Reso 2006-140 - Laserfiche WebLink

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WEST SAN LEANDRO SHUTTLE BUSINESS IMPROVEMENT DISTRICT ANNUAL REPORT FY 2006-07 2005-06 Actual Budeet Expenditures for Fiscal Year 2005-06 were approximately $13,000 (3.7%) more than the adopted budget, however the progrmn was able to still maintain a balanced budget as a result of the Redevelopment Agency funds which were dedicated to the program. The unanticipated rise in program costs can be attributed to the increasing operation costs of MY Transportation services. A general explanation for these rising costs is the upward spike in fuel costs during FY 2005-2006. As a result, MY Transportation hourly rates increased to $53.87. An additional change to the budget included the elimination of funds set aside for contingency for Fiscal Year 2005-06, as the Redevelopment Agency funded contingency expenses up to but not exceeding $100,000. 2006-07 Proposed Bud2et There are several major changes to the LINKS budget for Fiscal Year 2006-07. First, the budget for Fiscal Year 2006-07 includes an approximate 3% increase for the shuttle provider. This increased cost is a direct result of the anticipated increase in the cost of MY Transportation services due to normal inflation, as well as the fluctuating cost of fuel. Second, as a result of the maturation of the shuttle program and in an effort to control the overall cost of the program, the 2005-06 Advisory Board recommended that the SL TMO change from paid employees to contract employees. Starting in January 2006, the Executive Director of the SLTMO was paid as a consultant and the SLTMO no longer directly hired staff to operate the shuttle. As part of the overall cost savings effort, the overall duties of the Executive Director were revised and reduced (The 2006-07 duties of the Executive Director are attached to this report as Exhibit C). This cost savings measure will continue to be employed throughout the entire fiscal year of 2006-07. As a result, approximately $15,000 in programmatic savings will be realized. With the change to contract staffing, the LINKS will no longer rent office space from the Davis Street Family Resource Center. This will result in a savings of an additional $2,400. Third, the City of San Leandro will continue to provide accounting services for the LINKS. In prior years, accounting work for the LINKS was provided by the Executive Director, a contract accountant, and a CPA firm. All accounting functions will now be provided by the City of San Leandro Finance Departlnent. Finally, LINKS was not successful in securing a BAAQMD grant for calendar year 2007. Therefore, funding from BAAQMD for LINKS will end as of December 31, 2006. As a result, the Redevelopn1ent Agency will provide gap funding in the amount of $79,516 to compensate for the budgetary gap left by the termination of BAAQMD funding. The Redevelopment Agency funding is well within the funding allocation allowed as the LINKS has an agreement in place where the Redevelopment Agency of San Leandro will provide the shuttle with up to $100,000 in funding on an as-needed basis.