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HomeMy WebLinkAboutMinutes - June 14, 2011 SSLODI CITY COUNCIL SHIRTSLEEVE SESSION CARNEGIE FORUM, 305 WEST PINE STREET TUESDAY, JUNE 14, 2011 A. Roll Call by City Clerk An Informal Informational Meeting ("Shirtsleeve" Session) of the Lodi City Council was held Tuesday, June 14, 2011, commencing at 7:05 a.m. Present: Council Member Hansen, Council Member Katzakian, Council Member Nakanishi, Mayor Pro Tempore Mounce, and Mayor Johnson Absent: None Also Present: City Manager Bartlam, City Attorney Schwabauer, and City Clerk Johl B. Topic(s) B-1 Receive Presentation from John Johns, Financial Consultant for the Lodi Professional Firefighters Association Regarding Revenue Creation Ideas (CM) City Manager Bartlam and Firefighter Brad Doell briefly introduced the subject matter of the presentation by John Johns, financial consultant for the Lodi Professional Firefighters Association, regarding revenue creation ideas. John Johns provided a presentation regarding revenue creation ideas as outlined in the Council Communication. Specific topics of discussion included Mr. Johns' professional background, analysis and findings regarding the 2011/12 fiscal year budget, realizing a prior year budgetary surplus, participation in the CalPers pension pre -payment program, business license canvassing and enforcement, recapturing wastewater enterprise contributed capital, and budgeted versus actual funds and reserves. In response to Mayor Pro Tempore Mounce, Mr. Johns stated the typical reserve amount for cities in normal economic times is 12% to 24%, or about $5 million for Lodi. He stated in abnormal times he has seen reserve amounts from zero to 15%. In response to Council Member Hansen, Deputy City Manager Jordan Ayers stated the prior year budgetary surplus reference refers to a budgetary variance, which may or may not be cash in the pocket. Mr. Ayers stated the actual fund balance is cash in the pocket and the variance is the difference between what was budgeted and what was actually generated as revenue or spent as expenditures. In response to Council Member Hansen, Mr. Bartlam and Mr. Ayers stated the CalPers pre- payment program gives entities an opportunity to pre -pay the employer's share in exchange for a discount, the number is calculated based on payroll numbers from two years prior, and depending upon the variance an entity will have either pre -paid an additional amount or owe more. Mr. Ayers stated that the program may not be viable because the number of employees in the City has declined over the last two years. In response to Council Member Nakanishi, Mr. Bartlam stated lower rates may or may not be beneficial as the 2014-2015 rate of return for CalPers remains unknown and in the case of a shortage the City will need to make up the difference. In response to Council Member Nakanishi, Mr. Bartlam stated the City does pay in advance in lump sum in some cases such as debt service. Continued June 14, 2011 In response to Council Member Nakanishi, Mr. Bartlam stated there is a balance between the reserve amount for utilities and the general fund, cash flow, operations, and the policy decisions associated with the same. In response to Mayor Johnson, Mr. Johns stated the amount of the employer's share is known, the amount of the program discount is known, and the utilities would recover the amount borrowed for the pre -payment over a 12 -month period, during which the General Fund would make monthly payments to the utility funds. In response to Council Member Hansen, Mr. Johns stated Santa Clara County and a few other cities in the State are taking advantage of the pre -payment program and benefiting at the expense of others not participating in the program. In response to Council Member Nakanishi, Mr. Johns stated that, while he has not researched the option, the City may have the ability to go outside and borrow for the pre -payment, although it would not incur additional cost if it borrowed internally instead from utilities. In response to Mayor Johnson, Mr. Johns stated he is not aware of anything unusual in the case of Los Angeles and San Francisco airports or the Stockton Redevelopment Agency participating in the capital contribution program. In response to Council Member Hansen, Mr. Johns stated he did not factor into his analysis for the capital contribution program current capital projects including the new treatment facility, pipe replacement project, or water meter installations. In response to Council Member Hansen, Mr. Ayers provided a brief overview of the business license enforcement efforts through a program with the Franchise Tax Board. Mr. Ayers stated the amount of revenue generation from the program is unknown at the current time. In response to Mayor Pro Tempore Mounce, Mr. Bartlam stated staff will bring back to Council an update on the proposed suggestions after the numbers have been reviewed in more detail. C. Comments by Public on Non-Aaenda Items None. D. Adjournment No action was taken by the City Council. The meeting was adjourned at 8:05 a.m. ATTEST: Randi Johl City Clerk N AGENDA ITEM la 40 CITY OF LODI COUNCIL COMMUNICATION TM AGENDA TITLE: Receive Presentation from John Johns, Financial Consultant for the Lodi Professional Firefighters Association Regarding Revenue Creation Ideas MEETING DATE: June 14, 2011 PREPARED BY: City Manager RECOMMENDED ACTION: Receive presentation from John Johns, financial consultant for the Lodi Professional Firefighters Association regarding revenue creation ideas. BACKGROUND INFORMATION: The Lodi Professional Firefighters Association has retained John Johns to assist it with understanding the City's financial condition. Mr. Johns has reviewed the City's revenue and expenditures. In a meeting with Jordan Ayers and me several weeks ago, Mr. Johns informed us that he felt the City had done an honest job in preparing the City's budget and could find no abnormalities. Mr. Johns did outline several revenue -creation ideas that he felt should be presented to the City Council. In an effort to provide open access to the Council, this Shirtsleeve meeting will allow Mr. Johns and the members of the Association to present their concepts. FISCAL IMPACT: No specific impact is noted. Potentially, additional revenues could occur depending on City Council direction and action. FUNDING AVAILABLE: Not applicable. Konradt Bartlam City Manager APPROVED: City Manager John P. Johns 1109 Radcliffe Dr. Davis CA 95616 650 644 7212 Employment History Background 2001-2010 John has 24 years' experience in state and local government both as a Town of Atherton, consultant and as a corporate officer. California From 2001 to 2010 John served as the Finance Director with the Town of Atherton, California. In this role, Mr. Johns' was responsible for financial 2000-2001 planning and analysis, financial reporting, treasury, information systems IBM Global Services and procurement. During his 15 years as a management consultant, John held the position of 1999-2000 principal with IBM Global Services and as director with KPMG LLP as well KPMG LLP as senior management positions with smaller firms serving the state and local government market. 1996-1999 Mr. Johns experience includes: MAXIMUS 0 Budgeting and financial reporting • Benchmarking and best practices analysis 1986-1996 Harvey M. Rose • Financial, compliance and performance audits in accordance with US Accountancy Corporation GAO Auditing Standards • Forensic accounting Education . Revenue enhancement Bachelor of Science, • Technology related consulting University of California at Berkeley MBA, Santa Clara Mr. Johns currently practices as an independent CPA providing auditing, University litigation support and management advisory services to state and local governments and various private sector clients. Relevant Experience and Qualifications Certification . Planned and directed a comprehensive performance audit of the City of CPA Seattle Public Utilities Department for the Washington State Auditor. Awards ■ Served as contract auditor for the State of Alsaka Legislative Audit Atherton Civil Interest Division. League of Merit, 2004 ■ Conducted a quality assurance review of the City of Los Angeles' Atherton City Council efforts to modernize its treasury accounting systems used to manage a Resolution of $5 billion investment portfolio.. Commendation, 2010 • Analyzed revenues and expenditures accounts including personal services, categorical aid payments and capital projects with a combined value of nearly $500 million in support of the Santa Clara County's independent review of the County Executive's proposed operating and capital budgets. ■ Served as project manager for payroll implementation for Sutter County, California an entity with a $300 million operating budget. His Pagel 1 duties included requirements definition, the preparation of an RFP and assistance in selecting a preferred vendor for both technology and implementation support. • Served as project manager for a comprehensive performance audit of the Arizona Department of Transportation's 20 year, $7 billion regional freeway construction program. This project entailed examining the Department's to establish effective change controls, and to establish a timely and reliable financial and management reporting capability. ■ Participated in the development of over 300 functional specific performance metrics as part of a comprehensive strategic planning project for an agency with over $1 billion in annual revenues and expenses. ■ Identified alternatives available to the City and County San Francisco Public Utilities Department to provide for greater interoperability between the various systems used for maintenance scheduling, materials management, customer service and general ledger, which were based upon different programming languages and different architectural standards. Other Qualifications • Over ten years of project management experience ■ Supervisory experience in a project management capacity as well as in a department director capacity ■ Is an internationally recognized speaker in the topics of fiscal stewardship and governance ■ Adjunct lecturer at Sacramento State University and UC Extension Berkeley Page 2 Transmitted Via Electronic Mail John P. Johns, CPA 1109 Radcliffe Dr Davis, CA 95616 650 644 7212 johnplohns@gmail.com Mr. Brad Doel President Lodi Professional Firefighters Local 1225 brad@lodifirefighters.com May 24, 2011 Dear Brad: Pursuant to your request, transmitted herein is my report upon the analysis of the City of Lodi City Manager's recommended budget for Fiscal Year 2011-12. Pursuant to my engagement letter of April 26, 20111 have: • Assessed the reasonableness of the City's revenue and expenditure projections for FY 2011-12; and, • Sought to identify opportunities to mitigate the projected General Fund deficit without impacting staffing and compensation levels within the City. Based upon these activities my findings are as follows: The City's projections of General Fund revenues and expenses for FY 2011-12 appear to be reasonable. However the City's budget does not take into account the effect of favorable variances in the General Fund balance that have accumulated during the past two fiscal years. Accordingly, as much as $1 million in budgetary savings that have accumulated during the 24 months ended June 30th 20101 2 could be drawn upon to mitigate the budgetary shortfall anticipated in 2011-12. The City Manager's recommended budget includes a city-wide appropriation of $8.3 million in California Public Employee Retirement System (PERS) contributions. As of June 30th, 2010 the City of Lodi had cash available to invest in the amount of approximately $70 million. Of this amount approximately $56 million was invested in the State of California Local Agency Investment Fund (LAIF). During the past 8 months, the effective yield on LAIF investments has ranged from .5% per annum to .75% per annum. By the same token the State of California Public Employee Retirement System allows 1 http://www.lodi.gov/finance/pdf/CAFR-2009-10.pdf, page 79 2 http://www.lodi.gov/finance/pdf/CAFR2008-09.pdf, page 75 Mr. Brad Doel May 24, 2011 Page 2 of 3 participating agencies to prepay the PERS obligation and realize an immediate savings of 7.75% of the annual required contribution. Accordingly, if the City of Lodi were to engage in inter -fund borrowing to pre -pay its annual required contribution to PERS it is estimated that the City of Lodi would save approximately $280,000 in employee retirement costs net of interest expense. From 1925 to 1965, the City of Lodi invested approximately $800,000 of discretionary funds to make various improvements in its wastewater collection and treatment systems. This investment was over and above improvements financed through general obligation or revenue bonds issued by the City. When applying a capitalization rate of 4.5% per annum, the value of these improvements in FY 2011 dollars amounts to approximately $12 million. I have inquired of the City Manager as to whether the City has ever requested or obtained repayment from the Wastewater Enterprise Fund for this contributed capital. To date I have received no information from the City Manager which would indicate such is the case. Hence, by requiring the Wastewater Enterprise Fund to repay the General Fund in equal installments over the next six fiscal years approximately $2 million would be available to the General Fund in FY 2011-12. During FY 2011-12, the City of Lodi expects to realize $950,000 in business license tax revenue. This represents a decline in the amount of $87,000 from the business license tax collections in FY 2008-09. I have conducted limited canvassing of businesses in the City of Lodi. Additionally, I have inquired of the City as to whether an ongoing program exists to audit businesses to ensure that businesses fairly represent their income and related tax liability (such as validating merchant business license tax returns with data provided by the California Board of Equalization). The results of this canvassing and the City's response to my inquiries strongly suggest that at least $50,000 in annual revenue, net of related expenses could be realized through an aggressive program of enforcement. This estimate is admittedly subjective but is based upon my own personal experience in performing similar services to other communities. In conclusion I have identified budgetary savings of approximately $3.3 million as a result of my research. These findings are summarized in the following table. Mr. Brad Doel May 24, 2011 Page 3 of 3 Item Amount Realize prior year budgetary surplus $1,000,000 Business License Canvassing and Enforcement 50,000 Total $3,330,000 According to the City Manager's proposed budget, an additional $4.2 million in savings must be achieved in order to achieve a balanced budget3. Hence by incorporating the findings herein, the deficit could be reduced from the current level of $4.2 million to approximately $870,000. I will be available to present these findings and the supporting documentation thereto to the City Council and the City Manager in a work session early next month. I thank you for the opportunity to be of service. Respectfully Submitted J.,G ol'%isss, lcj6a 3 http://www.lodi.gov/finance/pdf/FY%2011-12%20Lodi/`20Budget.Draft.pdf, page 31 MY OF LODI SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL GENERAL FUND Year aided June 30,2M 75 Vedanta whh Origkiel Final Actual Final Budget '� REVENUES Tams s 23,979,050 23,497,000 23,518,184 3 19,104 Lir www and pandits 79.900 79,900 61,793 (17,517) lr&orgovwrffwM revenues 10.937.000 9,983.01X1 8,957,410 (se5,14Q Charges for swAms 1.188,220 1.292.950 1.058,137 [297,813) Fines, lblfam and pa wbas 1.257A00 1,267A00 1.475174 157.774 kwadmordandmitallrmme 270,500 270AM 231,181 !39.3191 U6009KNOW revenue 953.800 93.300 448A04 868.104 Told revenues EXPENOITURE8 90�858�780 38.423.510 35. 8265_ 7[ W 2_571_ Clfrant Ga mA govenrne it: Clty Ommcal 111,834 110,894 105,484 5,960 Clty LhrRW 1,138,130 1.08501 1,080,920 24,711 CRY Clerk 489.1198 458238 419,900 88.830 CIYAlbntey 400,687 524.184 518,959 5245 Flumen Remurces 828267 564588 521,447 33,119 hft.. umSyvmm 1,071,547 1,075,398 IRM70 50,9Q0 Frrtenriel SoMm 1.706,947 1,902,12D 1.542,780 19,352 BudgetandTmasury 842,798 551,319 542,945 8,374 Nm Departrnentel 1,400,106 1281.045 1,185,215 46,890 Totel9enerel go -frac -It 7,949,284 7,133,395 T 6,922 090 231,239 Pubic pwk cW: Poke 15,904,805 15,481,474 15-W.921 81.553 Fim 9.140.875 9.177.988 9.083.850 114.136 Tolalpubkpr *Won 24.945,540 24.869.480 210,771 195m PuhlacVVpks 3,508844 3,297,128 2,957AM 329.724 Lbr-Y 1.840.020 1,541.159 1.499.720 41.4M Parke 2,200800 2.322,991 2,18Q095 162.956 Debt servile: hnerest and %cat chargm 18,516 1&,516 18.518 Prindpal paw -ft 129,487 129,487 128.487 Total debtservko 148,009 148,003 148,000 TotaleWendltm 39,793,171 39,122,074 30,181,027 981,047 DEFICIENCY OF REVENUES UNDER EXPENDITURES (IJ34,3811 '. (2898.5041 {2.457.774) 230,790 OTHER FKkNCM SOURCES (USES) Trandws in 5,502,330 5,357,953 5,387,953 Ttermers out [9813,84414442803 [4442 803] al Totolher TirwmV sawees Puses) 1.885 885 - 925.100 NFT CHANGE IN FUND BALANCE 754296 11.778.484) (1.542.874) 230,790 FUN] BALANCE. beginning 4f year 4.534,293 5,300+582 5.300.852 FUM BALANCE, end of year 5� 6288.588 3,585,390 3,7661 B8 s The rim to, the requlwd aupplemenury k%b.,Blbn is an invWW part ct ft schedule. 75 EXPENDITURES Current Gackycerw pramcB em C%yC CrIY OF LODi 75,871.038 27.786 544 c4v mar1aw SCHEDULE OF REVENUES, EIIPEMDP(URES AMD C&UkNM IN FOND SALANCE- BUDGETANOACTUAL 1.088.538 eeNERALFUND CNY Clerk 416,820 406,600 400.145 6.754 Year ended Jerre $0, 2075 462.890 435.347 393AM 47.937 E>udaet 536.183 502,94$ 454AN Vsrwm wim odmilmo(m syskm Anel _ Final hZV FAW 2a!!ei REVENUES Terms $ 72939,797 72897,791 23,11S,46i 5 167.270 Lioer m artd perdu 87,950 87,950 -1,171 4,221 kowgoyer+imanw revenues 8=755 8,27&755 7,777,471 (E06.6") Cl7erwforsonlim 901.122 901.122 1,343,189 442.071 Fires 1arleifa and per>a W 1219.000 1,279.000 1.441.854 752,354 InvosIrrlerdand (ental WK=w 449.475 449.475 518,804 86,829 MhEokffmwe revenue 132 001 782300 462,592 930292 Totalrerenues 34JMM &0.039.790 34,:20.152_ _ 688,359._ EXPENDITURES Current Gackycerw pramcB em C%yC 129,786 722,396" 75,871.038 27.786 544 c4v mar1aw 1A4137 1.040.544 1.088.538 7.006 CNY Clerk 416,820 406,600 400.145 6.754 C 4Y p,ft ney 462.890 435.347 393AM 47.937 Hurries Reeaeoae 536.183 502,94$ 454AN 48,542 odmilmo(m syskm 965.135 W490 i1 24.SM FimncWServices 1ADWO 1,620Am 1.878.792 7.774 Budgatand TMWLNY 556,680 480,278 476,068 8.710 NaYpapalEalBnlal11420634 1,098,779 982.144 104A Tatd panarsi gmermnard 230317 Pd* proledim Palo a 14,847,826 i5,888.824 75,871.038 27.786 FNe8,477.969 a 559,655_ 23.898:479 _ 6543551 15788 28,8549W 43 A4 TalarpuLNloproledm 23285.797 putocvvom 1,978401_ 7.580573 7A71779 58794 Ub-y 15 A1R 32858 perks 2,W9M 22W;W2 2.234.949_ 7.978 Dept service: karooand itedd oWs 12,578 12.578 72,579 1$SAM _ Imm 135 TcW daM serWm 140.000 148 0R3 148 TOW eoRerrdikm" 85.827 3walus 36,442.629 � 375.678 DEFICENCY OF REVENUES UNDER EXPENDITURES (1,787214) M� (710677]_ 1,061,875 OTHER FINANCING SOURCES {USES) Transfers In 5,867.963 5.881.983 5987 985 TransfaraaA [4A32<2A� 4MM [=.6312781_ TOtal ww t;r rg so__ (uses) 124571* 1 1.285.705 NETCFWNGE 6N FUNO BALANCE (551.6081 (SQ,847) MOM 1,067,875 F7INDBALANCE. boQWMin9dyeer 5,845,711 3,945,7i1 3,766.788 (179,523) FUND BALANCE, end of Year S� 5.894 3 El64 X162162 861367 17re note io � re4ugad supplernardarY illorrrurtlan � an part of 979 adladrle 79 ASSM Cash and investments Reabicted assets Receivables: Accounts, net Properly #axes Interest Due from other funds Due from other governmental agerKmm Loan receivable Imvent'ory Advances to other funds Other assets Total assets LIABILITIES AND FUND BALANCES Liabilities: Accounts payable and other liabilities Aoratied salaries and wages Due to other funds Advances from other funds Deferred revenue Total gabts8es Fund balances: Reserved Unreserved reported In: General Fund Special revenue funds Capital proocts.funds Total fund balances Total liabilities and fund balances CITY OF LODI BALANCE SHEET GOVERNMENTAL FUNDS June 30, 2010 General Fund Other Goverrunerdal Funds Total Governmental Funds $ 2,304,189 14.400,143 $ 16.704,332 1,687,521 1,687,521 2,691,688 1,277.473 309.159 1,537,234 1,537,234 7,770 15,818 23,588 1,327,820 214,910 1,542,730 125.085 1,670: 448 1.795, 473 1,084.000 1,084,000 844 844 305.560 343,385 648,945 291524 1,290 30,814 $ 8,329 892 20.694.948 $ 29,024,840 $ 1,880,010 1,328,421 $ 3,208,431 2,080,980 2,080,980 1.542,730 1,542,730 1,874,118 1,874,118 83.486 3.536,424 3,619,910 4,044,476 8,281,693 12,326,169 388,640 7.800.M 8,189,579 3,895,576 3,M.576 962,927 962,927 3,649,389 3,649.389 +1285,216 92,413255 16,698,471 $ 8,329,692 20,694,948 $ 29,024,640 The notes to the financial statements are an integral part of this statement- 21