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Home My WebLink About23 - FY 2016-17 Budget Adoption; City Budget Hearing; Budget Adoption; Recommendations from the Finance Committee; Budget Checklist Items; Other Financial Policy Recommendations - PowerPointJune 14, 2016 FY 16-17 Checklist Item No. 23 WA IE: 1.�i�[,. Budget DheckIist -Amendments In the Proposed Budget Fiscal Year 2016-17 CHANGES TO THE PROPOSED BUDGET AS PRINTED -ADMINISTRATIVE Bu dget Fiscal Year 2014-15 Surplus Increase (Decrease) Approved 0 10 03-9911 Unassigned, Unrcstrided General Fund Fund EaIsncc(Transfer0ute 5 f?,500,OOU; .................................................................................................................................................................................................................................................................................................................... ........................ 7110 91010 VV aste%%ster0perationsFund - Transfer In 5 3,500,000 TOTAL CH ANG ES TO THE PROPOSED BUDGET -ADMINISTRATIVE I CHANGES TO THE PROPOSED BUDGET A S PRINTED -PERSONNEL RELATED D epa.rtr nen Account N u rrL erYD escri ption Increase (Decrease) Approved City Clerks 010'10005-7* ................................ 01010005-7* ................................ Fire Departrrei t 0 10 40 40 4-71 30 03 Ad d. 1: 96 FF E. Part -Time De�.artment Assists nts (Limited Terms for Regards M.snN., mT nt .......... >.......................... Redass one fulktimeGeput G.rt Clerk ositian to fulktime Assistant Crt�r Clerk Reduction in orertime furrdsummersure amt ulancegroram Municipal Opeadions 01090 - Redass ani ful1-time Urian Forester rsltionto fuIPime Parks Suparliscr Pdice 010353x-5 7* ............................... 0103E2- �* ........�.y...................... ................................ Public Works 01000801-7* ................................ Delete full-time Civilian Fraud Investigator positron (newin FY 016-17� ..................................................... ..... ... .........................................................................................................:......... :dd one fulktime Community 5ierrices[]f6cer ................................................................................................................................................................................ Gelete art imeCommuntvSerrices0fficer.(1Q hou! ar:` FTE .............. Six month overfill of a Senior Public',Wrks Inspector ......... ......... . �............................ 98, 557 5 - S (80,5010.p C............................ �,...... TOTAL CHANGESTOTHE PROPOSED OPERATING BUDGET- PERSONNEL RELATED 5 46,941 FY 16-17 Checklist (cont.) CHANGES TO THE P'ROP'OSED BUDGET ,AS PRINTED - MAINTENANCE & OPERATIONS Du dget Increase (Decrease) Approved City Council 0 10 (FA 0 E-81 10 06 Furid in�..for 'H ernes H a11" at the OC Fair and E vents Center Qj �yoa Tim r,1ul� oon�: v' 25,000 0100E001 1100# ............................................................................................................................................................................................................................................................................................................................................... ..........................................................................,....... .pry Ea ected airport analysis needs can t}e reduced from Past years (City l,1 anagen v, �1,000:r Policeilnfor ation Technology 76E 7 E: l 1024.............Peninsula 7�',�ireless l,1 esh Netktior Eas ansion..(P�lice.& C!t `f.1 anal.: ".;:........................................................... '.......................... ...... Municipal Operations 0 1...0 9021-81 1.0..x :............. +ditional steam deanin.9..-..McFadden ��uare..4�,1 ��ror Goya.��....................................................................................... S............................1.9..7.`o... ` 110a AdditiamI beam deaning Baltloa Villa8Y Doboan'............................................................................................................................ 10,7-�o ............ 01090 11008 ............................................................................................................................................................................................................................................................................................................................................... Increased as of graffiti rema-raJ aantract i rrailing wtiegef - X0,000 Li braryf & Cultural Arts ..0...1...0...6...0..6....0...3....9...4...1...0...0...4..............P.. .a...c...i.f...c...§y.T..n..p rssion�.................................................................................................��............................x:0,00.0... ............................... Equipment Fund '75 90 82-91 1 Funding adjustment needed based on change to Proposed vehicles to be repaced 8 (147,440) .016 ............................................................................................................................................................................................................................................................................................................................................... E40�.91108 ................... :j.... .a.j.!a.9..for 800 l,1 H; ..aaui�e t}ased..°.a.. cotes. recd aftergro sed..tfa.�.9.et �.es de°relo.E:......................................... `:.. TOTAL CHANG E5 TO THE PROPOSED OPERATIN G DU DGET- M&O (71,9B6) TOTAL CHANG ES TO THE PROPOSED OPERATING DU DGET - PERSON NEL AND M&O TOTAL CHANGES TO THE PRIED OPERA 77MG BLUGET BY FiAV General Fund BalboaVillage Parking Management Fund Technology Equipmvrrt Fu rid Equipnent Fund Total C han ges to th a Proposed Operati ng Du dig et (25,') S 150, 3.09,f 1 S,7.A 5 (188,48:} (25,045) FY 16-17 Checklist (cont.) I CHANGES TO TH E PROPOS ED BUD GE T A S PRINTED - CIP EXPEND ITURE,S. Capital Improverrent Projed Increase (Decrease) Approved 02019:s .31 'A" ater M ai n blaster Plan Pru gram 2 E -O, 0 0 0 ............................................................. ...................................................................................................................................................................................... -31-D1-98000-17'mV02 aster Ian Program ........................... 125,000 ...................................................................... 16 v 11 StreetiJ6"M-�'4 i ............................................................................................................................................................................................................................................. 1.;_.31-9x03-3 . ) -16v1.1 ...................................................................... .............. ........................................................................................................................................................................... ........................................... TOTAL CHANG ES TO THE PROPOSED CIP EXPENDITU RE BU DGET TOTAL CHANGES TO THE PROPOSED C;P EXPENWURE BLUGET BY FLAD Contributions Fun d S (1,200,000) Water Operations Fund S 250,000 Water Capital Fund S 12-,000 Total C han ges to th e Proposed Cl P Bud get S f825 CHANGES TO THE PROPOSED BUDGET AS PRINTED - REVENUE D eparftTH5fTUAGGourit N u rrbeFYD escri pfiDn Increase (D ecrea se"i Ap pro -.-ed 01 040402,S2122E. Centrad -N%ith County for H a z M at I n spedi ofl s iT ire Department; TOTAL CHANG ES TO THE PROPOSED REVEN U E BU DGET S (27.250-1 TOTAL CHANGES TO THE PROPOSED REVENVE BUDGET BY FWD General Fund S (27,250:; Total Changes to the Proposed Revenue Budget $ (27,250) Two Pension Contribution Choices Phase-in. Rolls in mortality study findings (ie. T cost of people living longer) over 5 years, but has a borrowing cost. Partial Fresh Start. Opts -out of deferred payment schedule Requires $5M more during the first 4 years but saves $12M over the next 16 years - Net Savings of $7M Net Present Value (NPV) savings - $3M. Need to decide by June 30, 2016 - Sooner is better PROS of PFS CONS of PFS • Saves $7 million over time Commits City to higher payments • Avoids "Negative Amortization" of over the next four years unfunded liability balance