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Home My WebLink About06-23-2015 PH1 Padilla (2)COUNCIL MEETING: o(& Council Memorandum ITEM NO.:"pNt TO: Mayor and City Council FROM: Wayne Padilla, Finance & I.T. Director DATE: June 23, 2015 JUN 2 3 2M VIA: Katie Lichtig, City Manager SUBJECT: Amended Resolution approving the 2015 -17 Financial Plan and 2015 -16 Budget Staff has identified a number of changes to the Preliminary Financial Plan that are included in Exhibit A of the Budget Adoption Resolution. Attached is the version of this resolution that incorporates all of the changes identified as of noon on June 23, 2015. It is recommended that the City Council consider the attached Resolution when it considers the approval of the 2015 -17 Financial Plan and adoption of the 2015 -16 Budget. Attachment: Amended Resolution approving the 2015 -17 Financial Plan and 2015 -16 Budget Attachment 1 RESOLUTION NO. (2015 SERIES) A RESOLUTION OF THE COUNCIL OF THE CITY OF SAN LUIS OBISPO APPROVING THE 2015 -17 FINANCIAL PLAN AND 2015 -16 BUDGET WHEREAS, in accordance with San Luis Obispo Charter Section 802, the City Manager has submitted the 2015 -17 Financial Plan to the Council for its review and consideration consistent with budget policies and objectives established by the Council; and WHEREAS, the 2015 -17 Financial Plan is based upon extensive public comment and direction of the Council after scheduled budget workshops and public hearings held on June 9th, 11th, 16th and 23rd. NOW, THEREFORE, be it resolved by the Council of the City of San Luis Obispo that: 1. The Preliminary 2015 -17 Financial Plan, amended for the items listed in Exhibit A, which is incorporated by reference herein, is hereby approved and the operating, debt service and capital improvement plan budget for the fiscal year beginning July 1, 2015 and ending June 30, 2016 is hereby adopted. 2. The Budget and Fiscal Policies included in the Preliminary 2015 -17 Financial Plan and amended as shown in Exhibit A are hereby approved. 3. The 2014 -15 Water Fund and Sewer Fund projected amounts shown in the Fund Review document of each fund are hereby approved as the 2014 -15 amended budget for each fund. 4. Where fund reserves are used as shown in the 2015 -17 Financial Plan, restricted reserves shall be drawn down in advance of any draws from unrestricted reserves and when unrestricted reserve amounts are drawn down, committed and assigned amounts shall be used in advance of any draws from unassigned reserve amounts, whenever possible. 5. The City Manager is delegated the authority to approve format and typographical changes found within the Preliminary 2015 -17 Financial Plan as needed. On motion of following vote: AYES: NOTE: ABSENT: seconded by the foregoing Resolution was passed and adopted on June 23, 2015. Mayor Jan Marx ATTEST: Anthony Mejia, City Clerk , and on the APPROVED: Christine Dietrick, City Attorney Exhibit A — Changes to the Preliminary Budget 7015 -16 7016 -17 Increase CIP total for Jack House elevator repair Increase CIP expenses in Facility Maintenance Fund $ 22,000 Increase CIP expenses in Local Revenue Measure Fund $ 22,000 Reflect Donation Amount of $22,000; Reflect use of Local Revenue Measure in amount of $22,000 Increase CIP total for Octaeon Barn contribution Increase CIP expenses in Local Revenue Measure Fund $206,000 Increase CIP total for Ranter Vehicle Increase CIP expenses in Local Revenue Measure Fund $ 35,000 Increase Operating Costs for Ramer ProEram Increase Ranger program staffing costs to reflect two 30 hr. /wk employees (1.5 FTE) supported by General Fund $75,000 $ 75,000 Laguna Lake ADA Trail Reduce Local Revenue Measure funding for this project ($250,000) Increase Parkland Development Fund CIP to support this project $250,000 Reduce Storm Drain Replacement CIP design costs Reduce Local Revenue Measure CIP for Storm Drain Replacement ($ 13,000) Reduce appropriation for employee leave payouts ($50,000) ($ 50,000) Reduce salary projections ($25,000) ($ 25,000) Water Enterprise Fund Increase operating costs for drought response strategy $179,000 Recognize debt proceeds for Reservoir #2 construction $5.0 million Recognize debt service on above borrowing $ 367,909 Reflect new user fees resulting from Council action taken on June 16, 2015 Sewer Enterprise Fund Reflect new user fees resulting from Council action taken on June 16, 2015 Parkine Enterprise Fund Reduce operating costs to reflect savings from lot closures due to new Development ($40,800) ($41,700) Policy Amendments: Page H27— Productivity. Add the following language which was overlooked for inclusion in the Preliminary Financial Plan: "Maintaining City purchasing policies and procedures that are as efficient and effective as possible." Page H15 -16 — Fund Balance and Reserves. Add the following language, which was inadvertently omitted, should be included in the Financial Plan: "The Infrastructure Investment Capital Fund has been created to help the City realize the benefits of growth that is well - planned, and that would not occur in a timely manner without City participation in the financing of supporting infrastructure. With respect to resources that are expended from this fund: 1) The use of City funds shall not offset any cost that would be legally required to be paid to meet the fair share obligation of the developer requesting City investment in an infrastructure project. 2) The use of City funds shall not offset a private project's specific mitigation cost identified through the environmental review process or under existing regulations or policies. 3) The use of City funds shall support a project that would not otherwise be feasible in a timely manner due to the economic environment, the timing of the project, or other constraints outside the control of the project proponents or the City. 4) The project proponents shall demonstrate a significant public benefit associated with construction of the project that merits City participation. 5) Approved projects will have a measurable outcome that will be monitored and reported to the Council and the public." Devise the Bicycle Transportation Tian Implementation CIP project to reflect the following allocation for a total proiect cost of $400,000: 1). BTP Prioritization, Education and Advocacy Program $ 5,000 2). Active Transportation, Education and Advocacy Program $ 10,000 3) Highland & Chorro Bicycle Improvements $ 20,000 4) Boysen & Santa Rosa Crossing Project Study Report deferred 5) Prado Rd. Class I Connection Proj. Development & Right -of -Way $100,000 6) Chorro & Foothill Bike Box $ 10,000 7) RRST Class I Connection Laurel & Orcutt $150,000 8) Bicycle & Pedestrian Grants Support $ 15,000 9) Broad Street Bike Boulevard Plan Development $ 90,000 Revise the NeitAborhood Compatibility Other Important C3laiective work program to include a task to consider alternatives and develop a recommendation to implement Land Use and Circulation Element Program 2.13 with a due date of June 30, 2016. Program Changes Shift responsibility for oversight of the Human Relations Commission program from Human Resources to Community Development (this does not create a change in budgeted amounts)