Belmont City Council
February 28, 2023

Assignment 2023-Council IGR Assignments for Calendar Year 2023 - Update - Staff Report

STAFF REPORT
Meeting Date: February 28, 2023
Agency: City of Belmont
Staff Contact: Jozi Plut, City Clerk/Communications Coordinator, [email protected], 650-595- 7414
Agenda Title: Council Intergovernmental Assignments for Calendar Year 2023-Update Agenda Action: Motion
Recommendation
Motion to approve changes to City Council Intergovernmental Assignments for calendar year 2023.

Strategic Focus Area
Fiscal and Organizational Sustainability
Background
City Councilmembers serve on various external agencies, organizations, and liaison roles. These roles include regional Intergovernmental Committees, Boards and Commissions, and as delegates to local organizations representing the City of Belmont or regional interests as appropriate. Additionally, Councilmembers also serve on several City subcommittees and liaison to internal or external bodies. These assignments are reviewed and modified annually following the reorganization of the Council and/or the swearing in of new Councilmembers.

Analysis
At its October 25, 2022, the City Council consider creating a Council Subcommittee to work with the Sequoia Union High School District (SUHSD) and City of San Carlos regarding the development of a School Crossing Guard Pilot Program at Carlmont High School. The Council Appointed Mayor Mates and former Councilmember Stone to engage with the agencies involved about their interested in pursuing the pilot project.

At its regular meeting on January 10, 2023, the Council updated the various assignments by consensus as individual Councilmembers expressed their interest, desire, and availability for the various agencies and committees.

At that time the Carlmont High School Crossing Guide Pilot Program Ad-Hoc Committee was not discussed or revisited, and interest has since been shown to reinstate the committee positions previously held by Mayor Mates and former Councilmember Stone.

The Council should review the list and determine what changes are to be made to the list. Additionally, the Council could also consider eliminating any subcommittees that are no longer active or necessary; likewise, it could add any additional subcommittees if appropriate. 134

Council IGR Assignments for Calendar Year 2023 - Update - Staff Report Alternatives

1. Defer to future meeting

2. Take no action
Attachments
A. 2023 IGR Assignment List
Fiscal Impact
☒ No Fiscal Impact
☐ Funding Source Confirmed:

Source: Purpose: Public Outreach:

Staff Discretionary Action Posting of Agenda
135
Committee Delegate/
Representative
Alternates Schedule Meeting
Location
Contact
2+2 Ad hoc Committee with
Mid-Peninsula Water District
McCune
Hurt
n/a As Needed Public Works
Director
2+2+2 BRSSD Committee
Multi agency committee to discuss/share
issues of interest between the Belmont
Redwood Shores School District, Redwood
City, and Belmont"
PangMaganaris
Latimerlo
n/a As Needed City Manager
Audit Committee Vice Mayor
PangMaganaris
Quarterly Finance Director
Belmont-SC Fire Dept JPA -
Oversight of the legacy Fire Department with
San Carlos
Mates McCune As Needed City
Manager/Finance
Director
Carlmont High School Crossing Guard Pilot
Program
(C/CAG)
C/CAG operates as a Joint Powers Authority
and has membership that includes each of
the 20 cities and the County in San Mateo
County. It works on issues that affect the
Hurt Mates Monthly
2nd Thursday,
7:00 p.m..
650-599-1406
Public Works
Director
Council Committee and Intergovernmental Assignments (IGR) 2023 Draft
136
quality of life in general; transportation, air
quality, stormwater runoff, airport/land use
compatibility planning, hazardous waste,
climate planning, energy and water resource
strategies, and solid waste and recycling.

Four Corners Ad-hoc Committee
Alameda de Las Pulgas Corridor Improvement
Project is a multi-agency regional
transportation improvement project
involving cities of Belmont, San Carlos, and
two School Districts (Sequoia Union High
School and San Carlos School District) along
the Alameda de Las Pulgas and San Carlos
Ave Corridor.

Mates
PangMaganaris
n/a As Needed City Manager
Public Works
Director
Liaison to Senior Citizen Advisory Committee McCune Hurt Odd Months 4th Tuesday,
3:00 P.M. (time
may change in
2023)
Twin Pines
Senior &
Community
Center
Craft Room
Parks and Rec
Liaison to Chamber San Mateo County –
Governmental Relations Committee
Mayor Latimerlo Every other
Month
Amy
Buckmaster/Mary
Parden
Notre Dame de Namur University
Advisory Board
Hurt Mates As Needed City Manager
Placemaking Ad-hoc Subcommittee Hurt
Mates
n/a As Needed Com Dev
Public Safety Committee –
The Public Safety Committee’s duties are to
consider policy matters related to police and
public safety services in Belmont, provide a
forum for presentation and discussion of
Vice Mayor Mates Quarterly/As
Needed
City
Manager/Police
Chief
137
specific information related to public safety
policy and practices.

Silicon Valley Clean Water
JPA for Wastewater Treatment
Hurt McCune Monthly,
2nd Monday,
8:00 a.m.

Public Works
Director
Stanford Ad-hoc Subcommittee -
Santa Clara/San Mateo Counties multijurisdictional meeting to discuss Stanford related matters
Mayor Hurt As Needed City Manager
Youth Advisory Committee -
Belmont Youth (grades 7-12) focused on civic
engagement through planning and hosting
activities and events.

McCune PangMaganarisYAC meetings 2x
Month Thursdays
6:30 pm; school
year only;
Delegate
attendance only
as needed
Barrett
Community
Center;
Hideout
Room
Parks and Rec
Joint Powers Authorities/Intergovernmental Agencies
San Mateo County Pre-Hospital Emergency
Services JPA –
The San Mateo County Pre-Hospital
Emergency Medical Services Group provides
service to the residents and visitors of San
Mateo County to advance life support first
response fire companies to respond to all 911
emergency medical requests, to work in
Hurt McCune Quarterly City Manager
138
tandem with hospital transport and support
partners.

Peninsula Traffic Congestion Relief Alliance
(Commute.org) –
Commute.org’s mission is to reduce the
number of vehicle miles traveled (VMT) by
commuters to decrease congestion, improve
the environment, and enhance quality of life.

The Board has five scheduled meetings each
year for the purpose of adopting a work plan
and budget, developing policy, and reviewing
Commute.org performance.

Latimerlo Hurt Even months
3rd Thursday,
8 am
Public Works Director
ABAG General Assembly -
Regional planning agency for land use,
housing, environmental quality, and economic
development- Association of Bay Area
Governments, mission is to strengthen
cooperation and collaboration across local
governments to build healthier, stronger
communities.
-ABAG is part regional planning agency and
part local government service provider. We
accomplish our goals by providing planning
services and cost-effective ABAG member
services to local governments struggling with
rising costs and diminishing incomes
Mayor Vice
Mayor
April,
November
General
Assembly
Meetings
Peninsula Division, League of CA Cities -
State and local legislative issues
(All Councilmembers invited)- The Peninsula
Division includes 36 cities in San Francisco, San
Mateo, and Santa Clara counties and provides
Mayor Vice
Mayor
Quarterly
dinner
meetings
League of CA Cities
139
members with the opportunity to exchange
ideas and information and share the
advantages of cooperative advocacy.

San Mateo County Mosquito and Vector
Control District -
Independent Special District, the Board of
Trustees consists of 21 members, one from
each city and one representative for the
County at-large. Trustees are appointed by
their respective City Council to govern the
Mosquito and Vector Control District
Citizen
Representative:

Chuck Cotton
Term expires
12/24
n/a Monthly 2nd
Tuesday, 7:30
pm
650-344-8592
San Mateo County Library JPA -
Policy direction, oversee budget, services &
library programs for the JPA related library
system
Mates PangMaganaris Quarterly plus
one
2nd Monday,
8:00 A.M.

Ann-Marie Despaine,
Library Director
SFO Roundtable -
The Airport/Community Roundtable was
established in 1981 to address community
noise impacts from aircraft operations at San
Francisco International Airport (SFO).

PangMaganarisHurt 1st
Wednesday of
Month
6 x yr., 7:00
p.m.

James Castaneda
(650) 363-1853
San Mateo County Emergency Service
CouncilDisaster Preparedness
McCune Hurt Quarterly
3rd Thursday,
5:30 p.m.,
Courthouse
Lt. Craig Denton
(650) 599-1295
Kathleen Pape (650)
363-4790
San Mateo County
Council of Cities/City Selection Committee -
(All Councilmembers invited)
Mayor Vice
Mayor
MonthlyDinner
meeting
4th Friday,
6:00 p.m.

Sukhmani Purewal
650) 363-1802
[email protected]
Regional Housing Needs Policy Committee Latimerlo Hurt As Needed Carlos de Melo C/CAG
140
Sean Charpentier
(650)-599-1409
Housing and Regional Trust (HEART) Member
Agency Committee –
HEART is a 501(c)(3) that was founded in 2003
as a public/private partnership among the
cities in San Mateo County, the County, and
the business, nonprofit, education, and labor
communities to create more affordable
housing in San Mateo County. HEART’s
mission is to create and preserve affordable
housing for low- and moderate-income
families by raising and investing money from
public and private sources.

Latimerlo PangMaganaris2-3 annually,
3rd Wed, 7:30
a.m.

HEART Exec Director,
(650) 204-5640
Grand Boulevard –
The Grand Boulevard is a collaboration of 19
cities, counties, local and regional agencies
united to improve the performance, safety,
and aesthetics of El Camino Real. The initiative
brings together all the agencies having
responsibility for the condition, use and
performance of the street.

Mates PangMaganaris2-3 times
annually
Carlos de Melo
Caltrain Local Policy Maker Group (LPMG) –
LMPG provides policy and stakeholder input to
Caltrain staff on the Caltrain Modernization
Program (CalMod), and Business Plan.

McCune Hurt Last Thurs of
Month
6-8 pm
(650) 508-6493
SBWMA (South Bay Waste Management
Authority – “RethinkWaste”) -
RethinkWaste, also known as the South
Bayside Waste Management Authority
(SBWMA), is a joint powers authority formed
McCune Hurt 4th Thursdays,
2:00 p.m., San
Carlos
Public Works Director
141
by eleven local government jurisdictions in San
Mateo County. California. The agency provides
oversight, support and management of service
providers that collect, process, recycle and
dispose of materials on behalf of
RethinkWaste agencies.

Peninsula Clean Energy (PCE) -
Peninsula Clean Energy is a communitycontrolled, not-for-profit, joint powers agency formed as a Community Choice Aggregation
(CCA) program by San Mateo County and all 20
of its cities and towns in 2016 and joined by
the City of Los Banos in 2020.

Mates Hurt 4th Thursdays
6:30 p.m.

City Manager
Home For All Initiative -
The mission of Home for All initiative is to
establish a climate in San Mateo County where
a diversity of housing is produced and
preserved so that San Mateo County is a
culturally, generationally, and economically
diverse community with housing for all. Home
for All SMC is a collaborative initiative
comprised of the County of San Mateo, local
governments, school districts, communitybased organizations, faith-based organizations, advocacy groups and businesses.

Mates Latimerlo As Needed City Manager
San Mateo Consolidated Fire Department -
established January 2019 The department was
formed by the establishment of a Joint Powers
Authority (JPA) and represents the merger of
fire departments in San Mateo, Foster City,
and Belmont. The Board of Directors for the
Mates McCune Quarterly City Manager
142
Department is comprised of a Council member
from each partner city.

THESE APPOINTMENTS ARE MADE BY THE CITY SELECTION COMMITTEE (Council of Cities):

Association of Bay Area Governments
Regional planning agency for land use, housing,
environmental quality, and economic
development
Local Agency Formation Commission
(LAFCO)
Authority over all reorganizations &
boundary changes within County
Bay Area Air Quality Management
District
Works to reduce air contaminants within
the District
Metropolitan Transportation Commission
(MTC)
Reviews applications for state & federal
transportation funds, maintains regional
transportation plan for Bay Area
California Identification System (Cal-ID)
Determine the placement of RandomAccess Network equipment within the County
Peninsula Corridor Joint Powers Board
(Caltrain)
Set policy for operation of Peninsula
Commute Service
Community Development Committee Supplemental Law Enforcement Oversight Committee
Review Supplemental Law Enforcement
Service Fund expenditures
Domestic Violence Council
Evaluate efforts to reduce domestic
violence, raise public awareness and
collect statistics
San Mateo County Transit District (SamTrans) San Mateo County Transportation Authority (SAMTAC)
HEART (Housing Endowment and
Regional Trust) Board
THESE APPOINTMENTS ARE MADE THROUGH C/CAG:
2020 Peninsula Gateway Corridor Airport Land Use Committee (ALUC) Bicycle and Pedestrian Advisory Committee (BPAC)
Congestion Management Program and
Environmental Quality Committee (CMEQ)
Congestion Management Program
Technical Advisory Committee (TAC)
National Pollutant Discharge Elimination
Technical Advisory Committee (NPDES) -
Integrated Waste management (SWAC) Utilities Sustainability Task Force (USTF) 143

Commission Appointments 2023 Appointment to City Planning and Parks and Recreation Commissions - Staff Report

STAFF REPORT
Meeting Date: February 28, 2023
Agency: City of Belmont
Staff Contact: Jozi Plut, City Clerk, [email protected], 650-595-7414 Agenda Title: Appointment to City Commissions and Committee Agenda Action: Resolution
Recommendation
(1) Appoint at least two residents to the Planning Commission; (2) Appoint at least two residents as voting members and up to two non-voting youth members to the Parks and Recreation Commission;
(3) Consider appointing one resident to the Measure I Committee.

Strategic Focus Area
Fiscal and Organizational Sustainability
Background
The City of Belmont has two Commissions, and a Committee. During the Months of November 2022 to January 2023, the City of Belmont held an open recruitment for applicants to fill open positions on the Planning and Parks and Recreation Commissions and Measure I Committee. Each Commission and Committee is charged with advising the City Council on policy matters and completing assignments as directed by the City Council. Some bodies like the Planning Commission have a regulatory role.

The Planning Commission is a regulatory body and a quasi-judicial body. The Commission makes land use decisions for the City based on the City’s General Plan and other focused regulations, such as the Zoning Ordinance the Belmont Village Specific Plan (BVSP) and area plans.

Presently up to 10 commission seats are potentially available, up to four on the Planning Commission and up to six on the Parks and Recreation Commission (including 2 non-noting youth seats). Measure I Committee has one seat available. The Council may choose to fill five or seven seat on the commissions. Appointments periods are at the Council’s discretion and are typically for three years. If a seat becomes vacant due to an incumbent resigning mid-term, the council may appoint a replacement for the remainder of the appointment period or for a different period. Replacement appointments have typically been for the remainder of the previous appointment period.

The Planning Commission currently has five members, two of which have reached the end of their appointment periods. To maintain a minimum of five members under Belmont City Code Section 2-166(a)(1), the Council needs to make two appointments which may be for the typical three-year appointment period. The Council may choose to appoint two additional members for a total of seven, and if the Council so chooses, one appointment period should be through February 2024 and the other through either February 2025 to maintain evenly distributed staggered appointment periods..
144

Commission Appointments 2023 Appointment to City Planning and Parks and Recreation Commissions - Staff Report The Parks and Recreation Commission currently has six voting members, three of which have reached the end of their appointment periods. To maintain a minimum of five voting members under Belmont City Code Section 2-166(b)(1), the Council needs to make two appointments which may be for the typical 2-year appointment period under Belmont City Code Section 2-166(b)(2). The Council may choose to appoint an addition two voting members for a total of seven, and if the Council so chooses, one appointment period should be two years through February 2025 and the other may be either two years through February 2025 or one year through February 2024 to maintain evenly distributed staggered appointment periods.

Additionally, in late fall 2022 a member of the Measure I Committee resigned prior to his appointment period ending in October 2023. The Committee now has four members whose appointment periods end in October 2023. Although only three members are required for the Measure I Committee under Belmont City Code Section 2-166(c), the Council may wish to appoint a fifth member at this time to void the potential for tie votes.

In order to stagger the appointment periods, the Council may wish to consider making the appointment through either October 2024 or October 2025.

Analysis
The City Council held panel interviews of commission and committee applicants for consideration of the available positions. The applicants are as follows for each body:

Planning Commission Applicants
Joanna Adamkewicz
Sven Edlund
Jennifer Hennings
Surya Singh
Walter Chen
Mark Gurevich
Peter Meier (I)*
Parks and Recreation Commission Applicants
Adar Emken
Nicki Fox (I)*
Rupa Guha
Scott Hill
Linda Howard
Avery Lyford (I)*
Craig Michaels (I)*
Warren Nishikawa
Trena Patton
Kristin Pene
Pat Cuviello
Non-Voting (youth) Parks and Recreation Applicants
Alexander Adamek
Edward Kogan (I)*
Aiden Lee
Rowen Sheng
Measure I Committee
John Violet
Council may appoint a minimum of five positions and maximum of seven on each commission, plus two non-voting youth seats for the Parks & Recreation Commission. *(I) – Incumbent
145

Commission Appointments 2023 Appointment to City Planning and Parks and Recreation Commissions - Staff Report Alternatives

1. Council may direct staff to reopen recruitment to seek additional candidates Attachments
A. Resolution
Fiscal Impact
☒ No Fiscal Impact
☐ Funding Source Confirmed:

Source: Purpose: Public Outreach:

Staff Statutory/Contractual Requirement Posting of Agenda 146

RESOLUTION NO. 2023 –

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BELMONT MAKING

APPOINTMENTS TO THE PLANNING AND PARKS & RECREATION

COMMISSIONS AND ONE MEASURE I COMMITTEE VACANT SEAT
WHEREAS, the City held open recruitment for positions on the City’s Planning and Parks and Recreation Commissions and Measure I Committee; and, WHEREAS, the City Council conducted interviews of the applicants; and, NOW, THEREFORE, the City Council of the City of Belmont resolves as follows:

SECTION 1. The following residents are appointed to the Planning Commission for a three-year appointment period through February 2026.
______________________________
SECTION 2. The following residents are appointed to the Planning Commission for a two-year appointment period through February 2025.
________________________________

SECTION 3. The following residents are appointed as voting members of the Belmont Parks & Recreation Commission for a two-year appointment period through February 2025. ________________________________
SECTION 4. The following residents are appointed as non-voting youth members of the Belmont Parks & Recreation Commission for a one-year appointment period through February 2024.
________________________________
SECTION 5. The following residents are appointed to the Measure I Committee for an appointment period through October 2023.

________________________________
***
147

ADOPTED February 28, 2023 by the City of Belmont City Council by the following vote:

Ayes:

Noes:

Absent:

Abstain:

ATTEST:

City Clerk Mayor
APPROVED AS TO FORM:

City Attorney
148

Mid-Year Budget Review

STAFF REPORT
Meeting Date: February 28, 2023
Agency: City of Belmont
Staff Contact: Grace Castaneda, Finance Director, [email protected] Jennifer Rose, Housing & Economic Development Manager, [email protected] Agenda Title: Report on Mid-Year Financial Results as of December 31, 2022 Agenda Action: Resolution
Recommendation
Adopt resolutions amending the City of Belmont and Belmont Fire Protection District (BFPD) Fiscal Year (FY) 2023 Budgets.

Strategic Focus Area
Fiscal and Organizational Sustainability
Executive Summary
 The budget continues to reflect COVID-19 fiscal recovery and the ongoing takeaway of key revenue sources as a result of actions taken by the State of California.  Final dissolution of the Belmont Successor Agency occurred in June 2022, resulting in a shift of certain property tax revenues. Secured property taxes are higher than FY 2023 budget for both the City and BFPD based on actuals and County estimates.
 Property tax in-lieu of vehicle license fee (VLF) continues to be underfunded by the State; however, in FY 2023 the City received a reimbursement for VLF shortfall from FY 2021, resulting in increased revenues in FY 2023. Belmont’s anticipated shortfall for FY 2023 is still expected to be $200,000, and this is the first time the VLF shortfall claim amount has not been included in the State’s proposed budget making this major revenue source increasingly vulnerable to long-term State takeaways.
 Sales tax revenues, including Measure I, are slightly exceeding FY 2023 budget estimates, but long-term projections indicate reduced economic growth during the next few years.  General Fund balance is trending higher than the FY 2023 Budget target, attributable to several recovering revenue sources and continued staff vacancy savings in the current fiscal year. Staff vacancies are not sustainable long-term.
 The City has been working to prepare a Storm Water Master Plan to identify critical storm drain infrastructure needs, but as we have seen with this year’s most recent devastating flooding and storms the City must explore new revenue sources to address aging sewer and storm drain infrastructure maintenance to prepare for future storms and reduce flooding.  The City must take action to ensure long-term financial sustainability and local control over revenue sources to prevent further cuts to City Services including cuts to public safety, parks and public works and other City services.
149

Mid-Year Budget Review
Analysis
The City prepares a Mid-Year Review annually, analyzing the current budget at the six-month midpoint.

The Mid-Year Review serves to discuss the financial results of the organization from July through December, and suggests corrective actions in the event expectations differ from results. This year’s MidYear Review includes the following components.

Mid-Year Budget Presentation
The attached presentation summarizes year-to-date financial results, trends on major revenue sources, fund balance forecasts, and an overview of financial challenges facing the City.

As is the Belmont tradition, the City has continuously engaged with residents through Your Voice, Your Belmont. Last year, over 1,000 residents participated in this community survey and identified the following City service priorities:
 Maintaining storm drains, reducing flooding, debris and pollution in City streets,  Fixing potholes and repairing streets and sidewalks,
 Maintaining 911 emergency response times,
 Keeping public areas healthy safe and clean, and
 Maintaining senior services including health, nutrition and transportation programs.

The City is committed to reflecting the community’s priorities and is looking forward to continuing to engage residents around the City’s budget process and reporting back to the public and City Council on needs and priorities. Working together, we will ensure our budget and financial policies reflect spending consistent with the community’s priorities.

Results Summary Overview
 General Fund balance is up. The General Fund ended December 31, 2022 with a fund balance of $26.5 million, excluding budgeted fund transfers of $4.4 million, which will be accounted for at the end of the fiscal year. By comparison, the General Fund balance was $16.4 million at December 31, 2021, excluding fund transfers. The fund balance increase is a result of higher revenues and lower expenditures in the current fiscal year, as discussed in more detail below.  Like many California cities, revenues are slowly recovering. General Fund revenues were $19.6 million at the six-month midpoint, representing 63% of the total current fiscal year budget. The revenue increase is primarily due to receipt of one-time American Rescue Plan Act (ARPA) funds, reimbursement of FY 2021 Property Tax in-lieu of Vehicle License Fee (VLF) funds, and Transient Occupancy Tax (TOT) recovery.
 General Fund expenditures are contained but are not sustainable. General Fund expenditures were $11.1 million at the mid-year mark, representing 39% of the total current fiscal year budget.

This is mainly due to staffing vacancy savings which are not sustainable in the long-term. While the City continues to be a transparent and fiscally prudent steward of these funds, it should also be noted that the cost of providing the City services and quality of life residents rely on are also rising. 150

Mid-Year Budget Review
Major Revenue Source Trends
 Property Tax revenue is up. The Belmont Successor Agency was fully dissolved in June 2022, resulting in a shift of certain property tax revenues. In FY 2023, the City’s property tax revenue is estimated to be $600,000 higher than budget, and the Belmont Fire Protection District’s property tax is estimated to be $1.5 million higher than budget.  Property Tax In-lieu of VLF is higher than budget estimates. Property tax in-lieu of VLF continues to be underfunded by the State. In FY 2023 the City received a $1.5 million reimbursement for a VLF shortfall from FY 2021, resulting in increased revenues for the current fiscal year. Due to the shift of a local school district to non-basic aid, the current County estimates of VLF payments are higher than budget. This one-time reimbursement does not make the City whole on VLF funding for FY 2022 or 2023. Due to the shift of a local school district to non-basic aid, the current County estimate of VLF payments are higher than budget; however, a shortfall remains. Furthermore, this is the first year that the VLF shortfall claim amount has not been included in the State’s proposed budget. Belmont’s anticipated shortfall for FY 2023 is expected to be $200,000, which has potential impacts to basic services such as public safety, streets and storm drains maintenance.
 Hotel Room Tax revenue is rebounding. By December 31, 2022, Hotel Room Tax (i.e., Transient Occupancy Tax) revenue was approaching pre-pandemic levels, with FY 2023 revenues projected to be $800,000 higher than budget. The City anticipates this revenue source will continue to rise for the second half of the fiscal year due to the voter-approved two percentage point (from 12% to 14%) increase in the TOT rate, effective January 1, 2023.  Sales Tax revenue is slightly up. Sales Tax Revenues, including Measures I/A/W and Public Safety, are trending $300,000 higher than current FY 2023 budget. While current year estimates are up, long-term projections indicate reduced economic growth during the next several years.

Financial Reports and Budget Adjustments
The Mid-Year Review analyzes actual results compared to the prior fiscal year while addressing any significant past or anticipated variances this fiscal year. To assist in this analysis, staff generates a detailed Statement of Revenues and Expenditures Budget Variance Report (Attachment B). This report compares budget amounts vs. actual results by major revenue source and expenditure division.  Routine adjustments to budget revenues include variances associated with the timing of the receipt of certain General Fund revenues and variances associated with the timing of the receipt for fees related to large development projects expected to be completed by the end of the fiscal year.  Routine adjustments to budget expenditures reflect operational and staffing needs for departments and timing of capital improvement project expenditures.

The following are notable FY 2023 budget adjustments.
 The FY 2023 mid-year budget review includes a request to transfer $115,320 from the Traffic Impact Fees Fund 237 to Fund 234 to provide funding for a new enhanced HAWK pedestrian crossing at Hill Street and El Camino Real (capital improvement project #3232). There are adequate traffic impact fee funds available for this purpose, and the attached resolution authorizes this fund transfer for the FY 2023 budget.
151

Mid-Year Budget Review
 The FY 2023 mid-year budget review includes a request to transfer $331,000 from Measure W Fund 233 to Street Improvement Fund 234 to provide funding for the Ralston Segment 3 (project #3223). Measure W project reimbursements are received in Fund 233 but must be transferred to Fund 234 where project expenditures are booked.
 The FY 2023 mid-year budget review includes two requests to appropriate budget authority in the Development Services Fund 210 and the General Plan Maintenance Fund 212. These budget increases would provide full contract budget authority for new consultants working on the Harbor Industrial Area Specific Plan--an update of the General Plan Safety Element--and other major development projects; several of these contracts have already been approved by City Council.

While full contract budget authority is required for FY 2023, actual expenditures are projected to occur over the next several fiscal years.
 The FY 2023 mid-year review includes a staffing plan amendment to add 1.0 FTE Management Analyst to Human Resources to support benefits administration, recruitment, and training.  The FY 2023 mid-year budget review includes several adjustments to existing capital improvement project budgets, as well as creation of new projects, as summarized below.

Fund No. CIP Project Description Request
102 3120 Davey Glen ADA
Upgrades Project
FY 2023 budget appropriation of $101,000
requested, resulting in total project budget
$574,494. This corrects and supersedes Council
Resolution No. 2023-012.
234 3227 2022 Pavement
Preservation/Slurry
Increase of $541,000 to cover increased project
costs; contract approved by Council in May
2022.
234 3231 Traffic Signal Improvements
at Cipriani Road & Belmont
Canyon Road
Increase of $52,000 to cover increased project
costs per scope of work.
234 3232 New Project: Hill Street &
El Camino Real HAWK
Pedestrian Crossing Signal
New FY 2023 Budget $115,320 to cover
contract approved by Council Feb. 14, 2023,
and $115,320 transfer from Traffic Impact Fees
Fund 237 to Street Improvement Fund 234.
310 6025 Twin Pines Park
Stormwater Capture Project
Increase of $85,070 to provide funding for
archeological and cultural resources testing and
report.
342 8101 Hallmark Tennis
Court Windscreen
Increase of $10,500 to Project Budget for
windscreen installation.
342 8102 Alexander Tennis
Court Windscreen
Increase of $10,000 to Project Budget for
windscreen installation.
343 8096 Open Space
Management Plan
Increase of $47,810 to cover WRA Inc contract
for open space management plan.
574 8080 New Project: Lodge
HVAC & Roof Repair
New Project Budget $50,000 for HVAC
maintenance and storm related roof repairs.
152

Mid-Year Budget Review
Proposed Resolutions
Staff recommends that Council adopt resolutions amending the City of Belmont and Belmont Fire Protection District (BFPD) FY 2023 Budgets as proposed. These mid-year resolutions are considered annually as part of the budget management process.

Next Steps
Once the Mid-Year Budget Review is complete, City staff will continue to provide monthly financial reports to City Council. Feedback from Council on the results of the Mid-Year Financial Reports and Presentation will help guide the budget development process for FY 2024. The City will also continue to engage residents on their City service needs and priorities and incorporate those into the annual budget development process.

Alternatives

1. Take no action.

Attachments
A. Resolutions with Exhibit A Summarizing Proposed Budget Amendments by Fund B. Mid-Year Financial Reports
C. Mid-Year Budget Presentation
Fiscal Impact
☐ No Fiscal Impact
☒ Funding Source Confirmed: The resolutions attached to this report itemize the fiscal impacts by fund.

Source: Purpose: Public Outreach:

Staff Discretionary Action Posting of Agenda
153

RESOLUTION NO. 2023 –

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BELMONT AMENDING THE FISCAL YEAR 2023 BUDGET BY APPROVING REVISIONS TO

REVENUE AND AUTHORIZING SUPPLEMENTAL APPROPRIATIONS
WHEREAS, the City of Belmont Fiscal Year (FY) 2023 Budget includes adopted Revenue, Appropriations, and Capital Improvement Program Budgets; and, WHEREAS, the City continues to address the fiscal impacts of the COVID-19 pandemic and the ongoing takeaway of a key revenue source by the State of California; and, WHEREAS, the City continues to engage residents around the City’s budget process and engaged over 1,000 residents last year that identified City service priorities including maintaining storm drains, reducing flooding, debris and pollution in City streets, fixing potholes and repairing streets and sidewalks, maintaining 911 emergency response times, keeping public areas healthy safe and clean, and maintaining senior services including health, nutrition and transportation programs; and,
WHEREAS, property tax in-lieu of vehicle license fee (“VLF”) continues to be underfunded by the State, and for the first time ever the State did not include a VLF shortfall claim in the State’s proposed January budget, resulting in an estimated loss of revenue to the City of Belmont; and,
WHEREAS, the FY 2023 transient occupancy tax (“hotel tax”) revenues are projected to be slightly higher than budgeted in part because of a Belmont voter approved two-percent increase to the hotel tax that went into effect in January 2023; and, WHEREAS, final dissolution of the Belmont Successor Agency occurred in June 2022, resulting in a shift of certain property taxes and an increase in secured property tax in FY 2023; and,
WHEREAS, several key General Fund revenues are trending above conservative yearto-date budget estimates, including general sales tax and Measure I sales tax, but economic indicators suggest slow economic growth over the next several fiscal years; and, WHEREAS, the City Council finds that it is necessary to amend the FY 2023 Revenue Budget, and increase the estimated fund balance, as identified in Exhibit A; and, WHEREAS, the City has determined that additional funding is required for certain operational expenditures identified in Exhibit A; and,
WHEREAS, the City Council finds that it is necessary to augment the FY 2023 budget for those expenditures; and,
WHEREAS, the City Council wishes to add one permanent Management Analyst full time employee (1.0 FTE) position to the Human Resources staffing plan to support benefits administration, recruitment and training; this action does not require a budget appropriation due 154

to current department vacancies; and,
WHEREAS, the City Council wishes to amend the FY 2023 Capital Improvement Plan to adjust several existing capital project budgets, and to create several new projects.

NOW, THEREFORE, the City Council of the City of Belmont resolves as follows:

SECTION 1. The FY 2023 Budget is hereby amended as reflected in Exhibit A to the resolution.

SECTION 2. The summary effect on funds is shown in the table below.

Summary Combined Effect on Funds
Fund Description
Revenues
Increase
(Decrease)
Expenditures
Increase
(Decrease)
Net Change on
Fund Balance
Increase
(Decrease)
101 General Fund $3,777,000 $105,000 $3,672,000
102 Measure I $100,000 $101,000 $(1,000)
205 Co-Sponsored Recreation $(409,134) $409,134
210 Development Services $500,000 $(500,000)
212 General Plan Maintenance $790,000 $(790,000)
227 Supplemental Law Enforcement $10,000 $15,000 $(5,000) 231 Street Maintenance $50,000 $80,000 $(30,000)
233 Measure W $331,000 $331,000
234 Street Improvement $446,320 $708,320 $(262,000)
237 Traffic Impact Fees $115,320 $(115,320)
239 Public Art Fees $(314,000) $(314,000)
275 Affordable Housing Fund $(1,000,000) $(2,140,000) $1,140,000 277 Housing In-Lieu Fees $(790,000) $(165,000) $(625,000) 310 Infrastructure $225,000 $175,070 $49,930
342 Park Impact Fees $(2,530,000) $20,500 $(2,550,500)
343 Open Space $47,810 $(47,810)
570 Worker's Compensation $23,225 $(23,225)
573 Fleet & Equipment Management $25,000 $(25,000)
574 Facilities Management $11,965 $225,000 $(213,035)
575 Benefit Prefunding $120,000 $(120,000)
155

SECTION 3. The City’s Permanent Staffing Plan is increased by 1.0 full time employee (FTE), for a total of 141.5 full time equivalent positions for FY 2023, intended to add one permanent full time Management Analyst to Human Resources to support benefits administration, recruitment, and training. The City Manager, subject to compliance with all applicable City Code and Personnel Rules and Regulations, may revise the Permanent Staffing Plan provided that the total number of full-time, regular personnel citywide does not exceed the total number of authorized positions approved by the City Council.

SECTION 4. The City’s Capital Improvement Plan is amended to include the following project adjustments and new capital projects:

Fund No. CIP Project Description FY 2023 Budget
Adjustment
102 3120 Davey Glen ADA Upgrades Project Expense $101,000 234 3227 2022 Pavement Preservation/Slurry Expense $541,000 234 3231 Traffic Signal Improvements at Cipriani Road
and Belmont Canyon Road
Expense $52,000
234 3232 New Project: Hill Street and El Camino Real
HAWK Pedestrian Crossing Signal
Expense $115,320
Revenue $115,320
transfer from Fund 237
Traffic Impact Fees
310 6025 Twin Pines Park Stormwater Capture Project Expense $85,070 574 8080 New Project: Lodge HVAC & Roof Repair Expense $50,000 342 8101 Hallmark Tennis Court Windscreen Expense $10,500 342 8102 Alexander Tennis Court Windscreen Expense $10,000 343 8096 Open Space Management Plan Expense $47,810
SECTION 5. The City Council authorizes a transfer of $115,320 from the Traffic Impact Fees Fund 237 to Fund 234 to provide funding for a new enhanced HAWK pedestrian crossing at Hill Street and El Camino Real, Capital Improvement Project No. 3232.

SECTION 6. The City Council authorizes a transfer of $331,000 from Measure W Fund 233 to Street Improvement Fund 234 to provide funding for the Ralston Segment 3 Project No. 3223.
156

* * *
ADOPTED February 28, 2023 by the City of Belmont City Council by the following vote:

Ayes:

Noes:

Absent:

Abstain:

ATTEST:

City Clerk Mayor
APPROVED AS TO FORM:

City Attorney
157

EXHIBIT A
City of Belmont
Mid‐Year Budget Augmentations
Ref # Fund Account # Description
Amount Increase
(Decrease)
101 0‐000‐6101 Forecasted increase in property tax based on County estimates and reflecting post Successor Agency dissolution $600,000
101 0‐000‐6110 Increased Excess ERAF based on actual revenues and County estimate $150,000 101 0‐000‐6111 Increased VLF in‐lieu revenues based on County estimates to reflect reimbursement of FY 2020‐21 shortfall $1,840,000
101 0‐000‐6121 Forecasted increase in Sales and Use Tax based on current trends and updated projection $200,000
101 0‐000‐6125 Forecasted increase in Transient Occupancy Tax based on business recovery and voter approved TOT increase effective January 2023 $800,000 101 0‐000‐6129 Decreased property transfer tax based on current property sales trends ($200,000) 101 0‐000‐7111 Increased to reflect increased LAIF interest revenue $200,000 101 0‐000‐7124 Increased office lease revenue to reflect revised office rent amount $40,000 101 0‐000‐7252 Reflects several one time reimbursement payments $25,000 101 1‐501‐6201 Increased projection based on year to date actual revenues for Business License Taxes $50,000
101 4‐811‐7199 Reduced to reflect correct monthly reantl amounts ($21,000) 275 5‐902‐7051 Reduced to reflecting timing of Firehouse Square Phase‐2 project close in prior fiscal year
($1,000,000)
277 5‐902‐6996 Reduce to reflect timing of housing in‐lieu fee collection for Firehouse Square Phase‐2 Project ($790,000)
101 2‐601‐6315 Increase to reflect fire deployment reimbursements $45,000 101 2‐601‐6332 Increase to reflect Police Officer Standards Training Reimbursements $18,000 101 2‐601‐6621 Increase to reflect overtime service revenues for special events and San Mateo County narcotics task force reimbursements $30,000
227 1‐601‐6333 Increased Supplemental Law Enforcement revenue allocation $10,000 102 3‐730‐6122 Forecasted increase in Measure I Sales Tax based on current trends $100,000 231 3‐750‐6323 Increased projection of highway user taxes (HUT) based on State Department of FInance revenue projections. $30,000
231 3‐750‐6325 Increased projection of highway user taxes (HUT) based on State Department of FInance revenue projections. $20,000
233 3‐730‐6362 Increased for Additional County Grants Measure W Reimbursements related to Ralston Segment 3 Project. $331,000
234 1‐504‐7620 Transfer from Measure W reimbursements to Street Improvements for Ralston Segment 3 Project. $331,000
FY 2023
Revenues
Community Development
Finance
Police
Public Works
1 158

EXHIBIT A
City of Belmont
Mid‐Year Budget Augmentations
Ref # Fund Account # Description
Amount Increase
(Decrease)
FY 2023
Revenues
234 1‐504‐7621 Transfer from Traffic Impact Fees Fund 237 for CIP Project No. 3232 Hill Street and El Camino Real HAWK Pedestrian Crossing Signal $115,320 310 3‐760‐6380
Increased to reflect San Mateo County and City of San Carlos matching contributions ($112,000 each) for the Belmont Creek Watershed Restoration Project No. 3218. $225,000
239 4‐810‐6999 Reduced Public Art Revenue to reflect timing of development project building permit issuance ($314,000)
342 4‐810‐6997 Reduced Park Impact Fees to reflect timing of development project building permit issuance ($2,530,000)
574 0‐000‐6412 Increased to reflect updated building maintenance cost allocation $11,965 TOTAL REVENUE ADJUSTMENT $317,285
Revenues
Parks and Recreation
2 159

EXHIBIT A
City of Belmont
FY 2023
Mid‐Year Budget Augmentations
Ref # Fund Account # Description
Amount Increase
(Decrease)
275 5‐902‐8322 Added budget to cover legal services related to Housing Element adoption $10,000 275 5‐902‐8351
Increased to provide funding for City Council authorized realtor and closing costs for sale of housing properties, and to provide funding for housing property demolition and cleanup, per City Council contract approval 2/24/2023 $185,000
275 5‐902‐8589 Reduced to reflect timing of affordable housing fund contributions based on development project timing ($2,335,000)
277 5‐902‐8589 Reduced to reflect timing of affordable housing fund contributions based on development project timing ($165,000)
570 5‐503‐8310 Increase to correct administrative services allocation $23,225 575 5‐503‐8519 Increase to reflect pay‐go costs for OPEB funding $120,000 101 1‐602‐8111 Increase overtime for contract assignments, special events, storm management, matching revenue
$20,000
227 1‐601‐8112 Increase overtime for contract assignments, special events, storm management, matching revenue
$15,000
231 3‐750‐8101
Increase to fund for previously frozen maintenance worker position, filled during FY23 $80,000
233 1‐504‐9607 Transfer to Street Improvements from Measure W for Ralston Segment 3 Project. $331,000 310 3‐760‐9040
Increase $90k to fund the purchase of Grant Funded
Generators and Radios (Grant Revenue Recvd in FY22) (9030??) $90,000 310 3‐760‐9030 Increased budget for Twin Pines Park Stormwater Capture Project 6025, for Archeological and Cultural Resourses Testing and Report $85,070 573 3‐740‐8641 Increase for unanticipated fleet equipment repair and maintenance costs $25,000 234 3‐730‐9030 Increase budget for 2022 Pavement Preservation and Slurry Project to cover increased project costs consistent with contract approved by Council in May 2022 $541,000
234 3‐730‐9030 Increased budget for Traffic Signal Improvements at Cipriani Road and Belmont Canyon Road Project to cover increased project costs per scope of work $52,000
234 3‐730‐9030
New Project Budget for Hill Street and El Camino Real HAWK Pedestrian Crossing Signal to cover design costs approved by COuncil Feb 14. 2023 $115,320 102 3‐730‐9030
Adjust Davey Glen ADA Upgrades Project budget to supercede action taken by Council on Feb. 14, 2023 to reflect total proposed project budget is $574,494; FY 2023 budget appropriation of $101,000 requested
$101,000
Public Works
Expenditures
Finance
Police
1 160

EXHIBIT A
City of Belmont
FY 2023
Mid‐Year Budget Augmentations
Ref # Fund Account # Description
Amount Increase
(Decrease)
Expenditures
237 1‐504‐9607 Transfer to Street Improvements Fund 234 for new CIP Project No. 3232 Hill Street and El Camino Real HAWK Pedestrian Crossing Signal $115,320 205 4‐820‐8101 Increased to reflect new hire at salary step above original budget $43,000 205 4‐820‐8103 Increase to cover costs for temporary part time staff includung training and minimum wage increase $10,000
205 4‐820‐8309 Reduce to correct administrative services allocation ($474,134) 205 4‐820‐8351 Increased costs for consulting recreation staff $10,000 205 4‐820‐8531 Increased postage costs for recreation materials $2,000 342 4‐810‐9030
Added Budget for CIP Project No. 8101 Hallmark Tennis Court Windscreen, and CIP Project No. 8102 Alexander Tennis Court Windsceen $20,500 343 4‐810‐9030
Added Budget for CIP Project 8096 Open Space Managment Plan to cover contract with WRA Inc. $47,810
574 4‐803‐8103
Increased to reflect new building attendant, and promoting building attendant to recreation specialist in FY 2023 $65,000
574 4‐803‐8430
Increase to cover costs of HVAC repairs a Belmont Sports Complex, and storm related ceiling and roof repairs at the Manor Building and Senior Center, some of which will be eligible for FEMA reimbursement.
$40,000
574 4‐803‐8632 Increase to reflect allocation of gas and electricity costs $70,000 574 4‐803‐9030 Increased costs for new Capital Project No. 8080 Twin Pines Lodge HVAC Replacement $50,000 101 1‐121‐8101
Increase for labor costs per Employment Agreement adopted by City Council in November 2022 $50,000
101 1‐114‐8101
Increased for labor costs per new employment agreement for City Clerk and Community Engagement Specialist approved by CC in November $25,000 101 1‐202‐8540 Increase for November 2022 election and advertising costs $10,000 210 5‐905‐8366
Increased to provide full contract budget authority for applicant funded environmental review of several large development projects; actual expenditures expected to occurr across multiple fiscal years
$500,000
Parks and Recreation
Information Technology
City Attorney
City Manager
ComDev
2 161

EXHIBIT A
City of Belmont
FY 2023
Mid‐Year Budget Augmentations
Ref # Fund Account # Description
Amount Increase
(Decrease)
Expenditures
212 5‐906‐8351
Increased to provide full contract budget authority for Harbor Industrial Area Specific Plan consultant, consistent with City Council action taken 01/30/2023, and to provide funding for a Safety Element update; actual expenditures expected to occur across multiple fiscal years
$790,000
TOTAL EXPENDITURE ADJUSTMENT $668,111
Expenditures
Human Resources
3 162

RESOLUTION NO. 2023 –

A RESOLUTION OF THE BOARD OF DIRECTORS OF THE BELMONT FIRE PROTECTION DISTRICT AMENDING THE FISCAL YEAR 2023 BUDGET BY

APPROVING REVISIONS TO REVENUE AND AUTHORIZING SUPPLEMENTAL

APPROPRIATIONS
WHEREAS, the Belmont Fire Protection District (BFPD) Fiscal Year (FY) 2023 Budget includes adopted Revenue and Appropriations Budgets; and, WHEREAS, property tax revenues and investment interest revenues are trending above year-to-date estimates; and,
WHEREAS, the Board of Directors finds that it is necessary to amend the FY 2023 Revenue Budget, as identified in Exhibit A, and reduce the estimated Fund balance; and, NOW, THEREFORE, the Board of Directors of the Belmont Fire Protection District resolves as follows:

SECTION 1. The FY 2023 Budget is hereby amended as reflected in Exhibit A.

SECTION 2. The summary effect on funds is shown in the table below.

Summary Combined Effect on Funds
Fund Description
Revenues
Increase
(Decrease)
Expenditures
Increase
(Decrease)
Net Change on
Fund Balance
Increase (Decrease)
223
Belmont Fire
Protection
District
1,637,500 - 1,637,500
163

* * *
ADOPTED February 28, 2023 by the Board of Directors of the Belmont Fire Protection District by the following vote:

Ayes:

Noes:

Absent:

Abstain:

ATTEST:

City Clerk Mayor
APPROVED AS TO FORM:

City Attorney
164

EXHIBIT A
Revenues
Ref # Fund Account # Description
Amount Increase
(Decrease)
Fire
223 0‐000‐6356 Decreased to reflect revised paramedic service revenues. ($27,500) 223 0‐000‐7111 Increased projection of LAIF investment interest. $175,000 223 0‐000‐6101 Forecasted increase in property tax based on County estimates and reflecting post Successor Agency dissolution. $1,490,000
TOTAL REVENUE ADJUSTMENT $1,637,500
Belmont Fire Protection District
FY 2023
Mid‐Year Budget Augmentations
1 165

EXHIBIT A
Ref # Fund Account # Description
Amount Increase
(Decrease)
NONE
TOTAL EXPENDITURE ADJUSTMENT $0
Belmont Fire Protection District
FY 2023
Mid‐Year Budget Augmentations
Expenditures
Fire
1 166
Adjusted YTD YTD Remaining 12/31/2021
Fund Division Description Budget Actual % Budget Actual 101 101 CITY COUNCIL $ 217,091 $ 119,247 55% $ 119,246 $ 109,355 101 102 CONTINGENCY 250,000 0% - 5,000
101 111 EXECUTIVE MANAGEMENT 1,320,836 518,355 39% 518,355 445,546 101 114 CITY CLERK 524,922 265,122 51% 265,121 128,750
101 121 CITY ATTORNEY 624,003 370,960 59% 370,959 335,461 101 202 CITY CLERK-ELECTIONS 99,000 13,848 14% 13,848 371 101 401 HUMAN RESOURCES 1,218,303 469,180 39% 469,180 572,096 101 501 FINANCIAL OPERATIONS 1,668,132 667,957 40% 667,956 559,108 101 502 FINANCIAL PLANNING & REPORTING 913,436 365,519 40% 365,518 333,921 101 503 RISK MANAGEMENT 177,528 90,297 51% 90,297 77,400 101 504 OPERATING TRANSFERS 4,420,000 0% -
101 600 LAW ENFORCEMENT ADMINISTRATION 2,295,060 1,073,144 47% 1,073,143 1,022,696 101 601 CRIME CONTROL 9,523,083 4,786,052 50% 4,786,052 4,495,859 101 602 TRAFFIC & COMMUNITY SAFETY 1,146,382 567,962 50% 567,962 561,726 101 604 SUPPORT SERVICES 1,693,967 746,723 44% 746,723 777,456 101 811 PARKS AND OPEN SPACES 2,214,008 1,006,816 45% 1,006,815 909,854 GENERAL FUND 28,305,751 11,061,181 39% 11,061,175 10,334,599 102 730 IMPROVEMENT PROJECTS 5,399,000 425,664 8% 425,664 736,429 MEASURE I 5,399,000 425,664 8% 425,664 736,429
205 820 RECREATION PROGRAMS 2,020,371 834,518 41% 834,518 540,317 205 822 COMMUNITY LEARNING CENTER 1,173,691 552,176 47% 552,176 530,005 205 823 SENIOR SERVICES 653,075 191,042 29% 191,041 267,734 RECREATION 3,847,137 1,577,736 41% 1,577,734 1,338,055
206 801 FACILITIES MANAGEMENT 720,385 174,573 24% 174,573 183,633 LIBRARY MAINTENANCE/OPERATION 720,385 174,573 24% 174,573 183,633 207 812 ATHLETIC FIELD MAINTENANCE 270,000 28,734 11% 28,734 35,272 ATHLETIC FIELD MAINTENANCE 270,000 28,734 11% 28,734 35,272 208 811 PARKS AND OPEN SPACES 73,467 21,057 29% 21,056 22,498 CITY TREES 73,467 21,057 29% 21,056 22,498
210 780 PUBLIC WORKS DEVELOPMENT 1,965,924 782,293 40% 782,292 635,238 210 904 PERMIT CENTER 1,861,296 870,957 47% 870,957 770,005 210 905 DEVELOPMENT REVIEW 1,850,351 723,889 39% 723,889 840,863 DEVELOPMENT SERVICES 5,677,571 2,377,139 42% 2,377,138 2,246,106 212 906 GENERAL PLAN MAINTENANCE 1,030,581 71,067 7% 71,067 GENERAL PLAN MAINTENANCE 1,030,581 71,067 7% 71,067 -
223 115 FIRE SERVICES 10,324,692 5,135,043 50% 5,135,042 7,009,276 223 118 BSCFD LEGACY COSTS 1,804,512 1,757,807 97% 1,757,806 1,673,184 223 119 BFD LEGACY COSTS 188,411 151,870 81% 151,869 135,418 BELMONT FIRE PROTECTION DISTRICT 12,317,615 7,044,719 57% 7,044,717 8,817,879

CITY OF BELMONT
Statement of Revenues and Expenditures
Budget Variance Report
December 31, 2022
Expenditures
As of 12/31/2022
167
Adjusted YTD YTD Remaining 12/31/2021
Fund Division Description Budget Actual % Budget Actual

CITY OF BELMONT
Statement of Revenues and Expenditures
Budget Variance Report
December 31, 2022
Expenditures
As of 12/31/2022
225 601 CRIME CONTROL 5,000 2,212 44% 2,211 1,223
PUBLIC SAFETY GRANTS 5,000 2,212 44% 2,211 1,223
227 601 CRIME CONTROL 163,863 88,333 54% 88,333 118,532 SUPPLEMENTAL LAW ENFORCEMENT 163,863 88,333 54% 88,333 118,532 231 701 PLANNING & PROJECT MANAGEMENT 549,680 263,598 48% 263,597 264,117 231 750 STREET MAINTENANCE 1,173,557 575,322 49% 575,322 473,961 231 751 TRAFFIC/ELECTRICAL OPERATIONS 710,306 305,257 43% 305,256 253,597 STREET MAINTENANCE 2,433,542 1,144,177 47% 1,144,175 991,676 232 730 IMPROVEMENT PROJECTS 770,000 7,215 1% 7,215 618,599 RMRA STREET PROJECTS 770,000 7,215 1% 7,215 618,599
233 730 IMPROVEMENT PROJECTS 320,000 0% -
MEASURE W 320,000 - 0% - -
234 730 IMPROVEMENT PROJECTS 2,372,538 746,965 31% 746,964 1,520,811 STREET IMPROVEMENT 2,372,538 746,965 31% 746,964 1,520,811 275 902 HOUSING 2,635,774 262,413 10% 262,413 240,806
HOUSING SUCCESSOR 2,635,774 262,413 10% 262,413 240,806 277 902 HOUSING 165,000 0% -
INCLUSIONARY HOUSING FUND 165,000 - 0% - -
308 802 GENERAL FACILITIES IMPROVEMENT 371,148 5,126 1% 5,126 84,552 GENERAL FACILITIES 371,148 5,126 1% 5,126 84,552
310 760 EMERGENCY REPAIR 2,558,334 814,248 32% 814,248 180,025 INFRASTRUCTURE 2,558,334 814,248 32% 814,248 180,025
312 303 COMCAST PEG PROGRAM 120,000 0% -
COMCAST 120,000 - 0% - -
341 810 PARK IMPROVEMENT PROJECTS 750,293 372,822 50% 372,821 424,131 PLANNED PARK 750,293 372,822 50% 372,821 424,131
342 810 PARK IMPROVEMENT PROJECTS 311,000 151,000 49% 151,000 342 504 OPERATING TRANSFERS 1,000,000 0% -
PARK IMPACT 1,311,000 151,000 12% 151,000 -
343 810 PARK IMPROVEMENT PROJECTS 127,876 23,981 19% 23,981 7,227 OPEN SPACE 127,876 23,981 19% 23,981 7,227
406 502 FINANCIAL PLANNING & REPORTING 684,822 531,449 78% 531,448 516,666 LIBRARY BOND DEBT SERVICE 684,822 531,449 78% 531,448 516,666 168
Adjusted YTD YTD Remaining 12/31/2021
Fund Division Description Budget Actual % Budget Actual

CITY OF BELMONT
Statement of Revenues and Expenditures
Budget Variance Report
December 31, 2022
Expenditures
As of 12/31/2022
501 701 PLANNING & PROJECT MANAGEMENT 775,038 369,356 48% 369,356 417,352 501 710 SEWER UTILITY 6,324,294 2,873,903 45% 2,873,902 3,074,177 SEWER ENTERPRISE - OPERATIONS 7,099,333 3,243,259 46% 3,243,258 3,491,528 503 730 IMPROVEMENT PROJECTS 7,944,577 1,999,568 25% 1,999,568 1,257,149 503 504 OPERATING TRANSFERS 1,063,000 0% -
SEWER ENTERPRISE - CAPITAL 9,007,577 1,999,568 22% 1,999,568 1,257,149 507 730 IMPROVEMENT PROJECTS 4,273,963 2,274,757 53% 2,274,757 2,535,478 SEWER TREATMENT FACILITY 4,273,963 2,274,757 53% 2,274,757 2,535,478 525 701 PLANNING & PROJECT MANAGEMENT 313,231 104,065 33% 104,065 102,098 525 720 DRAINAGE/WATER POLLUTION CNTRL 1,544,383 697,408 45% 697,408 766,512 525 730 IMPROVEMENT PROJECTS 1,068,220 8,215 1% 8,215 74,166 STORM DRAINAGE 2,925,834 809,689 28% 809,688 942,776
530 770 SOLID WASTE MANAGEMENT 353,694 158,666 45% 158,665 116,556 530 813 LITTER CONTROL 202,795 98,692 49% 98,691 79,124 SOLID WASTE 556,489 257,357 46% 257,356 195,680
570 503 RISK MANAGEMENT 708,500 648,270 91% 648,269 551,418 WORKERS' COMPENSATION 708,500 648,270 91% 648,269 551,418 571 503 RISK MANAGEMENT 1,067,285 600,397 56% 600,396 494,659 LIABILITY INSURANCE 1,067,285 600,397 56% 600,396 494,659 572 503 RISK MANAGEMENT 4,776 (5,221) -109% (5,220) (4,006) SELF-FUNDED VISION 4,776 (5,221) -109% (5,220) (4,006)
573 301 INFORMATION TECHNOLOGY 2,459,051 1,295,638 53% 1,295,638 1,105,991 573 302 IT CAPITAL 708,630 96,070 14% 96,070 216,356
573 740 FLEET MANAGEMENT 1,702,272 861,660 51% 861,659 489,358 FLEET & EQUIPMENT MANAGEMENT 4,869,953 2,253,368 46% 2,253,367 1,811,705 574 801 FACILITIES MANAGEMENT 1,539,647 802,147 52% 802,146 776,739 574 803 RECREATIONAL FACILITIES 788,990 428,187 54% 428,187 289,157 FACILITIES MANAGEMENT 2,328,636 1,230,334 53% 1,230,333 1,065,896 575 503 RISK MANAGEMENT 1,311,770 814,139 62% 814,139 1,018,756 BENEFIT PREFUNDING 1,311,770 814,139 62% 814,139 1,018,756 TOTAL EXPENDITURES $ 41,057,728 106,584,813 $ 39% 41,057,704 $ 41,779,757 $ 169
Adjusted YTD YTD Remaining 12/31/2021
Fund Account Description FY 2023 Budget Actual % Budget Actual 101 6100 PROPERTY TAXES $ 11,510,046 $ 7,942,801 69% $ 3,567,245 $ 4,860,307 101 6200 SALES TAXES 3,982,132 1,514,247 38% 2,467,885 1,411,554 101 6300 OTHER TAXES 4,956,964 2,466,582 50% 2,490,382 1,668,187 101 6200 LICENSES AND PERMITS 1,123,672 494,059 44% 629,613 413,536 101 6300 INTERGOVERNMENTAL 3,485,651 3,400,367 98% 85,284 3,336,211 101 6400-6999 SERVICE CHARGES 4,464,145 2,282,309 51% 2,181,836 2,124,970 101 7100 FINES AND FORFEITURES 165,000 59,894 36% 105,106 54,200 101 7100 USE OF MONEY AND PROPERTY 938,181 1,480,759 158% (542,578) 382,300 101 7200 MISCELLANEOUS 336,864 8,104 2% 328,760 16,549
GENERAL FUND 30,962,654 19,649,122 63% 11,313,533 14,267,813 102 6200 SALES TAXES 2,164,765 793,568 37% 1,371,197 784,777 102 7100 USE OF MONEY AND PROPERTY 5,548 23,197 418% (17,649) 714 MEASURE I 2,170,313 816,765 38% 1,353,548 785,491
205 6300 INTERGOVERNMENTAL 60,000 35,696 59% 24,304 41,139 205 6400-6999 SERVICE CHARGES 1,930,480 818,049 42% 1,112,431 601,028 205 7100 USE OF MONEY AND PROPERTY (839) (3,682) 439% 2,843 (72) 205 7200 MISCELLANEOUS 12,000 7,962 66% 4,038 3,353
205 7600 OPERATING TRANSFERS IN 1,900,000 - 0% 1,900,000 - RECREATION 3,901,641 858,025 22% 3,043,616 645,448
206 6100 TAXES 302,838 156,032 52% 146,806 151,419
206 7100 USE OF MONEY AND PROPERTY 1,292 6,161 477% (4,869) 193 LIBRARY MAINTENANCE/OPERATION 304,130 162,193 53% 141,937 151,611 207 6400-6999 SERVICE CHARGES 90,000 64,523 72% 25,477 58,144 207 7100 USE OF MONEY AND PROPERTY 566 3,131 553% (2,565) 81 ATHLETIC FIELD MAINTENANCE 90,566 67,654 75% 22,912 58,225 208 6400-6999 SERVICE CHARGES 10,000 2,995 30% 7,005 4,815 208 7100 USE OF MONEY AND PROPERTY 453 2,247 496% (1,794) 67 CITY TREES 10,453 5,242 50% 5,211 4,882
209 7100 USE OF MONEY AND PROPERTY 128 705 551% (577) 18 209 7200 MISCELLANEOUS 4,000 389 10% 3,611 0
SENIOR SERVICES DONATION 4,128 1,094 27% 3,034 18
210 6200 LICENSES AND PERMITS 1,858,000 1,180,422 64% 677,578 886,539 210 6400-6999 SERVICE CHARGES 2,159,000 1,118,322 52% 1,040,678 1,188,370 210 7100 USE OF MONEY AND PROPERTY 2,419 8,371 346% (5,952) 67 210 7200 MISCELLANEOUS 8,200 4,105 50% 4,095 4,274
210 7600 OPERATING TRANSFERS IN 1,500,000 - 0% 1,500,000 - DEVELOPMENT SERVICES 5,527,619 2,311,221 42% 3,216,399 2,079,249 212 6300 INTERGOVERNMENTAL - - N/A - -
212 6400-6999 SERVICE CHARGES 500,000 296,118 59% 203,882 75,272 212 7100 USE OF MONEY AND PROPERTY 1,199 12,148 1013% (10,949) 162 GENERAL PLAN MAINTENANCE 501,199 308,266 62% 192,933 75,434 Statement of Revenues and Expenditures

CITY OF BELMONT
Budget Variance Report
December 31, 2022
Revenues
As of December 31, 2022
170
Adjusted YTD YTD Remaining 12/31/2021
Fund Account Description FY 2023 Budget Actual % Budget Actual Statement of Revenues and Expenditures

CITY OF BELMONT
Budget Variance Report
December 31, 2022
Revenues
As of December 31, 2022
223 6100 TAXES 14,475,559 8,236,702 57% 6,238,857 6,192,808 223 6300 INTERGOVERNMENTAL 107,815 22,070 20% 85,745 27,652 223 7100 USE OF MONEY AND PROPERTY 17,502 494,523 2826% (477,021) 1,090 223 7200 MISCELLANEOUS 5,000 - 0% 5,000 7,201
BELMONT FIRE PROTECTION DISTRICT 14,605,876 8,753,295 60% 5,852,581 6,228,751 225 7100 USE OF MONEY AND PROPERTY 49 243 495% (194) 7
225 7200 MISCELLANEOUS - - N/A - -
PUBLIC SAFETY GRANTS 49 243 495% (194) 7
227 6300 INTERGOVERNMENTAL 158,000 104,058 66% 53,942 106,997 227 7100 USE OF MONEY AND PROPERTY (20) 132 -660% (152) (0) 227 7600 OPERATING TRANSFERS IN 20,000 - 0% 20,000 -
SUPPLEMENTAL LAW ENFORCEMENT 177,980 104,189 59% 73,791 106,997 231 6300 INTERGOVERNMENTAL 778,700 321,148 41% 457,552 266,354 231 6400-6999 SERVICE CHARGES 581,078 288,655 50% 292,423 296,805 231 7100 USE OF MONEY AND PROPERTY 387 (2,487) -643% 2,874 97 231 7200 MISCELLANEOUS - 700 N/A (700) 200
231 7600 OPERATING TRANSFERS IN 1,000,000 - 0% 1,000,000 - STREET MAINTENANCE 2,360,165 608,017 26% 1,752,148 563,456 232 6300 INTERGOVERNMENTAL 603,375 254,146 42% 349,229 222,975 232 7100 USE OF MONEY AND PROPERTY 2,000 1,621 81% 380 14 RMRA STREET PROJECTS 605,375 255,766 42% 349,609 222,989 233 6100 TAXES 391,059 141,552 36% 249,507 90,218
233 6300 INTERGOVERNMENTAL 160,000 170,810 107% (10,810) 268,522 233 7100 USE OF MONEY AND PROPERTY 515 11,064 2148% (10,549) 57 233 7600 OPERATING TRANSFERS IN - - N/A - -
MEASURE W 551,574 323,425 59% 228,149 358,796
234 6100 TAXES 867,155 399,931 46% 467,224 363,225
234 6300 INTERGOVERNMENTAL 618,500 343,180 55% 275,320 467,247 234 7100 USE OF MONEY AND PROPERTY 3,537 9,560 270% (6,023) 427 234 7200 MISCELLANEOUS 100,000 146,628 147% (46,628) 835,364 234 7600 OPERATING TRANSFERS IN - - N/A - -
STREET IMPROVEMENT 1,589,192 899,298 57% 689,894 1,666,263 237 6400-6999 SERVICE CHARGES 814,000 - 0% 814,000 200,000 237 7100 USE OF MONEY AND PROPERTY 187 1,563 836% (1,376) - TRAFFIC IMPACT 814,187 1,563 0% 812,624 200,000
171
Adjusted YTD YTD Remaining 12/31/2021
Fund Account Description FY 2023 Budget Actual % Budget Actual Statement of Revenues and Expenditures

CITY OF BELMONT
Budget Variance Report
December 31, 2022
Revenues
As of December 31, 2022
239 6400-6999 SERVICE CHARGES 315,000 - 0% 315,000 -
239 7100 USE OF MONEY AND PROPERTY 1,000 3,086 309% (2,086) - PUBLIC ART 316,000 3,086 1% 312,914 -
275 6300 INTERGOVERNMENTAL 310,000 - 0% 310,000 -
275 7100 USE OF MONEY AND PROPERTY 81,081 44,045 54% 37,036 40,311 275 7200 MISCELLANEOUS - - N/A - -
275 7500 OTHER FINANCING SOURCES 3,900,000 2,940,000 75% 960,000 - HOUSING SUCCESSOR 4,291,081 2,984,045 70% 1,307,036 40,311 277 6400-6999 SERVICE CHARGES 790,000 - 0% 790,000 -
277 7100 USE OF MONEY AND PROPERTY 3,000 1,272 42% 1,728 34 INCLUSIONARY HOUSING FUND 793,000 1,272 0% 791,728 34
308 7100 USE OF MONEY AND PROPERTY 1,111 5,640 508% (4,529) 170 308 7200 MISCELLANEOUS - - N/A - -
GENERAL FACILITIES 1,111 5,640 508% (4,529) 170
310 6300 INTERGOVERNMENTAL 1,213,334 257,331 21% 956,003 - 310 7100 USE OF MONEY AND PROPERTY 3,218 20,700 643% (17,482) 503 INFRASTRUCTURE 1,216,552 278,031 23% 938,521 503
312 7100 USE OF MONEY AND PROPERTY 525 3,089 588% (2,564) 76 COMCAST 525 3,089 588% (2,564) 76
341 7100 USE OF MONEY AND PROPERTY 44 17,097 38857% (17,053) 52 341 7200 MISCELLANEOUS - - N/A - -
341 7600 OPERATING TRANSFERS IN 1,000,000 - 0% 1,000,000 - PLANNED PARK 1,000,044 17,097 2% 982,947 52
342 6300 INTERGOVERNMENTAL 194,570 - 0% 194,570 -
342 6400-6999 SERVICE CHARGES 2,617,400 281,894 11% 2,335,506 - 342 7100 USE OF MONEY AND PROPERTY 2,028 2,263 112% (235) 294 342 7200 MISCELLANEOUS - - N/A - -
PARK IMPACT FEES 2,813,998 284,157 10% 2,529,841 294
343 7100 USE OF MONEY AND PROPERTY 276 1,188 430% (912) 43 OPEN SPACE 276 1,188 430% (912) 43
406 6100 TAXES 674,058 347,297 52% 326,761 337,029
406 7100 USE OF MONEY AND PROPERTY 2 (400) -20013% 402 (6) LIBRARY BOND DEBT SERVICE 674,060 346,897 51% 327,163 337,023 172
Adjusted YTD YTD Remaining 12/31/2021
Fund Account Description FY 2023 Budget Actual % Budget Actual Statement of Revenues and Expenditures

CITY OF BELMONT
Budget Variance Report
December 31, 2022
Revenues
As of December 31, 2022
501 6400-6999 SERVICE CHARGES 15,033,619 7,591,485 50% 7,442,134 7,036,504 501 7100 USE OF MONEY AND PROPERTY 56,733 351,320 619% (294,587) 7,823 SEWER ENTERPRISE-OPERATIONS 15,090,352 7,942,806 53% 7,147,546 7,044,328 503 6400-6999 SERVICE CHARGES 652,000 148,337 23% 503,663 - 503 7100 USE OF MONEY AND PROPERTY 43,355 125,547 290% (82,192) 10,974 SEWER ENTERPRISE-CAPITAL 695,355 273,884 39% 421,471 10,974 505 6800 SERVICE CHARGES-SEWER - 32,036 N/A (32,036) -
505 7100 USE OF MONEY AND PROPERTY (4,667) (21,820) 468% 17,153 (676) SEWER ENTERPRISE-TREATMENT PLANT (4,667) 10,216 -219% (14,883) (676) 507 6400-6999 SERVICE CHARGES 3,142,679 1,571,028 50% 1,571,651 1,571,339 507 7100 USE OF MONEY AND PROPERTY 9,945 35,501 357% (25,556) 1,519 SEWER TREATMENT FACILITY 3,152,624 1,606,529 51% 1,546,095 1,572,858 525 6400-6999 SERVICE CHARGES 1,088,346 483,387 44% 604,959 440,987 525 7100 USE OF MONEY AND PROPERTY 1,574 5,252 334% (3,678) 272 525 7200 MISCELLANEOUS 51,500 120,546 234% (69,046) 54,094 525 7600 OPERATING TRANSFERS IN 1,063,000 - 0% 1,063,000 - STORM DRAINAGE 2,204,420 609,185 28% 1,595,235 495,353
530 6300 INTERGOVERNMENTAL - - N/A - 13,691
530 6400-6999 SERVICE CHARGES 544,705 227,189 42% 317,516 208,837 530 7100 USE OF MONEY AND PROPERTY 2,819 16,326 579% (13,507) 398 SOLID WASTE 547,524 243,516 44% 304,008 222,927
570 6400-6999 SERVICE CHARGES 681,232 397,592 58% 283,640 360,410 570 7100 USE OF MONEY AND PROPERTY 2,007 11,086 552% (9,079) 273 570 7200 MISCELLANEOUS 15,000 138 1% 14,862 14,125
WORKERS' COMPENSATION 698,239 408,816 59% 289,423 374,808 571 6400-6999 SERVICE CHARGES 700,000 350,000 50% 350,000 239,480 571 7100 USE OF MONEY AND PROPERTY 2,655 16,180 609% (13,525) 380 571 7200 MISCELLANEOUS - (477,052) N/A 477,052 (1,657,658) LIABILITY INSURANCE 702,655 (110,872) -16% 813,527 (1,417,798) 572 6400-6999 SERVICE CHARGES 2,964 - 0% 2,964 5,358
572 7100 USE OF MONEY AND PROPERTY 10 56 556% (46) 2
572 7600 OPERATING TRANSFERS IN - - N/A - -
SELF-FUNDED VISION 2,974 56 2% 2,918 5,360
573 6400-6999 SERVICE CHARGES 4,434,210 2,217,105 50% 2,217,105 2,537,387 573 7100 USE OF MONEY AND PROPERTY 7,897 49,696 629% (41,799) 1,064 573 7200 MISCELLANEOUS 2,050 457 22% 1,593 1,652
573 7500 OTHER FINANCING SOURCES 10,000 6,556 66% 3,444 17,408 FLEET & EQUIPMENT MANAGEMENT 4,454,157 2,273,814 51% 2,180,343 2,557,512 173
Adjusted YTD YTD Remaining 12/31/2021
Fund Account Description FY 2023 Budget Actual % Budget Actual Statement of Revenues and Expenditures

CITY OF BELMONT
Budget Variance Report
December 31, 2022
Revenues
As of December 31, 2022
574 6400-6999 SERVICE CHARGES 1,916,327 721,096 38% 1,195,231 742,705 574 7100 USE OF MONEY AND PROPERTY 282,000 160,039 57% 121,961 90,732 574 7600 OPERATING TRANSFERS IN - - N/A - -
FACILITIES MANAGEMENT 2,198,327 881,136 40% 1,317,191 833,437 575 6400-6999 SERVICE CHARGES 1,471,409 694,767 47% 776,642 687,538 575 7100 USE OF MONEY AND PROPERTY 1,704 7,300 428% (5,596) 278 BENEFIT PREFUNDING 1,473,113 702,067 48% 771,046 687,816 704 7100 USE OF MONEY AND PROPERTY 446 2,405 539% (1,959) 65 SPECIAL ASSESSMENT DISTRICT 446 2,405 539% (1,959) 65
TOTAL REVENUES $ 53,893,434 106,499,268 $ 51% 52,605,834 $ 40,180,901 $ 174
FISCAL YEAR 2023 BUDGET

MID-YEAR REVIEW
City Council Meeting
February 28, 2023
175
2 EXECUTIVE SUMMARY

FINANCIAL RESULTS

FISCAL SUSTAINABILITY

FINANCIAL OUTLOOK

RECOMMENDATION
176

EXECUTIVE SUMMARY
2/28/2023 FY 2023 Mid-Year Budget Review 3
Second and final installment of ARPA funding received
Property, sales, and hotel taxes are recovering
State actions to take away property tax in-lieu of VLF
Take action to maintain City services and infrastructure Resolutions requested from Council
177

FINANCIAL RESULTS
178 4

FINANCIAL RESULTS
2/28/2023 FY 2023 Mid-Year Budget Review 5

GENERAL FUND
12/31 Fund Balance
Up $8.5M over
last fiscal year end;
includes $3.2M ARPA,
$3.7M VLF, TOT recovery
Revenues
Year end estimates are

12.4% over
adjusted budget,
including ARPA
Expenditures
Year end estimates are

2.9% under adjusted
budget
Local Economy
Leading indicators
mixed but overall
positive in FY 2023
179

FINANCIAL RESULTS
2/28/2023 FY 2023 Mid-Year Budget Review 6

YEAR-TO-DATE RESULTS AS OF
DEC. 31, 2022 (IN MILLIONS)
Revenues Expenditures Fund Balance
(12/31/22) Rev. ARPA
General Fund (Excluding Measure I) $16.4 $3.2 $13.3* $26.5 Belmont Fire Protection District 223 8.6 7.0 17.9
Development Services 210 2.3 2.3 1
Recreation 205 0.9 1.6 (0.7)
Storm Drain 525 0.6 0.8 2.3
*Includes 50% of budgeted operating transfers anticipated at year-end 180
$-
$2
$4
$6
$8
$10
$12
$14
$16
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Actuals
Budget
Estimate

FINANCIAL RESULTS
2/28/2023 FY 2023 Mid-Year Budget Review 7

PROPERTY TAX
(IN MILLIONS)
181
$-
$0.5
$1.0
$1.5
$2.0
$2.5
$3.0
$3.5
$4.0
$4.5
$5.0
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Actuals
Budget
Estimate

FINANCIAL RESULTS
2/28/2023 FY 2023 Mid-Year Budget Review 8
SALES TAX: 1% BRADLEY BURNS*
(IN MILLIONS)
*Excludes Measure I ½-Cent Tax
182
$-
$0.5
$1.0
$1.5
$2.0
$2.5
2017 2018 2019 2020 2021 2022 2023
Actuals
Budget
Estimate

FINANCIAL RESULTS
2/28/2023 FY 2023 Mid-Year Budget Review 9
SALES TAX: MEASURE I
(IN MILLIONS)
Measure I
Started
April 2017
183
$-
$0.5
$1.0
$1.5
$2.0
$2.5
$3.0
$3.5
$4.0
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Actuals
Budget
Estimate

FINANCIAL RESULTS
2/28/2023 FY 2023 Mid-Year Budget Review 10

HOTEL ROOM TAX
(IN MILLIONS)
Revenue
Trending Toward
Pre-Pandemic Levels
184

FINANCIAL RESULTS
2/28/2023 FY 2023 Mid-Year Budget Review 11

GENERAL FUND EXPENDITURES
(IN MILLIONS)
FY 2023
Adjusted
Budget
12/31/22 % of
Total
Personnel $16.8 $8.1 48%
Services &
Supplies $3.6 $1.2 34%
Admin &
Other $3.5 $1.7 50%
Major General FundSupported Transfers
• Recreation Fund
$1.9M
• Development Services Fund
$1.5M
• Street Maintenance Fund
$1M
185

FINANCIAL RESULTS
2/28/2023 FY 2023 Mid-Year Budget Review 12

CAPITAL IMPROVEMENT PLAN
Completed CIP Projects (FY 2023)
• Belmont Pavement
• Preservation Project
• 2022 Pavement Project
• Sanitary Sewer Easement
Rehab Project
• North Road Pump Station
and Force Main Project
Sewer Treatment
• Significant ongoing contributions
to SVCW for RESCU program
23%
26%
41%
4%
4% 2%
Streets Measure I
Sewer/Storm Technology
Recreation Facilities Parks & Open Space
186
FISCAL

SUSTAINABILITY
13187
Future
impact to
General Fund
of $4 million
annually

FISCAL SUSTAINABILITY
2/28/2023 FY 2023 Mid-Year Budget Review 15

PROPERY TAX IN-LIEU OF VLF
• VLF shortfall
• ~$200,000 General Fund FY 2023
• Backfill of shortfall NOT included
in Governor’s proposed FY 2024
Budget
• City Manager’s group working in
conjunction with the County
188

FISCAL SUSTAINABILITY
2/28/2023 FY 2023 Mid-Year Budget Review 16

INFRASTRUCTURE NEEDS
• Storm Water Master Plan
• Identify needs of critical storm drain
infrastructure;
• Explore funding mechanisms to address aging
sewer and storm drain infrastructure; and
• Ensure resiliency of long-term infrastructure.
189

FINANCIAL OUTLOOK
17190

FINANCIAL OUTLOOK

FUND BALANCE
(IN MILLIONS)
2/14/2023 FY 2023 Mid-Year Budget Review 18
$-
$5.0
$10.0
$15.0
$20.0
$25.0
2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032
One-Time ARPA funding
191

FINANCIAL OUTLOOK

FUND BALANCE IMPACT WITHOUT VLF
(IN MILLIONS)
2/14/2023 FY 2023 Mid-Year Budget Review 19
$(20.0)
$(16.0)
$(12.0)
$(8.0)
$(4.0)
$-
$4.0
$8.0
$12.0
$16.0
$20.0
$24.0
$28.0
2022 2023 2024 2025 2026 2027 2028
2029 2030 2031 2032
192

FINANCIAL OUTLOOK

REVENUE & EXPENDITURE ESTIMATES
(IN MILLIONS)
2/14/2023 FY 2023 Mid-Year Budget Review 20
$23
$25
$27
$29
$31
$33
$35
$37
2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032
Revenues
Expenditures
193

RECOMMENDATION
21194

RECOMMENDATION

NEXT STEPS
2/28/2023 FY 2023 Mid-Year Budget Review 22
Continue community
engagement to identify
community service priorities;
explore targeted, locallycontrolled revenue sources
FY 2024 Budget directive will
reflect ongoing efforts to
address financial sustainability &
Council’s Strategic Focus Areas
195

RECOMMENDATIONS
FY 2023 MID-YEAR

BUDGET RESOLUTIONS
2/28/2023 FY 2023 Mid-Year Budget Review 23
• Human Resources staffing (+1 FTE)
• Management Analyst
• Revisions to capital improvement project budgets
• Based on updated project estimates and timelines
• Transfer revenues to CIP Project expenditure funds
• Address actions previously approved by Council,
variances based on YTD estimates
196

RECOMMENDATIONS
FY 2023 MID-YEAR

BUDGET RESOLUTIONS
2/28/2023 FY 2023 Mid-Year Budget Review 24
• Adopt resolutions amending FY 2023 Budgets for:
• The City of Belmont
• Belmont Fire Protection District
197