HomeMy WebLinkAbout06-17-2013 ac PH 1 Lichtig 2RECF-IV17D
JUN 13 2013
council memonAn6um S L -
O CITY CLERK
June 13, 2013
TO: City Council
FROM: Katie Lichtig, City Manager
t
Prepared by: Brigitte Elke, Principal Administrative Analyst
SUBJECT: 2013-15 Financial Plan Resolution
AGENDA
CORRESPONDENCE
Date � I� f I� Item# LH I
In preparation for the June 17, 2013 City Council meeting, attached please find an updated
budget resolution that reflects the Council's discussion points during the June 10, 11, and 12,
2013 public meetings.
The resolution will be further updated according to the Council's discussion and decisions during
the June 17, 2013, meeting.
Attachment 2
RESOLUTION NO. (2013 SERIES)
A RESOLUTION OF THE COUNCIL OF THE CITY OF SAN LUIS OBISPO
APPROVING THE 2013-15 FINANCIAL PLAN AND 2013-14 BUDGET
WHEREAS, the City Manager has submitted the 2013-15 Financial Plan to the Council for its
review and consideration in accordance with budget policies and objectives established by the Council;
and
WHEREAS, the 2013-15 Financial Plan is based upon extensive public comment and direction
of the Council after fourteen scheduled budget workshops and public hearings.
WHEREAS, during its June 2013 budget hearings, the City Council made several adjustments to
the 2013-2015 Preliminary Financial Plan and 2013-14 budget as outline in Exhibit A.
NOW, THEREFORE, be it resolved by the Council of the City of San Luis Obispo that:
1. The Preliminary 2013-15 Financial Plan with amendments as presented in Exhibit A is hereby
approved and that the operating, debt service and capital improvement plan budget for the fiscal
year beginning July 1, 2013 and ending June 30, 2014 is hereby adopted as amended.
2. The City Manager is hereby directed to make modifications to work programs to reflect
consistency with funding approvals set forth in Exhibit A.
On motion of , seconded by , and on
the following vote:
AYES:
NOTE:
ABSENT:
the foregoing Resolution was passed and adopted on June 17, 2013.
ATTEST:
Maeve Kennedy Grimes, City Clerk
APPROVED:
Christine Dietrick, City Attorney
Mayor Jan Marx
Resolution No. (2013 Series)
2013-15 Financial Plan and 2013-14 Budget
Exhibit A
Council Approved Changes to the Preliminary 2013-15 Financial Plan and 2013-14 Budget
During its June 10, 11, and 12, 2013, Budget Hearings, the City Council discussed and approved the
following changes and amendments to the 2013-15 Financial Plan and 2013-14 budget:
1. The annual Open Space Capital Improvement Budget (2013-15 Capital Improvement Plan 3-
331) is set at $200,000 per year.
2. The Capital Improvement project to rebuild the Jack House Gazebo (2013-15 Capital
Improvement Plan 3-506) is included in the 2014-15 fiscal year at a cost of $40,000.
3. The Capital Improvement project to construct bicycle facility improvements (2013-15 Capital
Improvement Plan 3-289) will be funded at $100,000 annually.
4. The Capital Improvement project for City Wayfinding Signs (2013-15 Capital Improvement Plan
3-268) is funded at $65,000 in 2013-14, $65,000 in 2014-15 with an additional $50,000 planned
in 2015-16 and 2016-17.
5. The Capital Improvement project (2013-15 Capital Improvement Plan 3-72) to remodel the
dorms and bathroom at Fire Station 2 is financed in 2013-14 with $2,700 for design and $27,800
in 2014-15 for construction.
6. The Major City Goal "Essential Service, Infrastructure, & Financial Health" is amended as
follows:
Task: Continue to closely review and monitor the City's fiscal condition
3. Beginning in 2014-15, self -assess one percent of salaries to be used to reduce
Ca1PERS obligation.
4. Present a cost benefit analysis to Council regarding the City's ability to make
payments on the Ca1PERS Tier 1 Safety Side Fund, pension obligations, or to offset
ongoing employer rate increase. Due Date: April 2014
7. The Fleet Fund investment will be reduced by $91,000