1 / 54

FY 2014-15 Proposed Budget

City of Pinole Budget Workshop April 29, 2014. FY 2014-15 Proposed Budget. Workshop Outline. FY 2013-14 Budget Performance Update-Quarter 3 Overview of Proposed FY 2014-15 Budget City Council Questions Public Testimony Council Discussion. FY 2013-14 Budget Performance. Quarter 3 Update.

zaynah
Download Presentation

FY 2014-15 Proposed Budget

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. City of Pinole Budget Workshop April 29, 2014 FY 2014-15 Proposed Budget

  2. Workshop Outline • FY 2013-14 Budget Performance Update-Quarter 3 • Overview of Proposed FY 2014-15 Budget • City Council Questions • Public Testimony • Council Discussion

  3. FY 2013-14 Budget Performance Quarter 3 Update

  4. FY 2013-14 Budget Performance Update • Revenues Greater than Forecasted: • Sales Taxes + $66,572 • Measure S Taxes + $80,739 • Development Services Fees + $63,967 • Revenues Less that Forecasted: • Cable Television - $(4,616)

  5. FY 2013-14 Budget Performance Update • Expenditures Less than Budgeted: • Administrative Departments $35,857 • Police Department $87,382 • Fire Department $53,027 • Public Works Department $22,685 • Recreation Overall Performing to Budget $ -0-

  6. Sales & Use Tax Revenue Analysis • Year-over-Year Performance is Positive Reflecting: • Full-year collections from new and renovated restaurants • Continued growth in collections from vehicle fuel sales • New businesses at Regional Shopping Centers • Recovery of consumer spending for discount store consumables and personal electronics (General Consumer Goods reporting category)

  7. Sales & Use Tax Revenue Analysis • Prospects for Next Budget Year • Continued Growth from new Businesses such as: • TJ Maxx • Ulta • Krispy Kreme Donuts • Dickey’s Barbeque

  8. Recommended Budget Adjustments for FY 2013-14 Quarter 3 • General Fund: • Increase Sales Tax Forecast $66,572 • Allocate additional Taxes to General Reserve • Measure S Fund: • Increase Sales Tax Forecast $80,739 • Appropriate additional to Fire Overtime For unanticipated Labor Code 4850 Workers Compensation Coverage

  9. Sustainability - General Fund • Overall Revenue Performance 78.4% (including Accounts Receivable) • Combined Expenditure Performance 73.1% • Possible favorable Year End $681,185 “net results” of 5.3% • Anticipated General Reserve $836,234 Balance at June 30, 2014 (approx. 9% of Appropriations)

  10. Cash Flows Working Capital Reserve • Outstanding Accounts Receivable $1,531,562 as of March 31, 2014 • Primary Dry Period July – December • General Fund • Local Property Taxes $ 800,000 • Redevelopment Surplus Allocation $ 700,000 • Vehicle Licensing Fees $ 600,000 Total $2,100,000

  11. Cash Flows Working Capital Reserve (continued) • Sewer Fund $2.5 million • Use Fees $2,300,000 • Hercules Reimbursement $ 250,000 • 30-day Accounts Payable funding required for Operations: • Payroll (including benefit charges $1.1 million • Vendor Payments $ 500,000

  12. Analysis of Cash Flows – Pooled Treasury

  13. Proposed FY 2014-15 Budget Summary of Recommendations

  14. Recommended Operating Expenditures

  15. General Fund Expenditures by Function

  16. Special Revenue Fund Allocations

  17. Revenues > $1 million (74%)

  18. Major Revenue Growth (6 Yrs)

  19. Sales & Property Tax Recovery

  20. General Fund and Measure SProjected FY 2014-15 BudgetRevenues and Expenditures • Revenues $13,293,226 • Expenditures $13,081,493 Total $ 211,733

  21. General Fund Including Measure S • Revenues $13,293,226 • Including: • Property Tax Revenues Increased 3.8% to $2.1 million • Sales Tax Revenues Increased 3.0% to $3.5 million • Measure S (Use Tax) Increased 1.6% to $1.8 million

  22. General Fund Including Measure SRevenues • Excluding (prior year collections for): • Con Fire Service Agreement Tara Hills Area ($150,000) • 22.5% Loss in Police Dispatch Reimbursement - Hercules ($100,000) • Federal DOJ COPS Grant Patrol Officers ($223, 214) • Fire SAFER Grant Battalion Chief Funding ($125,692)

  23. General Fund Including Measure SExpenditures • Expenditures $13,081,493 • Including: • 2.5% One Time Pay Adjustments (excluding PPEA & IAFF) • Continuation of Employee Health and Retirement Cost Sharing

  24. General Fund Including Measure SExpenditures • New For FY 2014-15: • City Clerk Part Time Administrative Secretary (un-benefited) $ 21,860 • Fire Part Time Administrative $ 40,215 Analyst (un-benefited)

  25. General Fund Including Measure SExpenditures • Also Including: • Fire Equipment Lease $70,433 • Replacement of 2 Police Vehicles $75,000 • L&LD Business Assistance Grants $ 5,000

  26. General Fund Fiscal Performance

  27. General ReserveProjected Through June 30, 2014 • Redevelopment “Surplus” Allocations $600,000 • Property Tax Administration Lawsuit Refund $125,000 • Unanticipated FY 2012-13 Tax Revenues $ 44,662 • Unanticipated FY 2013-14 Tax Revenues $ 66,572 Reserve Balance $836,234

  28. General ReserveProjected Through June 30, 2014 Projected Reserve Balance $836,234 • Plus • Excess Redevelopment January 2015 Allocation (est.) $170,000 Projected June 30, 2015 Balance $1,006,234

  29. Current Unfunded LiabilitiesNot Included in the Budget • Conversion - Fire Station 74 ($350,000) • Chevron Property Tax Assessment Appeal ($100,000) • Stege Firing Range Lawsuit ($ 50,000) • MPA Liability Deductible (pending case) ($ 25,000) Unfunded Current Liabilities ($525,000)

  30. Current Unfunded LiabilitiesNot Included in the Budget • Plus Unknown(s): • PERB • Verizon Wireless

  31. Public Safety Issues/Concerns • Police Department • Federal Cops Hiring Grant Expiring $223,214 • Funds Will Be Expended by May 23, 2014 for 2-FTE (Patrol) • Funding for These Positions Will Be Reallocated to Measure S Fund

  32. Public Safety Issues/Concerns • Fire Department • Measure S • Add Part Time Administrative Analyst $ 40,215 • Conversion Land Acquisition $350,000 Total $390,215 • SAFER Grant $439,271 • Funding for 4 Full Time Firefighters • Requires Minimum Staffing of 15- FT • 2-year funding authorization expires December 31, 2015

  33. Public Safety Unresolved Issues/Concerns • General Fund • Services & Supplies (Re-open Fire Station 74) $ 36,620 • PERB Labor Complaint • Two Issues on Appeal • Public Safety Employee Retirement Funding Contributions • Retroactive Fire Department Overtime

  34. Summary of Recommended Changes (Greater than $10,000) • Administrative Departments • WCCTAC Fees (estimated) $11,193 • Election Costs (November 2014) $16,000 • Part Time Administrative Secretary $21,860 • Retiree Health Insurance $15,327 • Pension Obligation Bond Payment $15,000 • City Attorney Fees ($92,251) • External Recruiting Support $20,000

  35. Summary of Recommended Changes (continued) • Police Department • Additions: • Police Computer Maintenance (MDC’s) $18,000 • Police Dispatch 911 System Support (AT&T) $16,500 • Additional Overtime Police Dispatch $10,000

  36. Summary of Recommended Changes (continued) • Fire Department • Reductions: • Salary Savings (new hires) ($70,408) • Fire Safety Clothing (Replacement) ($25,000) • Fire Vehicle Maintenance ($19,205)

  37. Summary of Recommended Changes (continued) • Fire Department • Additions: • Fire Dispatch Charges/Fees (Con Fire) $ 16,530 • Part Time Admin. Analyst $ 40,215 • Fire Chief Employment Benefits $ 51,737 • Increase Fire Dept. Overtime $ 127,844

  38. Summary of Recommended Changes (continued) • Public Works Department • Additions: • Contract Traffic Signal Maintenance (CCC & CalTrans) $27,500

  39. Recreation Fund • Revenues $1,115,770 • Including Donations/Fundraising Targets: • Sr. Center / Senior Foundation $40,000 • Youth Center / Pinole Youth Foundation $15,000 • General Recreation / City Sponsored Events $10,000 Total $65,000

  40. Recreation Fund • Revenues $1,115,770 • Expenditures $1,173,357 Current Period Shortfall $ 57,587 • Swim Center (external allocation) $ 45,000 • Recreation Fund Balance $ 12,587 $ 57,587

  41. Recreation Fund

  42. Pinole Community Television • Revenues $219,068 • Including: • Fundraising ($25,000) • Expenditures $270,533 Total Operating Deficit ($51,465) • Transfer-in • General Fund Allocation $ 9,375 • Carryover Funds Used $ 42,090 $51,465

  43. Development Services Fund • Revenues $403,867 • Expenditures $519,992 Total Operating Deficit ($116,125) • Carryover Funds Available $404,754 • Temporary & One-time Expenditures • General Plan Housing Element $ 30,000 • Part Time Permit Technicians $ 71,715 Combined Temporary $101,715

  44. Sewer Fund • Revenues $28,273,801 • Including: • Hercules WPCP Reimburse $ 1,665,874 • Hercules Facilities Upgrade $11,091,500 • Pinole Facilities Upgrade $11,091,500 • Pinole Ratepayers $ 4,409,657 • Pinole – Other Revenues $ 15,270

  45. Sewer Fund • Expenditures $27,230,013 • Plant Operations $3,331,747 • Collection System $ 961,440 • Capital Equipment $ 103,000

  46. Sewer Fund • Expenditures $27,230,013 Also Includes for Pinole Only: • Depreciation $ 580,000 • Debt Service $ 753,826 • WPCP Upgrade $21,500,000

  47. Sewer Fund

  48. Wastewater Treatment and Collection

  49. Successor Agency (RDA Close-out) • Redevelopment Close-out Activity $250,000 • Payment of Enforceable Obligations & Disposition of Residual Property • Administrative Staff Support Charges: • City Manager – • Administrative Oversight) $ 59,384 • Assistant City Manager – • (Property Disposal) $ 63,363

  50. Successor Agency (RDA Close-out) • Finance Director – Financial Mgmt/Reporting $ 59,390 • City Clerk – Administrative Support $ 53,611 Total Staffing Charges $235,748

More Related