HomeMy WebLinkAboutAgenda Report - March 30, 2000 B-01 SMCITY OF LODI
-14
COUNCIL COMMUNICATION
AGENDA TITLE: Approve the revenue and expenditure assumptions as outlined in the General
Fund Cashflow model created by Public Financial Management, and Authorize
change of revenue estimates for the 1999-01 Financial Plan and Budget.
MEETING DATE: March 30, 2000
SUBMITTED BY: Finance Director
RECOMMENDED ACTION: Approve the revenue and expenditure assumptions as outlined in the General
Fund Cashflow model created by Public Financial Management, and Authorize the change of revenue
estimates for the 1999-01 Financial Plan and Budget.
BACKGROUND INFORMATION: Creation of a long range financial funding model was one of the major
City projects outlined in the 1999-2001 Financial Plan and Budget adopted by the City Council. To assist
in the successful completion of this goal, the City hired Alex Burnett from Public Financial Management
(PFM) as the City's financial advisor. PFM's scope of duties included the creation of a cashflow model of
the City's General Fund, the assessment of the viability of the public safety building project on a pay-as-
you-go basis, and the assessment of the impact on the General Fund balance of any structuring
alternative for the public safety complex financing. Mr. Burnett presented his model to Council in
shirtsleeve meetings on November 23, 1999, February 8, and February 29, 2000. In addition, PFM and
City staff met with a committee consisting of members of Lodi's business community seeking their
professional feedback on the model. Attached is a letter signed by committee members stating their
agreement that the prepared assumptions and projections are reasonable and conservative and provide
the City with the basis to proceed to project design.
Staff is requesting Council approve the revenue and expenditure assumptions as outlined in the General
Fund cashflow model created by PFM. These assumptions are conservative and they will be re-evaluated
on an annual basis as part of the budget process.
In addition, staff is requesting Council authorize the change of revenue estimates for the 1999-01 Financial
Plan and Budget to reflect the revenue assumptions in the cashflow model.
Mr. Burnett and staff will be present to answer any questions.
FUNDING: Not Applicable
Respectfully,
o �y tA-
o ,�
Vicky McAthie
Finance Director
Attachments
i
APPROVED:
H. Dixon Flynn -- ity Manager
March 16, 2000
Lodi City Council
221 W. Pine Street
Lodi, CA 95240
Dear Mayor and Council Members:
On March 15, 2000 the following individuals met to review and discuss the City's
proposed General Fund Long Term Financial Plan as prepared by Public Financial
Management (PFM):
Phil Lenser
Bruce Sasaki
Jeffrey Kirst
Kent Steinwert
Randy Snider
Evie Olson
Steve Reeves
Joe Crane
Roger Baffoni
Wally Katnich
Mamie Starr
Dennis Bennett
Frank Johnson
Barbara McWilliams
Ole Mettler
After considerable review, we have determined that the City's proposed
assumptions and projections are reasonable and conservative and that the City should
proceed to the design phase of the Public Safety Complex project.
In addition, suggestions were made that the City invite local business and
community leaders to annually review the assumptions of the City's long-term financial
plan should the City proceed to the financing phase of the project.
Respectfully,
Please see signature page
cc: H. Dixon Flynn, City Manager
Alex Burnett, PFM
' i i - mm-
rmix _
Z1114 lro,4a
Wally 01nich
Z��:
Phil Lenser
Ole Mettler
WON,
St es
ii-�.:��� _
Barbara McWilliams
Evie Olson
Bruce Sasaki
mie Starr
City of Lodi
Public Safety Complex Financing
March 30, 2000
Public Financial Management
505 Montgomery Street, Suite 800
San Francisco, CA 94111
415 982-5544 City Of Lodi
415 982-4513 fax
What we have done...
CIN of Lod; • Met with City Staff
• Created a cashflow model of the City's General Fund, consisting of:
• Five years of historical data
• Revenue and expenditures projected on a year -by -year, line -by-
line basis
• Projections to 2010
• Assessed the viability of the public safety building project on a pay-as-
you-go basis
• Integrated structuring alternatives for the public safety complex financing
to assess the impact on the General Fund balance
• Evaluated the impact of the parking structure in terms of reduced debt
service requirements
• Met with City Council in shirt -sleeve meetings on November 23, 1999,
February 8, 2000, and February 29, 2000
s- . ice•
City of Lodi
Revenue Assumptions
• Refined further to produce conservative estimates.
• Projected average annual growth equals 3.23%(1) vs. 3.60% from FY95-99.
(1) Growth rate = 3.18% when expenditures are projected at 3.00%, Growth rate = 3.23% when
expenditures are projected at 3.50%, Growth rate = 3.29% when expenditures are projected at 4.000/6
2Historical Avernge from M'95-99.
3 Property tax transfer to Capital Fund escalates at the property tax projection rate.
4 One-time transfer in FY01.
1'1•\1 13
I'rcr er Tax
2.50%
FY 96 = 3.59%,17Y 98 = 3.55%, FY 99 = 3.25%
Sales and Use Tax
3.75° o
The I Idl, Companies Forecast = 3.11%
I listorical Average FY 95-99 = 4.87%
San Joaquin COG assumption = 5.600/6
In -Lieu franchise Tax
Assumes some growth in enterprise revenue
Hlectric
1.00410
Consistent with hating Process, SSB recommendation
I listorical Average = 5.84%
Sewer
1.00%
1 listorical Average = 15.44%
Water
1.00%
I listorical Average FY 96-99= 1.43%
Other Taxes
Public Safety Sales Tax
'l'ransit Lodging Tax
3.75%
4.364 a
1 listorical Average = 12.95%
I listorical Average = 4.36%
Waste Rrmoval Franchise Tax
2.76%
I listorical Average = 2.76%
Industrial franchise
5.46%
I listorical Average = 5A6%
Gas Franchise
3.41%
I listorical Average = 3.41%
Cable'TV franchise
6.00%
I listorical Average = 6.88%
1{Icctric franchise
0.99%
1 listorical Average = 0.99%
Neal PropertyTransferTax
5.00°6
I listorical Average = 11.80%
Intergovernmental Revenues
Motor Vehicle I iccnse Fee
3.79%
1 listorical Average FY 95-99 = 3.79%
1 listorical Average FY 91-99 = 2.96%
Assumes backfill for any legislative change
Other
1.41%
Other Revenues
Licenses and Permits
6.00%
I listorical Average = 20.12%
Charges for Services
6.00%
1 listorical Average = 14.96%
Fines, forfeits and Penalties
8.00%
1 listorical Average = 16.62%
Rental Income
6.00%
1 listorical Average = 2.18%
Assumes growth due to the performing Arts Center
Investment Earnings
$400,000 in FY 2000-2002, $350,000 in I•'Y 2003-2010
Miscellaneous Revenue
I listorical Average = (4.88%)
Approximately 570,000 per year
Other Sources and Usti
Varies
Operating Transfers In
Equal to expenditure projection rate
Operating'l'tansfers Oury
0.000/6
Other Sources
1.00% from 2003 onward
Impact Fees",
$2,000,000
Assumes Capital Fund reimbursed for past
expenditures
(1) Growth rate = 3.18% when expenditures are projected at 3.00%, Growth rate = 3.23% when
expenditures are projected at 3.50%, Growth rate = 3.29% when expenditures are projected at 4.000/6
2Historical Avernge from M'95-99.
3 Property tax transfer to Capital Fund escalates at the property tax projection rate.
4 One-time transfer in FY01.
1'1•\1 13
City of Lodi
Public Safety Complex Project Cost
Fiscal Year 1998/1999 1999/2000 2000/2001 2001/2002 2002/2003 Total
Construction
Phase 1
$924,000
Fire/PSB Improvements
$224,000 $70.0,000
Phase 2
$10,024,000
New PSB
Design
$800,000
Construction
$2,310,000 $4,612,000 $2,302,000
Phase 3
$6,050,000
Renovate Old PSB
Design
$250,000
Construction
$1,450,000
Parking Structure
Design
$350,000
Construction
$4.000.000
Total $327,000 $1,659,000 $4,000,000 $4,612,000 $7,752,000 $18,350,000
• Phase 1 includes Fire Station 1, Fire Station 2, and Public Safety Building
Improvements
• Phase 2 includes the new Public Safety Building
• Phase 3 includes the remodel of the existing Public Safety Building, and the Parking
Structure
14
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Preliminary Results:
General Fund Balance with Debt Structures
O
o
N
City of Lodi
9,000
Co
8,000
O
O
v
O
O
%,000
O
O
m
6,000
O
r
O
O
O
5,000
ti
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4,000
O
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3,000
N
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O
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O
O
O
O
O
O
O
O
O
N
N
N
N
N
N
N
N
N
N
N
Fiscal Year
—Scenario A: Level — Scenario B: Wrap —Scenario C: Wrap with Defeasance
cenario A: Level
13,630.367
5,079,269
16,208,151
16,990,935
16.818,203
16,706,417
16,665,147
16,710,323
6,854,3477,116,008
7,500,823
cenarlo B: Wrap
3,630,367
5,079,269
6,208,151
6,592,041
6,667,514
6,807,044
7,018,799
7,317,171
7,712,868
8,222,924
8,860,828
cenarlo C: W rap with Uefensancc
13.630.367
15.079,269
16,208,151
6,570,638
16.625,185
16,744,278
16.936,096
17.210,170
17,582,348
18,074,541
18,690,248
Conclusion and Suggested Council Actions
CONCLUSION
City of Lodi • With aggregate expenditures increasing at 3.50% or less, it appears
that the Public Safety Complex can be financed in accordance with
projections
SUGGESTED COUNCIL ACTIONS
• Approve current revenue and expenditure assumptions with the
understanding that they are conservative and that they will be re-
evaluated on an annual basis
• Authorize change of revenue assumptions in current budget
• Authorize impact fee transfer to General Fund
• Appropriate $2 million for design & acquisition of the Public Safety
Complex
The above actions by Council is just the first phase of the project; It does not
commit the City to: Accept the design, Approve any financing commitments,
Restrict looking for alternative funding sources, Breaking out individual
components of the project: i.e. Parking Structure. Per City policy, each phase will
come back to Council for discussion and direction on further action.
IV
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ae�.8FlnaneFlndCasFfDw Bus Prol9ellon3 wllh LiwM Public 9GeneralFund
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IIIa1Mu1
Pr Mtd
Ffaeal Year End/np7
1991
1995
I996
1997
1998
1989
1000
1001
1002
IOW
2001
2005
2006
1007
2098
2009
2010[3..0401.330
tal
16eQlnnlnq 6414nce
2,117465
4.039,567
3,9!72.441
3.371.957
2,510,296
2261.476
2,710,676
3,630,367
5,019,269
6,206,151
6,990.935
6.818,203
0706,417
6.665,147
6,710,323
6.854,347
7,116,00809.237
SOURCES OF FT)NOS
Revenuta
Ta.m
_
-
2 Prteweny law
4,949,911
4,077007
4,223,516
4.224,805
4.374,489
1,516,855
4,629,777
4,745.521
4,664.159
4,985.763
5,110,407
5.236.167
5,389.122
5.503.350
5.640.933
5.761•%7
5,926,50662.016
3 Sales a Use Taw
5,220,919
5.215.767
5,762.763
5350.307
6.204.988
6.623.512
6,811.694
7.129.500
7.396.949
7.674,335
7.962,122
0260,702
8,370,478
8.891.871
9.225.317
9,571.266
9930,19963.007
4 Public Selaly S" Ta. (Prop 172)
97,913
148.541
153.6%
151.333
179,848
180.053
188.805
193,810
201,078
208.619
216,442
224,558
232.979
24t.716
250.760
2110.185
269.942
5 1..., Ldgm T.
246,646
248.429
277.793
249.072
277,627
305.313
318,650
332.547
347,050
362,186
377,982
394,466
411.670
429.624
448,381
467,915
488,322
0%3.677
6 Waste Ren-.- Farw"w Ta.
245,532
250.350
239,985
254.977
275.972
261.349
289,117
297,099
305,302
313,730
322.392
331,293
340.439
349.638
359,497
369,422
379,621
5,205,917
7 1Mwilial FfW Nm
24,743
22.135
23.028
25,358
26,442
32.261
34.045
35,905
37,866
30335
42.116
44!17
401144
49,403
52.102
54,948
57.950
651,518
6 Gas Fra "N"
106,516
109,042
108,067
104.137
121,490
128,334
132.705
137.225
141.899
148,733
151.730
150699
162.243
167.769
173,483
179.392
185.502
2,415,218
9 Cade TV Franchise
118.010
113668
120.542
126.271
148,786
144.602
174,478
184,947
198.044
207,007
220.275
233492
247.501
262.351
276.092
294,778
312.464
3,400100
t0 Etxlric F-dise
10,989
10.716
10,961
11,230
11,697
11,542
11.658
11.771
11,887
12.004
12.123
12.242
12.367
12,465
12.608
12,733
12.656
201.818
11 1n4.teu Fra J--Elenno•
3.218.690
4,160,000
4.174.800
4,005.800
4.292.067
1,275,041
4.317,797
4,360,975
4.401.505
4.448.631
4.493.117
4.536.019
4.583,429
4.629.263
4,675.556
4.772.312
4,786.535
74.149,653
12 In -Lieu Fq Nse•6mw6P
385.000
609,000
690.686
719.300
686.920
7119.212
797.104
605.075
eI0126
821.257
929470
617764
Mill
854,604
683.150
671,781
980,499
13,102,204
13 In -lieu Frafr,N9a • Waley
750.000
531,400
547.100
U7,400
581.562
562,440
566.084
S73.745
579,462
555.277
591.13D
597,041
60,012
609,042
616.132
621284
627.497
10.068.609
14 Real PrOpelly Trander Taw
80145
67,782
74.9%
65.601
77,344
119.007
124 958
131.205
137 766
144.654
151.687
159,481
187.455
175,828
164,619
193 850
_ 286.543
2248.011
15 Twat Tam --
115.445 074
15.563, 838
16.406.023
16.515.3%
17.246.430
17,986,569
f6A57.050
16.939.418
19.097.194
t9.950.931
20.481.196
21.028.604
21.593.677
22.177.144
22.779.631
23.401.822
24.044.427
331.469,397
rs Liters, am pere9ls
5D6 S30
1133.%1
842.295
1,012.418
1.182,610
1,286.630
1,312.828
1,423,185
1,508,577
1.50,091
1,6%,037
1.7%,779
1.901.513
2MISAI6
2.139.945
2.2,.341
2.404.442
25.545.268
IrnerypYaw'.. id rmbnue5
17 Moles VoWle ticensa Fee
1,885,{80
2,023.190
2.143,507
2.270.423
2.220.516
2.270,423
2.356.446
2.445.729
2.538.396
2.634.571
2.734.392
2.837.904
2.945.522
$057.124
3,172•%5
3.293.171
3.417,916
44.247,490
18 0#-
413,916
728•%1
387.066
796.857
552,722
443.933
450.193
456,541
462.976
469.686
476,127
882,641
489619
49059
6D$SSS
510.856
517.858
0638,930
52.887.420
._-
19 rota kwollo7enan.sal. m7um 2289.0% 2,752.171 2.530,573 3,067,290 2.773.240 2.714.356
_
2.806.639 2.902.270 3001.373 3104.078 3.210.519 3.320.835 3.486.171 3553.677 3,676.510 3.803,629 3,935,804
20 Charges ler SBrv10K
651,024
421 745
%1.184
1.039913
129.326
1.307.370
1,385.822
1.466.971
1,557.109
1.89.535
1. 749,5513
1,651.512
1.965,815
2.083.764
2,200789
2.311.317
2,461.7%
26.381.999
21 Fk1m. IIMels and puldfim
407.168
405816
420.983
452.717
1161.783
670245
948.505
1.024,385
1.105,336
1.194.843
1.290.430
1.393.884
1.505•I58
1,625,570
1.755.616
1.890065
2.047.750
19.015.035
Rental 22 if-
127,725
41,775
101.922
39.647
80307
142.297
150.635
159.8861$9.470
179,617
190428
201,851
213362
226,:
240.406
254.833
270.122
2,797.696
23 EsBmabd lmmNanl Eanurlps
313.146
351,343
332145
lea sm
245.330
602.235
400.000
400.000
350.000
350.000
350.000
350.000
350.000
350,000
350000
350.000
350.000
5,858.704
24 usca6Ntauus revenue
91.566
130,710
120,347
78.102
112.924
71.301
71,301
71,307
11,301
71.901
11,901
71.901
71.301
71.301
71.301
71901
71.301
1.389,263
25 Omer SOurcm
0
0
0
0
0
0
976.000
Be 000
697,910
704.889
711,930
719.057
720248
733.510
740.646
748.251
755737
6.375.389
26 7ra191enin
4.561.329
3.779.891
3760.391
4.519910
4.663.490
4,245,037
4.024.920
4.050.960
4.102.744
4,339.490
4.491.372
1.646.570
4.811.270
4.979,664
319.952
5.334.341
5.521,063
77.067.772
27 SudOIL Roverko a
24.402,660
24,081,252
25.467 763
26.888,662
28,225.516
29.117 049
30.493.699
31.401.373
32 082.021
33144,605
34.241.783
35.385 132
36 577 145
37,820.247
39.11 997
40.470,103
11.852.422
550.778.648
USES OF FUNDS
Ewxndlluna
B
R
P ed
Cur.
28 Oerterel 0owetnrnenl
4,690941
4.922.689
5.216.8%
5.881.889
7,068.021
7.230903
7.8%•500
8028.635
8,309.844
0800.689
6.901.7113
9.213273
9.615.737
9,869,489
10214.920
10,572.442
10.942.478
137,215.041
29 Publicgiclion
9.938.553
10.274.500
10142.446
10.962.365
10,741.11%
11.098,702
11,649.235
11.812,315
12,225,746
12.653.647
11096.525
13554.903
14.029.325
14.520.351
15.028,583
15.554.563
16,098,973
213,301.637
30 Pudic 9wks
3.908,240
3.628, 448
4,327.322
4.976,882
4,462.128
4.544.160
1.067.435
4.218.050
4.396,732
4.550.617
4.708.339
4874.735
5845.351
6.221.939
5,404.706
0!93.871
5,789,656
19.770.580
31 library
631.274
956.120
99,667
1,012. too
965.606
1,029,669
1.073785
1.0%,285
1,124,305
1.107,655
7201,384
1.246.537
1.290.168
1.336.322
1.382.056
1.430.430
f,460.495
19.616.086
32 Parks and rSCrGafw1
2,307.357
2299.181
2.197,614
2.312.379
2.173.645
2.230,233
2.5%.635
2.601.945
2.777,780
2.875.002
2.975,627
3079.774
3.587,586
3299.131
3.414,606
3534.111
3.657,805
47,602,405
33 On - UM
0
0
0
0
0
0
200.000
0
0
O
0
0
0
0
0
0
0
200,000
T..d- Out
29.544205
29.952.471
30,983 139
32 362 020
3411/316
35.496.917
618 495
37 77
36872 973
40.206 442
41.497 606
540439/126
37 S bW& E 23.48t.455 24.12a.376 26121 572 27 750 354 20.474 327 28677 962
38 NET fNCoA#E . MW E
921 206
(0.426)
653
111151,6111
(248.910)
439,067
91111.491
1.446.902
1 128
782.784
(t72.732)
t11 788
(41.2701
45.176
t44.024
261.661
384,015
4.336 822
39 Addidorrally Required Rawness
0
0
0
0
0
0
0
O
0
0
0
0
0
0
0
0
0
0
HIND aAUNCE e � 7.w4r.r('
I
_
_
40 Re0lnntnp Bal-
2.143465
4.039.567
3.992,441
3,371,957
2.510,286
2261,478
2.710.878
3.630,367
5.078,269
8.200151
6,910.935
6,816.203
6766.417
6,665,147
6.716,329
6,054,347
7,116,006
83,809,237
41 n."woomyhar wi.
33.325
10.313
43,638
41 Net 1rlt;pntp
621,205
(47.126)
(6530179)
(661.671)
(248.810)
439.087
919,491
1.448,902
1.128.882
782,784
(172.732)
(111.788)
(41.2701
45°178
144.024
261.461
384.615
4,336,822
12 Re6lalemen4-
974,697
O
0
0
0
O
974,899
43 Ent911p Baletc9
4.039,587
3,992,411
7.371357
2,510,286
2,261,478
2.710,678
3,830,387
3,079,269
8.209,151
6.990,935
3.818.203
6,706.417
6,665.147
6.710.323
6.651947
7,110ood
7;.30,923
89,786.5%
44 %Endep Balance of Arww EwpanOilur.6
17.209E
16.55%
12.917.
9.05%
7.94%
9.45% 12.29%
15.96%
2005%
21.609.
19.81%
16.89%
18.2094.
17.76%
17.59%
1770"3
16.011°
CITYOFLODI_'- :: p.' I t
ryq Scenardo C A�
FI tlk'6 n JI
General FundFlrlanCla/Plan +r s AsalLmotlon6l 1 - ,.;
., 'j
General fund,Transters In7(OUt) p'y, Bsse Prolaetio"ps with liwl
r'- 1�' r :y,.,�n "yIl
sfinsnronyl la' lry�?� 1 r e Jr
M f.
ndilurasPr4tCom at850%4,1,
Public `r �r" �"' '�
Safa�ly Complex Flnetteltq 1 ...)
�r,� 4
•
`� k _
.,, ,1 j "
t
"k a
�i
I ��A^! I a11Nislrsdeal
Met,
~Total
Fl -I Year EnCInO� 1994 1995
1996 1997 1998 1999
2000
2001
2002
2007
2004
2005.2008
2007 2006
2000
2010
TRANSFERS IN -
Ope..I Transfers In
1 CMI a S.Mces Transacoons
1.455.668 2,666,303 2666,303
3,020,920
3,0461
13,856,154
2 Sheat Fundus U. to oll- snare main 640,000 933,800
937 SW 960,576 982,563 982,563
1,001,000
1,004,000
7,441,302
3 OIIx4r 3,921,329 2.346,091
2.916,591 1.103,066 1.014,624 598,171
0
0
4,192,744
4,339490
4,491,372
4,648,570
4,811,270
4,979,664 5,153,952
5.330,341
5,521,043
55,770,316
4 Total Op..I Transfers In 4,561.329 3,779,891
3,750,391 x,519,310 4,863,490 4,245,037
4,024,920
4,g50,9rA
4,192,744
4,339,490
4,491,372
4,648.570
4,811,270
4,979,664 5,153952
6,334,341
5,521,043
77,067,772
5 Twat Transfers In 4,561,329 3.779,891
3,750.391 4.5t9,310 4,663490 4.245,037
4024,920
6050,964
4,192.744
4,339,490
4,491,312
4,619.570
4,811,270
4,979,664 5153,952
5.334,341
5521,043
77,067,772
TRANSFERS OUT
Operating Transient Out
6 Opamling Transfers Oul
0
7 Berwlil. Fund
269,485
269.485
538.970
a Insue, Funds
400,000
40O.WD
500000
9 Outer 1546,065 1,536,326
2,016,347 1.337,848 1,730,100 1,182,005
0
0
669,485
669,495
669,485
669,465
669,485
669,485 669,485
669,405
669,485
15,374,074
10 Taal OPeralM9 Tanslera Oul 1516.085 1,536,326
2,016,307 1.337,&6 1,730,100 I,IB2,OD5
669,485
669.485
669,485
669,485
669,485
669,485
669.485
669.485 669.485
669.485
669.485
16,713.044
Transfers 0.1 to Capllal Polack Fund
Il propany Tax 0 611,114
1.267,056 1.267,264 1,312,329 1,358270
1,386,933
1,423656
1,459,248
1495,729
1,533.122
1,571,450
1,610,736
1,651.005 1.692.280
1,734,517
1,177.952
23.152,751
t2 1-stmard I"-
-
O
13 SuBim-yTm I.tor D.WS.-
0
0
0
353196
1.323,771
1,236,780
11250,009
1,208.351 7,166,360
1,118,952
1,080,763
8,786,202
t4 01-4aneral Fund Capllal
0a
15 TOW Tranafare Out Io Capital Projects Fund 0 611,114
1,267.056 1.267,284 1,312.329 1.356,270
1,388,933
1,423,656
1.459.248
1,848,924
2,81
2,858,210
2880755
2,859.355 2.858.640
2,111
2.8541.714
31,940,953
TraMtars Out 10 Llbntry Fund
16 Property Ta.
0
17 Tout Transfers Out to Library Fund 0 0
0 D 0 0
0
0
0
0
0
0
0
0 0
0
0
0
18 Total Transfers 0.1 1546,085 2.147440
3.283.403 2.605.130 3.042429 2,538,275
2,056,418
2,093,141
2.128,733
2,518,408
3,528,378
3,627,696
3.530,270
3,528.840 3,528.125
9,523,124
3.528,199
46.653.9971 1
19 TOTALTRANSFERS RI 3,015,244 1.632.451
486.981 1,914,180 1,621,061 1706,762
1964502
1,967619
2.04,041
1,1
964,993
1,120,974
1,290999
1450.824 1,625,627
1,111,317
1,992.843
28.413776
OTHER SOURCES SES
20 Other Source. 0 0
0 0 0 0
578,000
961,000
687,910
704,1199
711,938
719,067
726,248
733510 740.846
748,254
755,737
8,375,389
21 Omer Uses
22 "Ma-%weNSurvey
200.000
200.000
23 Total Other Uses 0 0
0 0 0 0
200,000
0
0
0
0
0
0
0 0
0
0
200,003
24 TOTAL OTHER SOURCES USES O 0
0 0 0 0
676.000
961.000
697.910
704889
711,938
71S,057
728,248
733510 740.9913
748250
765,737
1 8176389
PREPARECBFPUBUC FWANIL MANAGEMENTINC:-. 1. M`..
's_p ::.
- ,:',.:•.
.,..-..
.. 2721007:03 PM
.`
Genera' II (ScorwrbA-SmxWI Nis2).ds
GeneralF(i IaT'Pfin' AiwlnDuone r. i; t::� aEG 1�, 7;
-
•� p`Y:a;y,'F
�:� ,.�
3*4 �I C"�c e °
YY; ry. •1(J'iu'�
t. - •',IIS :)I �3 YI {':i..h
Gross Debi S-0-
'rvi:.:d�t I.rY :r. �, '..>.,� T
Se;'.: 4.w I,,xr,1 F .tt'A'11y
''N4
A+,•A�„,.f.
6,091,916
,.
A ik' fM
::.Oebt;Summaly� r.:f. sseProJecUon9wNhLevePPIi611cS6f6gfx�Pln9�R0,,:r.,�i
00
Compb
WA
131,064
fff pkl ,",:-.hkti ,l.rr
�. s ,�r
I' ':J':��'I.'r�clf•
(A
...,
•�p.rJ,,,P�
,d ..
WA
Nl.wdcm
850.475
$47,945
I'Senss2001
P ailed
WA
WA
WA
WA
Fins)Yea/EM 1994
1995 low 1997 rose 1999
20eCl
2001
2002 2003 2004
2005 2006 2007
2009
1 275.626
2009
2010 Intel
BOND SOURCES AND LIGML LII '.: -19
2.6t6.234
2.606.918
Sed. 2001
Sedesl995
WA
WA
WA
WA
ti
Band Source4 Seri. 1995 $ad" MA
1 Par Am ,M WA
WA 5.D00,OOD 10,120,000 WA WA
WA
22,620.000
WA WA WA
WA WA
WA
WA
WA
WA 37,940,000
2 Sr 11 Bale Saaces WA
WA 5.000.000 10,120,000 WA WA
WA
22.020,000
WA WA WA
WA WA
WA
WA
WA
wA 37.940.000
Band Uses
Sad. 1995 Series 1996
1.2919%
5eriee2001
WA
50.998
101,995
101^995
19 Seder 1995
WA
3 Project Fuld WA
WA 4,719.177 9.917.600 WA WA
WA
19.023.000
WA WA WA
WA WA
WA
WA
WA
WA 32.669.777
4 Date Sendce Reserve Fund WA
WA WA WA WA WA
WA
1.6112,261
WA WA WA
WA WA
WA
WA
WA
WA I^682.281
5 CalieaSrad intents% Fund WA
WA WA WA WA WA
WA
2.490,490
WA WA WA
WA WA
WA
WA
WA
WA 2.490.490
6 CM or l.usnae WA
WA 188,000 202.400 WA WA
WA
204000
WA WA WA
WA WA
WA
WA
WA
WA 590,400
7 Unde,wdlafs On WA
WA WA WA WA WA
WA
171,1511
WA WA WA
WA WA
WA
WA
WA
WA 171,%50
6 Bond Ineusncs WA
WA WA WA WA WA
WA
251,936
WA WA WA
WA WA
WA
WA
WA
WA 251,936
9 AddiliaW Proceed% WA
WA 100,000 WA WA WA
WA
1.143
WA WA WA
WA WA
WA
WA
WA
WA 101,143
IO Subtdal9ord17a. WA
WA 5,007.177 10,120,000 _WA WA
WA
22,820,000
WA WA WA
WA WA
WA
WA
WA
WA 37.947,177
4,490
2,948
29 Sedu200%
WA
WA
WAWA
642,333
WA
Wi
30 S."",s scal Cluq.
wA
LBOND DEST SERVICE
- --
-
-
Gross Debi S-0-
425,906
421,214
425.396
6,091,916
425,341
427,201
11 Seder 1995
WA
WA
131,064
426.231
429.871
427,681
12 Seder 1996
WA
WA
WA
346,411
850.475
$47,945
I'Senss2001
WA
WA
WA
WA
WA
WA
14 SuWalal DBW Sunk.
WA
wA
131.OBA
712.262
1.280.346
1 275.626
Debt Service Reserve Fund ('DSRF') Intl Earnings15
1274.276
1.946.230
2.6t6.234
2.606.918
2,946,374
Sedesl995
WA
WA
WA
WA
WA
WA
IB 1996
WA
WA
WA
WA
WA
W/
S-2001Sense
I7 S2001
WA
WA
WA
WA
WA
wl
118 SUWOMIDSAFand Eam9lgs
NIA
WA
WA
WA
WA
wi
CapWlasd wers:%
1.2919%
WI
WA
50.998
101,995
101^995
19 Seder 1995
WA
WA
WA
WA
WA
NO
M Sade: /696
WA
WA
WA
WA
WA
WI
N Series 2001
WA
WA
WA
WA
WA
WI
?2 SIIW WCapd W9d Interest
wA
4,A
WA
WA
WA
WI
Nsl Debi 51144"
WA
W/
WI
WA
WAWA
23 Series 1995
WA
WA
131,084
426.231
429,671
427.981
?4 $wise 1996
WA
WA
WA
348.031
850,475
647,945
25 Series 2007
WA
WA
WA
WA
WA
WA
26 S'ubfoWAW Debi Servire
WA
WA
131.084
772282
12aO.346
1.275,826
Fiscal Charges
WA
WA
.1
2.682.053
425.341
427^201
27 Seder 1995
WA
WA
3,535
3.535
3,535
3,535
28 Sade. 1998
WA
WA
WA
4,490
4,490
2,948
29 Sedu200%
WA
WA
WAWA
642,333
WA
Wi
30 S."",s scal Cluq.
wA
WA
3,535
S. 02S
S.
6.483
31 Oln. Dabl SOMee
405:160
345,496
365,584
150.500
11^466.610
1574.276
32 Total Debi S"m
405.160
345,490
500.203
038.667
1280.371
1.282.309
DEBT RATIOS'-
2.641.024
2.848.199
28,886.669
3.535
3,535
3,535
33 General Fund Revenue
3^535
3^514
25,467,763
26,855,682
20,225,516
29,117,049
34 0.1Aery a %el General nd Rue (Line 14Aine 33)
A Service as Fueven
53,025
0.61%
267%
4.64%
4.387
. 35 Capnal F..d Revenu
4.490
4,490
11, TOO"
25.677,757
19.453,648
6.903.629
36 Deal Semite. a %d Capital Fund Revenue
WA
4.490
425%
3'U%
6.62%
18.571
37 Dowl General Fund DMAAA e.^rOulSWldnq
0
0
5,000,000
15,120.000
14,970.000
14.500,ODC
W M --,d Fug Cash Vak,CAV•r
2,471,754,000 2,471.754D 2.656,928800 2,393,000.000 2,693,000,000 2,503,000.000
.O
39 Ratio at OielDeMM1Auu b AV
12.515
12,5I5
0.1956%
0.6031%
0.5773%
0.559:Y,
40 PDgdaOonn
53,000
53.515
64.473
54.800
65.700
65.700
At OW per Cape (S)
91.79
275.91
266.76
260.3:
(1) DOae nal include esupnenl leaserl2)
1.237.234
1,185.727
1,848.624
2.656.893
2.65(1.210
2.860.785
AV is pra)xle0 ro grow 1112% am"111,111,117
alry Iran 2002 onward
2.650.640
2.853.539
2,656,714
30,320.734
42)rapulal4vrknelnclan M�rew al l%an ,sxv Iran 2002 inward
PREPARED aY PU84AC HNANL7AL MANAGEMENT 97C.
_
424,526
425,906
421,214
425.396
6,091,916
425,341
427,201
428,411
424,074
424,171
423,564
427,044
646,935
646,515
646.796
64x616
844.506
843,796
841.1148
842,685
642.333am-m
6.20%
840.516
11.326,142
WA
670.513
1,341,027
1,343,027
1,677,695
1.680^329
1,681,574
1.681,424
1,679,682
1^601,686
1,682,281
15,%17,617
1274.276
1.946.230
2.6t6.234
2.606.918
2,946,374
2.947.691
2.950566
2,948.536
2.918.121
2.943.019
2.948.194
32^537.675
NIA
WA
WA
WA
WA
WA
WA
WA
WA
WA
NO
WI
WAWA
28.925.000
WA
WA
wA
WA
wa
WA
WA
WAW)
1.2919%
WI
WA
50.998
101,995
101^995
101^995
101^995
101,995
101^995
101^995
101.985
10119D5
864953
WA
50.996
101.995
101.995
101.995
101.995
IOt.995
IOt.995
101.995
101.995
10I.95
968.953
WA
WA
WA
WA
WA
WA
WA
WA
WA
WA
W/
WI
WA
WAWA
WA
WA
WA
WA
WA
WA
WA
WA
WI
WA
670,513
1.941^027
I.M.S13
WA
WA
WA
WA
WA
WA
NO
2,682,053
WA
670.S13
1.341.027
670.513
WA
WA
WA
WA
WA
WA
.1
2.682.053
425.341
427^201
420,4tl
424,074
424.171
423,564
427A"
424,528
425,906
421,214
426.396
6,091,916
648.35
640.515
016,7911
843.16
&4.508
&3.796
641,646
842,566
642,333
039,940
84O,Sle
11,328,142
WA
(50.990)
(101,995)
588.518
1,575,700
1,570.334
1,576,579
1,579,429
%,577.887%S79,870
1,580.2(15
11^466.610
1574.276
1.224.719
1^173,212
t,M.409
2,844,378
2,645,586
2.80.270
2.846.610
2.848.125
2.641.024
2.848.199
28,886.669
3.535
3,535
3,535
3,535
3^535
3^514
3,535
3,535
3,535
3,535
3,535
53,025
4.490
4.490
4.490
4.490
4.490
4.490
4,490
4.490
4.490
4,490
4,490
61,318
WA
4.490
4.490
4.490
4.490
4.490
4,490
4,490
4,490
4.490
4.490
44,900
8.025
12.515
%2.515
12.515
12.515
12,5I5
12.515
12.515
12.515
12.515
12.515
159,243
1.274^822
1,252.301
1.237.234
1,185.727
1,848.624
2.656.893
2.65(1.210
2.860.785
2.859.355
2.650.640
2.853.539
2,656,714
30,320.734
40,474103
41,982 422
35,385,132
30.463.699
31,401.373
32,092.021
33,144,805
31,241,7113
36,577,145
37.824247
39,116,997
412.
6.20%
615%
7.87%
860%
8.33%
6.07%
7.90%
7.54%
7.27%
7.041
2,108,933
9.602,658
6.272,373
1S,625.24
4,282,793
4,259,758
4,238.622
4,214,135
4.191,042
4,164551
4,199,444
60.80%
12.62%
14.33%
9.02%
66.71%
67.10%
67.49%
57.85%
66.21%
66.52%
66.099
14.015.000
34.700.000
34,170.000
33^615,000
71.010.000
32.090.000
3t.090.000
3D.035.ODO
28.925.000
27.755.000
26=5,00(
2,56:3,000,000 2.593.000.000 2.644,664000
2,687,757500 2,751,712,344 2.608,748.591
2,662,001,523 2^920,139,153 2.978,541,936 3,038,112,775
3,096,875,03(
D.5405%
1.3382%
1.2919%
1.2460%
1.2007%
1.1433%
1.0560%
1.0285%
0.9711%
0.9135%
0.86609.
55.700
65^700
65^703
56,257
56,820
57,388
57,962
58,541
59,121
59,718
60,31:.
25182
62296
BIS. an
597.53
561.49
55916
536.39
513.06
489.20
16477
439.71
CITYOFLODI yu''�.ir' Scerallo A
9.� 7:31';I,rf � �w�>dG;?n.4..7:L
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Capital lm roveirne CFund .r8aliePMr�oecl swil
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IA.M ubilcSerela'Coml'le Ffnen,,n
L ..., .s., .y w. P .x,.F ng
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1 PI
Interest
:...;..
Rate (Non-Debt
ebt Proceeds):
5.50%,.i
Historical-
Pro
Fiscal Year Ending.,
1994 1995
1996 1997 1998 1999
2000
2001
2002
2003
2004
2005
2008
2007
2008
2009
2010
Total
I Beginning Balance
5.099,679 3765,222
3,933588 6,570,152 12,075,629 2,473
2,812,550
1101,929
4,801,651
5,133,333
5,217,994
4,870,426
4,451,707
3,9511,057
3,384,991
2,728,101
1,982,647
74540,935
SOURCES
Capital Fund Re- uo
2 Capdat Fund Ravenuo
5,823,8.57 4581,300
11,769,656 25,677,757 19,453,640 6,903,1129
2,108,933
9,802,858
8272,373
10.825,924
4,282,793
4,259,758
4,238,622
4,214,130
4,191,042
4,164,251
4.198,444
142,748,780
3 Total Capital Fund Revenue
5.823,a57 4,561,300
11,769,656 25.677,757 19,453,648 6,903,629
2,106,911
9,002,658
8272,373
18,825,924
4,282,793
4,259,750
4,236,822
4,214,130
4,191,042
4,164,251
4,198,444
142,748,700
4 Total Sources
5,623,857 4,561,300
11.769.858 25,677.757 19.453,648 6,903,628
2;108,933
9,802,856
8.272,373
18,825,924
4282,793
4259,758
4238,622
4,214,130
4,191,042
4,1&1,251
4,198,444
142,748,760
USES
Capital Requirements
5 General Govemment
8,007
8.007
6 Public Works
71,670
71,670
7 Geninal Fund Requirements
804,592 1,027,953
4,389,642 9,987,944 15,339,532 2,732,058
2,344,900
4,553,000
6.813.125
16,777,064
1,600,900
1,6211,540
1,852,8311
1,679,782
1,707.402
1,735,712
1,764,729
77,337,655
e RDA Requirements
0
9 Total Cap Bal Requirements
884.289 1,827,953
4,389,642 9,987,944 15.339,532 2,732,058
2,344,900
4,553,000
8,813,125
16,777,000
1A00,900
1,626,548
1,652,1138
1,079,782
1,707,402
1,735,712
1,764,729
77,417,332
Transfers Out
Operating transfer$ out
10 Cost of Services Transactions
0
11 General Fund
O
12 Equipment 8 Replacement
455.443 100.000
300,000
300,000
400,000
100,000
400.000
400.000
400.000
400.000
400,000
400.000
400.000
6,055143
13 Ottler
5,868,885 2,220,702
4243,245 9245,469 11,972,730 1,952,445
35,503,476
14 Taal Operating famsfars out
5,8611,885 2,220,702
4243,245 9245,469 12,428,173 2,352,445
300,000
300,000
400,000
400,000
400.000
400.000
400,000
400,000
400,000
400,000
400,000
40,558,919
Impact Feas to General Fund
15 Fire
0
16 Police
0
17 Parka 6 Recreation
50,000
50,000
50,000
50.000
50,000
50,000
50,000
350,000
IB General City F8cif6ies
0
19 Subtotal Impact Fees to General Fund
0 0
0 0 0 0
50"M50-000
54000
50000
50'000
50 000
50 000
95000
0
15 Transfer to Pay Debi Service
405,160 345,498
500203 930,867 1280,371 1282,309
1,2112,301
1237,234
1,185,727
1,948,924
2,058,8932.M.210
2,864785
2,659,355
2,850,640
2,1153539
2,850,714
30,320,734
20 Total Transfers Out
6274,045 2,568200
4,743,448 10,184,336 13,716,544 3,634,754
1,582,301
1,537234
1585,727
2248,924
3,304893
3,308,210
3,310,785
3,309,355
3,308,640
3,303,639
3,308,714
71229,653
21 Total Uses
7,158,314 4,394J53
9,133,090 20,172280 29.056,076 8,356,012
3,927,201
6,090,234
8 ,052
19.025924
4AD7793
4,934,76a
4,963,622
4 138
5,016,042
6,034251
5,073,444
140,646,984
22 Additionally Required Revenues
0 0
0 0 0 0
0
0
0
0
0
0
0
0
0
0
0
0
FUND BALANCE
23 Begn.,g Balance
5,099,679 3,785,222
3,933,588 6,570,152 12A75,629 2,473200
2,812,550
1,101,929
4,981,851
5.133,333
5217,984
4,870,426
4,451,767
3,954057
3,364,991
2,726,101
1,982,647
24 Estimated Investment Earnings
107,648
187,298
278,162
284,881
277.432
258,381
231.271
2111,934
168,110
129,546
87,3116
2,189,009
25 Residual equity transfer "out)
(197,488)
(197.468)
26 Excess/(Dericiency) Of Sources over lurider) Uses
(1,334,457) 167,147
2,638,588 5,505,477 (9.802,428) 538,817
(1.810.288)
3,712,423
(126,480)
(200,000)
(625A00)
(675,000)
(725A00)
(775,000)
(825,000)
(875.000)
(875,000)
(5,894204)
27 Restatements
1217
1.217
20 Ending Balance
3,765,222 3,933,588
0,570,152 12.075.629 2,473,200 2,012,550
1,101,029
4,981,651
5,133,333
5217,994
4,870,426
4,451,787
3.958.057
3,3114,991
2,728,101
1,982,647
1,195,033
PREPARED 9Y PUBLIC FINANCIAL AfANAGEMENr ING
-
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.Expenditures 1 a�'.3 "
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r.
Fiscal Year Ending: 2000
2001
2002
2003 2004 2005
2006 2007 2008 2009 2010 TotalFY2000-2010
GENERAL FUND CAPITAL REOUIREMENTS
1 Information Systems telephone system
90,000
90.000
180,000
2 Beckman Annex building
3 Downtown Parking Structure
Public Safety Building Improvements
4 Misc Fire equip/projects
16,800
33,000
49,800
5 Roof Replacement Fire Station N3
24,100
24,100
6 Misc Police equip/projects
7 Building Renovation
1,659,000
4,000,000
4,612,000
7,752,000
18,023,000
Park & Recreation Facilities
8 Indoor Sports Facility
300.000
8,775,000
9,075,000
9 P & R Administration
500,000
5W.000
10 Park Corporation Yard
901,125
901,125
11 Lodi Lake Beach improviparking lot
200,000
200,000
12 P & R Capital Misc
150,000
150,000
150,000
150.000
600,000
13 School Playgrounds
50,000
50,000
50,000
150,000
14 Information Systems
200,000
200,000
100,000
100,000
60p000
15 Redevelopment Agency
100,000
100,000
16 Records Mgmt software
55,000
30,000
85,000
17 Permit software
18 Subtotal
2,344,900
4,553,000
6,813,125
16,777,000
30,488,025
Additional Capital Projects
19 General Fund
625,000 625,000
625,000 625,000 625,000 625,000 625,000
4,375,000
20 Impact Fees
975,900 1,001,548
1,027,836 1,054,782 1,082,402 1,110,712 1,139,729
7,392,909
21 Subtotal Additional Capital Projects
1,600,900 1,626,548
1,652,836 1,679,782 1,707,402 1,735,712 1,764,729
11,767,909
22 Total General Fund Capital Requirements
2,344,900
4,553,000
6,813,125
16777,000 1,600,900 1,626,548
1,652.0-36 1,679,782 1,707,402 1,735,712 1.764.729_
42,255,934
RDA CAPITAL REQUIREMENTS
23 Total RDA Capital Requirements
23 Cumulative Total, this period
2,344,900
4,553,000
6,813,125
16,777,000 1,600,900 1,626,548
1,652,836 1,679,782 1,707,402 1,735,712 1,764,729
30488,026
24 Cumulative Total, to date from 2000
2,344,900
6,897,900
13,711,025
30,488,025 32,068,925 33,715473
35,364309 37,048091 38,755,492 40.491,204 42,255,934
PREPARED 4YPUBLIC FINANCIAL MANAGEMENT INC
-.03 PM f`
(1) Numbers in bold reflect changes from Feb. 8 shirt -sleeve
General Fund (ScenarioA-Sens1llv1ty2).xls
ry III
ry O
General ks dflnanclal Plan,'
A
3.5046
Assumotlo
na r'
Expenditures Projected
at
Equipment k Re plat ement Fund
Base ProJediona wlth'Level Public Safety Complex Financing
Historical
Pr ed
Fiscal Year Ending. 1994
1995
1996 1997
1998
1x99
2008
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
Total
1 Beginning Balance
2950¢8
351,911
190,213 384,781
533,815
522,068
522068
422,658
318,923
334,947
353,704
373,792
394,932
417,288
440,866
465,800
492,143
6.812,6%
SOURCES
Revenue
2 Charges for Services
0
0
0 0
5,717
0
0
0
0
0
0
0
0
0
0
0
0
5,717
3 Investment ant Rental Income
0
0
00
0
0
0
4 Miscellaneous revenue
0
0
0 0
83,655
0
83 955
5 Total Revenue
0
0
0 D
69,572
O
_ 0
0
0
0
0
0
0
0
0
0
0
69,572
Transfers In
6 Operating Transfers In
169,160
244,185
731,839 646,707
0
0
1,811,971
7 Capital Fund Transfers In
455, 443
400,000
300,0 00
300,000
400,000
400,000
400,000
400,000
400,000
400,000
400,000
400,000
400,000
5,055,443
6 Total Transfers In
169,160
244,185
731,639 646,787
455,443
400,000
300,000
300000
400,000
400,000
400,000
400,000
400,000
400,000
400,000
400,000
400,000
6.807.414
Financing Sources
9 Lease Proceeds
0
0
0 0
0
0
0
10 Total Financing Sources
0
0
0 0
0
0
0
0
0
0
0
0
0
0
O
0
0
0
I1 Total Sources
189,160
244,185
731,839 646,787
525,015
400,000
30OA00
300000
400,000
400,000
400,000
400,000
400,000
400,000
400,000
400,000
400,000
6,936,986
USES
Caplial Requirements
12 General Government
1,858
0
0 0
0
O
1,656
13 Capha1 Requirements
130,419
397,641
537,271 464,053
538,762
400,000
399,410
405,735
400,000
400,000
400,000
400,000
400,000
400,000
400,000
400,000
400,000
6,871,321
14 Total Capital Requirements
132.275
397.641
537271 464083
538,762
400,OOD
399,410
405,735
400,000
400,000
400,000
40OA00
400000
400,000
400,000
400,000
400,000
6,673,177
Transfers Out
IS Operating transfers out
0
8,242
0 33,670
0
0
41,912
16 Transfer for Lease Payments
0
0
0a
0
0
0
O
O
0
0
0
O
0
0
0
0
0
17 Total Transfers Out
0
8,242
0 33,670
0
0
41,912
18 Total Uses
132,275
405,883
637,271 497,753
536,782
400,0001
398,410
405,735
400,000
400,000
400,000
400,000
400,000
400,000
400,000
400,000
400,000
6.915.0091 1
19 Additionally Required Revenues
0
0
0 0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
FUND BALANCE
20 Begkwv Bolivia&
295,026
351,911
190213 384,781
533,915
522,088
622,068
422,658
316,923
334,847
353,764
373.792
394,932
417288
410,986
46SAW
492,143
0,812,896
21 Estimated Investment Eamings
17,924
18.37
20AN
21,140
22,336
23,598
24.33
26.343
27,833
203,054
22 Residual equity transfer W(out)
0
23 Excessf(Defglancy) of Sources orw(under) Uses 56.885
(181,698)
194,568 149,034
(11,747)
0
(99,410)
(105.735)
0
0
0
0
O
0
0
0
0
21,897
24 Restalemems
0
26 Ending Balance
351,911
190.213
384,781 533,815
522,068
522,068
422,658
316,923
334,847
353,784
373,792
394,932
417X.
440,858
465.00
492,143
619.77
7.037,546
27 % Ending Balance of Annual Expenditures
268.04%
46.86%
71.82% 107.24%
97.26%
130.52%
105.62%
76.11%
83.71%
88.45%
93.45%
98.73%
104.32%
110.22%
116.45%
123.04%
129.99%
PREPARED BY PUBLIC FINANCIAL MANAGEMENT, INC.
2!23/00 T:03 PM
Gu,mud Fund (SCBnabA•Sensilivily2).ds
CITY OF L061!
Scenario
SenaltivltyO2
General Fund FlaBRcla/ Plan
Assumptions - Expend((uras
Projected at 3 tiOX %
Escalation Rates (1/6)
Base Projections with Level Public Safely Complex Financing
AW
RINa1ca1
W rW
F74e11 Year Ending:
19951899
1995
1996
1997
11,118
1199
2000
2001
2002
2003
2004
2035
1006
2007
2000
2009
2010
Te1al
1 Bpinnlrlg 11a1ance
SOURCES OF FUNDS
Neve wee
Taxes
2 Prupony Tax
(181%)
(1763%)
3.59%
0.03%
3.55%
3,25%
2.50%
2.50%
2.W%
2.50%
2.W%
2.50%
250%
2.50%
250%
2.50%
2.50%
3 Sales B Uca Tax
4.117%
(0 10%)
10.49%
3.25%
4.28%
6.74%
3.75%
3.75%
3.75%
3.75%
3.75%
3.75%
375%
3.75%
3.75%
375%
375%
4Pudic Safely Sales Tax(Prap 172)
1295%
5166%
347%
0.41%
1653%
0.11%
3.75%
3.75%
3.75%
3.75%
3.75%
3.75%
3.75%
375%
3,75%
3.75%
3,75%
5 Transit WlOing Tax
436%
072%
11.92%
(10.34%)
11.55%
9.90'%
436%
4.36%
4.36%
4.36%
4.36%
4.36%
4.36%
4.36%
4,36%
4.36%
4.36%
6 Waste R-al FrarryiiSO Tax
2.76%
196%
(4,14%)
6.25%
6,23%
1.95%
2.76%
2.76%
2.76%
2.76%
2.76%
2.76%
2.76%
276%
2.76%
2.76%
2.76%
7 Induawial Fmnchse
546%
(10.54%)
404%
10.12%
12.16%
13.60%
546%
5.46%
5.46%
5.46%
5.46%
546%
846%
546%
546%
546%
546%
8 Gas F-4N.
3.41%
046%
(0 S8%)
(3.65%)
16.66%
5.63%
3,41%
3.41%
3.41%
3.41%
3.41%
3.41%
3.41%
3.41%
341%
3.41%
341%
9 Cade TV FrancNso
6.88%
(368%)
605%
6,41%
15,99%
10.63%
6arx
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6009%
600%
6.00%
603%
10 E)W. FancNse
099%
(2.48%)
2.50%
223%
4.16%
(1.33%)
0.99%
0.99%
0.99%
0.99%
0.99%
0.99%
0.99%
0.99%
0.99%
%99%
0.99%
II InW FXcNsa-F3echic
584%
2925%
036%
(2.13%)
5.05%
(0.40%)
190%
1.00%
1.00%
1.00%
1.00%
1.OD%
1.00%
1.00%
1100%
1,DD%
I.00%
12 ln-Lleu FI-this. -Sewer
15.44%
5818%
1343%
4.13%
(4.22%)
14.56%
I.00%
1.00%
1.00%
1.00%
1.00%
100%
100%
100%
1.00%
1.00%
100%
13 In-Li9u Ranch.-Wa1er
(559%)
(29.15%)
295%
(0.96%)
4.09%
(0.38%)
I.00%
1.00%
I.OD%
1,00%
1.00%
1.00%
1.OD%
1.00%
1.00%
1.00%
1.00%
14 Roal Prglany Tranzler Tar
-_ ---
11.80%
(056%)
1054%
(12.42X)
17.90%
53.87%5_.00%
500%
5.00%
5.00%
5.00%
5.00%
5.00%
800%500%
5.00%
5.00%
15 Tota/T-
3.10%
077%
5.42%
0.65%
4.43%
431%
-
-
-
--
I6 ficanses wA parries
20 12%
25.16%
3286%
20.20%
16.61%
7.10%
6 00%
6D0%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.
Inlergwerrarenlalrev-
17 A4csa Vehi9e license Fao
3.79%
7.32%
895%
5,92%
(220%)
2.25%
3.79%
3.79%
379%
3.79%
3.79%
3.79%
3.79%
3.79%
3,79%
379%
3.
Ili Other
141%
7612%
(46.90%)
105.87%
(3064%)
(19.68%)
1.41%
1.41%
1.41%
1,41%
1.41%
1.41%
141%
1.41%
1.41%
141%
1.41%
_
19 Trial Mhugo-w-lal revenues
3.38%
19.71%
(8.05%)
21.21%
(9.59%)
(2.12%)
20 Charges la services
1496%
(35.22%)
127.91%
9.13%
20.59%
431%
6.00%
6.00%
6.00%
6,00%
6.00%
6.OD%
600%
COD%
6.OD%
600%
6.00%
21 Fines, fonelz&W penaWn
16.62%
(0.33%)
3.74%
7.54%
4618%
32.71%
8.00%
800%
8.00%
8.00%
8.00%
6.00%
8.00%
8.00%
800%
8.00%
9.00%
22 Rental1m
2.18%
(67.29%)
14374%
(6106%)
117.80%
6473%
800%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
600%
600%
'
23 Estimatatl lrwet-1 E-g.
991%
1220%
(5469L)
(50.47%)
49.13%
104.72%
(20.36%)
000%
(12.5091
0.00%
O.OD%
0.00%
0.00%
0.00%
000%
0.00%
0.00'1
24 MiscaAanopus revenra
(468%)
42.75%
(7.93%)
(35.10%)
44.59%
(36.66%)
000%
000%
0.00%
0.00%
0.00%
D.OD%
0.00%
0.00%
0.00%
0.00%
0.00%
25 Oder Sources
O.OD%
0.00%
0.00%
0.00%
O.OD%
0.00%
0.00%
9.70%
(2736%)
1,00%
I.00%
1.00%
1.00%
1.00%
1.00%
1.00%
1.00"%
26 Transfers In
(143%)
07.13%)
(0.78%)
20,50%
3.19%
(897%)
(5.19%)
0,65%
350%
3.50%
350%
3.5096
3.50%
3.50%
3.50%
3.50%
3.50%
27 SubQAal Revenues
360%
1.32%
6.76%
5.56%
4.97%
116%
462%
3011%
220%
3.26%
331%
3.34%
3.37%
3.40%
3.43%
346%
3.49%
323%
USES OF FUNDS
Exac"Itures
Butl et
Bud
p Metl
Currant
28 Gawal goverrvrem
11.12%
(1.56%)
8.17%
12.74%
20.11%
242%
9.11%
1.65%
3.50%
3.50%
3.50%
3.50%
3.50%
3.5096
3.50%
350%
3.50%
29 Pudic protection
2.23%
3.37%
(1.29%)
8.00%
(2,01%)
33D%
4.96%
140%
3.50%
3,50%
3.50%
3.50%
360%
3.50%
3.50%
3.50%
350%
30 Pudic vmhs
3.06%
17.16%)
1926%
1801%
(9.93%)
1.37%
(1049%)
4.44%
3M
3.50%
3.50%
3.50%
3.50%
3.60%
3.50%
3.50%
3.50%
31 Lerary
3.16%
6.49%
(023%)
6.10%
(4.59X)
6.63%
4.26%
1.16%
3.50%
3.50%
350%
3.60%
3.50%
3.50%
3.50%
350%
3.W%
32 Paha and 1=8611.
(068%)
(0.35%)
(442%)
$22)6
(6.00%)
2.60%
16.44%
3.35%
3.50%
3,50%
3.5D%
3.50%
350%
3.50%
3.50%
3,50%
3.50%
33 Outer M"
000%
0.00%
0.00%
000%
0.00%
0.00%
000%
(100.00%)
0.00%
0.00%
0.00%
000%
O.OD%
0.00%
0.00%
0.00%
O.OD%
Tranalers Out
34 Public Satrrty Corrplex Finercng
0.00%
0.00%
0.01196
0.00%
0.00%
0.00%
O.OD%
O.OD%
109.65%
(687.67%)
175.77%
0.17%
006%
10.01%)
(010%)
0.13%
003%
35 Olhar
1042%
38.90%
52-90%
12D.66%
16.79%
1657%
18.90%
3.95%
4.05%
12.61%
0.04%
007%
0.07%
(0.07%)
0.04%
0.76%)
0.25%
36 Tnlel Transfers Out
10.42%
38.90%
52.90%
(20.66%)
1679%
(16.57%)
(18.90%)
1.69%
1.70%
18.31%
40,02%
0.04%
007%
(0.04%)
(0.02%)
(0.14%)
0.15%
34 SLOWalE S
406%
2.76%
820%
6924%
2.61%
0.72%
3.02%
1.38%
3.37%
4.52%
6.34%
3.151%
3.16%
3.16%
3.17%
3.17%
3.21%
3.46%
PREPARED BYPUBLIC F9VANCIAL NANAGEAIENT INC.
203MO 7.03 PN
eourca* s=ay a -
Gr of Fund (SCer10lI0A•San91a41Y2).A6
1
CITYOFLODI il''
'll -
GBRBTBI Fu nd FJnanclel Plan
Eseala&l Ralai
�---�
1 I
Scarfed. �SensiUvlt I� :
� 11Pendhgrei PFo egad et asox
AssumptionsE
Base Projections with Leval Public Sefet Complex Financia
Y P 9l
1 d I�,I�
I;
dil'11 II�li1 UIiI1 1jl
J( tp IlIi .ip)I
A� il� 1 •ly1li�ilp�� ��, li i t ljl, Il �I I I
II°1l IIS N 1 Ill Irl I ;IIS l
iJ 1.,•r. l: ..liar.
.
..
-
,p
A-9,
Historical
protected
Fiscal year EOdkV:
1915.1999
1999
19
1997
1196
1999
2000
2001
2002
2a03
2004 2005 2006
2007 2008
2009 2010
Total
1 94O1Meng Balance96
'
SOURCES OF FUNDS
Re.m22
Taxes
2 Prrpsdy Tax
(86.611)
(872,904)
146,909
1,089
149,685
t42566
0
0
0
0
0
0
0
0
0 0 0
3 Sales 8 Usa Tax
280,519
(5,132)
546,996
187.524
254,679
418,526
0
0
0
0
0
0
0
0
0 0 0
4 Public Safety Sales Tax (Pray 172)
16,422
50,598
5,157
635
25,515
205
0
0
0
0
0
0
0
0
0 0 0
5 7,.,Looting Tax
11,737
1,781
29.364
(26,722)
20,755
27,506
0
0
0
0
0
0
0
0
0 0 0
6 Waste Removal Franchise Tax
7,164
4,819
(10,365)
14,992
20,995
5.377
0
0
0
0
0
0
0
0
0 0 0
7 Ircirebial F.,.hse
1,508
(2,608)
894
21330
3,084
1939
O
0
0
0
0
0
0
0
0 0 0
6 Gas Franchise
3,958
496
(955)
(3.950)
17,353
6,841
0
0
0
0
0
0
0
0
0 0 0
9 Cads TV Franchise
9.319
(4,342)
6,874
1.729
20.515
15,816
0
0
0
0
0
0
D
0
0 0 0
10 Electric: Franchise
111
(272)
268
245
467
(155)
0
0
0
0
0
0
0
0
0 0 0
11 In-Ueu Fra rd ism, - Foam.
23.009
941,310
14,800
(89,000)
206,267
(17,020)
0
0
0
0
0
0
0
0
0 O 0
12 In.Usu Franchise • S.-,
36,042
224,000
SIAM
26.500
(30,380)
100,292
0
0
0
0
0
0
0
0
0 0 0
13 to-Lleu Franchise• Water
6,208
(218,600)
15,700
(4,700)
22.162
(2,122)
0
0
0
0
0
0
0
0
0 0 0
14 Real property Transfer Tax
10,173
(3a2)
7,144
(91305)
11,743
41,667
0
0
0
0
0
0
0
0
O 0 0
_
15 loW Taxes
506899
118.764
844,185
107,367
731,040
743.136
16 Lkerwas and perm t,
152.020
127,431
209.334
170.123
170,192
84,020
0
0
0
0
0
0
0
0
0 0 0
Inifigp wnrroNal menu
17 Moto, Vehicle License Fee
77.049
138,010
120,316
126.916
(49.905)
Al
0
0
0
0
0
0
0
0
O 0 0
18 Other
6.003
315,065
(341.914
409.791
(244.135
(108,7641
0
0
0
0
0
0
0
0
0 0 0
19 Tolallnlerywermia revenues
Ill
453,075
(221,598)
536.707
(294.040)
(58.884)
0
0
0
0
0
0
0
0
O o 0
20 Chart es for services
131,271
(229,279)
539.439
78.129
214,013
54.053
0
0
0
0
0
0
0
0
0 O 0
21 Fines,Mdeasanopenaft-
94,215
(1,350)
15,165
31.734
209.-
216,462
0
0
0
0
0
0
0
0
O 0 0
22 Ramal ba:Onr
2,914
(85560)
60,047
162.1751
44736
55,914
0
0
0
0
D
0
0
0
O 0 0
23 Eau.md I-Sauh&. Earnings
37,618
36.197
(19,198)
(167.640)
50,625
256905
0
0
0
0
0
0
0
0
O 0 0
24 I4isvalanachhs raveMb
(9,059)
39142
(10,363)
t42245)
34,BZ'2
141.623)
D
O
0
0
0
0
0
O
O 0 0
25 Other S--
0
0
0
0
0
0
0
0
0
0
0
0
0
0
O O 0
26 Trarislam In
(63,258)
(7B1,t38)
12450D)
768.919
144,180
(414453)
0
0
0
0
0
0
0
0
0 0 0
27 ,S,&.1al Raverruas
942,678
(321.4061
1,386,511
1,420,919
1,336,834
091,532
USES OF FUNDS
EaOyres
Bdost
BulaillW
6.59,597
130,335
0
0
0
0
0
0
O 0 0
28 Oerora1 OO+4..M 467,992
(76,2521 394-20 664.771 1.186,% 52 2 170,5
29 Fh49p pmlactim
231,429
334,942
(132,052)
519.937
(220,487)
354,004
552,533
1640800
0
0
0
0
0
O 0 O
30 Pubis: vx>nm
12"88
(279,792)
698,874
649.360
(493.954)
61,452
(476.745)
180,615
0
0
0
0
0
0
O O 0
31 Lrbnry
29,679
74,846
(2233)
54222
(46,503)
64,053
44,116
12,500
0
0
0
0
It
0
O 0 0
32 Parks and reaealion
(15,425)
(8.176)
(101,557)
114,765
(138,734)
58,586
366,602
07,010
0
0
0
0
0
0
O a 0
33 Other Uses
0
0
0
0
0
0
2O0OOO
(200,000)0
0
0
0
0
0
0 0 0
Therefore out
34 PuM Safety Casplex Financing
0
0
0
0
0
0
0
(44508)
0
0
0
0
0
0
0 0 0
the
35 Or
198,438
601.355
1,135,963
(678.273)
437299
(504,154
479,857
51231
0
0
0
0
0
0
0 0 0
36 Trial TAInst"Of$
198,438
801,355
1,135,963
(678273)
437,299
(501,151)
(179,057]
34,723
0
0
0
0
0
0
0 0 0
34 5'rdr#alE rhderaes
1039,301
644923
1. 194
1,628,782
723,973
203.635
886.246
405
PREPARED BY PUBLIC BNANCIAL MANAGEMENT M
-
2/134107:87 that
Source: "Y a tom
Geared Fund ds
CITY OF w6l 1Swnai/o
A
sensit/dry z
General Fund Financial Plan
Assumptions-Ezpendltures
Projected at
3.50%-1:!!:;,.!"
General Fund Transfers Ini(Gut)
Base Projections with Lew Public Safety Complex
Financing
Escalation Rales (%)
AvYa
Mlalorkal
Budged I
Budgad I
project"
Fi-Naar E..V.g:
1995-1999
1995
1996
1997
1999
1999
2000
20111
2002
2007
2004
2805
am
200?
2006
2009
2010
Total
TRANSFERSIN
Ow.0.9 Translera In
t Cost d Services Transacliuns
4.20%
0.00%
0.00%
0.00%
5.58%
0.00%
13.30%
0.86%
2 Stool Fwd-pas tax to .11-t strain main%
8.95%
45.91%
000%
2.87%
229%
0,00%
2.18%
0.00%
3 Omer
(31.39%)
(27.42%)
(104%)
(60.84%)
(8.029)
(41.24%)
(100.00%)
0.00%
3.50%
3.50%
350%
3.50%
3.50%
3.50%
3.W%
350%
350%
4 Total OpmaUn9 Trulstas In
(t.43%)
(17.13%)
(0.78%)
20.50%
3,19%
(8.97%)
(5.19%1
0.65%
3.50%
3.50%
3.50%
3.50%
3.50%
3.50%
3.50%
350%
3.50%
5 Total Translera In
1.43%
17.13%
0.78%
20.50%
3.19%
8.97%
5.19%
0.65%
350%
3.50%
3.50%
3.50%
1S0%
3.50%
3.50%
350%
3.50%
TRANSFERS OUT
Ol-0.9 Tmnsttta Out
6 Opmerinp Trartslors 0.1
c00%
0.00%
000'%.
0.00%
000%
000%
0.00%
000%
7 Bene6la Fund
000%
0.00°6.
000%
0.00%
OOD%
0.00%
ODD%
0.00%
9 Insu.-Fwds
000%
0.00%
0OD%
000%
000%
000%
0.00%
0.00%
9 Other
(5.23%)
(063%)
3124%
(33.65%)
29.32%
(3168%)
1100.00%)
0.00%
000%
OW%
000%
0.00%
0.OD%
0.00%
0.00%
0.00%
000%
10 Total Operafin9 Translera Out
(5.23%)
(067%)
31 24%
(3365%)
29.32%
(31.68%)
(43.36%)
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.0096
0.00%
0.00%
0.00%
Tranal4ts Out to Caplial Prolecls Fund
11 Propany Tax
229%
0.00%
107.34%
0.02%
3.5S%
3.35%
2.41%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
250%
2.50%
12 Invowned lnxxne
O.OD%
0.00%
0.00%
000%
0.001%
0.00%
0.00%
0.00%
000%
0.00%
0.00%
0.00%
0.00%
000%
0.00%
0001%,
000%
13 Sullicienry Tiamler lot Dot4 Service
0.00%
0.00%
000%
0.00%
OW%
OOD%
000%
0.00%
0.00%
0.00%
274.60%
(2.80%)
(2.859)
(334%)
(3.47%)
(4.06%)
(341%)
14 Other-Genal Fund Capital
0.00%.
000%
0.00%
0.00%
0.00%
000%
000%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
DAO%
0.00%
15 Total Translera Out to Capital Prolecls Fund
2.29%
0.00%
107.34%
002%
3.55%
3.35%
2.41%
2.50%
2.50%
26.70%
64.52%
0.06%
0.09%
(0.05%)
(0.03%)
(O.la%)
0.18%
Translera Out to LWery Fond
16 Pr.perly Tax
0.00%
0.00%
000%
0.00%
0.00%
000%
0.00%
6.00%
000%
0.OD%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
17 Total Translera Out to LWary Fund
0.00%
0.00%
0.00%
0.00%
0.00%
0.DD%
0.00%
0.00%
0.00%
0.00%
0.00%
0.OD%
0.00%
0.00%
0.00%
0.00%
0.00%
18 Total Transitus Out
10.42%
36.90%
5290%
20.66%
15.79%
16.57%
18.90%
1.69%
1.70%
18.31%
40.02%
0.04%
0.07%
0.04%
0.02%
(014%)
0.15%
19 TOTAL TRANSFERS IWOIIT
1076%
45.96%
7t.39%
309.90%
15.31%
5.
ISM%
044%
5.42%
11,77%
47.01%
1615%
14.29%
1326%
12.06%
1111%
10.02%
OTHER SOURCES USES
20 Other Sources
0.00%
0.03%
0.00%
0.00%
0.00%
0.00%
0.00%
9.70%
(27.38%)
100%
100%
1.00%
1.00%
1.00%
t00%
1.00%
1.00%
21 Omar Uses
22 Wd-Marupetnenl Survey
0.00%
0.00%
000%
0.00%
0.00%
0.00%
0.00%
(100.00%)
0.00%
000%
0.00%
0.00%
000%
0.00%
0.0096
000%
000%
23 Total Other Uses
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
(100.110%)
0.00%
0.00%
000%
0.00%
000%
000%
0.00%
0.Oo%
0.00%
24 TOTALOTHER SOURCES USES
0.D0%
0.00%
OOD%
0.00%
0.00%
0.00%
0.00%
42.16%
27.38%
t.00%
1.00%
1.OD%
I.OD%
1.00%
1.00%
1.00%
1.0096
PREPARED BY PUBL)C FMNCLIL MANAGEMENT, /NC.
2123M 7:07 Pal
Source: City d Lod
GOJ FunO (Scer0*A•SWwlMty2).ea
RESOLUTION NO. 2000-43
A RESOLUTION OF THE LODI CITY COUNCIL APPROVING THE
REVENUE AND EXPENDITURE ASSUMPTIONS AS OUTLINED IN
THE GENERAL FUND CASHFLOW MODEL CREATED BY PUBLIC
FINANCIAL MANAGEMENT, AND FURTHER AUTHORIZING THE
CHANGE OF REVENUE ESTIMATES FOR THE 1999-01 FINANCIAL
PLAN AND BUDGET
--------------------------------------------------------------------
--------------------------------------------------------------------
WHEREAS, creation of a long range financial funding model was one of the major
City projects outlined in the 1999-2001 Financial Plan and Budget adopted by the City
Council; and
WHEREAS, to assist in the completion of this goal, the City hired Alex Burnett
from Public Financial Management (PFM) as the City's financial advisor; and
WHEREAS, PFM's scope of duties included the creation of a cashfiow model of
the City's General Fund, the assessment of the viability of the public safety building
project on a pay-as-you-go basis, and the assessment of the impact on the General Fund
balance of any structuring alternative for the public safety complex financing; and
WHEREAS, staff is recommending that Council approve the revenue and
expenditure assumptions as outlined in the General Fund Cashflow model created by
PFM, and further recommends that the Council authorize the change of revenue
estimates for the 1999-01 Financial Plan and Budget to reflect the revenue assumptions
in the cashflow model.
BE IT RESOLVED, that the Lodi City Council hereby approves the revenue and
expenditure assumptions as outlined in the General Fund Cashflow model created by
PFM, and further authorizes the change of revenue estimates for the 1999-01 Financial
Plan and Budget to reflect the revenue assumptions in the cashflow model.
Dated: March 30, 2000
----------------------------------------
----------------------------------------
I hereby certify that Resolution No. 2000-43 was passed and adopted by the City
Council of the City of Lodi in a special meeting held March 30, 2000, by the following vote:
AYES: COUNCIL MEMBERS — Land, Nakanishi, Pennino and Mann
(Mayor)
NOES: COUNCIL MEMBERS — Hitchcock
ABSENT: COUNCIL MEMBERS — None
ABSTAIN: COUNCIL MEMBERS — None
#ity
M. REI CH
rk
2000-43