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Background and Analysis
Professional investment management of public funds is a best practice that provides substantial benefits to the City of Citrus Heights. These benefits include day-to-day monitoring of investment opportunities available in the market; periodic re-balancing of the portfolio to take advantage of interest rate trends; credit monitoring and analysis to protect the portfolio from credit and default risk; investment selection; and competitive shopping of investments to obtain the best rates.
A request for proposal for investment management services was issued in the spring of 2022 with the City receiving six responses. Staff evaluated the proposals in accordance with the evaluation criteria, which included responsiveness, technical experience, qualifications of staff and other considerations. After reviewing all the proposals, staff interviewed three candidates in the summer of 2022.
• Chandler Asset Management, Inc. (Chandler)
• Government Portfolio Advisors (GPA)
• PFM Asset Management
Staff recommends entering into an agreement with Chandler. The most significant factors considered in recommending Chandler:
• Clients similar to the City of Citrus Heights that Chandler currently manages is City of American Canyon in Napa County, City of Atwater in Merced County and City of Arcata in Humboldt County;
• Provided thorough documentation of understanding the City of Citrus Heights, including the investment policy and suggesting improvements for future consideration; • Great references on being service oriented, providing assistance beyond contracted services, validated performance beyond the benchmark while maintaining a lower risk than the benchmark; and
• Reporting and integration software that will save on City’s staff time for accounting for investments.
With the award of this agreement, the Finance Department and Chandler will work on developing an investment program, including analysis of risk and return, investment policy development and review, and cash flow analysis and forecasting. Chandler will implement investment strategies that meet the City’s risk and return requirements, provide comprehensive investment reporting to save staff time, and conduct education and training for staff enrichment.
Chandler will provide staff monthly reporting, hold quarterly meetings to discuss quarterly results, and be available to present to the City as needed. Chandler will be assisting staff with the annual update of the Investment Policy, which ultimately will be submitted to City Council for review and approval.
Agenda Packet Page 191
Subject: Professional Services Agreement for Investment Management/Advisory Services by Chandler Asset Management
Date: October 27, 2022
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Attachments
1. Resolution No. 2022 _____ a resolution of the City Council of the City of Citrus Heights, California authorizing the City Manager to execute the agreement with Chandler Asset Management, Inc. for investment management and advisory services for the City of Citrus Heights.
2. Chandler Asset Management, Inc. Agreement
Agenda Packet Page 192
RESOLUTION NO. 2022 - ____
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CITRUS
HEIGHTS AUTHORIZING THE CITY MANAGER TO EXECUTE A
CONTRACT WITH CHANDLER ASSET MANAGEMENT, INC. FOR
INVESTMENT MANAGEMENT AND ADVISORY SERVICES
WHEREAS, the City Council of the City of Citrus Heights wishes to engage the services of Chandler Asset Management, Inc. to provide investment management and advisory services with the cost being based on the amount calculated on the average market value of the City of Citrus Heights’ portfolio in accordance with the following schedule:
Assets Under Management Annual Investment Management Fee First $25 million 0.10 of 1% (10 basis points)
Next $25 million 0.08 of 1% (8 basis points)
Next $50 million 0.06 of 1% (6 basis points)
Assets in excess of $100 million 0.04 of 1% (4 basis points) WHEREAS, Chandler Asset Management, Inc. was selected from six investment management and advisory service firms who submitted proposals to perform investment and advisory services for the City of Citrus Heights; and
WHEREAS, Chandler Asset Management, Inc. possesses the necessary experience, training, education and qualifications to perform the services for which it is being retained.
NOW THEREFORE BE IT RESOLVED that the City Council of the City of Citrus Heights hereby authorize the City Manager to enter into an agreement with Chandler Asset Management, Inc., to provide investment management and advisory services.
PASSED AND ADOPTED by the City Council of the City of Citrus Heights, California, this 27th day of October 2022, by the following vote, to wit:
AYES: Council Members:
NOES: Council Members:
ABSTAIN: Council Members:
ABSENT: Council Members:
Porsche Middleton, Mayor
ATTEST:
_________________________________
Amy Van, City Clerk
Agenda Packet Page 193
1 INVESTMENT MANAGEMENT AGREEMENT
(Institutional Client, Non-ERISA)
City of Citrus Heights (Client) hereby retains Chandler Asset Management, Inc. (Chandler) as Investment Adviser on the terms and conditions set forth herein.
1. Term. The term of this Agreement shall commence upon the execution of this Agreement and shall continue until this Agreement is terminated effective upon receipt of notice of termination in writing delivered by the terminating party.
2. Fees. Client shall compensate Chandler monthly an amount calculated on the average market value of Client's portfolio, including accrued interest, in accordance with the following schedule:
Assets Under Management Annual Investment Management Fee First $25 million 0.10 of 1% (10 basis points)
Next $25 million 0.08 of 1% (8 basis points)
Next $50 million 0.06 of 1% (6 basis points)
Assets in excess of $100 million 0.04 of 1% (4 basis points) The fees expressed above do not include any custody fees that may be charged by Client's bank or other third party custodian.
Fees shall be prorated to the effective date of termination on the basis of actual days elapsed, and any unearned portion of prepaid fees shall be refunded. Client is not required to pay any start-up or closing fees; there are no penalty fees.
Fees shall be deducted monthly in arrears from Client’s custody account.
3. Client Representative. In its capacity as investment manager, Chandler shall receive all instructions, directions and other communications on Client's behalf respecting Client's account from ________________ (Representative). Chandler is hereby authorized to rely and act upon all such instructions, directions and communications from such Representative or any agent of such Representative.
4. Investment Policy. In investing and reinvesting Client’s assets, Chandler shall comply with Client’s Investment Policy, which is attached hereto as Exhibit A.
5. Authority of Chandler. Chandler is hereby granted full discretion to invest and reinvest all assets under its management in any type of security it deems appropriate, subject to the instructions given or guidelines set by Representative.
6. Notices. All reports and other communications required hereunder to be in writing shall be delivered in person, or sent by first-class mail postage prepaid, by overnight courier, by confirmed facsimile Agenda Packet Page 194
2 with original to follow or by confirmed electronic mail with proof of receipt to the addresses set forth below. Either party to this Agreement may, by written notice given at any time, designate a different address for the receipt of reports and other communications due hereunder.
Chandler Asset Management
Attn: Nicole Dragoo
6225 Lusk Boulevard
San Diego, CA 92121
[email protected]
City of Citrus Heights
Attn:
6360 Fountain Square Dr.
Citrus Heights, CA, 95621
Email
7. Electronic Delivery. From time to time, Chandler may be required to deliver certain documents to Client such as account information, notices and required disclosures. Client hereby consents to Chandler’s use of electronic means, such as email, to make such delivery. This delivery may include notification of the availability of such document(s) on a website, and Client agrees that such notification will constitute “delivery”. Client further agrees to provide Chandler with Client’s email address(s) and to keep this information current at all times by promptly notifying Chandler of any change in email address(s).
Client email address(s):______________________________________________________________
8. Proxy Voting. Chandler will vote proxies on behalf of Client unless otherwise instructed. Chandler has adopted and implemented written policies and procedures and will provide Client with a description of the proxy voting procedures upon request. Chandler will provide information regarding how Clients’ proxies were voted upon request. To request proxy policies or other information, please contact us by mail at the address provided, by calling 800-317-4747 or by emailing your request to [email protected].
9. Custody of Securities and Funds. Chandler shall not have custody or possession of the funds or securities that Client has placed under its management. Client shall appoint a custodian to take and have possession of its assets. Client recognizes the importance of comparing statements received from the appointed custodian to statements received from Chandler. Client recognizes that the fees expressed above do not include fees Client will incur for custodial services.
10. Valuation. Chandler will value securities held in portfolios managed by Chandler no less than monthly. Securities or investments in the portfolio will be valued in a manner determined in good faith by Chandler to reflect fair market value.
11. Investment Advice. Client recognizes that the opinions, recommendations and actions of Chandler will be based on information deemed by it to be reliable, but not guaranteed to or by it. Provided that Chandler acts in good faith, Client agrees that Chandler will not in any way be liable for any Agenda Packet Page 195
3 error in judgment or for any act or omission, except as may otherwise be provided for under the Federal Securities laws or other applicable laws.
12. Payment of Commissions. Chandler may place buy and sell orders with or through such brokers or dealers as it may select. It is the policy and practice of Chandler to strive for the best price and execution and for commission and discounts which are competitive in relation to the value of the transaction and which comply with Section 28(e) of the Securities and Exchange Act. Nevertheless, it is understood that Chandler may pay a commission on transactions in excess of the amount another broker or dealer may charge, and that Chandler makes no warranty or representation regarding commissions paid on transactions hereunder.
13. Other Clients. It is further understood that Chandler may be acting in a similar capacity for other institutional and individual clients, and that investments and reinvestments for Client's portfolio may differ from those made or recommended with respect to other accounts and clients even though the investment objectives may be the same or similar. Accordingly, it is agreed that Chandler will have no obligation to purchase or sell for Client's account any securities which it may purchase or sell for other clients.
14. Confidential Relationship. The terms and conditions of this Agreement, and all information and advice furnished by either party to the other shall be treated as confidential and shall not be disclosed to third parties except (i) as required by law, rule, or regulation, (ii) as requested by a regulatory authority, (iii) for disclosures by either party of information that has become public by means other than wrongful conduct by such party or its officers, employees, or other personnel, (iv) for disclosures by either party to its legal counsel, accountants, or other professional advisers, (v) as necessary for Chandler to carry out its responsibilities hereunder, or (vi) as otherwise expressly agreed by the parties.
15. No Assignment& Amendments. Neither party may assign, directly or indirectly, all or part of its rights or obligations under this Agreement without the prior written consent of the other party, which consent shall not be unreasonably withheld or delayed. This Agreement may be amended at any time by mutual agreement in writing.
16. Governing Law. It is understood that this Agreement shall be governed by and construed under and in accordance with the laws of the State of California.
17. Severability. Any provision of this Agreement which is prohibited or unenforceable shall be ineffective only to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof.
18. Receipt of Brochure and Privacy Policy. Client hereby acknowledges receipt of the disclosure statement or "brochure" and “brochure supplement” also known as Part 2A and Part 2B of Form ADV, required to be delivered pursuant to Rule 204-3 of the Investment Advisers Act of 1940 (Brochure). Client further acknowledges receipt of Chandler’s Privacy Policy, as required by Regulation S-P.
19. Arbitration. It is agreed that any controversy between Chandler and the Client arising out of Chandler business or this Agreement, shall be submitted to arbitration conducted under the Agenda Packet Page 196
4 provisions of the commercial arbitration rules of the American Arbitration Association. Arbitration must be commenced by service upon the other party of a written demand for arbitration or a written notice of intention to arbitrate. Judgment upon any award rendered by the arbitrators shall be final and may be entered in any court having jurisdiction thereof. This clause does not constitute a waiver of any right including the right to choose the forum, whether arbitration or adjudication, in which to seek resolution of disputes.
Client
By:
Date
Name & Title:_________________________________________________ Chandler Asset Management, Inc.,
a California Corporation
By:
Nicole Dragoo Date
President
Agenda Packet Page 197
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CITY OF CITRUS HEIGHTS
CITY COUNCIL STAFF REPORT
MEMORANDUM
DATE: October 27, 2022
TO: Mayor and City Council Members
Ashley J. Feeney, City Manager
FROM: Susan Talwar, Administrative Services Director
Tammy Nossardi, Finance Manager
SUBJECT: Financial Update
Summary and Recommendation
Staff recommends the City Council review the information presented on the preliminary General Fund operating results for Fiscal Year 2021-22, the General Fund revenues and expenditures for the first quarter of Fiscal Year 2022-23 and the updated Ten-Year Financial Forecast. This is an information item only. No City Council action is requested.
Fiscal Impact
The Fiscal Year (FY) 21-22 General Fund budget projected, in June 2022, revenues of $35,807,420 available to fund expenditures of $35,427,668 with a projected year-end increase to General Fund Reserves totaling $1,373,752. Unaudited actuals for FY 21-22 have been recorded with an operating surplus of $3,037,878. The General Fund reserve balance is up from $8.4 million to $11.4 million at end of FY 21-22.
In June 2022, FY 22-23 General Fund budget was amended to provide $6.8 million surplus. As projected in the Ten-Year Financial Forecast, the $6.8 million surplus creates an opportunity to fund reserves and continue to build up in the coming years.
This is an informational item only.
Background and Analysis
Fiscal Year 2021-22 Preliminary Operating Results
The Fiscal Year 2021-22 General Fund Budget, as adopted in April 2021 and subsequently amended on February 2022, anticipated revenue of $35.2 million to fund expenditures of $33.8 million with the resulting $1.4 million surplus. A subsequent budget amendment was approved on March 2022, when the City Council authorized prepayment of the outstanding revolving line of credit balance of $3.5million, amending General Fund budget expenditures to $37.3 million.
Item 15 Agenda Packet Page 198
Subject: Financial Update
Date: October 27, 2022
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While the City’s fiscal year ended on June 30th, revenues continue to be recorded and expenditures processed through August 31st. Preliminary operating results are now available, subject to any adjustments which could be made by the City’s auditors during their upcoming review of financial transactions for Fiscal Year 2021-22.
General Fund revenue for Fiscal Year 2021-22 totaled $36.7 million – $1.5 million over the $35.2 million budgeted amount. This revenue variance was mainly attributable to the following:
- Sales Tax. The original budget estimate for sales tax revenue was $14.1 million. The effect of inflationary and interest rate pressures, and the pandemic rebound generated sales tax revenue of $14.4 million.
- Building Permit/Plan Check Fees. Revenue from building permits and plan check fees totaled $2.4 million which is $200,000 over the budgeted amount. This was the result of increased residential and commercial building activity which is expected to slow down by the end of the current calendar year.
- Other Revenue. This category includes mainly reimbursements for planning, engineering and public safety costs as well as recovery of costs for damage to City property and other miscellaneous revenue. The total amount of other revenue received was $1.4 million compared to the budget of $1.2 million. This is mostly one-time revenue which is not expected to recur annually.
- Community Center Rentals. Revenue from rental of the three community centers was budgeted at $175,000. With the ease of COVID pandemic restrictions, the community center use has seen a slight uptick resulting in revenue of $200,000. - Line of Credit Prepayment. Due to increased revenue and operating budget savings, there was not a need to access the line of credit. On March 24, 2022, the City Council authorized to pay off the line of credit balance of $3.5 million.
- American Rescue Plan Act (ARPA). For FY21-22 Council appropriated $2.6 million to the Police Department of which $1.6 million was actual expenditures resulting in $1 million savings.
General Fund expenditures totaled $33.6 million compared to the approved budget of $37.3 million. Budget savings of $3.6 million were realized from labor cost savings due to position vacancies and reduced associated operating costs. Of the total budget savings, $2.4 million was attributable to the Police Department due to vacancies.
The City’s auditors are currently conducting the annual financial audit which is expected to be completed by early December. The audited financial statements will be prepared and a final financial report for Fiscal Year 2021-22 will be presented to the Finance and Administration Committee and then to the City Council in January 2023.
A summary of General Fund revenues and expenditures for Fiscal Year 2021-22 is provided below:
Agenda Packet Page 199
Subject: Financial Update
Date: October 27, 2022
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General Fund Summary
Fiscal Year 2021-22
Preliminary Unaudited Results
FY 2021-22 FY 2021-22
Budget Actual Actual vs. Budget
Revenue
Sales Tax $ 14,104,000 $ 14,412,009 $ 308,009
Utility Users Tax 2,780,000 3,065,239 285,239
Franchise Fees 1,215,000 1,290,165 75,165
Property Transfer Tax 450,000 638,183 188,183
Transient Occupancy Tax 18,000 32,595 14,595
Business License 259,400 284,898 25,498
Building Permits/Plan Check Fees 2,209,800 2,434,280 224,480 Other Licenses and Permits 556,500 561,429 4,929
Motor Vehicle in Lieu 9,581,920 9,683,155 101,235
Fines & Forfeitures 755,000 787,138 32,138
Charges for Service 365,850 385,478 19,628
Community Center Rentals 175,000 212,059 37,059
Cost Allocations 1,458,192 1,440,305 (17,887)
Other Revenue 1,280,673 1,443,512 162,839
Subtotal Revenue $ 35,209,335 36,670,444 $ 1,461,109
Great Plates Reimbursement - 33,212 33,212
Total Revenue $ 35,209,335 $ 36,703,656 $ 1,494,321
Expenditures
City Council $ 135,436 $ 128,050 $ (7,386)
City Manager 683,164 418,278 (264,886)
Economic Development 554,749 447,017 (107,732)
City Attorney 309,000 307,903 (1,097)
City Clerk 320,179 267,972 (52,207)
Elections - - -
Administrative Services Department
Human Resources 692,154 624,151 (68,003)
Information Services 1,009,777 1,005,014 (4,763)
Risk Management 2,253,642 1,989,363 (264,279)
Finance 934,715 935,103 388
Total Administrative Services Department 4,890,288 4,553,631 (336,657) Non-Departmental 2,802,269 2,537,127 (265,142)
Police Department
Police 19,243,356 16,935,821 (2,307,535)
Animal Control 750,439 568,199 (182,240)
Total Police Department 19,993,795 17,504,020 (2,489,775) General Services Department
Engineering 476,899 618,568 141,669
Facility Management 455,551 413,678 (41,873)
Fleet Management 160,822 140,681 (20,141)
Community Events 165,275 137,758 (27,517)
Community Centers 668,059 578,924 (89,135)
Total General Services Department 1,926,606 1,889,609 (36,997) Community Development Department
Housing 83,927 135,919 51,992
Planning 631,820 557,046 (74,774)
Building Inspection 949,785 908,864 (40,921)
Planning Commission 16,686 8,340 (8,346)
Total Community Development Department 1,682,218 1,610,169 (72,049) History & Arts Commission 20,000 5,000 (15,000)
Transfers Out 477,000 477,000 -
Subtotal Expenditures $ 33,794,704 $ 30,145,776 $ (3,648,928) Line of Credit Payment 3,520,001 3,520,001 -
Total Expenditures $ 37,314,705 $ 33,665,777 $ (3,648,928) Net Operating Surplus/(Shortfall) $ (2,105,370) $ 3,037,879 Agenda Packet Page 200
Subject: Financial Update
Date: October 27, 2022
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Fiscal Year 2022-23 – First Quarter
The budget for Fiscal Year 2022-23 was adopted by the City Council on April 22, 2021 and subsequently amended on June 23, 2022 to include appropriations of the City’s allocation of American Rescue Plan Act (ARPA) funding to restore Police Department staffing.
The General Fund budget for Fiscal Year 2022-23 anticipates revenue of $42 million. As of September 30th, the City had received $2.6 million or 6.3 percent of the annual budgeted revenue. This is due to the timing of how revenue is paid to the City. - Sales Tax – The largest source of revenue to the General Fund is sales tax. Sales tax revenue was budgeted at $14.3 million or 33.9 percent of total budgeted revenue.
Because there is a two-month lag in the remittance of sales tax by the State of California, the City has only received $1.0 million by the end of the first quarter of the fiscal year. - Motor Vehicle in-lieu – The second largest source of revenue to the General Fund is motor vehicle in-lieu fees, budgeted at $10.3 million or 24.5 percent of total anticipated revenue. Motor vehicle in-lieu fees are paid to the City in two installments – one-half in January and one-half in May.
- Property Tax – The City will receive its first property tax revenue, the third largest revenue source to General Fund, budgeted at $6.8 million or 16.3 percent, paid to the City in two installments – one-half in January and one-half in May.
General Fund expenditures for Fiscal Year 2022-23 are budgeted at $35.3 million. As of September 30th, the City had expended $10.5 million or 29.6 percent of the annual budget.
Included in the first quarter expenditures are payments for annual insurance premiums and CalPERS pension liabilities. While revenues are cyclical General Fund expenditures are consistent exceeding revenues by $7.8 million during the first quarter of the fiscal year. This is common due to the timing of when revenue is received and the fairly stable monthly expenditure level and demonstrates the significance of maintaining a sufficient level of General Fund reserves.
A summary of General Fund revenues and expenditures as of September 30, 2022 is provided below:
Agenda Packet Page 201
Subject: Financial Update
Date: October 27, 2022
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General Fund Summary
Fiscal Year 2022-23
As of September 30, 2022
FY 2022-23 Actual
Budget Sept. 30, 2022 % of Budget
Revenue
Sales Tax 14,323,000 1,097,675 7.7%
Utility Users Tax 2,850,000 399,956 14.0%
Franchise Fees 1,245,000 99,474 8.0%
Property Tax 6,883,000 - 0.0%
Property Transfer Tax 500,000 87,811 17.6%
Transient Occupancy Tax 18,000 23,858 132.5%
Business License 255,350 96,671 37.9%
Building Permits/Plan Check Fees 1,562,625 501,950 32.1% Licenses and Permits 509,300 113,359 22.3%
Motor Vehicle in Lieu 10,319,000 - 0.0%
Fines & Forfeitures 775,100 57,277 7.4%
Charges for Service 187,000 61,069 32.7%
Community Center Rentals 308,000 134,674 43.7%
Cost Allocations / Reimbursement 1,502,637 7,700 0.5%
Other Revenue 897,110 (11,896) -1.3%
Total Revenue 42,135,122 2,669,578 6.3%
Expenditures
City Council 144,118 22,921 15.9%
City Manager 708,008 96,109 13.6%
Economic Development 559,463 129,721 23.2%
City Attorney 318,270 25,074 7.9%
City Clerk 293,564 72,912 24.8%
Elections 51,000 265 0.5%
Administrative Services Department
Human Resources 716,670 157,832 22.0%
Information Services 1,097,371 289,312 26.4%
Risk Management 2,460,950 1,042,573 42.4%
Finance 973,239 230,455 23.7%
Total Administrative Services Department 5,248,230 1,720,173 32.8% Non-Departmental 2,566,908 1,790,985 69.8%
Police Department
Police 19,641,762 4,358,501 22.2%
Animal Control 771,165 147,082 19.1%
Total Police Department 20,412,927 4,505,583 22.1%
General Services Department
Engineering 488,913 115,953 23.7%
Facility Management 469,808 86,488 18.4%
Community Centers 728,235 182,435 25.1%
Community Events 239,031 61,608 25.8%
Fleet Management 174,458 36,378 20.9%
Total General Services Department 2,100,445 482,863 23.0% Community Development Department
Housing 86,420 40,518 46.9%
Planning 651,869 145,069 22.3%
Building Inspection 979,664 247,671 25.3%
Planning Commission 17,186 - 0.0%
Total Community Development Departmen 1,735,139 433,258 25.0% History & Arts Commission 20,000 - 0.0%
Transfers Out 1,197,000 1,197,000 100.0%
Total Expenditures 35,355,072 10,476,864 29.6%
Operating Surplus/(Shortfall) 6,780,050 (7,807,286)
Agenda Packet Page 202
Subject: Financial Update
Date: October 27, 2022
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American Rescue Plan Act
The City of Citrus Heights was allocated $15.6 million in American Rescue Plan Act (ARPA) funding. To date, the City has appropriated $4.3 million of ARPA funding to the Police Department to restore staffing levels ($2.5million of which $1.6 million was expended in FY 21- 22 and $2.8 million in FY 22-23), $1.4 million for the replacement of Police Fleet Vehicles & equipment, and $600,000 towards the update of the Public Safety Communications Center. An additional $320,000 for Small Business COVID Recovery Grant Program of which $281,111 was expended in FY 21-22 and $975,000 allocation to Beautification Crew, Citrus Heights Block Party Trailer, and Community Projects Grant Program.
A Summary of ARPA funding has been provided below.
Ten Year Financial Forecast
As a strategic fiscal planning tool, the City maintains a long-term financial forecast. This forecast is updated periodically to reflect information currently available regarding anticipated future revenues and expenditures. The financial forecast covers a ten-year period for the City’s General Fund. The City Council last reviewed the Ten-Year Financial Forecast on June 23, 2022. The TenYear Financial Forecast has been updated and includes the following changes:
• One additional year added to forecast period – Fiscal Year 2031-32 • Fiscal Year 2021-22 updated to reflect actual revenues and expenditures • Fiscal Years 2022-23 adjusted to reflect the Adopted Budget • Pension liability (UAL) costs updated based upon recent CalPERS information • Line item added for street repairs with minimal available funding (limited to amount which will not deplete reserves below City Council approved minimum level) • Line item added for potential funding of City match for Auburn Boulevard Complete Streets Revitalization Project ($4.0 million) in Fiscal Year 2023-24 – although it is $ 15,676,972.00
Commited Actual Ending Balance
6/24/2021 Rehire Public Safety staff to pre-pandemic levels FY 21/22 $ 2,541,434.00 $ 1,568,805.00 $ 14,108,167.00 6/24/2021 Rehire Public Safety staff to pre-pandemic levels FY 22/23 $ 2,811,775.00 $ 11,296,392.00 1/13/2022 Small Business COVID Recovery Grant $ 320,000.00 $ 281,111.00 $ 11,015,281.00 6/23/2022 Beautification Crew Pilot Program $ 875,000.00 $ 10,140,281.00 6/23/2022 Police Fleet Vehicles & Equipment $ 1,400,000.00 $ 8,740,281.00 6/23/2022 Public Safety Communications Center Critical Needs $ 600,000.00 $ 8,140,281.00 6/23/2022 Block Party Trailer - Economic Development $ 50,000.00 $ 8,090,281.00 9/22/2022 Community Projects Grant Program $ 50,000.00 $ 8,040,281.00 Spent $ 1,849,916.00
Committed $ 5,786,775.00
Remaining Balance $ 8,040,281.00
ARPA Approved Commited Funds
Total Award
Agenda Packet Page 203
Subject: Financial Update
Date: October 27, 2022
Printed on Recycled Paper
anticipated that some funding will be required in Fiscal Year 2022-23 based upon project schedule.
A summary of the Ten-Year Financial Forecast is provided below. A more detailed version is attached to this report.
The information on Fiscal Year 2021-22 General Fund operating results and the updated Ten Year Financial Forecast was reviewed with the Finance and Administration Committee.
Attachments
1. Ten Year Financial Forecast
FY 2021-22 FY 2022-23 FY 2023-24 FY 2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 FY 2030-31 FY 2031-32 Actual Budget Projected Projected Projected Projected Projected Projected Projected Projected Projected TOTAL REVENUE 36,703,656 42,135,122 42,904,148 44,318,068 45,734,988 47,170,733 48,301,571 49,461,416 50,599,307 51,642,329 52,825,203 TOTAL OPERATING EXPENDITURES 33,665,777 35,355,072 39,917,212 40,214,417 41,393,156 42,623,174 43,840,133 45,093,470 46,384,293 47,713,706 49,083,896 STREET REPAIRS 2,000,000 4,000,000 4,000,000 4,000,000 4,000,000 4,000,000 4,000,000 4,000,000 4,000,000 Auburn Blvd - Phase 2 Match 4,000,000
Net Operating Position 3,037,878 6,780,050 (3,013,064) 103,651 341,832 547,559 461,437 367,946 215,014 (71,378) (258,693) Ending Reserve Balance $ 11,457,802 $ 18,237,851 $ 15,224,787 $ 15,328,438 $ 15,670,271 $ 16,217,830 $ 16,679,267 $ 17,047,213 $ 17,262,227 $ 17,190,850 $ 16,932,157 Minimum Reserve per City Council Policy (17%) $ 5,723,182 $ 6,010,362 $ 7,805,926 $ 7,516,451 $ 7,716,836 $ 7,925,940 $ 8,132,823 $ 8,345,890 $ 8,565,330 $ 8,791,330 $ 9,024,262 Over(under) Reserve Target 5,734,619 12,227,489 7,418,861 7,811,988 7,953,434 8,291,890 8,546,445 8,701,323 8,696,897 8,399,520 7,907,894 City Manager Target Reserve @25% 8,416,444 8,838,768 11,479,303 11,053,604 11,348,289 11,655,794 11,960,033 12,273,368 12,596,073 12,928,427 13,270,974 Over(under) Reserve Target 3,041,357 9,399,083 3,745,484 4,274,834 4,321,982 4,562,036 4,719,234 4,773,846 4,666,154 4,262,423 3,661,183 Agenda Packet Page 204
General Fund Ten Year Financial Forecast
With Partial Steet Funding
October 2022 10/27/2022
FY 2021-22 FY 2022-23
FY 19/20 FY 2020-21 Budget FY 2021-22 Amended Budget FY 2023-24 FY 2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 FY 2030-31 FY 2031-32 Actual Actual (Amended) Actual (Unaudited) (Jun Forecast) Projected Projected Projected Projected Projected Projected Projected Projected Projected
REVENUE
Taxes and Franchises
Property Tax - - - - 6,883,000 7,183,497 7,495,213 7,825,438 8,170,146 8,333,549 8,500,220 8,670,224 8,843,629 9,020,501 Sales & Use Tax 12,083,836 13,373,483 14,104,000 14,412,009 14,323,000 14,677,899 15,059,312 15,360,498 15,667,708 15,981,062 16,300,684 16,626,697 16,959,231 17,298,416 Utility Users Tax 2,650,891 2,717,945 2,780,000 3,065,239 2,850,000 2,850,000 2,850,000 2,850,000 2,850,000 2,850,000 2,850,000 2,850,000 2,850,000 2,850,000 Franchise Fees 664,123 619,090 700,000 747,106 725,000 743,125 761,703 780,746 800,264 820,271 840,778 861,797 883,342 905,426 Solid Waste Franchise Fees 497,073 522,754 515,000 543,059 520,000 533,000 546,325 559,983 573,983 588,332 603,041 618,117 633,570 649,409 Real Property Transfer Tax 306,250 383,773 450,000 638,183 500,000 379,250 388,731 398,450 408,411 418,621 429,087 439,814 450,809 462,079 Transient Occupancy Tax 19,879 23,237 18,000 32,595 23,000 36,000 36,900 37,823 38,768 39,737 40,731 41,749 42,793 43,863 Total Taxes and Franchises 16,222,051 17,640,282 18,567,000 19,438,191 25,824,000 26,402,771 27,138,184 27,812,937 28,509,280 29,031,573 29,564,539 30,108,398 30,663,373 31,229,693 Licenses and Permits
Business License Tax 275,399 291,240 290,900 377,201 298,875 316,981 324,906 333,028 341,354 349,888 358,635 367,601 376,791 386,211 Building Plan Check 237,914 592,703 614,200 682,365 348,000 269,216 275,947 282,845 289,916 297,164 304,593 312,208 320,014 328,014 Engineering Plan Check 176,563 (17,013) 32,800 33,193 33,700 34,543 35,406 36,291 37,198 38,128 39,082 40,059 41,060 42,087 Zone Check 11,650 26,456 6,700 - 10,000 10,250 10,506 10,769 11,038 11,314 11,597 11,887 12,184 12,489 Building Permit Fees 940,625 1,789,146 1,870,000 2,056,477 1,340,700 1,045,193 1,071,322 1,098,105 1,125,558 1,153,697 1,182,539 1,212,103 1,242,405 1,273,466 Engineering Fees Utilities (17,096) 63,212 132,600 76,429 60,000 140,015 143,515 147,103 150,781 154,550 158,414 162,374 166,434 170,595 Tree Permit 2,100 1,470 1,500 - 2,000 2,050 2,101 2,154 2,208 2,263 2,319 2,377 2,437 2,498 Transportation Permits 26,322 16,340 15,000 15,186 15,000 15,375 15,759 16,153 16,557 16,971 17,395 17,830 18,276 18,733 Animal License 51,150 43,547 47,000 39,756 40,000 55,000 55,000 55,000 55,000 55,000 55,000 55,000 55,000 55,000 Total Licenses and Permits 1,704,626 2,807,101 3,010,700 3,280,607 2,148,275 1,888,623 1,934,463 1,981,450 2,029,611 2,078,976 2,129,576 2,181,440 2,234,601 2,289,091 Fines and Forfeitures 939,543 877,599 755,200 787,639 775,100 1,027,667 1,053,359 1,079,693 1,106,685 1,134,352 1,162,711 1,191,779 1,191,779 1,221,573 Intergovernmental (inc. Motor Vehicle In-Lieu Fees) 8,945,458 12,418,967 9,606,920 9,762,521 10,319,500 10,229,981 10,673,963 11,144,684 11,635,050 11,984,101 12,343,624 12,713,933 13,095,351 13,488,212 Use of Money 78,560 5,109 30,000 (263,808) 50,000 114,578 119,366 153,284 156,703 162,178 166,793 170,472 172,622 171,908 Charges for Services 691,109 422,960 556,050 597,576 675,100 897,746 920,190 943,195 966,775 990,944 1,015,717 1,041,110 1,041,110 1,067,138 Dignity Lease 133,267 173,356 214,451 214,451 256,609 299,737 343,987 389,343 435,834 483,487 532,331 582,397 633,714 682,565 Cost Allocations 1,483,599 1,415,720 1,458,192 1,440,305 1,501,937 1,577,973 1,657,857 1,741,786 1,829,964 1,922,606 2,019,938 2,070,437 2,070,437 2,122,198 CARES Act -
FEMA/Cal OES - Great Plates Reimbursement -
Other Revenues 1,111,116 1,165,750 1,010,822 1,446,174 584,601 465,072 476,699 488,617 500,832 513,353 526,187 539,341 539,341 552,825 TOTAL REVENUE $ 31,309,328 $ 36,926,844 $ 35,209,335 $ 36,703,656 $ 42,135,122 $ 42,904,148 $ 44,318,068 $ 45,734,988 $ 47,170,733 $ 48,301,571 $ 49,461,416 $ 50,599,307 $ 51,642,329 $ 52,825,203
EXPENDITURES
Labor
Salaries (incl OT, standby) 17,351,643 16,683,636 16,733,981 15,436,359 17,375,867 20,458,928 21,072,696 21,704,877 22,356,023 23,026,704 23,717,505 24,429,030 25,161,901 25,916,758 Retirement 2,153,431 2,196,810 2,206,795 1,914,627 2,265,107 2,561,640 2,638,489 2,717,644 2,799,173 2,883,148 2,969,643 3,058,732 3,150,494 3,245,009 Retiremenent - UAL 800,066 1,102,196 1,353,703 1,353,703 1,613,206 1,771,228 1,933,817 2,037,624 2,133,476 2,182,244 2,232,344 2,283,834 2,336,733 2,392,114 Compensated Absences 360,000 366,237 350,000 400,000 400,000 400,000 400,000 400,000 400,000 400,000 400,000 400,000 Benefits (excluding Retirement) 4,015,660 4,180,628 3,933,341 3,113,744 4,096,963 4,867,064 5,013,076 5,163,469 5,318,373 5,477,924 5,642,262 5,811,529 5,985,875 6,165,451 Total Labor 24,320,800 24,163,270 24,587,820 22,184,670 25,701,142 30,058,860 31,058,078 32,023,612 33,007,045 33,970,020 34,961,753 35,983,125 37,035,003 38,119,332 Operating Costs 7,401,712 6,698,864 8,400,861 7,236,186 8,380,730 8,632,152 7,980,139 8,219,543 8,466,130 8,720,114 8,981,717 9,251,169 9,528,704 9,814,565 Interest Expense 332,845 247,920 76,200 76,200 76,200 - - - - - - - Line of Credit Principal Repayment 3,520,001 3,520,001 - - - - - - - - - - Transfers-Out 437,312 487,000 477,000 1,197,000 1,150,000 1,100,000 1,150,000 1,150,000 1,150,000 1,150,000 1,150,000 1,150,000 1,150,000 Auburn Blvd - Phase 2 City Match 4,000,000
STREET REPAIRS - - - - - 2,000,000 4,000,000 4,000,000 4,000,000 4,000,000 4,000,000 4,000,000 4,000,000 4,000,000 TOTAL EXPENDITURES $ 31,722,512 $ 33,316,148 $ 37,328,527 $ 33,665,777 $ 35,355,072 $ 45,917,212 $ 44,214,417 $ 45,393,156 $ 46,623,174 $ 47,840,133 $ 49,093,470 $ 50,384,293 $ 51,713,706 $ 53,083,896 NET OPERATING POSITION $ (413,184) $ 3,610,696 $ (2,119,192) $ 3,037,878 $ 6,780,050 $ (3,013,064) $ 103,651 $ 341,832 $ 547,559 $ 461,437 $ 367,946 $ 215,014 $ (71,378) $ (258,693) Line of Credit Draw for Operating Expenses -
Net Position After Line of Credit Draw
Beginning Reserve Balance (Unassigned/Committed) 8,419,923 8,419,923 11,457,802 18,237,851 15,224,787 15,328,438 15,670,271 16,217,830 16,679,267 17,047,213 17,262,227 17,190,850 Ending Reserve Balance $ 8,419,923 $ 6,300,731 $ 11,457,802 $ 18,237,851 $ 15,224,787 $ 15,328,438 $ 15,670,271 $ 16,217,830 $ 16,679,267 $ 17,047,213 $ 17,262,227 $ 17,190,850 $ 16,932,157 June 2022 Forecast $ 8,447,432 $ 6,300,731 $ 9,793,675 $ 16,573,724 $ 13,040,085 $ 12,500,669 $ 13,058,094 $ 13,470,280 $ 13,791,805 $ 14,015,191 $ 14,080,886 $ 13,855,316 $ 13,437,441 Minimum Reserve per Council Policy (17%) $ 5,663,745 $ 6,345,850 $ 5,723,182 $ 6,010,362 $ 7,125,926 $ 7,516,451 $ 7,716,836 $ 7,925,940 $ 8,132,823 $ 8,345,890 $ 8,565,330 $ 8,791,330 $ 9,024,262 City Manager Target Reserve @25% $ 8,329,037 $ 9,332,132 $ 8,416,444 $ 8,838,768 $ 11,479,303 $ 11,053,604 $ 11,348,289 $ 11,655,794 $ 11,960,033 $ 12,273,368 $ 12,596,073 $ 12,928,427 $ 13,270,974 Agenda Packet Page 205
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CITY OF CITRUS HEIGHTS
CITY COUNCIL STAFF REPORT
MEMORANDUM
DATE: October 27, 2022
TO: Mayor and City Council Members
Ashley J. Feeney, City Manager
FROM: Susan Talwar, Administrative Services Director
Tammy Nossardi, Finance Manager
Brian Koski, Information Technology Manager
SUBJECT: Request to Utilize American Rescue Plan Act Funds to Upgrade Major, Critical Information Technology Projects and Execute a Contract with Tyler Technologies
Summary and Recommendation
At the May 10, 2022 Strategic Planning Meeting, the City Council established an objective to present to City Council for direction, options and recommendations on replacement of enterprise financial software system (Eden).
The City’s Enterprise Resource Planning (ERP) system has become obsolete and will no longer be serviced by the vendor starting in 2024. The ERP system is the central software system for municipal operations. This item has long been identified as a need to be addressed. Tyler Munis is an excellent product when evaluated against other vendors and many cities are switching to this vendor at a much higher cost as they would need to migrate their data from another vendor.
Fortunately, the city currently utilizes Tyler Eden who is offering the replacement Tyler Munis product. This is a one-time investment that should last a decade or more before needing to be revisited. There will be annual maintenance cost as with any system that will be ongoing.
Staff recommends the City Council adopt Resolution No. 2022 _______ a resolution of the City Council of the City of Citrus Heights, California authorizing the City Manager to utilize the American Rescue Plan Act (ARPA) Funds for Information Technology (IT) hardware and software critical projects.
Staff recommends the City Council adopt Resolution No. 2022 _______ a resolution of the City Council of the City of Citrus Heights, California authorizing the City Manager to execute a contract with Tyler Technologies (Attachment 3) for an Enterprise Resource Planning (ERP) system.
Item 16 Agenda Packet Page 206
Subject: Request to Utilize American Rescue Plan Act Funds to Upgrade Major, Critical Information Technology Projects and Execute a Contract with Tyler Technologies Date: October 27, 2022
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Fiscal Impact
Major components of the City’s Information Technology hardware equipment and software is in need of updates due to its end-of-life cycle. Staff is requesting funding through ARPA of $1,198,350. The FY 22-23 budget has allocated $590,000 for IT replacements, which is not enough to catch up on updates to citywide technology. Staff discussed funding recommendations with the Finance Committee on October 19, 2022. The Finance Committee recommended use of ARPA funds as this is a one-time request, is part of a critical city need and is consistent with ARPA guidelines. The request fits within the ARPA limitations of “Technology infrastructure to improve access to and the user experience of government IT systems…”, freeing up budgeted General Fund dollars for other projects/operating needs. Over the past decade, IT has deferred maintenance and/or replacements due to lack of funding. Annual maintenance cost in the following fiscal years of $106,224 would be incorporated into the information systems software maintenance General Fund account. No fiscal impact to the General Fund is projected in FY22-23.
Table 1 – Cost Breakdown of Information Technology Upgrades Item qty unit cost
Tyler Enterprise ERP 1 $ 860,350 $ 860,350
Virtual Cluster - Servers and File Storage 2 $ 80,000 $ 160,000 Core/backbone switches 2 $ 25,000 $ 50,000
Data Backup system 1 $ 65,000 $ 65,000
Workstations - Desktop PC 60 $ 530 $ 32,000
Workstations - Laptops 26 $ 1,170 $ 31,000
Total Request: $ 1,198,350
Vendor Operation Annual Maintenance Cost
Current Projected Net Impact
Permit City Building Permits $16,000
MGO Planning $8,640
CitizenServe Business Licenses $10,800
Permit Soft General Services Permits $13,000
Tyler Eden Finance $28,500
Time and Attendance Payroll $3,400
Tyler Munis ERP All of the above, plus HR &
Payroll
$186,564
Net Impact to Budget $106,224
Agenda Packet Page 207
Subject: Request to Utilize American Rescue Plan Act Funds to Upgrade Major, Critical Information Technology Projects and Execute a Contract with Tyler Technologies Date: October 27, 2022
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Table 2 – History of ARPA Funding Allocations
ARPA Approved Committed Funds
Total Award $ 15,676,972
6/24/2021 Rehire Public Safety staff to pre-pandemic levels FY 21/22 $ (1,568,805) 6/24/2021 Rehire Public Safety staff to pre-pandemic levels FY 22/23 $ (2,811,775) 1/13/2022 Small Business COVID Recovery Grant $ (281,111) 6/23/2022 Beautification Crew Pilot Program $ (875,000) 6/23/2022 Police Fleet Vehicles & Equipment $ (1,400,000) 6/23/2022 Public Safety Communications Center Critical Needs $ (600,000) 6/23/2022 Block Party Trailer - Economic Development $ (50,000) 9/22/2022 Community Projects Grant Program $ (50,000)
Remaining Balance $ 8,040,281
Proposed ERP System and Technology $ (1,198,350)
Proposed Total Allocation Remaining $ 6,841,931
Background and Analysis
Enterprise Resource Planning System
The City’s Enterprise Resource Planning (ERP) system is a vital component of the City’s operations and serves as the primary software platform to manage day-to-day activities including but not limited to accounts receivable, accounts payable, general ledger, costs, budgets, forecasting, payroll, benefits, employee data management, and operational and financial reports.
The current Tyler Eden system was implemented in 2010, this older version of ERP system software is antiquated and will no longer be supported at the end of 2024. In addition, the City uses four separate third party payment processing systems (Permit City, MGO, CitizenServe and Permit Soft) to collect revenue for the City.
The cost to upgrade the existing financial module alone quoted an implementation cost of $490,000 and an annual maintenance increase of $90,000. Administrative Services staff met with key staff across City departments, including the Police Department, to better understand the needs with respect to the systems currently utilized and the needs in the next ERP system. It was clear the need for efficiencies in workflow, combining six existing systems onto one platform would save staff time and also provide an enhanced customer service experience. It will also avoid continually needing to renew licensing on other systems and greatly improve municipal service efficiencies. The Tyler Munis system is an upgrade of the existing Tyler Eden product that the city currently uses which will cost $860,350 which is less costly than switching to an alternative vendor product that would require data migration.
Tyler Technologies is a leader in the municipal government ERP, with 37,000 installations in 12,000 locations. Tyler Munis ERP is being used by over 2,000 public agencies in California.
Tyler Munis ERP is designed specifically for governments and integrates finance, purchasing, Agenda Packet Page 208
Subject: Request to Utilize American Rescue Plan Act Funds to Upgrade Major, Critical Information Technology Projects and Execute a Contract with Tyler Technologies Date: October 27, 2022
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payroll, human resources, community development, code enforcement, project management and permitting. Tyler Munis continued to refine their platform during the pandemic allowing for better customer service interface for those that wish to utilize remote services.
The new version of the Munis software would centralize collection into one system and provide a modern, web-based graphical user interface, and additional functionality that can be leveraged to improve service delivery through streamlined business processes.
The implementation of Tyler Munis will be an extensive project spanning over multiple fiscal years. The implementation will be divided into phases, with each phase “going-live” before we move on to the next phase. Each phase includes: evaluating the City’s current workflows and business processes; identifying new processes to function within the new ERP; updating processes to current best practices enabled by the new ERP; testing the functionality and accuracy of the processes built into the new ERP and training all users. In authorizing a contract now, staff and the vendor will be able to start the process of transitioning to the new system in January 2023. The complete transition (including financials, procurement, Human Resources, Payroll, revenues, permitting and licensing) to Tyler Munis ERP/EnerGov is expected to be completed by Fiscal Year 23-24.
Hardware and Supporting Infrastructure
The replacement of the City’s virtual server platform, backbone switches and data backup system are coming to the end of its life cycle this fiscal year. This combined system provides 90% of the city and police client-server environment. The system saves on overall hardware, power consumption, and provides fault tolerance for uptime and redundancy. The system components were purchased in late 2015, several of these servers have had multiple warranty extensions and will be out of warranty, or unable to be covered further under warranty due to lack of parts or age of the system itself. Industry standard replacement cycle for hardware such as servers and workstations are generally five years.
Attachments
1. Resolution No. 2022 _______ a resolution of the City Council of the City of Citrus Heights, California authorizing the City Manager to utilize the American Rescue Plan Act (ARPA) Funds for Information Technology (IT) hardware and software critical projects.
2. Resolution No. 2022 _______ a resolution of the City Council of the City of Citrus Heights, California authorizing the City Manager to execute a contract with Tyler Technologies for the use of and implementation of Enterprise Resource Planning (ERP) system software, service and maintenance agreement.
Agenda Packet Page 209
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RESOLUTION NO. 2022- ___
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CITRUS HEIGHTS,
CALIFORNIA, AUTHORIZING THE CITY MANAGER TO UTILIZE THE AMERICAN
RESCUE PLAN ACT FUNDS FOR INFORMATION TECHNOLOGY HARDWARE AND
SOFTWARE CRITICAL PROJECTS
WHEREAS, the City of Citrus Heights has determined a need to update technology to meet the City’s operational needs; and
WHEREAS, at the Strategic Planning Workshop on May 10, 2022 a strategic Objective was defined to present to City Council for direction, options, and recommendations on replacement of enterprise financial software; and
WHEREAS, the hardware and software replacement schedules have lagged beyond normal cycles and is in need of updates and replacements; and
WHEREAS, the City will utilize the funds to replace and update information technology hardware and software determined to be outdated; and
WHEREAS, the City Council wishes to authorize staff to utilize American Rescue Plan Act funds for the information technology replacement project.
NOW THEREFORE BE IT RESOLVED AND ORDERED by the City of Citrus Heights that the City Council hereby authorizes the City Manager to acquire and install the necessary information technology hardware and software in the amount not to exceed $1,198,350.
The City Clerk shall certify the passage and adoption of this Resolution and enter it into the book of original resolutions.
PASSED AND ADOPTED by the City Council of the City of Citrus Heights, California, this 27th day of October 2022 by the following vote, to wit:
AYES: Council Members:
NOES: Council Members:
ABSTAIN: Council Members:
ABSENT: Council Members:
Porsche Middleton, Mayor
ATTEST:
Amy Van, City Clerk
Agenda Packet Page 210
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RESOLUTION NO. 2022- ___
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CITRUS HEIGHTS,
CALIFORNIA, AUTHORIZING THE CITY MANAGER TO EXECUTE A CONTRACT
WITH TYLER TECHNOLOGIES FOR AN ENTERPRISE RESOURCE PLANNING SYSTEM
WHEREAS, the City of Citrus Heights is to replace its current Enterprise Resource Planning (ERP) System; and
WHEREAS, at the Strategic Planning Workshop on May 10, 2022 a strategic Objective was defined to present to City Council a for direction, options, and recommendations on replacement of enterprise financial software; and
WHEREAS, the City determined that the MUNIS and Energov products proposed by Tyler Technologies are the best products to meet the City’s operational needs; and WHEREAS, the City wishes to enter into an Agreement with Tyler Technologies, Inc. to implement an Enterprise Resource Planning System in the amount of $860,350; and WHEREAS, the ERP replacement project is to be funded through the American Rescue Plan Act; and
WHEREAS, the City Council wishes to authorize the City Manager, with consultation from the City Attorney, to execute a License and Services Agreement with terms favorable to the City.
NOW THEREFORE BE IT RESOLVED AND ORDERED by the City of Citrus Heights that the City Council hereby authorizes the City Manager, with consultation from the City Attorney, to execute a License and Services
Agreement with Tyler Technologies for $860,350. The City Manager and City Attorney are given authority to execute an Agreement in the best interest of the City.
The City Clerk shall certify the passage and adoption of this Resolution and enter it into the book of original resolutions.
PASSED AND ADOPTED by the City Council of the City of Citrus Heights, California, this 27th day of October 2022 by the following vote, to wit:
AYES: Council Members:
NOES: Council Members:
ABSTAIN: Council Members:
ABSENT: Council Members:
Porsche Middleton, Mayor
ATTEST:
Agenda Packet Page 211
Tyler Munis Energov Contract Services
Amy Van, City Clerk
Agenda Packet Page 212