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2005 MAY 20 SPECIALAGENDA EL SEGUNDO CITY COUNCIL EMERGENCY OPERATIONS CENTER (EOC) In Police Building 348 Main Street, El Segundo, CA 90245 The City Council, with certain statutory exceptions, can only take action upon properly posted and listed agenda items Unless otherwise noted in the Agenda, the Public can only comment on City - related business that is within the jurisdiction of the City Council and/or items listed on the Agenda during the Public Communications portion of the Meeting The time limit for comments is five (5) minutes per person Before speaking to the City Council, please come to the podium and state Your name and residence and the organization you represent, if desired Please respect the time limits In compliance with the Americans with Disabilities Act, If you need special assistance to participate in this meeting, please contact City Clerk, 524-2305. Notification 48 hours prior to the meeting will enable the City to make reasonable arrangements to ensure accessibility to this meeting. SPECIAL MEETING OF THE EL SEGUNDO CITY COUNCIL FRIDAY, MAY 20, 2005 EMERGENCY OPERATIONS CENTER (EOC) in Police Building 348 Main Street, El Segundo, CA 90245 7:30 A.M. -10:30 A.M. 7:30 A.M. SESSION CALL TO ORDER ROLL CALL PUBLIC COMMUNICATIONS - (Related to City Business Only - 5 minute limit per person, 30 minute limit total) Individuals who have received value of $50 or more to communicate to the City Council on behalf of another, and employees speaking on behalf of their employer, must so identify themselves prior to addressing the City Council Failure to do so shall be a misdemeanor and punishable by a fine of $250 While all comments are welcome, the Brown Act does not allow Council to take action on any item not on the agenda The Council will respond to comments after Public Communications is closed SPECIAL ORDERS OF BUSINESS: Preliminary Strategic Planning Session regarding the City's Operating budget for Fiscal Year 2005/2006 A Introduction (Mayor Kelly McDowell) (City Manager Mary Strenn) (City Manager Designee Jeff Stewart) B Background Budget Information (Administrative Services Director Bret Plumlee) 1 Historical Graph of Mayor General Fund Revenue Sources FY 1986 -87 to FY 2005 -06 C Budget Assumptions for FY 2005 -2006 (staff presentation) 1 Revenue Estimate 2 Estimate of Expenditure Increases and Offsets 3 Potential General Fund Shortfall Range $500,000 - $1 5 Million D Budget Balancing Policy Options (staff presentation) — See Exhibit A E Council Direction — Preliminary Council discussion and direction regarding potential budget shortfall or enhancements and means of addressing them, including program reductions in all City departments, staff issues citywide, interfund transfers, capital improvement project changes, alternate funding of special projects for the budget year of 2005 -06, new and /or increased City department fees and new revenue options F Next steps for budget preparation and adoption process (staff presentation) II Presentation regarding bids received on Douglas Street Project and preliminary discussion regarding funding of Construction Project and Construction Schedule ADJOURNMENT POSTED DATE T11 rl 0 TIME °2: J~�o r m . NAME 2 Exhibit A Budget Balancing Policy Options A. Staffs Recommendation regarding a 2 -Year Budget Balancing Plan FY 2005 -2006 and FY 2006 -2007 1 FY 2005 -2006 Estimated Beginning General Fund budget shortfall of $723,600 (Range likely to be between $500,000 and $1 5 million) 2 Fund Equipment Replacement shortfall of $1,438,100 over next 3 years at $479,400 each year 3 Eliminate $500,000 transfer from General Fund to Infrastructure Replacement Fund for next 2 years while Equipment Replacement Fund is being replenished 4 Pay back $795,000 reimbursement of loan from General Fund to Water fund over next 2 years at $397,500 in FY 2005 -2006 and $397,500 in FY 2006 -2007 based on payment received in FY 2004 -2005 5 Use balance in Economic Uncertainty Fund in FY 2005 -2006 and deposit any excess FY 2006 -2007 General Fund savings back into the fund 6 Replenish Liability Insurance fund back up to 70% Confidence Level for an unspecified term at the rate of $200,000 annually 7 If the Council approves the recommendations above, departments to prepare contingency plan to cut $505,500 with contingency plans to cut up to $700,000 B. Items to consider for possible funding: 1 Consider replenishment of Equipment Replacement funding of $1438 million 2 Consider funding up to $250,000 in Retiree health costs per GASB 45 requirement 3 Consider funding up to $250,000 in additional Capital Improvement Projects 4 Consider funding up to $50,000 in Executive Technology Review Committee projects C. Budget balancing options: 1 Additional departmental cuts across the board 2 Decrease annual transfer from General Fund to Facilities Maintenance Fund up to $175,000 3 Transfer designation in Facilities Maintenance Fund up to $215,000 to the General Fund 4 Consider paying back $795,000 reimbursement of loan from General Fund to the Water fund based on payment received in FY 2004 -2005 5 Consider any new and /or increases in department recommended fees and new revenue 6 Consider implementation of Lighting and Landscaping District 7 Consider prefundmg Calpers retirement obligation in FY 2005 -2006 D. Unfinished Project Account Balances as of May 20, 2005: 1 Community Center $5,945,500 2 City Hall Improvements $819,900 3 Downtown Specific Plan $152,100 4 Aquatics Master Plan $675,750 5 Soccer fields $5,500,000 6. Fire Station # 2 $2,241,300 7. CIP Savings designated first toward Douglas $1,360,350 8, Developer Deposits in Fire, Police, Library $544,650 Douglas Street Funding Prn,e�. Fie.nenra end �n,:rs Total Estimated Expended to Current Deficit Pn }nnhal Fundmn Smv�ua 1 Prop C 25% Grant 2 Water Enterprise Funds 3 Federal Transportation Bill 4 TEA -21 STPL 5 - �usr ueur 1 Design $1,845,000 2 Right of Way (County) _ $_4_95,000 _ 3 _ _ _ _ Right of Way (Acquisitions) _ _ $1,568,530 4 Utility Relocations $3,771,381 $4,228,189 5 Railroad Work $1,652,720 6 MTA Grant Administration $103,983 Cons Not avail for other protects (TCSP Grant) 7 Protect Report (required by TCSP) $50,000 8 Construction Engmeen_ng $1,800,000 9 Construction Contract $19,239,025 10 Construction Contingency $1,923,903 Total Protect $32.449.542 $4.228.189 Current Deficit Pn }nnhal Fundmn Smv�ua 1 Prop C 25% Grant 2 Water Enterprise Funds 3 Federal Transportation Bill 4 TEA -21 STPL 5 wrrenc runum 5 1 HUD Grant _ $231,250 2 TCSP Grant $937,433 3 FTA Grant $2,079,661 4 MTA Grant(STIP) $9,233,000 5 City _ $4,700,000 6 Developer Fee $250,000 Cons Not avail for other protects T..6.1 t.... A.. I,.....1."^ t 49 A14 %AA Current Deficit Pn }nnhal Fundmn Smv�ua 1 Prop C 25% Grant 2 Water Enterprise Funds 3 Federal Transportation Bill 4 TEA -21 STPL 5 CIP Savings (General Fund) 5 Developer Contributions 6 Traffic Mitigation funds 7 Prop C Local Return 8 Cons Other work deferred MTA Line of Credit 9 Deferral of Funded Capital Cons Match req'd, Reimbursement Improvement Protects $500,000 $270,000 $4,000,000 $500,000 $1,360,350 $2,000,000 $1,600,000 $600,000 $3,000,000 See Attached List N \Douglas \Funding Board lump As 1 of 2 ($15,018,198) Resulting r ms uencn ($14,518,198) Pros Grant, no match Cons None ($14,248,198) Pros Cash available Cons Other work deferred ($10,248,198) Pros Grant Cons Match req'd, Reimbursement _ ($9,748,198) Pros Available Cons Match req'd, Reimbursement _ ($8,387,848) Pros Available Cons Not avail for other protects ($6,387,848) Pros Benefactors pay Cons Not secured ($4,787,848) Pros Cash available Cons Other work deferred ($4,187,848) Pros Available, no match _ Cons Eligibility, Other work deferred ($1,187,848) Pros Helps complete protect Cons 25 years without Prop C Pros Cash Available Cons Projects Deferred Indefinite) Unencumbered CIP Account Balances May 20,2005 Community Center $5,945,500 General Fund City Hall Improvements $819,900 General Fund Downtown Specific Plan $162,100 General Fund Aquatics Master Plan $675,750 General Fund Soccer Fields $5,500,000 General Fund Fire Station No. 2 $2,241,300 General Fund Five Year Street $215,000 Gas Tax Reconstruction Total $15,549,550 N TouglasTunding Board lump xls 2 of 2