G\T y OF
PISMO BEACH CITY COUNCIL STAFF REPORT
A�syo sEP Agenda Item #12.A
Meeting Date: December 3, 2024
TITLE:
Mid-Year Budget Adjustments for Fiscal Year 2025
RECOMMENDATION:
Adopt a Resolution approving and appropriating budget adjustments for Fiscal Year 2025.
EXECUTIVE SUMMARY:
The City of Pismo Beach operates on a two-year budget cycle, which allows for long-term planning, coordination of multi-year capital projects, and efficiency of staff time as budget preparation only occurs every other year. In order to maintain accuracy of the budget and update the City's financial plan, it is important to review and revise it periodically (i.e., every six months) to ensure the budget reflects current revenues received and operating costs and trends. The purpose of this agenda item is to provide an opportunity for the City Council to review, approve, and/or make changes to staff's recommended mid-year budget adjustments for Fiscal Year (FY) 2025, via adoption of a Resolution provided as Attachment 1.
The FY 2025 proposed mid-year budget adjustments reflect: revenue projections, operating budgets, project adjustments, deferred projects, and technical adjustments.
The net fiscal impact of approving all these changes across all funds is net ongoing expenditure savings of $13,989 and net one-time expenditure savings of $1,096,611.
Table 1 below illustrates the net ongoing or one-time fiscal impact for each category, where negative amounts reflect additional costs or reduced revenues, and positive amounts reflect reduced costs or additional revenues.
Table 1: Proposed Mid-Year Budget Adjustments Fiscal Impact by Category FY 2025 Proposed FY 2025 Proposed
Budget Fiscal Budget Fiscal
Category Impact Ongoing Impact One-time
Revenue Projections $ (96,814) $ -
Operating Budgets 110,803 (206,000)
Project Adjustments - 221,811
Deferred Projects - 660,800
Technical Adjustments - 420,000
Total Fiscal Impact $ 13,989 $ 1,096,611
Council Agenda 12-3-2024 12.A-1
Financial Impact of Approving All Proposed Mid-Cycle Budget Adjustments If all the proposed budget adjustments are approved, the General Fund's unassigned fund balance is expected to close FY 2025 at $4.40 million. All other funds are projected to be balanced. Table 2 below is a summary of the FY 2025 General Fund revised budget, projected actuals, and a variance comparing the budget to projected actuals.
Table 2: General Fund Budget Summary
A B C D =C -B
FY 2025 Year-
FY 2025 End Variance
FY 2024 Revised Projected (Actuals-
($thousands) Actuals Budget Actuals Budget)
Unassigned Fund Balance $ 8,469 $ 9,619 $ 9,619 $ - Committed Fund Balance 17,259 15,020 15,020 - a Beginning Fund Balance 25,727 24,639 24,639 - b Operating Revenues 33,877 32,804 32,785 (20) c Operating Expenditures 26,366 32,874 32,594 (280) d =b-c Net Operating Surplus/(Deficit) 7,512 (69) 191 260 e One-time Revenues 445 996 895 (101) f One-time/Capital Expenditures 8,169 17,554 6,944 (10,610) g =
a+d+e-f Ending Fund Balance $ 25,516 $ 8,011 $ 18,780 $ 10,770 Unassigned Fund Balance $ 7,500 $ 4,242 4 4 $ 160 Committed Fund Balance 15,020 - 10,610 10,610 Contribution to Reserves 996 769 769 - Budget Stabilization Set-Aside 2,000 2,000 2,000 - CalPERS Pre-Payment Set-Aside 1,000 1,000 - The following sections describe the components of each category.
Revenue Projections
The following proposed budget adjustments reflect updated ongoing revenue projections compared to the budget for property tax, transient occupancy tax (TOT), and Lodging Business Improvement District (LBID) assessment revenues. In addition, this category includes one-time transfers from various development impact fee funds to the General Fund, Water Enterprise Fund, and Wastewater Enterprise Fund to support costs spent on various projects. The net fiscal impact is a net ongoing decrease of revenues compared to budget of $96,814. Table 3 illustrates the net fiscal impact of the proposed budget adjustments by fund, followed by a brief description of the key adjustments.
Council Agenda 12-3-2024 12.A-2
Table 3: Proposed Budget Adjustments for Revenue Projections FY 2025 Proposed FY 2025 Proposed
Budget Adjustment Budget Fiscal Impact
Fund Description Ongoing One-time
Revenues
General Fund Additional property tax revenues $ 100,000.00 $ General Fund Transient Occupancy Tax Revenue Reduction (165,966.00) - General Fund Impact Fee Fund transfer to support portion of - 100,626.00 corporation yard building construction
LBID Fund LBID Assessment revenue reduction (15,424.00) - LBID Fund LBID Assessment-improvements revenue (15,424.00) - reduction
Water Enterprise Fund Water Impact Fee transfer to support Recycled - 64,832.00 water project(water portion)
Wastewater Treatment Fund Water Impact Fee transfer to support Recycled - 600,000.00 water project(wastewater portion)
Subtotal Revenues $ (96,814.00) $ 765,458.00 Expenditures
Impact Fees Impact Fee Fund transfer to support portion of $ $ 100,626.00 corporation yard building construction
Water Expansion Fund Water Impact Fee transfer to support Recycled - 64,832.00 water project(water portion)
Wastewater Expansion Water Impact Fee transfer to support Recycled - 600,000.00 water project(wastewater portion)
Subtotal Expenditures $ - $ 765,458.00 Net Fiscal Impact(Revenues-expenditures) $ (96,814.00) $ - • The most significant proposed revenue adjustment is a reduction of:
o $166 thousand in FY 2025 Transient Occupancy Tax (TOT) revenue, o $15 thousand for LBID assessment revenues, and
o $15 thousand for LBID2 assessment revenues.
This adjustment reflects a projected 1.0% decline in TOT revenues for the fiscal year, based on:
o a 2.4% decrease in actual TOT revenues during the first quarter compared to FY 2024, primarily driven by a 2.2% reduction in average daily room rates. o an anticipated 0.2% decline in revenues for the remaining three quarters of the fiscal year.
These projections account for current trends and provide a realistic adjustment to the budget.
• Development Impact Fee revenues have accumulated over time in the Development Impact Fee Fund as well as the Water and Wastewater Expansion Funds. Based on spending for various projects, these funds can be transferred to the General Fund and Water and Wastewater Funds to reimburse those funds.
Council Agenda 12-3-2024 12.A-3
Operating Budgets
The proposed operating budget adjustments outlined below represent updates to operating costs, reflecting current operations in accordance with existing agreements or revised projections. The net fiscal impact across all funds compared to budget is a net increase in ongoing revenues of $110,803 and a net increase in one-time costs of $206,000. Table 4 illustrates the net fiscal impact of the proposed budget adjustments by fund, followed by a brief description of the major changes.
Table 4: Proposed Budget Adjustments for Operating Budgets FY 2025 Proposed FY 2025 Proposed
Budget Adjustment Budget Adjustment
Fund Description Ongoing One-time
Revenues
General Fund Beautification of Pier and Pier Plaza $ 50,000.00 $ General Fund Investment Advisory Service for City portfolio,offset by 27,200.00 projected interest earnings
Water Enterprise Fund Investment Advisory Service for City portfolio,offset by 4,400.00 projected interest earnings
Wastewater Treatment Fund Investment Advisory Service for City portfolio,offset by 4,400.00 projected interest earnings
Pier Enterprise Fund Support Pier Enterprise Fund to account for depreciation 50,000.00 expense
Parking Enterprise Fund Investment Advisory Service for City portfolio,offset by 4,000.00 projected interest earnings
Subtotal Revenues 140,000.00 -
Expenditures
General Fund Added increase in costs with vendors,supplies,etc. $ 1,000.00 $ General Fund Added increase to snow,decor and bounce houses 1,500.00 General Fund Additional certification trainings 7,500.00 General Fund Animal Services Division County costs 31,693.00 General Fund Cost savings during Paving Project (50,000.00) - General Fund Furniture for new Public Works staff - 13,800.00 General Fund Increased Traffic signal maintenance of City owned facilities 15,000.00 - and Hwy 101 trash mitigation
General Fund Investment Advisory Service for City portfolio,offset by 27,200.00 - projected interest earnings
General Fund Investment Advisory services for 2024 LRBs PSF project - 15,000.00 General Fund Personnel cost savings (137,837.00) - General Fund Post flyers in utility bills/banner 1,400.00 - General Fund Public Safety Facility Bond Arbitrage Rebate Calculations 1,125.00 General Fund Support Pier Enterprise Fund to account for depreciation 50,000.00 - expense
LBID Fund CalPoly Clam Study- FY 2025&FY 2026 only 30,000.00 - Chapman Estate Fund Gull Cottage Remediation - 20,000.00 Water Enterprise Fund Additional cost for street repairs related to Water projects 15,000.00 - ater Enterprise Fund Furniture for new Public Works staff - 4,600.00 Council Agenda 12-3-2024 12.A-4
Table 4: Proposed Budget Adjustments for Operating Budgets (continued) FY 2025 Proposed FY 2025 Proposed
Budget Adjustment Budget Adjustment
Fund Description Ongoing One-time
Expenditures
Water Enterprise Fund Interim water services for Zone 3,NCMA,and other water - 50,000.00 sources
Water Enterprise Fund Investment Advisory Service for City portfolio,offset by 4,400.00 - pro'ected interest earnings
Water Enterprise Fund Projected cost savings (20,000.00) Water Enterprise Fund Property Tax costs and other operating supplies and 441.00 - maintenance
Wastewater Treatment Fund Anticipated polymers costs - 8,000.00 Wastewater Treatment Fund Anticipated pump repair costs 15,000.00 Wastewater Treatment Fund Five Cities LS Panel Replacement - 90,000.00 Wastewater Treatment Fund Furniture for new Public Works staff - 4,600.00 Wastewater Treatment Fund Investment Advisory Service for City portfolio,offset by 4,400.00 - pro'ected interest earnings
Wastewater Treatment Fund Projected cost savings (23,000.00) Parking Enterprise Fund Beautification of Pier and Pier Plaza 50,000.00 Parking Enterprise Fund Investment Advisory Service for City portfolio,offset by 4,000.00 projected interest earnings
Parking Enterprise Fund Public Safety Facility Bond Arbitrage Rebate Calculations 375.00 Subtotal Expenditures $ 29,197.00 $ 206,000.00 Net Fiscal Impact(Revenues-expenditures) $ 110,803.00 $ (206,000.00) • Pier Enterprise Fund: The Pier Enterprise Fund includes revenues from the two airstream trailers on the Pier and expenditures for the airstreams, Pier restroom supplies, the Pier Plaza playground, Pier Plaza maintenance, and other Pier and Pier Plaza operating costs. The expenditures also include a depreciation expense from the pier. The Pier Enterprise Fund requires an additional ongoing $50,000 support from the General Fund to maintain a positive ending fund balance. Staff recommends that the Council appropriate an ongoing $50,000 from the General Fund to the Pier Enterprise Fund to support these expenditures.
• Beautification of Pier and Pier Plaza: The Parking Enterprise Fund revenues can be used to support beautification improvements in the paid parking zone. As such, staff recommends transferring an ongoing $50,000 from the Parking Enterprise Fund to the General Fund to help support the pier and pier plaza beautification, including repainting of the pier plaza playground whale and sign, the Christmas tree tower, and installing new restroom stall doors. Staff recommends that the Council appropriate an ongoing $50,000 from the Parking Enterprise Fund to the General Fund to support these expenditures.
Council Agenda 12-3-2024 12.A-5
• Investment Advisory Services: The City Treasurer is working with PFM AM to support the investments of the City's idle cash. Staff recommends that the Council appropriate an ongoing $40,000 across all funds in interest earnings to support an ongoing $40,000 in costs for these services.
• Cost Savings during Paving Project: The Public Works Facilities Division Streets Activity includes a budget for minor street repair and maintenance. Due to the coverage of the current Paving Project addressing key areas around the city, staff anticipate fewer anticipated minor street repairs. Staff recommends that the Council de-appropriate an ongoing $50 thousand from the budget, leaving a budget of $65 thousand if minor street repairs and maintenance need to be addressed. • Personnel Cost Savings: Staff recommend that Council de-appropriate $138 thousand in personnel costs savings in the General Fund.
• Cal Poly Clam Study: Staff recommends that the Council appropriate an ongoing $30 thousand for FY 2025 and FY 2026 to support the Cal Poly Clam Study agreement in the LBID Fund.
• Interim water services for Zone 3, NCMA, and other water sources: The City relies on experts to manage the City's water services from its various sources. Due to the departure of the City's Public Works Director/City Engineer that oversaw the majority of the City's water supply and maintenance, the City hired a consultant to support the City. Staff recommends that the Council appropriate a one-time $50,000 in the Water Enterprise Fund professional services account to support this cost. • Five Cities Lift Station panel replacement: The Five Cities Lift Station panel is no longer working and a temporary fix has been implemented to help ensure that the lift station will continue to function correctly until a permanent solution can be implemented. The permanent solution is approximately $90 thousand. Staff recommends that the Council appropriate a one-time $90 thousand expenditure in the Wastewater Enterprise Fund to support this project.
Project Adjustments
The following proposed budget adjustments reflect various one-time project adjustments to existing projects to reflect de-appropriating remaining budgets for completed projects and adding budget for updated project costs. The net fiscal impact is a net cost savings compared to budget of $221,811.30. Table 5 illustrates the net fiscal impact of the proposed budget adjustments by project and fund.
Council Agenda 12-3-2024 12.A-6
Table 5: Proposed Budget Adjustments for Project Adjustments FY 2025 Proposed
Budget Adjustment
Project Fund Description One-time
Revenues
Police RMS/CAD Capital Projects De-appropriate-project completed $ (14,665.12) Chumash&Palisades Parks improvements Capital Projects De-appropriate-project completed (90,969.06) Water bottlefilling stations Capital Projects Additional project costs-grantfunded 10,000.00 Police Parking Annex Capital Projects Additional project costs,final 34,023.81 Bello Bridge DeAnza Trail Ext Capital Projects De-appropriate-project completed (64,200.16) Server Replacement Technology Service Fund De-appropriate-project completed (80,000,00) Subtotal Revenues (205,810.53)
Expenditures
Booster Station VFD's Water Enterprise Fund Add Variable Frequency Drives(VFDs) $ 75,000.00 to 5 lift stations
Police RMS/CAD Grants-Non-Capital De-appropriate-project completed (14,665.12) Police RMS/CAD Capital Projects De-appropriate-project completed (14,665.12) Chapman House Improvements Chapman Estate Fund De-appropriate-project completed (30,128,77) Chumash&Palisades Parks improvements General Fund De-appropriate-project completed (90,969.06) Chumash&Palisades Parks improvements Capital Projects De-appropriate-project completed (83,284.06) Water bottlefilling stations Capital Projects Additional project costs-grantfunded 5,500.00 Police Parking Annex General Fund Additional project costs,final 10,207.14 adjustment for completed project
Police Parking Annex Capital Projects Additional project costs,final 34,023.81 adjustment for completed project
Police Parking Annex Parking Enterprise Fund Additional project costs,final 23,816.67 adjustment for completed project
Bello Bridge DeAnza Trail Ext General Fund De-appropriate-project completed (64,200.16) Bello Bridge DeAnza Trail Ext Capital Projects De-appropriate-project completed (64,200.16) Server Replacement General Fund De-appropriate-project completed (50,000.00) Server Replacement Water Enterprise Fund De-appropriate-project completed (15,000.00) Server Replacement Wastewater Treatment Fund De-appropriate-project completed (15,000.00) Server Replacement Technology Service Fund De-appropriate-project completed (80,000.00) Fire Station 63 Roof Repair Capital Projects De-appropriate-project completed (54,057.00) Subtotal Expenditures $ (427,621.83)
Net Fiscal Impact(Revenues-expenditures) $ 221,811.30 Deferred Projects
The following proposed budget adjustments reflect projects that can be deferred to a later date to focus on other high priority projects in the Water and Wastewater Enterprise Funds. The net fiscal impact is net one-time cost savings compared to budget of$660,800 in FY 2025. Table 6 illustrates the net fiscal impact of the proposed budget adjustments by fund.
Council Agenda 12-3-2024 12.A-7
Table 6: Proposed Budget Adjustments for Deferred Projects FY 2025 Proposed
Budget Adjustment
Project Fund Description One-time
Revenues
Outlet Center Ramp Waterlines Water Construction Fund De-appropriate-project deferred to a later date $ (410,800.00) De-appropriate-project deferred to a later date pending Public Corp Ya id Slurry Sea I Capital Projects Safety Facility project and Electric Vehicle Chargers (250,000.00) Subtotal Revenues (660,800.00)
Expenditures
Outlet Center Ramp Waterlines Water Enterprise Fund De-appropriate-project deferred to a later date $ (410,800.00) Outlet Center Ramp Waterlines Water Construction Fund De-appropriate-project deferred to a later date $ (410,800.00) De-appropriate-project deferred to a later date pending Public Corp Yard Slurry Seal General Fund Safety Facility project and Electric Vehicle Chargers $ (50,000.00) De-appropriate-project deferred to a later date pending Public Corp Yard Slurry Seal Capital Projects Safety Facility project and Electric Vehicle Chargers $ (250,000.00) De-appropriate-project deferred to a later date pending Public Corp Yard Slurry Seal Water Enterprise Fund Safety Facility project and Electric Vehicle Chargers $ (50,000.00) De-appropriate-project deferred to a later date pending Public Corp Yard Slurry Seal Wastewater Treatment Fund Safety Facility project and Electric Vehicle Chargers $ (150,000.00) Subtotal Expenditures $ (1,321,600.00) Net Fiscal Impact(Revenues-expenditures) $ 660,800.00 Technical Adjustments
The following proposed budget adjustments reflect technical adjustments to errors in the project accounts. The original project amounts will not change, but these changes will appropriately fund the projects. The net fiscal impact is net additional revenues compared to budget of $420,000. Table 7 illustrates the net fiscal impact of the proposed budget adjustments by fund.
Council Agenda 12-3-2024 12.A-8
Table 7: Proposed Budget Adjustments for Technical Adjustments FY 2025 Proposed
Budget Adjustment
Project Fund Description One-time
Revenues
Chapman House Improvements Chapman Estate Fund De-appropriate-project completed $ 630.00 South PalisadesWorkoutlTrail Capital Projects Technical Adjustment-no change toprojectfunding 360,000.00 Subtotal Revenues 360,630.00
Expenditures
Chapman House Improvements General Fund De-appropriate-project completed $ 630.00 Chapman House Improvements Park Development Fund Technical Adjustment-no changeto projectfunding $ (60,000.00) Subtotal Expenditures $ (59,370.00)
Net Fiscal Impact(Revenues-expenditures) $ 420,000.00 Conclusion and Recommendation
Staff recommends that the City Council adopt a Resolution (Attachment 1) approving and appropriating budget adjustments for FY 2025.
FISCAL IMPACT:
The net fiscal impact of adopting the attached Resolution (Attachment 1) across all funds is net ongoing expenditure savings of $13,989.00 and net one-time savings of $1,096,611.30. Table 8 below illustrates the proposed revenue and expenditure budget adjustments by fund and fiscal year.
Table 8: FY 2025 Proposed Mid-Cycle Budget Adjustments by Fund Fund Type Ongoing One-time
General Fund Rev $ 11,234.00 $ 100,626.00 General Fund Exp (51,419.00) (215,532.08)
Subtotal General Fund Net 62,653.00 316,158.08 Grants - Non-Capital Fund Exp (14,665.12) Subtotal Grants-Non-Capital Fund Net - 14,665.12 LBID Fund Rev (30,848.00)
LBID Fund Exp 30,000.00
Subtotal LBID Fund Net (60,848.00) -
Chapman Estate Fund Rev 630.00
Chapman Estate Fund Exp (10,128.77)
Subtotal Chapman Estate Fund Net - 10,758.77
Capital Projects Fund Rev (15,810.53)
Capital Projects Fund Exp (426,682.53)
Subtotal Capital Projects Fund Net - 410,872.00 Council Agenda 12-3-2024 12.A-9
Fund Type Ongoing One-time
Park Development Fund Exp (60,000.00)
Subtotal Park Development Fund Net - 60,000.00 Water Enterprise Fund Rev 4,400.00 64,832.00
Water Enterprise Fund Exp (159.00) (346,200.00) Subtotal Water Enterprise Fund Net 4,559.00 411,032.00 Water Construction Fund Rev (410,800.00) Water Construction Fund Exp (410,800.00) Subtotal Water Construction Fund Net - - Wastewater Treatment Fund Rev 4,400.00 600,000.00 Wastewater Treatment Fund Exp (3,600.00) (62,400.00) Subtotal Wastewater Treatment Fund Net 8,000.00 662,400.00 Pier Enterprise Fund Rev 50,000.00
Subtotal Pier Enterprise Fund Net 50,000.00 -
Parking Enterprise Fund Rev 4,000.00
Parking Enterprise Fund Exp 54,375.00 23,816.67 Subtotal Parking Enterprise Fund Net (50,375.00) (23,816.67) Impact Fees Exp 100,626.00
Subtotal Impact Fees Net - (100,626.00)
Water Expansion Fund Exp 64,832.00
Subtotal Water Expansion Fund Net - (64,832.00) Wastewater Expansion Exp 600,000.00
Subtotal Wastewater Expansion Net - (600,000.00) Technology Service Fund Rev (80,000.00) Technology Service Fund Exp (80,000.00) Subtotal Technology Service Fund Net - - Total All Funds $ 13,989.00 $1,096,611.30
ATTACHMENTS:
1. Resolution for Mid-Year Budget Adjustments
1.A. Exhibit A to Resolution: Summary of Budget Adjustments by Fund for FY 2025
Submitted by: Nadia Feeser, Administrative Services Director City Manager Approval:
l �
Council Agenda 12-3-2024 12.A-10
Attachment 1
RESOLUTION NO. R-2024-XXX
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PISMO BEACH,
CALIFORNIA APPROVING AND APPROPRIATING BUDGET ADJUSTMENTS FOR FISCAL YEAR 2025
WHEREAS, the City of Pismo Beach operates on a two-year budget cycle, which allows for long-term planning, coordination of multi-year capital projects, and efficiency of staff time as budget preparation only occurs every other year; and WHEREAS, in order to maintain accuracy of the budget and update the City's financial plan, it is important to review and revise it periodically to ensure the budget reflects current revenues received and operating costs and trends; and
WHEREAS, City staff proposes mid-year budget adjustments to reflect updated projections and estimates to the Fiscal Year (FY) FY 2025 budget; and WHEREAS, the FY 2025 budget adjustments reflect revenue projections, operating budgets, project adjustments, deferred projects, and technical adjustments; and WHEREAS, the net fiscal impact of the mid-year budget adjustments across all funds is net ongoing expenditure savings of $13,989.00 and net one-time expenditure savings of $1,096,611.30 in FY 2025.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Pismo Beach hereby appropriates changes in revenues and expenditures for FY 2025 as summarized in the table below, and detailed in attached Exhibit A, which by this reference are made a part hereof. This table and attached exhibit include net ongoing expenditure savings of $13,989.00 and net one-time expenditure savings of$1,096,611.30 in FY 2025 across all funds, to reflect the Council-approved budget adjustments.
Fund Type Ongoing One-time
General Fund Rev $ 11,234.00 $ 100,626.00 General Fund Exp (51,419.00) (215,532.08)
Subtotal General Fund Net 62,653.00 316,158.08
Grants - Non-Capital Fund Exp (14,665.12)
Subtotal Grants- Non-Capital Fund Net - 14,665.12 LBID Fund Rev (30,848.00)
LBID Fund Exp 30,000.00
Subtotal LBID Fund Net (60,848.00) -
Chapman Estate Fund Rev 630.00
Chapman Estate Fund Exp (10,128.77)
Subtotal Chapman Estate Fund Net - 10,758.77 Council Agenda 12-3-2024 12.A-11
Attachment 1
Fund Type Ongoing One-time
Capital Projects Fund Rev (15,810.53)
Capital Projects Fund Exp (426,682.53)
Subtotal Capital Projects Fund Net - 410,872.00 Park Development Fund Exp (60,000.00)
Subtotal Park Development Fund Net - 60,000.00 Water Enterprise Fund Rev 4,400.00 64,832.00 Water Enterprise Fund Exp (159.00) (346,200.00) Subtotal Water Enterprise Fund Net 4,559.00 411,032.00 Water Construction Fund Rev (410,800.00)
Water Construction Fund Exp (410,800.00)
Subtotal Water Construction Fund Net - -
Wastewater Treatment Fund Rev 4,400.00 600,000.00 Wastewater Treatment Fund Exp (3,600.00) (62,400.00) Subtotal Wastewater Treatment Fund Net 8,000.00 662,400.00 Pier Enterprise Fund Rev 50,000.00
Subtotal Pier Enterprise Fund Net 50,000.00 - Parking Enterprise Fund Rev 4,000.00
Parking Enterprise Fund Exp 54,375.00 23,816.67 Subtotal Parking Enterprise Fund Net (50,375.00) (23,816.67) Impact Fees Exp 100,626.00
Subtotal Impact Fees Net - (100,626.00)
Water Expansion Fund Exp 64,832.00
Subtotal Water Expansion Fund Net - (64,832.00) Wastewater Expansion Exp 600,000.00
Subtotal Wastewater Expansion Net - (600,000.00) Technology Service Fund Rev (80,000.00)
Technology Service Fund Exp (80,000.00)
Subtotal Technology Service Fund Net -
Total Al Funds $ 13,989.00 $1,096,611.30
BE IT FURTHER RESOLVED that the City Council of the City of Pismo Beach hereby appropriates any transfers or allocations between funds necessary to implement these Council-approved adjustments for FY 2025.
UPON MOTION OF Council Member , seconded by Council Member the foregoing resolution was adopted by the City Council of the City of Pismo Beach this 3rd day of December 2024, by the following vote:
AYES:
NOES:
Council Agenda 12-3-2024 12.A-12
Attachment 1
ABSENT:
ABSTAIN:
RECUSED:
Approved: Attest:
Ed Waage, Mayor Erica Inderlied, City Clerk
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the official seal of the City of Pismo Beach, California, on
Erica Inderlied, City Clerk
Council Agenda 12-3-2024 12.A-13
Attachment 1.A
Rev/ Account Ongoing/
Category Description Fund Fund Title Dept Title Exp Account Description Project Title FY2025 One-time Revenue Additional property 1001 General Fund General Rev 41101 Prop Taxes-Curr No Project 100,000.00 ongoing Projections tax revenues Government Secured Revenue Impact Fee Fund 1001 General Fund General Rev 41101 Prop Taxes-Curr No Project 100,626.00 one-time Projections transfer to support Government Secured portion of
corporation yard
building
construction
Revenue Impact Fee Fund 3102 Impact Fees Community Exp 59101 Transfer Out Public Art Program 100,626.00 one-time Projections transferto support Development General Fund portion of
corporation yard
building
construction
Revenue LBIDAssessment 2006 LBIDFund General Rev 41601 LBIDAssessment No Project (15,424.00) ongoing Projections revenue reduction Government Revenue Revenue LBIDAssessment- 2006 LBIDFund General Rev 41604 LBIDAssessment- No Project (15,424.00) ongoing Projections improvements Government Improvements revenue reduction
Revenue Transient 1001 General Fund General Rev 41301 Trans Occupancy No Project (165,966.00) ongoing Projections Occupancy Tax Government Tax Revenue Reduction
Revenue Water Impact Fee 6201 Wastewater General Rev 49623 Transfer In No Project 600,000.00 one-time Projections transfer to support Treatment Fund Government Wastewater Exp Recycled water
project(wastewater
portion)
Revenue Water Impact Fee 6203 Wastewater General Exp 59621 Transfer Out WW No Project 600,000.00 one-time Projections transfer to support Expansion Government Treatment Recycled water
project(wastewater
portion)
Revenue Water Impact Fee 6101 Water Enterprise General Rev 49614 Transfers In From No Project 64,832.00 one-time Projections transferto support Fund Government Water Exp Recycled water
project(water
portion)
Council Agenda 12-3-2024 12.A-14
Attachment 1.A
Rev/ Account Ongoing/
Category Description Fund Fund Title Dept Title Exp Account Description Project Title FY2025 One-time Revenue Water Impact Fee 6104 Water Expansion General Exp 59611 Transfer Out No Project 64,832.00 one-time Projections transfer to support Fund Government Water Ent Recycled water
project(water
portion)
Operating Added increase in 1001 General Fund Community Exp 52305 Pumpkins in the Pumpkins on Pier 1,000.00 ongoing Budgets costs with vendors, Development Park
supplies,etc.
Operating Added i nc rea s e to 1001 General Fund Community Exp 52305 Holiday Harmony Holiday Harmony 1,500.00 ongoing Budgets snow,decor and Development
bounce houses
Operating Additional 1001 General Fund Public Works Exp 52225 Misc Schools& No Project 7,500.00 ongoing Budgets certification Training
trainings
Operating Additional cost for 6101 Water Enterprise Public Works Exp 52312 Street Repair& No Project 15,000.00 ongoing Budgets street repairs Fund Maint.
related to Water
projects
Operating Animal Services 1001 General Fund Police Exp 52113 No Project 31,693.00 ongoing Budgets Divis ion County Interagency
costs Contracts
Operating Anticipated 6201 Wastewater Public Works Exp 52320 Polymers No Project 8,000.00 one-time Budgets polymers costs Treatment Fund
Operating Anticipated pump 6201 Wastewater Public Works Exp 52332 Pump Repair No Project 15,000.00 ongoing Budgets repair costs Treatment Fund
Operating Beautification of 1001 General Fund Public Works Rev 49651 Transfer In No Project 50,000.00 ongoing Budgets Pier and Pier Plaza Parking Fund
Operating Beautification of 6501 Parking Police Exp 59101 Transfer Out No Project 50,000.00 ongoing Budgets Pier and Pier Plaza Enterprise Fund General Fund Operating CalPolyClam Study 2006 LBIDFund City Manager Exp 58002 Contributions No Project 30,000.00 ongoing Budgets - FY 2025&FY 2026
only
Operating Cost savings during 1001 General Fund Public Works Exp 52312 Street Repair& No Project (50,000.00) ongoing Budgets Paving Project Maint.
Operating Five Cities LS Panel 6201 Wastewater Public Works Exp 52335 Collection Sys No Project 90,000.00 one-time Budgets Replacement Treatment Fund Maint
Operating Furniture for new 1001 General Fund Public Works Exp 52306 Operating5upp& No Project 13,800.00 one-time Budgets Public Works staff Maint
Council Agenda 12-3-2024 12.A-15
Attachment 1.A
Rev/ Account Ongoing/
Category Description Fund Fund Title Dept Title Exp Account Description Project Title FY2025 One-time Operating Furniture for new 6101 Water Enterprise Public Works Exp 52306 OperatingSupp& No Project 4,600.00 one-time Budgets Public Works staff Fund Maint Operating Furniture for new 6201 Wastewater Public Works Exp 52306 Operating5upp& No Project 4,600.00 one-time Budgets Public Works staff Treatment Fund Maint Operating Gull Cottage 2007 Chapman Estate Public Works Exp 52201 Contract Services No Project 20,000.00 one-time Budgets Remediation Fund
Operating Increased Traffic 1001 General Fund Public Works Exp 52201 Contract Services No Project 15,000.00 ongoing Budgets signal maintenance
of City owned
facilities and Hwy
101 trash mitigation
Operating Interim water 6101 Water Enterprise Public Works Exp 52101 Professional No Project 50,000.00 one-time Budgets services for Zone 3, Fund Services NCMA,and other
water sources
Operating Investment Advisory 1001 General Fund Administrative Exp 52101 Professional No Project 27,200.00 ongoing Budgets Service for City Services Services
portfolio,offset by
projected interest
earnings
Operating Investment Advisory 1001 General Fund General Rev 44001 Interest No Project 27,200.00 ongoing Budgets Service for City Government
portfolio,offset by
projected interest
earnings
Operating Investment Advisory 6101 Water Enterprise Administrative Exp 52101 Professional No Project 4,400.00 ongoing Budgets Service for City Fund Services Services portfolio,offset by
projected interest
earnings
Operating Investment Advisory 6101 Water Enterprise General Rev 44001 Interest No Project 4,400.00 ongoing Budgets Service for City Fund Government
portfolio,offset by
projected interest
earnings
Operating Investment Advisory 6201 Wastewater Administrative Exp 52101 Professional No Project 4,400.00 ongoing Budgets Service for City Treatment Fund Services Services portfolio,offset by
Council Agenda 12-3-2024 12.A-16
Attachment 1.A
Rev/ Account Ongoing/
Category Description Fund Fund Title Dept Title Exp Account Description Project Title FY2025 One-time projected interest
earnings
Operating Investment Advisory 6201 Wastewater General Rev 44001 Interest No Project 4,400.00 ongoing Budgets Service for City Treatment Fund Government portfolio,offset by
projected interest
earnings
Operating Investment Advisory 6501 Parking Administrative Exp 52101 Professional No Project 4,000.00 ongoing Budgets Service for City Enterprise Fund Services Services portfolio,offset by
projected interest
earnings
Operating Investment Advisory 6501 Parking General Rev 44001 Interest No Project 4,000.00 ongoing Budgets Service for City Enterprise Fund Government portfolio,offset by
projected interest
earnings
Operating Investment Advisory 1001 General Fund Debt Service Exp 52101 Professional No Project 15,000.00 one-time Budgets services for 2024 Services
LRBs PSF project
Operating Personnel cost 1001 General Fund General Exp 50106 Payfor No Project (137,837.00) ongoing Budgets savings Government Performance
Operating Post flyers in utility 1001 General Fund Community Exp 52305 Holiday Holiday Decorating 1,400.00 ongoing Budgets bills/banner Development Decorating Cont Operating Projected cost 6101 Water Enterprise Public Works Exp 52329 Reservoir No Project (20,000.00) ongoing Budgets savings Fund Maintenance
Operating Projected cost 6201 Wastewater Public Works Exp 52331 Process Equip No Project (23,000.00) ongoing Budgets savings Treatment Fund Repair
Operating Property Tax costs 6101 Water Enterprise Public Works Exp 52306 Operating5upp& No Project 441.00 ongoing Budgets and other operating Fund Maint supplies and
maintenance
Operating Public Safety 1001 General Fund Debt Service Exp 52101 Professional No Project 1,125.00 ongoing Budgets Facility Bond Services
Arbitrage Rebate
Calculations
Council Agenda 12-3-2024 12.A-17
Attachment 1.A
Rev/ Account Ongoing/
Category Description Fund Fund Title Dept Title Exp Account Description Project Title FY2025 One-time Operating Public Safety 6501 Parking Debt Service Exp 52101 Professional No Project 375.00 ongoing Budgets Facility Bond Enterprise Fund Services Arbitrage Rebate
Calculations
Operating Support Pier 1001 General Fund General Exp 59641 Transfer Out Pier No Project 50,000.00 ongoing Budgets Enterprise Fund to Government Fund
accountfor
depreciation
expense
Operating Support Pier 6401 Pier Enterprise General Rev 49101 Transfer In No Project 50,000.00 ongoing Budgets Enterprise Fund to Fund Government General Fund accountfor
depreciation
expense
Project Add Variable 6101 Water Enterprise Public Works Exp 56001 Cap Outlay-Mach Booster Station VFD's 75,000.00 one-time Adjustments Frequency Drives Fund &Equip (VFDs)to 5 lift
stations
Project Additional project 3001 Capital Projects Public Works Rev 45008 Other Local Water bottle filling 10,000.00 one-time Adjustments costs-grant funded Agency Revenues stations Project Additional project 3001 Capital Projects Public Works Exp 56007 Capital Outlay- Water bottle filling 5,500.00 one-time Adjustments costs-grant funded Improvements stations Project Additional project 1001 General Fund Public Works Exp 59301 Transfer Out Cap Police ParkingAnnex 10,207.14 one-time Adjustments costs,final Project
adjustment for
completed project
Project Additional project 3001 Capital Projects Public Works Rev 49101 Transfer In Police ParkingAnnex 10,207.14 one-time Adjustments costs,final General Fund
adjustment for
completed project
Project Additional project 3001 Capital Projects Public Works Rev 49651 Transfer In Police ParkingAnnex 23,816.67 one-time Adjustments costs,final Parking Fund
adjustment for
completed project
Project Additional project 3001 Capital Projects Public Works Exp 56007 Capital Outlay- Police ParkingAnnex 34,023.81 one-time Adjustments costs,final Improvements
adjustment for
completed project
Council Agenda 12-3-2024 12.A-18
Attachment 1.A
Rev/ Account Ongoing/
Category Description Fund Fund Title Dept Title Exp Account Description Project Title FY2025 One-time Project Additional project 6501 Parking Public Works Exp 59301 Transfer Out Cap Police Parking Annex 23,816.67 one-time Adjustments costs,final Enterprise Fund Project adjustment for
completed project
Project De-appropriate- 1001 General Fund Public Works Exp 59301 Transfer Out Cap Chumash&Palisades (90,969.06) one-time Adjustments project completed Project Parks improvements Project De-appropriate- 1001 General Fund Public Works Exp 59301 Transfer Out Cap Bello Bridge DeAnza (64,200.16) one-time Adjustments project completed Project Trail Ext Project De-appropriate- 1001 General Fund Administrative Exp 59711 Transfer Out IT Server Replacement (50,000.00) one-time Adjustments project completed Services Fund
Project De-appropriate- 2004 Grants-Non- Police Exp 59301 Transfer Out Cap PoliceRMS/CAD (14,665.12) one-time Adjustments project completed Capital Project Project De-appropriate- 2007 Chapman Estate Public Works Exp 52313 Major Repair& Chapman House (20.17) one-time Adjustments project completed Fund Maint Improvements Project De-appropriate- 2007 Chapman Estate Public Works Exp 56004 Capital Outlay- Chapman House (30,108.60) one-time Adjustments project completed Fund Building Improvements Project De-appropriate- 3001 Capital Projects Police Rev 49204 Transfer In Grants PoliceRMS/CAD (14,665.12) one-time Adjustments project completed Non-Cap
Project De-appropriate- 3001 Capital Projects Police Exp 56002 Cap Outlay PoliceRMS/CAD (14,665.12) one-time Adjustments project completed Computers
Project De-appropriate- 3001 Capital Projects Public Works Exp 56004 Capital Outlay- Fire Station 63 Roof (54,057.00) one-time Adjustments project completed Building Repair Project De-appropriate- 3001 Capital Projects Public Works Rev 49101 Transfer In Chumash&Palisades (90,969.06) one-time Adjustments project completed General Fund Parks improvements Project De-appropriate- 3001 Capital Projects Public Works Exp 56007 Capital Outlay- Chumash&Palisades (83,284.06) one-time Adjustments project completed Improvements Parks improvements Project De-appropriate- 3001 Capital Projects Public Works Rev 49101 Transfer In Bello Bridge De Anza (64,200.16) one-time Adjustments project completed General Fund Trail Ext Project De-appropriate- 3001 Capital Projects Public Works Exp 56001 Cap Outlay-Mach Bello Bridge DeAnza (64,200.16) one-time Adjustments project completed &Equip Trail Ext Project De-appropriate- 6101 Water Enterprise Administrative Exp 59711 Transfer Out IT Server Replacement (15,000.00) one-time Adjustments project completed Fund Services Fund Project De-appropriate- 6201 Wastewater Administrative Exp 59711 Transfer Out IT Server Replacement (15,000.00) one-time Adjustments project completed Treatment Fund Services Fund Project De-appropriate- 7101 Technology Administrative Rev 49101 Transfer In Server Replacement (50,000.00) one-time Adjustments project completed Service Fund Services General Fund Project De-appropriate- 7101 Technology Administrative Rev 49611 Transfer In Water Server Replacement (15,000.00) one-time Adjustments project completed Service Fund Services Ent Fund Council Agenda 12-3-2024 12.A-19
Attachment 1.A
Rev/ Account Ongoing/
Category Description Fund Fund Title Dept Title Exp Account Description Project Title FY2025 One-time Project De-appropriate- 7101 Technology Administrative Rev 49621 Transfer In Server Replacement (15,000.00) one-time Adjustments project completed Service Fund Services Wastewater Ent Fnd
Project De-appropriate- 7101 Technology Administrative Exp 56001 Cap Outlay-Mach Server Replacement (80,000.00) one-time Adjustments project completed Service Fund Services &Equip Deferred De-appropriate- 6101 Water Enterprise Public Works Exp 59613 Transfer Out Outlet Center Ramp (410,800.00) one-time Projects project deferred to Fund Water Constructn Waterlines a later date
Deferred De-appropriate- 6103 Water Public Works Rev 49611 Transfer In Water Outlet Center Ramp (410,800.00) one-time Projects project deferred to Construction Ent Fund Waterlines a later date Fund
Deferred De-appropriate- 6103 Water Public Works Exp 56010 Cap Outlay- Outlet Center Ramp (410,800.00) one-time Projects project deferred to Construction Waterlines Waterlines a later date Fund
Deferred De-appropriate- 1001 General Fund Public Works Exp 59301 Transfer Out Cap Corp Yard Slurry Seal (50,000.00) one-time Projects project deferred to Project
a later date pending
Public Safety
Facility project and
Electric Vehicle
Chargers
Deferred De-appropriate- 3001 Capital Projects Public Works Rev 49101 Transfer In Corp Yard Slurry Seal (50,000.00) one-time Projects project deferred to General Fund
a later date pending
Public Safety
Facility project and
Electric Vehicle
Chargers
Deferred De-appropriate- 3001 Capital Projects Public Works Rev 49611 Transfer In Water Corp Yard Slurry Seal (50,000.00) one-time Projects project deferred to Ent Fund
a later date pending
Public Safety
Facility project and
Electric Vehicle
Chargers
Deferred De-appropriate- 3001 Capital Projects Public Works Rev 49621 Transfer In Corp Yard Slurry Seal (150,000.00) one-time Projects project deferred to Wastewater Ent
a later date pending Fnd
Public Safety
Council Agenda 12-3-2024 12.A-20
Attachment 1.A
Rev/ Account Ongoing/
Category Description Fund Fund Title Dept Title Exp Account Description Project Title FY2025 One-time Facility project and
Electric Vehicle
Chargers
Deferred De-appropriate- 3001 Capital Projects Public Works Exp 56008 Cap Outlay-Street Corp Yard Slurry Seal (250,000.00) one-time Projects project deferred to Const
a later date pending
Public Safety
Facility project and
Electric Vehicle
Chargers
Deferred De-appropriate- 6101 Water Enterprise Public Works Exp 59301 Transfer Out Cap Corp Yard Slurry Seal (50,000.00) one-time Projects project deferred to Fund Project
a later date pending
Public Safety
Facility project and
Electric Vehicle
Chargers
Deferred De-appropriate- 6201 Wastewater Public Works Exp 59301 Transfer Out Cap Corp Yard Slurry Seal (150,000.00) one-time Projects project deferred to Treatment Fund Project a later date pending
Public Safety
Facility project and
Electric Vehicle
Chargers
Technical De-appropriate- 1001 General Fund Public Works Exp 59207 Transfer Out Chapman House 630.00 one-time Adjustments project completed Chapman Fund Improvements Technical De-appropriate- 2007 Chapman Estate Public Works Rev 49101 Transfer In Chapman House 630.00 one-time Adjustments project completed Fund General Fund Improvements Technical Technical 3001 Capital Projects Public Works Rev 49101 Transfer In South Palisades 360,000.00 one-time Adjustments Adjustment-no General Fund Workout/Trail change to project
funding
Technical Technical 3003 Park Public Works Exp 56007 Capital Outlay- South Palisades (60,000.00) one-time Adjustments Adjustment-no Development Improvements Workout/Tra i I change to project Fund
funding
Council Agenda 12-3-2024 12.A-21