HomeMy WebLinkAboutMinutes - February 9, 2016 SSLODI CITY COUNCIL
SHIRTSLEEVE SESSION
CARNEGIE FORUM, 305 WEST PINE STREET
TUESDAY, FEBRUARY 9, 2016
A. Roll Call by City Clerk
An Informal Informational Meeting ("Shirtsleeve" Session) of the Lodi City Council was held
Tuesday, February 9, 2016, commencing at 7:00 a.m.
Present: Council Member Johnson, Council Member Mounce, Mayor Pro Tempore Kuehne,
and Mayor Chandler
Absent: Council Member Nakanishi
Also Present: City Manager Schwabauer, City Attorney Magdich, and City Clerk Ferraiolo
NOTE: Mayor Pro Tempore Kuehne left the meeting at 7:51 a.m.
B. Topic(s)
B-1 Discuss Framework for Long -Range Budget Policies (CM)
Deputy City Manager Jordan Ayers summarized that last week's Shirtsleeve Session focused on
the budget and reserve policies, while this week's topic discusses concepts for long-range budget
policies. He stated that this process will take three steps: 1) Council feedback and direction on
proposed policy issues; 2) policy adoption by Council; and 3) implementation of the policies.
Mr. Ayers stated that staff will return in late summer or early fall with proposed policies for Council
consideration and adoption, after which Council can choose to implement the policies at either
the 2016/17 mid -year budget review or at the 2017/18 budget adoption.
Mr. Ayers provided a PowerPoint presentation regarding the framework for long-range budget
policies. Specific topics of discussion included goal, Capital Improvement Plan, capital
replacement - vehicles, capital replacement - facilities, capital replacement - information
technology, Other Post -Employment Benefits (OPEB) funding, pension stabilization, and
recommended priorities.
Mayor Pro Tempore Kuehne questioned if staff would be providing Council with the funding
priorities for the monies set aside for street rehabilitation and other projects prior to any funds
being spent. Council Member Mounce further clarified the question, asking if staff would provide
that information to Council during budget review prior to the final printing of the approved budget.
Mr. Ayers stated the purpose of a Capital Improvement Plan is to set forth the priorities over the
next five years and the schedule for those projects, all of which will be a part of the published
budget document. City Manager Schwabauer added that, during the budget presentations at
Shirtsleeve Sessions and Regular Council meetings, staff will include this information in order for
Council to ask questions, make comments, and request amendments.
Mr. Ayers responded to a question that was posed at the previous Shirtsleeve Session regarding
useful life of vehicles, stating that the City's criteria is set forth in the Comprehensive Annual
Financial Report, which is 5 to 15 years, depending on the nature of the vehicle.
In response to Mayor Pro Tempore Kuehne, Mr. Ayers stated that the tax concept is not
applicable to the City; therefore, there is no tax depreciation associated with vehicles. The City
utilizes a straight line depreciation, and he used the example that a $20,000 vehicle with a four-
year lifespan would need $4,000 set aside each year for replacement.
Council Member Mounce appreciated staffs effort in creating appropriate equations to ensure all
assets can be repaired or replaced, but she expressed concern with how the City will ultimately
1
achieve this goal, particularly with the pension issue and the set-aside funding for assets that
were never covered in the past. Mr. Schwabauer stated that staff acknowledges this goal is larger
than the near-term ability to accomplish, but he stressed the importance in ascertaining the
needs so the City can systematically meet its goals. In response to Council Member Mounce,
Mr. Ayers stated that former City Manager Blair King created the vehicle replacement fund and
money was set aside, although it is an insufficient amount. Council Member Mounce requested
information on how much money was set aside in the vehicle replacement fund and for Parks and
Recreation for the last five years. Mr. Ayers stated that the current projection as of June 30, 2016,
is $1.1 million set aside for general fund functions, and he stated he would provide a breakdown
for the last five years.
In response to Mayor Pro Tempore Kuehne regarding the previous question, Mr. Ayers reiterated
that $1.1 million is set aside at this time, but the amount necessary is $4.1 million, i.e. $3.1 million
short.
Mr. Ayers stated that the useful lifespan for major systems relating to facilities would be 15 to 20
years and for information technology equipment 3 to 10 years, depending on the equipment.
Council Member Mounce requested that Mr. Ayers clarify for the media that the City of Lodi does
not provide healthcare for retirees. Mr. Ayers stated that the City pays $130 per employee per
month for healthcare as mandated by the California Public Employees Retirement System (Cal -
PERS) and converts sick leave to healthcare for those employees hired prior to 1995, the amount
of which depends on the sick leave balance per employee. In further response, Mr. Ayers
confirmed that those employees can choose to convert their sick leave to cash; however, a
majority opt to convert to healthcare. He further reiterated that the City no longer offers the sick
leave conversion program to employees; it ended in 1995.
Mr. Ayers reported that fully funding an OPEB trust fund with an assumption of a 4 percent rate of
return at 10 years would require a $1.3 million contribution; at 15 years $800,000; and at 20 years
$540,000 and that the general fund is 70 percent of the cost. He stated that, if Council would like
to proceed, staff could return with a Request for Proposal process to set up a trust fund. For a
pension stabilization fund with a liability of $91 million following the same assumption, it would be
10 years at an additional contribution of $7.5 million; 20 years at an additional $3 million; and
30 years at an additional $1.6 million, with the general fund costs at 70 percent.
In response to Mayor Pro Tempore Kuehne, Mr. Ayers stated that the City does not currently
have a third -party trust for OPEB or pension stabilization, but it does have third -party bank
accounts that are operated by a third -party administrator for workers compensation and liability
insurance. There are no third -party trusts addressing unfunded liabilities.
In response to Council Member Mounce, Mr. Ayers confirmed that the funding set aside for
groundwater contamination is held by the local treasury and from a financial reporting standard, it
is shown as a restricted fund. Unfortunately, OPEB cannot be handled similarly because it does
not count toward the unfunded liability if it is held by the local treasury; it must be structured as a
trust.
In response to Mayor Chandler, Mr. Schwabauer explained that withdrawing from Cal -PERS
would come at a significant cost to the City by adding $300,000 to $400,000 on the current
$91 million liability. He did not see any possibility of Lodi acquiring enough funds to buy out of
Cal -PERS.
In response to Mayor Pro Tempore Kuehne, Mr. Ayers stated that maintenance is not included in
facility replacement; it is only for capital improvements and not general upkeep and repairs.
Council Member Mounce requested information on what it would take for Lodi to opt out of the
healthcare offered by Cal -PERS and reported that the League of California Cities is working on a
project to offer market place insurance for cities, which would provide greater control for
employees over their healthcare choices at a lower cost to them and cities. She suggested
2
looking into leaving Cal -PERS or offering a combination of the two programs. Mr. Schwabauer
stated he would look into the matter.
C. Comments by Public on Non -Agenda Items
Myrna Wetzel provided a presentation on the importance of rain barrels for collecting water runoff
from gutters for use on lawns and gardens. Since the installation of her rain barrel, Ms. Wetzel
reported that she has collected 200 gallons of water. She estimated that if 6,000 Lodi households
installed rain barrels and each collected a minimum of 50 gallons of water, it would represent a
savings of 300,000 gallons of water. She urged the City to consider incentives to residents to buy
and install rain barrels, including a rebate program for those who are interested.
In response to Mayor Chandler, Ms. Wetzel stated that she plans to use her collected water on
the trees, bushes, and plants in her yard, adding that she recently purchased a hand siphon to
assist in her irrigation efforts. Ms. Wetzel presented Council with an article entitled, "Harvesting
Rainwater" (filed) for Council's information. Mayor Chandler agreed this is a sound concept and
stated the State is reviewing all options for collection and reuse of stormwater.
Council Member Mounce requested the City Manager create a rebate program proposal for rain
barrels for Council consideration or a program in which the City purchases barrels in bulk for
resale to citizens at a reduced rate. City Manager Schwabauer confirmed the City currently offers
water efficiency programs, but it does not include rain barrels at this time. He will research
options and return to Council.
D. Adjournment
No action was taken by the City Council. The meeting was adjourned at 7:52 a.m.
ATTEST:
Jennifer M. Ferraiolo
City Clerk
3
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CITY OF LODI
COUNCIL COMMUNICATION
AGENDA ITEM
AGENDA TITLE: Discuss Framework for Long -Range Budget Policies
MEETING DATE: February 9, 2016
PREPARED BY: Deputy City Manager
8-I
RECOMMENDED ACTION: Discuss framework for Long -Range Budget Policies.
BACKGROUND INFORMATION: One of the goals identified by staff and approved by Council in mid -
2015 was the development of a comprehensive set of financial
policies. Budgetary policies were last included in the 2005-06
budget document. Staff brought forward information in the Shirtsleeve meeting of February 2, 2016
regarding parameters for Operating Budget and Reserve policies.
Staff is bringing forward information today to help define the parameters of a comprehensive policy to
address long-range budget policies including development of a Capital Improvement Plan, Capital
Replacement policies, and policies related to funding liabilities for Other Post -Employment Benefits and
Pensions.
FISCAL IMPACT: None at this time.
FUNDING AVAILABLE: Not applicable.
JA/ja
G4\1P-L-'1---
Jordan Ayers
Deputy City Manager
APPROVED:
ISA
S#eGe`-':'tier, C ty Manager
Long Range budget
Policies
City Council Shirtsleeve
February 9, 2016
Establish policies for Capital Improvement
Plan
Establish policies for Capital Replacement
Vehicles
Facilities
IT Equipment
Establish policies for OPEB Funding
Establish policies for Pension Stabilization
Capital Improvement Flan
► Current
Capital Projects included in Enterprise rate models
Annual budget includes projects expected to be
done in budget year
Additional projects brought forward as they are
ready each year
No one-stop location for all capital projects for the
current year and future years
Capital Improvement Plan
► Proposed
5 year plan covering capital projects in:
Enterprise Funds
Special Revenue Funds
General Fund
Include as a separate section of the annual budget
Capital Replacement -Vehicles
► Current
Transfer from Operating funds at level that budget
can withstand (General Fund and Special Revenue
Funds)
Underfunded
Enterprise funds -fund annually; no reserve set
aside
Capital Replacement -Vehicles
► Proposed
Transfer from Operating funds based upon annual
depreciation (General Fund and Special Revenue
funds)
Enterprise funds -annually reserve amount equal to
depreciation
Fund at a level to amortize unfunded liability over a
fixed period of time
Capital Replacement -Facilities
► Current
Major components of buildings (roof, HVAC,
painting, flooring, etc.)
General Fund contributes $435,000 annually to GF
Capital Outlay
Projects brought forward by Public Works
Approved in annual budget
Special Revenue and Enterprise funds -fund annually
for necessary repairs/maintenance
Capital Replacement -Facilities
► Proposed
Include in 5 year CIP
Transfer from Operating funds based upon annual
depreciation (General Fund and Special Revenue
funds)
Enterprise funds -annually reserve amount equal to
depreciation
Fund at a level to amortize unfunded liability over a
fixed period of time
Capital Replacement -IT
► Current
General Fund contributes $65,000 annually to IT
Replacement fund
Public Safety grants generally fund upgrades or
replacements
Special Revenue and Enterprise funds -fund annually
for additional equipment or upgrades or
replacements
Capital Replacement -IT
► Proposed
Transfer from Operating funds based upon annual
depreciation (General Fund and Special Revenue
funds)
Enterprise funds -annually reserve amount equal to
depreciation
Leverage grant funds where possible
Fund at a level to amortize the unfunded liability
over a fixed period of time
OPEB Funding
► Current
Pay current year costs on a pay-as-you-go basis
Not funding at Actuarially Required Contribution
Creates increasing unfunded liability that is shown in
financial statements
Funds set aside locally not eligible for inclusion in
actuarial report
OPEB Funding
► Proposed
Consider establishing and funding a third party
trust
Funds are eligible for inclusion in actuarial report
Fund trust at the difference between the Actuarially
Required Contribution level and the pay -go
estimate each year
Consider funding at a level to amortize unfunded
liability over a fixed period of time
Consider adding any one-time revenue or annual
budgetary savings to trust to reduce unfunded
liability
Pension Stabilization
► Current
Pay current year Actuarially Required Contribution
from current funding
Pension Stabilization
► Proposed
Consider establishing and funding a third party
trust
Funds are eligible for inclusion in actuarial report
Fund at a level each year to amortize the unfunded
liability over a fixed period of time
Consider adding any one-time revenue or annual
budgetary savings to trust to reduce unfunded
liability
Recomrnended Priorities
► Staff recommends the following priority:
Increasing General Fund Economic Reserve
OPEB
Pension
IT Replacement
Facilities Replacement
Vehicle Replacement
Questions?
Comments by the Public on Non -Agenda Items
Information presented by
Myrna Wetzel
at the Shirtsleeve Session
of February 9, 2016
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Harvesting \Rainwater
BY JULIE ERSHADI
Photo courtesy: Bushman
WiHEN IT COMES TO RESOURCES, it's small wonder that the rest of the world thinks of Amer -
ca as spoiled. We've parlayed the New World's natural abundance in water, forests and farm-
lands into becoming the First World, replete with new, manufactured abundances. Our relentless
progress towards the future, found in such historic products as the moon lander, the computer chip
and the laser, has made us the envy, of the world.
30
This has made us a beacon for any
and all ,wishing to participate di-
rectly in the world's largest econ-
omy. That, in turn, has spurred
continuous population growth, a
growth that is straining to the
breaking point one of the original re-
sources that made this all possible:
water.
We've always had an abundance of
riches when it came to water. The
Great Lakes alone contain enough
water to cover the entire contiguous
United States nine feet deep. That
said, our population has doubled in
the last 70 years, which, combined
with our lack of water reuse, means
that we're hitting the limits of what
our systems can sustain. This is
causing us to examine where our
water comes from, and reevaluate
how we use it on a municipal, state
and national level.
For many, this takes the form of
water conservation and, more often
than not, it is landscapes that are
IRRIGATION & GREEN INDUSTRY www.igin.com
i
feeling the squeeze. However, this is
not a sustainable water solution (our
population growth will eventually
outstrip our lowered water usage)
and many fail to account for the eco-
logical effects of letting lawns die.
The flooding in Texas last year is
just one example of the environ-
mental disasters that can result
from letting landscapes go
thirsty.
Fortunately, conservation isn't
the only way we can adjust our
total water usage. Over the past
few years, we've developed new
technology for reusing potable
water. More importantly, we can
also embrace an old technique
that was unnecessary when we
were water -rich. This old trick
stretches'back to antiquity, and
can provide a property with
enough water to cook, shower
and water a landscape without
breaking the water bank. All by
recapturing rainwater.
Mother Nature provides us with
trillions of gallons of water every
year, free of charge, in the' form of
rain. Just consider that the storms
which recently clobbered the Caroli-
nas dropped—by themselves—
enough water to stop the drought in
California, cold. Yet very few of us
take advantage of learning how to
recapture this water; instead, it
flows off our clients' lawns to
streams, then rivers, then oceans.
Instead, we can build cisterns to
harvest that rainwater, giving our
clients manna from heaven, and at
the same time, help build the water
infrastructure of the future. Not
only does this capture water that
would otherwise be wasted, it helps
our customers prepare for the fu-
ture, and offers you an additional
revenue stream.
So, how do we get started?
"It's not that hard to start in-
stalling catchment systems. Quite
the contrary," says Paul Lawrence,
president of Texas Land & Water
Designs, LLC. Lawrence's company
provides landscape; LED lighting
and irrigation services in the Austin
area.
He's been installing rainwater
harvesting systems for the past
seven years, and he's a big propo-
age tank; another is the below -
ground cistern. The downspouts can
also be directed to send water to
bioswales. Smaller systems that cap-
ture less than a hundred gallons can
use rain barrels for storage.
One important piece of knowledge
FEBRUARY 2016
nent of the practice. Lawrence feels
that not only is it a good revenue
stream, but startup costs are low for
the contractor. "Licensed irrigators
already have many of the skills that
are required for rainwater harvest-
ing; it's a real natural fit for them,"
he says. ,
It doesn't take a rocket scientist to
figure out how to recapture rainwa-
ter. It starts with what virtually
every house and commercial build-
ing already possesses: roofing,. gut-
ters and downspouts. Normally,
gutters capture the water that runs
off of roofs and directs it to the
downspouts. The downspouts then
direct rainwater into the street or
onto a planted area.
Usually, gutters and downspouts
have previously been installed on a
building. Our job is to take the rain-
water that now flows down the
street and store it for use at a later
date.
There are several different options
for storing this water. One type of
reservoir is the above -ground stor-
Rain%rhanpe illtisrralion courtesy: Aquascape Inc
is that if a storage tank is not prop-
erly sealed against pests and bacte-
ria, the water inside it can become
toxic. Every storage tank needs to
have an overflow device to prevent
backup in heavy rain situations. The
device, in turn, needs to be fitted
with a flapper valve that will close
up immediately after excess water
has stopped flowing out. Otherwise,
rats, and bugs can crawl up the
spout, attracted by the water inside
the tank.
Some property owners find the de-
sign of traditional storage units un-
attractive, possibly even detrimental
to their property values. A more aes-
thetically -pleasing storage solution
for harvested rainwater has been re-
fined by Aquascape, Inc., based in
St. Charles, Illinois. The company
offers a catchment system called
RainXchange, which combines a re-
circulating, decorative water feature
with an underground storage basin.
Something like RainXchange
could be a more elegant option, and
yet offers the same functionality of
31
other storage systems. It makes use
of modular storage basins, stackable
blocks that are somewhere between
milk crates and Legos, which can be
arranged in different shapes to fit a
variety of application settings. They
sit inside a rubber membrane to
form a single, water -tight unit un-
derground.
"We'll put our RainXchange sys-
tem under turfgrass, but it's very
common for us to do it under a patio
made of permeable pavers," says Ed
Beaulieu, director of field research
for Aquascape. "This way, the pavers
act as a catchment- area that pre -
filters the rainwater before it enters
the blocks. It's very, very efficient."
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Before the water goes into what-
ever receptacle you choose, sanita-
tion should be your first consid-
eration. At the very least, a screen
should be placed in the gutter over
the downspout. This will help keep
out large particulate matter, large
solids and leaves.
Once you've got these basic com-
ponents working together, you're
ready to stop wasting potable water
on uses that don't require it. At the
same time, you're reducing our de-
pendence on the municipal supply
and also helping to reduce soil ero-
sion and stormwater pollution.
"You get a two-fer," Lawrence
says. "Intercept the stormwater that
could cause problematic erosion, and
store high-quality water to offset
some or all of your landscape water-
ing needs." It's simple, yet very ben-
eficial.
Let's take a look at the residential
market. A simple project could run
between $1,500 and $5,000, depend-
ing on a variety of factors. The in-
stallation cost on a 500 -gallon
system may be relatively low, but
such minimal storage capacity will
let a lot of rainwater go down the
drain over the years.
' Besides size, another factor is the
excavation costs. If you're doing an
underground installation, but the
client's property doesn't have room
for heavy equipment to come in,
doing all that digging by hand will
increase the labor time substantially.
If your client expects to use the re-
captured water for drinking pur-
poses, costs will be even higher,
because you'll be putting in more fil-
tering stages.
We will limit this article to storing
and using rainwater for the purpose
of irrigating landscapes. You can
choose between above -ground tanks,
or storing the rainwater below -
ground. Whatever the decision is,
when your client is ready to use this
water, it may require a pump to get
continued on page 44
IRRIGATION & GREEN INDUSTRY www.igin.com
Harvesting Rainwater
continued from page 32
it out. Most pumps on residential
systems are between one-third and
one horsepower. That amount of
power is sufficient to pressurize the
water foreither spray or drip irriga-
tion. You (or your client) have the
option to activate the pump manu-
ally, or use a controller to automate
when the rainwater you've har-
vested will flow to the irrigation sys-
tem.
If you're working in the commer-
cial area, a little more is involved.
In an HOA or office park—even
a single office building—the sys-
tem doesn't need to be much dif-
ferent. Say a property owner
wants to convert part of his water
supply, taking advantage of using
rainwater for irrigation. Because
of the size of both the landscape
and the catchment area, you
would need a space with a larger
capacity, probably below -ground.
If you're going to install a higher -
capacity system, water collection
from the roof of the building is
very do -able.
When handling larger quanti-
ties of water, proper filtration be-
comes even more important. The
water needs to be filtered to at
least a minimal degree before it
enters the tank. There are addi-
tional stages of cleansing that
aren't always necessary, but at the
very least, rainwater has to be aer-
ated and free of large particulate
matter. If not, harmful bacteria will
grow in the tank.
Now that we know the basics of
how to install a rainwater harvest-
ing system, let's talk about the types
of clients who might be interested in
having such a system installed. Typ-
ically, they are concerned about the
environment, so they are looking to
conserve water and help protect
local waterways from pollution.
They may have heard that capturing
rainwater is a tried-and-true method
44
of simultaneously controlling runoff
and withstanding drought condi-
tions.
"In a residential setting, it's next
to impossible to show an ROI in
three to five years," Lawrence says.
"By and large, those clients are
doing it for_ environmental con-
cerns." .
According to•the contractors con-
tacted for this story, conservation is
the main motivator for property
owners considering installing a rain-
water catchment system. The instal-
lation costs them money, but these
tanks, to have a visual representa-
tion of their commitment to environ-
mentalism. "Even if that storage
tank doesn't meet all of the commer-
• cial site's water use needs, the com-
pany wants to put on a `green face'
by having it there."
David Crawford owns Rainwater
Management Solutions (RMS), a na-
tionwide company that gets 90 per-
cent of its business from commercial
jobs. "The kind of customer who
wants 'a catchment system wants to
save water and wants to be seen as
running a green company. He also
feels the pressure from EPA regu-
lations that now require companies
to keep water onsite," he says.
Our clients and prospective
clients in the commercial arena are
all feeling the pressure to conserve
water. Landscape professionals
have seen a loss of business as mu-
nicipalities have restricted the use
of water for irrigation purposes.
Crawford emphasized that rainwa-
ter harvesting can keep landscape
contractors in business when the
water supply is dwindling.
For exampje, a rose garden is
doomed if the city has placed strin-
gent limits on water usage. Catch-
ing and reusing what little
rainwater does fall on a property
can mean the difference between
an attractive bloom and cobwebs
on the sprinkler heads—and in
your business coffers.
In reality, water is always going to
be an issue. Even when the drought
in various parts of the country
breaks, the status of the water sup-
ply in the long term will still be pre-
carious. What this means for us is
that rainwater harvesting is not only
a clever stop -gap solution to imme-
diate water shortages, it is a viable
permanent addition to our menu of
services as landscape professionals.
As we become more aware of the
need for reuse, rainwater harvesting
becomes more important. In places
continued on page 46
clients are more worried about the
long-term consequences of water
shortages, pollution and soil erosion.
Even in the case of commercial in-
stallations, the conservation motive
can be quite powerful. Installing a
catchment system can help a build-
ing receive LEED certification, and
it looks good for the company to be
making some effort to protect the
environment.
Lincoln Perino, founder of Ethos
Harvesting in Tucson, Arizona, says
many of the companies that have
hired him are installing harvesting
systems with above -ground storage
IRRIGATION & GREEN INDUSTRY www.igin.com
1
iI
Harvesting Rainwater
continued from page 44
abroad where the population already
feels the pinch of water scarcity,
catchment is a way of life. The island
of Bermuda, which has heavy hurri-
canes and zero freshwater sources,
mandates recapture systems on all
homes.
It's gaining traction here at home,
too. Santa Fe County, New Mexico,
now has codes on the books requir-
ing all new residential properties to
have some sort of rainwater catch-
ment system installed. Tucson,
where Perino does his business, of-
fers up to $2,000 in rebate money to
property owners who convert some
of their onsite water 'use to har-
vested rainwater. As people redis=
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Circle 121 on Reader Response Card
Photo courtesy: Iur,avotivo Water Solution; LLC
cover the ancient practice of captur-
ing rainwater, you will have more
and more opportunities to offer your
'services for installation projects.
The skills necessary to get started
with catchment system installations
are easy to learn. Better yet, there is
an abundance of resources that can
teach you how to be successful with
them.
The Irrigation Association offers
classes on the subject. The American
Rainwater Catchment Systems As-
sociation hosts workshops across the
country for those seeking to pass
their accredited professional exam.
' The workshops cover the basics of
active and passive rainwater har-
vesting, plus design and installation
for residential, as well as larger com-
mercial systems. The information
these classes teach can also help you
avoid some setbacks.
The good news is that solutions
and preventative measures exist,
and they're not all that hard to get a
handle on. "This practice is not a
new thing," Crawford says, "al-
though we have new products that
can keep the water even cleaner
than before."
Learn what you need to know. Get
up to speed on best practices. Then,
rainwater harvesting can become a
very profitable source of revenue for
you, as well as a very desirable serv-
ice for your clients. w
IRRIGATION & GREEN INDUSTRY www.igin.com
Jennifer Ferraiolo
From: Jordan Ayers
Sent: Tuesday, February 02, 2016 11:38 AM
To: Alan Nakanishi; Bob Johnson; Doug Kuehne; Jennifer Ferraiolo; JoAnne Mounce; Mark
Chandler; Pamela Farris
Cc: Steve Schwabauer
Subject: Shirtsleeve Request for Budget/Reserve Policies of Others
All
During the Shirtsleeve session this morning, I was asked to provide Budget/Reserve policies of other jurisdictions.
Below are links to such policies on the Governmental Finance Officers of America website and a link to the California
Society of Municipal Finance Officers that contains a number of these policies.
ht-tp://www.gfoa.org/financial-policy-examples-budget
http://www.csmfo.oredocument/fund-balance-policy/
Jordan Ayers
Deputy City Manager/Internal Services Director
City of Lodi
221 W. Pine Street
Lodi, CA 95240
Phone (209) 333-6700
Fax (209) 333-6807
E -Mail jayers ualotii.gav
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