Health Department staff was recently unsuccessful in gaining approval by the Board of Supervisors to pursue a ballot measure for funding a vector control district. This would have covered all future costs, including helicopter contract services, as well as comprehensive pest control services beyond mosquito abatement and control once funding became available late 2005. Following Council's direction staff is requesting funding to apply the larvacide in the spring of 2005. Whether or not we will request additional funding to continue this program as part of the 2005-07 Financial Plan will depend both on the program's success and any future actions by the County. Goal and Polity links 1. Council adopted agenda item to provide funding for Spring 2005 application of larvacide. 2. Safe,useful,and attractive parks and landscaped areas. Project Work Completed 1. First application of granular larvacide was applied to the lake in September 2004. 2. An unsuccessful attempt by the County to gain Board approval of a ballot measure to establish a vector control district. C-8 CAPITAL IMPROVEMENT e SHORT-TERM MOSQUITO ABATEMENT SERVICES FOR LAGUNA LAKE Environmental Review No environmental review is required. The County is providing all permitting, monitoring, chemicals and record keeping. Project Phasing and Funding Sources Pro'ect Costs bv Type Project Costs To-Date 2004-05 2005-06 2006-07 Total Contract Services 3,500 15,000_ 18,500 Total 39500 15,000 18,500 Department Coordinator and Project Review/Support Department Coordinator. Todd Beights,Parks and Urban Forest Maintenance Supervisor Project Review and Support. None Alternatives 1. Deny the Project. Council agreed to work cooperatively with the County to share in this short term solution.. Denial of this recommendation would be inconsistent with this agreement.and place citizens at a higher risk of exposure to the West Nile virus. 2. Defer or Re phase the Request. Providing funding for helicopter distribution is an immediate need and part of a short term solution,therefore deferring it is not realistic. 3. Change the Scope of the Project. City and County staff have researched all the possible methods for mosquito abatement available and have determined that aerial dispensing of granular larvacide by helicopter is the only viable option. Operating Program Parks and Landscape Maintenance Project Effect on the Operating Budget Requesting Department Parks Maintenance Staff 20 hrs per application Project Support. All other support provided by the County Health C-9 Section RECENT FINANCIAL AND REVENUE REPORTS city of j san tuts ompo Quarterly Financial Report Second Quarter of 2004-05 January 31,2005 1 op Toil RevenUeS Budget YTD Actual Sales tax 11,712,800 4,975,400 42% Property tax 6,333,900 3,004,000 47% OVERVIEW Transient occupancy tax 3,956,000 2,228,800 56% Utility users tax 3,973.300 1,932,800 49% This report summarizes the City's overall financial Vehicle in-lieu(VLF) 2,840,100 386,400 14% position for the fiscal year through December 2004. Frances rax 1.546,500 1,417,800 96% p Y � Franchise fees 1,956,500 1,112,800 57% Except as noted below, revenues and operating Development review fees 2,900,200 1.058,100 36% expenditures are generally on target based on past Recreation fees 1,137,000 420,600 37% trends for the Second quarter. Interest on investments 300,000 127.800 43% Toter 36,656,400 16,734,500 46% Adjusted Budgets. The revenue projections and 0 Sales Tax. Year-to-date results are generally on budgets include adjustments for encumbrances, carryovers and expenditure reduction targets as well target with our projections, and are less than 50% supplemental appropriations approved by the due to the"triple flip." If this works as it is supposed as any . Council as December 31, 2004. to, this should be revenue neutral for the City. We will soon be distributing an update on underlying Mid-Year Review. The City's overall revenue and Fends for the quarter ended September 30, 2004 expenditure picture will be discussed in greater detail based on information from our sales tax advisor. during the Mid-Year Budget Review scheduled for a Transient Occupancy Tax (TOT). As Council consideration on February 15,2005. indicated in the recent TOT newsletter, after a rocky start this fiscal year, revenues are now showing GENERAL FUND positive growth more consistent with the 3% growth projection. Receipts are 2.6% higher than the same General Fund Financial Condition. With 50% of quarter last year. We will continue to closely the year complete, General Fund revenues and monitor this revenue source. expenditures are both at 47% of projections. . VLF. The State's budget for 2004-05 includes BudgetGeneral Fund Balance the "VLF Swap," under which an equal amount of Revenues 31,799,300 18,058,700 47% "VLF Backfill" (in our case, about $1.8 million Expen(!ilurcs 36,795,500 17,449,700 47% annually) will be "Swapped" for an equal amount of Other Soes(Uses) (4,354,700) (1,735,900) 40% increased property tax revenues. If this works as it is Balance,start of Year 9,907,700 8,807.700 Yeer-to-Datx 6A56JW 7 supposed to, this swapshould be revenue neutral for the City, resulting in lower VLF revenues than Top Ten Revenues. Our top ten revenues account budgeted, but equally higher property tax revenues. for 94%of total General Fund revenues. By focusing The City will receive its first "swap" payment in on these, we can get an excellent understanding of January. our revenue position. Overall,these key revenues are • Business Tax. The renewal cycle for business generally performing as projected based on payment tax occurs during the second quarter of the fiscal schedules and past trends for the second quarter. year. Collections are approximately 3% higher than Any significant variances are noted below. a year ago. • Development Review Fees. We continue to closely monitor this revenue source. Collections are slightly higher (1.5%) than realized for the second quarter of 2003-04. Unfortunately, this is consistent D-1 Quarterly Financial Report Second Quarter of 2004-05 with the downward estimates reflected in the recent Sewer Fund five-year forecast. Working Capital Budget ' Actual Percent Revenues 9,023,700 3,644,800 40% Ex nditures. eratin costs are right on target or Expenditures g for Operating programs 5,764,200 2,751,900 48% the second quarter of the year as summarized below: CIP projects 11,498,100 785,400 7% Debt service 2,412,200 2,173,700 90% Expenditures By�ype Budget YTD Actual %Expended Other Sources(Uses) 9,672,200 0% Staffing 30,825,800 15 030,700 49% Gonane services 4,597,200 1,784,700 39% Balance,Start of Year 3,729,500 3;729500 ane Year-to-Date 750 1 Telecomm&utilities 1.372,700 704,200 51% _ Insurance 907,400 689,000 76% Other operating costs 4328,900 921,900 40% Parkin Fund Minor capital 188,400 42,000 22% Working Capital Budget YTD Actual Percent Total by type 40,220,400 19,172500 48% Revenues 3593,500 2,811,300 78% Reimbursed expenditures 3,424,900 (1,722,800 50% Expenditures Total 795 00 17,449,700 47% Operating programs 1,790,700 791,900 44% CIP projects 11,264,500 365,600 3% Debt service 909,700 384500 42% The only key variance "by type" is insurance. This Other sources(Uses) 8,661,200 651.300 8% reflects the City's annual premium for liability which Balimm start of Year 5,482,800 5,482,900 is due in full in July of each year. Brileuc Yea*4 nate 3,772,6001 7,403,4 00 Departmental operating expenditures are also on Transit Fund target as summarized by the following: Budget ' Revenues 2,501,000 554,100 22% Expenditures Budget YTD Actual %:Expended�1 Expenditures Administration 1,896,600 995;900 53% Operating programs 2,025,300 993,800 49% CIP projects 1,010,100 137,600 14% City Attorney 398,600 191,100 48% Other Sources(Uses) (2,700) City Clerk 701,900 208,600 30% Balance,Start of Year 603,000 603,000 Human Resources 1,993,700 1,179,600 59% Balatim Year-to-Date 65 0 25700 Finance&IT 3,192,200 1,171,400 37% Community Development 2,354,300 1,049,700 45% Golf Fund Parks&Recreation 2,898,600 1,389,600 48% Public Works 8,393,160 4,095,300 49%1 Working Cip;tal Buciciet YID Actual Percent. Police 10,765,900 4,980,600 46% Revenues 304,100 142,900 47% Fire 7,625,300 3,910,700 51% Expenditures Total Departmental 40,220,400 19,1725 � 00 48% Operating ms gprogra530,900 269,100 51% Reimbursed 'tures (3,424,900) (1,722,800) 50% CIP projects 45,300 3,900 9% Total Eipenditicum 795,500 1 17 9,700 47% Other Sources(Uses) 226,800 104,400 46% Balance.Start of Year .45300 45,300 As noted above, the only significant variance is in Year-to-Date 19 Human Resources, which reflects the City's annual Whale Rock Commission liability premium payment Budaet YTD Actual Percent Revenues 968,900 459;600 47% ENTERPRISE FUNDS Expenditures Operating programs 949,200 386,800 41% CIP projects 696500 84,800 12% The following summarizes year-to-date revenues, other Sources(Uses) (12,100) o% expenditures and changes in worldng capital for the Balance,Start of Year 760,800 760,800 - enterprise funds. In general, revenues and Balance,Year-to-Date 71 7 expenditures are consistent with past trends. For More information. This summary is based on Water Fund detailed information produced by the City's financial Wo-rki.ng Capiml Budget YTD Actual Percent management system If you would like additional Revenues 12,566,300 5,004,800 40% information, or have any questions about the report, ExpeIIdi°res please call Finance at 781-7127. Operating programs 6,074,900 3,016,000 50% CIPprojects 21,100,300 3598,600 17% Debt service 1,678,600 545,100 32% Other Sources(Uses) 13,873,9002,419,700 17% Balance,Start of Year 9,028,200 9,028,200 -Year-to-Date 14 993 Electronic Distribution: All Employees D-2 city of i� san lues owspo �. Sales Tax Newsletter Third Quarter of Calendar Year 2004 February 7,2005 moderation in rates recently),the rate of increase over the last year is unlikely to continue. This is important to OVERVIEW note, because without this spike,point-of-sale revenues would have been flat For the Quarter. This newsletter covers the City's sales tax revenues received in December 2004 for sales Accordingly, in light of the prior quarter where point-of- occurring from July through September 2004. After sale revenues were also flat, combined with the strong ---____ adjusting for "base" from 2003-04, we appear to be on-track with the apportionment errors revised projection in the five-year General Fund forecast After adfustmants,"point-bf- prepared in December 2004 for flat sales tax revenues in sale"revenues were up by 4116and late payments, 2004-05. compared with 619 same "poim-0f-sale"revenues j quarter Mitt year. were up by 4'�' NEWSLETTER CONTENTS compared with the same quarter last year. This newsletter includes a summary prepared by the Sales Tax Rece'" is Summar City's sales tax advisor highlighting key trends and sales Sales Tax Receipts 3rd,bir 0 2ni Qtr 03 %Chatige tax issues. It also includes the following charts and Reported Point-of-Sale 2,643,871 2,624,590 0.7% graphs about the City's sales tax base: Net Adjustments 85,000 Adjusted Point-of Sate 2,728,871 1 2,624,590 4.0% ■ Major business groups:last 5 quarters Pool Receipts _ 316,074 240,874 31.2% ■ Top Total 9,044,945 2,865,464 6.3% 25 sales tax producers(listed alphabetically for . this quarter) The following summarizes "point-of-sale" revenues by ■ Top 20 business -~—� ones:this Several of these,charts major business group, after adjusting for late payments, categories: are based on-'Yaw" apportionment.earns last year and other adjustments quarter compared unae>'justad data As i identified b our sales tax advisor: with last y� i y ■ Sales capita: such,cauttan should be € Per ap used In anaWng these Adjusted Sides Tax Recei is jklTne City compared results. Point-of-Sale RecPptS 2nd Qtr 04 2nd Qtr D-3 C ha-n 9 e, with the County Gen Consumer Goods 718,008 707,147 1.5% and State,last 13 quarters Autos&Transportation 774,047 747,352 3.6% ■ Major business groups:last 13 quarters Business&Industry 162,958 202;399 -19.5% Restaurants&Hotels 276,893 285,313 -3.0% ■ Sales per capita:City compared with five other Building&Construction' 327,830 299,262 9.5% agencies in the region,last 13 quarters Food&Drugs 172,001 177,704 -32% ■ Sales tax revenues by geographic area:this quarter Fuel&Service Stations 297,134 205,415 44.7% compared with last year Total 7728,871 2,624,592 4.0% A listing of individuals and organizations that routinely Continuing Trends. The third quarter—summer receive this newsletter is provided at the end of the report. sales—traditionally the strongest one for new car sales. With a 3.6%increase from last summer,this is a positive MORE INFORMATION AVAILABLE trend. General consumer goods, on the other hand,were basically flat compared with last summer. However, the The information provided in this newsletter is based on a most important quarter for this category is the fourth one, detailed database available to the City through our sales and we won't have results for that until April 2005 at the tax advisor. If you require additional information about soonest. Lastly, revenues from fuel and service stations the City s retail base, or have any questions about this continue to climb with higher pump prices. Even if gas newsletter,please contact Bill Statler,Director of Finance prices stay relatively high (and there has been some &Information Technology,at(805)781-7125. D-3 city of sAn Luis ompo .,`,. µ7)l.':'`" :a.aaY `"T3 "' "- `� e we f: 4.'�`^ .,+ "'+ 'fi'.�„c " •m "c' Monthly TOT Report December 2004 February 2, 2005 This report covers the City's transient occupancy tax (TOT) revenues for July through December 2004 compared with the two prior years. As reflected below, revenues for December are up by 6.8 % from last year,and are up 11 %year-to-date, What's This Mean? The continued increase in December TOT revenue maintains the positive trend upward and this is wonderful news. The last four months have been some of the most stable and significantly positive returns that we have seen in a longTOTRevenues __ while, and this is precisely the Prior Year LAW Year This rearlast Year Vs This Year direction that we hope to keep. io---_ X03 oa ioo4 os nrrwr,rn _ Percerrt. moving in. ady $ 441,914 $ 451,822 $ 442,9b5 $ (8,877) -2.00/c August 490,001 486,415 461,982 (24,433) -5.0% Although these months have September 313,424 306,109 346,999 40,890 13.4% October 313,400 316,821 336,055 19,234 6.1% shown significant growth, the November 272,992 274,442 295,660 21,218 7.7% additional revenue still does not December 231,857 2g7,g72 254,052 16,180 6.8% have the same impact on year- tteatiaeroaa 2,osa,see: oTaast si ea,2tr ;.;: a % to-date totals as the more January 202,337 230,778 traditional "revenue-generatce' Ferry 279,214 282,223 months of summer do. That is nom, 276,196 277,486 why, inspite of the marked April $14,405 364,560 increases, the year-to-date May V4,692 328,708 change is a modest 3.1%. If the June 3OZ131 387,003 7L1TAL, aeaasss - a ,ys7a _.':__.:. current trend continues, the City will meet the 2004-05 fiscal year revenue projection in the 2003-05 Financial Plan Supplement, which forecasts TOT revenue to grow by 3%. We should continue to remain cautious in our enthusiasm, however,because we are only half way through the year. Where to From Here? We are pleased to see that revenues increased again in December and remain guardedly optimistic about future TOT revenues (but privately we are doing a quiet dance of joy, which may turn into a visible jig down the halls should the next few months follow suit). We will continue to monitor TOT revenues closely over the next several months. For More Information. Please call Jodi Polk, Customer Services Supervisor; at (805) 781-7129. DISTRIBUTION:City Council,Department Pleads,Department Fiscal Officers,Budget Review Team,Economic Development Manager,Promotional Coordinating Committee,Visitors&Conference Bureau,SIA Chamber of Commerce,Barnett Cox&Associates,The Tribune(Leslie Stevens),UCSB Forecast Project,Mike Smith,Pragoa Patel,Paul Broom,Chris Overby,Business Times D-4 STATUS OF GOALS AND OBJECTIVES 2003-05 Financial Plan STATUS OF GOALS AND OBJECTIVES As of February 1, 2005 TABLE OF CONTENTS INTRODUCTION OTHER COUNCIL OBJECTIVES Overview 1 Transportation Report Card:Major City Goals 1 Laurel Lane/OccuttBullock Realignment 19 Report Card: Other Council Objectives 2 Santa Barbara Street Widening 19 Action Plan Changes 2 Waterways Management Plan Next Report 3 Implementation Program 19 MAJOR CITY GOALS Palm-Nipomo Parking Structure Plans 19 Short-Range Transit Plan 19 Public Utilities Communio Development Long Term Water Supply 4 ``amort`m Annexation 19 Dalidio Property Annexation 19 Transportation Auto Center Expansion 20 Downtown Improvements: Street and Sidewalk Maintenance 5 Cultural Center Development 20 Los Osos Valley Road Interchange 6 Railroad Safety Trail 7 STATUS OF CIP PROJECTS Leisure& Cultural Services ,Therapy Pool 8 Status of Major Capital Improvement 21 Plan Projects Community Development Housing 9 Neighborhood Wellness 10 South Broad Street Corridor Plan 11 Downtown Improvements:Monterey Plaza 12 Economic Development:TOT 13 Economic Development: Sales Tax 15 General Government Long-Term Fiscal Health 17 city of San tUIS OBISPO ' INTRODUCTION OVERVIEW half of the goals are near or exceed this leve4 with most goals showing good progress. This report details the status of major City goals set Organization The "report card" is followed by a by the Council as part of the 2003-05 Financial Plan. short summary of notable changes from the original In general, we are on- action plan. Following this is a more detailed report track in accomplishing _ on each goal and objective, which shows the these objectives based on objective,action plan as adopted by the Council,any the work programs Many of these are revisions (additions are shown in italics; date multi-year goals that changes since the last review are also shown in adopted by the Council. have activities g associated with them italics and highlighted in a separate column; and Report Card. The that go beyond the deletions are shown in strikeout) and a brief status following is a quick two-year 2003-05 summary as of February 1,2005. "report card" on the I time frame. status of major City goals Shorter reports are provided for "other Council based on the"action plans"approved by the Council objectives," and a summary chart is provided on as part of the 2003-05 Financial Plan. As a status of major Capital Improvement Plan (CII') benchmark, at February 1, 2005 we are about 80% projects• through the two-year Financial Plan period. Over Report Card: Major City Goals Long-Term Water Supply Street and Sidewalk Maintenance Los Osos Valley Road Interchange Railroad Safety Trail Therapy Pool Housing Neighborhood Wellness South Broad Street Corridor Monterey Plaza Economic Development: TOT Economic Development: Sales Tax Long Term Fiscal Health 0% 10'/0 20% 30% 40% 50% 60% 700/6 800/6 90% 100% E-1 INTRODUCTION Report Card: Other Council Objectives Laurel/OrcuttBuilock Realignment Santa Barbara Street Widening Waterways Management Plan Palm-Nipomo Parking Structure Plans Short-Range Transit Plan Airport Area Annexation Dalidio Property Annexation Auto Center Expansion Downtown Cultural Center Development 0% 100/6 20% 30% 40% 50% 60% 70% 800/6 90% 1000% ACTION PLAN CHANGES 2005, thus lengthening the timeframe for remaining project components. It now appears that construction of Phase I improvements (Calle As noted above, in general we are on-track in Joaquin)by Costco may begin in April 2005. accomplishing these objectives based on the work programs adopted by the Council. However,notable Neighborhood Wellness. A Council study session changes from the original action plans include the has been scheduled for March 1, 2005 to receive following. public input and Council direction on conceptual program alternatives for the Rental Inspection Major City Goals Ordinance. Long-Term Water Supply. With the hiring of a new South Broad Street Corridor Plan. While there are consultant, design of the user site improvements for no changes in the status of this goal from the the Water Reuse Project is now moving forward, November 2004 report, it is important to reiterate with completion expected in February 2005. that the estimated completion date for this goal was extended to August 2006 because 1) the project is Los Osos Valley Road Interchange. The late date being pursued only as resources are available, and in starting Phase A of the Project Report has caused we have yet to hear of the status of the $100,000 . the completion date to be extended to February grant application, and 2) staff workloads associated E-2 INTRODUCTION with other projects, in particular, the adoption of the NEXT REPORT Margarita Area Specific Plan,have taken priority. Economic Development. Transient Occupancy We will present the next "formal report" to the Tax. Work on the Tourism Task Force is now Council in June 2005 as part of the 2005-07 scheduled to begin in February 2005 (delayed from Financial Plan. In the interim, we will keep the November 2004). Associated work tasks have been Council up-to-date on the status of major projects adjusted to reflect this extension. Due to staff through agenda reports, Council Notes and other involvement with other aspects of the Major City briefing opportunities. Goal, exploring the use of the Veteran's Memorial Building for convention center purposes has been delayed until April 2005. Other Council_Objectives Santa Barbara Street `Videning. State funding shortfalls continue to delay funding of this project at least until 2005-06,and probably.beyond. Airport Area Annexation. Due to staff workloads associated with adoption of the Margarita Area Specific Plan, Planning Commission review of the Airport Area Specific Plan is now scheduled to begin in March 2005, with public hearings and Council review to occur in May or June 2005. E-3 MAJOR CITY GOALS LONG-TERM WATER SUPPLY Objective. Continue aggressive efforts to develop permanent, reliable water supplies to meet City General Plan needs,including all options consistent with Council policy. Action Plan Task Original Revised Water Reuse 1. Complete design of required user site modifications. 12/03 2/05 2. Complete Water Reuse Master Plan defining the logical expansion of the 11/04 Complete water reuse system and include funding for associated CIP in the 2005-07 Financial Plan. 3. Complete construction of the water reuse project backbone pipeline 12104 6/05 system,Water Reclamation Facility improvements and user site modifications. Ground Water Development 4. Issue RFP for groundwater development and treatment system feasibility 12/03 Complete analysis. 5. Select engineer and begin design. 3/04 Complete 6. Complete design,invite bids for construction and award contract 6/05 Deferred (Construction is scheduled for completion by June 2006). Conservation 7. Develop program elements and required informational and programmatic 12/03 Complete resources. 8. Develop monitoring and evaluation program 3/04 Complete 9. Fully implement landscape and non-residential program 4/04 Complete 10. Present program evaluation report to Council. 6/05 Nacimiento Pipeline 11. Present project reservation agreements and full project information to 1/04 Complete Council for consideration. Salinas Reservoir Exwnsion 12. Review options and issues with Council for consideration of possible 6/04 Complete project Status Summary: 90% Complete. With the Approval of the City's participation in the Nacimiento Pipeline Project, progress on achieving a dependable long-term water supply for the City has taken a major leap forward. This action has also resulted in the Council's reconsideration of the priority for our other water supply efforts. On June 15,2004, Council considered a revised project priority and placed Salinas Reservoir expansion in Tier 3. As such, actions relative to the Salinas Project are considered complete. Additionally, with the focus shifting to Nacimiento,the priority for development of an expanded groundwater program has been lowered to Tier 2. Phase 1 design services for an expanded groundwater were presented to Council in December and Council approved deferral of further action on groundwater development. A new consultant has been brought on board to complete the design of the user site improvements for the Water Reuse Project. Completion of design is now anticipated by the end of February 2005. Construction of the required user site improvements is still anticipated to coincide with the completion of the overall project in June 2005. E-4 MAJOR CITY GOALS STREET AND SIDEWALK MAINTENANCE Objective. Continue maintenance of streets and sidewalks at a,moderate level. Action Plan Task . Revised 1. Continue the program of monitoring the condition of existing sidewalks. Ongoing 2. Continue to repair damaged sidewalks,'curbs and gutters using City staff. Ongoing 3. Continue implementation of the 1998 Pavement Management Plan for Ongoing Areas 7 and 8. 4. Pursue State grant funding for pavement projects. Ongoing 5. Continue to retrofit existing curbs for disabled access using CDBG finds. Annually in Spring 05 Fall 6. Continue contracts of$60,000 per year to repair damaged sidewalks in Annually in Complete Area 7. Spring 7. Establish permit guidelines to expedite sidewalk repairs by private 12/03 Complete property owners. Status Summary: 65% Complete. All work is ongoing and on schedule: Area 8 inventory is complete; Area 7 paving is complete;2004-05 paving is to occur as planned in Spring 2005;Community Development Block Grant funded ramps for the disabled for Area 8 were designed this past Fall, with actual construction set for Spring 2005. E-5 MAJOR CITY ,GOALS LOS OSOS VALLEY ROAD INTERCHANGE Objective. Continue working towards improvements at the Los Osos Valley Road/Highway 101 interchange. Action Plan Task Original 1. Obtain CalTrans approval of the PSR-PDS. 7/03 Complete 2. Finalize plans for Phase 1 improvement/mitigation strategies not requiring 7/03Complete Cal Trans approval(non-interchange improvements), such as relocation of Calle Joaquin. 3. Prepare Request for Proposal for the CEQA Environmental Impact Report 9/03 Complete (EIR),NEPA Environmental Impact Statement(EIS)and Project Report. 4. Pursue Advance Development Funding for the EIR/EIS,Project Report 9/03 Complete and PS&E. 5. hire consultant and begin preparing.Initial Study,EI /EIS and Project 12/03 Complete Report. 6. Complete design of Phase 1 (Calle Joaquin Realignment)improvements 3/04 Complete and invite construction bids. 7. Review Initial Study and determine if EWEIS is necessary 2/05 8. Complete Phase A of Project Report process to narrow possible designs 10/04 2/05 and speed environmental documentation for the project. 9. Begin EIR/EIS 3/05 10. Complete Draft Project.Report. 5/04 10/05 11. Complete Administrative Draft EIR/EIS. 6/04 9/05 12. Complete negotiations for CalTrans cooperative agreement. 6/04 9/05 13. Award contract and begin construction of Phase 1 improvements. 7/04 Spring 05 14. Complete construction of Phase 1 improvements. 6/05 1/06 Status Summary: 35% Complete. Phase 1 improvements are 100% designed, and Costco has invited construction bids. It is still pending formal Army Corps of Engineering permitting and acquisition of all needed property. Depending on Army Corps permit requirements,Calle Joaquin Realignment may be delayed due to wet season building restrictions, however, it is likely construction may begin in April 2005. The Council approved splitting the Project Report into two phases (A & B) to speed the overall project schedule and save expenses. Although the Project Development Team has met and begun work on Phase A of the Project Report, which now includes both conceptual geometry and environmental documentation, the late date in starting has caused the completion date to be extended to February 2005. Staff and the project consultant have reduced the project alternatives from seven to two.A draft Initial Study(IS)has been completed and submitted to the City for review and processing (November 2004). Staff is reviewing the IS to determine what level of environmental review is necessary. It is likely that an EUMS will be required,causing the planning and environmental stage to lengthen in time. Based upon projected dates it is anticipated that the EIR/EIS process should start in March 2005 and will take a minimum of six months to complete. Processing of the EIIt/EIS through Caltrans may take as much as 12- 24 months depending on the complexity of issues that are reviewed STIP funding has been significantly delayed due to State budget issues. It is doubtful that-additional construction funding for the project beyond Phase 1 will be available in FY 2005-07. E-6 MAJOR CITY GOALS BIKEWAY IMPROVEMENTS: RAILROAD SAFETY TRAIL Objective. Acquire right-of-way and property for extension of the Railroad Safety Trail from the Jennifer Street Bridge to Cal Poly. Action Plan OriginalTask 1. Secure Union Pacific support for the final schematic design of the bike 9/03 Complete path between the AMTRAK passenger depot and Foothill Boulevard. 2. Secure rights of entry permits from UP,complete land survey and prepare 2/04 3/05 a legal description of the area proposed for acquisition. 3. Complete negotiations and execute a contract of sale with UP to acquire 4/05 6/05 the property. Status Summary: 15% Complete. Staff received feedback from UPRR staff that a positive recommendation for alignment could be made to the UPRR Board of Directors with minor revisions to the plans. Some progress has been.made: two levels of approvals have been received within UPRR and a final approval is pending. Once the final approval is received, staff will begin negotiations on UPRR license agreement, property description and liability issues. These delays have pushed back all remaining completion dates for key milestones. E-7 MAJOR CITY GOALS THERAPY POOL Objective. Pursue development of a warm water therapy pool at the Swim Center through a financing program for its construction and on-going operation that does not use general-purpose revenues. Action Plan Task • 1. Receive funding approval from the State. 1/04 Complete 2. Select a consultant 3/04 Complete 3. Begin study and environmental review. 3/04 Complete 4. Complete study and environmental review and begin design. 9/04 Complete 5. Complete design;invite construction bids and award contract. 4/05 6. Begin construction. 6/05 Status Summary: 85% Complete. The State has approved its funding and the grant will be managed by Public Works. At this point, staff will be proceeding under the assumption that the State grant will be the only source of outside funding. A contract for the design work was entered into in July 2004, a draft study of options was completed in November and comments returned to the designers. Project scope is now finalized and design work has begun with completion expected by April. The expanded pool idea is no longer an option, as a combination therapy pool-swim club workout pool has been deemed incompatible. E-8 ' MAJOR CITY GOALS HOUSING Objective. Adopt a Housing Element that expands housing opportunities for very low, low and.moderate income households,preserves and enhances residential neighborhoods and complies with state laws including CEQA; and encourage and support Cal Poly's efforts to provide more on-campus housing consistent with their adopted master plan for housing and enrollment. Action Plan Task Original . 1. Implement existing affordable housing incentive and inclusionary housing Ongoing Programs. 2. Encourage the Chamber of Commerce to'implement programs that achieve Ongoing their goals for producing workforce housing. 3. Continue working closely with the County-wide Housing Trust Fund. Ongoing 4. Continue working closely with Cal Poly in encouraging and supporting Ongoing their efforts to provide more on-campus housing consistent with their adopted master plan. 5. Coordinate preparation and administration of annual Community Annual Development Block Grant program. Cycle 6.. Update the General Plan-Housing Mement 12/03 Complete a. Complete background analyses and documentation. " b. Identify issues through Housing Element Task Force. " c. Draft policies and programs. " d. Begin preparing EIFL " e. Hold town hall meeting. " L Hold Planning Commission study session. " g. Hold Council study session. " h. Complete environmental review. i. Submit draft for State Housing and Community Development(HCD) " review. " j. Hold Planning Commission public hearings. " k. Hold Council public hearings and adopt update. " 1. Submit for final HCD certification. Complete m. Begin implementation. Ongoing Status Summary: 85% Complete. Most of these tasks are ongoing and are moving forward as predicted. The Housing Element Update was adopted on March 30,2004. Staff submitted the Element to HCD,and certification was granted in December 2004. The City's Housing Programs Manager will continue to take the lead in implementing the Housing Element programs as well as providing guidance on new approaches to addressing pressing housing issues. With the initial five programs approved by the Council in October 2004,implementation will be an on-going process. E-9 MAJOR • NEIGHBORHOOD WELLNESS Objective. Improve neighborhoods and neighborhood involvement by continuing to implement the neighborhood wellness program, including consideration of a rental inspection ordinance. Action Plan Task Original Revised 1. Maintain and support all existing neighborhood wellness programs Ongoing currently in place. 2. Continue encouraging formation and involvement of new voluntary Ongoing neighborhood groups by use of the Neighborhood Managers Coffee program,WIN,Neighborhood Services Team,Neighborhood Planner and similar outreach strategies. 3. Continue involving residents early in the public review of proposed Ongoing projects by a more defined Neighborhood Planner program in Community Development,including expanding the Neighborhood Planner duties to include two-year terms,an annual neighborhood issues conference and attendance at City neighborhood meetings and coffees. 4. Continue contract.Building Inspector position to support continued high 7/03 Complete levels of building applications and allow the continuation of a full-time Code Enforcement Officer. 5. Evaluate a cost recovery program for code enforcement efforts as a 12/03 Complete strategy to reduce and deter repeat offenders while generating increased revenues,and present findings and recommendations to the Council. 6. Research a Rental Inspection Ordinance in an effort to provide a safer 9/04 3/05 housing environment for renters and present findings and recommendations to the Council. Status Summary: 80% Complete. Staff,working with Cal Poly and Cuesta College established a collaborative, cost effective Community Solutions Program that is available to residents and students living in the City to resolve conflicts and community challenges. Known as "SLO Solutions", the program was launched with a media campaign September 23,2004. The preliminary background research for the Rental Inspection Ordinance is complete with Community Development, Police and Fine staff currently meeting to review and finalize conceptual program alternatives. A study session will be held at the March 1, 2005 City Council meeting to present alternatives to the Council for discussion and direction. E-10 MAJOR CITY GOALS SOUTH BROAD STREET CORRIDOR PLAN Objective. Adopt General Plan and zoning amendments to create a mixed-use residential neighborhood along the South Broad Street corridor from South Street to Orcutt Road and seek grant funding to implement the Land Use Element special design area program and create a neighborhood concept plan for the area Action Plan Task Original . 1. Identify housing targets as part of the adopted Housing Element update. 12/03 Complete 2. Hold community meetinglissue identification meeting to develop a schematic 5/04 Complete concept plan. 3. Develop work program for concept pIan/General Plan amendment/rezoning. 3/04 3/05 4. Hold additional community meeting to discuss concept plan. 11/04 5/05-8/05 5. Council initiation of concept plan/General Plan amendment/rezoning program 9/04 9/05 6. Prepare concept plan&environmental review. 1/05 10/05-1/06 7. Concept plan review at Planning Commission. 8/04 1/06 8. Concept plan approval at Council. 6/05 3/06 9. Prepare Fiscal Impact Analysis. 7/05 4/06 10. Hold Planning Commission hearings on GPA and rezoning. 3/05 6/06 11. Hold Council heating and adopt General Plan amendment/rezoning. 6/05 8/06 12. Continue to seek grant funding for preparation of a neighborhood concept plan. Ongoing Ongoing Status Summary: 5% Complete. The March 2004 updated Housing Element includes direction to intensify housing in this and similar areas. In addition, Land Use Element Policy 8.3 directs that the City prepare design guidelines and implementation programs for the renovation of streetscapes, landscaping and building facades along Broad. Street from High Street to Orcutt Road. With grant funding, a two-day neighborhood outreach "charrette" was held in May 2004 (step 2) and provided input on how the Broad Street right-of-way could be improved. Recommendations addressed traffic and streetscape improvements. The charrettes did not substantively address the Housing Element objective to intensify housing in the area between Broad Street and the railroad tracks. In October 2004, the City applied for another grant ($100,000) to support additional charrettes that would lead to the preparation of a concept plan addressing both General Plan objectives. If grant funds do not become available, the concept plan will be completed using City resources. This will extend the original estimated completion date for this goal. An alternative is to focus on amending the land use to allow residential mixed use and to prepare a plan for streetscape and traffic improvements separately. This approach is not recommended because land use and streetscape improvements are interrelated. No additional City funding, however,is requested at this time because it is still unknown whether grant funds will be available,and if they are not,an entirely different planning approach will be needed(with greatly reduced costs). E-11 MAJOR CITY GOALS DOWNTOWN IMPROVEMENTS: MONTEREY PLAZA Objective. Pursue the creation of a"Monterey Plaza"for civic gatherings and passive recreation,dependent upon the start-up of the Copeland's Court Street retail-commercial and the Palm-Morro parking projects. Action Plan Original Revised 1. Consultant completes concept plan. 7/03 Complete 2. Council reviews concept plan and forwards it for advisory body review. 9/03 Complete 3. After advisory body and public review, Council identifies preferred design 7/04 Complete concept(s)and establishes the scope of technical and environmental studies(such as circulation,access,utility and drainage analysis,and project phasing)for additional study. 6AU Status Summary: 100% Complete. The consultant provided the City with final drawings that the staff forwarded to the advisory bodies and Council. Although the revised drawings were not quite what staff had requested for a complete submittal to the Council, with additional work by staff they were adequate to proceed to conceptual review. Council.reviewed the concept plan on November 4, 2004 and completed the preliminary phase of the project by approving the concept plan. Based on Council direction at that time, any decision to funding further technical and environmental studies will be made as part of the 2005-07 Financial Plan. E-12 MAJOR CITY GOALS ECONOMIC DEVELOPMENT: TRANSIENT OCCUPANCY TAX Objective. Encourage and promote projects that will increase lodging and conference facilities in order to generate additional Transient Occupancy Tax revenues. Action Plan OriginalTask 1. Refocus existing resources toward Direct Advertisement of the City. Ongoing Complete Develop s focused advertising and PR campaign for the City that establishes a stronger identity for the City as a tourist destination with a wide variety of activities to undertake during a stay. 2. Work with various organizations for tourist promotional purposes Ongoing benefiting both the City and the organizations. 3. Work with property owners and real estate brokers to explore increasing Ongoing Bed and Breakfast opportunities,consistent with City land use and zoning policies. 4. Complete assessment of local lodging industry conditions by identifying 9/03 Complete all such properties in the City;identifying all property owners and their managers;and identifying future expansion locations for tourist serving businesses. 5. Assess transportation opportunities for visitors and if necessary make 9/03 Complete service improvements. Strongly consider extending trolley service to the Monterey Street Hotel Area. 6. Present recommendations for improved tourism transportation and trolley 12103 Complete service to Council for approval. 7. Establish a Task Force of local tourism experts'to develop a transient 7/03 2/05 occupancy tax enhancement strategy. a Explore ways to coordinate efforts amongst property owners and 1/04 6/05 ways to cooperatively book rooms to prevent business losses to other communities. Explore ways to increase midweek business travel. b. Present Tourism Task Force recommendations to Council. 3/04 6/05 8. Update advertising conversion study completed approximately four years 6/04 Complete ago- E-13 MAJOR CITY GOALS Task Priginal Revised 9. Explore reuse of large properties on Monterey Street,including sites 6/04 Complete occupied currently by auto dealers(some of whom are expected to relocate). 10. Explore possibility of using the Veterans Memorial Building for 9/04 410S convention center purposes,work closely with the Veterans and the County in this effort. 11. Upon construction,encourage the Dalidio Project hotel.to work with the 1/05 Pending Embassy Suites and develop a coordinated effort to use rooms to support referendum existing conference services at the Embassy Suites. Status Summary: 80% Complete. Council's adoption in July 2003 of a Tourism Marketing Plan established six objectives for the City's community promotions. The February 2004 approval of the community promotion brand, "San Luis Obispo, Experience the SLO Life" has resulted in staff and the City's promotions contractors implementing a focused.advertising and public relations campaign. A market research study was completed in November. The research results are being incorporated by the City's promotions contractors to further refine the focus of the City's community promotions. Work on other Tourism Marketing Plan objectives continues, with many strategic alliances strengthened. For the fist time ever, the City has a full page ad running in the 2005 California State Visitors Guide with cooperative funding from several local lodging properties. The City's promotions contractors are attending both a consumer travel trade show and a travel writers conference this winter in an effort to target new customers and increase public relations coverage. New marketing efforts continue with the SLO Vintners and Growers Association events and the upcoming Trout About Downtown art event. Construction continues on a bed & breakfast on Santa Barbara Street. Staff continues to work with hotel developers on several projects,including the Motel Inn remodel and expansion of two Calle Joaquin hotel projects now in for development review. A report on the assessment of the local lodging industry is forthcoming. Staff has also worked with many interested parties inquiring about locations for hotel development in the downtown. Trolley service to the upper Monterey Street area hotels continues to receive positive feedback. All local hotels and strategic alliance partners were invited to a recent tourism luncheon coordinated by Barnett, Cox and Associates to continue to provide information and opportunities to their industry. Work on the Tourism Task Force begins with an ad hoc task force meeting in February 2005. E-14 MAJOR CITY GOALS ECONOMIC DEVELOPMENT: SALES TAX Objective. Encourage and promote retail projects that will increase sales tax revenues. Action Plan Task • . 1. Identify retail types that would complement and augment existing market Ongoing conditions. Develop a retail recruitment strategy to encourage new retailers to locate.in San Luis Obispo on properties-zoned for this purpose. Use direct mail and attendance at industry events to support recruitment strategy. Hold quarterly meetings with local real estate brokers and property owners. 2. Continue to contract with HmderliterdeLlamas(HdL)for sales tax Ongoing Complete analysis services to analyze market conditions. thru 3rd Quarter 3. Continue to conduct demographic research and information gathering Ongoing Complete about the City,its residents,its visitors and the region to provide to individuals,businesses,real estate professionals and others in analyzing San Luis Obispo for their business purposes. Continue to use the UCSB Economic Forecast Project as a data source. 4. Continue to facilitate and coordinate City involvement in major Ongoing development projects as directed by the Council. • In particular,continue to facilitate the Copelands Project toward Complete construction. • Continue involvement in the proposed San Luis Marketplace Project. Complete through negotiations,Development Review,EIR,Annexation and Pre- zoning and Agreements for Sales Tax Reimbursement. • Continue involvement in the Airport Area Specific Plan and Ongoing Annexation. 5. Continue to conduct"economic gardening"in the retail industry through Ongoing existing customer service oriented programs like the Quick Response Team,the Economic Development Program's involvement in major development projects,the Economic Development Program's high level of customer service to individuals,businesses and real estate professionals. 6. Continue to support the Downtown Strategic Plan. Focus support on Ongoing efforts that maintain the retail health of Downtown and increase customer sales in a sustainable way. 7. Explore training opportunities,with local agencies like Cuesta College Ongoing Complete Institute for Professional Development,Private Industry Council,Small Business.Development Center and others to assist local retailers in improving their marketing efforts and their"E"Business presence.. 8. Promote shopping as an activity for visitors to San Luis Obispo. Ongoing E-15 MAJOR • Jask Original Revised 9. Continue to work with auto dealers in the City. When possible,pursue the Ongoing expansion of the Auto Park Way area. Consider broadening the program of incentives to auto dealers who relocate out of downtown to Auto Park Way to include those who relocate out of downtown to other acceptable sites in the City. Continue to assist Stanley Motors in its efforts to relocate to a larger,new facility. Work closely with remaining Downtown auto dealers to find new locations that are more functional. Explore the reuse of Downtown auto dealer locations for other retail purposes. If space is available,encourage new car lines to locate in San Luis Obispo. 10. Advocate for legislation to extend sales tax to include Intemet.sales. Ongoing 11. Conduct an assessment of current retail conditions by surveying existing 9/03 Complete retail centers,identifying the types of retail business located in existing centers,identifying retail center property owners or representatives. 12. Develop a"Shop Locally"marketing and PR campaign to encourage 11/03 Complete residents to purchase goods in the City. Focus on branding San Luis Obispo as the shopping destination for the region. Work with the Chamber of Commerce,Downtown Association and others to coordinate efforts and message about shopping in San Luis Obispo. 13. Explore the potential annexation of the McBride Property and Gap 2/04 Ongoing Property if the Dalidio Property is annexed. 14. Work with each retail area in the City to define itself and develop,when 9/04 Ongoing possible,niche-marketing efforts. Work closely with property owner and businesses in each.area Status Summary: 80% Complete. Staff continues to work on a strategy for further enhancing the retail sector, which will include a competitive assessment and discussion of market opportunities. Work with the City's sales tax advisor (Hinderliter d - .lamas) continues, as does involvement with the UCSB Economic Forecast Project. The Copelands Project is under construction and on time to open in late Spring 2005. Staff has provided Costco with continual assistance during the processing of its building permit and other agency permits and in negotiating a reimbursement agreement with them. Construction on Costco is expected to commence in early Spring 2005. Involvement in major development projects continues including: the Airport Area Specific Plan, the anticipated Chinatown Project and the development of Madonna Family properties on Los Osos Valley Road for retail uses. Action by LAFCO on the Dalidio property annexation is on hold at the request of the applicant pending the outcome of the three referendums. Staff has provided high levels of customer service,with particular attention to Quick Response Team Meetings,to professionals seeking office space(health care professionals in particular), to several automobile dealerships, and to many locally owned small businesses in the downtown and neighborhood and regional commercial centers. Work with Cole Motors is complete(they opened for business at their new location)and work with Smith Volvo continues on their relocation to Broad Street. Staff has worked with a potential developer of the McBride Property. A Shop Locally program was begun during the holiday shopping season. It received a great deal of media coverage and numerous businesses now display the stickers to remind community members of the campaign. The Seismic Coordinator has continued outreach to the tenants of URM buildings in the Downtown to access their needs during the retrofit process. Significant work by the Seismic Coordinator has been undertaken on a Federal grant opportunity. An Economic Recovery Plan for local businesses in the event of a disaster is in the process of being developed. E-16 MAJOR CITY GOALS LONG-TERM FISCAL HEALTH Objective. Develop a comprehensive strategy for preserving essential services, adequately maintaining existing facilities and infrastructure, and protecting the City's fiscal health. Action Plan OriginalTask 1. Organizational Productivity. Continue organizational vitality program Ongoing in improving productivity and customer service. 2. Fiscal Independence. Support AB 1412(Wolk), which would allow local Ongoing Complete voters to approve an increase of 0.25%or 0.5%in the local sales tax rate without special legislation. 3. Legislative Advocacy. Continue working closely with our employee Ongoing associations,the League of California Cities,other local governments, professional associations and other groups to prevent further State raids on city revenue sources. 4. Review and Monitor the City's Fiscal Condition. Continue to Ongoing effectively review and monitor the City's fiscal condition on an ongoing and timely basis,including on-line access to financial data,quarterly newsletters,focused reporting on key revenues,mid-year budget reviews and preparation of annual financial reports(CAFR)in accordance with generally accepted accounting principles and nationally recognized excellence in financial reporting guidelines. 5. Analyze Feasibility of Revenue Ballot Measure in 2004. Use professional assistance in analyzing the feasibility of a revenue ballot measure in March or November 2004: a. Enter into an agreement with The Lew Edwards Group. 7/03 Complete b. Complete the feasibility analysis and present the results to the Council 11/03 Complete for a"go/no-go"decision in taking the next step in preparing for a revenue measure in 2004. Status Summary: 90% Complete. The following highlights the status of key milestones. Legislative Advocacy. Staff worked closely with the Regional Coordinator for the League of California Cities to develop and implement a legislative response strategy for dealing with State takeaways, which resulted in the passage of Proposition 1A in the November 2004 election. Review and Monitor the City's Fiscal Condition. In addition to ongoing financial reports, we presented the Council with a formal "first quarter review" of the City's financial condition on November 4, 2003. On January 6, 2004, we presented the Comprehensive Annual Financial Report for 2002-03 to the Council;and presented the Mid-Year Budget Review to the Council on February 17, 2004. For the 2004-05 Financial Plan.Supplement, we presented comprehensive tate reviews and multi-year forecasts for the enterprise finds to the Council on June 1, 2004; and the Preliminary Budget to the Council on June 15, 2004. We have also continued to issue quarterly financial newslettus—including an interim report on General Fund financial results for 2003-04 in August 2004—as well as ongoing focused reports on sales tax revenues,TOT revenues, and cash and investments. Most E-17. MAJOR • recently, on December 14, 2004 we presented the Comprehensive Annual Financial Report for 2003-04 to the Council as well as the results of the General Fund five-year fiscal forecast for 2005-10. Lastly, the Mid-Year Budget Review is scheduled for Council consideration on February 15, 2005. Analyze FeasibUity of Revenue Ballot Measure in 2004. On November_4, 2003, we presented the Council with the results of the revenue ballot measure feasibility assessment. The Council concurred with the report recommendation not to go forward with a measure at this time,but to return to the Council at a later date with an analysis of the feasibility of forming an assessment district or adoption of property-related fees to assist with funding storm drainage maintenance and improvements in conjunction with the Storm Drainage Master Plan. E-18 OTHER • OBJECTIVES Laurel Iane/OrcutllBullock Realignment per the Conceptual Physical Plan for the City's Center. Objective. Complete the realignment of Laurel Lane/OrcuttBullock Streets. Status Summary: 35% Complete. A Council study session was held to reduce the number of Status Summary: 10% Complete. Due to state project alternatives. A second design contract has funding shortfalls, design of this project remains on been negotiated to prepare final conceptual layouts hold. We have taken the opportunity to obtain the for return to Council in July 2005. parcel which will improve the alignment of Bullock and Laurel lanes, and a new alignment will be Short-Range Transit Plan developed and design completed. When State or alternate funding is available, staff will request Objective. Implement the Short-Range Transit UPRR to complete the crossing work and bid the Plan. project Status Summary: 85% Complete. The new bus Santa Barbara Street Widening schedule and stops were implemented in January 2004. Ridership is increasing along modified routes. Objective. Complete the existing widening project The second year implementation is underway, for Santa Barbara Street from Highway 227/Broad including bus stop improvements and installation of Street to Roundhouse. schedule holders,subject to FTA grant acquisition. Status Summary: 0% Complete. State funding Airport Area Annexation shortfalls have delayed funding of this project at least until 2005-06. Objective. Annex the Airport Area. Waterways Management Plan Status Summary: 80% Complete. Public Implementation Program hearings and specific plan adoption are necessary before the airport area can be annexed to the City. Objective. Upon completion of the Waterways Planning Commission hearings on the AASP are Management Plan, adopt an implementation scheduled to begin in March 2005, with public program. hearings and Council review to occur in May or June 2005. The Margarita Area Specific Plan has been Status Summary: 60% Complete. The Council adopted and the EIR for both specific plans was has adopted the Plan. The design element has been certified by the Council in October 2004. implemented; the storm water quality program has Annexation process of the Margarita area began in been implemented; the stream maintenance January 2005. guidelines were partially implemented last fall and will be fully implemented by next fall; Da&U Property Annexation implementation of creek and flood protection projects will depend on significant funding that is Objective. Annex the Dalidio property. simply not available and therefore it is not anticipated that any of this program will be Status Summary: 90% Complete. Applications implemented. The Army Corps of Engineers is have been made to annex the Dalidio property into currently working on the NEPA clearance for the the City and develop the site with a retail power Plan. The Zone 9 advisory committee is discussing center known as the San Luis Marketplace. The what work is needed to begin studies for flood property will accommodate the development of a protection projects. hotel, business park, affordable housing, access and freeway infrastructure, and on and off-site open Palm-Nipomo Parking Structure Plans space. The annexation, prezoning, and development applications were approved and the Final Objective. Complete an environmental assessment, Environmental Impact Report (EIR) certified by the preliminary studies and evaluation of options for a City Council on July 7, 2004. The Council new parking structure at Palm and Nipomo Streets subsequently approved a Development Agreement E-19 OTHER COUN�CIL OBJECTIVES with the project applicant on August 3'd, 2004. Downtown Improvements: Annexation of the property into the City, which will Cultural Center Development fully complete this objective, will require approval by the Local Agency Formation Commission Objective. Encourage development of a Cultural (LAFCO). Action by LAFCO is on hold at the Center (such as the Art Center, Mission Museum, applicant's request pending the outcome of three Historical Museum, Little Theater and Children's referendums that have been filed by citizens on the Museum) in the Mission Plaza extension area as Council's project approvals. illustrated in the Conceptual Physical Plan for the City's Center, and support this effort through the Auto Center Expansion existing Partnership Policy where possible. Objective. Continue to explore the possibility of Status Summary: 50% Complete. Staff continues expanding Auto Center sites via annexation of the to work with the Community Partners in terms of "McBride"and"Gap"properties. expansion and renovation of facilities, Grants-in-Aid funding and general liaison support. In October of Status Summary: 75% Complete. Conversations 2004, City Council approved a new parking in-lieu with the property owners continue. An application fee category for Community Partners to encourage is on file for the annexation and development of the development of new facilities. The Children's "McBride" property for automotive and motorcycle Museum demolished their old building and has sales uses. Staff has been working very closely with received building permits to begin their new facility. the Madonna family as they master plan the The Art Center's plans for their new facility are development of their holdings on Los Osos Valley currently undergoing ARC review. Both Road,including the"Gap"property. organizations are actively involved in capital fund raising campaigns. E-20 status of MAJOR cIp pizoj Ects j 2004-05: Third Quarter As of February 1,2005 Percent Complete 01/6 10% 20% 30% 400/6 50% 60% 70% 80% 90% 100% dismansix Water Reuse 2003-05 Paving Program Foothill Bridge Replacement Bill Roalman Bicycle Boulevard: Phase 1 Palm-Morro Parking Structure/Offices Damon-Garcia Athletic Fields Ludwick Center Remodel Energy Conservation Projects • - DESIGN Water Facilities Master Plan Projects Tank Farm Sewer&Lift Station Laurel Lane/Orcutt/Bullock Realignment Santa Barbara Street Widening Therapy Pool 8 Chorro Park Athletic Fields Radio System Upgrade MENS..amb UNDER Groundwater Development Wastewater Facilities Master Plan Projects Higuera Street Widening LOVR Interchange Railroad Trail:Jennifer Bridge to Cal Poly Palm-Nipomo Garage Public Safety Dispatch Upgrade E-21