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HomeMy WebLinkAbout07/00/1989, 1 - ADOPTION OF THE 1989-91 FINANCIAL PLAN AND 1989-90 BUDGET MEETING DATE: City of San lues OBISpo July 24, 1989 ITEM NUMBER: COUNCIL AGENDA REPORT FROM: William C. Statler, Director of FinanceW24P� SUBJECT: ADOPTION OF THE 1989-91 FINANCIAL PLAN AND 1989-90 BUDGET CAO RECOMMENDATION Adopt the attached resolution approving the 1989-91 Financial Plan and appropriating funds for the 1989-90 Fiscal Year.. OVERVIEW Since January 9, 1989, the proposed 1989-91 Financial Plan and 1989-90 Budget has been reviewed with the City Council at fourteen study sessions and public hearings. Based on the comments from the Council, public, and staff during these meetings, the proposed 1989-91 Financial Plan and the 1989-90 Budget is being submitted for City Council approval at this time. The proposed 1989-91 Financial Plan and 1989-90 Budget has been revised to reflect City Council direction and the cost of the Council Work Program. To assist in the Council's review of the revised Financial Plan, the enclosed Preliminary Budget Supplement has been prepared which provides the Council Work Program in its final form, Budget Graphics and Summaries, and supplemental financial summaries for the operating programs and capital improvement plan. This supplement can be used in conjunction with the other major budget documents presented to the Council during the financial plan process: • Draft Council Work Program • Preliminary 1989-91 Financial Plan and 1989-90 Budget • CAO Recommended Significant Expenditure and Staffing Changes and Capital Improvement Plan Projects • 1989-91 Financial Plan Preparation Guidelines and Supporting Documentation (Work Papers) BUDGET HIGHLIGHTS In considering adoption of the proposed 1989-91 Financial Plan, it is appropriate to ask ourselves: what are we providing to our citizens through this budget? In answering this question, the proposed financial plan represents a balance between planning for the future and delivering tangible services to our citizens today. As shaped during the Council Work Program process, the proposed budget includes financial support for a number of future planning efforts, most notably the General Plan Update. At the same time, the financial plan provides for the delivery of an excellent program of municipal services, which reflects the emphasis of the Council Work Program: downtown planning; neighborhood preservation; environmental concerns; and recreational opportunities. The financial plan provides augmented funding in meeting our basic infrastructure maintenance needs (increased chipsealing, overlay, and tree trimming) while also addressing "quality of life" issues such as alternative transportation needs (pilot downtown shuttle program and bikeway improvements), hazardous waste storage and disposal, downtown beautification, open space and parkland acquisition, and playground improvements. /� / city of San Luis OBIspo GiS COUNCIL AGENDA REPORT COUNCIL WORK PROGRAM The 1989-91 Financial Plan reflects the full integration of the Council Work Program into the budgetary process. Based on Council discussions at their June 27, 1989 meeting, the impact of the work program on the Financial Plan and Budget is summarized in Attachments A and B of this staff report. As reflected in the work program objectives, time frames rather than dates have generally been provided for the accomplishment of key milestones. Using the prioritization of objectives developed at the June 27, 1989 meeting, a defined time schedule will be prepared for each objective for tracking purposes. Further, each objective will be incorporated into the Operating Program and Capital Improvement Plan sections of the final Financial Plan document, and the Council Work Program will be included in its entirety. As an integral component of the financial plan, the status of each work program objective will be included in the Quarterly Goals and Objectives Reporting System. FINANCIAL CONDITION With the notable exception of the City's wastewater operation, the proposed 1989-91 Financial Plan can be implemented without requiring any rate or tax increases during the two year financial plan period. However, as noted in the Budget Message included in the Preliminary 1989-91 Financial Plan, significant challenges will face the City over the next ten years in achieving its capital improvement goals while maintaining operating program levels. Fortunately, the City's committment to long-term financial planning has provided us with the time and opportunity to address and resolve any potential financial problems before, rather than after, they occur. REVIEW PROCESS From January 1989 to the present, the Council has met at fourteen study sessions and public hearings to discuss and consider the 1989-91 Financial Plan. During this extensive review process, the Council has considered: • Key budget policies to be used in the preparation and execution of the financial plan. • Goals and priorities of the City as identified in the Council Work Program, Management Team Objectives, and operating program objectives. • Significant operating program and staffing changes • Capital improvement plan projects • Current and long-term financial condition All aspects of the Financial Plan have been subject to revisions throughout the budgetary process. Significant operating program changes and capital improvement plan (CIP) projects were initially presented to Council at their May 25, 1989 meeting. In response to Council discussion and public input at following meetings, the CIP was significantly revised in order to: • Bring expenditures over the next two years into better alignment with current resources �I��������i�illlili�l►►►�u�I��U��l city of San tins OBISpo MiGn COUNCIL AGENDA REPORT • Respond to Council comments on specific projects during their review of the CIP • Recognize more realistic time frames The changes from this review were incorporated into the Preliminary 1989-91 Financial Plan presented to the Council at their June 26, 1989 meeting. The accompanying Preliminary Budget Supplement reflects the most recent refinements to the 1989-91 Financial Plan by fully incorporating the Council Work Program. i SUMMARY It is recommended that the City Council adopt the attached resolution approving the 1989-91 Financial Plan and appropriating funds for the 1989-90 Fiscal Year. Upon adoption of this resolution, the final 1989-91 Financial Plan and Approved 1989-90 Budget document will be prepared incorporating any changes from the Preliminary Financial Plan and accompanying Supplement. As noted previously, the Council Work Program will be incorporated into the final document in its entirety, and the Operating Programs and Capital Improvement Plan sections modified as appropriate. APPROVALS: ' C City Adm1pistrative Officer City Attorney I Staff Report/CAADOPTFPSUD ATTACHMENT A COUNCIL WORK PROGRAM COST SUMMARY -- -- �.; 1989-90 1990-91 / --------------------------- --------------------------- OPERATING CAPITAL OPERATING CAPITAL ------------------------------------------------------------------------------------------------------------ A. DOWNTOWN PLANNING 1 Concept Physical Plan for Downtown 30,000 2 Purchase/Reuse the Fremont Theater 1,450,000 3 Sidewalk Reconstruction 200,000 200,000 4 Downtown Beautification a. Construction 150,000 150,000 b. Reduce Regulatory Impediments 5 Noise Amplification 6 Downtown Shuttle 90,000 B. NEIGHBORHOOD PRESERVATION 1 Greek Row 30,000 2 Enhanced Historical Preservation 100,000 100,000 3 Neighborhood Traffic Management 4,000 70,000 100,000 4 Rental Residential Regulations 20,000 5 Private Property Maintenance 20,000 6 Density Calculations 7 Office Conversions 5,000 C. ENVIRONMENTAL CONCERNS 1 Enhanced Coordination 5,000 50,000 2 Bikeway Improvements 200,000 * 200,000 ' r" 3 Bus Stop Improvements 5,300 _ 4 Vehicle Emmissions Control 5 Build-out Projections 6 Freeway Signing 50,000 7 Hazardous Waste Inventory 35,000 25,000 8 Art-in-Public Places 53,500 5,000 9 firefighter Monument 80,000 10 Recycling Enhancements 25,000 25,000 100,000 * D. RECREATIONAL OPPORTUNITIES 1 Playground Improvements 107,000 * 63,000 * 2 Senior/Community Center 50,000 * 3 Open Space/Parkland Acquisition 300,000 * 50,000 ' 300,000 * 4 Laguna Lake Master Plan 50,000 E. OTHER 1 PC and ARC Compensation Review 2 Use of Water Utility Users Tax 3 Low and Moderate Intone Housing 4 Council/Community Fund Raising -------------------------------------------------------------- TOTAL 382,800 0 2,707,000 0 0 295,000 0 1,113,000 -------------------------------------------------------------- LESS COSTS INCLUDED IN THE PRELIMINARY BUDGET (5,300) (2,107,000) (50,000) (663,000) TOTAL CHANGE $377,500 $O $600,000 $O $O 4245,000 $O 8450,000 ----------------------------------------------------------- * Included in the Preliminary Financial Plan /revised Capital Improvement Plan /aj� ATTACHMENT S d 0 0 0 0 0 0 O I 0 0 0 00 00 00 OO0 VO� I m ; MN 1 M O O d v N m m AN M N N •O M •O m V N' M N �} N N �O N ; W I O I p v O o O O I O O O O ' ; L C O 0 0 0 O I O ' yE I � M = a L m l 0 0 0 0 0 0 0 l o 0 0 0 0 0 o ; d aaai o v •m � In In � r o 0 0 0 0 o I o ; M at; ' ; IH O P O O I V r E m _ � , I � •d ; m IT N M N lr ; N I W I I I ; ; ; ; ; ; ; I ; •� Y 0 0 0 0 0 0 0 ; 0 0 0 0 0 0 0 ; d 0 0 0 0 0 0 0 l 0 0 0 0 0 0 0 N Of M N M m 0 ^ M M P GP O O .t m O M �T O m .t N M N N N M M N I W Y O O O O O O O O O I L C O O 1fl O O M 0 0 O �t� P o O m O E I Vf O M M P tl1 ^ MM fnM J I J I L d O O OO O O O O O O O O O O Q 7 Of M N M N C . , . ; . ; P m M M 0 0 r N t/t yI/1� N m 0 ^ Y1 I a 111 M N 1� I r P .t .! m M Z d m W ; ; L N I M M I d N M Y I a r I z J W W d d x u u L L o m d N N N _ _ V m m Z (� S O O S. ' � >� M O Y >' L S >• Y O Y > L ggp pt'.. Y .^ d d W Y .• d d m U O 0 > 0 d Y 7 0 > W I O w •^ O W •^ d U O � I p'. m Y Y � U• K m Y Y �. (J Q I G 7 7 L RESOLUTION NO. (1989 Series) A RESOLUTION OF THE COUNCIL OF THE CITY OF SAN LUIS OBISPO APPROVING THE 1989-91 FINANCIAL PLAN AND APPROPRIATING FUNDS FOR THE 1.989-90 FISCAL YEAR WHEREAS, the City Administrative Officer recommends a comprehensive Financial Plan for the 1989-91 Fiscal Years in accordance with accepted budget policies and programs established by the Council; and WHEREAS, the Financial Plan is based upon public comment and direction of the Council after scheduled budget hearings held between January 9 and July 24, 1989; WHEREAS, the Council reviewed the City's Annual Work Program as an integral component of the Financial Plan preparation process. NOW, THEREFORE, be it resolved by the Council of the City of San Luis Obispo that: i Section 1. The Financial Plan for Fiscal Years 1989-91 is hereby approved. Section 2. The Operating, Debt Service, and Capital Outlay Budget for the Fiscal Year beginning July 1, 1989 and ending June 30, 1990 is hereby appropriated as follows: Ooeratin? Debt Service Capital Public Safety $ 8,202,300 $ 0 $ 3,299,400 Public Utilities 4,578,200 677,400 .32,585,000 Transportation 2,453,300 1,400,000 2,231,600 Leisure, Cultural, and Social Services 3,266,700 67,000 1,058,000 Community Development 2,909,600 0 330,000 General Government 4,150,000 34,400 415.000 TOTAL $25,560,100 $2,178,800 $39,919,000 L� / 1 On motion of seconded by and on the following roll call vote: AYES: NOES: ABSENT: the foregoing Resolution was passed and adopted this day of 1989. Mayor Ron Dunin ATTEST: City Clerk Pam Voges A OVED: City inistrative ficer City torn hector of Finance