Written materials relating to an item on this agenda that are distributed to the legislative bodies within 72 hours before the item is to be considered at its regularly scheduled meeting will be made available for public inspection at the City Clerk’s Office, 300 West Third Street 4th Floor during customary business hours. Agenda reports are also on the City of Oxnard web site at www.oxnard.org.
In compliance with the Americans with Disabilities Act, if you require special assistance to participate in a meeting, please contact the City Clerk’s Office at 385-7803. Notice at least 72 hours prior to the meeting will enable the City to reasonably arrange for your accessibility to the meeting.
Agenda Item time estimates: (Presentation / Committee Discussion / Public Comment) AGENDA
OXNARD CITY COUNCIL
FINANCE AND GOVERNANCE COMMITTEE
Council Chambers, 305 West Third Street
February 22, 2022
Regular Meeting - 5:00 to 6:30 PM
(Temporary Time Change)
Zoom details to call-in for public comment during a meeting:
1. Dial Phone Number: (888) 475-4499
2. Enter Meeting ID: 852 5119 7161
3. Passcode: 459379
If you wish to speak during public comments or a particular item on the agenda, please sign-on by following the zoom calling in steps listed above. Once the Mayor calls for public speakers, press *9 to raise your hand to inform the City Clerk you would like to speak during the public speaking section for that particular item on the agenda, while in the zoom waiting room.
This meeting is being held in accordance with Assembly Bill 361, allowing members of the City Council, members of the public and staff to participate via teleconference.
Consistent with City policies imposed to promote social distancing, the facility where the City Council regularly meets is temporarily closed to the public. The public is encouraged to view the meeting from home on Spectrum channel 10, Frontier channel 35, or YouTube at Youtube.com/oxnardnews. Video recordings of the meeting are typically available online following the meeting at the City’s website at www.oxnard.org/city-meetings.
*Please see the link for the Measure M pre-recorded presentation video for each item listed on this agenda.
YOU MAY PARTICIPATE IN THE MEETING IN THE FOLLOWING WAYS:
1. EMAILING COMMENTS OR REQUESTING TO SIGN UP TO SPEAK BEFORE THE MEETING a. Submit an email to [email protected] no later than 3 p.m. on the day of the meeting (Please indicate the agenda item number in the subject line). All email correspondence will be forwarded to the City Council prior to the start of the meeting and made part of the legislative record.
b. Submit a request to speak by no later than 3 p.m. on the day of the meeting by using the form available at www.oxnard.org/city- meetings, emailing the City Clerk at [email protected], or calling the City Clerk at (805) 385-7803.
2. PROVIDING PUBLIC COMMENTS DURING THE MEETING
a. To provide public comment without requesting to speak prior to the meeting, during the meeting dial (888) 475-4499 and enter the Meeting ID and Passcode listed above as the Zoom details for this meeting. b. Public comments on agenda items shall be taken following the announcement of the item. After the item is announced, members of the public shall have three minutes to register or otherwise be recognized for the purpose of providing public comment. During this three-minute time period, public comments may be taken and the City Council or staff may discuss the item being considered or briefly respond to public comments.
Detailed participation instructions can be found at www.oxnard.org/city-meetings.
In the event of a disruption which prevents a legislative body of the City of Oxnard from broadcasting a meeting using a call-in option or internet-based service option, or in the event of a disruption within the City’s control which prevents members of the public from offering public comment using the call-in option or internet-based service option, the legislative body shall take no further action on items appearing 1 OXNARD CITY COUNCIL: FINANCE & GOVERNANCE COMMITTEE
February 22, 2022 - Page 2
on a meeting agenda until public access to the meeting via the call-in option or internet-based service option is restored. However, if any of the broadcast options are disrupted, but any of the other broadcast options is still available to the public, the legislative body may take further action on items appearing on a meeting agenda without waiting for the disrupted broadcast option(s) to be restored. * The City has filed pre-election and post-election lawsuits regarding the validity of Measure M.
A. ROLL CALL, POSTING OF AGENDA, FLAG SALUTE
B. PUBLIC COMMENTS ON ITEMS NOT ON THE AGENDA
A person may address the legislative body only on matters not appearing on the agenda and within the subject matter jurisdiction of the legislative body. Speaker requests shall be submitted as set forth on the first page of this agenda. Speakers are limited to three minutes. After 30 minutes, if all speakers have not had the opportunity to speak, the remaining speakers will be given an opportunity to speak prior to adjournment of the meeting. The legislative body cannot enter into a detailed discussion or take action on any items presented during public comments at this time. Such items may only be referred to the City Manager/Executive Director/Secretary for administrative action or scheduled on a subsequent agenda for discussion. Persons wishing to speak on public hearing items should do so at the time of the hearing.
C. CONSENT AGENDA
1. City Clerk Department
SUBJECT: Approval of Minutes.
RECOMMENDATION: That the Finance & Governance Committee approve the minutes of the February 8, 2022 regular meeting as presented.
Legislative Body: Finance & Governance Committee
Contact: Rose Chaparro, (805) 385-7805
D. REPORTS
1. Finance Department
SUBJECT: Accounts Receivable Write-Off (0/5/5)
RECOMMENDATION: That the Finance and Governance Committee receive the Annual Accounts Receivable Write-Off Report and authorize staff to present the report to City Council.
Please click the following link to view the required Measure M pre-recorded presentation video:
https://youtu.be/wULW3fGBOO8
Contact: Betsy George, 805-200-5400
2. Finance Department
SUBJECT: Resolution Declaring the Intent of the City to be Reimbursed for Certain Capital Expenditures from the Proceeds of Indebtedness. (5/5/5)
RECOMMENDATION: That the Finance and Governance Committee recommend City Council adopt a resolution declaring the intent of the City to be reimbursed for certain capital expenditures from the proceeds of indebtedness.
(Presentation will be live at the consultant's request.) Contact: Betsy George, 805-200-5400
3. Finance Department
SUBJECT: FY 2021-22 Budget Mid-Year Review. (0/10/10)
RECOMMENDATION: That the Finance and Governance Committee:
1. Receive an update on the FY 2021-22 revenue and expenditure projections for major funds, and 2 OXNARD CITY COUNCIL: FINANCE & GOVERNANCE COMMITTEE
February 22, 2022 - Page 3
authorize staff to make the presentation to City Council, incorporating any updates or new information that may arise in the interim;
2. Recommend that City Council approve a budget appropriation request in the amount of $1,000,000 to Public Liability Fund (701) and $162,947 to Workers’ Compensation Fund (702) for an overall total appropriation of $1,162,947;
3. Recommend that City Council adopt a resolution approving amendments to the Position Control Resolution; and
4. Recommend that City Council adopt a resolution approving amendments to the Classification and Salary Schedule Resolution.
Please click the following link to view the required Measure M pre-recorded presentation video: https://youtu.be/jXXVVJpYFC4
Contact: Betsy George, 805-200-5400
E. ITEMS FOR FUTURE AGENDAS
F. ADJOURNMENT
3 FINANCE AND GOVERNANCE COMMITTEE
AGENDA REPORT
CONSENT AGENDA
AGENDA ITEM NO. C.1
DATE: February 22, 2022
TO: Finance & Governance Committee
FROM: Rose Chaparro, City Clerk, (805) 385-7805, [email protected]
SUBJECT: Approval of Minutes.
RECOMMENDATION
That the Finance & Governance Committee approve the minutes of the February 8, 2022 regular meeting as presented.
BACKGROUND
Approval of Minutes.
STRATEGIC PRIORITIES
This agenda item is a routine operational item.
FINANCIAL IMPACT
There is no financial impact.
Prepared by: Rose Chaparro, City Clerk
ATTACHMENTS
1. MINUTES 02 08 2022 Finance & Governance
4 MINUTES
OXNARD CITY COUNCIL
FINANCE AND GOVERNANCE COMMITTEE
Regular Meeting
FEBRUARY 8, 2022
A. ROLL CALL, POSTING OF AGENDA, FLAG SALUTE
At 5:0 2 p.m., Chair John C. Zaragoza called to order the regular meeting of the Oxnard City Council Finance and Governance Committee in the City Hall Council Chambers at 305 W. Third Street, Oxnard, California. The City Clerk called the roll and announced the posting of the agenda. Chair Zaragoza was present in person. Member Gabriela Basua and Member Gabriel (Gabe) Teran par ticipated via videoconference.
Staff members present in person were Stephen M. Fischer, City Attorney and Rose Chaparro, City Clerk.
Staff members that participated via videoconference were Alexander Nguyen, City Manager; Shiri Klima, Deputy City Manager; Alexander Hamilton, Fire Chief; Betsy George, Chief Financial Officer; and Eden Alomeri, Revenue & Licensing Director & Assistant City Treasurer.
Craig Hill and Mike Meyer with NHA Advisors; and Russ Trice and Stepan Haytayan with Norton Rose Fulbright Law Firm; also participated via videoconference.
B. PUBLIC COMMENTS ON ITEMS NOT ON THE AGENDA (None received.)
C. CONSENT AGENDA
1. City Clerk Department SUBJECT: Approval of Minutes.
RECOMMENDATION: That the Finance & Governance Committee approve the minutes of the January 25, 2022 regular meeting as presented.
It was moved by Member Teran, seconded by Member Basua , to approve the Information/Consent item as presented. VOTE: Teran, Basua, and Zaragoza voted in favor; the motion carried 3-0.
D. REPORTS
1. Finance Department SUBJECT: Purchase Order (PO 8173) Increase Request for Tri-County Office Furniture. (0/5/5)
RECOMMENDATION: That the Finance and Governance Committee recommend City Council authorize the Mayor to execute an amendment for Purchase Order 8173 with Tri-County Office Furniture to increase the Purchase Order by $300,000 for a total amount not to exceed $500,000 for the purchase and installation of office furniture.
Betsy George, Chief Financial Officer, presented and answered the Committee’s questions. No p ublic comments were received. Discussion ensued among the Committee and staff.
It was moved by Member Teran, seconded by Member Basua, to approve the recommended action as presented .
VOTE: Basua, Zaragoza, and Teran voted in favor; the motion carried 3-0.
2. Information Technology Department
5 FEBRUARY 8, 2022 OXNARD CITY COUNCIL PAGE 3
FINANCE & GOVERNANCE COMMITTEE
SUBJECT: Second Amendment to Superion CentralSquare Software License Agreement A-8011. (0/10/5)
RECOMMENDATION: That the Finance and Governance Committee recommend that City Council approve and authorize the Mayor to execute a second amendment to Software License Agreement A-8011 with Superion LLC, a CentralSquare Company, in the amount of $250,366 for a new not-to-exceed agreement amount of $800,714 for information technology software and services.
This item was pulled from this meeting agenda and will be brought back to Council at a future date.
3. Finance Department SUBJECT: FY 2021-22 Budget Mid-Year Review. (0/10/10)
RECOMMENDATION: That the Finance and Governance Committee:
1. Receive an update on the FY 2021-22 revenue and expenditure projections for major funds, and authorize staff to make the presentation to City Council, incorporating any updates or new information that may arise in the interim;
2. Recommend that City Council approve a budget appropriation request in the amount of $1,000,000 to Public Liability Fund (701) and $162,947 to Workers’ Compensation Fund (702) for an overall total appropriation of $1,162,947;
3. Recommend that City Council adopt a resolution approving amendments to the Position Control Resolution; and
4. Recommend that City Council adopt a resolution approving amendments to the Classification and Salary Schedule Resolution.
This item was pulled from this meeting agenda and will be brought back to Council at a future date.
4. Finance Department
SUBJECT: CalPERS Pension Liability Update – Presentation on Unfunded Accrued Liability (UAL), Concept of Restructuring UAL for a Lower Interest Rate and Recommendation to Initiate a Validation Process. (15/20/10)
RECOMMENDATION: That the Finance and Governance Committee:
1. Receive a presentation from the City’s municipal advisor on the current status and projections for the CalPERS pension program, and discuss the concept of restructuring the City’s UAL;
2. Provide feedback to staff and the municipal advisor as to whether a validation process should be initiated in order to preserve future options to restructure the UAL initially at a lower interest rate than CalPERS is charging the City on the UAL debt; and
3. If “yes” on #2 above, recommend City Council approve a resolution authorizing the initiation of a validation process and form of Trust Agreement.
Betsy George, Chief Financial Officer, presented and introduced Craig Hill and Mike Meyer with NHA, and Russ Trice and Stepan Haytayan with Norton Rose Fulbright, who were available to answer the Committee’s questions. No public comments were received. Discussion ensued among the Committee and staff.
It was moved by Chair Zaragoza, seconded by Member Teran , to approve the recommended action as
presented. VOTE: Teran, Basua, and Zaragoza voted in favor; the motion carried 3-0. 6 FEBRUARY 8, 2022 OXNARD CITY COUNCIL PAGE 3
FINANCE & GOVERNANCE COMMITTEE
E. ITEMS FOR FUTURE AGENDAS (No requests were made.)
F. ADJOURNMENT
There being no further business on the agenda, and without objection, Chair Zaragoza adjourned the meeting at 5:47 p.m.
ROSE CHAPARRO JOHN C. ZARAGOZA
City Clerk Chair
7 FINANCE AND GOVERNANCE COMMITTEE
AGENDA REPORT
REPORTS
AGENDA ITEM NO. D.1
DATE: February 22, 2022
TO: Finance & Governance Committee
FROM: Betsy George, Chief Financial Officer, 805-200-5400, [email protected]
SUBJECT: Accounts Receivable Write-Off (0/5/5)
RECOMMENDATION
That the Finance and Governance Committee receive the Annual Accounts Receivable Write-Off Report and authorize staff to present the report to City Council.
Please click the following link to view the required Measure M pre-recorded presentation video:
https://youtu.be/wULW3fGBOO8
BACKGROUND
It is the policy of the City of Oxnard to actively pursue collection of past-due accounts receivable, regularly review the status of past-due accounts, and write off (on an annual basis at fiscal year end, unless definitively deemed uncollectible during the year) amounts determined to be uncollectible. After exhausting reasonable efforts to collect past due accounts, the department providing the services for which the debt is owed sends a ten-day collection notice. Debts that remain uncollected after the ten-day response period are submitted to the City's debt collection vendor. Collection efforts continue to be performed until the statute of limitations expires. Collection efforts may end prior to the statute of limitations expiring if bankruptcy has been discharged for the account, a business no longer exists, or an individual is deceased.
Acceptable reasons for writing off a receivable account include:
Discharged Bankruptcy. The account has been discharged through bankruptcy court, and the file has been noted with the date filed, number, court district, and date of discharge. Deceased. The debtor is deceased with no estate.
Invalid Referral. The account was assigned in error. A billing should not have been generated. No Judgment. The debt was reviewed by a court, and the court determined that the debt could not be substantiated.
Statute of Limitations. The statute of limitations has expired (usually after four years for General Billing and two years for Utility Billing) without payment or promise of payment since the last transaction date.
Amount Does Not Warrant Further Effort. No response to demand for payment. Further pursuit would not be cost effective.
Resolution No. 15,281, which was adopted on November 19, 2019, established that writing off accounts 8 receivable must be approved by the City Council, except when the amount of any individual account is less than $25,000, in which case the City Manager may approve the charge off.
DISCUSSION
During a detailed review by the Finance Department of the City’s accounts receivable aging, 1,019 customer accounts totaling $419,645.73 were identified that are deemed uncollectible as the statute of limitations has expired. 529 individual Utility Billing accounts (Water, Wastewater, and Environmental Resource) represent $246,491.36 of the total, and 490 individual General Billing accounts (such as DUIs, false alarms, and property damage) represent the remaining $173,154.37.
Extensive collection efforts were made on these accounts by the Finance Department, Billing & Licensing Department, City Attorney’s Office, and FEDChex (the City's collection vendor). Examples of the City's collection efforts include mailing notices, deploying door hangers, terminating services, sending out 10-days- to-pay notices, pursuing unpaid amounts in small claims court, and referring accounts to the City's collection vendor.
On December 27, 2021, the City Manager approved the write-off of uncollectible receivables from General Billing, representing 490 individual accounts each below $3,800 that are past due by four years. The total value of these General Billing accounts is $173,154.37.
On June 28, 2021, the City Manager approved the write-off of up to 541 accounts totaling $248,094.55 in uncollectible Water, Wastewater and Environmental Resources receivables with individual balances below $25,000. The actual amount of utility accounts written-off was $246,491.36, representing 529 accounts with individual balances below $25,000 that are past due by two years. The write-off amount decreased by 12 accounts totaling $1,603.19 as additional payments were collected after the list and memo were presented to the City Manager for approval.
A write-off of uncollectible accounts receivable from the City's accounting records does not constitute forgiveness of the debt or a gift of public funds. For any account written off, customer information will be retained in the accounts receivable module in order to have continued enforcement of service denied on credit until previously written-off balances have been paid in full. If an account was mistakenly written off or a previously uncollectible amount is received after being written off, the account may be reactivated.
STRATEGIC PRIORITIES
This agenda item is a routine operational item or does not relate to the five strategic priorities adopted by City Council on March 16, 2021.
FINANCIAL IMPACT
There is no financial impact in Fiscal Year 2021-22 as an allowance for doubtful accounts has been established in prior fiscal years for these delinquent accounts.
Prepared by: Betsy George, Chief Financial Officer, Eden Alomeri, Billing and Licensing Director
ATTACHMENTS
1. CM Authorized Billing & Licensing Write-Offs_Jun 28 2021
2. CM Authorized Finance Department Write-Offs_Dec 27 2021
3. Annual AR Write-Off Report
9 10
11 12
13 ACCOUNTS RECEIVABLE WRITE-OFF
Finance and Governance Committee
Betsy George, Chief Financial Officer
February 22, 2022
14 That the Finance and Governance Committee receive the Annual Accounts Receivable Write-Off Report and authorize staff to provide the report to City Council.
RECOMMENDATION 2
15 Extensive collection efforts are made on all accounts owed to the City. Examples of the City's collection efforts include mailing notices, deploying door hangers, terminating services, sending out 10-day-to-pay notices, pursuing unpaid amounts in small claims court, and referring accounts to the City's collection vendor.
Resolution No. 15,281, which was adopted on November 19, 2019, established that writing off accounts receivable must be approved by the City Council, except when the amount of any individual account is less than $25,000, in which case the City Manager may approve the charge off.
BACKGROUND 3
16 Acceptable reasons for writing off a receivable account include:
• Discharged Bankruptcy: The account has been discharged through bankruptcy court, and the file has been noted with the date filed, number, court district, and date of discharge.
• Deceased: The debtor is deceased with no estate.
• Invalid Referral. The account was assigned in error. A billing should not have been generated.
• No Judgment: The debt was reviewed by a court, and the court determined that the debt could not be substantiated
• Statute of Limitations: The statute of limitations has expired (usually after four years for General Billing and two years for Utility Billing) without payment or promise of payment since the last transaction date.
• Amount Does Not Warrant Further Effort: No response to demand for payment. Further pursuit would not be cost effective.
BACKGROUND CONTINUED 4
17 • 1,019 customer accounts totaling $419,645.73 were identified that are deemed uncollectible as the statute of limitations has expired:
• 529 Utility Billing accounts (Water, Wastewater, and Environmental Resource) represent $246,491.36
• 490 General Billing accounts (examples: DUIs, false alarms, property damage) represent $173,154.37
• June 28, 2021, the City Manager approved the write-off of uncollectible receivables from Utility Billing accounts with individual balances below $25,000 that are past due by two years • December 27, 2021, the City Manager approved the write-off of uncollectible receivables from the General Billing individual accounts each below $3,800 that are past due by four years DISCUSSION 5
18 That the Finance and Governance Committee receive the Annual Accounts Receivable Write-Off Report and authorize staff to provide the report to City Council.
RECOMMENDATION 6
19 QUESTIONS
7 20
FINANCE AND GOVERNANCE COMMITTEE
AGENDA REPORT
REPORTS
AGENDA ITEM NO. D.2
DATE: February 22, 2022
TO: Finance & Governance Committee
FROM: Betsy George, Chief Financial Officer, 805-200-5400, [email protected]
SUBJECT: Resolution Declaring the Intent of the City to be Reimbursed for Certain Capital Expenditures from the Proceeds of Indebtedness. (5/5/5)
RECOMMENDATION
That the Finance and Governance Committee recommend City Council adopt a resolution declaring the intent of the City to be reimbursed for certain capital expenditures from the proceeds of indebtedness. (Presentation will be live at the consultant's request.)
BACKGROUND
City Council authorized the purchase of three fire engines at the City Council meeting on January 18, 2022.
The total approved purchase order amount was $2,603,358.21. In addition to the purchase cost of the vehicles, there is expected to be additional upfitting costs (estimated at $165,000 per vehicle). City staff purchased the vehicles the week of January 24th to avoid a 7% cost increase that would have taken effect on February 1, 2022. This saved the City $172,042.
City staff expect to utilize the outstanding Master Equipment Lease Purchase Agreement (“Master Lease”) with Banc of America to reimburse the City for the cost of the vehicles and the upfitting costs. The City has approximately $4.5 million remaining in the existing line of credit and expects to draw a total of $3.3 million to cover the purchase and upfitting of the fire trucks.
In order for the reimbursement to be compliant with the requirements of tax-exempt financings, the City is required to adopt a resolution declaring its intention to reimburse the City out of tax-exempt line of credit proceeds. This must be adopted within 60 days of when the vehicles were purchased. Adopting this resolution preserves the option for the City to be reimbursed from draws on the line of credit for the amounts already paid for the vehicles.
While adopting the reimbursement resolution demonstrates the City’s intent to borrow funds, it does not obligate the City to borrow the funds. Staff will bring an agenda item to the Committee and Council at a later date considering the approval of the financing.
STRATEGIC PRIORITIES
21 This agenda item supports Public Safety strategy. The purpose of the Public Safety strategy is to restore and modernize the delivery of public safety services to provide for the safety of our neighborhoods and health of our community.
FINANCIAL IMPACT
This reimbursement resolution is not expected to have any direct financial impact on the City. The decision to enter into financing for the purchase of the fire vehicles will be made on a separate date. The cost of the fire vehicles is included in the Fire Department's 2021-22 budget appropriation.
Prepared by: NHA Advisors
ATTACHMENTS
1. Oxnard Reimbursement Resolution (Fire Vehicles) 220202 (FINAL).v2
2. Oxnard 2022 Equipment Reimbursement Resolution - FGC Presentation for 2-22 Meeting 22 RESOLUTION NO. _____
_
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF OXNARD DECLARING THE INTENT OF THE CITY TO BE
REIMBURSED FOR CERTAIN CAPITAL EXPENDITURES FROM THE PROCEEDS
OF INDEBTEDNESS
WHEREAS, the City of Oxnard (the “City”) intends to acquire emergency fire equipment and vehicles to be used to perform its essential governmental functions (the "Project"); and WHEREAS, the City will pay certain Capital Expenditures in connection with the Project (the "Expenditures") prior to the issuance of one or more series of tax-exempt obligations in the expected approximate principal amount of $3.3 million (the "Indebtedness") for the purpose of financing costs associated with the Project; and
WHEREAS, the City reasonably expects that certain of the proceeds of the Indebtedness will be used to reimburse the City for the Expenditures; and
WHEREAS, Section 1.150-2 of the Treasury Regulations requires the City to declare its reasonable official intent to be reimbursed for prior Capital Expenditures made for the Project with proceeds of a subsequent borrowing.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF OXNARD AS FOLLOWS:
1. The City finds and determines that the foregoing recitals are true and correct.
2. This declaration is made solely for purpose of establishing compliance with the requirements of Section 1.150-2 of the Treasury Regulations, and does not bind the City to make any expenditure, incur any indebtedness, or proceed with the Project.
3. The City declares its official intent to use proceeds of the Indebtedness to reimburse itself for Expenditures made on or after the date which is no more than 60 days prior to the date of adoption of this Resolution.
4. The City will make a reimbursement allocation, which is a written allocation by the City that evidences the City's use of proceeds of the Indebtedness to reimburse itself for an Expenditure, no later than eighteen (18) months after the later of the date on which the expenditure is paid or the Project is placed in service or abandoned, but in no event more than three years after the date on which the Expenditure is paid.
5. The City recognizes that exceptions are also available under the Treasury Regulations for certain "preliminary expenditures," costs of issuance, certain de minimis amounts, expenditures by "small issuers" (based on the year of issuance and not the year of expenditure) and expenditures for construction projects of at least five (5) years.
23 6. This Resolution shall take effect upon its adoption by this City Council.
PASSED AND ADOPTED THIS __TH DAY OF MARCH 2022 BY THE FOLLOWING VOTE:
AYES:
NOES:
ABSENT:
ABSTAIN:
John C. Zaragoza
Mayor
ATTEST:
_____________________________
Rose Chaparro
City Clerk
APPROVED AS TO FORM:
_____________________________
Stephen M. Fischer
City Attorney
24 City of Oxnard
2022 Equipment Reimbursement Resolution
(Reimbursement for Fire Vehicles Purchase)
PRESENTATION TO FINANCE AND GOVERNANCE COMMITTEE
FEBRUARY 22, 2022
25 Recommendation
That the Finance and Governance Committee recommend that:
The City Council adopt a resolution declaring the intent of the City to be reimbursed for certain capital expenditures from the proceeds of indebtedness. 2 26
Background
City council authorized the purchase of three fire engines at the January 18, 2022 meeting
Total purchase price of vehicles: $2,603,358.21
Staff also expect approximately $165,000 of upfitting costs per vehicle Vehicles were purchased the week of 1/24
City staff accelerated the purchase to prevent a 7% cost increase; saved the City $172,000
3 27
Reimbursement Resolution
City has an outstanding Bank of America Master Equipment Lease Purchase Agreement (“Master Lease”)
Staff plan to reimburse the City out of the Master Lease for the cost of the vehicles and upfitting
Due to requirements for tax-exempt financings, the reimbursement resolution must be approved within 60-days of when the money was spent
Adopting this reimbursement resolution preserves the right to use the Master Lease to reimburse the City
Does not obligate the City; there will be an agenda item at a future meeting related to the financing itself
4 28
Tentative Schedule
February 22:
F&GC
considers
reimbursement
resolution
March 8:
F&GC
considers
equipment
financing
March 15: City
Council
considers
reimbursement
resolution
March 29: City
Council
considers of
equipment
financing
Early April:
close
equipment
financing and
reimburse City
5 29
Recommendation
That the Finance and Governance Committee recommend that:
The City Council adopt a resolution declaring the intent of the City to be reimbursed for certain capital expenditures from the proceeds of indebtedness. 6 30
Questions?
7 31
FINANCE AND GOVERNANCE COMMITTEE
AGENDA REPORT
REPORTS
AGENDA ITEM NO. D.3
DATE: February 22, 2022
TO: Finance & Governance Committee
FROM: Betsy George, Chief Financial Officer, 805-200-5400, [email protected]
SUBJECT: FY 2021-22 Budget Mid-Year Review. (0/10/10)
RECOMMENDATION
That the Finance and Governance Committee:
1. Receive an update on the FY 2021-22 revenue and expenditure projections for major funds, and authorize staff to make the presentation to City Council, incorporating any updates or new information that may arise in the interim;
2. Recommend that City Council approve a budget appropriation request in the amount of $1,000,000 to Public Liability Fund (701) and $162,947 to Workers’ Compensation Fund (702) for an overall total appropriation of $1,162,947;
3. Recommend that City Council adopt a resolution approving amendments to the Position Control Resolution; and
4. Recommend that City Council adopt a resolution approving amendments to the Classification and Salary Schedule Resolution.
Please click the following link to view the required Measure M pre-recorded presentation video: https://youtu.be/jXXVVJpYFC4
BACKGROUND
Numerical values included in the narrative below may not add due to rounding.
DISCUSSION
General Fund (101)
Revenues: Fiscal Year (FY) 2021-22 General Fund revenues are now projected at $202.2 million, up $2.7 million from the revised budget of $199.6 million. The increase primarily results from four main factors: a $4.9 million increase in the projection for sales tax revenues; a $0.9 million increase in projection of property tax and deed transfer tax revenues; a $1.3 million increase in the projection for other revenue; and an offsetting $4.4 million decrease in revenue from fees and charges due to the EMS implementation delay.
The General Fund sales tax revenue projections, which include the 1% Bradley Burns sales tax and 1.5% Measure E sales and use tax, are being increased from $88.4 million to $93.3 million, a $4.9 million higher amount based on strong sales tax quarters in the second half of 2021. Compared to projections made in Spring 2021, the City anticipates slight growth in property and deed transfer tax of approximately 1.1% or $0.9 million 32 based on increased assessed valuations. A $1.3 million increase in other revenue is attributable to $0.9 million of Wildland Fire reimbursement and one-time reimbursement for the Rose IFD Developer Agreement of $0.4 million. While the categories of General Fund revenues just described are anticipated to rise in total by $7.1 million, there is an offsetting $4.4 million loss in fees and charges for services due to a delay in implementing EMS services.
Expenditures: FY 2021-22 General Fund expenditures are now projected at $184.8 million, $17.3 million dollars below the revised budget total of $202.1 million. The decrease in estimated expenditures primarily results from three main factors: $4.1 million of anticipated net personnel savings due to unfilled positions, $6.4 million in reduced operating costs (of which $5.5 million is due to the EMS delay), and $6.8 million of anticipated carryover to FY 2022-23 for multi-year projects that had projected spending in FY 2021-22 that is now anticipated to occur in future fiscal years.
Available Fund Balance: The FY 2021-22 General Fund Adopted Budget assumed a starting fund balance at July 1, 2021, of $20.8 million, or 10.4% of expenditures plus transfers out. The actual fund balance proved to be somewhat higher at $29.3 million, primarily due to actual FY 2020-21 sales tax revenue, fees, and other revenues coming in higher than estimated.
The City’s mid-year projections for General Fund revenues ($202.2 million) and expenditures including transfers out ($184.8 million) would result in a FY 2021-22 net operating surplus of $17.4 million. Adding the projected net operating surplus of $17.4 million to the starting fund balance of $29.3 million and subtracting $6.8 million projected carryover committed for multi-year projects yields a projected ending fund balance at June 30, 2022, of $39.9 million, or 21.6% of expenditures and transfers out. Of the $39.9 million projected ending fund balance, $19.5 million is committed for reimbursing the City’s Utility Enterprise Funds for prior years’ Infrastructure Use Fees (IUF).
For additional detail, refer to the General Fund tables in the attached Powerpoint presentation (slides 4 & 5).
Measure O (Half-Cent Sales Tax) Fund (104)
Revenues: FY 2021-22 Measure O Fund revenues are now projected at $20.0 million, up $0.7 million from the revised budget of $19.3 million. The increase is a result of higher projected sales and use tax revenue based on the most recent two strong sales quarters of 2021.
Expenditures: FY 2021-22 Measure O Fund expenditures are now projected at $20.0 million, about $2.0 million (or 9.7%) lower than the revised budget of $22.2 million. Of the $2.0 million reduction, approximately $0.2 million is the anticipated annual operational savings resulting mostly from vacancy savings for programs such as College Parks, Safe Home Safe Family and lower recreational activities impacted by the Omicron surge (such as PAL and Preschool to You). The remaining reduction represents $1.8 million that will be carried over to FY2023 for one-time projects.
Available Fund Balance: The FY 2021-22 Measure O Fund Adopted Budget assumed a starting fund balance at July 1, 2021 of $5.8 million. The actual fund balance proved to be higher at $11.4 million, primarily due to unspent capital appropriations and multi-year projects that are carried out to future years.
Updated FY 2021-22 projections for Measure O Fund revenues ($20.0 million) and expenditures ($20.0 million) would result in a slight deficit for the FY 2021-22 operating budget. Subtracting anticipated carryover of $1.8 million from the starting fund balance of $11.4 million yields a projected available ending fund balance at June 30, 2022, of $9.5 million.
For additional detail, refer to the Measure O Fund table in the attached PowerPoint presentation (slide 6) 33 Water Funds (601 & related)
Revenues: FY 2021-22 Water Fund revenues are now projected at $68.6 million, down $1.9 million from revised budget of $70.6 million. The decrease is primarily a result of $1.3 million projected decline in Fees and Charges due the IUF related rate reduction, $0.2 million lower interest earnings, and $0.4 million lower fines and forfeitures as certain fines and penalties continue to be temporarily suspended due to the COVID-19 pandemic.
Expenditures: FY 2021-22 Water Fund expenditures are now projected at $92.1 million, lower by $54.7 million (37.2%) compared to the revised budget of $146.8 million. The decrease in estimated expenditures is primarily a result of $4.9 million in operational savings, which includes supplies, services, and chemical purchases and $49.8 million in spending on capital projects initially budgeted for the current fiscal year that are now projected to occur in future fiscal years.
Available Fund Balance: The FY 2021-22 Adopted Budget assumed a starting fund balance for the Water Fund at July 1, 2021, of $67.6 million. The actual fund balance proved to be somewhat higher at $83.9 million, primarily due to the 2021A Water Refunding Bond proceeds.
The FY 2021-22 projections explained above for Water Fund revenues ($68.6 million) and expenditures ($92.1 million) would result in net annual activity of a negative $23.5 million of which $18.3 million in capital project expenses will be funded with 2021A Water Refunding Bond Proceeds received in FY 2020-21. The 2021A bond proceeds are included in the $83.9 million starting fund balance. Subtracting the projected negative net operating activity of $23.5 million from the starting fund balance of $83.9 million and subtracting $37.0 million projected carryover of multi-year commitments yields a projected available ending fund balance at June 30, 2022, of $23.4 million, or 25.5% of expenditures plus transfers out.
For additional detail, refer to the Water Funds table in the attached PowerPoint presentation (slide 7).
Wastewater Funds (611, 621 & related)
FY 2021-22 Wastewater Fund revenues are now projected at $52.4 million, down by $22.0 million from the revised budget of $74.4 million. Of the $22.0 million decrease, $21.7 million is a delayed draw-down from the State Revolving Fund (SRF) Loan. Projects funded from the loan will carryover to FY 2022-23; both spending and draw-down will occur in later years. The remaining $0.3 million decline is the result of IUF related rate adjustment and lower projected interest earnings.
Expenditures: FY 2021-22 Wastewater Fund expenditures are now projected at $39.2 million, lower by $66.6 million (63%) from the revised budget of $105.9 million. The decrease in estimated expenditures results almost entirely from capital projects budgeted for the current fiscal year, the spending for which is now projected to occur in future fiscal years, plus $2.0 million of reduced operating costs for professional services, supplies, and chemicals.
Available Fund Balance: The FY 2021-22 Adopted Budget assumed a starting fund balance for the Wastewater Fund at July 1, 2021, of $58.0 million. The actual fund balance proved to be higher, at $63.9 million, due primarily to unspent capital appropriations. The beginning fund balance of $63.9 million excludes the $28.5 million of unspent capital appropriations and FY 2020-21 carryover for the SRF Loan which will be drawn- down based on future spending on those capital projects.
The FY 2021-22 projections explained above for Wastewater Fund revenues ($52.4 million) and expenditures ($39.2 million) would result in net annual activity of $13.2 million. Adding the projected net annual activity during FY 2021-22 of $13.2 million to the starting fund balance at July 1, 2021 of $63.9 million and then subtracting the $14.0 million of projected carryover (again this excludes SRF) yields a projected ending 34 available fund balance at June 30, 2022 of $63.1 million, which represents 160.7% of annual expenditures.
For additional detail, refer to the Wastewater Funds table in the attached PowerPoint presentation (slide 8).
Environmental Resources Funds (631 & related)
FY 2021-22 Environmental Resources Fund revenues are now projected at $61.1 million, up $7.7 million from the revised budget of $53.4 million. Of the $7.7 million increase, $10.2 million is a result of a draw-down for the acquisition of refuse trucks funded through an equipment Line of Credit. The increased revenue from the Line of Credit is anticipated to be offset by $2.5 million in lower operating revenues. The $2.5 million projected decline is a result of $0.9 million from the IUF related rate reduction, $1.2 million of lower Materials Recovery Facility (MRF) recycled commodity sales and tipping fees, and $0.4 million lower interest earnings and lower fines and forfeitures as certain fines and penalties continue to be temporarily suspended due to the COVID-19 pandemic.
Expenditures: FY 2021-22 Environmental Resources Fund expenditures are now projected at $69.3 million, down $10.8 million (13.5%) from the revised budget total of $80.1 million. The decrease in estimated expenditures primarily results from $7.8 million of capital projects budgeted for the current fiscal year, the spending for which will now occur in future fiscal years, plus $3.0 million of reduced operational costs for green waste processing, recycling buybacks, waste hauling supplies, and savings from supplies, machinery, and equipment contracts.
Available Fund Balance: The FY 2021-22 Adopted Budget assumed a starting fund balance for the Environmental Resources Fund at July 1, 2021, of $33.0 million. The actual fund balance was $33.2 million.
The FY 2021-22 projections explained above for Environmental Resources Fund revenues ($61.1 million) and expenditures ($69.3 million) would result in net annual activity during FY 2021-22 of a negative ($8.2) million. Subtracting the projected net FY 2021-22 operating deficit of $8.2 million from the starting fund balance at July 1, 2021 of $33.2 million and subtracting the $7.8 million projected unspent capital appropriations to be carried over into FY 2022-23 yields a projected ending available fund balance at June 30, 2022 of $17.2 million, which represents 25% of annual expenditures.
For additional detail, refer to the Environmental Resources Funds table in the attached PowerPoint presentation (slide 9).
Recommended $1.0 million appropriation for Public Liability Fund (701) The Human Resources Department is requesting a $1.0 million appropriation from the available fund balance of the Public Liability Fund due to a significant increase in the liability insurance premium in FY 2021-22 and the settlement of a litigation matter.
Recommended $0.16 million appropriation for Workers’ Compensation Fund (702) The Human Resources Department is requesting a $162,947 appropriation from the available fund balance of the Workers Compensation Fund due to increased State of California self-insurance fees as a result of increased claims payments during 2021-22.
Position Control Resolution
Staff requests the following edits to the Position Control Resolution, which lists the City's positions:
35 1. City Manager's Office: add one Management Analyst II. This position will primarily serve as the City's public records advocate. No budget adjustment is needed (will be absorbed by the available FY 2021- 22 budget).
2. Cultural and Community Services Department-Library: reclassification of one Library Circulation Supervisor to Library Services Supervisor. This is a revision to the title that was added in the FY 2021- 22 Adopted Budget. No budget adjustment is needed (will be absorbed by the available FY 2021-22 budget).
3. Department of Billing & Licensing: reclassification of one Customer Service Rep II to Sr. Customer Service Representative. An increase in more complicated collections/taxation as a result of three years' back billing for business taxes with approximately 5,000-6,000 needing to be processed with more to be identified in future years. These transactions require a higher level of expertise with sensitive and confidential data from state agencies. In addition, these transactions often bring a higher level of customer interaction and resistance. No budget adjustment is needed (will be absorbed by the available FY 2021-22 budget).
4. Finance Department: one position reclassification and one new authorization within the Finance Department is required. A reclassification of the vacant Financial Analyst II position to an Accountant III position (no change in salary range) to better meet the needs of the General Accounting Division.
The Accountant III will be responsible for complex accounting transactions. One new Accountant II is needed for additional General Accounting Division support. No budget adjustment is needed (will be absorbed by the available FY 2021-22 budget).
5. Police Department: reclassification of 28 Police Officer III’s to Police Corporal (no change in salary range) and reclassification of one Police Word Processor III to Police Records Supervisor due to increased job duties. No budget adjustment is needed (will be absorbed by the available FY 2021-22 budget).
6. Public Works Department-Fleet Division: reclassification of one Customer Service Rep I to Account Clerk II. The duties performed by this position are consistent with the Account Clerk classification. No budget adjustment is needed (will be absorbed by the available FY 2021-22 budget).
Classification and Salary Schedule Resolution
Staff requests the following edits to the Classification and Salary Schedule Resolution:
1. Establish salary range for new Accountant III and Police Corporal positions described under Position Control Resolution above
2. Increase hourly rate for Crossing Guard due to increase in minimum wage
3. Establish salary range for Homeless Programs Assistant (position was added in the FY 2021-22 Adopted Budget; this action is needed to correct omission from salary range resolution)
4. Increase salary range for Public Safety Trainee to be more comparable to surrounding agencies
STRATEGIC PRIORITIES
This agenda item is a routine operational item or does not relate to the five strategic priorities adopted by City Council on March 16, 2021.
FINANCIAL IMPACT
The financial impact of each recommended action is spelled out in the Discussion section that describes that action.
36 Prepared by: Betsy George, Chief Financial Officer, Beth Vo, Budget Manager, Tanya Williams, Financial Analyst III
ATTACHMENTS
1. Budget Appropriation FY21-22 Mid-Year
2. Amended Classification and Salary Schedule Resolution
3. Amended Position Control Resolution
4. FY21-22 Budget Mid-Year Review Presentation-FGC
37 Department: Date:
Project/Program
Manager: Phone:
Reason for Appropriation:
Accounts and Descriptions AMOUNT
Fund:
Expenditures/Transfers Out
1,000,000
Sub-total Expenditures 1,000,000
Net Change to Fund Balance (1,000,000)
Fund:
Expenditures/Transfers Out
162,947
Sub-total Expenditures 162,947
Net Change to Fund Balance (162,947)
Net Appropriation Change 1,162,947
Approvals
Department Director
Chief Financial Officer
City Manager
701-1704-852.82-51 LIABILITY CLAIMS EXPENSE
702-WORKERS' COMPENSATION FUND
REQUEST FOR BUDGET APPROPRIATION
FY21-22 Mid-year adjustment / appropriations
March 1, 2022
(805) 200-5400
Finance
Betsy George
701-PUBLIC LIABILITY & PROPERTY DAMAGE
RISK MANAGEMENT (1704)
WORKERS' COMPENSATION (1702)
702-1702-856.83-71 TAXES AND FILING FEES
REQUIRES CITY COUNCIL AUTHORIZATION
BA# (Finance Use Only)______________
BA Doc# (Finance Use Only)___________
Revised : 2/23/2012
38 CITY COUNCIL OF THE CITY OF OXNARD
RESOLUTION NO. ________
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF OXNARD AMENDING RESOLUTION NO. 15,471 AUTHORIZING AND APPROVING CLASSIFICATION AND SALARY SCHEDULES PURSUANT TO CHAPTER 4 OF THE CITY PERSONNEL RULES AND
REGULATIONS
WHEREAS, Chapter 4, Article 4.5 of the City of Oxnard Personnel Rules and Regulations requires that the City of Oxnard classification listing all classes of positions in the general city service be established by resolution of the City Council; and,
WHEREAS, Chapter 4, Article 4.7 of the City of Oxnard Personnel Rules and Regulations provides that the City Manager from time to time may revise the number of positions in each classification as necessary to perform the work of the classification, provided that the total expense to be incurred for such work shall be limited to the amount appropriated by the City Council for the classification; and,
WHEREAS, Chapter 4, Article 4.8 of the City of Oxnard Personnel Rules and Regulations provides that the City Manager shall recommend to the City Council the creation of a new or additional position allocated to an existing class whenever possible; otherwise, the City Manager shall recommend to the City Council the creation of a new classification; and, WHEREAS, Chapter 4, Article 4.9 of the City of Oxnard Personnel Rules and Regulations requires City Council approval to establish a new classification title and salary range.
NOW, THEREFORE, the City Council of the City of Oxnard resolves to amend Exhibit “ A” of Resolution No. 15,471 in accordance with Chapter 4, Articles 4.5, 4.7, 4.8 and 4.9 of the City of Oxnard Personnel Rules and Regulations, by adding the following five (5) classifications and establishing salary ranges for those classifications effective March 1, 2022:
Salary
Grade
Classification
Title
FLSA
Status
Union
Code
Compensation
Frequency
Hourly (H)/Salary
(S) Range
M22 Accountant III E OMMA Salaried
$61,998.14 -
$103,881.65 (S)
A00 Crossing Guard N SEIU Hourly
$15.2484 -
$23.6552 (H)
A40
Homeless
Programs
Assistant N SEIU Hourly
$21.9559 -
$34.0609 (H)
P99 Police Corporal N OPOA Hourly
$38.5906 -
$49.4878 (H)
X51
Public Safety
Trainee N UNREP. Hourly $34.9343 (H)
39 PASSED AND ADOPTED this 1st day of March, 2022, by the following vote:
YES:
NOES:
ABSENT:
ABSTAIN:
_________________
John C. Zaragoza, Mayor
ATTEST:
_________________________
Rose Chaparro, City Clerk
APPROVED AS TO FORM:
_________________________
Stephen M. Fischer, City Attorney
40 CITY COUNCIL OF THE CITY OF OXNARD
RESOLUTION NO.
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF OXN ARD AMENDING RESOLUTION NO. 15,470 AUTHORIZING FULL-TIME EQUIVAL ENT POSITIONS PURSUANT TO CHAPTER 4 OF THE CITY PERSONNEL RULES A ND REGULATIONS
WHEREAS. Chapter 4, Section 4.7 of the City of Oxnard Personnel Rules and Regulations provides that the City Manager from time to time ma y revise the number of positions in each classification as necessary to perform the work of the classification, provided that the total expense to be incurred for such work shall be limited to the amount appropriated by the City Council for the classification: and
WHEREAS, the City Council has reviewed the revision s and finds that they are desirable and in the interest of maintaining an efficient municipal organization.
NOW, THEREFORE. the City Council of the City of Oxnard resolves to amend Resolution No . 15,470 with the following changes to the adopted FY 21/22 position allocations as specified :
Department Title
Adopted
21/22
Proposed
Change
New
Allocation
City Manager
Management Analyst II
(Public Records Advocate) 0 1 1
Cultural &
Community
Services Library Circulation Supervisor 1 -1 0
Library Services Supervisor 0 1 1
Dept. of Billing &
Licensing Customer Service Rep II 8 -1 7
SR. Customer Service Rep 1 1 2
Finance Accountant II 2 1 3
Financial analyst II 3 -1 2
Accountant III 0 1 1
Police Police Officer III 28 -28 0
Police Corporal 0 28 28
Police Word Processor III 1 -1 0
Police Records Supervisor 1 1 2
Public Works:
Fleet Customer Service Rep I 1 -1 0
Account Clerk II 0 1 1
GRAND TOTAL 44 2 46
41 PASSED AND ADOPTED this 1st day of March, 2022, by the following vote:
YES:
NOES:
ABSENT:
ABSTAIN:
John C. Zaragoza, Mayor
A
TTEST:
Rose Chaparro, City Clerk
APPROVED AS TO FORM:
Stephen M. Fischer, City Attorney
42 FY 2021 -22 BUDGET MID -YEAR REVIEW
Finance and Governance Committee
February 22, 2022
Betsy George, Chief Financial Officer
43 That the Finance and Governance Committee:
1. Receive an update on the FY 2021-22 revenue and expenditure projections for major funds, and authorize staff to make the presentation to City Council, incorporating any updates or new information that may arise in the interim;
2. Recommend that City Council approve a budget appropriation request in the amount of $1,000,000 to Public Liability Fund (701) and $162,947 to Workers’ Compensation Fund (702) for an overall total appropriation of $1,162,947;
3. Recommend that City Council adopt a resolution approving amendments to the position control resolution; and
4. Recommend that City Council adopt a resolution approving amendments to the classification and salary resolution.
RECOMMENDATION 2
44 GENERAL FUND (101) SUMMARY (IN MILLIONS) 3
45 GENERAL FUND (101) REVENUES (IN MILLIONS) 4
FY21-22
Revised Budget
(Oct. 2021)
FY21-22
Year-End
Estimates
$
Change
%
Change
Beginning Available Fund Balance, July 1, 2021 $29.3 $29.3 Revenues:
01-PROPERTY TAX 63.5 64.2 0.7 1.1%
02A-SALES TAX - MEASURE E 51.9 53.8 1.9 3.7%
02-SALES TAX 36.6 39.6 3.0 8.3%
03-FRANCHISES 3.9 4.1 0.1 3.8%
04-BUSINESS LICENSE TAX 6.3 6.1 -0.2 -3.0%
05-TRANSIENT OCCUPANCY TAX 4.6 4.7 0.2 4.3%
06-DEED TRANSFER TAX 0.7 1.0 0.2 32.7%
07-BLDG FEES/PERMITS 1.7 1.9 0.2 10.6%
08-INTERGOVERNMENTAL 2.3 2.4 0.1 6.1%
09-FEES/CHARGES 11.2 6.8 -4.4 -39.3%
10-FINES/FORFEITURES 2.5 2.5 0.0 -1.1%
12-INDIRECT COST REIMB 8.3 8.3 0.0 0.0%
13-INTEREST 1.3 0.8 -0.4 -33.7%
15-TRANSFERS IN 1.7 1.7 0.0 -1.8%
16-OTHER REVENUE 2.9 4.2 1.3 43.6%
17-SPECIAL ASSESSMENTS 0.3 0.2 -0.1 -28.7%
Total Revenues 199.6 202.2 2.7 1.3%
46 GENERAL FUND (101) EXPENDITURES (IN MILLIONS) 5
47 MEASURE O FUND 104 (IN MILLIONS) 6
FY21-22
Revised Budget
(Oct. 2021)
FY21-22 Year-
End
Estimates $ Change % Change
Beginning Available Fund Balance, July 1, 2021 $11.4 $11.4 Revenues:
Half Cent Sales Tax 17.3 18.0 0.7 4.0%
General Fund Loan Payment 1.9 1.9 0.0 0.0%
Interest Income 0.1 0.1 0.0 0.0%
Total Revenues 19.3 20.0 0.7 3.6%
Expenditures by Category:
Other Community Improvements 3.4 1.5 -1.9 -54.9%
Parks & Open Spaces 4.0 3.8 -0.3 -6.4%
Public Safety & Gang Prevention 12.6 12.5 0.0 -0.2%
Traffic & Road Improvements 2.2 2.2 0.0 0.0%
Total Expenditures 22.2 20.0 -2.1 -9.7%
Net Annual Activity -2.9 -0.1
Carryover (One-Time Projects) to FY22-23 1.8
Projected Ending Available Fund Balance, June 30, 2022 8.5 9.5 48 WATER FUNDS (IN MILLIONS) 7
49 WASTEWATER FUNDS (IN MILLIONS) 8
50 ENVIRONMENTAL RESOURCES FUNDS (IN MILLIONS) 9
51 That the Finance and Governance Committee:
1. Receive an update on the FY 2021-22 revenue and expenditure projections for major funds, and authorize staff to make the presentation to City Council, incorporating any updates or new information that may arise in the interim;
2. Recommend that City Council approve a budget appropriation request in the amount of $1,000,000 to Public Liability Fund (701) and $162,947 to Workers’ Compensation Fund (702) for an overall total appropriation of $1,162,947;
3. Recommend that City Council adopt a resolution approving amendments to the position control resolution; and
4. Recommend that City Council adopt a resolution approving amendments to the classification and salary resolution.
RECOMMENDATION 10
52 QUESTIONS
11 53