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HomeMy WebLinkAboutStaff Report 460-09TO: HONORABLE CITY COUNCIL ATTENTION: FINANCE COMMITTEE FROM: CITY MANAGER DEPARTMENT: ADMINISTRATIVE SERVICES DATE: DECEMBER 15, 2009 CMR: 460:09 REPORT TYPE: ACTION SUBJECT: Recommendation Regarding Adoption of Ordinance Authorizing Closing of the Budget for the Fiscal Year Ending June 30, 2009, Including Reappropriation Requests, Closing Completed Capital Improvement Projects, Authorizing Transfers to Reserves and Approval of Comprehensive Annual Financial Report (CAFR) RECOMMENDATION Staff recommends that the Finance Committee review, provide input, and forward the attached ordinance (Attachment A) and associated exhibits to the City Council for its approval to: close the Fiscal Year (FY) 2009 Budget; authorize re -appropriation of FY 2009 funds into the FY 2010 Budget (Exhibits A & B); close completed capital improvement projects (Exhibit C); and transfer remaining balances to the appropriate reserves (Exhibits D & E for General Fund and Exhibits F & G for Enterprise Funds). In addition, staff recommends the Finance Committee review and forward to the City Council for its approval the City's Comprehensive Annual Financial Report (CAFR) (Attachment B). BACKGROUND The attachments to this report provide the necessary documents for closing the FY 2009 Budget and reauthorizing FY 2009 funds for the current FY 2010. In addition, they provide detailed information on the City's financial activities for FY 2009. This CMR highlights key fiscal issues affecting the City of Palo Alto. The Management Discussion and Analysis (MD&A) chapter of the CAFR (Attachment B) also provides a discussion and analysis of the City's current fiscal health and includes financial statements, and performance information that is compared to the prior year, and capital asset and debt administration data. CMR:460:09 Page 1 of 4 DISCUSSION Economy The weak economy has had a significant impact on key General Fund revenue sources. Key revenues have declined since FY 2008. Rising unemployment, tight credit markets and loss of consumer confidence have affected revenue streams and present significant financial challenges for the City. Due to worsening fiscal conditions, preliminary FY 2009 financials were discussed with Council on December 1, 2009. As discussed in those reports, these challenges are structural and must be addressed. Staff continues to work with City Council to address these challenges. Results by Fund General Fund For FY 2009, the General Fund had a year-end shortfall of $4.8 million. This shortfall was primarily due to our failure to achieve $4.8 million of targeted savings in salaries and benefits during the second half of the year (of the $8 million plan), because of a staff error in accurately tracking those targeted savings. That said, the error masked the fact that the City could not have achieved those savings and would have had to make future cuts or budget reductions. In order to balance the budget this FY, staff postponed a budgeted $4.8 million transfer to the Technology Fund. This one-time deferral was the General Fund share of technology cost allocations and it will be addressed in a four year funding plan. The final FY 2009 result for the General Fund is a net gain of $809,000 compared to a net gain of $3.0 million the prior year. The $2.2 million decrease was primarily due to revenue decreases in sales tax of $2.5 million, and documentary transfer tax of $2.2 million. The year-to-year difference would have been greater without the deferral of the GF technology transfer. The net gain of $809,000 reflects yearend accounting transactions and increases the Budget Stabilization Reserve. At the direction of the Finance Committee and pending full Council approval, staff will return to Council on December 14, 2009, with a Budget Amendment Ordinance (BAO) to transfer $809,000 to the Technology Fund from the General Fund Budget Stabilization Reserve in FY 2010 At fiscal yearend, the fund balance for the General Fund totaled $43.2 million. This was comprised of reserves for: Encumbrances, notes, prepaid expenses, unrealized gain and inventory $12.6 million Budget Stabilization Reserve $24.7 million Equity Transfer Stabilization Reserve $3.6 million Reappropriation Reserve $2.3 million Details of the GF are presented in Exhibit E and discussed in the MD&A pp. 14-16. Capital Projects Fund For FY 2009, the Capital Projects Fund reported $24.0 million in expenditures and other uses, an increase of $2.3 million from prior year. This level of expenditures is consistent with the City's effort to rehabilitate and maintain its existing infrastructure. The Capital Projects Fund balance totaled $36.0 million, a decrease of $2.3 million. As of June 30, 2009, the Infrastructure Reserve (IR) balance was $7.0 million, a decrease of $10.9 million from prior year, due to funds being committed to Council -adopted projects. The Encumbrance Reserve is $11.2 million, $6.9 CMR:460:09 Page 2 of 4 million higher than the prior year. Reappropriation Reserve balance increased by $1.7 million from prior year for a total of $17.7 million. A number of completed and closed projects with remaining balances at the end of FY 2009 totaling $211,000 will be returned to the Infrastructure Reserve. This provided an additional source of revenues to the IR. (MD&A p. 16). Overall, the following summarizes changes to the City's General and Capital Fund reserves: • The General Fund Budget Stabilization Reserve (BSR) is 17.4 percent of budgeted expenditures and operating transfers for FY 2010. This percentage is within the Council approved guidelines of 15 to 20 percent and shows a closing balance of $24.7 million, a decrease of $1.4 million from the prior year. • Budget transactions included in the attached ordinance decreased General Fund reserves by $34,000 (Exhibit A). • The Infrastructure Reserve has a final balance of $7.0 million at the end of FY 2009. Enterprise Funds The Rate Stabilization Reserves (RSRs) for the combined Enterprise Funds decreased by a net $28.5 million. Major changes include a $7.7 million decrease in the Water Fund. Primarily due to increased reappropriation reserves of $9.4 million for the Emergency Water Supply Project (CIP WS -08002), and a $7.6 million decrease in the Electric Fund, was primarily due to an $8.7 million increase for utility purchases and a $2.5 million increase in surplus energy costs. Cost increases resulted from the need to purchase high -cost power due to unfavorable weather conditions (that is, less hydropower available). Wastewater Treatment Fund had a decrease of $8.3 million for an ending balance of negative $15.6 million compared to a negative $7.3 million in prior year. The negative balance is due to an increase in reappropriation reserve of $11.6 million for the Disinfection Facility Improvement Program (CIP WQ-06014). The Refuse Fund had a decrease of $6.7 million for a negative ending balance of $2.9 million. The Refuse Fund's updated forecasted closure costs for the landfill resulted in $3.1 million of additional costs. The Refuse Fund also had increased encumbrance and reappropriation reserves of $1.1 million for the Relocation of Landfill Facilities Project (CIP RF-07001). The Storm Drain Fund had an increase of $286,000 but still has a negative ending balance of $1.1 million. The reserve was negatively impacted by a $510,000 operating reappropriation for customer rebates for innovative storm drain improvement projects. The Storm Drain capital project spending is decreasing; therefore, the additional increase in income due to the rate increase passed in April 2005 should return the reserve to a positive balance by the end of FY 2010. Exhibit G provides the balance changes for all reserve categories for the Enterprise Funds (MD&A p.17-18). At the end of FY 2009, a number of Enterprise Fund CIP projects were completed and closed (Exhibit C). The remaining balances of these projects reverted to their respective reserves. RESOURCE IMPACT Adoption of the attached budget -closing ordinance (Attachment A) allows for the re - appropriation and carryover of funding from the FY 2009 budget so that specific operating programs and capital projects can be completed in the current fiscal year (Exhibit B). In addition, by closing completed capital improvement projects, balances (Exhibit C) are returned to the original funding source for future appropriation. Exhibits D and F summarize financial results for CMR:460:09 Page 3 of 4 original funding source for future appropriation. Exhibits D and F summarize financial results for the General Fund and Enterprise Funds, respectively, by providing an analysis of the performance of these funds in comparison to the budget as adopted and adjusted by Council. Exhibit E reflects the changes to and status of major reserves. POLICY IMPLICATIONS This recommendation is consistent with existing City policies. ENVIRONMENTAL REVIEW The action recommended is not a project for the purposes of the California Environmental Quality Act. PREPARED BY: C TRU IKENBERRY Accounting Manager, Administrative Services Assistant Director, Administrative DEPARTMENT HEAD APPROVAL: CITY MANAGER APPROVAL: rvices or, Administrative Services ATTACHMENTS Attachment A: Budget Closing Ordinance Exhibit A — Detailed Changes to the Adjusted Budget Exhibit B — Fiscal Year 2009 Re -Appropriation Requests Exhibit C — Capital Improvement Projects Completed in FY 2009 and Closed in Fiscal Year 2010. Exhibit D — General Fund Summary Exhibit E — General Fund Reserve Summary Exhibit F — Enterprise Summaries Exhibit G — Enterprise Reserve Summary Attachment B: CAFR CMR:460:09 Page 4 of 4 ATTACHMENT A ORDINANCE NO. ORDINANCE OF THE COUNCIL OF THE CITY OF PALO ALTO AUTHORIZING CLOSING OF THE BUDGET FOR THE FISCAL YEAR ENDING JUNE 30, 2009 The Council of the City of Palo Alto does ordain as follows: SECTION 1. The Council of the City of Palo Alto finds and determines as follows: A. Pursuant to the provisions of Section 12 of Article III of the Charter of the City of Palo Alto and as set forth in Section 2.28.070 of the Palo Alto Municipal Code, the Council on June 9, 2008 did adopt a budget for fiscal year 2009; and B. Fiscal year 2009 has ended and the financial results, although subject to post -audit adjustment, are now available and are herewith reported in summarized financial Exhibits "A", "B", "C", "D", "E", "F", and "G" prepared by the Director, Administrative Services, which are attached hereto, and by reference made a part hereof. SECTION 2. Pursuant to Section 2.28.080 of the Palo Alto Municipal Code, the City Manager during fiscal year 2009 did amend the budgetary accounts of the City of Palo Alto to reflect: A. Additional appropriations authorized by ordinance of the City Council. B. Amendments to employee compensation plans adopted by the City Council. C. Transfers of appropriations from the contingent account as authorized by the City Manager. D. Redistribution of appropriations between divisions, cost centers, and objects within various departments as authorized by the City Manager. E. Fiscal Year 2009 appropriations which on July 1, 2008 were encumbered by properly executed, but uncompleted, purchase orders or contracts. Page 1 of 6 ATTACHMENT A SECTION 3. The Council hereby approves adjustments to the fiscal year 2009 budget for Fund Balancing Entries as shown on attached Exhibit "A". SECTION 4. The Council hereby re -appropriates fiscal year 2009 appropriations in certain departments and categories, as shown on the attached Exhibit "B", which were not encumbered by purchase order or contract, at year end into the fiscal year 2010 budget. SECTION 5. The fiscal year 2009 encumbered balances for the departments and categories shown on Exhibit "D" shall be carried forward and re -appropriated to those same departments and categories in the fiscal year 2009 budget. SECTION 6. The City Manager is authorized and directed: A. To close the fiscal year 2009 budget accounts in all funds and departments and, as required by the Charter of the City of Palo Alto, to make such interdepartmental transfers in the 2009 budget as adopted or amended by ordinance of the Council; and B. To close various completed Capital Improvement Projects (CIP) as shown in Exhibit "C" and move all completed CIP to their respective reserve funds indicated in Exhibit "G"; and C. To establish reserves as shown in Exhibits "E", "F" and "G" for all Funds as necessary to provide for: (1) A reserve for encumbrances and re - appropriations in the various funds, the purpose of which is to carry forward into the fiscal year 2010 budget and continue, in effect, the unexpended balance of appropriations for fiscal year 2009 departmental expenditures as shown in Exhibits "E" and "F"; and (2) Reserves for Advances to Other Funds, Stores Inventory, and other reserves in accordance with ordinance and policy guidelines as shown in Exhibit "E"; and Page 2 of 6 ATTACHMENT A (3) A reserve for general contingencies of such amount that the City Council has approved; and (4) Reserves for utilities plant replacement, rate stabilization, and other reserves in accordance with Charter and policy guidelines as shown Exhibit "G". D. To fund the Budget Stabilization Reserve in accordance with the General Fund Reserves Policy adopted by the City Council. SECTION 7. The Emergency Preparedness Fund is hereby decreased by Sixteen Thousand Five Hundred Twenty Nine Dollars ($16,529) as described in Exhibit "A". This transaction will change the Emergency Preparedness Fund Balance to $6,000. SECTION 8. The Public Services Donation Fund is hereby decreased by Ten Thousand Nine Hundred Eight Dollars ($10,908) as described in Exhibit "A". This transaction will change the Public Services Donation Fund Balance to $777,000. SECTION 9. The Child Care Fund is hereby decreased by Six Thousand Two Hundred Eighty Dollars ($6,280) as described in Exhibit "A". This transaction will change the Child Care Fund Balance to $335,000. SECTION 10. The Community Development Block Grant Fund is hereby increased by Twenty Nine Thousand Eight Hundred Dollars ($29,800) as described in Exhibit "A" This transaction will change the Community Development Block Grant Balance to $3,355,000. SECTION 11. The Housing In -Lieu Fees Fund is hereby decreased by One Hundred Thousand Dollars ($100,000) as described in Exhibit "A". This transaction will change the Housing In -Lieu Fees Fund Balance to $4,564,000. SECTION 12. The Local Law Enforcement Block Grant Fund is hereby decreased by Twenty Thousand Four Hundred Two Dollars ($20,402) as described in Exhibit "A". This transaction will change the Local Law Enforcement Block Grant Fund Balance to $1,000. Page 3 of 6 ATTACHMENT A SECTION 13. The Recovery Act JAG Fund is hereby decreased by Four Thousand Eight Hundred Twenty Dollars ($4,820) as described in Exhibit "A". This transaction will change the Recovery Act JAG Fund Balance to $24,000. SECTION 14. The Electric Supply Rate Stabilization Reserve is hereby increased by the sum of One Million Eight Hundred Six Thousand Three. Hundred Ninety Two Dollars ($1,806,392), as described in Exhibit "A". This transaction will change the balance in the Electric Supply Rate Stabilization Reserve to $41,442,000. SECTION 15. The Electric Distribution Rate Stabilization Reserve is hereby decreased by the sum of One Million Seven Hundred Nineteen Thousand Sixe Hundred Twenty Two Dollars ($1,719,622) as described in Exhibit "A". This transaction will change the Electric Distribution Rate Stabilization Reserve to $6,341,000. SECTION 16. The Electric Fiber Optics Sub -fund Rate Stabilization Reserve is hereby increased by the sum of Four Thousand One Hundred Thirty One Dollars ($4,131) as described in Exhibit "A". This transaction will change the Electric Fiber Optics Sub -fund Rate Stabilization Reserve to $6,436,000. SECTION 17. The Gas Supply Rate Stabilization Reserve is hereby increased by the sum of One Thousand Nine Hundred Forty Seven Dollars ($1,947) as described in Exhibit "A". This transaction will change the Gas Supply Rate Stabilization Reserve to $8,733,000. SECTION 18. The Gas Distribution Rate Stabilization Reserve is hereby increased by the sum of Thirty Seven Thousand One Hundred Thirty Three Dollars ($37,133) as described in Exhibit "A". This transaction will change the Gas Distribution Rate Stabilization Reserve to $4,449,000. SECTION 19. The Wastewater Collection Rate Stabilization Reserve is hereby increased by Fifty Four Thousand Four Hundred Eighty Dollars ($54,480) as described in Exhibit "A". This transaction will change the Wastewater Collection Rate Stabilization Reserve to $6,001,000. SECTION 20. The Water Rate Stabilization Reserve is Page 4 of 6 ATTACHMENT A hereby increased by the sum of Thirty Eight Thousand One Hundred Thirty Two Dollars ($38,132) as described in Exhibit "A". This transaction will change the Water Rate Stabilization Reserve to $5,400,000. SECTION 21. The Wastewater Treatment Stabilization Reserve is hereby increased by the sum of Six Hundred Eighteen Thousand Eight Hundred Ninety Eight Dollars ($618,898) as described in Exhibit "A". This transaction will change the Storm Drainage Rate Stabilization Reserve to ($15,602,000). SECTION 22. The Printing and Mailing Fund is hereby decreased by One Hundred Three Thousand Three Hundred Twenty Seven Dollars ($103,327) as described in Exhibit "A". This transaction will change the Printing and Mailing Fund Balance to $84,000. SECTION 23. The Technology Fund is hereby decreased by Six Hundred Fifty One Thousand Seven Hundred Three Dollars ($651,703) as described in Exhibit "A". This transaction will change the Technology Fund Balance to $8,366,000. SECTION 24. Upon completion of the independent audit, detailed financial statements reflecting the changes made by the Sections 7 through 23 of this ordinance shall be published as part of the annual financial report of the City as required by Article III, Section 16, of the Charter of the City of Palo Alto and in accordance with generally accepted accounting principles. SECTION 25. As specified in Section 2.28.080(a) of the Palo Alto Municipal Code, a two-thirds vote of the City Council is required to adopt this ordinance. SECTION 26. The Council of the City of Palo Alto hereby finds that the enactment of this ordinance is not a project under the California Environmental Quality Act and, therefore, no environmental impact assessment is necessary. SECTION 27. As provided in Section 2.04.330 of the Palo Alto Municipal Code, this ordinance shall become effective upon adoption. INTRODUCED AND PASSED: Page 5 of 6 ATTACHMENT A AYES: NOES: ABSTENTIONS: ABSENT: ATTEST: City Clerk Mayor APPROVED AS TO FORM: APPROVED: City Attorney City Manager Director of Administrative Services Page 6 of 6 Exhibit A CITY OF PALO ALTO FISCAL YEAR ENDING JUNE 30, 2009 BUDGET SUMMARY DETAIL CHANGES TO THE ADJUSTED BUDGET Fund Cost Center Comm. Item FY 2009 Year End Adj Description GENERAL FUND Use Changes Net Changes To (From) Reserves 17300000 32060 5,911 Transfer to fund training and safety 17300000 33450 10,618 Transfer to fund emergency meals 70191001 various 4,744 Transfer to fund special events 70191003 32070 6,164 Transfer to fund housekeeping 19300000 31070 3,490 Transfer to fund program and project contract services 19300000 39040 2,790 Transfer to fund print and mailing services 33,717 (33,717) Fund Balancing Entries 17300000 38500 (16,529) Decrease Changes in Other Fund Balance 19100000 38500 (10,908) Decrease Changes in Other Fund Balance 19300000 38500 (6,280) Decrease Changes in Other Fund Balance SPECIAL REVENUE FUNDS Community Development Block Grant 60232002 30010 15,938 Transfer to fund regular salaries Use Changes 15,938 23200000 38500 45,738 To correct posting of FY 2009 carryforward Corrections 45,738 Net Changes To (From) Reserves 29,800 Fund Balancing Entries 23200000 38500 29,800 Increase Changes in Other Fund Balance Housing In -Lieu Fees 60233002 35010 100,000 Transfer to budget for HTSCC grant funds Use Changes 100,000 Net Changes To (From) Reserves (100,000) Fund Balancing Entries 23300000 38500 (100,000) Decrease Changes in Other Fund Balance Local Law Enforcement Block Grant 70249001 31220 20,402 Transfer to fund instruction and training Use Changes 20,402 Net Changes To (From) Reserves (20,402) Fund Balancing Entries 70249001 38500 (20,402) Decrease Changes in Other Fund Balance Recovery Act JAG 70251001 31220 4,820 Transfer to fund instruction and training Use Changes 4,820 Net Changes To (From) Reserves (4,820) Fund Balancing Entries 70251001 38500 (4,820) Decrease Changes in Other Fund Balance ENTERPRISE FUNDS Electric Fund 20000021 39100 (80,378) To correct Utilities Administration charges 20000031 39100 (6,392) To correct Utilities Administration charges Page 1 of 3 Exhibit A CITY OF PALO ALTO FISCAL YEAR ENDING JUNE 30, 2009 BUDGET SUMMARY DETAIL CHANGES TO THE ADJUSTED BUDGET Fund Use Changes Net Changes To (From) Reserves Fund Balancing Entries Fiber Optics; Fund Use Changes Net Changes To (From) Reserves Fund Balancing Entries Gas Fund' Use Changes Net Changes To (From) Reserves Fund Balancing Entries Water Fund Use Changes Net Changes To (From) Reserves Fund Balancing Entries Wastewater Collection Fund Use Changes Net Changes To (From) Reserves Fund Balancing Entries Utilities Administration Fund Source Changes Wastewater Treatment Fund' Cost Center Comm. Item FY 2009 Year End Adj (86,770) 86,770 Description 20000020 38040 80,378 Decrease in Distribution RSR- Electric 20000030 38170 6,392 Increase in Supply RSR- Electric 20000081 39100 (4,131) To correct Utilities Administration charges (4,131) 4,131 20000080 38040 4,131 Increase Rate Stabilization Reserve 20000041 39100 (37,133) To correct Utilities Administration charges 20000051 39100 (1,947) To correct Utilities Administration charges (39,080) 39,080 20000040 38040 37,133 Increase in Distribution RSR- Gas 20000050 38170 1,947 Increase in Supply RSR- Gas 20000061 39100 (38,132) To correct Utilities Administration charges (38,132) 38,132 20000060 38040 38,132 Increase Rate Stabilization Reserve 20021202 38790 (33,797) To close CIP Project WC -01005 (Sewer Rehabilitation and Augmentation Proejct #14) 20000071 39100 (20,683) To correct Utilities Administration charges (54,480) 54,480 20000070 38040 54,480 Increase Rate Stabilization Reserve 20000002 19100 (188,796) To correct Utilities Administration charges (188,796) 50060201 38790 (600,000) To close CIP Project WQ-06013 (Sludge Ash Processing and Beneficial use) and return balance to reserve 50060201 38790 (16,898) To close CIP Project WQ-97070 (Wastewater Solids Disposal) and return balance to reserve Use Changes (616,898) Net Changes To (From) Reserves 616,898 Page 2 of 3 Exhibit A CITY OF PALO ALTO FISCAL YEAR ENDING JUNE 30, 2009 BUDGET SUMMARY DETAIL CHANGES TO THE ADJUSTED BUDGET Fund Fund Balancing Entries INTERNAL SERVICE FUND Printing &'Mailing Fund Use Changes Net Changes To (From) Reserves Fund Balancing Entries Technology Fund Use Changes Net Changes To (From) Reserves (651,703) Fund Balancing Entries 40070001 38300 (651,703) Decrease Reserve for Technology Cost Center Comm. Item FY 2009 Year End Adj Description 50060001 38040 618,898 Increase Rate Stabilization Reserve 40030202 30010 103,327 Transfer to fund regular salaries 103,327 (103,327) 40030001 38090 (103,327) Decrease Retained Earnings 40070003 30010 59,013 Transfer to fund regular salaries 40070301 30030 8,767 Transfer to fund temporary salaries 40070302 31050 180,365 Transfer to fund contract services various 31990 336,850 Transfer to fund other contract services 40070003 32260 233 Transfer to fund electrical 40070002 33020 1,500 Transfer to fund city membership 40070205 33040 52,703 Transfer to fund telephone and noncity utilities 40070003 33060 22 Transfer to fund travel and meetings various 33700 12,250 Transfer to fund temporary parking permit 651,703 Page 3 of 3 Exhibit B FY 2009 REAPPROPRIATION REQUESTS SUMMARY OF REQUESTS Total Requests Total Recommended $ 2,264,907 $ 2,264,907 $ 521,095 $ 521,095 $ 180,365 $ 180,365 $ 1,387,380 $ 1,387,380 $ 4,353,747 $4,353,747 $ AMOUNT INTENDED USE COMMENTS/REASONS FOR NOT COMPLETING IN FY 2009 STATUS City Manager's Office $111,500 Senior Games Sponsorship This reappropriation is being requested for a sponsorship agreement for the 2009 National Senior Games as approved by Council. When Council approved the agreement in March 2009, there was no appropriation of funds associated with the approval. The FY 2010 City Manager's Office budget does not have the funds to cover these one-time expenditures. As such, a reappropriation of savings is being requested from the FY 2009 budget to cover expenditures associated with the 2009 Senior Games to be held August 1-15, 2009. Recommended $111,500. There is sufficient balance in the Fiscal Year 2009 budget that can be reappropriated. Planning Department $32,107 Comprehensive Plan Amendment This reappropriation is being requested for the Comprehensive Plan Amendment. This project was the result of a colleague's memo to update the Comprehensive Plan through 2020 to identify future growth and ensure sufficient services to serve existing and future needs and address sustainability. The Comprehensive Plan Amendment is a multi -year project and this $32,107 budget balance needs to be reappropriated into FY 2010 for the ongoing project costs. Recommended $32,107. There is sufficient balance in the Fiscal Year 2009 budget that can be reappropriated. $17,500 Alternative Modes Program This reappropriation is being requested for the City's Bicycle Transportation Plan input into the Comprehensive Plan. Due to workload issues, this project was not completed in FY 2009. This project will be implemented in the Fall. Recommended $17,500. There is sufficient balance in the Fiscal Year 2009 budget that can be reappropriated. Page 1 of 5 $ AMOUNT INTENDED USE COMMENTS/REASONS FOR NOT COMPLETING IN FY 2009 STATUS $53,800 Study of parking permit program for College Terrace This reappropriation is being requested for the study of a residential parking permit program in College Terrace. On October 25, 2001, as a condition of their General Use Permit with Santa Clara, Stanford University paid $100,000 to the City for study of a residential parking permit program in College Terrace. Funds were held in a deposit account until they were ready for use. At mid -year FY 2009, the City Council authorized moving the funds into the Transportation Section budget and proceeding with the study. The $53,800 remaining is reserved specifically for that project to implement any recommendations adopted by the City Council. Staff will obtain Council approval of the program in July 2009, and implementation of the project will then begin. Recommended $53,800. There is sufficient balance in the Fiscal Year 2009 budget that can be reappropriated. $50,000 Speed Surveys This reappropriation is being requested for the completion of speed surveys to justify radar enforcement on Palo Alto streets. The California Traffic Control Device Committee sets the guidelines on how to perform the survey analysis. Staff wanted to wait for their decision so that the testing analysis would not be obsolete. Staff will proceed with the speed surveys because the California Traffic Control Device Committee did not make a decision until this Spring. Recommended $50,000. There is sufficient balance in the Fiscal Year 2009 budget that can be reappropriated. Non -Departmental $2,000,000 City Manager Housing This reappropriation is being requested for the purchase of a home for the City Manager. The City Manager expects to complete a home purchases in FY 2010. Recommended $2,000,000. There is sufficient balance in the Fiscal Year 2009 budget that can be reappropriated. Utilities Department- Fiber Optics Fund $11,000 Broadband Project This reappropriation is being requested for the development of a broadband project to attract federal stimulus funds. Council originally appropriated $300,000 to support negotiations with a consortium of firms that intended to bring fiber to the premises. The remaining balance of $11,000 is needed in the next fiscal year for technical assistance to pursue federal stimulus funds. Recommended $11,000. There is sufficient balance in the Fiscal Year 2009 budget that can be reappropriated. Page 2 of 5 $ AMOUNT INTENDED USE COMMENTS/REASONS FOR NOT COMPLETING IN FY 2009 STATUS Public Works Department- Storm Drainage Fund $510,095 Storm Drain Innovative Improvements This reappropriation is being requested for customer rebates for innovative storm drain projects. Annually since FY 2006, CIP SD- 06105 Storm Drain Innovative Improvements has been funded for innovative storm drain projects on public and private property. Rebates are provided for projects that protect storm water quality and reduce the quantity of storm runoff. Funding has been more appropriately moved from the capital budget to the operating budget, and the remaining balance needs to be reappropriated to provide funding for future rebates along with those in process. Recommended $510,095. There is sufficient balance in the Fiscal Year 2009 budget that can be reappropriated. Administrative Services Department- Technology Fund $180,365 Application Software Replacement This reappropriation is being requested for application software replacement. With the increased workload during the technical upgrade of SAP and the migration of the utility billing system, some work needed to be reprioritized as staff was not able to complete all of the plans for FY 2009. Among the items that are planned to be addressed are the migration of GIS data from the Utilities Engineering group to the Enterprise GIS, the completion of the Information Technology Strategic Plan update, upgrading of software for the Budget Division and potentially performing modifications to the City's web site as identified by the Public Web Committee. Recommended $180,365. There is sufficient balance in the Fiscal Year 2009 budget that can be reappropriated. Page 3 of 5 CAPITAL I IMPROVEMENT AfiOUNT PROJECTS (CIP) E` P `itT �x3 {'a� `3 S $/ i , Ci?M 'L TIN T Police Department PD -07000 $400,000 Mobile Command Vehicle This reappropriation is being requested because staff has concluded that a mobile command vehicle could be designed to act as a back-up 911 center during a major disaster and could be used as a regional asset but the cost is more than the original budget. Additional funding of $300,000 is anticipated with the recent approval of $150,000 from the Homeland Security Grant Program (HSGP) and $150,000 from Bay Area Urban Area Security Initiative (UASI) program. Recommended $400,000. There is sufficient balance in the Fiscal Year 2009 budget that can be reappropriated. Fire Department FD -08001 $60,000 Fire Station #6 Improvements This reappropriation is being requested to remodel the station kitchen and adjoining dayroom which are well used and show extreme wear and safety issues. Recommended $60,000. There is sufficient balance in the Fiscal Year 2009 budget that can be reappropriated. Planning Department PL -07000 $60,000 Traffic Calming- Downtown North Traffic Circles- Hardscape In 2004, the City installed traffic calming measures in the Downtown North. In 2005, after an evaluation of the measures, the City Council accepted them as a permanent installation, with the additional direction that hardscape be installed on the traffic circles. This project was delayed due to staffing vacancies in the Planning and Transportation Division. Recommended $60,000. There is sufficient balance in the Fiscal Year 2009 budget that can be reappropriated. Page 4 of 5 CAPITAL IMPROVEMENT PROJECTS (CIP) Planning Department PL -07001 $837,380 Intermodal Transit Station This reappropriation is to provide funds for the conceptual plan, final design, and implementation of connectivity improvements in the vicinity of the Palo Alto Intermodal transit center. The Metropolitan Transportation Commission (MTC) was in the process of developing a way finding plan for the station area and the City did not want to duplicate their efforts. This project will focus on areas not covered by the MTC plan such as lighting improvements on the pathways to and from the station area. Recommended $837,380. There is sufficient balance in the Fiscal Year 2009 budget that can be reappropriated. Planning Department PL -07003 $30,000 Caltrain Station Connectivity Improvements Projects This reappropriation is to provide funds for the conceptual plan, final design, and implementation of connectivity improvements in the vicinity of the Palo Alto Intermodal transit center. The Metropolitan Transportation Commission (MTC) was in the process of developing a way finding plan for the station area and the City did not want to duplicate their efforts. This project will focus on areas not covered by the MTC plan such as lighting improvements on the pathways to and from the station area. Recommended $30,000. There is sufficient balance in the Fiscal Year 2009 budget that can be reappropriated. Page 5 of 5 Exhibit C City of Palo Alto CAPITAL IMPROVEMENT PROGRAM PROJECTS vm an ose1 2 PROJECT NUMBER PROJECT TITLE PROJECT BALANCE General Fund AC -02024 CA -01014 FD -09002 LB -94018 OS -07002 OS -07003 OS -99005 PD -07001 PD -99013 PE -00101 PE -00105 PE -01013 PE -01021 PE -04011 PE -05300 PE -06004 PE -06008 PE -06012 PE -07002 PE -07003 PE -07006 PE -07009 PE -07011 PE -08002 PE -89004 PE -96008 PE -98003 PE -99006 PF-00020 PF-01005 PF-04001 PF-06003 PF-07010 PF-09001 PF-90018 PG -00010 PG -04010 PG -07000 PG -08001 PL -02023 PL -99023 Children's Theater System 0 Community Services Facility Lighting Enhancements 0 Jaws of Life Hurst Tool Replacement 221 Library Automation Service 159 Foothills Interpretive Center & Maintenance Yard Parking Lot 0 Foothills Park Maintenance Building Rehabilitation 1,718 Cubberley Athletic Field Irrigation 0 SWAT Van Replacement 0 Police Records Management System 6,027 Foothills Park Vista Hill 0 Embarcadero Road Median Improvements 2,973 El Camino Median Landscape Improvements 512 Homer Avenue Undercrossing 0 Cambridge Parking Structure Improvements 0 Arastradero Preserve Gateway 844 Bowden Park Improvements 0 Johnson Park Improvements 0 Cubberley Landscaping Improvements 0 Hoover Park Improvements 0 Ramos Park Improvements 0 Boulware Park Improvements 0 Baylands Athletic Center Fencing and Dugout 36,404 Library Service Model Analysis 0 Peers Park Improvements 82 Yacht Harbor Improvements 10,016 Downtown Urban Design Improvements 0 Mitchell Park Facilities Improvements 75,064 MSC Feasibility Study (Pub Bldg -MSC Seismic Ret.) 0 Office Space Renovation and Construction 0 . Lucie Stern Community Center Improvements 0 General Buildings Study 0 Cubberley Community Center Fire Alarm System 0 Main Library Improvements 0 Downtown Library Mechanical and Electrical Upgrades 0 Cubberley Building Code Construction 0 Park Facilities Improvements 0 Stanford / Palo Alto Playing Fields 0 Heritage Park Playground Public/Private Park 0 Golf Course Driving Range Turf and.Netting 47,165 South El Camino Master Schematic Design 0 Page Mill / Hanover Intersection Improvements 0 Total $ 181,185 * General Fund CIP Projects were identified as closed in FY 2009. The balance of these projects will be returned to reserve in FY2010 midyear. Internal Service Fund TE-88022 VR-06800 Computer Aided Mapping MTBE Investigation at Fire Station 2 Total 0 0 $0 1 Exhibit C City of Palo Alto CAPITAL IMPROVEMENT PROGRAM PROJECTS sei PROJECT NUMBER Wastewater Collection Fund WC -01005** Wastewater Treatment Fund WQ-06013** WQ-97070** PROJECT TITLE PROJECT BALANCE Sewer System Rehabilitation and Augmentation Project 14 33,797 Sludge Ash Processing and Beneficial Use Wastewater Solids Disposal Project **Projects are closed. No expenditures were incurred in the current fiscal year. $33,797 600,000 16,898 $616,898 2 Exhibit D Revenues Property Taxes Sales Taxes Utility Users Tax Transient Occupancy Tax Other Taxes, Fines & Penalties Charges for Services Permits & Licenses Charges to Other Funds Rental Income Other Revenues Add: Operating Transfers In Prior Year Encum & Reapprop Totalotat Source of Tunds Expenditures Administrative Departments Community Services Fire Library Planning Police Public Works Non-Departmental/School Site otal Add: Operating Trans Out NOS 2008-09 Allocated Charges CAFR Reconciliation: 2008-09 Adopted Budget 2008-09 Adjusted Budget 23,510 25,098 22,402 20,015 10,783 11,024 8,424 7,250 8,816 5,816 20,849 19,938 5,767 5,160 10,952 10,999 13,426 13,121 3,965 4,251 17,490 18,333 21,600 21,918 24,260 24,212 6,570 6,607 10,419 10,621 29,831 29,077 13,859 13,758 7,980 8,834 2008-09 CAFR Basis Rev/Exp 25,445 20,089 11,030 7,111 5,440 19,769 4,310 16,008 17,450 21,904 5,988 9,505 26,965 10,065 6,863 Current year encumbrance/reappropriations Prior year encumbrance/reappropriations Current year stores adjustment Prior year stores adjustment 2008-09 Encum+ Reapprop 2008-09 Budgetary Rev/Exp 25,445 20,089 11,030 7,111 5,440 19,768 4,310 11,168 13,646 6,044 17,718 21,677 23,765 6,502 10,483 28,464 13,489 8,866 5,920 (4,460) (24) 37 CAFR Net Income 809 2008-09 Variance Adj Budget 347 74 6 (139) (376) (170) (850) 169 525 1,793 (75) 615 241 447 105 138 612 269 (32) 3 x,398 Page 1 of 1 Exhibit E GENERAL FUND RESERVE SUMMARY ($000s) FISCAL YEAR 2009 Balance Net From Balance 06/30/08 Operations @ 06/30/09 CAFR Fund Balance Less: Encumbrances Reappropriations Adjustment for Stores 0•erations 42,415 809 (3,816) 157 (648) (1,617) 37 13 43,224 (3,659) (2,265) 24 4 BOW Budget Stabilization Reserve Reserve For Infrastructure Improvements Notes Receivable Reserve Stores Inventory Reserve Prepaid Reserve Unrealized Investment Gain/Loss Reserve Reserve For Equity Transfer Stablization Reserve For Emergencies Adjustment for Stores Operations Adjustment for Stores Inventory Encumbrance Adjustment for Stores Operations FOR s N�,� �q X 26,102 0 2,255 2,999 2,032 1,035 3,528 0 (37) (1,355) 24,747 0 0 (727) 1,528 174 3,173 (257) 1,775 1,406 2,441 108 3,636 0 0 13 (24) `37,2r 0 24 Page 1 of 1 Exhibit F WATER FUND ($000) FY 2008 FY 2009 FY 2009 $ Variance Actual/Enc Adjusted Actual/Enc Favorable Rea. 'ro Budget Reappro. (Unfavor.) REVENUE Water sales Other revenues Bond Proceeds Reappropriations / Enc 25,975 26,519 26,686 167 3,301 1,991 2,788 797 35,000 (35,000) 3,666 11,673 11,673 TOTAL REVEL f4 EXPENSES Purchases Other Expenses 8,363 12,175 TOTAL OPERATING EXPENSES 20,538 Capital Expenses Principal Payments 14,988 340 8,859 8,413 15,446 14,579 446 867 24,305 22,992 1,313 26,104 26,110 351 351 (6) 1T NSES 7 )7 IM) REs 29)'. ELECTRIC FUND REVENUE Electric retail sales Electric wholesale sales Other revenues Bond Proceeds Reappropriations / Enc FY 2008 Actual/Enc Reapprop 90,833 25,173 1,350 8,922 FY 2009 FY 2009 $ Variance Adjusted Actual/Enc Favorable Budget Reapprop (Unfavor.) 103,402 105,483 2,081 23,031 24,452 1,421 7,551 7,551 1CLREVENUE n=; t278'.1: EXPENSES Purchases NCPA & TANG Debt Svc Other Expenses 71,065 87,318 82,348 4,970 8,554 8,892 8,086 806 40,725 45,352 43,453 1,899 TOTAL OPERATING EXPENSES 120,344 141,562 133,887 7,675 Capital Expenses Principal Payments 15,768 14,974 16,743 (1,769) 100 100 100 XPEI 7 9i Page 1 of 4 Exhibit F FIBER OPTICS FUND FY 2008 FY 2009 FY 2009 $ Variance Actual/Enc Adjusted Actual/Enc Favorable Rea. pro. Budget Rea. prop (Unfavor.) REVENUE Revenues Reappropriations / Enc 3,186 3,796 182 182 610 ISOM 0 EXPENSES Operating Expenses TOTAL OPERATING EXPENSES Capital Expenses 1,554 1,710 (156) 1,554 1,710 (156) 482 691 (209) LrOtAL<E ,E t4� (365) 1 TTY%{ R Prior to Fiscal Year 2009 the Fiber Optics Fund was reported in the Electric Fund. GAS FUND REVENUE Gas retail sales Gas wholesale sales Other revenues Reappropriations / Enc FY 2008 FY 2009 FY 2009 $ Variance ActuaUEnc Adjusted Actual/Enc Favorable Reapprop Budget Reappro • (Unfavor.) 48,100 50,489 47,425 (3,064) 2,261 1,376 2,062 686 7,515 8,287 8,287 - TOTAL REVENUE EXPENSES Purchases Other Expenses 27,220 12,564 TOTAL OPERATING EXPENSES 39,784 Capital Expenses Principal Payments 13,632 415 28,011 25,091 2,920 15,334 13,580 1,754 43,345 38,671 4,674 15,856 17,953 (2,097) 429 429 rir L EX' 1 ,6317_ 5 7a TO/(FROM SERVE 2 Page 2 of 4 Exhibit F WASTEWATER COLLECTION FUND FY 2008 FY 2009 FY 2009 $ Variance Actual/Enc Adjusted Actual/Enc Favorable Reap.ro. Budget Reapprop (Unfavor.) REVENUE Revenues Reappropriations / Enc 16,627 15,326 15,468 5,966 6,845 6,845 142 ITC (lL REVEI 41 EXPENSES Sewer Treatment Exp. Operating Expenses 7,056 4,814 TOTAL OPERATING EXPENSES 11,870 Capital Expenses Principal Payments 10,229 55- 7,539 6,131 1,408 5,397 4,785 612 12,936 10,916 2,020 10,413 11,246 58 58 (833) Tt TaAL EXP N- 1-TO/(ROM) i i SERV WASTEWATER TREATMENT FUND REVENUE Operating Revenues Restricted Bond Proceeds Loan Proceeds Reappropriations / Enc Bonded Reappro/Encum ,OTA Yi FY 2008 Actual/Enc Reapprop 23,905 9 4,879 23,804 17 FY 2009 FY 2009 $ Variance Adjusted ActuallEnc Favorable Budget Reapprop (Unfavor.) 21,250 23,814 2,564 20,000 15,733 17 2,210 (17,790) 15,733 17 41` 74 (1,5,226 EXPENSES Operating Expenses 16,696 TOTAL OPERATING EXPENSES 16,696 Capital Expenses Principal Payments 30,252 355 18,863 15,570 3,293 18,863 15,570 3,293 37,173 34,577 2,596 367 367 - XP i3 :TOi FR WES 37)1 Page 3of4 Exhibit F REFUSE FUND REVENUE Revenues Reappropriations / Enc EXPENSES Payments to PASCO Other Expenses FY 2008 Actual/Enc Reapprop FY 2009 FY 2009 $ Variance Adjusted Actual/Enc Favorable Budget Reapprop (Unfavor.) 29,850 32,835 30,022 (2,813) 884 1,874 1,874 734 789 t2 9,276 9,527 9,504 23 20,994 23,432 26,334 (2,902) TOTAL OPERATING EXPENSES 30,270 32,959 35,838 (2,879) Capital Expenses 1,000 3,890 2,720 1,170 • • REVENUE Revenues Reappropriations / Enc TOTAN. (2EVEN,UE EXPENSES Operating Expenses TOTAL OPERATING EXPENSES Capital Expenses Principal Payments ;` O/(FROM):i'RESER? FY 2008 Actual/Enc Reapprop 5,346 2,295 2,379 2,379 8,472 360 FY 2009 FY 2009 $ Variance Adjusted Actual/Enc Favorable Budget Reapprop (Unfavor.) 5,685 5,824 4,683 4,683 olcit4 0,50 3,132 2,418 3,132 2,418 6,865 7,418 385 385 139 9 714 714 (553) Page 4 of 4 Exhibit G RESERVE SUMMARY ($000) FISCAL YEAR 2009 Water Electric Fiber Optics Gas WWC Refuse Storm Total Beginning Reserves $14,706 $131,712 $5,859 $13,461 $6,908 ($4,702) $4,468 ($1,384) $171,028 To (From) Reserves (8,306) (13,244) 1,577 721 93 [ (8,740) (6,662) 286 (34,275) "'• E 7 F.3+ �• 4`P ^� '.` - was 3 tL;\ S& � n ing .R a&.: . .... r r'�.... i� ;r#6$r. 6 7,001.. s. ?} { �..... 1,098) ,. 36,r _ Adj Budgeted Reserves 14,400 126,467 5,127 13,022 6,738 (1,147) 3,676 (1,377) 166,906 % of Budgeted Reserves 44% 94% 145% 109% 104% 1172% -60% 80% 82% RESERVE DETAIL FISCAL YEAR 2009 Water Electric Fiber Optics Gas WWC Refuse Storm Total Rate Stabilization General RSR Supply RSR Distribution RSR Total RSR Emergency Plant Replace Calaveras Underground Loan Conservation Loan Water Resources Board Shasta rewind Loan Central Valley Project Public Benefit Program .fl $5,400 $6,436 $6,001 ($15,602) ($2,844) ($1,098) ($1,707) 41,442 8,733 50,175 6,341 4,449 10,790 5,400 47,783 6,436 13,182 6,001 (15,602) (2,844) (1,098) 59,258 1,000 1,000 1,000 1,000 1,000 2,160 7,160 64,535 64,535 717 717 153 4,280 650 650 153 4,280 RATE STABILIZATION RESERVE FISCAL YEAR 2009 Water Electric Fiber Optics Gas WWC Refuse Storm Total Beginning RSR To(from) RSR i='tiding RSR'` $13,111 $55,418 $5,859 $12,133 $6,027 ($7,285) $3,832 ($1,384) $87,711 (7,711) (7,635) 577 1,049 (26) (8,317) (6,676) 286 (28,453) 4t78) . `...6,436 . 131.`52 ;�;O�f x(' 5;602}���2844} `:(1,Q9g}` <.'� 5r2S8 RSR Minimum RSR Maximum 5,321 47,834 536 13,839 2,737 3,236 2,757 N/A 76,260 13,303 99,292 1,341 31,111 6,844 6,472 5,515 N/A 163,878 RSR % of Maximum 41% 48% 480% 42% 88% -241% -52% N/A 36% Page 1 of 1