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HomeMy WebLinkAbout65B - EVALUATE REVENEUE GENERATION OPTIONSREQUEST FOR COUNCIL ACTION CITY COUNCIL MEETING DATE: MARCH 20, 2018 TITLE: AUTHORIZE THE CITY MANAGER AND CITY ATTORNEY TO ENTER INTO AGREEMENTS RELATED TO REVENUE GENERATION IN AN AMOUNT NOT TO EXCEED $100,000, THROUGH DECEMBER 31, 2018 {STRATEGIC PLAN NOS. 1 THROUGH 7} � � r I MANAGER RECOMMENDED ACTION CLERK OF COUNCIL USE ONLY: APPROVED ❑ As Recommended ❑ As Amended ❑ Ordinance on 15' Reading ❑ Ordinance on 2nd Reading ❑ Implementing Resolution ❑ Set Public Hearing For CONTINUED TO FILE NUMBER Authorize the City Manager and City Attorney to enter into agreements related to revenue generation in an amount not to exceed $100,000, through December 31, 2018. BACKGROUND On February 5, 2018, at a Special Council Meeting, the City Manager and Executive Director of Finance provided the Mayor and City Council with an update on CalPERS, a mid -year budget update, a preliminary budget for FY 2018/19, and a revised Five -Year Forecast. During this presentation, it was noted that the current Fiscal Year 2017/18 budget has a $9.3 million deficit, with the next two fiscal years having a projected $16.9 million and $31.8 million, respectively. Staff, in consultation with the Mayor and City Council, are working diligently to find ways to address our budgetary challenges, while maintaining services to the community. This has included looking at ways to provide services alternatively, reviewing purchasing practices, and also looking at revenue generation. In order to continue pursuing options for the City Council to consider, staff requires the assistance of experts from a cross sections of industries. This expertise must be retained in order to properly evaluate options. At this time staff has begun preliminary research to identify various firms, however no decisions have been made. Because time is of the essence, staff is requesting this authority. In order to properly track these costs, a project activity code will be created within the City's accounting software and no expenditures will be made without the concurrence of both the City Manager and City Attorney. 6513-1 Agreements Related to Revenue Generation March 20, 2018 Page 2 At this time, staff is requesting authority for up to $100,000. Although staff does not anticipate needing the entire amount, this would prevent any delays that may place revenue options in jeopardy. STRATEGIC PLAN ALIGNMENT Approval of this item supports the City's efforts to meet all seven goals and objectives of the strategic plan which include: 1) Community Safety; 2) Youth, Education, Recreation; 3) Economic Development; 4) City Financial Stability; 5) Community Health, Livability, Engagement and Sustainability; 6) Community Facilities and Infrastructure; and 7) Team Santa Ana. FISCAL IMPACT Fund are available within the FY 2017/18 Non -Departmental Account to cover these potential expenditures (01105015-62300). APPROVED AS TO FUNDS AND ACCOUNTS: 11, Francisco Gutierrez i Executive Director Finance & Management Services Agency 65B-2