ACTION:
____________________________
Clerk/Secretary
Department: Finance Item No: D1
Prepared by:
Mathew McDonald, Finance Manager
Lori Ruiz, Senior Accountant Meeting Date: November 15, 2022 Approved by:
Mike Sylvia, Director
Amanda Lee, Acting City Manager Agenda Location: Discussion SUBJECT: FISCAL YEAR 2021/22 FOURTH QUARTER FINANCIAL REPORT RECOMMENDATION:
1.Receive and file the Fiscal Year 2021/22 Fourth Quarter Financial Report.
2.Adopt City Council Resolution No. 2022- , amending the Operating Budget for Fiscal Years 2021/22 and 2022/23 and amending the Capital Project Budget for Fiscal Years 2021/22 and 2022/23.
3.Adopt Buena Sanitation District Resolution No. 2022- , amending the Operating Budget for Fiscal Years 2021/22 and 2022/23.
CORRELATION TO CITY COUNCIL GOALS: (1) Fiscal Responsibility, (2) Public Safety, and (3) Parks and Recreation.
PRIOR ACTION: On May 10, 2022, received and filed the Fiscal Year 2021/22 Third Quarter Financial Report; adopted City Council Resolution No. 2022-70, amending the Operating Budget for Fiscal Years 2022-22 and 2022/23 (Vote: 5-0).
See Exhibit 12 for a comprehensive list of prior actions.
STATEMENT ON THE SUBJECT: General Fund revenues derived from outside sources totaled $109,644,415 for Fiscal Year (FY) 2021/22. When combined with other financing sources totaling $526,795 (primarily from the use of reserves and transfers from other funds) there was $110,171,210 available to the General Fund. These sums exceeded the budgeted revenue, and thus the anticipated need to use the Structural Deficit Reserve (SDR) to balance the budget did not occur.
For FY 2021/22, all property tax revenues were 7.2 percent above budgetary estimates.Sales and Use Tax revenues were 4.1 percent above budgetary estimates. The combination of property and sales tax combined with other revenue sources within the Taxes category, total tax revenue exceeded budget. The combined results show Taxes at 109.4 percent of budget. Exhibit 2 provides detailed information on various General Fund revenue activities.
Specific to sales and use taxes, the positive variance of actual results versus FY 2021/22 budgetary estimates is due to the continuing positive effect of AB 147. AB 147 requires online retailers to remit sales and use taxes to the California Department of Tax and Fee Administration. This additional sales tax AGENDA
REPORT
CITY COUNCIL
COMMUNITY DEVELOPMENT COMMISSION
SUCCESSOR AGENCY
BUENA SANITATION DISTRICT
JOINT POWERS FINANCING AUTHORITY
11/15/2022 D1 1 of 28
Approved above recommendation, adopted the following: 1) City Council Resolution No. 2022-172; and 2) Buena Sanitation District Resolution No. 2022-21. Vote: 5-0
MEETING DATE: November 15, 2022 PAGE 2
SUBJECT: FISCAL YEAR 2021/22 FOURTH QUARTER FINANCIAL REPORT collection and distribution via the San Diego County pool coupled with the Federal fiscal stimulus created the unique, one-time large shift in sales and use taxes. City staff will continue to work with the City's sales and use tax consultants in making future estimates; however, significant increases are not anticipated in the near term due to an equalizing local economy, inflationary pressures, and the absence of major direct fiscal stimulus to consumers.
Receipts for Proposition "L" revenues were $12,009,138, or 7.2 percent above budgetary estimates, and
16.0 percent above prior year actuals. Proposition "L" expenditures included debt service costs of 6,639,500, a fire personnel contribution of$1,205,021, and administrative costs of$12,539. Revenues exceeded expenditures in FY 2021/22 by $4,152,078; this balance was added to the Proposition "L" fund balance reserve balance at year-end. The balance in the Proposition "L" reserve as of June 30, 2022, was 15,810,593. A more detailed projection of Proposition "L" revenue and expense activity is provided in Exhibit 2.
General Fund operating expenditures (Exhibit 4)were 14.9 percent under budget, primarily due to salary and other position-related savings during recruitments for vacant positions, a portion of the PERS Unfunded Liability payment moved to 2022-23, lower-than-anticipated payments for the construction and planning services, delays in capital purchases, and other miscellaneous items. All General Fund operating departments were able to complete the year within their respective appropriation with no significant unexpected variances noted. After funding required reserves and designations, there is $3,576,387 of available General Fund fund balance at June 30, 2022. The Acting City Manager recommends the following uses of the year-end available fund balance:
ITEM AMOUNT
Citywide 3 percent Salaries Adjustment - General Fund and subsidized funds 751,651 Brengle Terrace - Softball Field Lighting 950,000
Moonlight Facility Reserve Account 500,000
Brengle Terrace - Turf and Irrigation Replacement 400,000 Financial System Software 199,000
Civic Center Roof Recoat 140,000
Public Works Laydown Yard Reserve Account 378,736
Civic Center Building Maintenance 92,000
Fiber Optic Emergency Repair Traffic Signal Cabinet 70,000 Luz Duran Playground Surfacing 60,000
Data Analytics Software 35,000
TOTAL 3,576,387
Staff recommends the City Council approve the above uses of Year End Fund Balance and amend the Fiscal Year 2022/23 Operating and Capital Project Budgets to incorporate these uses. In addition, staff recommends reclassification of$500,000 of the prior year-end fund balance, previously set aside as a match for a project that did not move forward, to the Public Works Laydown Yard reserve account.
Additional budget amendments include appropriation increases of$77,593 for the Vista Sewer Fund, 3,074 for the CMTC Fund, and $32,941 for the Buena Sanitation District Fund to fund the 3 percent across the board increases for positions allocated to each fund. Resolutions of approval are included as Exhibit 9 and Exhibit 10.
11/15/2022 D 1 2 of 28
MEETING DATE: November 15, 2022 PAGE 3
SUBJECT: FISCAL YEAR 2021/22 FOURTH QUARTER FINANCIAL REPORT Required Disclosure. Section 3702.6(b) of the California Labor Code requires that "each public self- insurer shall advise its governing board within 90 days after submission of the self-insurer's annual report of the total liabilities reported and whether current funding of those workers' compensation liabilities is in compliance with the requirements of Government Accounting Standards Board Publication No. 10." The total workers' compensation liabilities reported as of June 30, 2022, were $5,965,000. These liabilities are accounted for within the City's Risk Management Internal Service Fund, and the reporting is in compliance with the Government Accounting Standards Board Statement No. 10.
FISCAL IMPACT: Exhibit 6 provides a summary of the General Fund fund balances as classified under Governmental Accounting Standards Board Statement No. 54 at June 30, 2022. Precluding any adjustments that may be made by the auditors, there is an available year-end General Fund fund balance in the amount of$3,576,387, for which the Acting City Manager has provided recommended uses.
EXHIBITS:
1. Financial and Economic Highlights. Included with this exhibit is a narrative discussing some of the more noteworthy items. Also included is a Proposition "L" history of reserve balances
2. General Fund Revenue Summary, Twelve Months Ending June 30, 2022. This summary reflects General Fund revenues that were received or accrued by the end of the fiscal year
3. Revenue Graphs. Presents a graphic representation of"Budget Target" vs. "Actual Revenues" for the two largest General Fund revenue sources. These revenues, sales tax and property tax, account for about 48 percent of total General Fund revenue received from outside sources. The "Budget Target" presented on each graph is derived from a trend analysis of the revenues received by the City in the prior three years. Comparing the "Actual Received" to the "Budget Target" reviews the reasonableness of the revenue estimate for this year
4. General Fund Expenditure Summary, Twelve Months Ending June 30, 2022. Presents expenditures by operating budget unit for the General Fund. It should be noted that the amounts shown in the Expended As Of" column report expenditures only and do not include encumbrances. This schedule shows expenditures paid and accrued as of the end of the fiscal year
5. Reconciliation of Original Revenue Estimates and Appropriations to Amounts at June 30, 2022.
Presents a reconciliation between originally adopted budget amounts for both estimated revenues and appropriations to current budget amounts
6. General Fund Fund Balance. Presents a listing of General Fund fund balance at June 30, 2022, in accordance with GASB 54
7. Enterprise Funds Combined Balance Sheet, June 30, 2022. Presents the balance sheet for the City's enterprise activities. The balance sheet is a "snapshot" of the assets, liabilities, and fund equity assets minus liabilities) at a given moment in time. Generally, Total net position represents the total of revenues and contributions over expenses since the inception of the enterprise operation
8. Enterprise Funds Combined Income Statement, Twelve Months Ending June 30, 2022. Presents the income statement for the City's enterprise activities. Whereas the balance sheet is a "snapshot" at a given point in time, the income statement can be thought of as a "movie" showing activity (revenue and expenses) over a given period of time. Generally, the changes in the balance sheet between two given dates flow through the income statement. Because the majority of sewer service charges are collected on the tax roll, no material cash amounts are received until December. When looking at the income statement for the enterprise activities, it should be kept in mind that depreciation is a non-cash expense. Depreciation recognizes the "cost" of using a fixed asset over its useful life. Most depreciation charges are not booked until the end of the fiscal year.
9. City Council Resolution No. 2022- , amending the Operating Budget for Fiscal Years 2021/22 and 2022/23 and amending the Capital Project Budget for Fiscal Years 2021/22 and 2022/23
10. Buena Sanitation District Resolution No. 2022- , amending the Operating Budget for Fiscal Years 2021/22 and 2022/23
11. City Council Policy 200-19, Use of Year-End Fund Balance
12. Prior Actions
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FOURTH QUARTER FINANCIAL REPORT
FINANCIAL AND ECONOMIC HIGHLIGHTS
The purpose of the fourth quarter report is to present a financial and economic review of the City's fiscal status for the 12 months of operations for the FY 2021/22.
Local Property Tax. According to the County of San Diego Assessors' Office, the City's total assessed valuation (both secured and unsecured)for the FY 2021/22 was 13,493,563,155. The assessed valuation represents an increase of$581,551,782 or
4.5 percent as compared to the FY 2020/21 assessed valuation figures. Budgetary estimates for the FY 2021/22 for property tax revenues were $27,037,609. The final annual amount received totaled $28,981,823 or 7.2 percent above the budgetary estimate.
Building Activity. Vista has no parcels on which to place large housing tracts, but some smaller in-fill projects are expected to be built over the next several years. The valuation of building permits issued in Vista (April 1, 2022 to June 30, 2022)for residential units totaled 4,874,859 for the fourth quarter ended June 30, 2022, as compared to $4,063,871 for the fourth quarter ended June 30, 2021.
The valuation of building permits issued for new non-residential buildings totaled $771,216 for the fourth quarter ended June 30, 2022, as compared to $169,491 for the fourth quarter ended June 30, 2021.
The valuation of all building and related permits totaled $8,989,584 for the fourth quarter ended June 30, 2022, as compared to $10,612,289 for the fourth quarter ended June 30 2021.
General Fund fees and permits (building, engineering, and planning) generated by this activity totaled $4,210,302 for the fourth quarter ended June 30, 2022, as compared to 4,185,706 for the fourth quarter ended June 30, 2021. The increase was primarily in engineering fees. Timing differences between assigning valuations and collecting fees can cause a difference when comparing revenue activity to valuation activity. Following is a chart showing the valuation of building permits issued by quarter for the last 20 quarters.
BUILDING PERMIT VALUATIONS
70,000,000
60,000,000
50,000,000
40,000,000
J $30,000,000
20,000,000
10,000,000
I W N o0 oO O 6) O O ON ON N N
O O N N
N N N N N N
a L)z a L)z a L)z a 0 W z a L)z
W W Q D W W Q D W W Q D W W Q D W W Q D
o g cn o g W o g U) 0 g cn o g
QUARTER
Local Employment. The San Diego area economy has recovered from the record high unemployment rates the region shouldered during the worst of the COVID-19 pandemic in spring 2020. Preliminary unemployment in San Diego County as of June 2022 was 3.2 percent, 4.1 percent lower than the 7.3 percent as of June 2021. As of June 2022 preliminary data), the City of Vista had a labor force of 44,212 with 42,749 employed, giving Vista an unemployment rate of 3.3 percent. In June 2021, the Vista unemployment rate was
7.4 percent.
EXHIBIT 1
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Consumer Price Index. The consumer price index for the greater San Diego area showed an increase of 5.2 percent for calendar year 2021, as compared to an increase of
1.5 percent for calendar year 2020. Consumer price index information for the San Diego area is only released twice each year, June and December. For the second half of 2021, the rate increased at an annual rate of 6.3 percent. The consumer price index for the first half of calendar year 2022 increased at an annual rate of 8.1 percent.
Housing. Single Family Detached (SFD) median home prices in Vista zip codes increased
26.7 percent in July 2022 to $950,000 compared to $750,000 in May 2021.
Single Family Attached (SFA) median home prices in Vista zip codes increased 31.2 percent to $593,500 in May 2022 compared to $452,500 in May 2021.
Sales Tax. The City's share of retail sales tax is highly dependent on continuing employment and consumer confidence. These taxes, collected by local businesses for the fiscal year 2022, totaled $23,606,028, representing a year over year increase of 12.6 percent. This increase was largely due to a high level of demand combined with inflationary pressures increasing prices, as well as the continued effect of AB 147, the mandated collection of out-of-state online retailers' sales taxes. 6,800,000
SALES AX NET CCOULLECC TDONS
6,300,000
5,800,000
5,300,000
4,800,000
4,300,000 — J_
3,800,000
N N 00 00 00 00 G1 G1 Cn Cn O O O O r4 rl ri rl N N
ei ei ri ri ri ri ri a-1 .-I ei N N N N N N N N N N
CL U 0: Z DL U W Z 0. 0 W Z OL U W Z d VW C Z
N Q C in Q i
0 Q C 0 Q C N
QUARTER
Proposition "L"Sales Taxes. An annual amount of$1,205,021 of the additional '/2 cent sales tax, adopted by Proposition "U in November 2007, is used to fund fire services. In addition, for FY 2021/22, $6,639,500 was used to fund debt service on the certificates of participation that were issued to fund the Community Projects.
Actual Proposition "L" revenues, in the amount of$12,009,138, were received during the fiscal year, which funded the fire, debt service, and administrative costs of$7,857,060. The excess difference of$4,152,078 has been set-aside with existing Proposition "U reserves that have been collected in previous years. At June 30, 2022 the amount held in the Proposition L reserve to fund future debt service was $15,810,593. 11/15/2022 D 1 5 of 28
Activity Summary- Proposition L
Fiscal Year Revenue Expenses Net
2006/07 904,903 $ 904,903
2007/08 5,821,352 $ (4,604,947) $ 1,216,405 2008/09 5,484,149 $ (2,556,872) $ 2,927,277 2009/10 5,257,643 $ (3,642,079) $ 1,615,564 2010/11 5,896,694 $ (4,514,101) $ 1,382,593 2011/12 6,699,693 $ (7,340,764) $ (641,071) 2012/13 6,710,750 $ (7,616,199) $ (905,449) 2013/14 6,906,516 $ (7,607,019) $ (700,503) 2014/15 7,146,376 $ (7,721,550) $ (575,174) 2015/16 7,573,553 $ (7,202,238) $ 371,315 2016/17 7,463,296 $ (6,995,776) $ 467,520 2017/18 7,935,924 $ (7,154,501) $ 781,423 2018/19 8,274,145 $ (7,322,355) $ 951,790 2019/20 8,669,604 $ (7,486,129) $ 1,183,475 2020/21 10,351,761 $ (7,673,314) $ 2,678,447 2021/22 12,009,138 $ (7,857,060) $ 4,152,078 Inception-to-date $ 113,105,496 $ (97,294,904) $ 15,810,593 Departmental Fees. The General Fund depends on fees to help finance services that residents choose to use and are not of a general nature. Since the benefit of the service is limited to those using the service, a fee is used for funding instead of a general tax. These services can be summarized into three categories; recreation, building and planning services, and fire and other.
Fees for recreation include those for sports programs, theatre attendance, rental of facilities, trips, day camps, and catering. These fees are reviewed and approved by the City Council each year and are used to support the Recreation and Community Services Department programs. The estimated fees for FY 2021/22 to support the City's recreation programs were $4,231,526. As of the end of the fourth quarter, $4,835,765 or 114.3 percent of the total revenue estimate was collected.
Fees for building, engineering, and planning services include building permits, electrical and other building improvement fees, grading, planning, engineering, and environmental services fees. These fees support the Planning, Engineering, and Building activities and services. The total estimated fees budgeted for FY 2021/22 to support the City's building, engineering, and planning programs for the year were $3,340,000. As of the end of the fourth quarter, $4,210,302 or 126.1 percent of the total revenue estimate was collected.
The City does not charge residents for fire calls; however, fees are charged for building inspections, ambulance services, weed and lot clearing and other miscellaneous items. The City also receives reimbursement for fire services provided to other agencies during fires.
These are not projected as part of the original budget, but appropriations are made as reimbursements are received from the State to cover out-of-area fire costs. The total estimated fees budgeted for FY 2021/22 to support these city services provided primarily by the Fire Department for the year were $7,769,740. Of this, $3,519,159 is an estimated amount to be received from the Vista Fire Protection District (District) for fire and emergency medical services provided to the District. The agreement between the City and the District calls for the District to pay the City a portion of its revenues as they are received. As almost all of the District's revenues are in the form of property taxes, the District has no material revenues to remit to the City until the third half of the fiscal year. As of the end of the fourth 11/15/2022 D 1 6 of 28
quarter, $8,358,610 or 107.6 percent of the total revenue estimate for fire-related services was collected.
Investment Rates. In June 2022, the Federal Reserve Board (the Fed) , raised the Federal Funds Rate, which is the interest rate banks charge one another for overnight loans, to a range of 1.50-1.75% in an effort to combat inflation. As expected, the Fed has to continued raising interest rates in 2022 at a pace unseen in decades as, inflation hit a 40-year high of
9.1 percent. In early November 2022, the Fed increase the Fed Funds Rate to a range of
3.75-4.00%. Analysts anticipate that inflation will begin to slowly decline over the next two to three years returning to 2 percent in 2024 or 2025.
The City's yield on the investment portfolio generally lags behind the movement in interest rates. This is because monies, which are invested over five-year terms to maximize investment earnings, become available for investment at the newer interest rates as existing investments mature. The City is being strategic with portfolio trades to emphasize long-term value optimization while maintaining the portfolio's duration match to its stated index benchmark and most importantly providing sufficient liquidity for City cashflow needs during this period of volatility in the financial markets.
2-YEAR TREASURY NOTE YIELD
3.50%
3.00%
2.50%
Ill
Q 2.00%
1.50%
1.00%
0.50%
0.00%
JUL 21 AUG 21 SEP 21 OCT 21 NOV 21 DEC 21 JAN 22 FEB 22 MAR 22 APR 22 MAY 22 JUN 22 MONTH
11/15/2022 D 1 7 of 28
GENERAL FUND REVENUE SUMMARY
FOR THE YEAR ENDED JUNE 30, 2022
Prior Year Current Year
Budget 6/30/2021 %Received Budget 6/30/2022 %Received Taxes:
Property Tax 14,167,600 $ 14,167,659 100.00% $ 14,724,870 $ 14,833,565 100.74% Homeowners Property Tax Relief 82,000 80,175 97.77% 82,000 78,688 95.96% Real Property Transfer Tax 378,000 675,222 178.63% 797,075 1,097,313 137.67% VLF Property Tax Compensation 10,174,000 10,456,088 102.77% 10,833,664 10,925,392 100.85% AB 1484 Property Tax Payment(RDA) 1,823,017 0.00% 600,000 2,046,865 341.14% Sales and Use Tax 16,609,000 20,972,015 126.27% 22,676,060 23,606,028 104.10% Medical Cannabis Tax 3,000,000 5,113,996 170.47%4,000,000 6,809,095 170.23% Proposition L Sales Tax 7,624,000 10,351,761 135.78% 11,198,463 12,009,138 107.24% SB 172 Sales Tax 630,000 726,799 115.36% 848,894 874,885 103.06% Transient Occupancy Tax 600,000 1,501,801 250.30%1,871,870 1,997,247 106.70% Franchise Tax 3,494,000 3,813,179 109.14%3,794,239 3,828,748 100.91% Type Total 56,758,600 69,681,712 122.77% 71,427,135 78,106,964 109.35% Licenses and Permits:
Business Licenses 1,452,127 2,063,343 142.09%2,027,402 2,276,049 112.26% Bingo Licenses 5,000 54 1.08% 5,000 15,557 311.14%
Other Licenses 11,350 26,557 233.98% 29,421 27,060 91.98% Type Total 1,468,477 2,089,954 142.32%2,061,823 2,318,666 112.46% Intergovernmental:
Motor Vehicle In-Lieu Fees 50,000 75,491 150.98% 50,000 119,301 238.60% Reimbursement of Mandated Costs 75,000 180,629 240.84% 75,000 32,055) -42.74% AB 939 Trash Fees 43,500 46,699 107.35% 43,500 47,955 110.24% Grants 1,751,843 604,853 34.53%4,526,738 2,199,798 48.60% Other 69,000 59,712 86.54% 62,000 60,566 97.69%
Type Total 1,989,343 967,384 48.63%4,757,238 2,395,565 50.36% Charges For Services:
Recreation Fees 179,238 131,327 73.27% 465,811 546,220 117.26% Amphitheater Programs 508,100 550,133 108.27%3,465,058 3,945,578 113.87% Facility Rentals 15,822 11,060 69.90% 113,239 119,335 105.38% Rancho Programs 1,233)0.00% 102,500 65,504 63.91%
Day Camp Programs 93,000 74,261 79.85% 84,918 159,128 187.39% Building Fees 1,569,200 2,208,667 140.75%1,805,000 1,724,028 95.51% Engineering Fees 1,290,630 1,372,023 106.31%1,110,000 1,900,445 171.21% Planning Fees 405,000 605,016 149.39% 425,000 585,829 137.84% Fire Fees 987,024 1,497,708 151.74% 708,679 733,311 103.48% Ambulance Fees 3,215,400 3,688,110 114.70%3,541,902 3,921,260 110.71% Charges To Fire Protection District 3,628,648 3,639,832 100.31%3,519,159 3,704,039 105.25% Interdepartmental Direct Service Costs 3,953,917 3,553,917 89.88%4,203,709 3,803,709 90.48% Other 202,828 177,758 87.64% 263,004 53,353 20.29%
Type Total 16,048,807 17,508,579 109.10% 19,807,979 21,261,739 107.34% Fines and Forfeitures:
Vehicle Code Fines 200,000 125,466 62.73% 251,120 128,590 51.21% Red Light Citations 9,750 0.00% 11,568 0.00%
Parking Fines 578,000 849,310 146.94% 850,284 1,007,799 118.52% Booking Fees 39,000 26,337 67.53% 39,000 0.00%
Other 271,022 373,954 137.98% 263,110 288,651 109.71%
Type Total 1,088,022 $ 1,384,817 127.28% $ 1,403,514 $ 1,436,608 102.36% Continued
EXHIBIT 2
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GENERAL FUND REVENUE SUMMARY
FOR THE YEAR ENDED JUNE 30, 2022
Prior Year Current Year
Budget 6/30/2021 %Received Budget 6/30/2022 %Received Use of Money and Property:
Investment Income 1,471,318 $ 2,589,354 175.99% $ 1,260,971 $ 1,673,749 132.73% Lease Income 827,280 1,037,563 125.42% 869,005 938,966 108.05% Other 1,457,339 745,252
Type Total 2,298,598 5,084,256 221.19%2,129,976 3,357,967 157.65% Other Revenue:
Sale of City Property 428,330 0.00% 60,540 0.00%
Recycling Revenues 500 770 154.00% 500 1,676 335.20% Fund Raising and Contributions 405,957 390,093 96.09% 681,700 271,457 39.82% Other 1,826,923 3,108,291 170.14% 165,900 433,233 261.14% Type Total 2,233,380 3,927,484 175.85% 848,100 766,906 90.43% Total Revenue 81,885,227 $ 100,644,186 122.91% $ 102,435,765 $ 109,644,415 107.04% Other Financing Sources:
Transfers In 475,846 498,117 104.68% 495,176 526,795 106.39% Use of Reserves 4,286,125 0.00%3,080,353 0.00%
Type Total 4,761,971 498,117 10.46%3,575,529 526,795 14.73% Total Resources 86,647,198 $ 101,142,303 116.73% $ 106,011,294 $ 110,171,210 103.92% Detail Of Transfers In:
From Redevelopment Fund 133,840 153,765
From Housing Authority Fund 105,218 105,218
From State COPS Grant Fund 256,118 254,024
495,176 $ 526,795
Detail Of Use Of Reserves:
Abandoned Vehicle Abatement 20,940 $
Community Project Reserve 46,463
Fire Equipment Replacement Reserve 1,834,416
Moonlight Facility Fee Reserve 20,531
Moonlight Amphitheatre Reserve 63,886
Miscellaneous 1,094,117
3,080,353 $
11/15/2022 D 1 9 of 28
2021/22 SALES TAX YEAR-TO-DATE
130.00
aka 120.00
O
110.00
F100.00 10
B
90.00 9 531
U 80.00 1 ........_5.00
D t BUDGET TARGET
G 70.00 67.35 7
E f ACTUAL
60.00 T
50.00 R 40.38
E
40.00 32.70 .40
42.66 C 30.00
E
25.53 18.86 25.99
1 20.00
V
10.00 8.73 17.71
E 8.71
D 0.00
JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN
MONTH
EXHIBIT 3
11/15/2022 D 1 10 of 28
2021/22 PROPERTY TAX YEAR-TO-DATE
120.00
110.00
a/o
gggg 77
107.58
100.002 ........1.03533... .
O
F90.00 ..........................................................................................................................................................................................................................................................................................................................................................................................................................................................................
B 80.00 6.03
U 73.39
D
70.00 70.34
s BUDGET TARGET
G
64.89 60.00 55. 6t2S ACTUAL
E 54.41
T50.00 ........................................................................................................................................................................................ ......
R 40.00
E
C 30.00
26.60 E 23.41
1 20.00 ...................................................................................................................................... ...................................................................................................................................................................................................................................................................................................................................
V 12.68
10.00 E
1.41 6.05
D f*
01 0.56 02 03 04 05 06 07 08 09 10 11 12 13
APPORTIONMENT NUMBER
11/15/2022 D 1 11 of 28
GENERAL FUND EXPENDITURE SUMMARY
FOR THE YEAR ENDED JUNE 30, 2022
Expended Expended
Budget As Of Expended Budget As Of Expended
2020121 6/30/2021 2020121 2021/22 6/30/2022 2021/22
GENERAL FUND:
General Government:
City Council 678,596 $ 639,505 94.24%694,537 $ 676,637 97.42% City Manager 1,018,815 843,619 82.80%995,434 847,896 85.18% Economic Development 610,147 494,558 81.06%684,747 509,543 74.41% Human Resources 1,185,928 1,160,401 97.85% 1,176,327 1,124,871 95.63% City Clerk 664,695 551,529 82.97%715,323 595,017 83.18% Finance 1,775,370 1,690,267 95.21% 2,259,825 1,966,732 87.03% City Attorney 1,622,847 1,316,998 81.15% 1,676,826 1,523,891 90.88% Contract Legal Contingencies 389,936 125,292 32.13%316,466 82,890 26.19% Non-Departmental Expenditures 4,266,506 2,363,579 55.40% 11,108,152 3,986,035 35.88% Total General Government 12,212,840 9,185,748 75.21% 19,627,637 11,313,512 57.64% Public Safety:
Law Enforcement 26,006,072 25,512,862 98.10% 27,798,850 26,588,733 95.65% School Safety Program 25,744 21,390 83.09% 25,744 23,986 93.17% Code Enforcement 1,951,525 1,874,771 96.07% 2,108,785 2,093,070 99.25% Fire Administration 1,349,490 1,316,930 97.59% 1,342,371 1,345,703 100.25% Fire Training 310,582 293,995 94.66%363,894 349,953 96.17% Fire Maintenance 2,796,581 1,769,702 63.28% 3,453,549 1,877,566 54.37% Fire Suppression 15,571,084 14,835,430 95.28% 16,755,097 14,832,328 88.52% Fire Prevention 622,224 596,645 95.89%838,662 709,338 84.58% Emergency Medical Services 6,864,433 6,245,904 90.99% 7,242,946 7,061,853 97.50% Disaster Preparedness 427,887 313,740 73.32%351,082 212,606 60.56% Total Public Safety 55,925,622 52,781,369 94.38% 60,280,980 55,095,136 91.40% Community Development:
Engineering 1,265,956 1,054,081 83.26% 1,201,462 728,456 60.63% Traffic Engineering 815,078 809,481 99.31%682,824 599,334 87.77% Planning 2,234,589 1,326,703 59.37% 2,949,886 1,228,237 41.64% Land Development 894,482 848,057 94.81%873,462 835,006 95.60% Development Services 1,507,061 1,408,981 93.49% 1,658,416 1,439,856 86.82% Total Community Development 6,717,166 5,447,303 81.10% 7,366,050 4,830,889 65.58% Community Services:
Community Services Administration 610,244 528,512 86.61%669,815 569,543 85.03% Recreation Programs 1,115,327 1,030,301 92.38% 1,714,618 1,353,908 78.96% Rancho Buena Vista Adobe 92,535 93,834 101.40%241,345 164,809 68.29% Senior Services 419,189 337,404 80.49%751,175 527,599 70.24% Cultural Arts 2,124,067 1,558,031 73.35% 4,575,593 4,343,102 94.92% Total Community Services 4,361,362 3,548,082 81.35% 7,952,546 6,958,961 87.51% Public Works:
Public Works Administration 905,612 797,169 88.03% 1,214,880 882,943 72.68% Graffiti Abatement 299,552 293,048 97.83%260,910 250,580 96.04% Park Maintenance 2,062,604 1,898,327 92.04% 2,294,810 2,165,697 94.37% Parkways and Medians 354,439 347,399 98.01%414,680 375,216 90.48% Total Public Works 3,622,207 3,335,943 92.10% 4,185,280 3,674,436 87.79% Transfers Out To Other Funds 11,802,295 12,112,420 102.63% 33,065,529 30,852,721 93.31% Total General Fund Expenditures $ 94,641,492 $86,410,865 91.30%132,478,022 $ 112,725,655 85.09% EXHIBIT 4
11/15/2022 D 1 12 of 28
RECONCILIATION OF ORIGINAL REVENUE ESTIMATES
AND APPROPRIATIONS TO AMOUNTS AT JUNE 30,2022
Original
Bud et iustments Total
2021122 ORIGINAL REVENUE ESTIMATE 94,409,711 94,409,711
BEGINNING FUND BALANCE
USE OF RESERVE:GENERAL
USE OF RESERVE:PROP L
USE OF RESERVE:RADIO REPLACEMENT
USE OF RESERVE:ABANDONED VEHICLE ABATEMENT
USE OF RESERVE:COMMUNITY PROJECTS
USE OF RESERVE:NO COUNTY COLLAB EFFORTS
USE OF RESERVE:CURBSIDE CAFt IMPROVE
USE OF RESERVE:DISABILITY ACCESS AND EDUC
USE OF RESERVE:FIRE EQUIPMENT REPLACEMENT
USE OF RESERVE:SAFETY RADIO REPLACEMENT
USE OF RESERVE:ASSET FORFEITURE FUNDS
USE OF RESERVE:MOONLIGHT FACILITY FEE
USE OF RESERVE:MOONLIGHT AMPHITEATRE
USE OF RESERVE:AVO PLAYHOUSE RENTAL
USE OF RESERVE:PEG CABLE
PROPERTY TAX 314,805 314,805
SALES AND USE TAX 3,987,856 3,987,856
TRANSIENT OCCUPANCY TAX 715,000 715,000
FRANCHISE TAXES
BUSINESS LICENSES 399,745 399,745
OTHER LICENSES/PERMITS
OTHER INTERGOVERNMENTAL
LOCAL GRANTS
STATE GRANTS 2,507,165 2,507,165
FEDERAL GRANTS 1,957,585 1,957,585
RECREATION CHARGES 656,288 656,288
AMBULANCE FEES
AMPHITHEATER PROGRAM
BUILDING FEES
ENGINEERING CHARGES
PLANNING FEES
FIRE CHARGES 493,679 493,679
RSWA ENVIRONMENTAL ENHANCEMENT FEES
CITY COLLECTED FINES 24,284 24,284
COUNTY COLLECTED FINES
INVESTMENT INCOME
LEASE INCOME
RECYCLING REVENUE
SALE OF CITY PROPERTY
CONTRIBUTIONS 50,000 50,000
TRANSFERS IN 485,151 10,025 495,176
OTHER
REVENUE ESTIMATE @ 06/30/2022 94,894,862 $ 11,116,432 $ 106,011,294 2021122 ORIGINAL APPROPRIATIONS ESTIMATE 82,443,794 $ 82,443,794
CITY COUNCIL
CITY MANAGER
CODE ENFORCEMENT 24,284 24,284
HUMAN RESOURCES
CITY CLERK 50,000 50,000
FINANCE 209,511 209,511
CITYATTORNEY 40,000 40,000
CONTRACT LEGAL CONTINGENCIES 116,466 116,466
NON-DEPARTMENTAL 10,143,005 10,143,005
LAW ENFORCEMENT 581,972 581,972
FIRE ADMINISTRATION
FIRE TRAINING 6,211 6,211
FIRE MAINTENANCE 397,471 397,471
FIRE SUPPRESSION 970,772 970,772
FIRE PREVENTION 41,662 41,662
EMERGENCY MEDICAL SERVICES 486,358 486,358
DISASTER PREPAREDNESS 189,378 189,378
PLANNING 1,637,943 1,637,943
LAND DEVELOPMENT 43,849 43,849
BUILDING 208,332 208,332
ECONOMIC DEVELOPMENT 92,477 92,477
SCHOOL SAFETY PROGRAM
ENGINEERING
TRAFFIC ENGINEERING
COMMUNITY SERVICES ADMIN 47,005 47,005
RECREATION 297,992 297,992
PARK MAINTENANCE 103,400 103,400
PARKWAYS&MEDIANS 10,919 10,919
RANCHO BUENA VISTA OPERATIONS
SENIOR SERVICES 23,027 23,027
CULTURAL ARTS 883,597 883,597
PUBLIC WORKS-ADMIN 363,067 363,067
STREET SUPPORT
TRANSFERS OUT TO OTHER FUNDS 11,793,563 21,271,966 33,065,529 APPROPRIATIONS ESTIMATE @ 06/30/2022 94,237,357 $ 38,240,664 $ 132,478,021 EXHIBIT 5
11/15/2022 D 1 13 of 28
GENERAL FUND FUND BALANCE
JUNE 30, 2022 GASB 54
Nonspendable Fund Balance:
Prepaid Costs 498,347
Due from Successor Agency 2,563,927
Petty Cash 6,725 $ 3,068,999
Restricted Fund Balance:
Public Safety 291,430
SB 1186 disability access and education 106,091
Aerial Equipment Fee 199,019
Housing 1,445,552
Pension trust 18,760,765
Cable PEG Fund 1,536,240
Underground Utilities 956,032
Traffic mitigation 452,766
Schoneberger family trust 13,884 23,761,779
Committed Fund Balance:
Moonlight facilities 255,741
Park cellular 2,549,633
Park and facilities maintenance 105,687
Senior facility maintenance 14,056
Propostion "L." projects 15,810,593
Paseo Santa Fe project 2,000,000
Caltrans capital project 689,779
AB 1484 property tax distribution 16,256,707
Other purposes 4,094,212 41,776,408
Assigned Fund Balance:
Public works 158,810
Capital projects 1,504,626
Community projects 1,555,162
Future PERS rate increases 4,763,871
Economic development priorities 123,280
Park maintenance improvements 543,330
800 MHz radio replacement 341,221
Structural Deficit Reduction 9,301,789
Fire equipment replacement 8,208,235
Climate action plan 185,110
Excess Cannibas Revenue 2,809,095
Future Property Purchases 1,534,501
Wave waterpark 700,000
Other purposes 8,317,177 40,046,207
Total assigned
Unassigned Fund Balance:
Emergency Reserve 19,937,159
Available June 30, 2022 fund balance 3,576,387
Appropriations carryovers
Unrealized investment gains (losses) 4,962,098) 18,551,448 Total fund balances 127,204,841
EXHIBIT 6
11/15/2022 D 1 14 of 28
CITY OF VISTA
ENTERPRISE FUNDS
COMBINED BALANCE SHEET
JUNE 30, 2022
BUENA WATERPARK CAL TRASH
CITY SANITATION ENTERPRISE ENTERPRISE
SEWER DISTRICT ACTIVITY ACTIVITY TOTALS
ASSETS:
Cash and investments 52,263,674 $ 39,041,164 $ 653,738 $ 2,207,802 $94,166,378 Accounts receivable 362,816 51,572 14,506 448,953 877,847 Due from others 1,143,547 59,759 1,203,306
Deposits 269,796 269,796
Inventory 52,621 52,621
Land 825,219 293,610 942,473 2,061,302
Fixed assets-net 149,321,646 41,027,541 1,663,597 6,852) 192,005,932 Construction in progress 18,278,315 28,434,990 46,713,305 Total assets 222,517,634 108,908,636 3,274,314 2,649,903 337,350,487 DEFERRED OUTFLOWS OF RESOURCES:
Deferred outflows pension 782,591 287,841 30,164 33,923 1,134,519 Total deferred outflows of resources 782,591 287,841 30,164 33,923 1,134,519 LIABILITIES:
Accounts payable 5,436,738 1,726,762 97,331 13,899 7,274,730 Compensated absences 197,031 157,218 73,098 511 427,858 Interest payable 110,958 110,958
Deferred/unearned revenues 1,560,190 563,784 2,123,974
State Revolving Fund loans 24,830,515 24,830,515
Other liabilities 171,907 111,946 25,691 309,544
Net pension liability 2,268,259 721,319 156,394 68,144 3,214,116 Total liabilities 34,575,598 3,281,029 352,514 82,554 38,291,695 DEFERRED INFLOWS OF RESOURCES:
Deferred inflows pension 1,578,701 523,269 136,351 37,498 2,275,819 Total deferred inflows of resources 1,578,701 523,269 136,351 37,498 2,275,819 NET POSITION:
Net investment in capital assets 193,255,695 69,756,141 2,606,070 6,852) 265,611,054 Restricted for capital projects 15,174,170 11,973,725 133,419 50,000 27,331,314 Unrestricted 21,283,939) 23,662,314 76,124 2,520,626 4,975,125 Total net position 187,145,926 $ 105,392,180 $ 2,815,613 $ 2,563,774 297,917,493 EXHIBIT 7
11/15/2022 D 1 15 of 28
CITY OF VISTA
ENTERPRISE FUNDS
COMBINED INCOME STATEMENT
THE YEAR ENDED
J U N E 30, 2022
BUENA WATERPARK CAL TRASH
CITY SANITATION ENTERPRISE ENTERPRISE
SEWER DISTRICT ACTIVITY ACTIVITY TOTALS
REVENUES:
Sewer service charges 24,162,800 $ 8,755,922 $ 32,918,722 Grants 539,287 539,287
Interest 603,369 492,070 7,906 19,732 1,123,077
GASB 31 adjustment 2,618,505) (2,178,159) 30,694) 70,240) (4,897,598) Unstructured programs 304,483 304,483
Structured programs 213,302 213,302
Concessions sales 53,773 53,773
Rentals 161,423 161,423
Other 79,967 55,729 40,825 176,521
Total revenues 22,891,651 7,246,001 751,018 1,834,369 32,723,039 EXPENSES:
Administration 595,172 643,796 618,479 17,196) 1,840,251 Treatment-Encina 5,535,122 2,220,410 7,755,532
Engineering 576,835 734,393 1,311,228
Stormwater engineering 845,102 845,102
Field operations 1,775,181 908,853 2,684,034
Stormwater maintenance 965,258 965,258
Operations and maintenance 597,866 357,229 955,095
Utilities 291,629 705 292,334
Debt service 7,497,216 7,497,216
Capital improvements 11,086,281 5,330,325 854,295 17,270,901 Total expenses 29,370,753 11,994,243 2,470,484 345,065 44,180,545 Revenues over(under)
expenses 6,479,102) (4,748,242) (1,719,466) 1,489,304 (11,457,506) Net position at 6/30/2021 182,136,971 $ 105,559,667 $ 3,566,766 $ 1,074,470 $292,337,874 Net position at 06/30/2022 187,145,926 $ 105,392,180 $ 2,815,613 $ 2,563,774 $297,917,493 EXHIBIT 8
11/15/2022 D 1 16 of 28
RESOLUTION NO. 2022-
A RESOLUTION OF THE CITY COUNCIL OF THE CHARTERED CITY OF
VISTA, CALIFORNIA, AMENDING THE OPERATING BUDGET FOR FISCAL YEARS 2021/22 AND 2022/23, AND AMENDING THE CAPITAL PROJECT BUDGET FOR FISCAL YEARS 2022/23 AND 2023/24
The City Council of the City of Vista does resolve as follows:
1.Findings. The City Council hereby finds and declares the following:
A. On June 8, 2021 the City Council adopted Resolution 2021-89 approving the Operating Budget for Fiscal Years 2021/22 and 2022/23.
B. On June 28, 2022 the City Council adopted Resolution 2022-108, approving the Six-Year Capital Improvement Program, the Capital Project Budget for Fiscal Years 2022/23 and 2023/24, and authorizing appropriations for Fiscal Years 2022/23 and 2023/24 capital projects.
C. The City Council desires to amend the Operating and Capital Project Budgets at this time to reflect changed circumstances.
2. Action.
A. The Operating Budget for Fiscal Years 2021/22 and 2022/23 and the Capital Project Budget for Fiscal Years 2022/23 and 2023/24 are amended as set forth in Exhibit A.
3. Adoption. PASSED AND ADOPTED at a meeting of the City Council of the City of Vista held on November 15, 2022, by the following vote:
AYES:
NOES:
ABSTAIN:
JUDY RITTER, MAYOR
APPROVED AS TO FORM: ATTEST:
WALTER CHUNG, CITY ATTORNEY KATHY VALDEZ, CITY CLERK
By: By:
APPROVED
Walter C.Chung
20221109131732
000292137 EXHIBIT 9
11/15/2022 D 1 17 of 28
RESOLUTION NO. 2022-
CITY COUNCIL FOR THE CHARTERED CITY OF VISTA
PAGE 1 EXHIBIT A
1. Appropriations are hereby made to fund Brengle Terrace softball field lighting project.
Account Number Account Description Increase Decrease
0010000.310430 Prior Year Fund Available Balance 950,000.00 0010900.590002 Transfer Out to General Capital Fund 950,000.00 0020090.482001 Transfer In from General Fund 950,000.00 0026555.578999.8348 Source Appropriation 950,000.00
2. Reclassifications are hereby made to increase the Moonlight Facility reserve account.
Account Number Account Description Increase Decrease
0010000.310430 Prior Year Fund Available Balance 500,000.00 0010000.310731 Moonlight Facility reserve account 500,000.00
3. Appropriations are hereby made to fund Brengle Terrace turf and irrigation replacement.
Account Number Account Description Increase Decrease
0010000.310430 Prior Year Fund Available Balance 400,000.00 0010900.590002 Transfer Out to General Capital Fund 400,000.00 0020090.482001 Transfer In from General Fund 400,000.00 0026555.578999.8349 Source Appropriation 400,000.00
4. Appropriations are hereby made to fund financial system software.
Account Number Account Description Increase Decrease
0010000.310430 Prior Year Fund Available Balance 199,000.00 0010130.531530 Finance-Tech Purchases & Services 199,000.00 11/15/2022 D 1 18 of 28
RESOLUTION NO. 2022-
CITY COUNCIL FOR THE CHARTERED CITY OF VISTA
PAGE 2 EXHIBIT A
5. Appropriations are hereby made to fund Civic Center roof recoat.
Account Number Account Description Increase Decrease
0010000.310430 Prior Year Fund Available Balance 140,000.00 0010900.590602 Transfer Out to Facility Maintenance Fund 140,000.00 6020090.482001 Transfer In from General Fund 140,000.00 6020155.562000.YEFB Capital Replacement 140,000.00
6. Reclassifications are hereby made to increase the PWs Laydown Yard reserve.
Account Number Account Description Increase Decrease
0010000.310430 Prior Year Fund Available Balance 378,736.00 0010000.310775 Prior year fund balance 500,000.00
0010000.310710 Capital Projects reserve 878,736.00
7. Appropriations are hereby made to fund Civic Center building Maintenance Account Number Account Description Increase Decrease
0010000.310430 Prior Year Fund Available Balance 92,000.00 0010900.590602 Transfer Out to Facility Maintenance Fund 92,000.00 6020090.482001 Transfer In from General Fund 92,000.00
6020155.562000.YEFB1 Capital Replacement 92,000.00
8. Appropriations are hereby made to fund fiber optic emergency repair of traffic signal cabinet.
Account Number Account Description Increase Decrease
0010000.310430 Prior Year Fund Available Balance 70,000.00 0010900.590108 Transfer Out to Fund LLMD Fund 70,000.00 1080090.482108 Transfer In from General Fund 70,000.00
1080440.521040.00092 Replacement Capital 70,000.00
11/15/2022 D 1 19 of 28
RESOLUTION NO. 2022-
CITY COUNCIL FOR THE CHARTERED CITY OF VISTA
PAGE 3 EXHIBIT A
9. Appropriations are hereby made to fund Luz Duran playground surfacing.
Account Number Account Description Increase Decrease
0010000.310430 Prior Year Fund Available Balance 60,000.00 0010900.590002 Transfer Out to General Capital Fund 60,000.00 0020090.482001 Transfer In from General Fund 60,000.00
0026555.578999.8350 Source Appropriation 60,000.00
10. Appropriations are hereby made to fund data analytics software.
Account Number Account Description Increase Decrease
0010000.310430 Prior Year Fund Available Balance 35,000.00 0010370.531530 Economic Development-Tech Purchases 35,000.00 Appropriations are hereby made to fund personnel changes and across the board increases approved by Resolution 2022-
11. 126 on August 23, 2022.
Account Number Account Description Increase Decrease
0010100.511000-518000 Salary and Benefits 7,292.00
0010105.511000-518000 Salary and Benefits 20,543.00
0010115.511000-518000 Salary and Benefits 19,657.00
0010120.511000-518000 Salary and Benefits 16,357.00
0010125.511000-518000 Salary and Benefits 10,849.00
0010130.511000-518000 Salary and Benefits 28,187.00
0010140.511000-518000 Salary and Benefits 30,287.00
0010145.511000-518000 Salary and Benefits 14,063.00
0010200.511000-518000 Salary and Benefits 1,948.00
0010250.511000-518000 Salary and Benefits 25,454.00
0010251.511000-518000 Salary and Benefits 4,754.00
0010260.511000-518000 Salary and Benefits 196,752.00
0010270.511000-518000 Salary and Benefits 43,042.00
0010280.511000-518000 Salary and Benefits 82,723.00
0010290.511000-518000 Salary and Benefits 2,712.00
11/15/2022 D 1 20 of 28
RESOLUTION NO. 2022-
CITY COUNCIL FOR THE CHARTERED CITY OF VISTA
PAGE 4 EXHIBIT A
0010300.511000-518000 Salary and Benefits 21,501.00
0010305.511000-518000 Salary and Benefits 12,207.00
0010320.511000-518000 Salary and Benefits 18,737.00
0010325.511000-518000 Salary and Benefits 12,407.00
0010330.511000-518000 Salary and Benefits 23,934.00
0010370.511000-518000 Salary and Benefits 7,646.00
0010400.511000-518000 Salary and Benefits 12,714.00
0010420.511000-518000 Salary and Benefits 2,829.00
0010500.511000-518000 Salary and Benefits 7,005.00
0010510.511000-518000 Salary and Benefits 14,714.00
0010525.511000-518000 Salary and Benefits 5,899.00
0010530.511000-518000 Salary and Benefits 1,966.00
0010545.511000-518000 Salary and Benefits 1,837.00
0010555.511000-518000 Salary and Benefits 7,158.00
0010560.511000-518000 Salary and Benefits 14,350.00
0010000.310430 Prior year fund balance 669,524.00
1060410.511000-518000 Salary and Benefits 19,821.00
1060090.482001 Transfer in from fund General Fund 19,821.00 0010900.590106 Transfer out to Gas Tax Fund 19,821.00
0010000.310430 Prior year fund balance 19,821.00
5070580.511000-518000 Salary and Benefits 9,954.00
5070090.482001 Transfer in from fund General Fund 9,954.00 0010900.590507 Transfer out to Wave Fund 9,954.00
0010000.310430 Prior year fund balance 9,954.00
6010150.511000-518000 Salary and Benefits 6,682.00
6010090.482001 Transfer in from fund General Fund 6,682.00 0010900.590601 Transfer out to Risk Fund 6,682.00
0010000.310430 Prior year fund balance 6,682.00
6020155.511000-518000 Salary and Benefits 14,155.00
6020090.482001 Transfer in from fund General Fund 14,155.00 0010900.590602 Transfer out to Facilities Fund 14,155.00 0010000.310430 Prior year fund balance 14,155.00
6030160.511000-518000 Salary and Benefits 13,487.00
11/15/2022 D 1 21 of 28
RESOLUTION NO. 2022-
CITY COUNCIL FOR THE CHARTERED CITY OF VISTA
PAGE 5 EXHIBIT A
6030090.482001 Transfer in from fund General Fund 13,487.00 0010900.590603 Transfer out to Fleet Fund 13,487.00
0010000.310430 Prior year fund balance 13,487.00
6040135.511000-518000 Salary and Benefits 18,028.00
6040090.482001 Transfer in from fund General Fund 18,028.00 0010900.590604 Transfer out to IT Fund 18,028.00
0010000.310430 Prior year fund balance 18,028.00
5010375.511000-518000 Salary and Benefits 2,633.00
5010376.511000-518000 Salary and Benefits 26,208.00
5010377.511000-518000 Salary and Benefits 13,171.00
5010460.511000-518000 Salary and Benefits 23,959.00
5010470.511000-518000 Salary and Benefits 11,622.00
5010000.310410 Unreserved Fund Balance 77,593.00
5110378.511000-518000 Salary and Benefits 3,074.00
5110000.310410 Unreserved Fund Balance 3,074.00
11/15/2022 D 1 22 of 28
RESOLUTION NO. 2022-
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
BUENA SANITATION DISTRICT, AMENDING THE OPERATING BUDGET FOR FISCAL YEARS 2021/22 AND 2022/23
The Board of Directors of the Buena Sanitation District does resolve as follows:
1.Findings. The Board of Directors hereby finds and declares the following:
A. On June 8, 2021 the Board of Directors adopted Resolution 2021-5 approving the Operating Budget for Fiscal Years 2021/22 and 2022/23.
B. The Board of Directors desires to amend the Operating Budget at this time to reflect changed circumstances.
2.Action.
A. The Operating Budget for Fiscal Years 2021/22 and 2022/23 is amended as set forth in Exhibit A.
3.Adoption. PASSED AND ADOPTED at a meeting of the Board of Directors of the Buena Sanitation District held on by the following vote:
AYES:
NOES:
ABSTAIN:
JUDY RITTER, CHAIRPERSON
APPROVED AS TO FORM: ATTEST:
WALTER CHUNG, DISTRICT COUNSEL KATHY VALDEZ, CLERK OF THE BOARD By: By:
APPROVED
Walter C.Chung
20220613085740
EXHIBIT 10
11/15/2022 D 1 23 of 28
RESOLUTION NO. 2022-
BUENA SANITATION DISTRICT BOARD OF DIRECTORS
PAGE 1 EXHIBIT A
Appropriations are hereby made to fund personnel changes and across the board increases approved by COV Resolution
1. 2022-126 on August 23, 2022.
Account Number Account Description Increase Decrease
5040380.511000-518000 Salary and Benefits 1,614.00
5040385.511000-518000 Salary and Benefits 16,064.00
5040480.511000-518000 Salary and Benefits 15,263.00
5040000.310410 Unreserved Fund Balance 32,941.00
11/15/2022 D 1 24 of 28
Vista City Council Policy
200-19 USE OF YEAR END FUND BALANCE
PURPOSE
Establish guidelines for the use of any funds remaining at the end of a fiscal year commonly referred to as a "Year End Fund Balance").
POLICY
Any available amount of a Year End Fund Balance should be strategically used to meet current budget year needs, enhance the City's infrastructure, strengthen the City's financial position or support one-time uses that align with the City Council's adopted goals. Given these criteria, use of a Year End Fund Balance is authorized for the following purposes-
1. If existing, close any remaining structural deficit amount in the budget.
2. Increase the City's Revenue Shortfall Reserves to 35% of General Fund current year appropriations.
3. Other uses as identified in the current fiscal year fourth quarter financial report, or as directed by a majority of the City Council.
Items are ranked in priority order. Funds required to satisfy Item #1, if needed, should be allocated in full. After Item #1 has been satisfied, any remaining Year End Fund Balance may be allocated to Items 2 and/or 3, by a majority vote of the City Council.
HISTORY
Adopted June 14, 2011, City Council Resolution No. 2011-121.
Amended October 11, 2016, City Council Resolution No. 2016-151.
Amended November 13, 2018, City Council Resolution No. 2018-175. 200-19 (1)
11/15/2022 D1 EXHIBIT 11 25 of 28
PRIOR ACTIONS
Fiscal Year 2021/22 Fourth Quarter Financial Report
On May 10, 2022, received and filed the Fiscal Year 2021/22 Third Quarter Financial Report; adopted City Council Resolution No. 2022-70, amending the Operating Budget for Fiscal Years 2021/22 and 2022/23 (Vote: 5-0).
On March 8, 2022, received and filed the Fiscal Year 2021/22 Second Quarter Financial Report; adopted City Council Resolution No. 2022-37, amending the Operating Budget for Fiscal Years 2021-22 and 2022/23; adopted City Council Resolution No. 2022-38, amending the Citywide Classification and Compensation Index; adopted Buena Sanitation District Resolution 2022-10, amending the Operating Budget for Fiscal Years 2021/22 and 2022/23 (Vote: 5-0).
On December 14, 2021, received and filed the Fiscal Year 2021/22 First Quarter Financial Report; adopted City Council Resolution No. 2021-217, amending the Operating Budget for Fiscal Years 2021/22 and 2022/23, and amending the Capital Project Budget for Fiscal Years 2020/21 and 2021/22; adopted Buena Sanitation District Resolution 2021-217, amending the Operating Budget for Fiscal Years 2020/21 and 2021/22 (Vote: 5-0).
On November 9, 2021, received and filed the Fiscal Year 2020/21 Fourth Quarter Financial Report; adopted City Council Resolution No. 2021-195 amending the Operating Budget for Fiscal Years 2020/21 and 2022/23, and amending the Capital Project Budget for Fiscal Years 2020/21 and 2021/22; adopted Buena Sanitation District Resolution 2021-195, amending the Operating Budget for Fiscal Years 2020/21 and 2021/22 (Vote: 5-0).
On May 11, 2021, received and filed the Fiscal Year 2020/21 Third Quarter Financial Report; adopted City Council Resolution No. 2021-70, amending the Operating Budget for Fiscal Years 2020/21 and 2021/22, and amending the Capital Project Budget for Fiscal Years 2020/21 and 2021/22; adopted Buena Sanitation District Resolution 2021-5, amending the Operating Budget for Fiscal Years 2019/20 and 2020/21 (Vote: 5-0).
On March 9, 2021, received and filed the Fiscal Year 2020/21 Second Quarter Financial Report; adopted City Council Resolution No. 2021-34, amending the Operating Budget for Fiscal Years 2019/20 and 2020/21, and amending the Capital Project Budget for Fiscal Years 2020/21 and 2021/22; adopted Buena Sanitation District Resolution 2021-5, amending the Operating Budget for Fiscal Years 2019/20 and 2020/21 (Vote: 5-0).
On December 8, 2020, received and filed the Fiscal Year 2020/21 First Quarter Financial Report; adopted City Council Resolution No. 2020-206, amending the Operating Budget for Fiscal Years 2019/20 and 2020/21, and amending the Capital Project Budget for Fiscal Years 2020/21 and 2021/22; adopted Buena Sanitation District Resolution 2020-34, amending the Operating Budget for Fiscal Years 2019/20 and 2020/21 (Vote: 5-0).
On November 10, 2020, received and filed the Fiscal Year 2019/20 Fourth Quarter Financial Report; adopted City Council Resolution No. 2020-192, amending the Operating Budget for Fiscal Years 2019/20 and 2020/21, and amending the Capital Projects Budget for Fiscal Years 2020/21 and 2021/22 (Vote: 5-0).
On May 12, 2020, received and filed the Fiscal Year 2019/20 Third Quarter Financial Report; adopted City Council Resolution No. 2020-77, amending the Operating Budget for Fiscal Years 2019/20 and 2020/21, and amending the Capital Project Budget for Fiscal Years 2018/19 and 2019/20 and adopted Community Development Commission Resolution No. 2020-2, adopting a Capital Project Budget for Fiscal Years 2018/19 and 2019/20 (Vote: 5-0).
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On March 10, 2020, received and filed the Fiscal Year 2019/20 Second Quarter Financial Report; adopted City Council Resolution No. 2020-38, amending the Operating Budget for Fiscal Years 2019/20 and 2020/21, and amending the Capital Project Budget for Fiscal Years 2018/19 and 2019/20 and adopted Buena Sanitation District Resolution No. 2020-5, amending the Capital Project Budget for Fiscal Years 2018/19 and 2019/20 (Vote: 5-0).
On December 10, 2019, received and filed the Fiscal Year 2019/20 First Quarter Financial Report; adopted City Council Resolution No. 2019-163, amending the Operating Budget for Fiscal Years 2019/20 and 2020/21, and amending the Capital Project Budget for Fiscal Years 2018/19 and 2019/20 and adopted City Council Resolution No. 2019-164, amending the City- Wide Classification and Compensation Index, and repealing the provisions of any resolutions in conflict herewith (Vote: 5-0).
On November 12, 2019, received and filed the Fiscal Year 2018/2019 Fourth Quarter Financial Report; adopted City Council Resolution No. 2019-149, amending the Operating Budget for Fiscal Years 201920 and 2020/21 (Vote: 5-0).
On May 14, 2019, received and filed the Fiscal Year 2018/19 Third Quarter Financial Report; adopted City Council Resolution No. 2019-59, amending the Operating Budget for Fiscal Year 2018/19, and amending the Capital Budget for Fiscal Years 2018/19 and 2019/20 (Vote: 5-0).
On March 12, 2019, received and filed the Fiscal Year 2018/2019 Second Quarter Financial Report; adopted City Council Resolution No. 2019-31, amending the Operating Budget for Fiscal Year 2018/19 and amending the Capital Project Budget for Fiscal Years 2018/19 and 2019/20 Vote: 5-0).
On November 27, 2018, received and filed the Fiscal Year 2018/2019 First Quarter Financial Report; adopted City Council Resolution No. 2018-181, amending the Operating Budget for Fiscal Year 2018/19 and amending the Capital Project Budget for Fiscal Years 2018/19 and 2019/20 and adopted Buena Sanitation District Resolution No. 2018-23, amending the Capital Project Budget for Fiscal Years 2018/19 and 2019/20 (Vote: 5-0).
On November 13, 2018, received and filed the Fiscal Year 2017/18 Fourth Quarter Financial Report; adopted City Council Resolution No. 2018-174, amending the Operating Budget for the 2018/19 Fiscal Year and Capital Project Budget for the 2018/19 and 2019/20 Fiscal years; and adopted City Council Resolution No. 2018-175, amending City Council Policy 200-19, Use of Year End Fund Balance (Vote: 5-0)
On May 8, 2018, received and filed the Fiscal Year 2017/18 Third Quarter Financial Report; adopted City Council Resolution No. 2018-65, amending the Operating and Capital Budgets for the 2017/18 Fiscal Year; and adopted City Council Resolution No. 2018-66, amending the City- Wide Classification and Compensation Index, and Repealing the Provisions of any Resolutions in Conflict Herewith (Vote: 5-0).
On February 27, 2018, received and filed the Fiscal Year 2017/18 Second Quarter Financial Report; adopted City Council Resolution No. 2018-23, amending the Operating and Capital Improvement Program Budgets for the 2017/18 Fiscal Year; adopted Buena Sanitation District Resolution No. 2018-5, amending the Operating Budget for the 2017/18 Fiscal Year; and adopted City Council Resolution No. 2018-24, amending the City-Wide Classification and Compensation Index, and Repealing the Provisions of any Resolutions in Conflict Herewith Vote: 4-0, Rigby absent).
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On November 14, 2017, received and filed the Fiscal Year 2017/18 First Quarter Financial Report; adopted City Council Resolution No. 2017-154, amending the Operating and Capital Project Budgets for the 2017/18 Fiscal Year; adopted Community Development Commission Resolution No. 2017-3, amending the Operating Budget for the 2017/18 Fiscal Year; and adopted City Council Resolution No. 2017-155, amending the City-Wide Classification and Compensation Index, and Repealing the Provisions of any Resolutions in Conflict Herewith Vote: 5-0).
On June 27, 2017, adopted City Council Resolution No. 2017-101, approving the Five-Year Capital Improvement Program and Fiscal Year 2017/18 Capital Project Budget and Authorizing Appropriations for Fiscal Year 2017/18 Capital Projects (Vote: 4-0, Rigby absent).
On June 13, 2017, adopted City Council Resolution No. 2017-95, Buena Sanitation District Resolution No. 2017-5, and Community Development Commission Resolution No. 2017-1, approving the Annual Operating Budget for Fiscal Year 2017/18 (Vote: 5-0). 11/15/2022 D 1 28 of 28