Laserfiche WebLink
File Number: 17-235 <br />A number of factors influence the long-term fiscal health of the City: <br />·Unfunded liabilities <br />·Service level demands <br />·CalPERS rate change impact <br />·Labor agreement implementation <br />·Minimum wage implementation <br />·Community and social service programs support <br />·Fire contract services, equipment and increased CalPERS and OPEB costs <br />·Maintain reserve levels <br />·Capital Improvement Program <br />The 2017-18 and 2018-19 General Fund Biennial Budget reflects revenue growth largely <br />attributed to sales tax revenues associated with Measure HH. The general fund includes <br />sizeable transfers to the Capital Improvement Fund for both fiscal years of $10.2 million and <br />$7.7 million, respectively. These transfers reflect the City’s commitment to comply with the <br />voters directives regarding the use of Measure HH funds. <br />In addition to the General Fund, the City maintains other key revenue funds that range from <br />the Water Pollution Control Plant to Special Revenue funds. Multi-year forecasts for each <br />fund, for the most part, show these funds to be balanced in terms of available resources and <br />projected requirements for both fiscal years. There are, however, certain funds that will <br />require additional attention in order to achieve long-term financial stability. <br />The Parking Fund and Storm Water Fund are the only funds projected to be in deficit for <br />2017-18 and 2018-19. A downtown parking study results will be presented to Council later in <br />2017. Implementation of the parking study will include an emphasis on achieving fiscal <br />solvency for this fund. The Storm Water fund experienced a shortfall in 2015-16 of $117,000, <br />with the shortfall projected to increase to $505,000 in 2022-23. The fund is only able to <br />partially support basic storm drain maintenance; additional review and analysis are underway <br />to mitigate or eliminate the anticipated shortfalls. <br />Current City Council Policy <br />·Article V of the City of San Leandro Charter requires the City Manager to submit the <br />Proposed Budget to the City Council at least thirty-five days prior to the beginning of each <br />fiscal year and for Council to adopt the Budget following a Public Hearing, by no later than <br />June 30th. <br />Previous City Council Actions <br />·January 28, 2017 City Council Planning Session established goals for the new fiscal year’s <br />Biennial Budget and reviewed the overall Biennial Budget and forecast assumptions. <br />·April 10, 2017 City Council held a Budget Work Session on the proposed 2017-18 and <br />2018-19 Biennial Budget for all funds and the Capital Improvement Program. <br />·May 1, 2017 City Council held a Public Hearing and approved the increases in fees and <br />charges for City department services for fiscal year 2017-18 and the annual CPI <br />adjustment to the City’s EMS Tax, 9-1-1 Tax and the Business License Tax. <br />·May 9, 2017 City Council received the City Manager’s 2017-18 and 2018-19 Proposed <br />Biennial Budget document. <br />Page 3 City of San Leandro Printed on 5/30/2017 <br />14