TITLE
Recommendation to approve the budget appropriation adjustments for uses of Fiscal Year 17 Year-End surplus in the General Fund (GF) and Tidelands Operations Fund (TF 401). (Citywide)
DISCUSSION
On February 20, 2018, the City Council received and filed the Fiscal Year 2017 (FY 17) Year-End Budget Performance Report. This report identified recommended uses of funds available in the Tidelands Operations Fund (TF 401) and in the General Fund (GF), which included Measure A-related surplus funds. Fiscal Year 2018 (FY 18) budget adjustments, as outlined in the fiscal impact section, are requested to appropriate these uses. Attachment A provides a summary of the recommended uses of the surpluses included in the FY 17 Year-End Budget Performance Report.
This matter was reviewed by Deputy City Attorney Amy R. Webber on February 22, 2018.
TIMING CONSIDERATIONS
City Council action is requested on March 13, 2018, to enable the timely processing of budget adjustments that reflect the recommended use of FY 17 year-end surpluses.
FISCAL IMPACT
Appropriations Using FY 17 Year-End General Fund Surplus
In FY 17, the General Fund ended the fiscal year with an ending funds available of approximately $1.5 million. The following appropriation adjustments implement the recommended uses of the General Fund surplus as proposed in the FY 17 Year-End Budget Performance Report.
1. Increase appropriations in the General Fund (GF) in the Citywide Activities Department (XC) by $75,014 to implement the City Council’s policy to reserve 5 percent for unfunded liability, offset by FY 17 year-end surplus.
2. Increase appropriations in the General Fund (GF) in the Economic Development Department (ED) by $150,000 to assess the seismic conditions at the Community Hospital site, offset by FY 17 year-end surplus.
3. Increase appropriations in the General Fund (GF) in the Health and Human Services Department (HE) by $15,000 for the winter homeless shelter, offset by FY 17 year-end surplus.
4. Increase appropriations in the General Fund (GF) in the Health and Human Services Department (HE) by $40,000 to support the Violence Prevention Program’s ability to leverage grants, offset by FY 17 year-end surplus.
Appropriations Using FY 17 Year-End Measure A Surplus
In FY 17, Measure A ended the fiscal year with a total of $3.3 million in FY 17 year-end surplus. The following appropriation adjustments implement the recommended uses of the Measure A surplus as proposed in the FY 17 Year-End Budget Performance Report.
5. Increase appropriations in the General Fund (GF) in the Citywide Activities Department (XC) by $3,168,915 to transfer to the Capital Projects Fund (CP), offset by FY 17 year-end surplus.
6. Increase appropriations in the Capital Projects Fund (CP) in the Public Works Department (PW) by $750,000 for arterial street improvements, offset by FY 17 Measure A year-end surplus.
7. Increase appropriations in the Capital Projects Fund (CP) in the Public Works Department (PW) by $250,000 for City Place Garage improvements, offset by FY 17 Measure A year-end surplus.
8. Increase appropriations in the Capital Projects Fund (CP) in the Public Works Department (PW) by $250,000 for residential street repair, offset by FY 17 General Fund Measure A year-end surplus.
9. Increase appropriations in the Capital Projects Fund (CP) in the Public Works Department (PW) by $508,915 for Stearns Park Community Center roof repair, offset by FY 17 Measure A year-end surplus.
10. Increase appropriations in the Capital Projects Fund (CP) in the Public Works Department (PW) by $250,000 for the Bixby Park Community Center, offset by FY 17 Measure A year-end surplus.
11. Increase appropriations in the Capital Projects Fund (CP) in the Public Works Department (PW) by $500,000 for the Houghton Park Community Center, offset by FY 17 Measure A year-end surplus.
12. Increase appropriations in the Capital Projects Fund (CP) in the Public Works Department (PW) by $100,000 for the Jackson Park playground, offset by FY 17 Measure A year-end surplus.
13. Increase appropriations in the Capital Projects Fund (CP) in the Public Works Department (PW) by $60,000 for the Pan American roof replacement, offset by FY 17 Measure A year-end surplus.
14. Increase appropriations in the Capital Projects Fund (CP) in the Public Works Department (PW) by $150,000 for Redcar Greenway Park, offset by FY 17 Measure A year-end surplus.
15. Increase appropriations in the Capital Projects Fund (CP) in the Public Works Department (PW) by $100,000 for the 4th Street Senior Center improvements, offset by FY 17 Measure A year-end surplus.
16. Increase appropriations in the Capital Projects Fund (CP) in the Public Works Department (PW) by $250,000 for the Jenni Rivera Park playground, offset by FY 17 Measure A year-end surplus.
17. Increase appropriations in the General Fund (GF) in the Financial Management Department (FM) by $145,000 for Measure A Administration, offset by FY 17 Measure A year-end surplus.
Appropriations Using FY 17 Year-End Tidelands Operations Fund Surplus
In FY 17, The Tidelands Operations Fund ended the fiscal year with a total of $1.8 million in FY 17 year-end surplus and $450,000 in funds available from completed projects. The following appropriation adjustments implement the recommended uses of the Tidelands Operations Fund surplus as proposed in the FY 17 Year-End Budget Performance Report.
18. Increase appropriations in the Tidelands Operations Fund (TF 401) in the Public Works Department (PW) by $150,000 for Beach Lifeguard facility upgrades, offset by FY 17 year-end surplus.
19. Increase appropriations in the Tidelands Operations Fund (TF 401) in the Public Works Department (PW) by $150,000 for Bayshore Lifeguard station construction, offset by FY 17 year-end surplus.
20. Increase appropriations in the Tidelands Operations Fund (TF 401) in the Public Works Department (PW) by $150,000 for ADA repair work and concrete repairs at parking lots, sidewalks and bike paths, offset by FY 17 year-end surplus.
21. Increase appropriations in the Tidelands Operations Fund (TF 401) in the Public Works Department (PW) by $500,000 for the Alamitos Concessions construction, offset by FY 17 year-end surplus.
22. Increase appropriations in the Tidelands Operations Fund (TF 401) in the Public Works Department (PW) by $100,000 for Rainbow Lagoon Visioning, offset by FY 17 year-end surplus.
23. Increase appropriations in the Tidelands Operations Fund (TF 401) in the Public Works Department (PW) by $350,000 for historic lighting improvements at Bluff Park, offset by FY 17 year-end surplus.
24. Increase appropriations in the Tidelands Operations Fund (TF 401) in the Public Works Department (PW) by $150,000 for Junior Lifeguard Station rebuild construction, offset by FY 17 year-end surplus.
25. Increase appropriations in the Tidelands Operations Fund (TF 401) in the Public Works Department (PW) by $300,000 for Naples Seawalls phase 2 construction escalation, offset by FY 17 year-end surplus.
26. Increase appropriations in the Tidelands Operations Fund (TF 401) in the Public Works Department (PW) by $150,000 for storm drain improvements at Seaside, offset by FY 17 year-end surplus.
27. Increase appropriations in the Tidelands Operations Fund (TF 401) in the Public Works Department (PW) by $250,000 for convention center fountain and hardscape improvements, offset by FY 17 year-end surplus.
SUGGESTED ACTION
Approve recommendation.
Respectfully Submitted,
JOHN GROSS
DIRECTOR OF FINANCIAL MANAGEMENT
APPROVED:
PATRICK H. WEST
CITY MANAGER