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HomeMy WebLinkAbout65A - CARRYOVER FUNDING TO FYREQUEST FOR COUNCIL ACTION CITY COUNCIL MEETING DATE: SEPTEMBER 17, 2019 TITLE: APPROVE APPROPRIATION ADJUSTMENTS FOR CARRYOVER UNSPENT AMOUNTS FROM FISCAL YEAR 2018-19 TO FISCAL YEAR 2019-20 AND APPROPRIATE $4.0 MILLION OF ADDITIONAL REVENUE FOR FISCAL YEAR 18-19 (STRATEGIC PLAN NO.4, 1) CITY MA AGER RECOMMENDED ACTION CLERK OF COUNCIL USE ONLY: ❑ As Recommended ❑ As Amended ❑ Ordinance on 151 Reading ❑ Ordinance on 2n° Reading ❑ Implementing Resolution ❑ Set Public Hearing For CONTINUED TO FILE NUMBER Approve an Appropriation Adjustment to reduce the FYI 8-19 budget for unspent amounts to be carried over to FYI 9-20. 2. Approve an Appropriation Adjustment to increase the FY19-20 budget for amounts carried forward from FYI 8-19. 3. Approve an Appropriation Adjustment to move FY 19-20 budget in the Addressing Maintenance Enhancing Services (AMES) fund, from the Reserve Appropriations account to the appropriate accounts for expenditure. 4. Approve an Appropriation Adjustment in the amount of $4.0 million based upon the availability of Revenue within the General Fund (Fund 011) as follows: Roadway Maintenance ($2.0 million) for expenditure during FY 2018-19, Quality of Life Team (QOLT) to be carried to FY 19-20 for expenditure ($1.0 million), and additional Youth Spending via a transfer to the Cannabis Public Benefit Fund for expenditure during FY 19-20 ($1.0 million) DISCUSSION Carryover budgets from FY 18-19 It is common for a City to budget for non -recurring (one-time) expenditures, such as construction projects, which are not completed by the close of the fiscal year on June 30. When this happens, the City Council may 'carryover" the unspent budget from one fiscal year to the next to provide resources for project completion. We do not request carryover for recurring operating budget amounts, as each annual budget already includes provision for operational expenses. 65A-1 Appropriation Adjustments to Carryover Unspent Amounts from FY18-19 to FYI 9-20 September 17, 2019 Page 2 The City Council adopts a budget one year at a time, and the City's Charter requires City Council approval for appropriation adjustments. Increasing the current year budget for unspent amounts carried over from the prior year constitutes an appropriation adjustment. A list of requested carryovers is attached to this report (Exhibit 1). The list includes the account, description, amount, and expenditure status. All requests on the list were discussed with City departments and vetted to ensure funds are available and the allocation is non -recurring. Each request on the list includes the amount available one month after the end of FYI 8-19. Staff will continue paying FYI 8-19 invoices through September, and will continue reconciling FY18-19 accounts through October. The FY18-19 ledger will not be final and closed until the financial statements have been audited in November. Therefore, the requested carryovers are "maximum" amounts. The actual amounts processed for carryover will be limited to the available budget once the FYI 8-19 ledger is closed (Exhibit 2). Additionally, a list of projects has been attached (Exhibit 3) for unspent items in the AMES (Addressing Maintenance Enhancing Services) Fund. The FYI 9-20 budget already includes an allocation to re -budget unspent monies; however, that allocation was placed in "Reserve for Appropriations" (Reserve). Staff requests an appropriation adjustment to move the unspent project allocations from the "Reserve" account to the appropriate accounts for expenditure. Unanticipated Revenue - FYI 8-19 Revenue and proposed reclassification/transfers The FY18-19 books have not yet been closed and audited. However, actual receipts to date indicate the General Fund will receive at least $4.0 million more revenue than budgeted for FYI 8- 19. Additional revenue includes but not limited to the following: $2.0 million of tax increment distributed from the Redevelopment Property Tax Trust Fund (primarily related to interest savings from the 2018 tax allocation bond refunding), $1.6 million of various planning and building fee revenue(s), and $0.4 million from paramedic services charges (Exhibit 4). Due to the public demand for service, at this time staff recommends conservatively appropriating $4.0 million (Exhibit 4) of the additional revenue as follows: Amount to Appropriate Program to be funded • $2.0 million Roadway maintenance • $1.0 million Additional youth spending set -aside in the Cannabis Public Benefit Fund • $1.0 million Quality of Life Team (QOLT) activities Once the books are closed and audited, the City Council may review the General Fund balance to determine if any additional amounts should be appropriated. Each year, the City is required to spend General Fund money for roadway maintenance in order to receive restricted revenue for street projects. In addition, there is public demand for various streets to be immedidately repaired. Staff recommends reclassifying up to $2.5 million of FY18-19 roadway expenditures from the Gas Tax Fund to the General Fund to ensure the City has met its 65A-2 Appropriation Adjustments to Carryover Unspent Amounts from FY18-19 to FY19-20 September 17, 2019 Page 3 spending obligation. In turn, the unused Gas Tax revenue will be available for high priority street repair during FYI 9-20. With the $2.0 million appropriation requested above, the General Fund will have sufficient budget to reclassify up to $2.5 million in Street Repair expenditures (Gas Tax — Fund 029 and Select Street Construction — Fund 059 funds). The City Council established a Cannabis Public Benefit Fund to spend one-third of adult -use and commercial cannabis tax revenue on youth programs, and one-third on enforcement. Ordinance No. NS-2959 requires contributions to the Public Benefit Fund beginning in FYI 9-20. To date, the City has collected $4,615,664 of FY18-19 tax revenue for adult -use and related commercial business activities, which was programmed for General Fund purposes. One-third of that tax revenue is $1,538,555. The City Council may consider using a portion of the unexpected General Fund revenue outlined above to make an additional FY 19-20 contribution of $1.0 million to the Cannabis Public Benefit Fund, for youth spending. There is a public desire for more efforts to address the impacts of homelessness. Staff recommends appropriating $1.0 million from the unexpected revenue for FYI 9-20 QOLT efforts. STRATEGIC PLAN ALIGNMENT Approval of this item supports the City's effort to meet Goal #4 — City Financial Stability, Objective #1 — Maintain a stable, efficient and transparent financial environment. FISCAL IMPACT Carryover Appropriation FY 2018-19 to FY 2019-20 There is no net fiscal impact associated with this action related to carryover of unspent appropriations. The previously authorized expenditures will simply be spent in a later period, which only affects the timing of cash flow. Appropriation Adjustment Upon Council Approval, the following budgets will 20 (Exhibit 3 & 4): FY 2018-19 Fund / Department • AMES — Fund 050 Funding Source: General Fund / Miscellaneous Appropriate to: • General Fund / Public Works Budget • General Fund / Community Development • General Fund / Public Works be augmented during FY 2018-19 and FY 2019- Amount Activity $1.9 million re -appropriate budget $4.0 million Available Revenue $2.0 million Street Repair $0.5 million Homeless - QOLT $0.5 million Homeless - QOLT 65A-3 Appropriation Adjustments to Carryover Unspent Amounts from FY18-19 to FY19-20 September 17, 2019 Page 4 FY 2019-20 • Transfer from the General Fund (Fund 011) to the Cannabis Public Benefit Fund (Fund 012) - $1.0 million and appropriate $1.0 million to PRCSA Youth Services Kathryn Dow s, CPA Executive Director Finance and Management Services Agency Exhibits 1: List of requests to carryover unspent appropriations Exhibits 2: List of requests to carryover unspent appropriations by fund Exhibits 3: List of AMES projects with projected completion dates Exhibits 4: Appropriation Adjustment and Transfer during FY 2018-19 and FY 2019-20 65A-4 EE8 8 Ee a o88 e oQ Wa. - f E d oe o Y o _ E r o e A o- 3: - a 9 M. t;r m= dm o2 t ¢ g A 2 a o8= i a n e m c" 0 2 o s v E 9 2 c S a 0 c^ o L E u o a L S o E:.35 A S_ E E3c E Y Q 4 "'¢ E g E o E E P E ff a o o B e x a e i«= e 8 8 _ - d E C E S S o e" 3 a— a r E dSS2t o- v o o e --_ _ d a m m u m o gM E£ �\• \ °^' E c E v$ a E E E K ^ s u o o o$ X'' m w G G u .} L L L L G L`= o e'aaoo¢aoa>$aI Eo vdsd�a�¢°a.��°e__„.aae5o E L _ c^ Lv X. 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I\)\I -------_ .)) q){/ oamam _G /{{}\({/}}/ \ \ \}\\\ \��/}\ } \ \\\}\ to to z H'P3:; /) ; ;|!;! 65A- EXHIBIT 2 Preliminary List of Carry Forwards By Fund FY18-19 Balances to FY19-20 As of August 2019 Fund I Fund Name O11 GENERAL FUND 029 SPECIAL GAS TAX 032 MEASURE M-STREET CONSTRUCTION 034 NEW TRANSPO SYS IMPR AREA E 035 NEW TRANSPO SYS IMPR AREA 051 CAPITAL OUTLAY FUND 052 STRATEGIC PLAN PROJECTS 055 SEWER CONNECTION FEE 056 SANITARY SEWER SERVICE 057 FED CLEAN WATER PROTECTION ENT 059 SELECT STREET CONSTRUCTION O60 WATER REVENUE 067 REGIONALTRANSP CENTER O69 SANITATION FUND 070 EQUIPMENT REPLACEMENT 124 ORANGE COUNTY GRANTS 125 OES UASI 127 D.O-I. GRANT FUND 130 HOME PROGRAM FEDERAL GRANT 135 COMMUNITY DEV BLOCK GRANT 147 FEDERALAID SAFETY PROGRAM 148 TRAFFIC SYSTEM MGMT GRANT 165 OFFICE OF SAFETY GRANT 169 RECREATION GRANTS FUND 312 RESIDENTIAL DEVELOP DISTRICT 403 SCAG GRANTS 405 FEDERAL HOPWA PROGRAM GRANT 417 CDA INCLUSIONARY HOUSING FEE Budget Expenditures I August 2019 I Carry Forward 280,910,936 258,676,053 22,234,883 1,126,400 16,560,070 9,163,390 7,396,680 1,546,600 33,107,338 13,997,707 19,109,631 15,278,300 795,348 506,602 289,746 288,746 1,589,036 564,071 1,024,965 1,024,965 3,864,471 5,812,447 (1,947,976) 31,400 2,522,456 2,016,416 506,040 12,500 7,974,478 187,158 7,787,320 7,391,600 8,115,693 7,060,851 1,054,842 563,200 7,141,893 3,274,113 3,867,780 1,438,700 23,652,064 6,476,984 17,175,080 17,302,300 60,916,132 50,685,781 10,230,351 1,421,200 1,956,323 1,397,795 558,528 43,900 7,798,766 6,718,240 1,080,526 195,000 1,297,325 287,698 1,009,627 37,400 1,858,240 693,545 1,164,696 30,900 6,422,589 1,629,551 4,793,038 2,800,000 539,742 491,385 48,357 56,700 4,622,352 1,102,518 3,519,834 3,686,500 13,492,923 3,964,278 9,528,645 8,220,300 1,200,877 316,037 884,840 769,500 13,830,830 1,059,700 12,771,130 11,859,900 722,419 553,455 168,965 168,964 311,628 167,059 144,569 83,700 4,019,674 877,449 3,142,225 200,000 292,329 85,317 207,012 128,300 23,720 2,992 20,728 20,728 14,922,260 4,568,609 10,353,651 555,500 (A) (B) (C) (D) Notes: (A) Available balance is negative as a result of $5.5 million expenditures for Streetlight project. City Council approved a financing agreement for $8.6 million in April 2018 to fund the project, but no appropriation adjustment was processed. (B) Approximately $0.6 million will be reclassified for on -call pavement maintenance. (C) Approximately $90,000 of FY17-18 expenditures were posted to FY38-19. (D) City received approximately $100,000 program income and $68,000 de -obligated CHDO funds from granting agency during FY18-19 for which no appropriation was processed. These funds will be added to total carry forward for FY2019-20. 65A-9 65A-10 EXHIBIT 3 List of Council Special Projects AMES (Addressing Maintenance Enhancing Services) Available for FY19-20 Accounting Unit Project Activity p Project Description Anticipated Completion Date Amount 05005018 16015201102 Homelessness/Communications June 2020 180,500 05010024 16120001501 Network, data centers and software upgrade June 2020 4,000 05010024 16120301500 Financial Budgeting Application June 2020 88,900 05010024 16120401500 Planning & Building Permitting Application March 2020 263,100 05005018 16015101102 Communications Equipment June 2020 125,600 05017018 16600701022 Public Works Cl P, Asset Management June 2020 193,900 05016018 16500001102 General Plan Update December 2020 974,700 05017018 17600801011 SARTC Deferred Maintenance - HVAC June 2020 75,700 Total 1,906,400 65A-11 65A-12 .i b m b a 0 0 m. N m b O rv.. 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