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CC 2015-06-09_11a FY 15-16 and 16-17 Biennial BudgetTO: FROM: MEMORANDUM CITY COUNCIL/SUCCESSOR AGENCY BOARD OF DIRECTORS ROBERT MCFALL, INTERIM CITY MANAGER DEBBIE MALICOAT, DIRECTOR OF ADMINISTATIVE SERVICES~ SUBJECT: CONSIDERATION OF FY 2015-16/ FY 2016-17 BIENNIAL BUDGET DATE: JUNE 9, 2015 RECOMMENDATION: It is recommended the City Council adopt tl)e attached resolution approving the FY 2015-16 Budget. FINANCIAL IMPACT: The total citywide budget for FY 2015-16 is $27,870,666 and $42,221,910 for FY 2016- 17. The total General Fund budget is $15,345,110 for FY 2015-16 and $15,927,060 for FY 2016-17. The budget as presented is balanced, maintains the reserves in compliance with the City Council adopted unappropriated reserve level policy and addresses priority concerns previously addressed with the City Council. It also notes the implications on the Long Range Financial Plan and the need to continue to address future expense and revenue projections to maintain a long term fiscal balance. BACKGROUND: The City Council held a budget workshop on March 15th to review and discuss the current financial situation in addition to financial and operational trends and challenges. During this workshop, the City Council received information about the operational needs of City departments and the relationship to the sustainability of current service levels to the community. The Council also received information regarding future revenue estimates and projected cost increases, particularly associated with retirement contributions, and the implications of these financial matters to the Long Range Financial Plan. On May 12th, staff presented the Preliminary FY 2015-16/ FY 2016-17 Biennial Budget for non-General Fund programs and projects for the Council to review. Staff received Item 11.a. - Page 1 CITY COUNCIL FY 2015-16/ FY 2016-17 BIENNIAL BUDGET JUNE 9, 2015 PAGE2 direction to eliminate the proposed project for the Hoosegow Park stairs, as well as general direction on a number of other projects. The May 29th meeting focused on General Fund programs and projects. Council provided direction related to proposed staffing changes and new fees. These changes, as well as some minor updates to revenue and expenditure projections, have been incorporated into the Budget since Council reviewed the preliminary document. Specifically, the changes Council provided a consensus of direction on included: • Various General Fund line item reductions of $126,000 • Establish new GIS Technology, Animal Impound and Woman's Club Center Security and Custodial Fees • 1-Full-time Information Services Technician (Cost Allocation) • 1-Full-time GIS Technician (Cost Allocation) • 1-Full-time Parks Maintenance Worker (Net $0 General Fund Impact) • 1-Full-time Water Systems Maintenance Worker (non General Fund) • 1-Part time Volunteer Coordinator (Partial new revenue offset) • 2-Reclassifications of Public Works Supervisors (non General Fund) • 1-Reclassification of a Public Works Office Assistant (non General Fund) • Various minor funding adjustments to provide for GASB and technology licensing fees In the General Fund,· it was noted the above changes were mostly accomplished through reprioritizing existing expenditures resulting in a minimal impact to the General Fund. In addition, with Council concurrence on adding Information Technology and Geographic Information Systems (GIS) positions in the General Fund, the enterprise fund cost allocations have been updated. The budget also provides for the additional PERS contributions resulting from revised rate calculation policies, increases to the Liability, Worker's Compensation and Health premiums and salary adjustments in accordance with current MOU's and City practice. It also provides funding as requested by the Five Cities Fire Authority in their Preliminary Budget Proposal for FY 2015-16. As presented, the budget relies on the use of unexpended prior year allocations in the General Fund. The budget document includes both fiscal years in order to: (1) provide for multi-year programs continuing into the second year and (2) streamline the budget process for FY 2016-17. However, the City Council must appropriate the budget for each year. As discussed at the March 15th workshop, the City has established budget goals and adopted a Critical Needs Action Plan. The Council received an update on the Critical Needs Action Plan that demonstrates that the City has achieved or made significant progress toward achieving a number of the items on the Plan. Based on Council priorities, an updated Critical Needs Action Plan is presented later in this report, as an Item 11.a. - Page 2 CITY COUNCIL FY 2015-16/ FY 2016-17 BIENNIAL BUDGET JUNE 9, 2015 PAGE3 important tool for focusing City resources and staff time during the next Biennial Budget period. The budget recommendations incorporate a balanced and responsible approach to meeting the City's short and long-term needs in a cost effective manner. The Biennial Budget is an important document because it serves as staff's recommendation, and ultimately Council's direction, for the work program for the upcoming two-year period. It also represents the collective recommendation of the executive team and is the product of a significant work effort by all City staff. ANALYSIS OF ISSUES: As discussed on May 28th, the proposed City budget represents a mixture of both increased financial capacity, but also continued challenges and constraints. It includes the addition of four full-time and one part-time position, the reclassification of two supervis,ors and an Office Assistant position in the Public Works department. Based on Council feedback, staff will bring forward the creation of fees for animal impounds, technology/GIS and pass-through fees associated with the rental of certain City facilities. The General Fund budget also relies upon the use of $250,000 of unspent appropriations from prior years as a short term measure to balance the budget while economic development activities are implemented. Budgets for all funds are incorporated into the document. The FY 2015-16 proposed budget is balanced, will continue to fund the high quality of services provided to the community, and will invest in the future through capital improvements and maintenance activities. General Fund The General Fund balance is projected to be at least $4,026,074 by the end of the biennial budget period. This amount will exceed the City's policy goal of 20% of General Fund expenditures. As discussed on May 28th this includes the addition of an Information Technology Specialist, a GIS Technician, a Parks Maintenance Worker and a part-time Volunteer/Recreation Coordinator, in addition to other minor budget adjustments. Enterprise Funds Both the Water and Sewer Funds are also balanced and fully fund the projects approved by the City Council in the Water and Wastewater Master Plans. The Water Fund has-a,projected cash fund balance at the'end of FY 2016-17 of $4.0 million, which remains well above the policy goal of 90 days of operating expenses plus $500,000, or approximately $2 million. The ending cash balance for the Sewer Fund is projected to be $1.9 million, which exceeds the policy goal equal to approximately $740,000. Development Impact Fee Accounts Development impact fee accounts are established to fund upgrades in public facilities through fees from development projects. These accounts have experienced a significant Item 11.a. - Page 3 CITY COUNCIL FY 2015-16/ FY 2016-17 BIENNIAL BUDGET JUNE 9, 2015 PAGE4 reduction in ongoing revenues due to the impact of the economy on new development, which has in turn affected the City's ability to fund major capital improvements. Each of the funds remains balanced. The most significant funds to note are the Traffic Signalization and Park Development Funds, which have funds sufficient for new projects. As a result, staff is initiating processes in both areas to prioritize needs in the community during the upcoming year. Projected expenditures and fund balances are as follows: Fee FY 2015-16 FY 2016-17 Balance Fire Protection $0 $0 $207,859 Police Protection $1,400 $0 $24,378 Park Development $33,500 $0 $645,286 Park Improvement $20,000 $20,000 $167,001 Community Center $25,324 $0 $2,399 Traffic Signalization $0 $0 $686,009 Transportation Facility $870,000 $400,000 $65,734 Water Neutralization $349,350 $294,350 $509,216 Affordable Housing $0 $0 $253,435 Capital Improvement Program The recommended Capital Improvement Program (CIP) includes the funding projected necessary to address many of the major needs identified. These include the annual Pavement Management Program, the Brisco Interchange project, sidewalk repairs, drainage repairs, Phase II of the upgrade of the Corpo~ation Yard offices, purchase of the Le Point Street parking lot property, ongoing Americans with Disabilities Act (ADA) improvements, trenchless sewer rehabilitation, Well No. 11 Construction, Reservoir Nitrification Reduction, and Reservoirs No. 3 and No. 4 Coating and Seismic Evaluation. There are changes to the CIP since Council's review on May 1ih based on Council comments and direction. The following changes have been included in the final budget: • Eliminated the staircase project at the Hoosegow Park, reallocating $30,000 toward the installation of artificial turf at the dog park. • Deferral of the lighting project at Don Roberts Field. Preliminary design and . specification work that has been completed will be valuable if the project moves forward in the future. Staff believes that given the significant cost increase of this project, prioritization of Park Development fees and potential projects should be undertaken before moving forward; therefore, staff recommends deferral of this project at this time. • Upgratjing the technology in the Council Chambers received consensus, however the other remodeling and physical improvements to the building did not. Comments ranged from not making any improvements at this time, to support for proceeding with the project as proposed, with various support in between. Staff proposes moving forward with the technology upgrade separately; however, staff also suggests retaining the funding for the physical improvements at this time. Staff continues to believe that a Item 11.a. - Page 4 CITY COUNCIL FY 2015-16/ FY 2016-17 BIENNIAL BUDGET JUNE 9, 2015 PAGES unified project with the technology upgrades and the physical improvements would be the most cost effective. Staff will return to the Council for further discussion on design and project scope, which will inform the funding level required to accomplish various aspects of the project. At that time Council could provide further direction on the scope of the project. • Refinements continue to be made on the Brisco Interchange project. The CIP budget includes construction funding in the amount of $6.6 million from state transportation grant funds, however, the most expensive alternative is estimated to need an additional $9 million. Previously, the City has anticipated debt financing from sales tax funds over several years, however, the ultimate balance will depend on which alternative is selected and the amount of additional grant funding from the State. Once the project report is finalized, staff will bring back a revised funding plan. • Funding for facility upgrades or replacement of the Elm Street Community Center remains in the budget as proposed, which would defer any improvements until late 2016. All options available to the City will be fully explored as soon as feasible, given the critical-path issues currently under consideration with the Five Cities Community Foundation. The FY 2015-16 budget includes $40,000 to begin exploring options and for any required repairs to the current structure to maintain habitability until FY 2016- 17. - • Staff will move forward with the process of acquiring the LePoint Street parking lot as soon as possible. The lease-purchase agreement outlines a number of steps necessary,. including procuring an appraisal. The budget has been modified to reflect acquisition in FY 2015-16. Local Sales Tax Fund Council provided direction that the use of Local Sales. Tax funding to support information technology infrastructure is an appropriate use. As proposed in the May 12, 2015 staff report, this does not indicate utilizing the Sales Tax Fund for items such as desktop computers, printers, scanners or other peripherals, but for technology that enhances the City's "network backbone" or provides enterprise-wide benefit. Concerns were expressed about the allocation of funding in relatively small amounts, rather than "bundling" these into larger projects. In most cases, the funding is in fact accumulating over several years in order to address a specific need. Additionally, based on the City's purchasing policies, Council would need to approve the expenditure of the funding for any projects over $25,000. Staff continues to believe that these small annual allocations are an effective way to provide set-asides for needed improvements and upgrades to facilities, parks, trees and storm water compliance. Economic Development and Revenue Plan As previously addressed, staff is recommending refocusing on a comprehensive Economic Development Plan, consistent with the aqopted Economic Development Element. It continues to be our belief that this approach is the most viable to the long term sustainability of quality service levels to the Arroyo Grande community and to Item 11.a. - Page 5 CITY COUNCIL FY 2015-16/ FY 2016-17 BIENNIAL BUDGET JUNE 9, 2015 PAGES begin to build capacity to address remaining current financial needs, such as equipment and facility set-asides. The revenue per capita analysis shows Arroyo Grande to be relatively modest in revenue collection, which should always be our goal. Similarly, it also indicates the potential for reasonable growth, particularly in revenue centers associated with business and local economic health and balanced growth. The associated Revenue Plan further requires a consistent approach to operational effectiveness evaluation and verification that all current revenues are being collected, as well as generating additional revenues through economic vitality and service fees. Additional specific proposals on both of this plan with be brought to Council in the near future. Critical Needs Action Plan Based on the status of current Critical Needs Action Plan items as well as Council direction and community input, staff proposes the following update to the Plan for the 2015-17 Biennial budget period: • Refocused comprehensive Economic Development Plan • Complete design and approval of the Brisco Road Interchange project. • Fully fund and construct the pavement management program to establish and maintain a schedule of improving all streets in the City on a 7-year cycle. • Continue an escalated sidewalk repair program. • Address the Recreation Services Department's facility needs. • Implement recommendations to address the City's water needs through a combination of conservation measures, potential recycling efforts and additional water supply sources that may become available. • Prepare asset replacement schedules for all City infrastructure including buildings, drainage facilities, parks, vehicles, information technology and other infrastructure. • Develop a long range financial plan with a focus on ensuring operational effectiveness revenue generation opportunities to help ensure long term fiscal sustainability. ALTERNATIVES: The following alternatives are provided for the Council's consideration: 1. Adopt the Resolution approving the FY 2015-16 Budget; 2. Modify and adopt the Resolution approving the FY 2015-16 Budget; 3. Do not approve the FY 2015-16 Budget; or 4. Provide direction to staff. ADVANTAGES: The recommendations in the Budget reflect revenue and expenditure strategies that will accomplish the following: • Maintain key service levels; • Maintain a substantial investment in improvements to the City's infrastructure and facilities; • Begin to address operational sustainability concerns; Item 11.a. - Page 6 CITY COUNCIL FY 2015-16/ FY 2016-17 BIENNIAL BUDGET JUNE 9, 2015 PAGE7 • Maintain reserves at or above the City's policy levels; and • Limit reliance on one-time revenues. DISADVANTAGES: The recommendations rely on prior year savings in appropriations and do not fully address the long term replacement needs of all City equipment and infrastructure. While balanced in the short term, the significant costs associated with the PERS rate increases; insurance costs and FCFA adjustments result in long term cost of service implications to the Long Range Financial Plan that will require monitoring and possible future adjustments to expenditures ahd revenues. In addition, a number of uncertainties exist that could negatively impact revenue projections and status of the proposed budget. These include the following: • Potential capital costs associated with recycled water or other similar water projects; • -Future increases to PERS retirement rates; and • Overall economic recovery. ENVIRONMENTAL REVIEW: No environmental review is required for this item. PUBLIC NOTIFICATION AND COMMENTS: The Agenda was posted in front of City Hall on Thursday, June 4, 2015 and on the City's website on Friday, June 5, 2015. No comments were received. Attachment: 1. FY 2015-16/2016-17 Projected Fund Balances Item 11.a. - Page 7 RESOLUTION NO. A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ARROYO GRANDE ADOPTING FISCAL YEAR 2015-16 OF THE FISCAL YEAR 2015-16 & 2016-17 BIENNIAL BUDGET AND MAKING APPROPRIATIONS FOR THE AMOUNT BUDGETED WHEREAS, a proposed Biennial Budget for the City of Arroyo Grande for the Fiscal Years commencing July 1, 2015 and ending June 30, 2016 and commencing July 1, 2016 and ending June 30, 2017 was submitted to the City Council and is on file with the Director of Administrative Services; and WHEREAS, the City Council also serves as the Board of Directors of the Successor Agency to the Dissolved Arroyo Grande Redevelopment Agency; and WHEREAS, proceedings for adoption of said Budget have been duly taken; and WHEREAS, the total Budget for FY 2015-16 is $27,870,666. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF ARROYO GRANDE DOES RESOLVE AS FOLLOWS: SECTION 1. The Budget is adopted as the Biennial Budget for the City of Arroyo Grande for the Fiscal Year commencing July 1, 2015 and ending June 30, 2016. SECTION 2. At the close of each Fiscal Year, unexpended appropriations in the Operating Budget will -be carried forward to the next fiscal year as necessary to underwrite the expense of outstanding purchase commitments. Unexpended appropriations for authorized, but uncompleted projects as approved by the City Council may be carried forward to the next succeeding Budget upon recommendation by the Administrative Services Director and approval of the City Manager. On motion of Council Member ---the following roll call vote, to wit: AYES: NOES: ABSENT: Council Members Council Members Council Members , seconded by Council Member ____ , and on the foregoing Resolution was passed and adopted this day of , 2015. Item 11.a. - Page 8 RESOLUTION NO. PAGE2 JIM HILL, MAYOR ATTEST: KELLY WETMORE, CITY CLERK APPROVED AS TO CONTENT: ROBERT MCFALL, CITY MANAGER APPROVED AS TO FORM: HEATHER WHITHAM, CITY ATTORNEY Item 11.a. - Page 9 CITY OF ARROYO GRANDE PROJECTED FUND BALANCES Fiscal Year 2014-15 Estimated Audited Fund Estimated Estimated Fund Balance Fund Balance 7 /1/14 Revenues Transfers In Expenses Transfers Out 6/30/15 General Fund $ 4,942,735 $ 13,229,882 $ 2,434,280 $ 14,311,397 $ 1,826,856 $ 4,468,644 Special Revenue Funds Fire Protection Impact Fees 136,459 30,400 166,859 Public Access Television 149,076 10,370 50,000 109,446 Police Protection Impact Fees 92,778 7,800 81,400 19,178 Park Development 767,902 177,700 432,585 513,017 Park Improvement 109,101 82,200 35,000 156,301 - Recreation Community Center 51,899 5,000 34,676 22,223 Grace Lane Assessment District 57,859 10,600 990 2,600 64,869 Landscape Maintenance District 10,842 5,875 5,700 2,200 8,817 Local Sales Tax 1,685,507 2,115,518 300,646 2,976,638 523,741 Parkside Assessment District 359,391 43,608 9,000 3,800 390,199 Streets (Gas Tax) 499,944 312,300 678,291 77,800 56,153 Traffic Signalization 624,409 25,600 30,000 620,009 Traffic Circulation 54,091 300 54,391 Transportation Facility Impact Fees 2,050,439 103,600 16,800 1,128,805 1,008,434 Transportation Fund 435,900 20,000 415,900 Water Neutralization Impact Fees 322,215 83,000 200,000 401,278 5,000 198,937 Construction Tax 3,243 24 3,267 Drainage Facility Impact Fees 21,239 164 21,226 177 In-Lieu Affordable Housing 11,012 166,332 80,291 76,700 180,935 In-Lieu Underground Utility 199 199 Tourism Business Improvement District 38,292 180,300 171,880 46,712 Water Availability 1,783,685 107,500 206,610 1,684,575 1 ATTACHMENT 1 Item 11.a. - Page 10 CITY OF ARROYO GRANDE PROJECTED FUND BALANCES Fiscal Year 2014-15 Estimated Audited Fund Estimated Estimated Fund Balance Fund Balance 7 /1/14 Revenues Transfers In Expenses Transfers Out 6/30/15 Special Revenue Funds {Continued} CDBG $ $ 10,357 $ $ 10,357 $ $ State COPS Block Grant 178,423 100,300 278,723 Enterprise Funds Sewer 1,042,632 1,024,775 358,100 511,400 1,197,907 Sewer Facility 375,948 40,300 33,000 383,248 Water 4,650,171 6,272,500 1,142,990 4,927,561 4,852,120 Lopez 2,189,814 2,800,500 3,254,400 307,200 1,428,714 Water Facility 820,643 58,500 879,143 Trust & Agency Funds Successor Agency to the Former Redevelopment Agency 1,283,176 782,192 562,919 219,291 1,283,158 Successor Agency to the Former Redevelopment Agency-Housing Function 69,010 1,610 67,400 Downtown Parking 193,036 11,838 3,991 142,365 58,518 Capital Project Funds Capital Improvement Program 34,838 2,798,683 7,570,866 10,369,549 34,838 Debt Service Funds USDA City Hall Loan 27,136 189 73,676 66,944 34,057 Total $ 24,137,200 $ 28,421,251 $ 13,471,913 $ 32,042,265 $ 13,471,913 $ 20,516,186 2 Item 11.a. - Page 11 CITY OF ARROYO GRANDE PROJECTED FUND BALANCES Fiscal Year 2015-16 Estimated Estimated Fund Balance Fund Balance Fund 7/1/15 Revenues Transfers In Expenses Transfers Out 6/30/16 General Fund $ 4,468,644 $ 12,853,200 $ 2,384,200 $ 15,305,110 $ 40,000 $ 4,360,934 Special Revenue Funds Fire Protection Impact Fees 166,859 20,500 187,359 Public Access Television 109,446 600 110,000 46 Police Protection Impact Fees 19,178 3,300 1,400 21,078 Park Development 513,017 63,200 33,500 542,717 Park Improvement 156,301 25,700 20,000 162,001 Recreation Community Center 22,223 3,800 25,324 699 Grace Lane Assessment District 64,869 10,600 13,300 3,400 58,769 Landscape Maintenance District 8,817 5,900 5,700 2,400 6,617 Local Sales Tax 523,741 2,200,100 265,200 2,200,750 257,891 Parkside Assessment District 390,199 43,500 20,700 4,500 408,499 Streets (Gas Tax) 56,153 423,400 305,000 691,600 83,900 9,053 Traffic Signalization 620,009 33,000 653,009 Traffic Circulation 54,391 200 54,591 Transportation Facility Impact Fees 1,008,434 150,000 870,000 288,434 Transportation Fund 429,300 20,000 409,300 Water Neutralization Impact Fees 198,937 52,000 200,000 349,350 101,587 Construction Tax 3,267 3,267 Drainage Facility Impact Fees 177 177 In-Lieu Affordable Housing 180,935 400 109,900 75,000 216,235 In-Lieu Underground Utility 199 199 Tourism Business Improvement District 46,712 195,000 183,000 58,712 Water Availability 1,684,575 48,000 172,200 1,560,375 3 Item 11.a. - Page 12 CITY OF ARROYO GRANDE PROJECTED FUND BALANCES Fiscal Year 2015-16 Estimated Audited Fund Fund Balance Fund Balance 7 /1/15 Revenues Transfers In Expenses Transfers Out 6/30/16 Special Revenue Funds {Continued} CDBG $ $ 73,993 $ $ 14,799 $ 59,194 $ State COPS Block Grant 100,300 100,300 Enterprise Funds Sewer 1,197,907 1,004,000 650,670 368,000 1,183,237 Sewer Facility 383,248 33,700 416,948 Water 4,852,120 6,392,500 210,200 2,184,335 5,146,400 4,124,085 Lopez 1,428,714 3,254,400 3,254,400 1,428,714 Water Facility 879,143 55,000 38,000 896,143 Trust & Agency Funds Successor Agency to the Former Redevelopment Agency 1,283,158 716,400 1,342,630 198,900 458,028 Successor Agency to the Former Redevelopment Agency-Housing Function 67,400 3,000 64,400 Downtown Parking 58,518 11,000 4,025 2,000 63,493 Capital Project Funds Capital Improvement Program 34,838 65,435 3,255,112 3,320,547 34,838 Debt Service Funds USDA City Hall Loan 34,057 73,800 67,000 40,857 Total $ 20,516,186 $ 25,014,028 $ 9,792,612 $ 27,870,666 $ 9,792,612 $ 17,659,548 4 Item 11.a. - Page 13 CITY OF ARROYO GRANDE PROJECTED FUND BALANCES Fiscal Year 2016-17 Estimated Estimated Fund Balance Fund Balance Fund 7/1/16 Revenues Transfers In Expenses Transfers Out 6/30/17 General Fund $ 4,360,934 $ 13,335,100 $ 2,396,700 $ 15,887,060 $ 40,000 $ 4,165,674 Special Revenue Funds Fire Protection Impact Fees 187,359 20,500 207,859 Public Access Television 46 46 Police Protection Impact Fees 21,078 3,300 24,378 Park Development 542,717 63,200 605,917 Park Improvement 162,001 25,700 20,000 167,701 Recreation Community Center 699 3,800 4,499 Grace Lane Assessment District 58,769 10,600 13,300 3,500 52,569 Landscape Maintenance District 6,617 5,900 5,700 2,400 4,417 Local Sales Tax 257,891 2,241,900 226,800 2,209,000 63,991 Parkside Assessment District 408,499 43,500 20,700 4,600 426,699 Streets (Gas Tax) 9,053 544,950 242,100 709,200 86,600 303 Traffic Signalization 653,009 33,000 686,009 Traffic Circulation 54,591 200 54,791 Transportation Facility Impact Fees 288,434 160,500 400,000 48,934 Transportation Fund 366,500 20,000 346,500 Water Neutralization Impact Fees 101,587 42,000 200,000 294,350 49,237 Construction Tax Drainage Facility Impact Fees In-Lieu Affordable Housing 216,235 400 100,000 75,000 241,635 In-Lieu Underground Utility 199 199 Tourism Business Improvement District 58,712 195,000 183,000 70,712 Water Availability 1,560,375 48,000 1,608,375 5 Item 11.a. - Page 14 CITY OF ARROYO GRANDE PROJECTED FUND BALANCES Fiscal Year 2016-17 Estimated Estimated Fund Balance Fund Balance Fund 7/1/16 Revenues Transfers In Expenses Transfers Out 6/30/17 Special Revenue Funds (Continued} CDBG $ $ 60,000 $ $ 10,000 $ 50,000 $ State COPS Block Grant 0 100,300 100,300 Entemrise Funds Sewer 1,183,237 1,004,000 515,970 319,300 1,351,967 Sewer Facility 416,948 42,000 458,948 Water 4,124,085 6,537,887 304,050 1,628,605 5,134,200 4,203,217 Lopez 1,428,714 3,254,400 3,254,400 1,428,714 Water Facility 896,143 60,000 304,050 652,093 Trust & Agency Funds Successor Agency to the Former Redevelopment Agency 458,028 604,480 465,480 139,000 458,028 Successor Agency to the Former Redevelopment Agency -Housing Function 64,400 3,000 61,400 Downtown Parking 63,493 11,000 4,025 62,000 8,468 Capital Project Funds Capital Improvement Program 34,838 16,187,920 2,550,100 18,738,020 34,838 Debt Service Funds USDA City Hall Loan 40,857 73,800 67,000 47,657 Total $ 17,659,548 $ 41,751,637 $ 9,121,150 $ 42,221,910 $ 9,121,150 $ 17,189,275 6 Item 11.a. - 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