2021-04-20 CC Agenda Packet SPC - PRESENTATION - Strategic Planning Session FY 2021-2022CITY OF
ELSEGUNDO
Strategic Plan
Year -Three Study Session
FY 2021 =22
April 20, 2021
3:3 0 p.m.
Agenda
1. Purpose
2. FY 2020-2021 Year -Two Update
3.Organizational Issues Update
4. Year -Three Review of City Strategic Plan
(IFY 2021-2022 )
5. Wrap-up
ELSEGUNDO
4/21/2021 City of El Segundo 1 350 Main St. El Segundo, CA 90245 2
CITY OF
ELSEGUNDO
Public Comments
Study Session Overview
• 2020-2022 Three -Year Strategic Plan
• FY 2020-2021 Year -Two Update
• FY 2021-2022 Year -Three Review and Potential Revisions
EL.SEGUNDO
4/21/2021 City of El Segundo 1 350 Main St. El Segundo, CA 90245 4
FY 2020=21 Strategic Plan
Year -Two Update
• Top 10 City Council Priorities for FY 2020-21
• 10 are "Completed" or "In progress"
EL.SEGUNDO
4/21/2021 City of El Segundo 1 350 Main St. El Segundo, CA 90245 5
FY 2020=21 Strategic Plan
Year -Two Update
63 Total Activities in Strategic Plan
• 70% have been completed (44 of 63)
• 17 of the other activities are underway & will continue into FY 2021-22
• Two will begin to be addressed in FY 2021-22 & may continue into FY 2022-23
1. Develop a Veteran's Recognition Program.
2. Explore developing a strategy in collaboration with other cities to get relief from low
property tax with the potential of working toward a future statewide ballot measure.
EL-SEGUND0
4/21/2021 City of El Segundo 1 350 Main St. El Segundo, CA 90245 6
CITY OF
ELSEGUNDO
Organizational Issues Update
MY OF
ELSEGUNDO
Financial Outlook
Proposed FY 2021 =22 Reserves
General Fund: ~$16M
(20%
per
policy)
Economic Uncertainty:
$21VI
(per
policy)
Worker's Comp Fund: $7.31VI (~70% funded)
General Liability Fund: $AM (~33% funded)
4/21 /2021
City of El Segundo 1 350 Main St. El Segundo, CA 90245
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ELSEGU\DO
Proposed FY 2021 =22 Trust Balances
Pension Trust: $4.91VI (March 31, 2021)
OPEB Trust: $32.3M (April 15, 2021) -58%funded
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$90,000,000
$80,000,000
$70,000,000
$60,000,000
$50,000,000
$40,000,000
$30,000,000
$20,000,000
$10,000,000
General Fund Financial Forecast
General Fund Projections for Revenue, Expenditures, & Fund Balance
2020-21 2021-22 2022-23
Revenues Appropriations
11
2023-24
Fund Balance
2024-25
$20,000,000
$18,000,000
$16,000,000
$14,000,000
$12,000,000
$10,000,000
$8,000,000
$6,000,000
$4,000,000
$2,000,000
$0
General Fund Financial Forecast
Fiscal Year (FY) Revenues
Expenditures
Ending Fund
Balance
20% Policy
Reserve
2018-19 (actual $80, 014, 542
$75 7499, 561,
$22 92981953
$15, 099, 912
2 019-2 0 lactual) 67,107,993
757874,902
18,229,563
15,174,980
2020-21 (estimated)
9-month budget 60,724,015,_
6076891840
18,263,738
16,187,536
2021-22 projected) 70,757,014
793855,619
91165,133
1519711124
2022-23 (projected) 78,6227452
81,0007000
617877585
161200,000
2023-24 (pM ected) 811200,000
831000,000,
419877585
16,600,000,
2024-25(projected) 83, 900, 000
85, 000, 0001
3,887,585
17,0 000�
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CaIPERS Pension
• CaIPERS portfolio return was 4.7% for June 30, 2020
(2.3% below target of 7%)
• Results in an additional unfunded liability of $6.41VI
• CaIPERS portfolio return is trending at 15% for FY 2020-21
(8% above the target of 7%)
• 15% return is as of March 31, 2021
LSF.GUND0
4/21/2021 City of El Segundo 1 350 Main St. El Segundo, CA 90245 13
Upcoming Financial Issues for FY 2021 =22
• Addressing a structural deficit for FY 2021-22 of approximately $9 million
• Fostering economic growth and business stabilization
• Future Land Use Development
• Continued CalPERS Unfunded Liability
• Implementation of new technology
• Employee Engagement Program
• Labor negotiations with Police & Fire Unions
• Potential Ballot Revenue Initiative(s) for March 2022
• Need for Financial Stability
• Long-term Financial Strategic Plan
ELSEGUtiDO
4/21/2021 City of El Segundo 1 350 Main St. El Segundo, CA 90245 14
Land Use Projects
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4/21/2021 City of El Segundo 1 350 Main St. El Segundo, CA 90245 15
FY 2020=21 Challenges
ELSEGU\DO
4/21/2021 City of El Segundo 1 350 Main St. El Segundo, CA 90245 16
FY 2020=21 Successes
EL�ECUNDO
4/21/2021 City of El Segundo 1 350 Main St. El Segundo, CA 90245 17
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City Values
El Segundo's values define how we serve the community and manage
the City. We practice...
4/21 /2021
• Accountability • Stewardship
• Productivity • Challenging Ourselves
• Ethics • Continuous Improvement & Reflection
City of El Segundo 1 350 Main St. El Segundo, CA 90245
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ELSEGUNDO
City Culture
• El Segundo strives to create a working culture of...
• Innovation
• Support & Recognition
• Leadership by Example
• Proactive Action
• Problem -solving, Getting to Yes
E SEGUNDO
4/21/2021 City of El Segundo 1 350 Main St. El Segundo, CA 90245 21
Strategic Plan Goals
Goal 1
Enhance Customer Service, Engagement, and Communications;
Embrace Diversity, Equity, and Inclusion
ELSEGUNDO
4/21/2021 City of El Segundo 1 350 Main St. El Segundo, CA 90245 22
Strategic Plan Goals
Goal 2
Support community safety and preparedness
ELSEGUNDO
4/21/2021 City of El Segundo 1 350 Main St. El Segundo, CA 90245 23
Strategic Plan Goals
Goal 3
Develop as a choice employer and workforce
4/21/2021
City of El Segundo 1 350 Main St. El Segundo, CA 90245
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EL.SEGC\DO
Strategic Plan Goals
Goal 4
Develop and maintain quality infrastructure and technology
ELSEGU\DO
4/21/2021 City of El Segundo 1 350 Main St. El Segundo, CA 90245 25
Strategic Plan Goals
Goal 5
Champion economic development and fiscal sustainability
ELSEGUNDO
4/21/2021 City of El Segundo 1 350 Main St. El Segundo, CA 90245 26
Top Ten City Priorities
1. obtain an "Age --Friendly City" designation
2. Determine future of the Teen Center
3. Continue to advocate for El Segundo's interests regarding LAX expansion
4. Consider guidelines for use of potential revenue from golf course lease
5. Identify further infrastructure and downtown improvements for Main Street
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4/21/2021 City of El Segundo [ 350 Main St. El Segundo, CA 90245 27
Top Ten City Priorities
6. Attract senior living facilities to El Segundo
7. Identify areas within the community that are appropriate for housing
8. Conduct a study of repurposing city Hall
9. Develop a unique value proposition for attracting new businesses
10. Ensure that the city is positioned for post-COVID-19 recovery
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4/21/2021 City of El Segundo 1 350 Main St. El Segundo, CA 90245 28
4/21 /2021
FY 2021 =2022 Year -Three Review
E:i
Potential Revisions
City of El Segundo 1 350 Main St. El Segundo, CA 90245
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EL.SEGUNDO
4/21 /2021
Next Steps
City of El Segundo 1 350 Main St. El Segundo, CA 90245
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ELSEGUNDO
Concluding Remarks