Loading...
CC 2016-02-23_12b Supplemental Info. No. 1 MEMORANDUM TO: CITY COUNCIL FROM: DEBBIE MALICOAT, DIRECTOR OF ADMINISTRATIVE SERVICES SUBJECT: SUPPLEMENTAL INFORMATION AGENDA ITEM 12 B: CONSIDERATION OF FY 2015-16 MID YEAR BUDGET REPORT DATE: FEBRUARY 23, 2016 Based on an inquiry for additional information regarding the details of the Local Sales Tax Fund, attached to this memorandum is the Ten-Year Revenue and Expense Plan. The attached Plan reflects actual expenditures for FY 2014-15, the currently approved budget for FY 2015-16 and the planned expenditures for future fiscal years until FY 2023-24. The attached fund balance projection for the Local Sales Tax Fund includes the recommendation in the Mid Year Budget to increase funding for street maintenance by $76,928 to offset the loss of Gas Tax revenues. CITY OF ARROYO GRANDE LOCAL SALES TAX FUND 10-Year Revenue and Expense Plan Item 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 Castillo Del Mar Road Improvements 6,924 143,075 - - - - - - - - East Branch St Streetscape 70,000 97,600 - - - - - - - Fair Oaks/Orchard Rd Intersection Imp 50,000 - - - - - - - - Halcyon Rd Complete Street Plan Study 19,500 - - - - - - - - Brisco Rd Interchange Project - 200,000 350,000 350,000 350,000 350,000 350,000 350,000 350,000 Subtotal Transportation 6,924 282,575 297,600 350,000 350,000 350,000 350,000 350,000 350,000 350,000 Pavement Management Program 476,532 798,519 700,000 725,000 750,000 775,000 800,000 825,000 850,000 875,000 Car Corral - 21,381 - - - - - - - - Striping and Sidewalk Improvements 98,925 96,287 55,000 60,000 115,000 120,000 125,000 130,000 130,000 130,000 East Grand Ave Sidewalk Imp - - 100,000 100,000 - - - - - - ADA Program and Retrofits 33,443 11,500 - - - - - - - - Street Maintenance 45,253 176,928 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 Construction Management/Inspection 30,000 42,700 43,600 44,400 45,300 46,200 47,100 48,100 49,000 50,000 Paulding Wall Extension 2,805 83,195 - - - - - - - - Kingo Park Improvement - 25,000 - - - - - - - - Oak Park Rehabilitation - 205,000 - - - - - - - - Alpine St Waterline & Street Imp 356 74,640 - - - - - - - - Larchmont Street Improvements 187,693 - - - - - - - - - Swinging Bridge Reinforcement 3,000 37,000 - - - - - - - - Traffic Way Bridge Improvements 3,042 13,605 - 48,200 - - - - - - Le Point St Parking Lot - 500,000 240,000 - - - - - - - Le Point St Parking Lot Lease 19,244 32,000 - - - - - - - - Subtotal Street/Park Improvements 900,293 2,117,755 1,238,600 1,077,600 1,010,300 1,041,200 1,072,100 1,103,100 1,129,000 1,155,000 Vard Loomis Drainage Improvements 25,000 25,000 - - - - - - - Creek Preservation/Drainage Improvements 24,810 53,500 - - - - - - - - Retention Basin Maintenance 26,646 27,200 27,700 28,300 28,800 29,400 30,000 30,600 31,200 31,800 Platino Ln/Oro Dr Inlet 409 77,213 - - - - - - - - Stormwater Annual Permit & Program 2,250 14,500 15,000 15,000 16,000 16,000 16,000 16,000 16,000 16,000 Subtotal Drainage Improvements 54,115 197,413 67,700 43,300 44,800 45,400 46,000 46,600 47,200 47,800 Fiscal Year CITY OF ARROYO GRANDE LOCAL SALES TAX FUND 10-Year Revenue and Expense Plan Item 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 Fiscal Year Fire JPA 125,000 137,700 140,500 143,300 146,100 149,100 152,000 155,100 158,200 161,300 Fire Apparatus 38,479 38,500 28,800 28,800 28,800 28,800 28,800 28,800 28,800 28,800 Police Station Upgrade 595,500 109,700 - - - - - - - - Police Senior Officer Position 165,500 167,700 171,100 174,500 178,000 181,600 185,200 188,900 192,700 196,500 Narcotics Task Force 24,000 24,000 24,000 24,000 24,000 24,000 24,000 24,000 24,000 24,000 Police Firing Range - - - - - 120,000 - - - - Subtotal Public Safety 948,479 477,600 364,400 370,600 376,900 503,500 390,000 396,800 403,700 410,600 City Hall Debt Service 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 City Hall Document Imaging Project - 7,500 - - - - - - - - Council Chambers Upgrade - 250,000 - - - - - - - - Corporation Yard Upgrade 218,359 77,795 - - - - - - - - Server Virtualization 42,853 - - - - - - - - - Elm Street Community Center Upgrade - - 160,000 150,700 150,700 - - - - - Citywide Solar Panel Project - 3,500 - - - - - - - - Wireless Internet Access - 32,450 - - - - - - - - Uninteruptable Power Supply @ PD 7,150 - - - - - - - - Electric Vehicle Charging Station - 5,000 - - - - - - - - IT Firewall Replacement - - 30,000 - - - - - - - Financial Management System - - - - 200,000 - - - - - City Hall Safety and Access Improvements - 25,000 - - - - - - - - Subtotal City Facilities 281,212 428,395 210,000 170,700 370,700 20,000 20,000 20,000 20,000 20,000 Office Supplies (annual report)1,525 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 Postage/Mailing (annual report)1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 Annual Audit and Sales Tax Report 3,900 4,500 4,500 4,500 4,500 4,500 4,500 4,500 4,500 4,500 Subtotal Other 6,925 7,500 7,500 7,500 7,500 7,500 7,500 7,500 7,500 7,500 Total Operating Expenses 458,044 511,800 478,200 485,800 494,500 502,600 510,600 519,000 527,400 535,900 Total CIP Expenses 1,119,194 1,927,704 852,600 648,900 700,700 470,000 350,000 350,000 350,000 350,000 Total Capital Maintenance Expenses 620,710 1,071,734 855,000 885,000 965,000 995,000 1,025,000 1,055,000 1,080,000 1,105,000 CITY OF ARROYO GRANDE LOCAL SALES TAX FUND 10-Year Revenue and Expense Plan Item 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 Fiscal Year Total Expenses 2,197,948 3,511,238 2,185,800 2,019,700 2,160,200 1,967,600 1,885,600 1,924,000 1,957,400 1,990,900 Projected Revenue 2,066,010 2,200,100 2,241,900 2,345,438 2,415,801 2,439,959 2,464,359 2,390,428 2,270,907 2,111,943 Revenue Over/(Under) Expenses (131,938) (1,311,138) 56,100 325,738 255,601 472,359 578,759 466,428 313,507 121,043 Estimated Ending Fund Balance 1,541,567 230,429 286,529 612,267 867,868 1,340,227 1,918,986 2,385,414 2,698,921 2,819,964 Fund Balance as % of Programmed Expenses 70%7%13%30%40%68%102%124%138%142%