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HomeMy WebLinkAboutr 10446 approving 13-15 financial plan & 13-14 budgetRESOLUTION NO. 10446 (2013 SERIES) A RESOLUTION 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; and \ryHEREAS, during its June 2013 budget hearings, the City Council made several adjustments to the 2013-2015 Preliminary Financial Plan and 2013-14 budget as outlined 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 I ,2013 and ending June 30, 2014 is hereby adopted as amended. 2. The City Manager is hereby directed to make modifications to work programs, policies, and other components of the Financial Plan to reflect consistency with funding approvals set forth in Exhibit A. Upon motion of Mayor Marx, seconded by Council Member Ashbaugh, and on the following roll call vote: AYES: Council Member Ashbaugh, Vice Mayor Smith and Mayor Marx NOTE: Council Member CarPenter ABSENT: None The foregoing Resolution was adopted this 17th day of June 2013' an Marx ATTEST: Grimes City Clerk AS Christine Dietrick City Attorney RM R 10446 Resolution No. 10446 (2013 Series) Page 2 EXHIBIT A Council Aooroved Chanses to the 2013-15 Financial Plan and 2013-14 Budset During its June 10, 11,72, and 17,2013, 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 pg. 3 -3 3 I ) is set at $200,000 per year. 2. An additional police officer positions for the Downtown district and neighborhood is approved as outlined in the June 13,2073, Council Memorandum from Police Chief Gesell (Alternative Option D - page 8). Council requested an implementation update in June 2014. 3, The Capital Improvement project to rebuild the Jack House Gazebo (2013-15 Capital Improvement Plan pg. 3-506) is included in the 2014-15 fiscal year at a cost of $40,000. 4. The Capital Improvement project to construct bicycle facility improvements (2013-15 Capital Improvement Plan pg.3-289) will be funded at $100,000 annually, an increase of $75,000 over the original proposal. 5. The Capital Improvement project for City Wayfinding Signs (2013-15 Capital Improvement Plan pg. 3-268) is funded at $65,000 in 2013-14; $65,000 in 2014-15 $50,000 is funded in 2015-16; $50,000 is funded in2016-17. 6. The Capital Improvement project (2013-15 Capital Improvement Plan pg. 3-72) to remodel the dorms and bathroom at Fire Station 2 is funded at 52,700 in 2013-14 for design instead of in 2015- 16 and is funded at $27,800 in 2014-15 for construction instead of in2016-17 . 7. 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 CaIPERS obligation. 4. Present a cost benefit analysis to Council regarding the City's ability to make payments on the CaIPERS Tier 1 Safety Side Fund, pension obligations, or to offset ongoing employer rate increase. Due Date: April2014 Resolution No. 10446 (2013 Series) Page 3 8. The Capital Improvement Project for Paving Maintenance (2013-15 Capital Improvement Plan 3-223) will be reduced as follows: $19,300 in 2013-14; $25,700 in 2014-15; $125,700 in 2015-16;575,700 in 2016-17;$75,700 in 2017-18. 9. The Capital Improvement Project for Traffic Sign Maintenance (2013-15 Capital Improvement Plan pg.3-229) will be reduced by $40,000 in2013-14. 10. The annual Storm Drain Replacement Capital Improvement project (2013-15 Capital Improvement Plan pg. 3-313) will be reduced by $33,600 in2013-14; $50,000 in2014- 15; $40,000 in 201 5-16;544,400 in 2016-17; $48,500 in2017-18. 1 1. The Capital Improvement Project for Parking Lot Maintenance (2013-15 Capital Improvement Plan pg.3-495) will be reduced by $50,000 in2014-15. 12. The Insurance Benefit Fund shall be established for the purpose of retrospective insurance payments and future CaIPERS payments. The Property Tax Adjustment Fund reimbursement in the amount of $632,800.00 shall remain in the General Fund. No transfer of this amount shall be reflected as a transfer into the Insurance Beneht Fund. Enterprise Funds contributions shall be transferred into the Insurance Benefit Fund and shall be applied to the repayment schedule for retrospective California Joint Powers Insurance Authority (CJPIA) payments. 13. The General Fund annual investment in the Fleet Replacement Fund will be reduced by $91,400 in each year from 2013-14 through 2017-I8. The following fleet replacements have been rescheduled as a result: a. The replacement of city pool car #232 having a cost of $32,800 will be deferred from 20 1 3 - 14 to 2014-15 . b. Funding for the replacement of marked patrol units is reduced by $35,100; the amount of $36,600 is programmed into 2015-16. c. The replacement of one parks maintenance pickup having a cost of $32,300 will be deferred from 2013-14 to 2014-15. d. The replacement of the Finance & IT van #9903 having a cost of $29,900 is deferred from 2014-15 to 2015-16. e. The replacement of city pool car #23I having a cost of $33,400 will be deferred from 2014-1 5 to 20 I 5-1 6. f. The replacement of the swim center utility truck #332 having a cost of $37,100 will be deferred from20l4-15 to 2016-17. g. The replacement of the building maintenance utilitytruck #314 having a cost of $39,000 will be deferred from2014-15 to 2015-16. Resolution No. 10446 (2013 Series) Page 4 h. The replacement of one parks maintenance pickup having a cost of $32,800 will be deferred from2014-15 to 2015-16. The replacement of the Finance & IT SUV #403 having a cost of $31,800 is deferred from 2015-16 to 2016-17. j The replacement of city pool car #228 having a cost of $34,100 will be deferred from 2015-16 to 2016-17. k. The replacement of street sweeper #817 having a cost of $266,600 will be deferred from 2015-16 to 2016-17. L The replacement of hre engine #29 having a cost of $594,500 has been removed from the 5-year CIP replacement plan. m. The replacement of portable restroom and trailer #334 having a cost of $33,200 has been deferred from 2017-18.