Quarterly
Financial Report
City Council Strategic Plan Update
FY 2023/24 Second Quarter Report
FY 2022/23 Year-End Recap
Agenda
FY 2022/23 Year-End Recap
• The Annual Comprehensive Financial Report has been completed and received a clean auditor’s opinion.
• The NET year-end one-time budgetary resources are approximately $3.1 million.
Proposed Commitments
Commitments Amount
Enterprise Asset Management System 1,000,000$
Whitney Community Park Parking Lot Expansion 800,000
Sunset Whitney Recreation Area Maintenance Yard 600,000 Fire Radios 250,000
Fleet Electrification Study 100,000
Open Swim 80,000
Document Digitization 80,000
Department Organizational Assessment 75,000
Fleet Capital Reserve 54,550
Building Reserve 50,000
Total 3,089,550$
General Fund Revenue Trend
*The reported figures have been adjusted to exclude one-time resources for a more accurate representation of ongoing financial trends Recommended Budget Adjustments
• Reduce the Sales Tax budget by $420,000 to align with recent and anticipated sales tax trends and consumer spending.
• Increase the Interest Earnings budget by $450,000 to account for higher returns on the City’s pooled investment fund.
STRATEGICPLANNING UPDATE
October 2023 - December 2023
Work towards constructing and staffing a 4th Rocklin Fire Station south/east of Interstate 80 On December 12, 2023, City Council authorized a Fire Station design/engineering services contract and approved the purchase of equipment for a 4th Fire Station Establish a 3-year Pavement Management Program
City Council awarded a professional services contract
Create and Implement a Strategic Plan for IT services
Staff facilitated an internal SWOT analysis for staff and customers
R E S IL IE N T
PILLAR OBJECTIVES AND PROGRESS
Continue implementation of the adopted Economic Development Strategy and support efforts to recruit, retain, and expand local businesses
Staff participated in the Placer Valley 2023 Economic Development on October 6, 2023 Nurture efforts to establish the Quarry District as a regional destination On November 14, 2023, City Council executed a Letter of Intent (LOI) with G3 Concepts for purchase and sale of the Big Gun property
V IB R A N T
PILLAR OBJECTIVES AND PROGRESS
Update the City’s Zoning Code
On December 18, 2023, City staff released a Request for Proposals (RFP) for consultant services for a comprehensive zoning code update
Use master planning processes to guide future development of parks that provide the community with amenities that currently are not offered within Rocklin’s park system Building demolition for Sunset Whitney Recreation Area (SWRA) completed
L IV A B L E
PILLAR OBJECTIVES AND PROGRESS
Implement a Section 115 Trust to better address CalPers obligations Section 115 Trust established
Implement comprehensive workforce development and succession planning programs Program research and implementation filling of vacant position
S U S T A IN A B L E
PILLAR OBJECTIVES AND PROGRESS
S A F E
PILLAR OBJECTIVES AND PROGRESS
Continue public education efforts regarding prevention of crimes of opportunity Outreach at middle schools. Multiple Rocklin Police Activities League (RockPAL) events Improve Interoperability between law enforcement, fire, and EMS agencies Fire Department received funding to outfit five emergency vehicles with dual band radios
STRATEGIC PLAN QUARTERLY UPDATES
VIBRANTRESILIENT
LIVABLE
30%10%
20% 15% 35%
SUSTAINABLE SAFE
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