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HomeMy WebLinkAboutAgenda Report - January 20, 2010 J-01AGENDA ITEM :Y## 1 CITY OF LODI ,. COUNCIL COMMUNICATION Im AGENDA TITLE: Adopt Resolution Approving Fiscal Year 2009/10 Mid year Budget Adjustments MEETING DATE: January 20,2010 PREPARED BY: Deputy City Manager RECOMMENDED ACTION: Adopt resolution approving Fiscal Year 2009/10 Mid -year budget adjustments. BACKGROUND INFORMATION: City staff has done an admirable job of managing the organization during a time of significant fiscal turmoil. Despite falling revenues and shrinking staff numbers, staff has maintained most services at levels consistent with prior years. The City has enjoyed the cooperation of all of its bargaining units in helping to maintain a balanced budget. The City of Lodi has weathered the recent fiscal storm without having to resort to significant layoffs and/or service eliminations to balancethe most recent budgets. Over the last five years, although not without difficulty, the City has remained relatively healthyfrom a fiscal perspectiveas a result of continuous, active fiscal management. In short, the City managed cost reductions and staffing reductions in concert with declining revenues. While other cities have had to make sudden and severe course corrections, Lodi has met reductions in revenuewith prompt but more gradual declines in expenditures. In spite of this economy, Lodi has worked to bring itself back from the brink and develop a modest General Fund reserve. The projected unreserved fund balance of $3.3 million represents 8.3 percent of General Fund expenditures, well short of the targeted minimum reserve level of 15 percent. Revenues for 2009/10 are projected to be $5.5 million (13 percent) lower than FY 2006/07. During the same time period, the City has seen significant increases in salary and benefits for some represented employees. Salary and benefits were reduced during the latter part of FY 2008/09 and have continued into FY 2009/10 as a result of contributions provided by the bargaining groups and voluntary reductions in staff. Employee contributions, coupled with early retirement incentives, have allowed the City to avoid significant lay-offs and provided the opportunity to manage the decline in revenues. The following details how the City addressed a number of issues over the course of the last five years. Personnel Authorized staff levels have gone from a high of 480 in FY 2003/04 to the current level of 421 funded positions.. Current filled positions total 406. The City has adopted a philosophy of examining the need for each vacant position before filling. This analysis has resulted in cost stabilization and decreased the amount of personnel increases. APPROVED: Bled-K�5g, City Manager Operational Efficiencies One of the mantras during tight fiscal times is to do more with less. The City has taken this concept to heart and has implemented a number of operational efficiencies that allow City staff to offer high levels of service with reduced staffing. For the past few years, the City has embarked on a series of studies and reviews to ensure that our operations were managed efficiently and effectively. These studies included an analysis cf the organizational structure, duties and responsibilities, and staffing; the results of these studies have been a more prudent stewardship of the City's resources. This has enabled the City to continue offering a high level of service while weathering a significant recession. In particular, efficiencies have been realized by the City by: • Streamlining the plan -check function between the Fire Department and Community Development, thus reducing staff. • Allowing utility customers to pay bills either online or through pay stations. This has reduced walk-in traffic at the Finance Department and provided a higher level of service. • Completing a projectthat converted paper check payments to electronic bank transfers, thereby freeing staff time for other customer service functions within the Finance Division. Additionally, this project results in reduced bank service charges, creating ongoing savings. • Providing retirement incentivesto 15 employees resulting in positions remaining vacant and generating salary savings. Reducing reliance on outside benefits program management and labor negotiators. Bringing these activities in-house results in permanent cost reductions. • Settling the PCE/TCE lawsuits resulting in the elimination of outside legal services for this matter. • Converting from Social Security to PARS for part-time staff. This decision resulted in a permanent reduction in City costs as the City no longer pays the employer share of Social Security for these staff. In addition to operational efficiencies, the City has exercised its entrepreneurial muscle in a number of areas: • Charging market rent for the Court space. • Increasing the solid waste franchise fee. • Negotiating market-based rent for the land lease for the Lodi Energy Center. • Establishing a market-ratefor tertiary -treated water for the Lodi Energy Center. • Creating Special Revenue funds for Community Development, Community Center and Recreation to better account for these activities. Service Modifications As a result of budget reductions, the City is not performing all of the services it had performed at the same level, or at all. Furloughs of City staff reduce customer service hours to the public by about 5 percent. Some of the service reductions include: Longer wait times on the telephones for utility customer service. • Lack of availabilityto the public one day a month due to furloughs. • Library closed on Fridays and three hours earlier on Thursdays. • Browning out of a fire engine. • Slower response time to Council requests and requests from the public. • Less -thorough research related to special requests. • Reduced bike patrols. • Reduced staffing in the Police Department lobby. • Smaller Fourth of July fireworks show. Looking Forward As noted earlier, the City is relatively healthy from a fiscal perspective. Our past activities have allowed for a "glide path" approach to responding to reducing revenues. We expect the balance of FY 2009/10 to continue on the glide path already established. As we look forward to FY 2010/11, we are not seeing significant signs of recovery. It is expected that we will need to remain frugal in the coming year just to stay level with our current standing. As such, it is expected that the current level of employee contributions will be needed to allow the City to stay level. General Fund Revenues: Overall, revenues are estimated at budgeted levels. No budgetary adjustments are proposed for revenue at this time. Overall, General Fund revenues within the Fund are expected to match estimates, but variances within individual line items are expected. The primary General Fund Revenue sources are property taxes, sales taxes, PILOT and Vehicle License Fees. It is projected that property taxes will come in slightly below ($40,000) budgeted levels. Sales tax revenue is anticipated to be short of budgeted levels by about $230,000. Vehicle License Fees are expected to be about $200,000 over budgeted levels. PILOT revenue will match the budgeted amount. Other revenues are showing minor variances that, in total, bring estimated revenue in line with overall budgeted revenue. Additionally, staff is reviewing all revenue throughout the City to make sure that it is recorded properly, and is focusing on entrepreneurial -type revenue. Expenditures: Initial projection of General Fund expenditures is $39,935,000, a level that exceeds expected revenue by $64,000. Without action, the fund balance will be reduced by that amount. A solution is proposed. During the discussion of how the City would adjust its budget in response to the State's Proposition 1A seizure of local government funds, staff proposed eliminating central purchasing as a means of reducing General Fund expenditures. Council requested staff further explore this concept and report back. Staff is now recommending that the City move away from the current central store and central purchasing concept and adopt a more de -centralized purchasing philosophy. Staff has surveyed other similar -sized jurisdictions and found that the majority of them have also adopted de -centralized purchasing processes. Best practices for purchasing show that costs are typically reduced by just -in -time purchasing as opposed to a classic central store operation. Staff is recommending that two positions in the Purchasing Division be transferred to the Electric Utility. Staff has reviewed the activities of the positions of Buyer and Senior Storekeeper and has determined that these two positions primarily serve the Electric Utility and the Water/ Wastewater Utilities. Electric Utility and Water/ Wastewater Utility management agree that this transfer makes operational sense. This transfer of staff will result in a savings to the General Fund of approximately $64,000 through the remainder of the fiscal year. The remaining position in the Purchasing Division, Purchasing Technician, will remain in the Division, but will be located within the Finance offices. The central purchasing duties of this position will be distributed city-wide and the central store concept will be eliminated. Staff is developing instructions for departmental staff to assume the purchasing of those commodities that were formerly handled centrally. At this time, the Purchasing Technician will retain city-wide purchasing training functions and will be available as a resourceto departments. Accounts payable duties will be added to the position in place of the removed duties. We have met and conferred with the bargaining unit for these employees, AFSCME, and the bargaining unit has not objected to this proposal. We expect to be revising the job descriptionsfor all three classes and our initial analysis indicates that such changes would not result in changes to the current classification of the positions. Additionally, we will be revising the City's Purchasing Policy. Wastewater Fund Council adopted increased wastewater rates earlier this fiscal year. At the time of adoption, estimated revenues were not increased for the expected impact of the rate increase. The attached resolution includes the impact of the rate increases in the wastewater fund for the current fiscal year. Estimated revenues are increased by $1,750,800 for the current fiscal year. Public Works Staffing Council adopted the Sanitary Sewer Master Plan (SSMP) earlier this year and approved two additional positions for Public Works. Public Works also requested an additional position that was not approved at that time. Since the adoption of the SSMP, Public Works has reviewed the associated staffing requirements and is proposing a number of staffing changes and reorganizations. Approval of the following position additions and changes is requested. Deputy Public Works Director-Water/Wastewater/Streets This position would combine the existing Water Services Manager and Streets and Drainage Manager positions, resulting in the net reduction of one position. The Deputy Public Works Director would provide expanded engineering oversight of the Streets and Drainage and Laboratory & Environmental Compliance Divisions. The storm drainage permit, sanitary waste discharge permit, wastewater collection permit and Air Quality District compliance requirements for controlling fugitive particulates greatly increases the need for knowledge and understanding of engineering sciences in these divisions' operations, thereby requiring management by a registered civil engineer. Four Superintendents would directly report to the Deputy Public Works Director. Future duties would include management of the Mokelumne Water Treatment Plant. Salary is expected to be at the same level as the existing classification of City Engineer/Deputy Public Works Director, $9,065.32 to $11,012.40 per month with the initial salary fixed at the C step ($9,994.49) until the salary is properly aligned with the Public Works Director. Costs for the balance of the fiscal year are estimated to be $5,400 and will be funded through the water, wastewater and streets funds. Laboratory Services and Environmental Compliance Superintendent This position is a reclassification of the existing Laboratory Services Supervisor position. The need for the Superintendent position is driven by the SSMP and includes duties that were previously performed by the Water/Wastewater Superintendent. In addition to the duties of the former Supervisor classification, the Superintendent is responsible for management of the DBCP Settlement Case, management of the water system reporting requirements to the California Department of Public Health, preparation of the Annual Water Quality Report, maintenance of well performance records, calculation of charges to new development for wastewater treatment capacity and coordinating operational adjustments such as chlorine dosing and system operation with water system operators to maintain water quality requirements. Over the years, the job duties have evolved to become more technical, requiring more specialty knowledge in order to maintain compliance with the State's monitoring and reporting requirements at the wastewater treatment plant. These new duties require a higher level of knowledge, skills and abilities. Compensation is expected to be parallel with Water/Wastewater Superintendent ($6,120.82 to $7,439.90 monthly). Savings for the balance of the fiscal year are estimated to be $200. Water/Wastewater Supervisor This position is a reclassification of an existing Senior Plant and Equipment Mechanic. The role of this Senior Plant and Equipment Mechanic has evolved into a working supervisory role as new staff members and responsibilities were added to the maintenance operations of the wastewater treatment plant. Recently completed plant upgrades include additional treatment infrastructure, process enhancements and the addition of technologically advanced systems, such as the ultraviolet disinfection facilities, the de -nitrification facilities in the aeration basins, and the rotating fine screens at the head works along with an additional clarifier and digester. These changes have presented the need for separating the maintenance activities from the operations activities and drive the creation of a separate maintenance unit. The Supervisor position is responsible for the maintenance team of four positions. No changes to the salary for this existing classification are proposed. Salary for the Water/Wastewater Supervisor is $4,770.83 to $5,799.13 monthly. Costs for the balance of the fiscal year are estimated to be $5,700, which would be absorbed by the Water and Wastewater utilities. Streets and Drainage Superintendent This position is intended to combine the remaining duties of the Streets and Drainage Manger with the Assistant Streets and Drainage Manager and create a single new position of Streets and Drainage Superintendent. A portion of the duties of the Streets and Drainage Managerwere folded into the Deputy Public Works Director position described above. Compensation is expected to be parallel with Water/Wastewater Superintendent ($6,120.82 to $7,439.90 monthly). This reclassification is cost neutral as the incumbent is currently paid out -of -class at the target level. Compliance Engineer This position is a new position requiredto handle the additional professional level analyticalwork needed under the SSMP. This position will have leadership and collaborative responsibilities for a variety of highly complex tasks and projects within the Public Works department. This position will provide guidance and support to management staff in the areas of budget development, rate models and rate analysis, development and oversight of various contracts and agreements, environmental analysis and impacts and the generation and publication of various strategic reports. The position will require an individual with an engineering registration and a strong background in financial, program and management analysis, written and oral communication skills and knowledge of water, wastewater and streets functions within a municipal public works department. Proposed salary is equal to that of an Associate Civil Engineer ($5,813.22 to $7,066.00 monthly). Costs for the balance of the fiscal year are estimatedto be $10,200 paid through the Water and Wastewater funds. The above position changes result in no change in total positions authorized within Public Works. Aggregate net costs for the balance of the fiscal year are estimated to be $21,100. FISCAL IMPACT: Absent any actions, the General Fund is projected to close the year with a shortfall of about $64,000. Staff is recommending a reorganization of the Purchasing function that will result in General Fund savings that will eliminate that shortfall. Additionally, staff is recommending a number of position changes within Public Works that will result in additional costs of $21,100 within the Wastewater Utility. The additional costs will be absorbed by the additional revenues generated from the previously approved rate increase. Jordan Ayers Deputy City Manager JA/ja Attachment: Resolution RESOLUTION NO. 2010-06 A RESOLUTION OF THE LODI CITY COUNCIL AMENDING THE CITY OF LODI FINANCIAL PLAN AND BUDGET FOR THE FISCAL YEAR BEGINNING JULY 1, 2009 AND ENDING JUNE 30, 2010 WHEREAS, the City Council adopted a balanced Financial Plan and Budget for Fiscal Year 2009-10 on June 10,2009; and WHEREAS, the adopted 2009-10 Financial Plan and Budget was prepared in accordance with the City Council's goals, budget assumptions, and policies; and WHEREAS, revisions to the adopted 2009-10 Financial Plan and Budget are necessary to address operating changes and previously approved revenue increases. NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Lodi does hereby revise the adopted 2009-10 Financial Plan and Budget as follows: 1. Approve the de -centralization of the purchasing function by: a. transferring one Buyer and one Senior Storekeeper position to the Electric Utility, and b. eliminating the central store operation, and c. reducing the appropriations in the Purchasing business unit (100422) by $64,000, and d. absorbing the increased costs within the Electric Utility. 2. Increase estimated revenues in the Wastewater fund by $1,750,800. 3. Approve the re -organization of Public Works including: a. creating the position of Deputy Public Works Director — Water/ Wastewater and Streets and deleting the positions of Water Services Manager and Streets and Drainage Manager, and b. reclassifying the position of Laboratory Services Supervisor to Laboratory Services and Environmental Compliance Superintendent and deleting the position of Laboratory Services Supervisor, and c. reclassifying the position of Senior Plant and Equipment Mechanic to Water/Wastewater Supervisor and deleting the position of Senior Plant and Equipment Mechanic, and d. reclassifying the position of Assistant Streets and Drainage Manager to Streets and Drainage Superintendent and deleting the position of Assistant Streets and Drainage Manager, and e. creating the position of Compliance Engineer, and f. absorbing increased costs of $21,100 within existing appropriations. Dated: January20, 2010 hereby certify that Resolution No. 2010-06 as passed and adopted by the City Council of the City of Lodi in a regular meeting held January 20, 2010, by the following votes: 1) In reference to the de -centralization of the purchasing function: AYES: COUNCIL MEMBERS— Hansen, Hitchcock, Johnson, and Mayor Katzakian NOES: COUNCIL MEMBERS — Mounce ABSENT: COUNCIL MEMBERS — None ABSTAIN: COUNCIL MEMBERS — None 2) In referenceto the re -organization of Public Works: AYES: COUNCIL MEMBERS — Hansen, Johnson, and Mayor Katzakian NOES: COUNCIL MEMBERS— Hitchcock and Mounce ABSENT: COUNCIL MEMBERS — None ABSTAIN: COUNCIL MEMBERS — None 3) In reference to the increase in estimated revenues in the Wastewater fund: AYES: COUNCIL MEMBERS — Hansen, Hitchcock, Johnson, Mounce, and Mayor Katzakian NOES: COUNCIL MEMBERS— None ABSENT: COUNCIL MEMBERS— NZNDI ABSTAIN: COUNCIL MEMBERS — tJOHL City Clerk 2010-06 FY 2009/10 Mid-Year Budget Update Lodi City Council January 20, 2010 FY 2009/10 Mid -Year Local economy is struggling Unemployment rate doubled in two years Foreclosures lower than in SJC overall, but still twice national average Significant downturn in merchant sales 2 18 16 14 12 10 FY 2009/10 Mid -Year Unemployment rate,, 2000-2009 San Joaquin County Lodi State Source: California Employment Development Department, Jan. 2000 -Nov. 2009 3 FY 2009/10 Mid -Year Foreclosures Lod ■ San Joaquin ■ California ■ National ■ 1.20 1.00 0.40 oL 0.20 1 w Lalli San Joaquin Calkimia National Source: RealtyTrac 4 December 2009 FY 2009/10 Mid -Year Industry Groups Quarters Shown Reflect the Period in Which the Sales Occurred - Point of Sale Q3 Q4 I Q1 Q2 Q3 Q4 I Q1 Q2 Q3 Q4 I Q1Q2 Source: H d L 107 '07 W '07 '0§ '08 'OS '08 '09 s (Thousands) 700 Sales 630 trends 51513 over 13 490 quarters 420 350 2P0 210 140 70 General Consumer Goods Outlets = 878 Autos And Transportation on on on on Outlets =727 Fuel And Sennce Stations 00 M11% 0 Outlets = 34 / 00` Restaurants And Hotels . ■ . ■ .. . . ■ .. . .. I. .. . ..Outlets -199 \' 0000%, Building And Construction ■I■1■1.1■I■1■I■1■I■I■II Ilk Outlets = 99 1111 .7 1 r 1 BusinessAndlndusty 111 _ 1111 � Outlets =351 = 00I1 1 1,1, r �I `\ 1 1 11 00 �100` Food And0rugs� Poo 0 IIIIIIIIIIIIIIIIIIIIIIII �O=77 ++■■/ _ - i+ + ■.■.■Ir w+...� r r • • M + . ■ r . r r ■ r �!11n rlarrr I 1111, rI 11,11 r 1 r' 1 rr^•7+i■ r r / 0 + r ■ I■ 1 ■ I , 1111111111 111111 111111 III III III VIII III III III II 111 11111111111111 111 11 1,111111 11111111 1111111 r + 1 / 11 r IIIIIIIIIIIIIIIIIII111 i 11111 / I IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII � / 1 VIII 'u1`,h;unlulw IIIIIIIn1■I11111 Q3 Q4 I Q1 Q2 Q3 Q4 I Q1 Q2 Q3 Q4 I Q1Q2 Source: H d L 107 '07 W '07 '0§ '08 'OS '08 '09 s (Thousands) 700 Sales 630 trends 51513 over 13 490 quarters 420 350 2P0 210 140 70 $20 RE -$20 -$40 -$60 -$80 -$100 -$120 -$140 Projected State Budget Shortfalls (in Billions) 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 201 Source: LAO'S Office FY 2009/10 Mid -Year With continued monitoring, General Fund will be close to expenditures matching revenues • $64,000 shortfall without proposed modification • Not seeking additional employee contributions, but need to extend current levels into FY 2010/11 FY 2009/10 Mid-Year General Fund is under pressure FY 2009/10 Mid -Year General Fund Activities Legislative, Legal, Administrative, Risk Management,, Police,, Fire,, Code Enforcement,, Parks, Emergency Preparedness, Special Events, Street Maintenance, Animal Services Dependent Activities Library., Hutchins Street Square,, Recreatior Community Development support 9 FY 2009/10 Mid -Year General Fund Revenue (in thousands) $45,000 $44,000 $43,000 $42,000 $41,000 $ 3,7 4,4 $40,000 $4.29656 $2,83 $39,000 $38,000 $239987 1 $37,000 2004/05 2005/06 2006/07 2007/08 2008/09 2009/10 (est.) 10 9 $ 1,0 5 FY 2009/10 Mid -Year Unreserved General Fund Balances $7,000 $6,000 N _ $5,000 c $4,000 $3,000 N L $2,000 0 G $1,000 $0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Target 11 est. FY 2009/10 Mid -Year General Fund Revenue Investments, Fines & Operating Fees Licenses & Forfeitures 4% Permits 1% Revenue from 1% Others Charges for 12% Services Operating 1% Transfers In 15% Other Revenue Tax Revenues 66% 12 FY 2009/10 Mid-Year Top General Fund Revenues (in thousands) 2007/08 2008/09 2009/10 Property Tax $9,210 Sales Tax $9,296 PILOT $6,873 Franchise Fees $ 976 VLF $4,797 TOT $ 396 13 $8,887 $8,028 $6,942 $1,415 $4,784 $ 405 $8,435 $7,250 $6,977 $1,640 $4,397 $ 411 FY 2009/10 Mid -Year General Fund data zoo7/os 2008/09 2009/10 Revenues $44.5M $41.OM $39.9M Expenditures 14 $44.5M $41.8M $39.9M Fund Balance $4.2M $3.4M $3.4M FY 2009/10 Mid -Year Continued Monitoring What strategies have we employed to manage financial resources? • Reduce Work Force ■ Early Retirements ■ Leave vacancies unfilled ■ Layoffs • Reduce Training and Travel • Reduce Employee Costs ■ Furloughs ■ Employee cooperation 15 FY 2009/10 Mid -Year • Squeeze expenses • Be more entrepreneurial • Transfer allowable costs to enterprise funds • Ensure General Fund revenue is directed to General Fund • Charge enterprise funds for General Fund support • Review insurance costs • Reduce service levels THERE IS NO ONE ANSWER HOPE IS NOT A STRATEGY 16 FY 2009/10 Mid -Year Doing more with less: Efficiencies • Online banking • Pay stations • Online access to utility account information • Minor reorganization for greater effectiveness: ■ Consolidated admin. functions into Internal Services ■ Consolidated dept. head and Deputy CM position ■ Fire plan check and construction inspection to CD ■Traffic engineering managing Transit services 17 FY 2009/10 Mid -Year • Substituting PARS for Social Security for part-timers • Coordination of aquatics function • Self -serve stations at library • Energy efficiency • Combined online registration for P&Rand HSS • More information online, reducing call volume • Absorbing additional duties without position backfill • Granicus IN FY 2009/10 Mid -Year I. PALS contract providing staffing for Animal Shelter • Convert real estate assets to cash • Maximize use of City property • Use stimulus funds where available • Labor negotiations in-house • Settling PCE/TCE lawsuits • Modernizing business practices ■ Charge market rate for leases and rents ■ Charge market for franchise fees 19 FY 2009/10 Mid -Year What we're doing less of: • City Hall closed one Friday/month • Reduced library hours (closed Fridays and three hours earlier Thursdays) • Fire engine browned out • National Night Out • Reduced Fourth of July fireworks • Reduced outside grants 20 FY 2009/10 Mid -Year Bike officer hours reduced — officers on regular patrol • Park patrol eliminated • Reduced staffing in Police Department lobby • Reduced hours at Animal Shelter (prior to PALS contract) • Delayed response time to citizen requests • Deferred maintenance • Limited counter personnel 21 FY 2009/10 Mid -Year Fewer budgeted positions Position Counts 500 480 460 440 Authorized 420 Filled 400 380 360 2001-02 2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 22 FY 2009/10 Mid-Year Workforce reductions 15 early retirements 23 FY 2009/10 Mid -Year ■ Eliminate the Central Store/Central Purchasing concept ■ Transfer 2 positions to Utilities —Net savings to General Fund of about $64,,000 ■ Move 1 position to Finance offices — Stays in Purchasing business unit 24 FY 2009/10 Mid -Year General Fund General Fund Fund Balance Beginning Fund Balance Unreserved Revenues Expenditures Net Difference (Revenues Less Expenditures) Fund Balance Ending Fund Balance Unreserved Audited 2009-10 Budget to Budget to 2008-09 2009-10 Estimated Est Actuals Est Actuals Actuals Budget Actuals Variance $ Variance % 4,159,007 3,831,962 3,383,191 (448,771) 41,015,454 39,870,901 39,862,039 (8,862) 0.0% 41,791,270 39,870,901 39,926,039 55,138 0.1% (775,816) - (64,000) (64,000) 3,383,191 3,831,962 3,319,191 (512,771) 25 111 Public Works Water Services Mgr Director Ioa_ Streets & Drainage Mgr U111,.E � I No ,.� _�,_,-s��_ 111 Laboratory Services Supervisor Senior Plant & Equip. Mechanic �j rn nnsea do Lab. Services & Environmental Compliance Sup. Water/Wastewater Supervisor Compliance Engineer FY 2009/10 Mid -Year Water Fund Audited 2008-09 Actuals Water Utility Enterprise Fund Fund Balance (Cash) Beginning Fund (Cash) Balance 13,434,921 Revenues Expenditures Net Difference (Revenues Less Expenditures) Fund Balance (Cash) Ending Fund (Cash) Balance 2009-10 Budget to Budget to 2009-10 Estimated Est Actuals Est Actuals Budget Actuals Variance $ Variance % 15,761,074 20,272,801 4,511,727 17,343,265 14,186,738 13,992,174 (194,564) 10,505,385 12,500,365 9,547,318 (2,953,047) 6,837,880 1,686,373 4,444,856 21758,483 20,272,801 17,447,447 24,717,657 7,270,210 -1.4% -30.9% FY 2009/10 Mid -Year Wastewater Fund Wastewater Utility Enterprise Fund Fund Balance (Cash) Beginning Fund (Cash) Balance Revenues Expenditures Net Difference (Revenues Less Expenditures) Fund Balance (Cash) Ending Fund (Cash) Balance Audited 2009-10 Budget to Budget to 2008-09 2009-10 Estimated Est Actuals Est Actuals Actuals Budget Actuals Variance $ Variance % 6,766,472 4,568,929 7,499,323 2,930,394 11,146,850 13,821,930 15,433,571 1,611,641 10,413,999 16,343, 361 16,855, 381 512,020 732,851 (2,521,431) (1,421,810) 1,099,621 7,499,323 2,047,498 6,077,513 4,030,015 29 10.4% 3.0% FY 2009/10 Mid -Year Electric Fund Audited 2008-09 Actuals Electric Utility Enterprise Fund Fund Balance (Cash) Beginning Fund (Cash) Balance 11,339,624 Revenues Expenditures Net Difference (Revenues Less Expenditures) Fund Balance (Cash) Ending Fund (Cash) Balance 2009-10 Budget to 2009-10 Estimated Est Actuals Budget Actuals Variance $ 13,072,819 12,003,103 (1,069,716) 74,034,868 73,752,410 73,451,825 (300,585) 73,371,389 72,634,564 73,222,229 587,665 663,479 1,117,846 229,596 (888,250) 12,003,103 14,190,665 12,232,699 (1,957,966) 30 Budget to Est Actuals Variance % -0.4% 0.8% FY 2009/10 Mid-Year Library Fund 31 FY 2009/10 Mid -Year Community Development Fund Community Development Fund Fund Balance Beginning Fund Balance Unreserved Revenues Expenditures Net Difference (Revenues Less Expenditures) Fund Balance Ending Fund Balance Unreserved Audited 2009-10 Budget to Budget to 2008-09 2009-10 Estimated Est Actuals Est Actuals Actuals Budget Actuals Variance $ Variance % (702,127) (713,886) (921,716) (207,830) 1,126,039 1,427,891 1,468,290 40,399 2.8% 1,345,628 1,123,218 1,112,797 (10,421) -0.9% (219,589) 304,673 355,493 50,820 (921,716) (409,213) (566,223) (157,010) 32 FY 2009/10 Mid -Year I Looking ahead • Tax base improvement ■ New retail on horizon ■ Lodi Energy Center ■ Focus on economic development • Continue to manage personnel costs • Unknown forces • State of California ■ Weather ■ Labor agreements ■ Market Invest in the City of Lodi 33 FY 2009/10 Mid -Year MOU terms Group General Services Maintenance & Operators Mid -Management Firefighters Fire Mid -Management Police Dispatchers Police M 34 Expiration 12/31/10 12/31/10 12/31/10 12/31/10 12/31/10 4/30/11 9/30/11 12/31/13 FY 2009/10 Mid-Year PERS rate increases 2% annual increase in employer contribution rate for next several years 35 FY 2009/10 MaIdmYear Summary • Continued difficult and uncertain economic times • Minor adjustments and proper management will allow for balanced budget ■ Conservative revenue estimates ■ Reduced costs • No extraordinary actions proposed • Continued employee assistance is necessary 36 FY 2009/10 Mid -Year • Continue on glide path — look for efficiencies • State of California is a wildcard • Long-term — leaner organization, focus on core services, economic development efforts will be positive in the long run 37