HomeMy WebLinkAbout06-05-2018 Item 19 2018-19 Supplemental Budget Workshop Meet ing Date: 6/5/2018
FROM: Derek Johnson, City Manager
Prepared By: Shelly Stanwyck, Parks and Recreation Director
Brigitte Elke, Interim Finance Director
Alex Ferreira, Budget Manager
SUBJECT: REVIEW AND DISCUSSION OF PROPOSED 2018-19 SUPPLEMENTAL
BUDGET
RECOMMENDATION
Receive and discuss the 2018-19 Budget Supplement including:
a. Major City Goals/Other Important Objectives and Performance Measures progress report;
and
b. The 5-year General Fund Forecast; and
c. The proposed changes to the 2018-19 Budget Supplement arising from the
implementation of the Adopted Fiscal Health Response Plan (FHRP); and
d. The proposed changes to the 2018-19 Capital Improvement Program; and
e. The Enterprise Funds Overviews and implementation of the FHRP to the Parking, Sewer,
Transit, and Water Enterprise Funds.
DISCUSSION
The Budget Supplement for 2018-19 implements the Council adopted Fiscal Health Response
Plan and contains the following 12 sections.
The Budget Overview 2018-19
This section of the Budget Supplement is the narrative summary of the topics covered by the
document. It provides highlights for the major sections of the Supplement. Below is a summary
of the basic outline of the Budget Overview 2018-19.
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Item 19
Budget Outline
1. City Manager Message
2. April 17, 2018 Adoption of Fiscal Health Response Plan
3. Highlights of Status on Major City Goals/Other Important Objectives and Performance
Measures
4. Overall Economic Outlook
5. 5-Year Fiscal Forecast for General Fund Including Projected Revenues and Expenditures
6. Application of the adopted Fiscal Health Response Plan to the General Fund and Changes
to the 2018-19 Budget
7. Status Report on Revenue Oversight Committee (REOC) Operating Programs and
Capital Projects
8. Capital Improvement Projects
9. Enterprise Funds Forecasts and Reports
Major City Goals and Other Important Objectives
Every two years with the adoption of the City’s Financial Plan the most important, highest
priority work programs are established, with resources to accomplish them, as Major City Goals
and Other Important Objectives. The 2017-19 Major City Goals are focused on the following:
Housing, Multi-Modal Transportation, Climate Action, and Fiscal Sustainability and
Responsibility.
At this phase of the Financial Plan, a majority of the Major City Goals and Other Important
Objectives are tracking at about half way to completion. Section B of the 2018 -19 Budget
Supplement provides details for each Goal and Other Important Objective and includes the status
of tasks assigned to each with notes on accomplishments, progress, as well as modifications to
tasks.
5 Year General Fund Forecast
As part of the 5-year Fiscal Forecast Discussion three policy changes are recommended
regarding fund balances and reserves and long term financial planning. Council’s action of June
19th will consider adoption of these policies.
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Item 19
The 5-year Fiscal Forecast is based on assumptions shown in Section D that the City will be able
to maintain a balanced budget and meet its unfunded pension liabilities and appropriate
approximately $20 million dollars towards payments of unfunded CalPERS pension liabilities.
The forecast largely shows that the City will be able to make modest adjustments in expenditures
based on revenue forecasts and that significant expansion of operating programs or capital
investments wo uld require operational tradeoffs. The bottom line is that, in order to fund the
City’s unfunded pension obligations, fiscal restraint will be required for the foreseeable future.
Application of Fiscal Health Response Plan
This Financial Plan process is slightly different due to changes in the City’s 10-year Financial
Forecast associated with changes to unfunded liabilities associated with the City’s pensions. As
a result, since summer of 2017, the Council and public have studied this problem and identif ied a
framework in which to address it over the next three years. On April 17, 2017, the City Council
adopted a Fiscal Health Response plan to guide the 2018 -19 Budget as well as the 2019-21
Financial Plan.
Each City department has applied the polices and guiding principles of the Fiscal Health
Response Plan to their operating program budgets for 2018 -19. As a result, predominately
reductions achieve a balanced budget for 2018-19. The options proposed are those with the least
amount of service level impa cts and are those that are achievable in 2018-19. The following
summarizes the proposed operating budget reductions and other changes which implement the
Fiscal Health Response Plan and are contained in the Budget Supplement.
Capital Improvement Projects
Several revisions to the 2018-19 CIP are proposed. They include appropriations for three new
projects using grants or previously identified funds. In addition, there are recommended
reductions to existing projects whose construction can be deferred in 2018-19. These reductions
are recommended to fund a project ready to construct this summer, the Laurel Lane Complete
Streets project. The project discussed below is done so for ease of public review with this
agenda report, the same information in contained in the Budget Supplement in multiple locations
as well.
Park in the North Broad Street Neighborhood
This topic is discussed in the Budget Overview and is recommended for incorporation into the
City’s capital improvement program. It is discussed in th is transmittal report in summary form
as not all members of the public will choose to review the Budget Supplement. However, the
Supplement covers this topic as well.
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Item 19
a. Current Council Direction.
In 2016, Council allocated $900,000 of General Fund to the P arkland Fund for the
purposes of developing a Park in the North Broad Street Neighborhood. On June 1,
2017, Council provided direction to transfer $160,000 of that allocation from the from
the Parkland Development Fund to a fund the Parks and Recreation Master Plan and
Element update during the 2017-19 Financial Plan. Staff was directed to pursue a
park site in this neighborhood that facilitates a Park and the Broad Street Bike
Boulevard. The remaining $740,000 General Fund contribution designated in the
Parkland Fund for the Park in this neighborhood was to be reevaluated at the 2019 -21
Financial Plan if no active pursuit of property was underway.
During 2017-18, staff from Public Works, Parks and Recreation and the City
Attorney initially met with the Church of the Latter Day Saints to discuss the possible
use of property it owns that is bounded by Foothill Boulevard and Ramona Drive for
the multiple purpose of a Park and a Bike Path. The good news is, an agreement was
reached for use of that property for Bike Path purposes with the Church. The
disappointing news is no agreement could be reached for Park purposes.
Although the circumstances surrounding a potential Park changed, consistent with the
current Parks and Recreation Element, (which identifies the need for a Park in the
North Broad Street Neighborhood), staff continued to evaluate how and where this
could occur given the Ramona/Foothill Drives location was no longer feasible. Parks
and Recreation staff facilitated a series of meetings with a group of residents of the
North Broad Street Neighborhood. Staff reviewed all properties in the neighborhood
that might be available and viable for park purposes. Using the Goldilocks analogy
some were too steep, some were too constrained, some were under residential
development, and some were just not right. Eventually staff and the residents were
able to identify that property the City owns, at 533 Broad Street, Broad Street
Community Gardens, could be just right for a Park in this neighborhood.
b. Council Direction Sought with 2018-19 Supplement – a new CIP Project
It is therefore proposed that Council provide direction to staff to establish a capital
improvement project to begin the design and development of a Park in the North
Broad Street neighborhood at the City owned property at 533 Broad with the
$740,000 General Fund designation in the Parkland Fund to be appropriated for this
purpose. Included in this direction, if supported by Council, would be a
programmatic work effort by staff, to use the City’s public engagement process to
engage the neighborhood about this Park, seek its input in the design, and have the
Parks and Recreation Commission continue to serve in its capacity as the advisory
body to the Council on this new park. Given staff in Parks and Recreation’s
thoughtful reorganization, and focus on other work efforts, this project will not begin
until spring 2019.
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Item 19
Enterprise Funds
For ease of review, the Budget Supplement includes the Fund Reviews for each of the Enterprise
Funds: Parking, Sewer, Transit, and Water. Those four Fund Reviews include overviews of each
Fund, the Funds’ responses and strategies to apply the Fiscal Health Response Plan, and any
Capital Improvement Projects planned. Rate adoptions for the Water and Sewer Funds will be
considered by Council on June 19th.
ENVIRONMENTAL IMPACT
There is no environmental impact associated with the adoption of the 2018 -19 Budget
Supplement. Notably, components of the Budget and savings proposed in it are focused on
increased sustaina bility and the use of less consumable goods in an ongoing effort by the City to
address long-term environmental concerns. Nothing in the Budget Supplement is intended to
constitute a final approval of any particular project for purposes of the California Environmental
Quality Act and no action herein shall be construed to relieve the City of otherwise applicable
environmental review obligations prior to any particular project approval.
FISCAL IMPACT
Fiscal impact of the proposed 2018-19 Budget Supplement is a balanced budget that sets forth
the series of budgetary changes over the next three years to align revenues and expenditures to
address increased costs associated with unfunded pension liabilities.
NEXT STEPS
Following Council discussion and direct ion at a public hearing of June 5, 2018, staff will return
on June 19, 2018 for consideration of the Water and Sewer Funds rate adoptions, the
amendments to Fiscal Policies regarding a revenue stabilization fund, a capital projects reserve,
and the allocat ions of funds to prepay or participate in a trust to address portions of the CalPERS
unfunded liability; the adoption of the appropriations limit for 2018 -19, the adoption of the 2018-
19 Budget.
ATTACHMENT
a - 2018-19 Budget Supplement
Packet Pg. 227
Item 19
6/5/2018
1
1
2017‐19 Financial
Plan Supplement
Proposed
2018‐19 Budget
Picture courtesy of Laura Schwoerer - Instagram @wildflowerfolie
Recommendation: Receive and Discuss
1. MCG/OIO and Performance Measure Progress Reports
2. The 5-Year General Fund Forecast;
3. The proposed changes to the 2018-19 Budget Supplement
4. The proposed changes to the 2018-19 Capital Improvement Program
5. Enterprise Funds Overviews
2
6/5/2018
2
Introductory Remarks
Substantial outreach.
2018-19 Supplement is guided by the adopted Fiscal
Health Response Plan.
2018-19 Supplement and proactively addresses
unfunded liabilities and proposes expenditures
changes with little service level impact and new
ways of doing business that are achievable in the
upcoming fiscal year.
92% of residents indicate San Luis Obispo is an
excellent or pretty good place to live.
3
42018-2019 Budget Overview
Budget is balanced; aligns revenues and expenditures to
account for increased payments to CalPERS.
Budget affirms City’s commitments to essential services
and funding high priority maintenance projects.
Fiscal Forecast shows the City will be able to make
approximately $20 million in payments to unfunded
liabilities over the next 5 years.
6/5/2018
3
2018-2019 Budget Overview
5
This Second Year of the 2017-19 Financial Plan has a
positive General Fund balance above policy
reserves.
Continued economic and regional growth have been
forecasted at a modest level.
Major City Goals and Other Important Objectives are
on course.
Presentation Overview
6
Budget Foundation
•Status of Major
City Goals and
Other Important
Objectives
•Status of Capital
Improvement
Program
2018-19 Budget
•The FHRP
•Application of the
FHRP
•Operating
Expenditures
•Capital
Improvement
Program
•Five Year Fiscal
Forecast
•Policy Changes
Enterprise Funds
•Water
•Sewer
•Parking
•Transit
6/5/2018
4
Budget Foundation:
Summary of MCG and CIP
7
Budget Foundation: 2018-19 Major City
Goals and Other Important Objectives
Major City Goals
•Housing
•Multi-Modal
Transportation
•Climate Action
•Fiscal
Sustainability &
Responsibility
Other Important
Objective
•Downtown
Vitality
8MCG Update
6/5/2018
5
Housing - 44% Complete
Over 10 affordability agreements are in
process.
Affordable Housing Fund balance is
$1.75M.
Zoning Regulation Update added
workforce housing as an income category.
9MCG Update
Multi-Modal Transportation -
40% Complete
Calle Joaquin Park and Ride lot
opened – the first in SLO.
SLO Transit received multiple awards
and continued to adjust services.
Signal upgrade at Monterey and Osos
complete increasing safety.
10MCG Update
6/5/2018
6
Climate Action-40% Complete
Sustainability Manager Hired
and Green Team re-established
Climate Action Plan Update
almost complete.
Implementation of plastic bottles
and straw regulations
CCA Underway
11MCG Update
Fiscal Sustainability &
Responsibility - 50% Complete
Adopted the Fiscal Health Response
Plan to address unfunded liabilities.
Funding the Future of SLO.
Continued work on economic
impacts of Diablo Canyon closure.
12MCG Update
6/5/2018
7
OIO: Downtown Vitality –
50% Complete
Ongoing maintenance in the downtown core
with portions of the Mission Plaza Concept
Plan to start during Summer of 2018.
The Community Action Team and Bicycle
Patrols continue to maintain public safety in
downtown.
13MCG Update
14
CIP Status Update
6/5/2018
8
QUESTIONS?
15
16Proposed 2018-19 Budget
6/5/2018
9
Strategic Direction: Adopted Fiscal
Health Response Plan
Affecting all City Funds – the purpose of the Plan is to
establish a framework to respond to the long-term fiscal
impacts of the significant increases in required pension
contributions to the CalPERS retirement system over
three-years.
17
2018-19 Budget
Refresher: What is the Problem?
Similar to 3,000 other agencies
in California, the City faces a
significant increase in
required pension
contributions.
The City’s annual costs to
CalPERS will more than double
in 10 years.
To address these increases, the
City needs to reduce
expenditures by $8.9 million in
the General Fund & Enterprise
Funds over the next three years.$7.8 million$19 million2014–15
ANNUAL
CALPERS COST
2024–25
PROJECTED
CALPERS COST 2018-19 Budget
6/5/2018
10
Fiscal Health Response Plan (FHRP)19
Problem General &
Enterprise Funds
Key Policies and
Principles
Integration with
Financial Planning
Process
Elements of Plan New Revenues New Ways of
doing Business
Employee
Concessions
Prepayment or a
Trust
External Impacts
to Plan Communication Plan
Implementation
2018-19 Budget
The FHRP is a Balanced Approach
to Budget Reductions
20
30 - 40%
20 - 30%
30 - 40%
General Fund
Revenues
New Ways of Doing Business
Operating Reductions
Concessions
2018-19 Budget
6/5/2018
11
Concessions $1.9 million in ALL Funds
over the FHRP period
21
All regular employees participate in the same retirement system - CalPERS
Adopted policies address the concept of shared responsibility
Phased approach for concessions with the objective amount of $1.9 million for
all funds by fiscal year 2020-21
City will negotiate in good faith with all bargaining units
City will tailor labor agreements to meet mutual objectives.
2018-19 Budget
Implementation FHRP with the 2018-19 Budget
The FHRP has guided the preparation of the
2018-19 Budget Supplement.
All Departments have provided operating
reductions and new ways of doing business as
have the Enterprise Funds.
No reductions to CIP are proposed.
The reductions proposed are those:
With the least amount of service level impacts
That are achievable in the first year of the Plan
22
2018-19 Budget
6/5/2018
12
23Operating Reductions New Ways of Doing Business
1. Refinancing 1. Energy Efficiency
2. Energy Efficiency and Less
Consumption
2. Enterprise Resource System
3. Renegotiated Agreements with
Vendors
3. Equipment Replacement
4. Proactive Compliance with
Collections
4. Thoughtful Department Re-
organizations
5. Improved Risk Management
6. Proactive Fiscal Management
2018-19 Budget
Application of the FHRP to the 2018-19
Budget achieves $1,472,000
• $100,000New Revenues
• $1,102,000
Operating
Reductions
• $270,000
New Ways of
Doing Business
242018-19 Budget
6/5/2018
13
Department Reduction
Administration $115,000
Finance $ 15,000
City Attorney $ 19,000
Human Resources $ 30,000
Parks & Rec $131,000
Community Dev. $ 10,000
Public Works $314,000
Fire $ 29,000
Police $ 33,000
Total $696,000
Application of FHRP to 2018-19 Budget – Operating
2018-19 Budget
Action Reduction in Costs or
Increases in Revenues
Debt Refinance $83,000
CalPERS Lump Sum
Payment
$323,000
Business License $150,000
Contract Renegotiation $20,000
TOT Homestay $50,000
Code Enforcement $50,000
Total $676,000
Application of FHRP to 2018-19 Budget – Operating
2018-19 Budget
6/5/2018
14
New CIP Appropriations Proposed for 2018-19 Budget 27
• Appropriate Grant Funding.
• $376,000 of Zone 9 monies to complete final design.
Mid Higuera
Bypass
• Appropriate $59,477 of over-realized Development
Services Fees to implement electronic submittal and
review program.
Electronic Plan Review
for Development
Services Fees
• Appropriate General Fund monies placed in 2016 in
the Parkland Fund.
• $75,000 for design of Park at 533 Broad Street.
• Future construction funds would be appropriated as
part of the 2019-21 Financial Plan.
Park in North Broad
Street Neighborhood
2018-19 Budget
Reallocation of Funds to Laurel Lane Complete
Street CIP in 2018-19 Budget
28
Additional Funding for Laurel Lane Complete Streets Project
Project 2018-19 Project Reallocations
1. Mission Plaza Railing Upgrade $30,000
2. Storm Drain System Replacements $317,100
3. Parks and Recreation Interior Office Rehabilitation $61,000
4. Laguna Lake Dredging $200,000
5. Bike Facilities Improvement $25,000
2017-18 Project Reallocation
6. Downtown Renewal $160,000
Total $793,100
2018-19 Budget
6/5/2018
15
Application of FHRP Proposed 2018-19 Budget – LRM
2018-19 Budget
General Fund 2018-19 Operating Expenditures Breakout
30
Note: Includes $1,102,000 in reductions in operating expenditures.
2018-19 Budget
48%
24%
21%
7%
Salaries
Benefits
Operating Expenditures
Other Expenditures
6/5/2018
16
General Fund 2018-19 Revenue Breakout
31
35%
10%
17%
8%
14%
16%General Sales Tax
Transient Occupancy Tax
Property Tax
Utility Users Tax
Other Tax & Franchise
Revenues
Non-Tax Revnues
Note: Includes $270k in additional revenue for new ways of doing business and $100k in Cannabis revenue.
2018-19 Budget
5-Year Fiscal Forecast - Expenditures
32
2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23
Salaries
32,605 35,254 34,785 35,777 36,858 37,856 38,613
Benefits (Including UAL)
12,724 13,928 17,089 18,400 19,275 19,815 20,326
Total Staffing
45,329 49,182 51,874 54,177 56,134 57,671 58,939
Operating Expenses
13,583 14,482 15,880 15,910 16,278 16,654 17,037
Other Expenses
11,585 3,514 4,872 5,388 5,005 5,040 5,084
Safety Cost Allocation
- - - 200 200 200 200
CIP Reserve
- - - 1,000 1,028 1,057 1,086
FHRP Reductions/Revenue
- - (1,472) (3,750) (7,500) (7,500) (7,500)
Total Expenditures $70,498 $67,178 $71,153 $72,926 $71,144 $73,121 $74,847
Resources Over/(Under)
Expenses ($3,138) $2,514 ($917) ($970) $2,580 $2,444 $2,071
5-Year Forecast
6/5/2018
17
5-Year Fiscal Forecast - Revenues
33
2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23
General Sales Tax
24,069 23,932 24,890 25,161 25,577 26,013 26,468
TOT
7,368 7,294 7,367 7,551 7,627 7,703 7,780
Property Tax
10,756 11,145 11,665 12,307 12,922 13,568 13,975
Utility Users Tax
5,539 5,568 5,617 5,673 5,730 5,787 5,845
Other Tax & Franchise Revenues
9,021 9,784 10,048 10,431 10,830 11,246 11,512
Non-Tax Revenues
10,607 11,968 10,649 10,832 11,038 11,247 11,337
Total Revenues $67,360 $69,692 $70,236 $71,955 $73,724 $75,565 $76,918
5-Year Forecast
5-Year Fiscal Forecast - Fund Balances
34
2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23
Resources Over/(Under) Expenses ($3,138) $2,514 ($917) ($970) $2,580 $2,444 $2,071
Beginning Balance $29,634 $26,496 $22,522 $17,605 $13,635 $15,214 $16,658
Revenue Stabilization Reserve
(Recommendation) - (1,000) - - - - -
Bollard CIP Project (one time monies) - (1,288) - - - - -
Additional CalPERS Principal Payment - (4,200) (4,000) (3,000) (1,000) (1,000) (1,000)
Ending Fund Balance $26,496 $22,522 $17,605 $13,635 $15,214 $16,658 $17,729
Designated Reserves (9,697) (3,301) - - - - -
Policy Reserve Level @ 20%: (10,902) (11,358) (11,528) (11,934) (12,337) (12,655) (12,919)
Reserve Over/(Under) Policy Level $5,897 $7,863 $6,077 $1,701 $2,878 $4,003 $4,810
5-Year Forecast
JD2FA1
Slide 34
JD2 Do these numbers don't match the five year forecast in the budget
supplement?
Johnson, Derek, 6/4/2018
FA1 They match the revised forecast that included the changes to CIP
and transfers in LRM fund.
Ferreira, Alex, 6/4/2018
6/5/2018
18
5-Year Fiscal Forecast – Revenues and Expenditures
35
$15,000
$25,000
$35,000
$45,000
$55,000
$65,000
$75,000
$85,000
2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23
5-Year Forecast
Revenues Expenditures
Projection($000s)
5-Year Forecast
5-Year Fiscal Forecast - TOT
36
$0
$1,000
$2,000
$3,000
$4,000
$5,000
$6,000
$7,000
$8,000
$9,000
2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23
Transiant Occupancy Tax Projection($000s)
5-Year Forecast
6/5/2018
19
5-Year Fiscal Forecast – Sales and Property Taxes
37
$15,000
$17,000
$19,000
$21,000
$23,000
$25,000
$27,000
$29,000
2012-132013-142014-152015-162016-172017-182018-192019-202020-212021-222022-23General Sales Tax Projection($000s)
$0
$2,000
$4,000
$6,000
$8,000
$10,000
$12,000
$14,000
$16,000
2012-132013-142014-152015-162016-172017-182018-192019-202020-212021-222022-23Property Tax Projection($000s)
5-Year Forecast
38Fiscal Policy Direction
Fund Balances and Reserves
6/5/2018
20
Policy Changes: Revenue Stabilization Reserve
39
Policy: General Fund Revenue Stabilization
Purpose Provide budget stability when
unanticipated fluctuations in revenues
occur.
Funding Target Maintain at $1,000,000 during the term of
the FHRP.
Action Required for Use Majority of Council Approval
Authority to Use Reserve City Council
Replenishment of Reserves Funds set aside annually with adoption of
Budget.
Policy
Policy Changes: Revenue Stabilization Reserve
J. General Fund Revenue Stabilization Fund. The City will maintain a
reserve for the purposes of offsetting unanticipated fluctuations in general
fund revenues to provide financial stability. The funding target for the
Revenue Stabilization Reserve will be $1,000,000 during the term of the
adopted Fiscal Health Response Plan. Use and allocations of funds of
the Revenue Stabilization Fund will be made upon Council approvals of
the Financial Plan or as becomes necessary during any fiscal year.
40Policy
6/5/2018
21
Policy Changes: Future Capital Project Reserve
41
Policy: Capital Improvement Projects Reserve
Purpose Meet unexpected financial or capital
project needs due to cost increases and
unforeseen conditions and urgent
unanticipated projects.
Funding Target Funding at an adequate level as
determined by Council.
Action Required for Use Majority of Council Approval
Authority to Use Reserve City Council
Replenishment of Reserves Funds set aside annually with adoption of
Budget.
Policy
Policy Changes: Future Capital Project Reserve
K. Capital Projects Reserve Fund. The City will maintain a
reserve for the purposes of offsetting unanticipated cost increases,
unforeseen conditions, and urgent unanticipated projects to
provide continued investment in infrastructure maintenance and
enhancement. Use and allocations of funds of the Capital Projects
Reserve Fund will be made to Capital Projects including Fleet,
Information Technology, and Major Facility Replacement upon
Council approvals of the Financial Plan or as becomes necessary
during any fiscal year.
42Policy
6/5/2018
22
Policy Changes: Unfunded Liabilities Aggressive Payment
43
Policy: Aggressive payment of Unfunded Liabilities & Section 115 Continued Eval.
Purpose Aggressive payment of Unfunded Liabilities and continued
evaluation of Section 115 Trust formation
Funding Target The City will make annual unfunded liabilities payments
based on a 20-year amortization schedule opposed to the
normal 30-year amortization schedule
Action Required for Use Council will approve the additional principal payments at
mid-year by evaluating the recommended amounts arising
from the CAFR year-end report.
Authority to Pay Additional
Amounts
City Council
Continued Analysis of Section
115 Trust Formation
1. Act as a reserve to offset potential volatility in CalPERS
annual contributions
2. Realize higher investment returns
3. Act as a set-aside for available use in reducing City’s
pension obligations
Policy
Policy Changes: Unfunded Liabilities Aggressive Payment
B. In applying unassigned fund balances to pay down long-term
unfunded liabilities a two-part strategy will be used to address the
liability to the greatest extent possible. One, annual payments to
CalPERS for unfunded liabilities will address interest and principal.
Two, analysis of a Section 115 Trust as a mechanism to address
future pension obligations an uncertainties will continue and a
recommendation about formation of the same will be made during
the term of the adopted Fiscal Health Response Plan.
44Policy
6/5/2018
23
45Proposed 2018-19
General Fund Budget
Appropriations
2018-19 General Fund Appropriations
46
Allocation Type Governmental
Funds
Enterprise & Other
Funds
Total
Operating Programs $68,722,687 $33,800,168 $102,522,854
CIP $24,758,084 $26,322,583 $51,080,667
Debt Service $3,185,500 $5,354,158 $8,539,658
Total $96,666,271 $65,476,909 $162,143,179
2018-19 Budget
6/5/2018
24
2018-19 General Fund Appropriations
47
Recommended Appropriations of excess Reserve
Public Safety CIP (Downtown bollards) $1,300,000
Revenue Stabilization $1,000,000
Infrastructure Investment Fund $ 250,000
Principal Prepay CalPERS $4,200,000
2018-19 Budget
QUESTIONS?
48
6/5/2018
25
Enterprise Funds
49
Water Sewer
Parking Transit
Enterprise
Funds
Enterprise Funds
50
Water Fund
Enterprise
Funds
6/5/2018
26
Water Fund –FHRP Implementation
Share over 3-year term $542,000
Water source of supply program reductions
Water meter replacement program = more accurate fee collection
51
Water Fund 2018-19
Revenues Efficiencies and New
Ways of Doing
Business
$100,000 $100,000
Enterprise
Funds
Water Fund
52
Revenue Category 2017-18 Budget 2018-19 Budget Variance
Water Sales $ 17,223,312 $ 18,621,279 8%
Agency Sales
$ 866,250 $ 913,894 6%
Recycled Water
$ 600,000 $ 600,000 0%
Dev. Impact Fees
$ 1,200,000 $ 800,000 -33%
AB 939 Reimbursement (1)
$ 145,000 $ 147,900 2%
Other Revenue
$ 326,760 $ 473,000 5%
Investments $ 50,000 $ 50,000 0%
Total $ 20,411,322 $ 21,606,073 6%
[1]Groundwater Sustainability Agency reimbursement costs.
Enterprise
Funds
6/5/2018
27
Water Fund
53
67%
22%
4%4%
3%
2018-19 Water Fund Revenue
Water Sales
Base Fee
Sales to Agencies
Impact Fees
Other revenue
Enterprise
Funds
Water Fund
54
5%
62%
17%
13%
3%
2018-19 Water Expenditure Breakout
Water Admin
Source of Supply
Water Treatment
Water Distribution
Water Resources
Enterprise
Funds
6/5/2018
28
Water Fund
55
Enterprise
Funds
Water Admin Source of Supply Water Treatment Water Distribution Water Resources Total
2017-18 832,335 9,372,480 2,870,295 1,835,800 527,237 15,438,147
2018-19 762,227 9,427,131 2,619,672 1,870,676 498,540 15,178,246
Variance -8.42% 0.58% -8.73% 1.90% -5.44% -1.68%
$(2,000,000)
$-
$2,000,000
$4,000,000
$6,000,000
$8,000,000
$10,000,000
$12,000,000
$14,000,000
$16,000,000
$18,000,000
Operating Budgets
Water Fund
56
Water Rate Structure and Rates
Public Hearing 6:00 p.m.
Tuesday, June 19, 2018
Enterprise
Funds
6/5/2018
29
Enterprise Funds
57
Sewer Fund
Enterprise
Funds
Sewer Fund -FHRP Implementation
Share over 3-year term $540,000
Energy efficiency project and process changes
Water meter replacement program = more accurate fee
collection
58
Sewer Fund 2018-19
Revenues Efficiencies and New Ways
of Doing Business
$20,000 $80,000
Enterprise
Funds
6/5/2018
30
Sewer Fund
59
Revenue Category 2017-18 Budget 2018-19 Budget Variance
Sewer Service Charges
$ 14,301,464 $ 14,838,195 3.8%
Agency Sales
$ 875,000 $ 908,250 3.8%
Dev. Impact Fees
$ 430,000 $ 300,000 -30.0%
Industrial User Charges
$ 85,000 $ 85,000 0.0%
Other Revenue
$ 373,000 $ 383,071 2.7%
Investments $ 50,000 $ 50,000 0.0%
Total $ 16,114,464 $ 16,564,516 2.8%
Enterprise
Funds
Sewer Fund
60
65%
25%
5%
2%3%
2018-19 Sewer Revenue
Sewer Charges
Base Fee
Sales to Agencies
Impact Fees
Other revenue
Enterprise
Funds
6/5/2018
31
Sewer Fund
61
Enterprise
Funds
12%
4%
15%
51%
11%
7%
2018-19 Sewer Expenditure Breakout
Admin/Engr
Environ Compli
Collection System
WRRF
Water Qual Lab
Water Resources
Sewer Fund
62
Enterprise
Funds
WW Admin Environmental
Compliance WW Collection WRRF WQL Utilities Revenue Total
2017-18 1,050,342 266,094 1,126,925 3,909,379 788,377 509,531 7,650,648
2018-19 900,717 278,432 1,127,562 3,784,224 792,953 491,727 7,375,615
Variance -14.25% 4.64% 0.06% -3.20% 0.58% -3.49% -3.59%
$(1,000,000)
$-
$1,000,000
$2,000,000
$3,000,000
$4,000,000
$5,000,000
$6,000,000
$7,000,000
$8,000,000
$9,000,000
Operating Budgets
6/5/2018
32
Sewer Fund
63
Sewer Rate Structure and Rates
Public Hearing 6:00 p.m.
Tuesday, June 19, 2018
Enterprise
Funds
Enterprise Funds
64
Parking Fund
Enterprise
Funds
6/5/2018
33
Parking Fund
Share of problem over Plan’s 3 year term is
approximately $175,000.
Unique position, rate changes (not tied to the
problem) provide adequate resources to address
fiscal sustainability.
Application of the plan to 2018-19 Supplement
propose more efficient contract services and
prepayment of unfunded liability (to be reviewed
and considered in detail on June 19, 2018)
65
Parking Fund 2018-19
Other Efficiencies and New
Ways of Doing Business
Pre-payment of unfunded
liability
$10,000
Enterprise
Funds
Parking Fund Revenue
66
Revenue Category 2017-18 Budget 2018-19 Budget Variance
Parking Meter Collections
$ 1,939,500 $ 2,093,800 8.0%
Parking Structure Collections
$ 1,658,900 $ 1,798,100 8.4%
Long Term Parking Revenue
$ 890,800 $ 1,032,600 15.9%
Lease Revenue
$ 500,500 $ 500,600 0%
Parking in-Lieu Fees
$ 20,200 $ 20,200 0.0%
Other Service Charges
$ (113,100) $ (130,900) 15.7%
Total Service Charges
$ 4,896,800 $ 5,314,400 9.3%
Fines & Forfeitures
$ 616,500 $ 634,900 3.0%
Investment & Other Revenue
$ 50,100 $ 68,100 35.9%
Total $ 5,563,400 $ 6,017,400 8.8%
6/5/2018
34
Parking Fund: 5-Year Forecast
67
Enterprise
Funds
2017-18 2018-19 2019-20 2020-21 2021-22 2022-23
Revenue 5,563,400 6,017,400 6,099,700 6,947,600 7,218,500 7,220,600
Expenditures 4,906,000 5,093,900 6,196,900 6,442,900 6,798,600 6,934,200
$0
$1,000,000
$2,000,000
$3,000,000
$4,000,000
$5,000,000
$6,000,000
$7,000,000
$8,000,000
Revenue Expenditures
2018-19 Parking Services Revenue
68
35%
30%
17%
8%
10%0%
2018-19 Projected Revenue
Parking Meters
Parking Structures
Long Term Parking
Lease Revenue
Fines and Forfeitures
Other
6/5/2018
35
2018-19 Parking Services Expenditures
69
23%
15%
12%11%
14%
20%
5%2018-19 Expenditures
Staff Costs
Contract Services
Retirement & UAL
CAP (Genl Govt)
CIP Projects
Debt Service
Other Operating
Parking Fund: CIP
70
2016-17 Mid Year
2017-18
Supplement
2018-19
Projected
2019-20
Projected
2020-21
Replace PARCS Equipment * 113,000 650,000 50,000 50,000
Vehicle License Plate Recognition * 145,000
Parking Structure Assessment * 76,667
structural assessment projects 78,000 575,000 200,000 200,000
Palm-Nipomo Parking Structure 1,274,443 250,000 23,600,000 -
Parking Lot Acquisition Program - - 333,333 333,333
TRIP reduction Program - - 40,000 40,000
Meter Expansion/Upgrade/Replacement - - 327,500 237,500
Other Projects 328,689 18,854 288,069 78,133
Total 2,015,799 825,000 668,854 24,838,902 938,966
Enterprise
Funds
6/5/2018
36
Enterprise Funds
71
Transit Fund
Enterprise
Funds
Transit Fund
Share of problem over Plan’s 3 year term is
approximately $42,500.
Unique position, rate changes (not tied to the
problem) and working capital that provide adequate
resources to address fiscal sustainability.
Application of the plan to 2018-19 reducing
consumables purchases and prepayment of
unfunded liability (to be reviewed and considered
in detail on June 19, 2018).
72
Transit Fund 2018-19
Other Efficiencies and New
Ways of Doing Business
Pre-payment of unfunded
liability
$42,500
Enterprise
Funds
6/5/2018
37
Transit Fund Revenues
73
Adopted
2017-18
Adopted
2018-19
Revised for
Supplement
2018-19
Projected
2019-20
Projected
2020-21
Projected
2021-22
FTA Grants 1,399,640 1,399,640 1,456,036 1,427,633 1,441,909 1,456,328
TDA Revenues (LTF) 1,160,677 1,046,313 1,548,644 1,533,158 1,548,489 1,563,974
TDA Revenues (STA) 143,846 143,846 287,935 285,055 288,476 291,938
Other Grants (e.g.
SB1,LCTOP, etc.) 174,600 1,060,000 174,600 179,838 185,233 190,790
Service Charges 787,914 799,715 727,878 735,156 727,805 720,527
Investment and Property
Revenues 5,800 5,800 5,800 5,800 5,800 5,800
Other Revenues 8,000 8,000 8,000 8,000 8,000 8,000
Total Revenues $3,680,477 $4,463,314 $4,208,893 $4,174,640 $4,205,712 $4,237,357
Enterprise
Funds
Transit Fund Expenditures
74
Adopted
2017-18
Adopted
2018-19
Revised for
Supplement
2018-19
Projected
2019-20
Projected
2020-21
Projected
2021-22
Transportation 3,321,189 3,411,092 3,615,741 3,710,257 3,773,902 3,811,641
General Government 319,987 319,987 319,987 326,387 332,914 339,573
Operating Transfers Out 38,229 41,634 - - - -
Retirement Contribution 22,956 22,956
Discount Rate Adjustment 1,884
Motion Project 58,081 58,081 58,081
Motion Project - On Going 21,020
AVL 319,987 - 173,000 - - -
Fleet - 1,141,570 - - 210,000 210,000
Total Expenditures $4,080,429 $5,018,224 $4,166,809 $4,036,643 $4,106,817 $4,151,214
Resources Over/(Under)
Expenses -$399,952 -$554,910 $42,083 $137,997 $98,896 $86,143
Enterprise
Funds
6/5/2018
38
Revised Transit Five Year Forecast
75
Enterprise
Funds
Revised FY 2018-19 Transit Revenues & Expenditures
76
Total: $4,020,493 Total: $3,909,185
Enterprise
Funds
6/5/2018
39
QUESTIONS?
77
Recommendation
Receive and discuss the 2018-19 Budget Supplement including:
1. Major City Goals/Other Important Objectives and Performance Measures
progress report; and
2. The five-year General Fund Forecast: and
3. The proposed changes to the 2018-19 Budget Supplement arising from the
implementation of the Adopted Fiscal Health Response Plan; and
4. The proposed changes to the 2018-19 Capital Improvement Program
5. Enterprise Funds Overviews and implementation for the FHRP to the
Parking, Sewer, Transit, and Water Enterprise Funds.
78
6/5/2018
40
QUESTIONS?
79
Appendix
80
6/5/2018
41
Department: Administration
Reduction Amount Service Level Impact
Contract Services Networks Services,
Community Promotion,
City Administration,
Economic Development,
Administration & Records,
Contract Services
$64,000 Reductions in contract services will result
in increased inhouse network services, less
opportunity for the PCC to fund last
minute projects, improved value of
contract performance, lower contingencies
in contracts, and an adjustment in the
budget for services not used.
Other Operating
Expenses
Support Services $6,000
An analysis in operating expenses has
identified that there are annual savings and
this budget can be reduced.
Ventures &
Contingencies
Support Services $45,000 A reduction in V&C results in less
available funding for special projects of a
Citywide nature.
Total $115,000
FHRP
Department: Finance
Reduction Amount Service Level Impact
Contract Services Accounting $5,000 The City has been preparing its AB 1600
report annually and the contract for service
will be adjusted downward to reflect that.
Operating Expenses Accounting $6,000
An analysis of operating expenses identified
historical annual savings and this budget can
be reduced.
Total $15,000
FHRP
6/5/2018
42
Department: City Attorney
Reduction Amount Service Level Impact
Contract
Services &
Operating
Reductions
$19,000 The City Attorney has reduced its budget
to provide temporary staff via contract
services and an analysis in operating
expenses has identified that there are
annual savings and this budget can be
reduced. Should a legal matter arise that
requires additional staffing it will be
address on a case by case basis with
Council.
Total $19,000
FHRP
Department: Human Resources
Reduction Amount Service Level Impact
Training $19,000 Elimination of budget for unanticipated
trainings, majority of City training offered
through contract with the Centre for
Organization Effectiveness.
Tuition Reimbursement $6,000
Reduction in budget to historical average.
PACE Contribution $3,000 City's investment in the Centre for
Organization Effectiveness makes PACE
investment redundant.
Appointed Officials $2,000 Reduction through contract negotiation for
Appointed Officials' Evaluations
facilitator.
Total $30,000
FHRP
6/5/2018
43
Department: Parks & Recreation
Reduction Amount Service Level Impact
Youth Services Youth Services Staffing,
Contract Services &
Operating Budget
$49,000 Eliminate the SLO Teens Program and use
City Buses for local Summer Camp Field
Trips. The Teen Program was not staffed
during 2017-18 and will therefore not impact
current students nor a filled position.
Elimination of this funding limits the
department's ability to engage teens in positive
activities in the future. To reduce liability
consistent with the City's "30 in 3" initiative,
Youth Services will no longer contract for bus
trips outside of the region.
Recreation
Administration
Re-Organization $82,000
The Department has completed a re-organization
across multiple programs to increase
efficiencies. Additionally, the reduction of a
vacant Administrative Assistant 1 position
focused on customer service and public counter
duties is proposed. As a result, the Department's
public counter hours will be reduced but users
may still register online 24 hours a day and/or
make appointments. The use of part time
supplemental employees is required to continue
to provide in person customer service six hours a
day.
Total $131,000
FHRP
Department: Community Development
Reduction Amount Service Level Impact
Operational
Efficiencies
Community Development
Admin., Development
Review, Long Range
Planning, Human
Relations
$21,000 Reorganization of the Department utilizing current
and future anticipated vacancies to obtain a
sustainable business model should have little to no
effect on service levels but will require the use of
supplemental resources during times of high
development activity. In addition, the
reorganization relies on procedural changes, and
“delivering service differently,” with respect to the
path that certain projects take through the
entitlement process. These procedural changes are
being pursued as part of the Zoning Regulations
update.
Re-organization Development Review,
Housing Assistance,
Building
& Safety
-$11,000 The savings comes from the reclassification of an
Associate Planner to a Planning Technician and
reducing historically underspent operating budgets. A
Code Enforcement Technician I position will also be
reclassified to a Code Enforcement Supervisor as-a-
result of the determined Code Enforcement priorities
per Council direction and the Housing Programs
Manager has been reclassified to a Senior Planner.
The reclassification of the Code Technician is an
increase to operating cost, however, total cost
reductions yield a net savings.
Total $10,000
FHRP
6/5/2018
44
Department: Public Works
Reduction Amount Service Level Impact
Energy
Efficiencies
/Consumption
Reduction
Building
Maintenance,
Swim Center,
Fleet, Parks
Maintenance,
Street
Maintenance,
Traffic Signals
$293,000 Energy conservation at City facilities is projected to
reduce electricity usage resulting in. Reductions in
fuel driven by historical trends and the City is
replacing its older fleet with energy efficient
vehicles which has reduced their overall
consumption. The replacement of the existing turf
at Damon Garcia sports complex with a more
robust species is expected to reduce the cost of
fertilizer. New technologies in irrigation controls
will also mean an overall reduction in water use.
Staff also projects a decrease in water use should
the area receive an above average rain fall during
the rainy season. A decrease in the cost of asphalt
will result in overall cost savings. Replacement of
older traffic signals with energy efficient models
will result in a projected savings in electricity use.
Operational
Efficiencies
PW Administration,
Traffic Signals, Street
Maintenance,
Transportation &
Engineering
$21,000 Due to operational efficiencies in consolidating office
supplies, replacing hard copy reports with electronic
copies, will result in savings in office supplies and
print & reproduction. Reduction in contract services
and operation materials for traffic signals and
transportation & engineering can be absorbed with
existing staff and the program's budget. Education
and training reductions will be offset because for
those staff that do attend trainings, they will present
key messages and materials to remaining staff upon
their return.
Total $314,000
FHRP
Department: Fire
Reduction Amount Service Level Impact
Consumables/Uti
lities
Fire
Administration
$4,000 Result of installation of sustainable landscaping.
Education &
Training
Fire Admin., Fire
Apparatus Services, Fire
Prevention
$12,000 Reductions are accomplishable and will require
sharing of information in a train the trainer format
and more focused selection of training opportunities.
Operating Reductions Operating Supplies $13,000 An analysis in operating expenses has
identified that there are annual savings and
this budget can be reduced.
Total $29,000
FHRP
6/5/2018
45
Department: Police
Reduction Amount Service Level Impact
Operating
Reductions
Police Admin,
Neighborhood
Services
$23,000 Reductions are possible due to operating changes, a
no longer using software that was ineffective, use
of an existing citywide communications contract
for efficiencies, more targeted disbursement of
educational materials.
Contract
Services
Police Admin, Patrol,
Investigations, Support
Services, Neighborhood
Services, Traffic Safety
$10,000 Contract service reductions are possible due to
operating changes, a no longer using software that
was ineffective, use of an existing citywide
communications contract for efficiencies, more
targeted disbursement of educational materials.
Total $33,000
FHRP
Performance Measures
90
Department Measure Target
2017-18
Actual
2017-18
Target
2018-19
City Admin Maintain City Network Reliability
Uptime Status
99.9% 99.995%99.9%
Open City Hall Participant
Satisfaction Rating
90% 92%90%
Amount of Sales and Transient
Occupancy Tax
$32,272,000 $31,686,000 $33,056,000
City Attorney Documents Turned-around Within
4 Days
65% 72% 70%
Administrative Citation Appeal
Process Completed Within 70 Days
80% 63% 85%
Claims Against the City Resulting
in Litigation
5% 7% 5%
6/5/2018
46
Performance Measures
91
Department Measure Target
2017-18
Actual
2017-18
Target
2018-19
Community
Development
Percent of Development Review
activities completed within established
cycle times.
75% 71% 70%
Affordable Housing Units Constructed 24 Units Added 38 Units Added 56 Units Added
Code Enforcement Response Within
Established Timelines
80% 82% 80%
Finance Receive the Government Finance
Officers Association Distinguished
Budget and CAFR Award
Yes No Yes
Meet Budget and Fiscal Policy Fund
Balance Requirements
100% 100%100%
Meet all Federal, State, and City
Charter Reporting Requirements
100% 100%100%
Performance Measures
92
Department Measure Target
2017-18
Actual
2017-18
Target
2018-19
Fire Meet the Total Response Time (TRT)
goal as defined by General Plan Safety
Element of 7 minutes or less to 90% of
all lights-and-siren emergencies in the
City.
90% 83.5% 90%
Maximize property saved from fire
damage
85% 65.9% 85%
Percentage of Fire Department
Development Review activities
completed within published cycle times
80% 65.3% 50%
Human
Resources
Percentage of On-time Employee
Performance Evaluations
90%86%95%
Percentage of Internal Promotions 38%55%38%
Reduction in Liability and Workers
Compensation Claims
-10%-3%-20%
6/5/2018
47
Performance Measures
93
Department Measure Target
2017-18
Actual
2017-18
Target
2018-19
Parks and
Recreation
Maintain and Enhance Parks and
Recreation Participation
337,315 337,923 337,900
Increase Number of Volunteers in
Parks and Recreation
Number Pending
12- month use of services
970 3%
Miles of Trails Maintained in the City
Open Space
53 Miles 55 miles 55 Miles
Police Crime Reduction -5% -13% -14%
Increased Community Outreach
Programs
567
Fiscal Health & Sustainability -
Overtime Reduction
-2,000 Hours +1,300 Hours -2,000 Hours
Performance Measures
94
Department Measure Target
2017-18
Actual
2017-18
Target
2018-19
Public Works Increase the number of work orders
for proactive preventive maintenance
of city assets
5% annual increase 1% Increase 5% annual increase
Enhance traffic safety for all modes of
transportation
A) 3%
B) 2%
C) 2%
A) 5.3%
B) 4.2%
C) 10.6%
A) 3%
B) 2%
C) 2%
Percentage of capital projects
constructed in the budgeted year 85%
50%
85%
Utilities Drinking Water Compliance Rate (%
Days)
100% 100% 100%
Wastewater Treatment Effectiveness
Rate (% Days)
100% 99% 100%
Capital Improvement Projects
Completion
100% 75% 100%
6/5/2018
48
Parking Fund: Debt Service
95
2016-17
Budget
2017-18
Mid-Year
2017-18
Supplemental
2018-19
Projected
2019-20
Projected
2020-21
Projected
2021-22
Marsh Expansion until Aug 2031 419,729 418,856 418,856 417,955 417,027 416,071 415,085
919 Palm until Jun 2036 539,899 538,755 538,755 539,803 540,275 540,162 539,320
Palm - Nipomo until Jun 2048 - -- - 1,086,023 1,454,105 1,454,105
Dispatch Ctr Upgrade until Jun 2039 9,759 9,761 9,761 9,700 4,200 4,200 4,200
Total Debt Service $969,387 $967,372 $967,372 $967,458 $2,047,525 $2,414,538 $2,412,710
Enterprise
Funds
Parking Fund: Revenue
96
2016-17 Budget
2017-18
Mid Year
2017-18
Supplement
2018-19
Projected
2019-20
Projected
2020-21
Projected
2021-22
Parking Meter Collections 1,763,118 1,788,500 1,939,500 2,093,800 2,075,600 2,408,500 2,408,500
Parking Structure Collections 1,336,165 1,489,500 1,658,900 1,798,100 1,798,100 2,245,700 2,509,700
Long Term Parking Revenue 810,487 795,000 890,800 1,032,600 1,138,200 1,279,400 1,279,400
Lease Revenue 486,256 502,900 500,500 500,600 500,600 500,600 505,000
Parking In-Lieu Fees (184,721) 20,400 20,200 20,200 20,200 20,200 20,200
Other Service Charges (95,558) (89,100) (113,100) (130,900) (130,900) (174,200) (174,200)
Total Service Charges 4,115,747 4,507,200 4,896,800 5,314,400 5,401,800 6,280,200 6,548,600
Fines and Forfeitures 530,644 587,300 616,500 634,900 634,900 634,900 634,900
Investment & Other Revenue 72,927 48,100 50,100 68,100 63,000 32,500 35,000
Total Revenues 4,719,318 5,142,600 5,563,400 6,017,400 6,099,700 6,947,600 7,218,500
Enterprise
Funds
6/5/2018
49
Parking Fund: Operating Services
97
2016-17
Budget
2017-18
Mid-Year
2017-18
Supplemental
2018-19
Projected
2019-20
Projected
2020-21
Projected
2021-22
Staffing 1,008,923 1,060,385 1,060,403 1,086,900 1,119,500 1,153,100 1,187,700
Retirement Contribution 109,781 61,300 61,330 68,800 76,900 94,600 104,400
Unfunded CalPERS Liabilities -157,700 157,652 171,800 193,300 207,500 222,300
Additional UAL Contribution - - - 328,400 - - -
Contract Services 600,146 694,500 969,794 693,700 714,500 735,900 758,000
Other Operating Expenses 267,576 241,200 242,162 244,100 251,400 258,900 266,700
Palm-Nipomo Exp. - - - - - 64,900 267,200
Total Parking Services $1,986,426 $2,215,085 $2,491,341 $2,593,700 $2,355,600 $2,514,900 $2,806,300
Enterprise
Funds