Finance Highlights 2010 0420 - Laserfiche WebLink

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$10,000 in additional Enterprise Fund revenue. The criteria used to increase the City user fees and services charges are based on a variety of criteria such as comparable fee levels in surrounding cities, CPI increases, and the cost to provide some services. The members requested that staff look at certain fees within the Finance, Library, Police, Public Works, and Recreation & Human Services departments as they may be able to increase fees for items such as non- residentpermits for block parties and group rental rates at the Marina Community Center. Councilmember Prola questioned why there was a decrease in Park Facilities fees. Engineering & Transportation Department Head Uche Udemezue indicated that by law these fees are determined by the Engineering News Records Factor. Committee Recommendation Committee recommended taking to Council for approval. 3. Update on Apri112, 2010 City Council Budget Work Session Finance Director Carter provided an update on items that were discussed at the April 12, 2010 City Council Budget Work Session. Carter discussed Grants Receivables and the funding of such grants. The City has authorized reimbursable grants for certain city projects in which the City will finance through reserves and receive reimbursement. Although Carter is not asking for the funding at this time, he is informing the Committee that in the future staff may be coming back to the Committee for approval to finance $2.0 million from the General Fund or perhaps interfimd transfers. Carter informed the Committee that staff will provide the Committee with up dated estimated actual revenues and expenditures for the General Fund for 2009-10 in May. Carter noted that the City continues to save in salary and benefits. There are downturns in both the Franchise Fees and Property Tax revenues. Although the electric dollars continue to hold steady, the gas figures are down by $120,000 this fiscal year. Property Tax revenue is down by $200,000. Carter provided a Sales Tax Net Cash Results for the 4th quarter in 2009 and although revenue has increased, it is one quarter and does not recommend increasing the revenue projections for fiscal year 2010-11. Carter also updated the Committee on the Sales Tax Revenue Measure. Should the Measure pass in November, the State Board of Equalization has reported that they will not implement the new sales tax until Apri12011. This will be one quarter later than hoped for, should the measure pass, and therefore the potential revenue is decreased to $1 million. Hollister and Carter provided further information on the fiscal impact should the Council continue with their direction for staff to hold off on the recommended layoffs. The fiscal year 2010-11 proposed budget does not reflect the salaries of those targeted and would only increase the current deficit. Although certain qualified employees have indicated their acceptance of the Golden Handshake, the direction of the Council to hold off on the layoffs until after the Ballot Measure could cause some employees to reconsider.. These salaries are also not in the proposed 2