Loading...
HomeMy WebLinkAboutAgenda Report - June 1, 2011 I-01I-1 CITY OF LODI COUNCIL COMMUNICATION TM AGENDA TITLE: Adopt Resolution Approving the City of Lodi Financial Plan and Budget for the Fiscal Year Beginning July 1, 2011 and Ending June 30, 2012 and Approving the Fiscal Year 2011/12 Appropriation Spending Limit MEETING DATE: June 1, 2011 PREPARED BY: Deputy City Manager RECOMMENDED ACTION: Adopt resolution approving the City of Lodi Financial Plan and Budget for the Fiscal Year (FY) beginning July 1, 2011 and ending June 30, 2012 and approving the Fiscal Year 2011/12 appropriation spending limit. BACKGROUND INFORMATION: The City Council will continue to receive the budget presentation and the public is invited to comment on the FY 2011/12 budget. Council has previously received information on this budget at Shirtsleeve meetings on May 3, 10, 17 and 24. A draft budget document was released on May 19. The General Fund budget for FY 2011/12 is balanced without the use of reserves. Council approved a General Fund Reserve Policy in June 2010 that sets aside 8 percent of General Fund revenues for a Catastrophic Reserve and 8 percent of General Fund revenues for an Economic Reserve. Total General Fund reserves are projected to be $3.96 million. This level of reserve will fully fund the Catastrophic Reserve at a level of $3.3 million and partially fund the Economic Reserve at about $662,000. The General Fund budget is $41,255,340, a decrease of $66,410 from the prior year. The All -Funds budget is $209,805,900, an increase of $30.5 million, or about 17 percent over the previous year. The bulk of this increase is related to the appropriations for the Water Treatment Plant project. Significant Issues This budget is not without a number of significant issues that the City addressed in developing a balanced budget. Salary and Benefit Costs Absent concessions, the cost for salaries and benefits would have increased approximately $6.6 million. The primary drivers of this increase are the expiration of the employee concessions agreed to through June 30, 2011 ($2.3 million) along with significant increases in Worker's Compensation ($2.2 million), retirement ($1.2 million) and medical costs ($0.9 million). ---• ,Www radt Bartlam, City Manager The City offered an early retirement incentive of two years service credit to 24 classifications, representing 30 individuals. Fifteen individuals have accepted the offer and will leave City employment by June 30, 2011. Annual on-going savings related to these vacated positions is about $1.5 million. Assistance from the City's bargaining units is instrumental in balancing the budget again this year. Significant elements of employee concessions include paying for all, or a portion of, the employee share of CalPERS pension costs; agreeing to limit the City's share of cost on medical plans to the lowest -cost HMO plan costs; continuing, increasing or eliminating furloughs; waiving the City match to deferred compensation along with waiving the right to cash out certain types of leave. At this time, all bargaining units have agreed to concessions requested by the City except for the Police Officers Association and the Dispatchers unit. A separate agenda item details the concession agreements while another agenda item advises CalPERS of the percentage of the employee share of retirement costs that the City will be paying. Discussions with the Police Officer's Association are close to conclusion. Positive discussions occurred the week of May 23 and the City is awaiting a proposal from the group. Absent an agreement, the City Manager's Office will be recommending a lay-off of four positions. Discussions with the Dispatchers unit have stalled and staff is recommending that two positions be laid off. Worker's Comp — An actuarial valuation of the City's Worker's Comp liabilities is typically performed every two years. The projected liabilities are used to fund the reserve for this program. Staff was on target for funding the reserve based upon the actuarial projection in the October 2008 report. The actuarial report received in November 2010 reflected significantly higher liabilities than anticipated. The cause of the dramatic increase in the liability ties to an increase in the severity of claims during the reporting period. As a result, the Worker's Compensation reserve is $2.0 million short of the suggested funding level. Staff has discussed the underlying assumptions. Staff is seeing a reduction in the severity of current claims and believes that the November 2010 projected liability is overstated, given current experience. Staff will be requesting that the actuary produce a report based upon June 30, 2011 data in the belief that the June 30, 2012 liability will be reduced. Additionally, staff is recommending that the actuarial liability deficit be funded over a two-year period instead of a single year. Retirement Costs — The City contracts with CalPERS for retirement benefits for City employees. The payment made to CalPERS is composed of an employee share and an employer share of cost. The employee share of cost is 7 percent for Miscellaneous employees and 9 percent for Safety employees. Historically, the City has paid the full share of employee costs. The employer share of cost is determined by CalPERS and provided to the City each year. The employer cost for the current year, budget year and future year estimates are shown in the table below. Fiscal Year Miscellaneous Safety 2010/11 11.727% 23.838% 2011/12 13.680% 30.380% 2012/13 Est. 14.800% 31.600% 2013/14 Est. 17.900% 135.500% Medical Costs — The City contracts with CalPERS for medical benefits for City employees. Historically, the City has paid for the full cost of the employee chosen plan, with a nominal payment by the employee for employee + 1 coverage ($80 per month) and family coverage ($104 per month). As you are aware, medical costs are rapidly increasing. CalPERS medical plans are priced on a calendar -year basis while the City budgets on a fiscal -year basis. As such, we must estimate the rate increases that will take place in the middle of the fiscal year. For FY 2010/11, staff estimated that rates would increase an average of 9 percent. The actual average rate increase was 9.5 percent and variances were absorbed within existing appropriations. Staff is projecting a 12 -percent increase in rates for the 2012 calendar year. Actual rates will be known around October 2011 and any variances will be addressed in the mid -year budget review. Capital Projects Significant capital projects included in the budget include: • Surface Water Treatment Plant ($28.8 million -bond funded) o Construction of a treatment plant and appurtenances for treating Mokelumne River water • Water Meter Installation ($2.3 million -rate funded) o Construction of Phase 1 of the meter installation program • Biosolids Dewatering Facility ($4.5 million -bond funded) o Construction of a biosolids dewatering facility to meet expected permit requirements • Wastewater Main Replacement Project #5 ($2.1 million -rate funded) o Rehabilitation of about 25,000 lineal feet of in -ground pipe • 12 kV Underground Cable Maintenance ($1.1 million -rate funded) o Rehabilitation of underground cable in Grids 56 and 57 • Transit Shop Solar Project ($1.0 million -ARRA funded) o Install solar panels for maintenance shop • Cape Seal Project ($1.0 million -Prop 1 B, Measure K funded) o Install 1 million square feet of rubberized slurry seal at various locations A resolution adopting the Financial Plan and Budget is attached. Included in the budget resolution is the adoption of the Appropriation Spending Limit for the 2011/12 fiscal year. This limit represents the maximum spending authority for the City based upon population and inflation changes over the last year. The 2011/12 Appropriation Limit is $77,891,729, an increase of $2,367,907 from the prior year. Details of the calculations are attached as Attachment 1 and Exhibits A through G. FISCAL IMPACT: The 2011/12 budget provides an expenditure plan for all funds. The All -Funds budget is $209,805,900, an increase of $30.5 million, or about 17 percent over the previous year. The bulk of this increase is related to the appropriations for the Water Treatment Plant project. The General Fund Budget is $41,255,340, a decrease of $66,410 from the prior year's budget. Jor an Ayers, Deputy City M ag r Attachments ATTACHMENT 1 2011-12 FINANCIAL PLAN AND BUDGET APPROPRIATIONS SPENDING LIMIT 2011-12 APPROPRIATIONS SPENDING LIMIT 2011-12 APPROPRIATIONS SUBJECT TO LIMITATION PROCEEDS OF TAXES 31,857,150 EXCLUSIONS - APPROPRIATIONS SUBJECT TO LIMITATION 31,857,150 CURRENT YEAR LIMIT 77,891,729 AM�JUNT Last Year's Limit 75,523,822 Adjustment Factors 1 Population % 1.0061 2 Inflation % 1.0251 Total Adjustment % 1.03135 Annual Adjustment 2,367,907 Adjustments None Total Adjustments 2,367,907 201X 12 Al'pTt(3*RiATONS Sl'ENIIl<NG I,I1IT 77,891,72;9,,; 2011-12 APPROPRIATIONS SUBJECT TO LIMITATION PROCEEDS OF TAXES 31,857,150 EXCLUSIONS - APPROPRIATIONS SUBJECT TO LIMITATION 31,857,150 CURRENT YEAR LIMIT 77,891,729 EXHIBIT A City of Lodi Appropriations Spending Limit Fiscal Year 2011-12 A. Last Year's Limit 75,523,822 B. Adjustments Factors 1 Population % 1.0061. (Exhibit B) 2 Inflation % 1.0251 (State Finance) Total Adjustment % 1.03135 (Bl*B2) C. Annual Adjustment 2,367,907 (B*A) D. Other Adjustments None E. Total Adjustments 2,367,907 (C+D) F. This Year's Limit 77,891,729 (A+E) City of Lodi Appropriations Spending Limit Growth Factors/Calculations EXHIBIT B %Increase 87-88 3.47 5.72 3.33 88-89 4.66 4.96 3.32 89-90 5.19 2.52 2.20 90-91 4.21 2.26 2.23 91-92 4.14 1.19 2.64 92-93 -0.64 0.97 2.41 93-94 2.72 0.73 2.13 94-95 0.71 0.51 1.57 95-96 4.72 1.31 1.59 96-97 4.67 1.68 1.85 97-98 4.67 0.70 1.21 98-99 4.15 1.16 1.47 99-00 4.53 1.94 1.44 00-01 4.91 1.29 1.78 01-02 7.82 1.90 2.71 02-03 -1.27 2.14 3.07 03-04 2.31 1.69 2.86 04-05 3.28 0.75 2.54 05-06 5.26 0.96 2.65 06-07 3.96 0.30 2.00 07-08 4.42 0.90 1.73 08-09 4.29 0.68 1.59 09-10 0.62 0.42 1.07 10-11 -2.54 0.61 0.97 11-12 2.51 0.61 0.97 87-88 1.0347 x 1.0572 = 1.0939 1.0939 x $22,654,787 = $24,782,072 88-89 1.0466x 1.0496=1.0985 1.0985 x $24,782,072 = $27,223,106 89-90 1.0519 x 1.0252 =1.0784 1.0784 x $27,223,106 = $29,357,398 90-91 1.0421 x 1.0226 =1.0657 1.0657 x $29,357,398 = $31,286,179 91-92 1.0414 x 1.0264 =1.0689 1.0689 x $31,286,179 = $33,441,797 92-93 .9936 x 1.0241 =1.0175 1.0175 x 33,441,797 = $34,027,028 93-94 1.0272 x 1.0213 = 1.0491 1.0491x 34,027,028 = $35,697,755 94-95 1.0071 x 1.0157 = 1.0229 1.0229 x 35,697,755 = $36,515,234 95-96 1.0472 x 1.0131 =1.0609 1.0609 x 36,515,234 = $389739,012 96-97 1.0467x1.0168=1.0643 1.0643x 38739012 = $41,229,332 97-98 1.0467x1.0070=1.0540 1.0540x 41,229,332 = $43,456,825 98-99 1.0415x1.01160=1.0536 1.0536x 43,456,825 $45,785,303 99-00 1.0453x 1.0194=1.0656 1.0656x45,785,303 $48,787,849 00-01 1.0491x1.0129=1.0626 1.0626x48,787,849 $51,843,597 01-02 1.0782x1.0190=1.0987 $56,959,824 1.0986858 02-03 .9873x1.0214=1.00843 $57,439,894 1.00842822 03-04 1.0231x1.0169=1.0404 $59,759,913 1.04039039 04-05 1.0328x1.0075=1.040546 $62,182,939 1.040546 05-06 1.0526x1.0096=1.06270496 $66,082,118 1.06270496 06-07 1.0396x1.0030=1.0427188 $68,905,066 1.0427188 07-08 1.0442x1.0090=1.0535978 $72,598,226 1.0535978 08-09 1.0429x1.0068=1.0499917 $76,227,535 1.0499917 09-10 1.0062x1.0042=1.01042604 $77,022,286 1.01042604 10-11 .9746x1.0061=.98054506 $759523,822 0.98054506 11-12 1.0251x1.0061=1.03135311 $77,891,729 1.03135311 11-12 Appropriations Subject to Limit: $31.857.150 = 40.90% $77,891,729 APPROPRIATIONS SUBJECT TO LIMITATION City of Lodi Fiscal Year 2011-12 A. PROCEEDS OF TAXES B. EXCLUSIONS C. APPROPRIATIONS SUBJECT TO LIMITATION D. CURRENT YEAR LIMIT 31,8-57,150 0 31,857,150 77,891,729 EXHIBIT C (Exhibit F) (Exhibit D) (A -B) (Exhibit A) E. OVER(UNDER) LIMIT 1 (46,034,579) (C -D) 31,857,150 = 40.90% 77,891,729 City of Lodi Fiscal Year 2011-12 COURT ORDERS FEDERAL MANDATES Subtotal Subtotal QUALIFIED CAPITAL OUTLAYS Subtotal QUALIFIED DEBT SERVICE Subtotal TOTAL EXCLUDABLE (Copy to Exhibit C & G) EXCLUDED APPROPRIATIONS EXHIBIT D None None None None INone City of Lodi Schedule to Match User Fees to Costs Fiscal Year 2011-12 EXHIBIT E Public Safety Fees Parks and Rec/Cultural Fees Community Development Fees PW Engineering Fees Library Fees Total 327,000 25,209,150 1,626,870 5,955,390 375,330 1,066,960 144,600 852,750 35,000 1,282,940 2,508,800 34,367,190 0 0 0 0 0 0 Calculation - Proceeds of Taxes City of Lodi Fiscal Year 2011-12 EXHIBIT F PROCEEAS . NON TROCEEDS REVENUE OF TAXES OF TAXE5 TOTAL TAXES: Property Taxes Sales & Use Tax Business License Tax Franchise Tax Transient Occupancy Tax Real Property -Documentary Tax In -Lieu Franchise Tax FROM STATE Motor Vehicle In Lieu State H -way Maintenance Gas Tax Cigarette tax Transportation Development Act TDA-Pedestrian/Bike Path SB 300 Transportation Partnership Measure K Funds State Reimbursements -POST Public Library grants PERS Rebate SB90 Reimbursements Asset Seizure Funds/Auto Theft Drug Suppression Grant State special grants Traffic Congestion Relief State STIP reimbursement LOCALLY RAISED Fines, Forfeitures, Penalties Licenses and permits Rent of City Property Development Fees USER FEES (from Exhibit E) OTHER MISCELLANEOUS Sale of Property Restitution -Damage to Property Other revenue Interfund Transfers SUB -TOTAL (for Exhibit G) INTEREST EARNINGS (from Exhibit G) TOTAL REVENUE (use for Exhibit C) RESERVE WITHDRAWALS (Including appropriated Fund Balance) TOTAL OF THESE FUNDS OTHER FUNDS NOT INCLUDED GRAND TOTAL BUDGET 8,161,300 8,161,300 8,856,240 290,290 9,146,530 1,250,000 1,250,000 1,698,420 1,698,420 400,000 400,000 11.4,000 114,000 6,976,670 6,976,670 4,363,950 4,363,950 11.400 11,400 1,693,340 1,693,340 1,604,600 0 1,548,300 1,548,300 34,300 34,300 0 0 1,115,000 1,115,000 25,000 25,000 0 0 0 0 50,000 50,000 0 0 254,000 254,000 16,370 16,370 0 0 0 0 1,307,000L 1,307,000 631,200 631,200 830,830 830,830 1,604,600 1,604,600 31,820,580 1 18,299,300 50,119,880 36.570 1 21,030 1 57,600 31,857,150 1 18,320,330 150,177,480 0 50,177,480 146,765,190 196,942,670 EXHIBIT G B. MINUS EXCLUSIONS C. NET INVESTED TAXES D. TOTAL NON-INTEREST BUDGET E. TAX PROCEEDS AS PERCENT OF BUDGET F. INTEREST EARNINGS G. AMOUNT OF INTEREST EARNED FROM TAXES H. AMOUNT OF INTEREST EARNED ON NON -TAXES I. Take the result of steps #G & H Copy on to Exhibit F 0 1 (Exhibit D) 31,820,580 (A -B) 50,119,880 1 ^(Exhibit F) 63.49% (CID) 57,600 36,570 (E*F) 21,030 (F -G) X40./ CITY OF LODI COUNCIL COMMUNICATION TM AGENDA TITLE: Adopt Resolution Approving the City of Lodi Financial Plan and Budget for the Fiscal Year Beginning July 1, 2011 and Ending June 30, 2012 and Approving the Fiscal Year 2011/12 Appropriation Spending Limit MEETING DATE: June 1, 2011 PREPARED BY: Deputy City Manager RECOMMENDED ACTION: Adopt resolution approving the City of Lodi Financial Plan and Budget for the Fiscal Year (FY) beginning July 1, 2011 and ending June 30, 2012 and approving the Fiscal Year 2011/12 appropriation spending limit. BACKGROUND INFORMATION: The City Council will continue to receive the budget presentation and the public is invited to comment on the FY 2011/12 budget. Council has previously received information on this budget at Shirtsleeve meetings on May 3, 10, 17 and 24. A draft budget document was released on May 19. The General Fund budget for FY 2011/12 is balanced without the use of reserves. Council approved a General Fund Reserve Policy in June 2010 that sets aside 8 percent of General Fund revenues for a Catastrophic Reserve and 8 percent of General Fund revenues for an Economic Reserve. Total General Fund reserves are projected to be $3.96 million. This level of reserve will fully fund the Catastrophic Reserve at a level of $3.3 million and partially fund the Economic Reserve at about $662,000. The General Fund budget is $41,255,340, a decrease of $66,410 from the prior year. The All -Funds budget is $209,805,900-209,707,740, an increase of $30.54 million, or about 17 percent over the previous year. The bulk of this increase is related to the appropriations for the Water Treatment Plant project. Significant Issues This budget is not without a number of significant issues that the City addressed in developing a balanced budget. Salary and Benefit Costs Absent concessions, the cost for salaries and benefits would have increased approximately $6.6 million. The primary drivers of this increase are the expiration of the employee concessions agreed to through June 30, 2011 ($2.3 million) along with significant increases in Worker's Compensation ($2.2 million), retirement ($1.2 million) and medical costs ($0.9 million). APPROVED: Bartlam, City Manager The City offered an early retirement incentive of two years service credit to 24 classifications, representing 30 individuals. Fifteen individuals have accepted the offer and will leave City employment by June 30, 2011. Annual on-going savings related to these vacated positions is about $1.5 million. Assistance from the City's bargaining units is instrumental in balancing the budget again this year. Significant elements of employee concessions include paying for all, or a portion of, the employee share of CalPERS pension costs; agreeing to limit the City's share of cost on medical plans to the lowest -cost HMO plan costs; continuing, increasing or eliminating furloughs; waiving the City match to deferred compensation along with waiving the right to cash out certain types of leave. At this time, all bargaining units have agreed to concessions requested by the City except for the Police Officers Association and the Dispatchers unit. A separate agenda item details the concession agreements while another agenda item advises CalPERS of the percentage of the employee share of retirement costs that the City will be paying. Discussions with the Police Officer's Association are close to conclusion. Positive discussions occurred the week of May 23 and the City is awaiting a proposal from the group. Absent an agreement, the City Manager's Office will be recommending a lay-off of four positions. Discussions with the Dispatchers unit have stalled and staff is recommending that two positions be laid off. Worker's Comp — An actuarial valuation of the City's Worker's Comp liabilities is typically performed every two years. The projected liabilities are used to fund the reserve for this program. Staff was on target for funding the reserve based upon the actuarial projection in the October 2008 report. The actuarial report received in November 2010 reflected significantly higher liabilities than anticipated. The cause of the dramatic increase in the liability ties to an increase in the severity of claims during the reporting period. As a result, the Worker's Compensation reserve is $2.0 million short of the suggested funding level. Staff has discussed the underlying assumptions. Staff is seeing a reduction in the severity of current claims and believes that the November 2010 projected liability is overstated, given current experience. Staff will be requesting that the actuary produce a report based upon June 30, 2011 data in the belief that the June 30, 2012 liability will be reduced. Additionally, staff is recommending that the actuarial liability deficit be funded over a two-year period instead of a single year. Retirement Costs — The City contracts with CalPERS for retirement benefits for City employees. The payment made to CalPERS is composed of an employee share and an employer share of cost. The employee share of cost is 7 percent for Miscellaneous employees and 9 percent for Safety employees. Historically, the City has paid the full share of employee costs. The employer share of cost is determined by CalPERS and provided to the City each year. The employer cost for the current year, budget year and future year estimates are shown in the table below. Fiscal Year Miscellaneous Safety 2010/11 11.727% 23.838% 2011/12 13.680% 30.380% 2012/13 Est. 14.800% 31.600% 2013/14 Est. 17.900% 35.500% Medical Costs — The City contracts with CalPERS for medical benefits for City employees. Historically, the City has paid for the full cost of the employee chosen plan, with a nominal payment by the employee for employee + 1 coverage ($80 per month) and family coverage ($104 per month). As you are aware, medical costs are rapidly increasing. CalPERS medical plans are priced on a calendar -year basis while the City budgets on a fiscal -year basis. As such, we must estimate the rate increases that will take place in the middle of the fiscal year. For FY 2010/11, staff estimated that rates would increase an average of 9 percent. The actual average rate increase was 9.5 percent and variances were absorbed within existing appropriations. Staff is projecting a 12 -percent increase in rates for the 2012 calendar year. Actual rates will be known around October 2011 and any variances will be addressed in the mid -year budget review. Capital Proiects Significant capital projects included in the budget include: • Surface Water Treatment Plant ($28.8 million -bond funded) o Construction of a treatment plant and appurtenances for treating Mokelumne River water • Water Meter Installation ($2.3 million -rate funded) o Construction of Phase 1 of the meter installation program • Biosolids Dewatering Facility ($4.5 million -bond funded) o Construction of a biosolids dewatering facility to meet expected permit requirements • Wastewater Main Replacement Project #5 ($2.1 million -rate funded) o Rehabilitation of about 25,000 lineal feet of in -ground pipe • 12 kV Underground Cable Maintenance ($1.1 million -rate funded) o Rehabilitation of underground cable in Grids 56 and 57 • Transit Shop Solar Project ($1.0 million -ARRA funded) o Install solar panels for maintenance shop • Cape Seal Project ($1.0 million -Prop 1 B, Measure K funded) o Install 1 million square feet of rubberized slurry seal at various locations A resolution adopting the Financial Plan and Budget is attached. Included in the budget resolution is the adoption of the Appropriation Spending Limit for the 2011/12 fiscal year. This limit represents the maximum spending authority for the City based upon population and inflation changes over the last year. The 2011/12 Appropriation Limit is $77,891,729, an increase of $2,367,907 from the prior year. Details of the calculations are attached as Attachment 1 and Exhibits A through G. FISCAL IMPACT: The 2011/12 budget provides an expenditure plan for all funds. The All -Funds budget is $209,805,900 209,707,740, an increase of $30.54 million, or about 17 percent over the previous year. The bulk of this increase is related to the appropriations for the Water Treatment Plant project. The General Fund Budget is $41,255,340, a decrease of $66,410 from the prior year's budget. Jordan Ayers, Deputy City Ma ger Attachments RESOLUTION NO. 2011- A RESOLUTION OF THE LODI CITY COUNCIL ADOPTING THE CITY OF LODI FINANCIAL PLAN AND BUDGET FOR THE FISCAL YEAR BEGINNING JULY 1, 2011 AND ENDING JUNE 30, 2012, AND APPROVING THE 2011/12 APPROPRIATIONS SPENDING LIMIT WHEREAS, the City Manager submitted the 2011/12 balanced Financial Plan and Budget to the City Council on May 19, 2011; and WHEREAS, the 2011/12 Financial Plan and Budget was prepared in accordance with the City Council's goals, budget assumptions, and policies; and WHEREAS, the City Council conducted public budget meetings on May 3, May 10, May 17, May 24, and June 1, 2011, at the Carnegie Forum; and WHEREAS, the City Council is required to adopt the Appropriations Spending Limit for 2011/12; and WHEREAS, the Appropriations Spending Limit and the annual adjustment factors selected to calculate the Limit are part of the Financial Plan and Budget. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Lodi as follows: 1. That the 2011/12 Financial Plan and Budget, as proposed by the City Manager, be approved as follows: Budget General Fund Police $-15,96i,359 $ 16,000,270 Fire $-9,24; ,�9 $ 9,320,840 Public Works $–,560;600 $ 1,559,390 City Clerk $--45;670 $ 511,970 City Manager $--40 4G $ 411,050 City Attorney $--454;58 $ 445,940 Internal Services $--3,603,27G $ 3,369,640 Economic Development $ 568,350 Non -Departmental $ 9,067,890 Total General Fund $ 41,255,340 Other Funds Electric Utility $ 71,920,380 Water Utility $ 41,579,180 Wastewater Utility $ 20,276,400 Transit $ 5,813,19G $ 5,840,940 Streets $ 4,241,290 Community Development $-1;066;960 $ 1,110,500 Parks, Rec & Cultural Services $--555,398 $ 5,785,940 COUNCIL MEMBERS — $ 1,426,950 -Library Development Act $ 50,000 -Transportation Dev Block Grant $ 1,134,220 -Community Public Safety Special Revenue $ 100,000 Outla $ 1,039,380 -Capital & Vehicle Replacement $ 345,000 -Equip Debt Service $ 1,669,020 Benefits $ 7,210,210 Self Insurance $ 2,498,000 Trust and Agency $ 328,590 Fleet Services $ 1,896,400 Total Other Funds $1168,650,560 $168,452,400 Total $209,805.900 $209,707,740 2. That the funds for the 2011/12 Financial Plan and Budget are appropriated as summarized in the document on file in the City Clerk's Office; and 3. That the Appropriations Spending Limit be increased by $2,367,907 from the 2010/11 level of $75,523,822 to the 2011/12 level of $77,891,729. Dated: June 1, 2011 I hereby certify that Resolution No. 2011- as passed and adopted by the City Council of the City of Lodi in a regular meeting held June 1, 2011, by the following votes: AYES: COUNCIL MEMBERS — NOES: COUNCIL MEMBERS — ABSENT: COUNCIL MEMBERS — ABSTAIN: COUNCIL MEMBERS — RANDI JOHL City Clerk 2011- �7 00MEMORANDUM U 9��FOR� TO: City Council FROM: Jordan Ayers, Deputy City Manager DATE: June 1, 2011 SUBJECT: REVISED BUDGET EXCERPTS — BLUE SHEET Attached please find revised budget excerpts from the pages indicated on the bottom of each sheet. The primary change is the elimination of the additional reductions needed line item and in most cases the bottom line number was unaffected. 090: Operating Transfers Out 4,709,733 5,589,724 5,421,020 5,421,020 7,998,070 100: Personnel Services 30,435,171 28,393,078 29,397,380 29,315,615 27,360,290 200: Utility Comm. & Transportation 1,556,149 1,421,422 1,490,000 1,485,899 1,399,690 300: Supplies, Materials & Services 3,383,478 3,552,799 4,000,310 3,983,423 3,539,860 500: Equipment, Land & Structures 1,662,894 426,914 360,550 361,423 280,300 600: Special Payments 643,724 683,061 702,490 689,458 677,130 31 100: Personnel Services 13,868,104 13,200,596 13,699,630 13,691,868 13,760,220 200: Utility Comm. & Transportation 59,002 60,552 53,500 47,424 45,000 300: Supplies, Materials & Services 923,472 1,289,819 1,349,060 1,300,714 1,331,340 500: Equipment, Land & Structures 178,868 107,230 107,230 107,230 107,230 600: Special Payments 759,139 760,071 758,660 758,660 756,480 40 100: Personnel Services 8,695,581 8,026,252 8,356,030 8,348,524 8,464,730 200: Utility Comm. & Transportation 19,970 22,756 21,200 21,900 20,750 300: Supplies, Materials & Services 608,190 642,862 653,360 660,087 704,670 500: Equipment, Land & Structures 218,002 130,690 130,690 31 111 1 130,690 130,690 60 100: Personnel Services 1,401,763 967,887 1,109,150 1,114,288 1,016,660 200: Utility Comm. & Transportation 9,822 9,781 9,620 8,755 8,690 300: Supplies, Materials & Services 573,621 438,360 564,110 517,897 491,660 500: Equipment, Land & Structures 1,021,135 112,780 62,110 53,983 42,380 600: Special Payments 9,619 71 0 50 0 76 100: Personnel Services 452,175 471,955 481,230 470,379 449,520 300: Supplies, Materials & Services 80,213 50,003 128,870 139,678 62,450 94 100: Personnel Services 440,992 422,127 430,300 430,930 419,940 200: Utility Comm. & Transportation 1,105 931 1,090 900 1,300 300: Supplies, Materials & Services 82,087 (29,628) 38,460 37,960 24,700 107 100: Personnel Services 539,578 513,554 561,310 486,717 387,940 200: Utility Comm. & Transportation 1,451 1,307 1,250 420 0 300: Supplies, Materials & Services 9,919 46,336 15,240 90,586 23,110 112 100: Personnel Services 3,234,567 3,041,053 2,951,660 2,976,751 2,852,610 200: Utility Comm. & Transportation 24,749 22,287 22,700 21,750 19,950 300: Supplies, Materials & Services 438,490 406,297 474,440 441,261 497,080 500: Equipment, Land & Structures 5,743 3,445 0 9,000 0 600: Special Payments 3,751 1,034 0 30 0 122 090: Operating Transfers Out 10,642,483 5,728,846 3,602,550 3,602,550 3,602,550 100: Personnel Services 6,002,167 5,881,473 6,683,070 6,390,243 5,824,120 200: Utility Comm. & Transportation 77,049 68,702 70,940 71,470 53,420 300: Supplies, Materials & Services 1,647,455 1,910,510 2,257,704 2,295,321 1,979,960 500: Equipment, Land & Structures 602,973 870,784 1,662,084 1,547,710 1,115,800 550: Fleet 49,878 99,663 174,268 169,160 97,000 600: Special Payments 26,225,310 17,077,774 15,544,643 15,548,943 15,448,940 800: Bulk Power Purchase 46,404,576 37,548,114 43,205,800 37,013,625 40,468,090 900: Capital Projects0 (1) 4,003,021 2,211,139 3,330,500 160 090: Operating Transfers Out 18,690,505 3,551,451 1,060,120 1,060,120 1,060,120 100: Personnel Services 1,463,249 1,317,693 1,403,580 1,411,324 1,459,900 200: Utility Comm. & Transportation 804,908 764,755 721,150 721,180 720,950 300: Supplies, Materials & Services 2,957,276 895,347 1,650,605 1,705,677 577,510 400: Work for Others 322,520 287,850 345,000 345,000 315,000 500: Equipment, Land & Structures 6,855 51,404 1,231,640 1,516,637 47,000 550: Fleet 29,421 13,859 50,000 50,000 77,500 600: Special Payments 1,524,708 118,474 2,276,319 1,601,978 3,033,960 800: Bulk Power Purchase 1,200,000 1,212,000 1,224,000 1,224,000 1,236,240 900: Capital Projects (1) (1) 20,101,388 14,581,210 33,051,000 202 090: Operating Transfers Out 12,191,626 18,155,200 1,451,480 1,451,480 1,451,480 100: Personnel Services 3,008,822 2,889,217 3,282,310 3,214,765 3,303,560 200: Utility Comm. & Transportation 869,129 847,295 818,500 798,500 857,350 300: Supplies, Materials & Services 1,832,737 1,666,944 3,138,143 2,611,751 2,375,740 400: Work for Others 0 0 36,700 35,000 20,000 500: Equipment, Land & Structures 331,205 569,219 3,931,045 1,428,990 106,000 550: Fleet 29,421 73,214 607,148 575,000 177,500 600: Special Payments 3,113,329 3,163,749 4,314,940 4,314,940 4,329,770 900: Capital Projects 2 2 2,024,958 3,986,301 7,655,000 226 RESOLUTION NO. 2011-88 A RESOLUTION OF THE LODI CITY COUNCIL ADOPTING THE CITY OF LODI FINANCIAL PLAN AND BUDGET FOR THE FISCAL YEAR BEGINNING JULY 1, 2011 AND ENDING JUNE 30, 2012, AND APPROVING THE 2011/12 APPROPRIATIONS SPENDING LIMIT WHEREAS, the City Manager submitted the 2011/12 balanced Financial Plan and Budget to the City Council on May 19, 2011; and WHEREAS, the 2011/12 Financial Plan and Budget was prepared in accordance with the City Council's goals, budget assumptions, and policies; and WHEREAS, the City Council conducted public budget meetings on May 3, May 10, May 17, May 24, and June 1, 2011, at the Carnegie Forum; and WHEREAS, the City Council is required to adopt the Appropriations Spending Limit for 2011/12; and WHEREAS, the Appropriations Spending Limit and the annual adjustment factors selected to calculate the Limit are part of the Financial Plan and Budget. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Lodi as follows: 1. That the 2011/12 Financial Plan and Budget, as proposed by the City Manager, be approved as follows: Budget General Fund Police $16,000,2 0 Fire $ 9,320,840 Public Works $ 1,559,390 City Clerk $ 511,970 City Manager $ 411,050 City Attorney $ 445,940 Internal Services $ 3,369,640 Economic Development $ 568,350 Non -Departmental $ 9,067,890 Total General Fund $ 41,255,340 Other Funds Electric Utility $ 71,920,380 Water Utility $ 41,579,180 Wastewater Utility $ 20,276,400 Transit $ 5,840,940 Streets $ 4,241,290 Community Development $ 1,110,500 Parks, Rec & Cultural Services $ 5,785,940 Libra $ 1,426,950 Transportation Development Act $ 50,000 Community Dev Block Grant $ 1,134,220 Public Safety Special Revenue $ 100,000 Capital Outlay $ 1,039,380 Equip & Vehicle Replacement $ 345,000 Debt Service $ 1,669,020 Benefits $ 7,210,210 Self Insurance $ 2,498,000 Trust and Agency $ 328,590 Fleet Services $ 1,896,400 Total Other Funds $168,452,400 Total $209,707,740 2. That the funds for the 2011/12 Financial Plan and Budget are appropriated as summarized in the document on file in the City Clerk's Office; and 3. That the Appropriations Spending Limit be increased by $2,367,907 from the 2010/11 level of $75,523,822 to the 2011/12 level of $77,891,729. Dated: June 1, 2011 I hereby certify that Resolution No. 2011-88 as passed and adopted by the City Council of the City of Lodi in a regular meeting held June 1, 2011, by the following votes: AYES: COUNCIL MEMBERS — Hansen, Katzakian, Mounce, Nakanishi, and Mayor Johnson NOES: COUNCIL MEMBERS — None ABSENT: COUNCIL MEMBERS —None ABSTAIN: COUNCIL MEMBERS — None qRA JO City Clerk 2011-88 City Council Meeting June 1, 2011 udget I Overview ■ General Fund balanced ■ Significant issues ■ Major capital projects ■ Changes from Draft Budget 2 All Funds ■ Total appropriation of $209,707,740 ■ Total revenue of $206,255,790 ■ Drawdown of reserves primarily in Electric Utility o Related to deferred maintenance projects K. General Fund ■ Balanced without using reserves ■ Total revenues and appropriations of $41,255,340 ■ Recommending 4 layoffs in lieu of concessions 0 4 in the Police Officers Association 4 General Fund Overview J General Fund Fund Balance Beginning Fund Balance Unreserved Revenues Expenditures Net Difference (Revenues Less Expenditures) Fund Balance Ending Fund Balance Unreserved Audited Audited Estimated 2008.09 2009.10 2010.11 2010.11 2011.12 Actuals Actuals Budget Actuals Budget 4,159,007 3,383,191 3,831,962 3,896,576 3,961,428 41,015,454 40,547,920 41,321,750 41,321,690 41,255,340 41,791,270 40,034,535 41,371,750 41,256,838 41,255,340 (775,816) 513,385 (50,000) 64,852 - 3,383,191 3,896,576 3,781,962 3,961,428 3,961,428 Staffina J Fiscal Year Authorized Funded 2009/10 457 421 20010/11 455 418 2011/12 440 388 Employee Concessions J ■ Council Appointees, Executive Management, Confidential employees and IBEW approved May 4 ■ All other groups except Police Officers Association and Dispatchers Association on tonight's agenda o Dispatchers Association expected to be on June 15 agenda ;, Employee Concessions J * Equal to 9.96% of pay to be taken as a combination of furlough, waiver of admin leave cash out or deferred comp match Waive Waive 20 Deferred hours Fixed Floating Lowest Waive Waive Waive Total Salary PERS Comp Admin Furlough Furlough Cost Vacation Holiday Waive OT CTO Cash Org Estimated Bargaining Unit Reduction Payment Match Cash Out Hours Hours Medical Cash Out Cash Out Cash Out Changes Savings Council Appointees 7% $46,835 Executive Management 7% $108,580 Confidential Mid Managers 1% 96 48 $96,525 Confidential 1% 96 48 $27,375 Fire Mid Management 1% 207' $86,410 Hold 3 positions vacant/ Fire 5.3% unfunded $329,517 Mid Management 3.3% 96 $320,597 General Services 1% 96 48 $562,320 Maintenance & Operators 1% 96 48 $553,220 Reduced Elimination COLA from of 3 IBEW 3.5% to 2% positions $301,000 Police Mid Management 1% 96 $202,330 Police Officers Association $0 Dispatchers $0 Totals $2,634,709 * Equal to 9.96% of pay to be taken as a combination of furlough, waiver of admin leave cash out or deferred comp match Maior Cost Increases ■ Total salary and benefit cost increase over FY 2010/11 o $6.6 million city-wide (without concessions) ■ $4.2 million in General Fund ■ Drivers of major cost increases o Worker's Comp $2.2 million city-wide ■ $1.2 million in General Fund o PERS Retirement $1.2 million city-wide ■ $0.9 million in General Fund o PERS Medical $0.9 million city-wide ■ $0.4 million in General Fund Worker's Comp ■ Actuarial every 2 years ■ Estimated June 30, 2010 liability o At 6/30/08 actuarial (70%) $5.5 million o At 6/30/10 actuarial (55%) $7.4 million ■ Estimated June 30, 2012 liability o At 6/30/12 actuarial (55%) $7.6 million ■ Actual reserve at 6/30/10 $6.2 million 10 Worker's Comp J ■ Significant increase due to severity of claims during reporting period o Total number of claims stable ■ Current activity moderating ■ Expect lower actuarial liability ■ Contracting for actuarial as of June 30, 2011 11 Worker's Comp J ■ Proposing to fund actuarial deficit over a two-year period 12 Retirement J ■ Composed of Employer and Employee share ■ Historically, all paid by the City ■ Most employees begin paying all or a portion of the Employee share in FY 2011/12 ■ Maximum of 7% for Miscellaneous and 9% for Safety 13 Retirement ■ Past and future Employer Share Fiscal Year Misc. Safety 2010/11 11.727% 23.838% 2011/12 13.680% 30.380% 2012/13 Est. 14.800% 31.600% 2013/14 Est. 1 17.900% 1 35.500% 14 Medical Costs ■ Contract with CalPERS for medical coverage ■ Historically, almost all cost paid by City o Employee share ■ $0 for single coverage ■ $80/month of employee +1 coverage ■ $104/month for family coverage ■ Projecting 12% increase in rates 15 Medical Costs J ■ Most employee groups moving to City paying for lowest -cost medical based upon January 1, 2012 plan costs o Employee continue to pay share of cost noted earlier o Employee pay for plan costs above lowest -cost HMO 16 Maior Capital Projects ■ Surface Water Treatment Plant ($28.8M) ■ Biosolids Dewatering Plant ($4.5M) ■ Water Meter Installation Phase 1 ($2.3M) ■ Wastewater Main Replacement Project #5 ($2.1 M) ■ 12 kV Underground Cable Maintenance ($ 1. 1 M) ■ Transit Shop Solar Project ($1.OM) ■ Cape Seal Project ($1.OM) 17 Draft Budaet Changes J ■ Draft budget prepared prior to employee concessions, management changes and early retirements o "Additional Reductions Needed" line item captured additional salary and benefit increases 18 Draft Budaet Changes ■ Fund/Department Summary pages now reflect impact of: o Early retirements o Employee concessions o Reduction in Worker's Comp expense o Elimination of external LTD policy 19 General Fund Changes J Department 2011/12 Draft Budget 2011/12 Recommended Budget Increase/ (Decrease) City Clerk $485,670 $511,970 $26,300 City Manager $405,840 $411,050 $5,210 City Attorney $454,570 $445,940 ($8,630) Internal Services Department Total $3,503,270 $3,369,640 ($133,630) Non -Departmental $2,078,640 $2,078,640 $0 Economic Development $568,350 $568,350 $0 Police $15,961,380 $16,000,270 $38,890 Fire $9,247,770 $9,320,840 $73,070 Public Works $1,560,600 $1,559,390 ($1,210) Library $1,349,180 $1,349,180 $0 Community Development $150,200 $150,200 $0 Parks, Recreation, Cultural Services $3,881,520 $3,881,520 $0 Streets $554,600 $554,600 $0 Capital Projects $1,053,750 $1,053,750 $0 Total $41,255,340 $411255,340 $0 20 Enter rise Fund Changes ■ Electric, Water and Wastewater o No changes to revenue or expense ■ Transit o Increased expenses by $27,750 o Absorbed by Fund Balance 21 ISIDecial R Fund Changesam J ■ Library o Restore $50,000 book budget and $66,300 for part-time staff ■ No net change in appropriation ■ Community Development o Increase appropriations by $43,540 o Reduces amount of deficit reduction 22 ISDecial R Fund Changesam J ■ PRCS o Expense reduction of $169,450 ■ Results in reduction of cumulative deficit o Movement of one position to Police Department 23 Action Recluested J ■ Adopt resolution approving the City of Lodi Financial Plan and Budget for FY 2011/12 and approving the FY 2011/12 Appropriation Spending Limit 24