HomeMy WebLinkAbout02-20-2018 Item 01 - Mid-Year Financial Report 2017-18 Fiscal Year
Meeting Date: 2/20/2018
FROM: Derek Johnson, City Manager
Xenia Bradford, Finance Director
Alex Ferreira, Budget Manager
Prepared By: Alex Ferreira, Budget Manager
SUBJECT: 2017-18 MID-YEAR BUDGET REVIEW
RECOMMENDATION
1. Receive and discuss an update of changes in the financial position (Attachment A, Sections
A &B) based on revised projections for all funds for the 2017-18 fiscal year; and
2. Receive an update on Status of Major City Goals and Other Important Objectives
(Attachment A, Section C); and
3. Approve Resolution (Attachment B) adopting changes to 2017-18 budget.
REPORT IN BRIEF
The purpose of the Mid Year Budget Review for 2017-2018 is to provide a comprehensive
overview of the City’s fiscal condition and provide a status report on Major City Goals put forth
in the 2017-2019 Financial Plan. Lastly, this report provides recommendations for the use of one
- time funds in excess of reserve policy requirements.
DISCUSSION
The accompanying Mid-Year Budget Review for 2017-18 provides a comprehensive overview
of the City’s fiscal condition at the mid-point of the fiscal year. The Transmittal Memorandum
(starting on page A-1) sets forth a concise summary of key General Fund revenue and
expenditure trends since adoption of the 2017-19 Financial Plan in June 2017. The report’s main
focus is on the General Fund; however, updated information is provided for each fund. The
report also includes a comprehensive status of Major City Goals, Capital Improvement Program
(CIP) projects and Other Important Objectives.
Background
The City’s two-year Financial Plan provides for the submittal of a report on 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. Additionally, focused reports are issued 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 broader look at the City’s financial picture, including:
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1. Updating beginning fund balance projections based on actual results for the prior
fiscal year as confirmed in the audit and reported in the Comprehensive Annual
Financial Report (CAFR).
2. Analyzing revenue trends since adoption of the Financial Plan and revising revenues
and ending fund balance projections accordingly.
3. Identifying and presenting any areas of uncertainty or concern and recommending
corrective action or additional funding if required.
4. Presenting the status of major City goals, CIP projects and other important objectives.
Report Organization
Section A: Transmittal Memorandum: Provides a narrative overview of the City’s fiscal
environment. Provides an update to 2017-18 fund balance projections with previous fiscal year
audited fund balance results and the most recent revenue and expenditures trends. Provides a
summary of administrative and previously adopted by Council budget adjustments since the
adoption of 2017-19 Financial Plan. This memorandum provides with Mid-Year recommended
budget adjustments for Council approval and recommendations for the use of surplus fund
balance.
Section B: Financial Condition Summaries: Provides comprehensive presentations and
updates of projected revenues and expenditures based on staff’s best and most prudent
professional judgment. Updates beginning fund/working capital balances based on actual
audited 2016-17 results and projected ending balances for 2017-18 based on changes from
original budget estimates.
Section C: Status of Goals and Objectives: Provides a report on Major City Goals, Other
Council Objectives, and the status of major Capital Improvement Plan (CIP).
Section D: Recent financial and revenue reports: Provides the most recent Quarterly Financial
Report, Quarterly Sales Tax Newsletter and Monthly TOT Report.
Summary of Mid-Year Budget Review Results
This Mid-Year review shows that the City continued to experience slow economic growth for the
past six months. Sales tax revenue which is the most volatile source of revenue for the General
Fund because it closely correlated with economic fluctuations and which amounts to 36% of total
General Fund revenues, showed a slowing down in growth. Due to prudent expenditure
management in 2016-17, the City has one-time unallocated funds in the amount of $5.9 million;
however, further draw on this fund balance is projected within this fiscal year due to revised
projections of revenues and expenditures as discussed in this report. Unassigned fund balance for
General fund including Local Revenue Measure sub-fund is projected at $5.5 million at the end
of fiscal year 2017-18. There are no Local Revenue Measure funds not previously allocated
available to be considered for allocation.
The unassigned fund balance of $5.5 million, is partially recommended to fund public safety
Capital Improvement Project on page A-11 in the amount of $1.3 million and the remainder in
the amount of $4.2 million is recommended to be set aside for designation for future transfer into
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section 115 Pension Trust Fund. The recommendation is based on the Council’s direction for the
Fiscal Health Response Plan Budget Foundation from December 12, 2017.
2017-19 MCG ACTION HIGHLIGHTS TO DATE
Housing 30% Complete
Facilitate increased production of all housing types designed to be economically accessible to the
area workforce and low and very low-income residents, through increased density and proximity
to transportation corridors in alignment with the Climate Action Plan.
In July 2017, the City updated the Accessory Dwelling Unit Ordinance. In response to the
California Housing Legislation package that was approved in September 2017, staff is currently
evaluating how compliance with SB 35 and AB 1505 can help the City achieve the Housing
Element goals and policies. Staff recently confirmed that the City is not subject to SB 35
streamlining requirements because SLO is one of 13 jurisdictions in the State that is in
compliance with its Regional Housing Needs Allocation (RHNA) responsibilities. In November
2017, the effort to update the RHNA for 2019 kicked off with SLOCOG. Also, The City began
maintaining an Affordable Housing Interest list, so that interested individuals can receive
notification as affordable for-sale and rental units become available in the City. In December
2017, the HRC reviewed and recommended CDBG and GIA funding. As of January 2018, the
Affordable Housing Fund has a balance of approximately $1.75 million.
Multi-Modal Transportation 50% Complete
Prioritize implementation of the Bicycle Master Plan, pedestrian safety, and the Short-Range
Transit Plan.
In September 2016, the Council adopted the Short Range Transit Plan and service changes
consistent with the plan will be implemented in summer 2017. The most significant and publicly
visible of these changes include the purchase of three fully modernized transit vehicles aimed at
enhancing the riding experience with new vehicle amenities. However, even more significant
accomplishment for Transit this year is the execution on the majority of the operational changes
recommended by the City’s adopted Short-Range Transit Plan (June 2017). These changes
reorganize SLO Transit in a way that can be built upon for the next 10 to 15 years, creates a
system that is much more resilient to system impacts (e.g. roadwork, surge ridership, etc.) and
most importantly, increases the safety of the service that directly touches the lives our residents
more than 1.1 Million times a year.
Climate Action 20% Complete
Implement Climate Action Plan, assess requirements to achieve a “net-zero carbon City” target,
and implement cost-effective measures, including implementation of a Sustainability
Coordinator and formation of a Green Team.
In July 2017, the Special Projects Manager position took on the role and responsibilities of the
Sustainability Coordinator. In November, the position was reclassified to a Sustainability
Manager position after a staff transition. The purpose of the reclassification was to strategically
station the position to maximize coordination and influence over key climate actions. The
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recruitment was filled in February 2018 and the new Sustainability Manager will begin work in
March 2018.
In July 2017, the City “Green Team” was established with represen tatives from each City
department. In October 2017, a Memorandum of Understanding between the City and the
Climate Action Task Force (Task Force) was approved to establish the Task Force as the
“Community Climate Action Coalition” to help achieve the objectives outlined in the Climate
Action Major City Goal work program. Also in October, the City Council limited the use of
single use plastic beverage straws citywide and other measures for city facilities and special
events. In October, the City Council adopted Ordinance 1637 providing for an expedited and
streamlined permitting process for electric vehicle charging stations. In November, the data
collection for the update of the GHG emissions inventory was initiated. Finally, in December,
the City Council directed staff to pursue a Community Choice Energy Program. City staff has
initiated outreach to other jurisdictions in the County to support this effort.
Fiscal Sustainability & Responsibility 25% Complete
Continue to implement the City’s Fiscal Responsibility Philosophy with a focus on economic
development and responsiveness, unfunded liabilities, and infrastructure financing.
The City’s fiscal health has been evaluated through an extended to ten years long-term fiscal
analysis for all major funds. A Fiscal Health Response Plan to address identified $8.9 million
structural budget gap due to significant increases in pension costs to pay down unfunded
liabilities has been developed and conceptually approved by Council. On December 12, 2017,
Council set Fiscal Health Response Plan Budget Foundation, providing with general direction
and components for how the reductions will be achieved over a three-year period starting with
2018-19 Supplemental budget through 2019-21 Financial Plan. On April 14, 2018, Fiscal Health
Response Plan Strategic Budget Direction will be presented to Council providing with strategic
direction for 2018-19 Supplemental Budget and setting strategic policy direction for 2019-21
Financial Plan Development.
Capital Improvement Program has also been reviewed by staff over a 10-year period and initial
findings were presented to Council on January 16, 2018. Staff presented the funding needs to
maintain existing infrastructures, to fund major rehabilitation projects, and to fund new projects.
Staff will return to Council on April 17, 2018 with recommendations for funding options,
including financing options and revenue measure recommendations, and timeframe to complete
the identified projects.
The City continues to address closure of the Diablo Canyon and prepare for the impacts to the
region due to significant loss of jobs and property tax value. California Public Utilities
Commission rejected the PG&E settlement with the local governments based on an
administrative judge ruling. The City is pursuing a legislative strategy to address the ruling and
to advocate for legislative relief to the region.
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2017-19 OTHER IMPORTANT OBJECTIVES (Objectives) ACTION HIGHLIGHTS TO
DATE
Downtown Vitality 25% Complete
Continue to improve safety, infrastructure investment, and maintenance in the Downtown and
support Downtown Association’s proposal to consider a Downtown improvement district.
Maintenance work continues in the downtown core which includes tree maintenance, sidewalk
scrubbing, and street sweeping. Replacement of the Marsh Street Bridge design work continues
and is scheduled to start construction in Spring of 2019. The next Downtown Renewal Project
located in the 800 block of Higuera Street is delayed and anticipated to start construction in
Summer of 2018.
Planning work for the Downtown Concept Plan and Mission Plaza Concept Plan is complete.
Implementation of portions of the Mission Plaza Concept Plan will commence in the summer of
2018.
The Community Action Team and Bicycle Patrols continue to maintain public safety by focusing
efforts in addressing chronic offenders and evening patrols within the downtown. Continued
coordination with the Downtown Association to educate the community on homelessness issues
is underway. Police Department coordination with the County of San Luis Obispo to expanded
mental Health Services is underway and implementation planned for 2018.
CONCURRENCES
The City leadership team concurs with the findings in this report.
ENVIRONMENTAL REVIEW
This is not a project under CEQA.
FISCAL IMPACT
The following budget adjustments are recommended for Council approval.
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Table A
Fiscal Year 2016-17 Mid-Year Adjustment Requests
Department/
Fund
Budget
Action
Adjustmen
t Amount
Council Action Requested
General Fund Decrease in
Revenue
($312,000) Approve decrease in revenue due to; sales tax
decline of $607 thousand, offset by increase in
property tax, property tax in lieu of VLF, and
franchise fees of $195 thousand, $44 thousand, and
$56 thousand, respectively.
Fire Increase in
Revenue
$1,500,000 Approve increase to revenue due to recognition for
Mutual Aid Reimbursement revenue.
Fire Increase in
Expenditure
$1,200,000 Approve increase to expenditures due to recognized
expenses for Mutual Aid Reimbursement.
Development
Services
Change to
Fund Balance
($382,000) Approve designation re-classification of fund
balance to development services due to incorrect
classification at 2016-17 fiscal year end close. .
Total
General
Fund
($394,000)
Law
Enforcement
Grants Fund
Increase in
Expenditure
$90,000 Approve correction to original budget of $75
thousand and $15 thousand based on updated grant
receipt information. Corresponding revenue was
recognized with the original adopted budget less
$8,500 adjustment shown below.
Law
Enforcement
Grants Fund
Increase in
Revenue
$8,500 Approve increase revenue due to updated
information based on grant receipt.
Total Law
Enforcement
Fund
($81,500)
Water Increase in
Revenue
$400,000 Projections for water development impact fees
which were budgeted conservatively, are being
increased to reflect revenue received through
December. This is a positive impact to fund balance.
Sewer Increase in
Revenue
$129,000 The budget for sewer development impact fees is
being increased to reflect revenue received as of
December. This is a positive impact to fund balance.
Parking Increase in
Revenue
$891,000 Approve increase to revenue due to rate increases
implemented after budget adoption. This is a
positive impact to fund balance.
Public Works Increase in
CIP
Expenditure
$1,288,000 Approve Farmers Market Security Bollards Capital
Improvement Project detailed on page A-11 of the
report.
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ALTERNATIVES
The Council may elect not to make adjustments to the revenue and expenditures operating
budgets. This is not recommended as the proposed changes are reflective of the staff best
professional review of revenue trends and recognition of expenditures for Mutual Aid as well as
corrective action to Development Review Designation, which is recommended for compliance
with Council fiscal policies.
Council may elect not to appropriate $1.2 million for the Capital Improvement Program. The
project detailed on page A-10 of the report and is recommended to be funded at this time to
address public safety at the Farmer’s Market.
Council may elect not to designate $4.3 million to fund Section 115 Trust. This action is not
recommended per Council’s budget direction to address the ongoing structurally unbalanced
budget through Fiscal Health Response Plan and Trust formation to address unfunded liability.
Attachments:
a - Council Reading File Mid-Year 2017-18
b - Resolution
c - Summary of Budget Adjustments
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RESOLUTION NO. (2018 Series)
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN LUIS
OBISPO, CALIFORNIA, APPROVING CHANGES TO THE 2017-18
BUDGET
WHEREAS, the City Council adopted the 2017-18 Financial Plan on June 20, 2017,
which established comprehensive financial and policy guidelines for fiscal years 2017-18 and
2018-19; and
WHEREAS, in accordance with the City’s Budget and Fiscal Policies, staff has
completed a review of the city’s revenue and expenditure trends and has developed revised
budget amounts which are explained and compiled in the Mid-Year Budget Review;
and
WHEREAS, the City Manager has recommended the approval of budget amendments
summarized in Attachment C.
and
NOW, THEREFORE, BE IT RESOLVED by the Council of the City of San Luis
Obispo that:
a)The revised revenue and expenditure forecast amounts for the 2017-18 identified in the
Mid-Year Budget Review presented on this date are hereby adopted as the revised budget
for 2017-18.
Upon motion of ________________, seconded by _________________, and on the
following roll call vote:
AYES:
NOES:
ABSENT:
the foregoing resolution was adopted on February 20th, 2018.
_____________________________
Mayor Heidi Harmon
ATTEST:
____________________________________
Carrie Gallagher
City Clerk
APPROVED AS TO FORM:
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_____________________________________
J. Christine Dietrick
City Attorney
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the official seal of the City
of San Luis Obispo, California, this ______ day of ______________, _________.
____________________________________
Carrie Gallagher
City Clerk
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ATTACHMENT C: BUDGET AMENDMENTS
Fiscal Year 2016-17 Mid-Year Adjustment Requests
Department/
Fund
Budget
Action
Adjustment
Amount
Council Action Requested
General Fund Decrease in
Revenue
($312,000) Approve decrease in revenue due to; sales tax
decline of $607 thousand, offset by increase in
property tax, property tax in lieu of VLF, and
franchise fees of $195 thousand, $44 thousand,
and $56 thousand, respectively.
Fire Increase in
Revenue
$1,500,000 Approve increase to revenue due to recognition
for Mutual Aid Reimbursement revenue.
Fire Increase in
Expenditure
$1,200,000 Approve increase to expenditures due to
recognized expenses for Mutual Aid
Reimbursement.
Development
Services
Change to
Fund Balance
($382,000) Approve designation re-classification of fund
balance to development services due to incorrect
classification at 2016-17 fiscal year end close. .
Total
General
Fund
($394,000)
Law
Enforcement
Grants Fund
Increase in
Expenditure
$90,000 Approve correction to original budget of $75
thousand and $15 thousand based on updated
grant receipt information. Corresponding revenue
was recognized with the original adopted budget
less $8,500 adjustment shown below.
Law
Enforcement
Grants Fund
Increase in
Revenue
$8,500 Approve increase revenue due to updated
information based on grant receipt.
Total Law
Enforcement
Fund
($81,500)
Water Increase in
Revenue
$400,000 Projections for water development impact fees
which were budgeted conservatively, are being
increased to reflect revenue received through
December. This is a positive impact to fund
balance.
Sewer Increase in
Revenue
$129,000 The budget for sewer development impact fees is
being increased to reflect revenue received as of
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December. This is a positive impact to fund
balance.
Parking Increase in
Revenue
$891,000 Approve increase to revenue due to rate increases
implemented after budget adoption. This is a
positive impact to fund balance.
Public Works Increase in
CIP
Expenditure
$1,288,000 Approve Farmers Market Security Bollards
Capital Improvement Project detailed on page A-
11 of the report.
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blank.
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2017-18Mid-Year Budget Review102-20-2018 Item 1, Staff Presentation
RecommendationsReceive and discuss changes in financial position for 2017-18Receive an update on the Status of Major City Goals and Other Important ObjectivesAdopt Resolution adopting changesto 2017-18 Budget.02-20-2018 Item 1, Staff Presentation
Presentation Outline31. Budget process2. Year-end results3. Mid-Year trends4. Recommendations for budget adjustments5. Major City Goals UpdateBX26BX2702-20-2018 Item 1, Staff Presentation
2017-182016-17 CAFR2017-18 Mid-YearFiscal Health Response Plan2018-19 Supplement2019-21Financial PlanBudget ProcessSupplemental Budget Direction & 2019 -21 Financial Plan Policy DirectionBudget Process02-20-2018 Item 1, Staff Presentation
General Fund: Revenues derived primarily from taxes and service charges. Enterprise Funds (Water, Sewer, Parking, Transit) –Business Like activity funded by revenues derived from the activity. OPERATINGCAPITALOPERATING CAPITALBudget ProcessCity’s fund structure02-20-2018 Item 1, Staff Presentation
Fiscal Sustainability & Responsibility6OPERATINGFiscal Health Response Plan (FHRP)1. Operating Reductions2. Revenue3. ConcessionsCAPITALCIP 2035(10 – Year CIP)1. Local Revenue Measure (GF)2. New Revenue Measure (GF)3. AB 1600 Fees Budget ProcessJD202-20-2018 Item 1, Staff Presentation
Revenue Measures Timeline7ElectionRevenue Ballot MeasuresCitizen Satisfaction SurveyStrategic DirectionApril 17Feb - MarchJuneNovemberBudget Process02-20-2018 Item 1, Staff Presentation
2016-17 Year-End Results02-20-2018 Item 1, Staff Presentation
2016-17 Year-End General Fund Balance9Fiscal Year End 2017Non-Spendable$3,173,248Restricted 128,102Committed 9,428,034Assigned 11,043,478Unassigned2,723,292Total Fund Balance $26,496,154Year End Results• $5.9 million available for appropriationBX2802-20-2018 Item 1, Staff Presentation
Local Revenue Measure•Ranger Services•Transportation Planning & Engineering•Traffic Signal Technician•Police Patrol Officers & Sergeant•Streets Maintenance Worker•Code Enforcement Staff•Creek & Flood Protection•Park Improvements•Open Space Acquisition•Bicycle Improvements•Traffic Signal Upgrades•Street Reconstructing & Resurfacing•Storm Drain ReplacementOperating34%Capital66%2016-17 Uses - $6.1 millionYear End Results02-20-2018 Item 1, Staff Presentation
2017-18 Mid-Year Trends02-20-2018 Item 1, Staff Presentation
Historical Trend: Total Revenue12Year End Results$57.6$66.5$69.6$75.0$73.6$77.4$40$45$50$55$60$65$70$75$8012-13 13-14 14-15 15-16 16-17 17-18$ MillionsGeneral Fund (Including LRM)BudgetActualBX33FA5BX39BX4002-20-2018 Item 1, Staff Presentation
$21.1$22.6$22.8$25.1$24.5$24.4$19$20$21$22$23$24$25$2612-13 13-14 14-15 15-16 16-17 17-18$ MillionsSales Tax$12.7$12.6$13.5$14.3$15.1$15.8$5$7$9$11$13$15$1712-13 13-14 14-15 15-16 16-17 17-18$ MillionsProperty TaxHistorical Trend: Tax Revenue13Year End ResultsBudgetActualNote: Sales Tax 15-16 increase due to one time true up payment for Triple Flip.BX37BX3802-20-2018 Item 1, Staff Presentation
General Fund (Including LRM)2016-17 Year-End Actuals vs. Final Budget14Revenue: $11K over budgetOperating Expenditure: $4M under budgetYear End Results$73.6$77.4$73.6$40$45$50$55$60$65$70$75$8012-13 13-14 14-15 15-16 16-17 17-18$ MillionsRevenues$76.0$76.7$80.0$40$45$50$55$60$65$70$75$80$8512-13 13-14 14-15 15-16 16-17 17-18$ MillionsOperating ExpendituresBudgetActualFA3BX35BX3602-20-2018 Item 1, Staff Presentation
Mid-Year Budget AdjustmentsDept/Fund ActionAmountAction RequestedGeneral FundDecrease in Revenue($312,000)Approve decrease in revenue due to; sales tax decline of $607 thousand, offset by increase in property tax, property tax in lieu of VLF, and franchise fees of $195 thousand, $44 thousand, and $56 thousand, respectively.FireIncrease in Revenue$1,500,000Approve increase to revenue due to recognition for Mutual Aid Reimbursement revenue.FireIncrease in Expenditure$1,200,000Approve increase to expenditure due to recognized expenses for Mutual Aid Reimbursement.Development Services Change to Fund Balance($382,000)Approve designation re-classification of fund balance to development services due to incorrect classification at 2016-17 fiscal year end close. Total General Fund($394,000)Mid-Year Trends02-20-2018 Item 1, Staff Presentation
Mid-Year Budget AdjustmentsDept/Fund ActionAmountReasonLaw Enforcement Fund Increase in Expenditure ($90,000) Approve correction to original budget of $75 thousand and $15 thousand based on updated grant receipt information. Corresponding revenue was recognized with the original adopted budget less $8,500 adjustment shown below.Law Enforcement Fund Increase in Revenue$8,500Approve increase revenue due to updated information based on grant receipt.Total Law Enforcement Fund($81,500)Mid-Year Trends02-20-2018 Item 1, Staff Presentation
Mid-Year Budget AdjustmentsDept/Fund ActionAmountReasonWater FundIncrease in Revenue$400,000Projections for water development impact fees which were budgeted conservatively, are being increased to reflect revenue received through December. This is a positive impact to fund balance.Sewer FundIncrease in Revenue$129,000The budget for sewer development impact fees is being increased to reflect revenue received as of December. This is a positive impact to fund balance. ParkingIncrease in Revenue$891,000Approve increase to revenue due to rate increases implemented after budget adoption. This is a positive impact to fund balance.Public WorksIncrease in CIP Expenditure$1,288,000Approve Farmers Market Security Bollards Capital Improvement Project detailed on page A-11 of the report.Mid-Year Trends02-20-2018 Item 1, Staff Presentation
2017-18 Recommendations1802-20-2018 Item 1, Staff Presentation
2017-18 Year-End General Fund Balance Projection19Fiscal Year End 2018Non-Spendable $0Restricted 128,102Committed0Assigned11,425,478Unassigned5,591,679Total Fund Balance$17,145,259Of the $5.5 million unassigned fund balance it is recommended;• Fund Farmers’ Market Security Bollards capital improvement project of $1.3 million.• Remaining $4.2 million is recommended to be set aside for designation for future transfer into section 115 Pension Trust Fund. Recommendations02-20-2018 Item 1, Staff Presentation
New CIP Project: Farmers’ Market Security Bollards1) Growing concerns regarding Farmers’ Market security.2) Proposal to install a combination of manual/removeable and auto/retractable bollards in street entrances.3) Bollard type and location will be determined in consultation with the Police & Fire Departments, and the Downtown Association. 4) Estimated to cost $1.28 M.Recommendations02-20-2018 Item 1, Staff Presentation
Section 115 Pension Trust Designate $4.2 m for Pension TrustInternal Revenue Service Code Section 115 Funds set aside in the trust may be used only to make payments for pensionsRequires and IRS certified letter (management firm)Recommendations02-20-2018 Item 1, Staff Presentation
Status of Major City Goals & Other Important Objective2202-20-2018 Item 1, Staff Presentation
2017-19 Major City Goals and Important ObjectivesMajor City Goals• Housing• Multi-Modal Transportation• Climate Action• Fiscal Sustainability & ResponsibilityOther Important Objective• Downtown Vitality23MCG Update02-20-2018 Item 1, Staff Presentation
Housing -30% CompleteAdopted New Accessory Dwelling Unit OrdinanceMajor Project Entitlements – Avila Ranch, San Luis RanchAffordable Housing Fund Award –Courtyard at the Meadows24MCG Update02-20-2018 Item 1, Staff Presentation
• Purchase of three fully modernized transit vehicles aimed at enhancing the riding experience.• Buffered and Green Bike lanes on LOVRand Madonna.Multi-Modal Transportation 50% Complete25MCG Update02-20-2018 Item 1, Staff Presentation
Climate Action-25% CompleteGreen Team & Task Force establishedReceived Council direction on Community Choice EnergyLimited single-use plastic bottles and beverage straws26MCG Update02-20-2018 Item 1, Staff Presentation
• Fiscal Health Response Plan (FHRP) has been developed and conceptually approved by Council.• On April 17, 2018, FHRP strategic budget direction will be presented to Council.• 10 year Capital Improvement Program has been reviewed by staff and will be presented to Council on April 17, 2018 with recommendations for funding options and timeframe to complete the identified projects.Fiscal Sustainability & Responsibility25% Complete27MCG Update02-20-2018 Item 1, Staff Presentation
Other Important Objectives Highlights• Replacement of March Street Bridge design work continues and is scheduled to start construction in Spring 2019.• Downtown Concept Plan and Mission Plaza Concept Plan is complete.• The Community Action Team and Bicycle Patrols continue to maintain public safety.• The addition of a full-time Mental Health professional to the Police Department’s Community Action TeamDowntown Vitality 25% Complete28MCG Update02-20-2018 Item 1, Staff Presentation
Status of Major Capital Improvement Program Projects02-20-2018 Item 1, Staff Presentation
Major CIP UpdateStatus of Major Capital Improvement Program ProjectsMadonna/LOVR Street Rehabilitation: 100% Complete Sinsheimer Park Playground: 100% CompleteWRRF: 60% Design CompleteBX3402-20-2018 Item 1, Staff Presentation
Recommendations1. Receive and discuss an update of changes in financial position revised projections for all funds for the 2017-18 fiscal year, and2. Receive an update on Status of Major City Goals and Other Important Objectives, and3. Adopt a Resolution entitled “ A resolution of the City Council of the City of San Luis Obispo, California, approving changes to the 2017-18 Budget.”3102-20-2018 Item 1, Staff Presentation