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HomeMy WebLinkAboutStaff Report 479-09TO: FROM: DATE: SUBJECT: City of Palo Alto City Manager's Report HONORABLE CITY COUNCIL 28 CITY MANAGER DECEMBER 14, 2009 DEPARTMENT: ADMINISTRA TIVE SERVICES CMR: 479:09 Approval of the Finance Committee Recommendation to Approve a Budget Amendment Ordinance (BAO) to Transfer $809,000 from the General Fund Budget Stabilization Reserve (BSR) to the Technology Fund in Fiscal Year 2010 RECOMMENDATION Staffcrecommends that the City Council: 1. Approve the attached BAO to transfer from the General Fund Budget BSR to the Technology Fund in the amount of $809,000, which represents the General Fund's Fiscal Year 2009 year end surplus. 2. Allow for the BSR to temporarily drop below the Council approved minimum) 5 percent of General Fund expenditures. BACKGROUND On December I, 2009, staff presented the Finance Committee with a preview of the 2009 Fiscal Year-end financial results for the General Fund (GF} The FY 2009 General Fund Budget included a mid-year budget savings and reduction plan of $8 million. The December 1 Finance Committee Report focused on our failure to achieve $4.8 million of targeted savings in salary 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. The error was not discovered until after the close of the fiscal year and as staffbegan work on the year end closing in preparation for the audit. The effect of this error was a year end shortfall of$4.8 million in the General Fund. Since the City is required to have both a balanced General Fund budget and balanced budget by department at year end, staff recommended deferring the 2009 General Fund transfer to the Technology Fund, which also was $4.8 million. This action resulted in a balanced budget at year-end closing. By the time of the final closing, the net shortfall was reduced to $4.0 million due to final year-end audit adjustments that came after the deferral of transfers from the CMR:479:09 Page I of4 Technology Fund. Consequently, a positive $809,000 balance was left in the General Fund (Attachment A: CMR:434:09). As a solution to cover the shortfall and balance the Fiscal Year FY 2009 budget, staff proposed the postponement of a budgeted $4.8 million GF cost allocation transfer to the Technology Fund (TF). These adjustments are currently reflected in the FY 2009 Comprehensive Annual Financial Report (CAFR). DISCUSSION At the December I, 2009 Finance Committee meeting ASD staff presented a recommendation for the year-end closing to resolve the savings shortfall that led to the $4.8 million deficit. The recommendation was to forgo a $4.8 million cost allocation transfer from the General Fund to the Technology Fund for fiscal year 2009. The transfer was not made in order to cover the unrealized salary and benefit savings and to ensure that any final audit adjusting entries could be made. An alternative could have been to draw down the General Fund's Budget Stabilization Reserve (BSR) by $4.8 million. The primary reason for staffs recommendation to forgo the cost allocation transfer from the General Fund is to maintain a healthy BSR. It will also help with reserve levels that will factor into the upcoming issuance of debt for the Library Bonds. By making the adjustment to the budget, rather than drawing on reserves, staff was able to maintain a healthy reserve level in the BSR. This demonstrates to the rating agencies that we are able to maintain strong reserves in the face of continuing fiscal uncertainty now and in the future. The importance of this is to reaffirm the City's AAA rating, resulting in a better interest rate and savings in rate costs. The Finance Committee expressed disappointment that staff did not inform them earlier in the process, or before the finalization of the external CAFR audit, to allow for discretion in the decision to draw down the BSR or forgo the Technology Fund transfer. In addition, the Finance Committee expressed a desire to return the General Fund's FY 2009 surplus of $809,000 to the Technology Fund, adjusting the ending reserve balance to $860,000 instead of the $51,000 that would have remained. Fiscal Year 2010 Budget (Current Year) The BAO action recommended by the Finance Committee amends the current FY 201 0 budget. At the December 1 Finance Committee meeting ASD, staff recommended to replenish the $4.8 million over a four year period in increments of $1.2 million beginning this year, FY 2010. The Finance Committee made a motion to approve staffs recommendation to close out the 2009 Fiscal Year by eliminating the transfer to the Technology Fund and to recommend to the full Council a Budget Amendment Ordinance in the FY 2010 Budget to fund the Technology Fund with the $809,000 excess from FY 2009, plus any amount necessary to fund all of the technology expenditures planned for FY 2010. This motion was passed unanimously by the Finance Committee. Funding for the planned and budgeted Technology Fund CIP projects will not be disrupted since the General Fund is making its full budgeted contribution of $5.1 million in FY 2010 (current year) and therefore addresses the Finance Committee's concern to maintain the 2010 capital projects at the adopted level. Technically the $809,000 million transfer from the General Fund is not needed to ensure adequate funding in 2010. However, it can be used to replenish the Technology Fund reserve. The Council may want to consider adding funding of $416,000 CMR:479:09 Page 20f4 million with the midyear budget to reach the amount of $1.2 million to be consistent with the four-year plan to replenish the Technology Fund. The $809,000 million draw from the BSR will drop the balance to $21.2 million or 14.9 percent of the 2010 adopted budget expenditure budget. The Council BSR policy calls for a minimum of 15 percent, so staff requests Council approval to temporarily reduce the BSR below the Council approved policy. The FY 2009 fiscal closing BAO will be presented to the City Council in January 2010 and will increase the BSR by $2.6 million, resulting in a 16.7 percent reserve level and well within the Council approved guidelines of a minimum of 15 percent and maximum of 20 percent. '. The projects listed below are from the Technology Fund)s FY 2010 Capital Improvement Plan (CIP). This can be found in the Capital Improvement Fund Financial Summary of the FY 2010 Adopted Capital Budget. Staff will discuss and seek approval from the Finance Committee and the Council for any adjustments to project funding or to schedule it in the future. The $5.1 million the General Fund will transfer to the Technology Fund covers operating costs plus capital costs. The budgeted CIP for 2010 is as follows: _P_r_o,,-~e_c_t _N_o_. ____ D_escription PRJ TE-02015 Citywide GIS Data PRJ TE-05000 Radio Infrastructure PRJ TE-07000 Enterprise Application Infr Upgrade PRJ TE-08002 Electronic Patient Care Report PRJ TE-l 0000 Collections Software PRJ TE-I000l Utilities Billing Improvement Total FY2010 Adopted Other Revenue Sources Tech Fund Contribution FY2010 Adopted Budget 258,632 200,000 135,000 20,000 79,800 250,000 943,432 (588,616) 354,816 During the December 1, 2009 Finance Committee meeting, the ASD director mentioned that several projects were being delayed as a result of the foregoing of the transfer to the Technology Fund. The projects mentioned included the Library RFID and Radio Infrastructure. As a clarification, none of the 2010 Technology projects were requested to be deferred. Those projects mentioned were for future years. RESOURCE IMPACT Approval of the attached Budget Amendment Ordinance will transfer $809,000 from the General Fund Budget Stabilization Reserve to the Internal Service Fund-Technology Fund Reserve. As a result of this change) the Budget Stabilization Reserve will be reduced from $22 million to $21.2 million. ENVIRONMENTAL REVIEW This is not a project for the purposes of the California Environmental Quality Act. CMR:479:09 Page 3 of4 PREPARED BY: Director CITY MANAGER APPROVAL: ATTACHMENTS Attachment A: CMR:434:09 Fiscal Year 2009 General Fund Discussion and Fiscal Year 2010 Financial Results as of November 20,2009 Attachment B: Budget Amendment Ordinance CMR:477:09 Page 4 of 4 TO: ATTENTION: FROM: DATE: SUBJECT: ATTACHMENT A HONORABLE CITY COUNCIL FINANCE COMMITTEE CITY MANAGER DECEMBER 1,2009 DEPARTMENT: ADMINISTRATIVE SERVICES CMR: 434:09 Fiscal Year 2009 General Fund Discussion and Fiscal Year 2010 Financial Results as of November 20, 2009 RECOMMENDATION Staff recommends: 1. That the Finance Committee review and provide input on the General Fund financial results for FY 2009 and preliminary results for FY 2010, including staff's proposed financial plans for each of the two fiscal years. 2. After Finance Committee review, direct staff to present this report to the full Council in January 2010. BACKGROUND Staff is providing the 2009 fiscal year-end financial results for the General Fund (GF) earlier than usual due to the severe downturn in the economy and the impacts it has caused to the City's financial position. Because of a higher than anticipated budget gap in Fiscal Year (FY) 2009, staff is presenting year-end results in this report and will provide the final audited financial statements to the Finance Committee December 15. Looking at the current fiscal year, the continuing economic downturn requires revisiting revenue and expense performance and potential options to close a higher than expected year-end budget gap. In the FY 2010 budget process, a $10 million General Fund deficit was identified. This gap was closed with a three pronged approach that relied on one-time reductions, program cuts, and reductions in employee benefits and salaries. The latter was achieved through reductions in benefits to SEIU and management employees and a postponement of a police union salary increase. Unfortunately, these reductions of approximately $10 million have proven insufficient to stem the tide of declining revenues and the City is facing an additional $5.4 million deficit. This deficit could continue to grow if revenues do not remain stable in the second half of this fiscal year. CMR:434:09 Page 1 of 13 The City· of Palo Alto is not alone in facing this disturbing situation. The cities of San Francisco and Oakland have already pared their budget several times and are likely to face additional future drops in property taxes. Jurisdictions up and down the Peninsula are facing fluid, if disruptive revenue environments in which multiple budget adjustments are needed. Moreover, the size and nature of the revenue shortfalls, such as shifts in consumer spending patterns, likely require long- term structural expense changes. An updated Long Range Financial Forecast (Attachment A) is provided to show the projected deficits the City faces in FY 2010 and beyond. DISCUSSION Fiscal Year 2009 General Fund Results The drop in key revenue sources in FY 2009 required midyear budget adjustments to OF revenues and expenditures. Early in the year, staff estimated the FY 2009 budget deficit to be $8 million and a plan was implemented to close this gap. The adjustments made to revenues at midyear were close to projections. Unfortunately, however, the adjusted expense budget underestimated expenditures at year end and resulted in a OF deficit of $4.8 million (in addition to the $8 million projection). This additional shortfall was mentioned briefly during the October 5, 2009 Council meeting, but since staff did not have the specific data reviewed by the outside auditor at that time, it has not been discussed in detail until this report. The components of the shortfall are outlined in the following table and explained below. Table 1 FY 2009 General Fund Deficit Summary ~S~a_Ia_n_'e_s __________ ~($-2~,1_0Q~,0-0~0)~--~ Overtime Police ($ 650,000) Fire $ 250,000) ($1,800,000) $4,800,000) Salaries The salary line item was over budget due to a miscalculation in the amount of expected salary savings. The adopted operating budget includes an annual factor for salary savings. These savings result from 1) an expected vacancy rate or the number of positions that are not filled at any given time throughout the fiscal year; and 2) a salary expense "cushion" resulting from salaries being budgeted at the top step compared to actual salaries that are, for many employees lower (e.g., new hires). During the midyear budget process, staff included a second round of salary savings that did not materialize. The miscalculation was not recognized in time to make additional expense adjustments. Staff has implemented monthly variance reports, as well as other controls, to avoid such occurrences in the future. CMR:434:09 Page 2 of 13 Overtime Overtime costs in the Police and Fire departments exceed the budget every year due to vacancies, disabilities, minimum staffing requirements, and staffing of Station 8 for fire protection in the summer and emergencies. In a typical year, these overages are covered by salary savings citywide or in the public safety departments. With the salary savings factor overestimated, however, the savings were not there to absorb the overtime excess. Therefore, the $900,000 in excess overtime 'for these two departments contributed to the FY 2()09 deficit. It should be noted that Stanford University reimburses 30.3 percent of all operating expenditures including overtime and the State of California provided reimbursements for Fire Strike Team activities. The $900,000 is not offset by these reimbursements. The City will receive these reimbursements in FY 2011. Benefits The City has a General Benefit Fund (GBF) from which it pays its benefit expenses such as medical and workers compensation costs. This fund, like other Internal Service Funds (e.g., Technology, Vehicle), typically carries a positive balance in the form of retained earnings which covers operations and project or capital needs. In the past, the balance in retained earnings in the General Benefits Fund helped cushion against year-end benefit expense adjustments. Specifically, workers compensation and general liability costs, which reflect yearend actuarial adjustments (based on incurred but not reported expenditures) can fluctuate considerably but are not known until year end as they are ~ased on the volume and severity of claims. In most years, the OBF and the Fund's retained earnings are sufficient to cover unexpected liabilities as well as any overages in other benefit categories such as medical premium expenses. Anticipating that retained earnings in the GBF were sufficient to cover benefit expenses in FY 2009, General Fund benefit expenses were held constant from FY 2008 to FY 2009. This practice has been implemented in past budget years in an effort to keep a reasonable balance between retained earnings balances in the GBF and what expenses are budgeted in and allocated to OF departments each year. Disappointingly, benefit expenses at the end of FY 2009 came in $1.8 million over budget due to higher than anticipated claims. Establishing an annual budget depends on a number of variables that can be difficult to predict and are subject to change. In high performing years, the City has enjoyed considerable cushion in its budget that has allowed midyear adjustments with negligible impact on the bottom line. In times of sustained economic downturn, cushions such as higher than anticipated revenues, are no longer present. Margins that are extremely tight due to falling revenues, low Internal Service Fund reserve balances, and prior expense reductions have become tighter and more difficult to maintain. Of the $4.8 million FY 2009 deficit shown in Table 1, only the $2.1 million in underestimated salary expenses could have been foreseen at midyear (midyear report was presented to the Finance Committee on March 10) and later. The remaining expenditures, on the other hand, are finalized at year-end and thus sufficient data is not available for earlier adj ustments. CMR:434:09 Page 3 of 13 Budget Balancing Plan for Fiscal Year 2009 In order to solve the $4.8 million deficit for FY 2009, staff proposes postponing a budgeted $4.8 million transfer to the Technology Fund. This will have the effect of lowering GF expense and eliminating the General Fund deficit. This one-time deferral will reduce the Technology Fund's retained earnings to $51,000 net of encumbrances and re-appropriations. The $4.8 million transfer will result in planned technology projects such as radio infrastructure improvements and library RFID implementation being delayed. In addition, technology infrastructure replacement schedules will need to be revisited and adjusted accordingly. As a consequence of this action, the Technology Fund is at an exceptionally low balance and will need to be replenished via future transfers from the GF so as to not severely impact technology operations. Currently, repayment over a four year period is being contemplated. The only other immediately available option to solve the deficit would be to draw down the General Fund Budget Stabilization Reserve, but since the City is experiencing extremely volatile economic conditions which have implications for FY 2010 a reserve drawdown in FY 2009 is not recommended. Fiscal Year 2010 Financial Results To Date On September 8 and October 5 (CMR: 394:09 and CMR 358:09 in Attachment B), staff informed Council of potential further deterioration in General Fund revenues and the possible need for budget adjustments in excess of the $10 million in reductions already incorporated in the Adopted FY 2010 Budget. Due to the extended recession, City revenues will fall significantly below budget in FY 2010. Since FY 2008, sales, transient occupancy, documentary, and interest income have fallen by a combined $8.2 million. In addition, permit, golf course fee, and traffic fine revenue also have dropped by $1.1 million since FY 2008 due to the economic environment. Cumulatively, this represents a $9.3 million downward swing in GF resources over two years and it has caused an additional budget deficit for FY 2010 which is estimated now at $5.4 million. Attachment C shows the performance of revenues through November 20, 2009 relative to the budget. Due to the timing of payments (e.g., sales and property taxes) and seasonal factors, these results must be viewed cautiously. Revenue Performance in FY 2010 Sales Tax Sales Tax revenue is the General Fund's third highest revenue equaling 14 percent of its resources. In recent years sales tax has become a highly volatile and fragile source of City income. Whereas FY 2008 actual revenues were $22.6 million; it now appears the City will realize $17.7 million in FY 2010. This represents a $5 million or 22 percent decline in a very short period of time. To place it in perspective, this $5 million drop equals 77% of the FY 2010 Library budget. The projected $17.7 million in sales tax revenue is $2.0 million below the FY 2010 Adopted Budget. The primary cause for the decline is economic and the secondary cause is a dramatic decrease in the amount remitted by the State in its semi-annual "triple flip" payments for FY 2010. With the exception of one economic segment (electronic equipment), all sales tax segments -autos, department stores, miscellaneous retail, furniture/appliance had dreadful results in the second quarter. In fact, all of these areas had the lowest "benchmark year" performance in this quarter compared to 8 prior "benchmark year" quarters (a benchmark year is the current quarter reporting period plus the prior 3 quarters). New auto sales fell to $1.1 million CMR:434:09 Page 4 ofl3 compared to $1.8 million in the second quarter of 2007. For the same periods, department store sales have fallen from $2.7 million to $2.2 million, while miscellaneous retail sales dropped from $1. 9 million to $1.5 million. Even the normally resilient restaurant sector has turned downward. The City'S outside sales tax consultant believes that sales taxes may fall as much as 15 percent in the upcoming third quarter compared to the prior third quarter. This would be consistent with the prior 2 quarters and would not bode well for the critical fourth quarter holiday sales season. Furthermore, on October 14, the State notified jurisdictions of lower "triple flip" payments. Whereas the State advanced the City $5.7 million in FY 2009, in FY 2010 its payment dropped to $4.3 million, a 24.6 percent reduction. While there is a solid rationale for reducing the City's "triple flip" payment given the economy and statewide sales tax receipts dropping by 20.8% in the second quarter, the State seems to have underestimated what the City will realize in sales taxes at year end by around $0.4 million. The State eventually will reconcile its payments to actual results for FY 2010, but not until the following fiscal year. In contrast, the State's "triple flip" payment to the City for FY 2009 was higher than justified by actual results. Since the State reconciles its payments to actual results in the following fiscal year, consequently the "true up" for FY 2009 will result in a $0.8 million reduction in payment for FY 2010. By adopting the "triple flip" payment system to solve its budget dilemmas, the State has further complicated sales tax projections. Transient Occupancy Tax (TOT) City TOT revenues have been soft. Revenues from January through June 2009 were 29 percent below those of the prior year. In July 2009, revenues were below July 2008 by 21.3 percent. The Senior Games did have a salutary impact in that August revenues were only 8.7 percent below the previous August; but September's results resumed this sector's weak trend line being 21 percent below September 2008. Based on performance to date, a downward adjustment of around $0.2 million will be recommended at midyear. With the Federal Open Market Committee (FOMC) keeping interest rates low for a longer than expected period, the City'S interest income has declined. Although short-term interest rates on Treasury instruments are close to zero percent, the City is earning nearly 4 percent on its portfolio. This rate of return is a consequence of earlier, long-term investments that have not yet matured. This rate will decrease and staff believes a downward adjustment in inc,ome of $0.2 million is necessary. Property and Documentary Transfer Taxes Property taxes are tracking close to budget and are expected to be on target at year end. Despite a weak housing market, property values in Palo Alto have remained relatively stable. There are indications from the County, however, that a large number of commercial properties throughout the County are filing for reassessments which will lower future property tax receipts. No hard numbers are available at this time, but an impact on this revenue category can be expected in the next few years. Although the transfer tax has fallen from $5.4 million in FY 2008 to $3.1 million in FY 2009, receipts from July through October are only slightly lower compared to the same period of the CMR:434:09 Page 5 of 13 prior year. This may indicate that the bottom of this revenue source has been reached and will hold steady until year end. At this time, the budget of $2.8 million in FY 2010 for the transfer tax appears realistic and will likely be increased to $2.9 million at midyear. Utility Users Tax Results to date indicate the telephone tax will exceed estimates, while utility related revenues will be lower than anticipated. The net result is that this revenue source will likely be adjusted upward at midyear by around $0.2 million. Parking Violation Revenue The City has collected$OA million or 20 percent of the $2.0 million budgeted in Parking Violations to date. The number of first quarter citations issued is 29 percent lower than previous first quarter results, while, due to a decline in downtown occupancy and the slowdown of retail spending, the number of vehicles monitored has decreased 16 percent. Based on the 16 percent checked for compliance, year end Parking Violation revenue is projected to be $1.5 million, or $0.5 million short of budget. Staff will be reevaluating the cost recovery levels of the program and make recommendations to balance revenues and expenses. Permits Permit processing has declined approximately 14 percent or $0.6 million. Although the valuation of projects submitted for permit issuance is higher than the prior year, stricter lending qualifications and conservative spending practices have lengthened the time applicants require to finalize their projects. While some permit fees are collected at the beginning, most are recognized when the permit is finally issued. Projects that do not go to completion do not pay the costs of processing their permits part way. This collection system should be reevaluated to ensure that the program is covering its costs throughout the permit process. Plan Checking Fees Fees for the processing of applications have declined approximately 14 percent due to the recession. This line item is expected to be decreased at midyear by $0.3 million. Golf Course Revenue The economic environment has affected the number of golf rounds played in Palo Alto and throughout the industry. The projection for FY 2010 of 76,000 rounds at the course is being revised downward to 72,000 rounds, thus reducing revenues by an estimated $0.2 million. CSD is examining ways to keep the golf course competitive with other nearby municipal golf courses. It will be important to develop a long-term plan for the golf course (which is in need of additional maintenance and upgrades) given the significant drop in rounds and as the associated costs of running and maintaining the course continue to increase. It is important to note that the Golf Course suffered a $0.3 million loss in FY 2009. Staff will return during the fiscal year with further recommendations on how to address the golf course deficits and a long-term plan. Class Registration Fees The Community Services Department (CSD) experienced a 6 percent decline in program and camp registrations this summer, demonstrating that the recession has had an impact on class and program activity. CSD fee revenue will be adjusted downward at midyear by approximately CMR:434:09 Page 6 of 13 $0.4 million. The department is working with class producers to look at new programs and revamp old ones by using evaluation information from participants. CSD will look at new methods of marketing (including banners through the city, school flyers and e-mail blasts from Friends groups). Cost recovery levels will need to be reviewed and difficult policy decisions made regarding programs that may not be recovering their costs or are being duplicated by surrounding competition. The City is likely at a point where it will no longer be able to sustain the number of Community Services programs offered, and a prioritization of programs will be needed with input from all stakeholders. Other Revenues This revenue source includes facility rentals, special events fees, and other miscellaneous revenues. It will be decreased by approximately $0.3 million, due to an economy related decrease in demand for these services. Attachment D shows, in considerable detail, GF revisions to revenue projections for FY 2010 and FY 2011 based on the discussion above. Expense Performance in FY 2010 With the exception of overtime, regular salary expenses are in line with their budgeted levels. This is supported by the discussion below on the salary savings expected in FY 2010 due to vacanCIes. These savings represent one of the proposed steps for solving the expected year-end deficit. Overtime Expenditures Compared to Adjusted Budget General Fund Overtime Analysis: The following chart shows total overtime expenditures reaching 73 percent of the adjusted budget on a citywide basis while straight line usage would indicate 39 percent usage through November 20. The table below shows that Fire, Police, and Public Works Departments are the principal departments exceeding their budget. CMR:434:09 Page 7 of 13 Table 2: FY 2010 General Fund Overtime As of November 20 CITY OF PALO ALTO FISCAL YEAR 2010 MIDYEAR FINANCIAL REPORT AS OF NOVEMBER 20, 2009 GENERAL FUND OVERTIME (In thousands of dollars) I Adopted I Adjusted % of Categories Budget Budget Actual Adj Budget City Attorney City Auditor City Clerk 7 7 City Council City Manager 3 3 Administrative Services 45 45 12 27% Community Services 105 105 42 40% Library 58 58 22 38% Fire 1,018 1,018 1,041 102% Human Resources 4 4 Planning and Community Environment 67 67 18 27% Police 1,000 1,000 568 57% Public Works 113 113 75 66% Total Overtime 2,420 2,4201 1,7781 73% • The Fire Department has used 102 percent of its annual overtime budget through November 20, 2009. This is due to Station #8 staffing ($0.2 million) and Medic-l staffing ($0.1 million), with the remaining amount of $0.7 million resulting from backfill for minimum staffing requirements due to sick leave, vacations, and workers' compensation light duty assignments. • The Police Department's has used 57 percent of its annual overtime budget. The customary work of busy shifts, case writing, investigations, and court appearances on off days as well as an increase in the 9-1-1 dispatch center as more senior Police Dispatchers train newer employees are the cause of Police exceeding budget to date. Traffic control services at Stanford football games and other events are partially offset by reimbursements from the university and organizations. • The Public Works department has used 66 percent of its overtime budget. The department has had limited staffing in custodial and maintenance areas and has used overtime to maintain minimum service levels. The department is currently using limited hourly personnel to assist with custodial and maintenance services. Overtime costs are expected to rise further as the temporary salary budget is exhausted. This department's OT budget is small in comparison to the Fire and Police departments. CMR:434:09 Page 8 of 13 For historical and more detailed information on public safety overtime costs see Attachment E. Budget Balancing Plan for Fiscal Year 2010 Although department expense budgets, as a whole, are within their expected target range, the dramatic fall in revenues requires immediate action to achieve a balanced budget. The following table shows the revenue adjustments discussed above and the actions recommended to close the expected $5.4 million gap. These actions are explained below .. Table 3: FY 2010 Proposed Budget Balancing Plan Revenue Impacts -OOOs- Sales Taxes -2,005 Parking Violations -460 Fees/Permits -1,551 Return on Investments -238 r----otherRevenue -186 Increases in Specific Revenues 144 Total Revenue Impacts -4,296 Expense Impact -1,131 Total GF Impact -5,427 Expense Offsets -Proposed Salary savings -hiring freeze 1,500 Public Safety Building 2,700 Budget Stabilization Reserve 1,279 Repayment of the IT Loan -1,225 Non-Salary Savings 1,000 $3 Million Solution Salary and Benefit Ga p to Offset 173 Total Proposed Offsets 5,427 Net Change 0 Salary Savings Staff is now monitoring salary savings due to vacant positions on a monthly basis. The General Fund's has 622.51 Full-Time Equivalents (FTE) of which there are currently 45 vacant FTE. Should the City maintain this vacancy rate, an estimated $4.1 million in savings can be realized by year end. Of the 45 FTE, however, 10 positions are considered critical for public health and safety and operations will be filled. This will reduce the vacancy savings by approximately $1.0 million. In addition and because of overtime costs annually exceeding budget, anticipated salary CMR:434:09 Page 9 of 13 savings must be further reduced by $1.6 million. The net anticipated vacancy or salary savings at year end is anticipated to equal $1.5 million at year end. Attachment F shows these savings by department. Public Safety Building It is proposed that the remaining encumbrance for the public safety building capital project be reduced by $2.7 million. These funds were designated for completing design work and since this project has been postponed and there is no land currently identified for the building, it is recommended they be returned to the original source of funding the General Fund's Budget Stabilization Reserve. This project will then retain $0.3 million to allow for evaluation of alternative facilities. Budget Stabilization Reserve The extraordinary economic conditions, precipitous fall in revenues, and time required for implementing further expense reductions, cause staff to reluctantly recommend a one-time draw on the General Fund Budget Stabilization Reserve (BSR) of $1.3 million. With the City's participation in the California Securitization Program (CMR 413:09), the $2.5 million property tax "loan" by the State (cited in CMR: 394:09) that would have required a draw on the Budget Stabilization Reserve has been neutralized. The City will now receive bond proceeds through the Program at the time property taxes are deducted from the State, thereby keeping the GF whole. The one-time $1.3 million drawdown will reduce the BSR to $24.6 million or 17.4 percent of budgeted expenditures. City policy requires that the BSR remain at a minimum of 15% of expenditures. If the reserve falls below this level the policy will need to be amended or an exception will need to be approved by the Council. Having a healthy level of reserves is critical for emergencies or severe economic dislocations such as the one we are enduring. Therefore, it is appropriate to use it in FY 2010. In future years, however, additional expenditure reductions or revenue enhancements will be required to avoid drawing down the BSR below required minimum levels (see Attachment A -the Long Range Financial Forecast). Additional FY 201 0 Budget Reductions and Expenses To minimize the draw on the BSR, staff will attempt this fiscal year to find $1.2 million in non- salary and other savings. Contracts, travel and training, and materials and services will be scrutinized to achieve this before year end. Staffhad hoped to find such savings in FY 2009 (to offset the $1.131 million expense impact cited in Table 3 above), but was unable to identify them. Without these reductions, an additional draw on the BSR may be needed. This will be a challenging but necessary exercise to close the anticipated gap. Because of the $4.8 million drawdown on the Technology Fund in FY 2009, it is important to replenish the Technology Fund. To do so requires a $1.2 million annual payback over four years. This payment is reflected in the Table 3 above. FY 20 I 0 and Future Fiscal Year Challenges Although staff believes that if all of the above budget solutions are implemented and revenues do not further decline, a balanced budget would result at year end, the tenuousness of the economy and uncontrollable expenses such as general liability losses and workers compensation could CMR:434:09 Page 10 of 13 further adversely impact the budget. The City has already made repeated and painful expense reductions to balance its budget beginning with the dot.com bust and earlier and there are only more painful reductions left. Meanwhile, the City faces sizeable, new expense challenges. The Long Range Financial Forecast (LRFF) presented to Council on October 5, 2009 (CMR: 394:09) has been updated based on recent revenue and expense data. The Net Operating Surplus (Deficit) line in the forecast for FY 2010 shows a deficit of $5.4 million in FY 2010. Below this line are the recommended solutions (discussed above) to solve the projected deficit. Even with the solutions proposed for FY 2010, the General Fund still shows continuing Net Operating Deficits in Fiscal Years 2011 through 2020. Compounding these deficits are additional costs and liabilities the City will face in the near future. These "below the line" liabilities and costs cause the City'S deficit to equal $5.6 million in FY 2011 and to grow considerably until 2020. These include: 1) CalPERS will increase retirement contributions from participating jurisdictions starting in FY 2012 due to significant losses in its investment portfolio. The City of Palo Alto estimated increases will rise from an additional $1.0 million in FY 2012 to $5.4 million in FY 2015. 2) The annual contribution towards the citywide employee retiree medical liability will rise by $1.4 million per year with the General Fund's share at $0.7 million 3) The new library and community center expansions and rehabilitations require approximately $1.0 million in incremental annual operating expenses beginning in FY 2013. 4) The current rate of funding from the General Fund and Infrastructure Reserve, which is around $9 million per year, is about $6 million less than what is required to fund the $302 million infrastructure backlog or liability. Moreover, the Infrastructure Reserve balance currently stands at $6.4 million and is expected to decline to $2.7 million in FY 2011. New revenues or a reallocation of expenses are necessary to fund needed infrastructure work. Offsetting these deficits, but not included in the LRFF, are the savings from certain benefit changes implemented for SEIU and management employees. These include a second tier retirement plan (2 percent at 60) for new employees and an employee contribution to medical expenses that is to take effect in FY 2011. Similarly, the City will need to seek salary and benefit savings from Fire and Police whose costs represent 39 percent of the GF's budget. It should be noted that the CalPERS Board recently adopted a plan to share excess reserves in the preferred provider organization health plan with local agencies by providing a two month "premium holiday." This results in a savings to the General Benefit Fund of approximately $0.7 million citywide in FY 2010. Given the minimal balance in the GBF, staff proposes that these savings be used to bolster the Fund's balance in preparation for any year end unanticipated liability expenses. CMR:434:09 Page II of 13 The recommendations to balance the FY 2010 budget primarily consist of one-time adjustments (e.g. draw on reserves, vacancy savings) to get us through the current fiscal year. During this time, the Council, community, and staff will need to address the long-term deficits the City faces. In addition to further contributions by employees" expense reductions will be necessary and must involve prioritizing City programs. Also, additional revenues must be explored. During the FY 2010 budgeting process, the Finance Committee discussed what has come to be known as "Tier Two" reductions (Attachment G). These reductions were placed in abeyance until such time as a clearer revenue picture emerged in FY 2010 and need now to be revisited. In addition, and because of the magnitude of the City's financial challenges, a list of near, medium, and long-term alternatives are presented to foster further discussion of how to balance the General Fund's budget (Attachment H). It is important to note that many of these options have significant policy ramifications and/or legal or other obstacles. They are being introduced at this time, however, as examples of issues to discuss and with the expectation that they will generate other related solutions. The Executive Leadership Team (ELT) has scheduled a retreat to take a comprehensive look at these initial recommendations and it is expected that this list will undergo further refinement before it is presented to the full Council. EL T will examine the best practices identified in a recent League of California Cities publication ("Municipal Fiscal-Health Contingency Planning," Western City, pp. 18-23) to plan for the difficult cost reduction process ahead and for proposals to Council. General strategies recommended include, for example: o Proposing reductions that reflect the fewest service impacts to the community o Describe service impacts and make process transparent to all involved parties o Crafting operating expenditure reductions that are real and feasible o Reductions must be ongoing and net of any related revenues, fees or grants o Maintain essential facilities, infrastructure and equipment at reasonable levels Once EL T develops a process and identifies possible reductions, staff will propose these to Council. Conclusion Critical revenues sources have declined by a total of $9.3 million since FY 2008. The recovery in these revenues is expected to take multiple years, and it is entirely possible that some revenue sources never regain the levels reached in peak years. Beginning in FY 2010 the City has taken proactive measures to begin paring back its expenses. By establishing a two-tier retirement structure and requiring employees to contribute to medical expenses (still to be negotiated with Fire and Police unions), the City has taken a major step toward addressing its unsustainable expense structure. But there is considerable work ahead. Even with the current year deficit closed, expenses will outpace revenues in each future year. The City must decide how to cut those expenses back -which programs and services are lowest priority. This is likely a multi- year process. CMR:434:09 Page 12 of 13 RESOURCE IMPACT The discussion in this report and the financial results depicted in the LRFF indicate impacts to the City's General Fund. ENVIRONMENTAL REVIEW This is not a project for the purposes of the California Environmental Quality Act. PREPARED BY: DEPARTMENT HEAD APPROVAL: CITY MANAGER APPROVAL: ATTACHMENTS Assistant Director of Administrative Services ~ LALOPEREZ Director of Administrative Services JAMES KEENE City Manager Attachment A: Long Range Financial Forecast Attachment B: CMR:394:09 Fiscal Year 2010 Budget Update CMR:358:09 Review of Preliminary FY 2009 Revenue Analysis Attachment C: Fiscal Year 2010 General Fund Financial Report as of November 20 Attachment D: General Fund Revenue Changes for FY 2010 and 2011 Attachment E: Police and Fire Departments Public Safety Overtime Analysis for Fiscal Years 2005 through 2009, with Fiscal Year 2010 Data through November 20,2009 Attachment F: FY 2010 Salary Savings by Department Attachment G: Tier 2 Reductions Attachment H: Budget Reduction Options CMR:434:09 Page 13 of 13 CITY OF PALO ALTO LONG RANGE FINANCIAL FORECAST General Fund ($000) Attachment A /rom Other Funds I Ne;:lotialed Savings from Mgmt.iProf. Subtotal: Salaries and Benefits Contract Services Supplies & Materials General Expense Rents, leases, & Equipment Allocated Expenses Other Activities Additional Retirement Contribution Increase 1'1 Retiree Medical Cost Increase library Operaling Cost Increase Infrastructure Contribution Increase Technology Fund Repayment Public Safety Bldg. Budget Savings Non-salary RedUCtIOns to be Determined Salary & Benefit Reductions 10 be Negotiated Vacant Posilions Salary Savings Drawdown on Budget Stabilizalion Reserve FY2009 FY2010 FY2010 FY2011 FY2012 FY2013 FY2014 FY2015 FY2016 FY2017 FY2018 FY2019 FY2020 Actual 20,089 $ 19,650 $ 17,645 25,445 11,030 7,111 5,440 7,796 2,008 17,246 11,483 25,752 11,250 7,000 5,633 7,857 1,900 15,352 10,643 25,778 11.417 6,850 5,274 7,857 1,662 15,235 10,PM 17,982 26,379 12,513 6,987 5,390 8,166 1,646 15,484 10,799 18,430 $ 18,983 $ 19,647 $ 20,434 $ 21,200 $ 21,941 $ 22,599 $ 23,051 $ 23,588 27,325 28,379 29,689 31,136 32,735 34,337 35,936 36,804 37,879 13,156 13,676 13,973 14,703 15,486 16,328 17,200 18,071 18,966 7,140 7,344 7,656 8,019 8,420 8,799 9,085 9,344 9,631 5,510 5,656 5,828 6,016 6,187 6,338 6,418 6,484 6,592 8,529 1,676 15,764 11,078 8,940 1,724 13,977 11,392 9,356 1,785 14,330 11,785 9,818 1,852 14,695 12,260 10,306 1,923 15,070 12,755 10,820 2,002 15,456 13,274 11,360 2,053 15,854 13,815 11,932 2,095 16,264 14,382 12,533 2,163 16,686 14,930 141,472 142,138 137.840 140,631 145,600 147.939 153,127 159,569 166,341 173,248 180,037 186,061 192,523 62,104 63,512 63,512 64,007 66,074 67,309 69,271 72,002 74,841 77,792 80,860 84,049 87,365 (3,000) 29,477 91,581 10,100 3,023 9,008 1,014 10,287 32,205 92,717 9,076 3,547 10,193 1,212 14,316 (794) (1,222) (806) 32,205 92,895 10,Q76 3,547 10,193 1,212 14,316 (1,225) 2,700 1,000 173 1.500 1,279 (1,222) (806) 32,935 94,914 9,604 3,480 9,870 1,213 14,613 (735) (1,225) 967 (1,246) (822) 34,713 98,718 9,951 3,532 10,121 1,231 14,832 (1,031) (735) (250) (1,000) (1,225) 986 (1.271) (839) 36,772 101,971 10,120 3,592 10,385 1,252 15,084 (2,774) (735) (1,000) (2,000) (1,225) 1,006 (1,310) (864) 38,715 105,813 10,373 3,682 10,681 1,283 15,462 (4,963) (735) (1,000) (2,000) 1.036 (1.362) (898) 40,769 110,511 10,684 3,793 11,002 1,322 15,925 (5,389) (735) (1,000) (2,000) 1,078 (1,416) (934) 42,943 115,433 11,005 3,906 11,330 1,362 16,403 (5,756) (735) . (1,000) (2,000) 1,121 (1,473) (972J 45,243 120,590 11,335 4,023 11,670 1,402 16,895 (6,140) (735) (1,000) (2,000) 1,166 (1,532) (1,010) 47,668 125,986 11.675 4,144 12,020 1,445 17,402 (6,542) (735) (1,000) (2,000) 1,212 (1,593) (1,051) 50,245 131,650 12,025 4,269 12,381 1,488 17,924 (6,963) (735) (1,000) (2,000) 1,261 (1,657) (1,093) 52,963 137,578 12,386 4,397 12,665 1,532 18,462 (6,963) (735) (1,000) (2,000) 1,311 --------------------------------------------------------------------------~ Subtotal· Other Activities GRAND NET SURPLUS (DEFICIT) ) In FY 2010, $2.8 million In budgeted salary savings realized. an additional $185 thousand in savings still needs to be achieved Police union (PAPOA) deferred their FY 2010 negotiated salary Increase of $0.8 million to FY 2011 Based on current 2.7% @ 55 fonnula Assumption of no salary Increase for SEIU and MgmtJProf.ln FY 2010 and FY 2011 and no salary increase for Firefighters (IAFF) in FY 2011 Attachment A CITY OF PALO ALTO LONG RANGE FINANCIAL PLAN General Fund ($000) , ' , PERCENTAGE CHANGES IN FORECAST FOR REVENUES AND EXPENSES 0<, ' " '" FY 2009 FY 2010 ABFY 2010 PB FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 % % % % % % % % % % Change % Change % Change Change Change Change Change Change Change Change Change Change % Change trom Ulher Funds (11.20%) 10.23% 7.24% (10.85%) (30.88%) (3.79%) (5.43%) 12.40% (10.04%) (4.36%) 1.32% (2.86%) 2.24% (2.26%) Salaries ~ 2.77% & Benefit Reductions to .NegOtiated (1) Salary Increase Deferral 2) Savings from SHU 2009.x1s Exhibits 1-3 (4.54%) 0.30% 7.37% (0.10%) (1.83%) (10.58%) (30.39%) (43.21%) 46.73% (9.96%) (0.01%) 115.38% (39.58%) (2.19%) (12.17%) 1.21% 1.31% 1.99% 3.51% (lo56%) (3.67%) 3.55% (3.05%) 0.25% 7.57% 0.78% (3.11%) (2.44%) 0.78% 1.91% 2.33% 9.60% 2.00% 2.20% 3.42% 4.82% 3.93% (5.38%) (10.98%) (7.32"1.) (17.23%) (0.96%) (11.66%) 1.63% (7.31%) 1.46% 2.49% 3.59% 5.14% 2.19% 2.23% 3.34% 7.38% 4.45% 3.00% 3.86% 3.95% 2.86% 2.65% 3.46% 1.87% 4.82% 1.82% 2.86% 1.81% (11.34%) 2.58% 2.83% 3.50% 4.62"k 2.17% 4.25% 3.04% 3.72% 2.91% 4.65% 3.54% 2.53% 3.45% 4.01% 4.87% 5.22% 4.74% 3.23% 4.58% 3.94% 4.94% 3.75% 2.55% 4.03% 3.75% 5:14% 5.33% 5.00% 2.84% 4.63% 3.94% 4.97% 3.83% 2.55% 4.04% 3.50%' 3.00% 4.89% 4.66% 5.44% 5.34% 4.50",(, 3.25% 2.44% 1.26% 4.42% 3.95% 4.99% 4.11% 2.56% 4.07% 3.98% 3.94% 4.99% 2.55% 2.58',(, 4.08% 2.00% 2.42% 5.06% 2.85% 1.03% 2.76% 4.29% 5.04% 2.05% 2.59% 4.10% (1.12%) (4.59%) 3.17% 3.68% 1.42% 3.51% 4.23% 4.28% 4.17% 3.89% 3.23% 11.64% 11.64% (4.86%) 2.58% 2.83% 3.46% 4.03% 4.04% 4.06% 4.08% 4.10% 0.47% (2.57%) 2.02% 3.53% 1.61% 3.51% 4.21% 4.24% 4.15% 3.92% 3.35% 2.27% 0.99% 2.06% 3.23% 1.87% 2.91% 3.94% 3.94% 3.94% 3.94% 3.94% N/A N/A N/A N/A N/A 9.25% 9.25% 2.27% 5.40% 5.93% 5.28% 5.31% 5.33% 5.36% 5.36% 5.41% 1.24% (10.14%) 17.33% 13.15% 19.53% 39.17% 4.84% (40.56%) (12.49%) 0.38% (50.00%) 0.90% 1.43% 2.17% (0.24%) (2.70%) 17.33% (1.B9%) 13.15% (3.17%) 19.49% 0.12% 39.17% 2.07% 4.010/. 1.50% 1.50% 2.55% 1.50",(, 1.50"1. 3.29% 1.70% 1.70% 2.61% 1.70% 1.70% 3.77% 2.50% 2.50% 2.85% 2.50% 2.50% 4.44% 3.00% 3.00% 3.00% 3.00% 3.00% 4.45% 3.00% 3.00% 2.99% 3.00% 3.00% 4.47% 3.00% 3.00'k 3.00% 3.00'k 3.00'k 4.47% 3.00% a.OO'k 3.00',(, 3.00',(, 3.00'k 4.50% 3.00% 3.00',(, 3.00'k 3.00% 3.00'k 5.78% 1.25% 3.36% 2.90% 3.43% 4.03% 4.05% 4.06% 4.07% 4.09% (40.56%) 37.55% 4.04% 4.15% 4.26% (12.49%) (53.04%) (6.36%) 3.00'1. 2.97% 0.36% (0.54%) (13.99%) (19.07%) (0.40%) (50.00'k) 0.00% 4.00% 4.00'k 4.00',(, 4.38% 4.48% 2.94% 2.91% 0.68% (0.31%) 4.00'k 4.00% 4.60% 2.94% 0.15% 0.00% 4.70% 2.91% (0.10',(,) O.OO'k 4.8O'k 2.88',4, 0.31% 0.00% 1.73% 1.39% 3.15% 2.84% 3.46% 4.03% 4.04% 4.06% 4.08% 4.11% 2.33% 3.81% 3.42% 3.81% 3.47% 3.95% 5.41% 4.50% 3.00r- 3.00% 2.3O'k 3.00'k 3.00'k 4.05% 4.90% 3.00% (69.04%) 0.00% 3.81% Attachment A Budget Stabilization Reserve Beginning Balance To/(From) Reserves CAFR adjustments One-time Only Increases/(Decreases) Ending Balance % of Total Expenditures LRFP 2009.xls Exhibits 1-3 with IR CITY OF PALO ALTO LONG RANGE FINANCIAL PLAN General Fund ($000) , GENERAL FUND RESERVE SUMMARY ($000) , Adopted Projected FY 2009 FY 2010 FY 2010 FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 $ 26,102 $ 24,637 $ 24,637 $ 24,637 $ 19,012 $ 11,519 $ (1,369) $ (15,333) $ (29,660) $ (44,243) $ (59,272) $ (75,192) $ (93,134) 645 49 0 (5,625) (7,493) (12,887) (13,964) (14,327) (14,583) (15,029) (15,919) (17,942) (18,842) 1,581 0 0 0 0 0 0 0 0 0 0 0 0 (3,691) 0 0 0 0 0 0 0 0 0 0 0 0 $ 24,637 $ 24,686 $ 24,637 $ 19,012 $ 11,519 $ (1,369) $ (15,333) $ (29,660) $ (44,243) $ (59,272) $ (75,192) $ (93,134) $(111,976) 17,5% 17.4% 17.2% 13.1% 7.7% (0.9%) (9.6%) (17.9%) (25.6%) (33.0%) (40.2%) (47.9%) (55.4%) 11/25/200910:16 AM TO: CITY COUNCIL FROM: CITY MANAGER DATE: OCTOBER 5, 2009 ATTACHMENTB DEPARTMENT: ADMINISTRATIVE SERVICES CMR: 394:09 SUBJECT: Fiscal Year 2010 Budget Update RECOMMENDATION Staff recommends that Council review and provide input on the FY 2010 1 st Quarter Update and structural budget issues identified in this City Manager Report (CMR). BACKGROUND As a consequence of the "Great Recession" and the decline in economically sensitive revenues such as sales and transient occupancy taxes (TOT), budget deficits were identified for FY 2009 and FY 2010. In the FY 2010 Operating Budget process, the City identified a General Fund $10 million budget gap. This projected deficit would have risen to $12 million had the City incorporated a pay raise for management and SEm employees. Hence, the budget proposal assumed zero increases for these groups. To solve the $10 million deficit, the City implemented $3.1 million in savings from department and service reductions (this included the elimination of 20.3 Full Time Equivalents based on vacancies and retirements); a $1.4 million revenue enhancement; $2.2 million in temporary reductions in transfers to the Capital Improvement and Retiree Medical Liability Funds; and $3.0 miHion in employee compensation and benefit reductions. The latter category savings was dependent on the City negotiating compensation andlor benefit concessions from management and City unions. The City is still in the process of negotiating with SEIU, discussing btmefit changes with management, and finalizing a salary deferral with the Police union (approximately $800,000). The Fire union has decided to take its contracted salary increase this fiscal year. The Management and Professional Group has already made a contribution in the variable management compensation program CVMC) totaling $657,000 for the General Fund. The City's latest proposal to SEIU is available on the City"s website at http://www.cityofpaloalto.org/labornegotlations In the City Manager's FY 2010 Operating Budget transmittal letter, the possible need to revisit deeper service cuts and savings strategies was discussed. These deeper service cuts were described as the "Tier 2" list (Attachment C) and they included, for example: eliminating the disaster preparedness program; eliminating the Police traffic team; and contracting out golf and parks maintenance work. Layoffs could result with these recommendations, which the City has CMR:394:09 Page 1 of7 sectors, a permanent change in consumer spending would have a substantial effect on the City's General Fund finances. Results to date for the transient occupancy and documentary transfer taxes have not changed since the September 8 report. TOT receipts from January to June in FY 2009 were -30 percent lower compared to the prior year period and July 2009 revenues were w21.3 percent under those in July 2008. As with sales tax-, if receipts do not improve, midyear adjustments of between $0.2 and $0.5 million may be needed. Documentary transfer taxes, which feIJ from $5.4 million in FY 2008 to $3.1 million in FY 2009, continue to show weakness. Revenues through September 2009 were -36 percent below the same prior year period. At this time, however, staff does not foresee adjustments to the $2.8 million to be collected in this category for FY 2010. Attachinent B shows actual revenue receipts through the middle of September in comparison to the FY 2010 Adopted Budget. As mentioned, it is too early to draw firm conclusions from this information, but in addition to the areas cited above, those that bear further scrutiny and close monitoring are parking violations, plan checking fees, and building permits. These areas had especially weak results in FY 2009 which may continue into FY 2010. Property taxes, the General.Funds· highest single revenue source, is expected to be close to budget at year end based on recent County projections. FY 20 I 0 Expenses As with revenues, it is too early in the year to detect important expense variances. With the exception of overtime in the Police and Fire departments, which typically exceed their budgets due to minimal staffing requirements, there is no discernable expense trend causing concern at this time. Ifthe City cannot achieve the $3 million in salary and benefit savings discussed above and incorporated into the FY 2010 budget, a deficit would result. "Tier 2" Items and Action Should revenues not perform as forecast or salary 01' benefit concessions. by the unions and management not be realized, the City will be forced to utilize "Tier 2" expenditure reductions. During the FY 2010 Finance Committee budget hearings, these reductions were discussed at length and they were called to the attention of the full Council at budget adoption. Again, Attachment C lists these items and provides a description of the potential cuts. These include, for example: o Eliminating the current Disaster Preparedness program o Eliminating the City's shuttle service o Contracting out parks and golf maintenance work o Eliminating Police traffic control services Tier 2 reductions will impact services to the community and will result in position reductions. Structural or Systemic Budget Issues To substantiate the position that the City faces structural budget issues, staff has modified the Long Range Financial Forecast (LRFF) presented in the FY 2010 Adopted Budget. Based on new data and known liabilities, the Net Surplus (Deficit) line in the forecast has been adjusted CMR:394:09 Page 3 of7 The current rate of funding from the General Fund and Infrastructure Reserve, which is around $9 million per year, is inadequate to meet the annual $15 million needed to offset the $302 million liability in any predictable or reliable way. The Infrastructure Reserve balance currently stands at $5.2 million and is expected to decline to $1.6 million next fiscal year. Without replenishment from General Fund surpluses over the next few years, which will not occur, the ability to sustain $9-$10 million of annual General Fund .infrastructure work is unlikely. New revenues are necessary. 5. Although one-time in nature and supposedly to be repaid in 3 years, the City faces a $2.5 million property tax takeaway· by the State to solve its budget deficit. This cut will decrease the General Fund's Budget Stabilization Reserve, impact the City's cash flow and interest earnings (the City currently earns around 4 percent on its investments and the State has proposed repaying the principal with a 2 percent interest rate), and reduce flexibility in dealing with unforeseen needs. The City, with the League of California Cities is exploring our options. Even with statutory protections against State takeaways of locall'evenues, the State can withhold revenues in fiscal emergencies and the State's record on coping with such emergencies is well-documented. Having solid and ~ubstantial reserves protects the City from the State risk. In addition to the structural issues cited above, the City faces additional threats on the revenue side. Outlined each year in the Long Range Financial Forecast, City revenues and the services they fund face an array of risks. These can include, for example, risks to sales tax and the TOT through: community opposition to new business and hotel development (e.g., the loss of Hyatt Rickey's); the potential exodus of automobile dealerships; surrounding big box stores that cause leakage of local spending and sales tax to surrounding jurisdictions; loss of sales tax to Internet sales; and, most recently, the threat of consumers spending less in retail areas such as the downtown and. Stanford Shopping Center. It is important to note that nearly 50 percent of the General Fund's roughly $20 million in annual sales tax is generated by 25 businesses. The loss of one of these enterprises can have a substantial impact on continuing services as we know them today. . Additionally, the impact of Statewide initiatives and legislation such as Proposition 13 (property tax); Proposition 218 (revenue thresholds); and required super majority (2/3) approval for General Obligation bond funding limit the City's revenue raising options. And of course, the financial markets crisis and impact on lending as well as the dysfunction of State government all impact the City. Conclusions Actual revenue and expenditure data to date do not definitively indicate new downward budget adjustments at this moment. As additional revenue and expenditure data materializes, however, further adjustments at midyear may be necessary. As indicated in a prior report (October 2007) on maintaining a Sustainable Budget (CMR: 387:07). the City may be faced with determining its long~term service priorities. It must be recognized that the City provides a wide and high level of service and dedicates sizeable annual resources in such areas as the school district ($6.6 million in FY 2009 for the Covenant Not to Develop as well as additional expenditures on field maintenance and outreach programs) and to CMR:394:09 Page 5 of7 PREPARED BY: ty Dlrector of Administrative Services DEPARTMENT HEAD APPROVAL: u~~ijE~:::=-=---- CITY MANAGER APPROVAL: ~-~+--.L....----++--______ .-,;..e.~_ CMR:394:09 Page 7 of? ATTACHMENT A City of Palo Alto City Manager's Report TO: FINANCE COMMITTEE FROM: CITY MANAGER DATE: SEPTEMBER 8, 2009 DEPARTMENT: ADMINISTRATIVE SERVICES CMR: 358:09 SUBJECT: Review of Preliminary FY 2009 Revenue Analysis RECOMMENDATION Staff recommends that the Finance Committee review and discuss preliminary General Fund revenue perfo~ance for FY 2009. . BACKGROUND As a result of the current recession and consequent decline of key General Fund revenue sources, the Finance Committee requested a late summer assessment of FY 2009 revenue perfonnance. This assessment was to include a comparison of actual revenue receipts to the FY 2009 Adjusted Budget and to prior year results. The variance analysis could lead to necessary mid year budget aQjustments and allow the City to be proactive in resolving unforeseen budget gaps. It is critical to note that the FY 2009 numbers presented in this report are unaudited and that there are potential accruals that may result in subsequent changes. Staff is not presenting a year end expense analysis at this time. Since accruals and incurred, but not reported, expenses in such areas as workers' compensation and general liability have not been fully booked and allocated to departments, staff believes an expense report is premature and could be potentially misleading. In addition, the Committee requested an earlier review of FY 2010 quarterly 'revenue and expense results. Staff anticipates presenting a full analysis in late October 2009, but offers the following insights into preJiminary trends in this report. DISCUSSION The crucial backdrop to the results jn this report is the dismal state of the economy. hi what has come to be called the "Great Recession," the City's key and economically sensitive revenue sources have declined significantly since FY 2007-08. Rising unemployment rates, tightening credit markets, deteriorating residential and commercial property markets, and diving consumer confidence have driven down public revenue streams across the country. The City of Palo Alto has not been immune from the recession. CMR:358:09 Page 1 of 5 Documentary Transfer Tax This important revenue source, which is based on the number and value of commercial and residential property sales, has moved down sharply during the recession. Rising to the mid $5 million level for the past 5 years, it retreated to $3.1 million in FY 2009. While close to the adjusted budget, this result was 42.5 percent or $2.3 million below FY 2008 results. The poor performance is a consequence of the commercial and residential markets coming to a virtual standstill. Commercial transactions decreased due to low occupancy rates and residential transactions were minimal due to sellers hoJding onto their homes' during a period of market softness. In addition, credit conditions were abysmal due to the collapsing credit markets for commercial and jumbo home loans. As with sales tax and TOT, documentary transfer tax revenue estimates for 2010 may require a midyear adjustment. Results for the month of July 2009 were nearly 40 percent under those for July 2008. Cun'ently, the adopted budget for FY ·2010 projects $2.8 million in transfer taxes, $0.3 million below actual FY 2009 revenues. With credit markets slowly returning to more normal activity, staff hopes this revenue source will rebound and obviate the need for a midyear adjustment. . Fines & Penalties This revenue category consists primarily of parking violations and library fines. Revenues are' below the FY 2009 Adjusted Budget by 16.6 percent or $0.5 million, and 4.7 percent or $0.1 mi1lion below prior year results. The negative variance is primarily due to parking violations, which came in 28 percent or $0.6 million below the adjusted budget. The combination of industrial injuries to Community Service Officers and fewer cars in violation of parking regulations have led to this drop. Should vacancies cqntinue, an adjustment to adopted budget revenues may be necessary . Permits & Licenses The downturn in the economy has heavily and negatively impacted building related fees. Permit and license fees were 16.5 percent or $0.9 million below the adjusted budget and 17.4 percent or $0.9 million below the prior year. Compared to the budget, new construction permit fees are down 13.7 percent or $0.4 million while plan check fees were down $0.1 million. In the new fiscal year, July 2009 building fee revenues are up by $0.1 million in comparison to July 2008. This may signal an upturn in this revenue category. which would preclude a midyear adjustment. Return on Investment Interest income came in higher than the adjusted budget for 2009, but was under prior year results by 6.9 percent or $0.2 million. With the Federal Reserve keeping interest rates low to stimulate the economy, the City's portfo1io yield has declined to the low 4 percent range over the past two years. It is expected that yields will continue to decline as higher yielding instruments mature and the City continues to buy securities in the 3 to 4 percent range. An adjustment at midyear may be necessary if interest rates do not trend upward. CMR:3S8:09 Page 3 of 5 PREPARED BY: ~,-S#tRON~t·.e': - Budget Manager. Administrative Se DEPARTMENT HEAD APPROVAL: -;-:;-;-;::~~;;--r--.:::::::;:;:""--=-- Director of Administrative Services ~. CITY MANAGER APPROV AL: --__ ---:7'<:..f-L~~~-+----A----­ JAMES CityM CMR:358:09 Page 5 of5 Attachment B CITY OF PALO ALTO REVENUE AND EXPENSE RESULTS THROUGH MID·SEPTEMBER COMPARED TO THE ADOPTED FY 2009 BUDGET GENERAL FUND. (In thousands of dollars) I Adopted I Adjusted Categories Budget Budget Pre Adjusted I I I %of Encumbr Encumbr Actual Budget Revenues & Other Sources Sales Tax Property Tax Transient Occupancy Tax Utility Users Tax Other Taxes and Fines Charges for Services Permits & Licenses Return on Investment Rental Income From Other Agencies Charges To Other Funds Other ...... , .......... ,.. Exeenditures & Other Uses City Attorney City Auditor City Clerk City Council City Manager Administrative Services Community Services Fire Human Resources Library Planning and Community Environment Police Public Works 19,650 25,752 7,000 11,250 5,633 20,238 5,056 1,900 13,655 92 10,643 1 2,569 999 1,512 296 2,395 6,761 21,876 25,166 2,837 6,385 9,858 29,998 13,484 925 3,343 1,143 1,524 309 2,646 6,910 22,770 25,546 2,970 6,66B 10,603 30,239 14,177 778 * Excludes encumbrances, reappropriation and Infrastructure reserve 21 667 246 17 35 33 61 5 187 203 2,839 99 495 126 164 658 385 934 ......•. ' 1,682 77 578 2,357 1,204 2,613 943 5 2,450 15 539 152 4B6 70 4B7 1,296 4,173 4,BOO 501 1,169 1,940 5,433 2,443 1953 "'." Attachment C \ City of Palo Alto Internal Budget Hearings -FY 2010 Summary Tier 2 Items General Fund DE'ltJartment " QthElrQ~tions Revenue Expense FTE FIR CSD CSD PLA POL POL POL POL PWD PWD Eliminate Disaster Preparedness Div Park Maintenance -Contract out net expense Golf Course Maint -Contract out net expense Eliminate Shuttle Traffic Team .,. School Res Officer Prg Pol Record Specialist -Front Desk Records Program ASst I -Crime Analysis Eliminate Tree Trimming Contract Contract out Tree Trimming Subtotal Additional Finance Committee 'Parking Lot" Recommendations (33,400) (100,000) (133.400) FIR Evaluate future organization of OES ConsolidationlCOordination FIR Regionalization options for Fire Services Police Regionalization options for Police Services (442.826) (122,957) (176,352) (256,000) (1.00) OccupieCl (5.00) Occupied (7.00) 7 Occupied (626.433) (4.00) Occupied (161,772) (1.00) Occupied (82,773) (1.00) Occupied (94.037) (1.00) Occupied (379.000) . (46,737) (1.00) Vacant (2,388,887) (21,.00) Police Reduce the Police Department Budget by $500,000 -Police Chief to identify reductions Police Reduce the Police Department Budget by $492,000 -Finance Committee recommended reductions Add back 0.5 Fte Volunteer Coordinator (Salary & Benefrts) Reduce the Traffic Team by one-half (instead of elimination) 1.0 FTE Police Officer (salary & benefits) 1.0 FTE Police Agent (salary & benefits) Add back revenue Reduce poSitions listed below by one-half instead of elimination School Resource Officer (0.5 FTE Pofice Agent) Crime Analyst Program (0.5 FTE Crime Analyst) Police Outreach (0.5 FTE Program Assistant I) $ 52,000 (154,000) (158.000) 50,000 (79.000) (56,000) (47,000) Planning & Community Environment -$ 256,000 Eliminate the City's shuttle service. There are not City PTE associated with this program and its termination would result in $256,000 in annual savings. Eliminating the shuttle program would reduce mobility and transportation alternatives within the City. Police Department -$ 865,015 Eliminating the Traffic Team would result in the reduction of $626,000 in expenditures and $100,000 in revenue. Included is the reduction of four PTE. The duties normally assigned to the Traffic Team would be assumed by patrol units. Eliminating the School Resource Officer (SRO) Program: During the FY 2010 budget hearings, one vacant SRO position was eliminated. The Tier 2 reduction would eliminate the remaining SRO position which is currently filled. The expenditure reduction is estimated at $162,000. Elimination of the Crime Analysis Program. This would result in the reduction of one PTE with an estimated expenditure reduction of $94,000. Elimination of Community Policing/Outreach program. This would result in the reduction of one PTE with an estimated expenditure reduction of $83,000. The Finance Committee also discussed the possibility of evaluating the future of regionalization options for the Police Department. Staff has not reviewed the costlbenefit strips to property owners. It would require a change to policy and to the Municipal Code. It would not impact Utilities line or emergency tree trimming clearing. The other alternative for the Public· Works Department is the contracting out of Tree Trimming. This would result in the elimination of 1 FfE and a net expenditure reduction of $46,000. The Public Works Department is recommending either/or for these options, not both. Attachment C CITY OF PALO ALTO FY 2010 FINANCIAL REPORT as of 11-20-09 GENERAL FUND (in thousands of dollars) Categories I Adopted I Adjusted Budget Budget I I I %of Pre Adjusted Encumbr Encumbr Actual Budget Revenues & Other Sources Sales Tax 19,650 19,650 5,510 28% Property Tax 25,752 25,752 3,140 12% Transient Occupancy Tax 7,000 7,000 1,781 25% Utility Users Tax 11,250 11,250 4,360 39% Other Taxes and Fines 5,633 5,633 2,092 37% Charges for Services 20,238 20,238 ·6,209 31% Permits & Licenses 5,056 5,056 1,455 29% Return on Investment 1,900 1,900 633 33% Rental Income 13,655 13,655 4,780 35% From Other Agencies 92 92 62 67% Charges To Other Funds 10,643 10,643 3,540 33% Other Revenues 1,605 1,605 959 Total Revenues 122,474 122,474 Operating Transfers-I n 19,664 19,664 Encumbrances and Reappropriation -6,564 Total Sources of Funds 142,138 148,702 Exeenditures & Other Uses City Attorney 2,569 3,343 8 601 970 47% City Auditor 999 1,143 229 296 46% City Clerk 1,512 1,524 16 655 44% City Council 296 309 31 107 45% City Manager 2,395 2,646 6 62 814 33% Administrative Services 6,761 6,910 156 2,267 35% Community Services 21,876 22,770 86 2,308 7,993 46% Fire 25,166 25,546 10 648 9,156 38% Human Resources 2,837 2,970 5 104 911 34% Library 6,385 6,668 48 145 2,110 35% Planning and Community Environment 9,858 10,603 158 953 3,331 42% Police 29,998 30,239 337 319 9,877 35% Public Works 13,484 14,177 104 936 4,510 39% Non-Departmental 6,925 8,778 19 772 Total Expenditures 131,061 137,624 Operating Transfers-Out 11,028 11,028 Total Uses of Funds 142,089 148,653 Net Surplus (Deficit) 49 49 Beginning Reserves 22,176 22,176 Projected Ending Reserves 22,225 22,225 * Excludes encumbrances, reappropriation and infrastructure reserve Attachment D City of Palo Alto General Fund Revenue Changes for FY 2010 and FY 2011 -Detail ($000) Detail Sales Taxes Property Taxes Transient Occupancy Tax Utility User's Tax City Utilities 8,180 7,966 (214) 9,218 Telephone 3,070 3,451 381 SUb-total-Utility User's Tax 11,250 11,417 167 Other Taxes and Fines Vehicle In-Lieu Documentary Transfer 100 Parking Violations (460) General (Fines, Forfeitures & Penalties) 1 Sub-total-Other Taxes and Fines Total Taxes and Fines Charges for Services Stanford Fire/Police Service Reimbursement 7,832 7,832 8,166 Golf Related Fees 3,153 2,919 (234) 3,153 Class Program Fees 3,087 2,727 (360) 3,087 Paramedic Fees 1,754 1,754 1,753 Plan Checking Fees 1,763 1,460 (303) 1,788 Cable Franchise 600 600 600 Other Fees 2,050 1,841 050 SUb-total-Charges for Services 20,238 19,134 20,596 Permits and Licenses Street Cut Fee 553 703 150 553 Permits 4,431 3,835 (596) 4,506 Licenses 73 73 73 Sub-total -Permits and Licenses 5,056 4,611 (446) 5;131 Charges to Other Funds Cost Plan -Admin. Support to Other Funds ?:. 8,233 8,233 Communication -Utility Reimb. for 911 Support . 512 512 Public Works Admin. Support to Ent. Funds 563 563 Other Reimbursements 1,335 1,252 SUb-total-Charges to Other Funds 10,643 10,560 Rental Income Utilities Facility Charges 10,311 10,311 10,311 Property Rental -Cubberley Tenants 1,719 1,801 82 1,719 Use of City Facilities 1,518 1,440 (78) 1,518 Other 106 81 106 Sub-total-Rental Income 13,655 13,633 (21) 13,655 From Other Agencies 92 92 92 Return on Investments (Interest Income) 1,900 1,662 (238) 1,900 Unrealized Gain/Loss on Investment Other Revenue Total Revenues (Prior to Oper. T'fers-In) Operating Transfers-In Equity & Utility Transfers Parking Districts Other SUb-total -Operating Transfers-In Total Source of Funds (225) 434 209 8,166 2,900 (253) 2,800 (287) 1,678 (75) 1,600 (188) 600 050 19, 703 4,100 73 4,876 10,462 150 1,719 1,518 106 13,805 150 92 1,646 (254) 1,502 $121922 $ Attachment E Police and Fire Departments Overtime Analysis for Fiscal Years 2005 through 2009 With Fiscal Year 2010 Data Through November 20,2009 Fiscal Year Ending June 30 2005 2006 POLICE DEPARTMENT Overtime Expense Original Budget $974,426 $981,862 Current Budget 1,028,337 1,009,705 Net Overtime Cost -see below 1,096,077 780,647 Remaining Budget ($67,740) $229,058 Overtime Net Cost Actual Expense $1,229,851 $1,405,155 Less Reimbursements Stanford Communications 30,941 30,937 Utilities Communications Reimbursement 17,404 17,402 Local Agencies (A) 32,617 34,565 Federal Grants State Grants (8) 8,135 65,835 Police Service Fees 37,188 49,185 Other 7,489 Total Reimbursements 133,774 197,924 Less Department Vacancies 375,515 426,584 Net Overtime Cost $1,096,077 $780,647 Department Vacancies (number of days) 1,642 1,733 FIRE DEPARTMENT Overtime Expense Original Budget $982,674 $959,389 Current Budget 982,674 959,389 Net Overtime Cost -see below 877,892 637,310 Remaining Budget $104,782 $322,079 Overtime Net Cost Actual Expense $1,956,529 $1,582,858 Less Reimbursements Stanford Fire Services (D) 592,828 479,606 Cal-Fire/FEMA (Strike Teams) 66,269 State Homeland Security Grant Program (SHSGP) (C) 17,203 72,254 Urban Area Security Initiative (UASI) 26,782 Department of Homeland Security (E) Total Reimbursements 610,031 644,911 Less Department Vacancies 468,606 300,637 Net Overtime Cost $877,892 $637,310 Department Vacancies (number of days) 1,980 1,230 NOTES: (A) Includes Animal Services contract with Los Altos, Mountain View and Los Altos Hills. (8) State Office of Traffic Safety and ABC grants. (e) Included in the SHSGP and UASI reimbursements is a small amount of per diem reimbursement. (0) Stanford reimburses 30.3% of Fire expenditures. 2007 2008 $1,015,620 $1,036,815 1,074,399 1,071,005 1,025,718 1,096,894 $48,681 ($25,889) $1,785,657 $2,009,542 39,342 65,079 22,130 36,607 36,457 41,770 63,344 4,672 43,218 67,390 12,447 18,157 216,938 233,675 543,001 678,973 $1,025,718 $1,096,894 2,280 2,766 $1,032,674 $892,674 1,032,674 996,674 737,768 863,442 $294,906 $133,232 $1,860,757 $1,744,076 563,809 528,455 85,531 140,224 40,897 10,164 1,150 690,237 679,993 432,752 200,641 $737,768 $863,442 1,740 810 (E) Reimbursement from U.S. Department of Homeland Security for HazMat Continuing Challenge Training Conference (Sep 2009) unaudited thru 11120 2009 2010 $999,900 $999,900 1,016,900 999,900 886,568 215,550 $130,332 $784,350 $1,665,842 $567,870 42,160 17,468 23,715 9,826 37,413 13,413 10,998 53,812 48,035 15,982 184,080 88,742 595,194 263,578 $886,568 $215,550 2,402 508 $1,017,674 $1,017,674 1,353,058 1,017,674 416,610 513,685 $936,448 $503,989 $1,591,261 $1,040,777 482,152 315,355 453,619 43,000 4,342 5,800 940,113 358,355 234,538 168,737 $416,610 $513,685 780 636 11/25/2009 Attachment F FY 2010 Salary Savings by Department City Attorney 1.374 124 124 City Auditor 487 25 25 City Clerk 593 67 67 City Council 65 5 5 City Manager 1,302 151 151 Administrative Services 3.709 147 147 Community Services 8.707 276 (137) 139 Library 3.297 156 156 Fire 14,182 1.539 (679) 860 Human Resources 1.544 193 193 Planning and Community Environment 4,531 390 (37) 353 Police 16.706 1.891 (691 ) 1.200 Public Works 4,831 337 (51) 286 Non-departmental (1.313) (2,206) (2,206) Total 60,015 3,095 (1,595) 1,500 ATTACHMENT G "Tier Two" Reductions Dept. Other Options Revenue-Expense FTE Eliminate Disaster Preparedness FIR Div (33,400) (442,826) (1.00) Park Maintenance -Contract CSD out net expense (122,957) (5.00) Golf Course Maint -Contract out CSD net expense (176,352) (7.00) PLA Elim inate Shuttle (256,000) I POL Traffic Team (100,000) (626,433) (4.00) School Resource Officer i POL Program (161,772) (1.00) Program Asst I -Police Outreach POL Program (94,037) (1.00) Crime Analyst -Crime Analysis POL Program (111,353) (1.00) Eliminate Tree Trimming PWD Contract (379,000) PWD Contract out Tree Trimming (46,737) (1.00) Subtotal (133,400) . (2,417,467) (21.00) Near-Term Cost Savings Attachment H Budget Reduction Options 1. Institute a hiring freeze except for positions absolutely required for public health and safety. The City will look at reorganization around vacant positions (short- term within departments and long-term among departments), but it must be noted that significant staff reductions and efficiencies have been implemented since the "dot-com" bust 2. Freeze or cut all travel and meeting budgets unless critical to immediate public health and safety issues 3. Institute furloughs 4. Review all consultant contracts, particularly those just starting, to determine if needed 5. Defer any Capital Improvement Projects (CIPs) that are not absolutely essential 6. Close public safety building design CIP and return funds to reserves 7. Evaluate need for temporary positions including retirees who have been hired back to work 8. Review staffing levels in departments where fee, fine or permit revenue has dropped, e.g., CSD classes, parking violations, and in development center. Design flexible budgets for these areas 9. Consider instituting a 2.5% reduction for small departments and 5% for remaining departments 10. Institute full cost recovery for programs that provide unique and limited service to small populations 11. Institute full cost recovery for adult classes. Revisit the non-resident fees and examine all programs where non-residents are not paying fees for use of City facilities. 12. Use the Budget Stabilization Reserve to balance the budget along with other initiatives in 2010. The goal would be to make longer term decisions during the fiscal year 2010 timeframe. The drawdown should not take the reserve lower than 15 percent of General Fund adopted budget expenditures Medium Term 1. Institute a 5.0-7.5% equity transfer on dark fiber fund 2. Enhance and expand the Economic Develop Plan 3. Negotiate away minimum staffing levels in Fire Department 4. Have fire department use newest employees for OT work rather than most senior staff; same for police (i.e., staff according to reverse seniority) 5. Have Fire department complete an evaluation (funds have been budgeted) on need for current levels and configurations of fire service based on predominant number of calls for paramedic service 6. Institute a two-tier retirement plan for public safety personnel 7. Contracting out services such as parks and golf 8. Decrease rental subsidies at Cubberley or restart negotiations with Foothill College 9. Review all support to PAUSD to determine what the City can continue to provide 10. Review the Cubberley Lease and the Covenant Not To Develop agreement with PAUSD to determine affordability and course of action going forward. 11. Revisit all HSRAP services to non-Palo Alto institutions with new budget cycle and focus resources on needy seniors, children, and teens in trouble. 12. Revisit residents and businesses paying for cost for sidewalk work at 10% per year and cap at 50% in year 5 13. Revisit policy on property rental rates to be at or close to cost recovery as agreements come up for renewal. 14. Move all employee groups toward assuming greater share of PERs "employee" contribution and all groups contribute towards the cost of health care. 15. Consider assessment districts -parks, sidewalks, fire and/or public safety. 16. Begin GF service priority setting process with Council and community Long-Term 17. Revisit new conference hotel in Palo Alto 18. Develop LA TP site as a source of rent or sell the land to Enterprise Funds 19. Negotiate away no minimum staffing requirement for Police 20. Review all police services for efficiencies and potential reduction in least essential services 21. Contract out, with reasonable response time specifications, paramedic service to outside agencies e.g., AMR 22. Begin discussion with neighboring cities e.g., Mountain View on sharing public safety services e.g. dispatch center, SWAT, white collar units, border fire response 23. Explore and implement new revenue opportunities 24. Revisit land use policies to provide the most benefit to the community ATTACHMENT B ORDINANCE NO.XXXX ORDINANCE OF THE COUNCIL OF THE CITY OF PALO ALTO AMENDING THE BUDGET FOR FISCAL YEAR 2010 TO REINSTATE A $809,000 TRANSFER FROM THE GENERAL FUND BUDGET STABILIZATION RESERVE TO THE TECHNOLOGY FUND. 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, the Council on June 15, 2009 did adopt a budget for Fiscal Year 2010; and B. On December I, 2009, s f reported to the Finance Committee a one-time budget change to solve a $4.8 million deficit for the Fiscal Year 2009i and C. The one-time budget change deferred a $4.8 million cost allocation transfer from the General Fund to the Internal Service Fund-Technology Fund in FY 2009i and D. Pursuant to discussions with the Finance Committee, a motion was passed to approve staff's recommendation to close out the 2009 Fiscal Year by deferring the $4.8 million transfer to the Technology Fundi and E. The Finance Committee also passed a motion recommending staff submit a Budget Amendment Ordinance to Council amending the FY 2010 Technology Fund Budget in the amount of $800,000, which was the excess from FY 2009 year end close, plus any amount necessary to fund all of the Tech expenditures that had planned for FY 2010; and F. City Council authorization is needed to transfer $809,000 from the General Fund to the Internal Service Fund- Technology Fund. SECTION 2. A. The Budget Stabilization Reserve is hereby decreased by the sum of Eight Hundred Nine Thousand ($809,000). As a result of this change the Budget Stabilization Reserve will be reduced from Twenty Two Million Twenty Two Thousand Three Hundred Sixty One($22,022,361) to Twenty One Million Two Hundred Thirteen Thousand Three Hundred Sixty One ($21,213,361). B. The Internal Service-Technology Fund is hereby increased by the sum of ght Hundred Nine Thousand ($809,000). As a result this change the Internal Service-Technology Fund Reserve will be increased. from Fifty One Thousand Four Hundred ($51,400) to Eight Hundred Sixty Thousand Four Hundred ($860,400). SECTION 3. As specified in Section 2.28.080(a) of the Palo Alto Municipal Code, a two-thirds vote of the ty Council is required to adopt this ordinance SECTION 4. The Council of City of Palo Alto hereby finds that this is not a project under the California Environmental Quality Act and, therefore, no environmental impact assessment is necessary. SECTION 5. As provided in Section 2.04.350 the Palo Alto Municipal Code, this ordinance shall become effective upon adoption. INTRODUCED AND PASSED: AYES: NOES: ABSTENTIONS: ABSENT: ATTEST: City Clerk APPROVED AS TO, FORM: City Attorney APPROVED: Mayor City Manager Director Services of Administrative