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HomeMy WebLinkAboutAgenda Report - May 20, 2020 C-08AGENDA ITEM e-g Crrv or Loor Couxcrr CovrMUNrcATroN TM AGENDA TITLE: MEETING DATE: PREPARED BY: Adopt Resolution Ratifying the San Joaquin Council of Governments'Annual Financial Plan for Fiscal Year 2020121 May 20,2020 Public Works Director RECOMMENDED ACTION Adopt resolution ratifying the San Joaquin Council of Governments' Annual Financial Plan for Fiscal Year 2020121. BACKGROUND INFORMATION: A summary of the San Joaquin Council of Governments' (SJCOG) Annual Financial Plan (AFP) for Fiscal Year 2O2Ol21 is attached as Exhibit A. The SJCOG Board adopted the AFP on April 16,2020 (Exhibit B). Pursuant to SJCOG's Joint Powers Agreement, the budget is to be ratified by the City of Lodi and the other agencies in the County following adoption by the SJCOG Board. Staff would like to acknowledge both the importance of the work SJCOG performs and the significant and excellent assistance their staff provides in delivering transportation projects in the City and the entire County. FISCAL IMPACT This is the operating plan for SJCOG. SJCOG oversees Measure K funding for several projects in Lodi, including street maintenance, as well as the administration of several federal funding sources. FUNDING AVAILABLE: Not applicable Charles E. Swimley, Jr Public Works Director CES/CES/tc Attachments cc:Janice D. Magdich, City Attorney Steve Dial, COG Deputy Executive Director/Chief Financial Officer APPROVED \\cvcfilv02\pubwks$\WP\COUNClLU020\SJCOG AFP 2020.doc , City Manager 5t7t2020 FY 2018-19 FY 2019-20 FY 2020-21 +/-+/- REVENUES Actual Amendment #2 Proposed Change % Change Federal Grants 2,968,365$ 4,787,233$ 5,019,336$ 232,103$ 4.85% State Grants 1,170,677$ 3,547,225$ 3,023,089$ (524,136)$ -14.78% Local 4,238,440$ 4,744,609$ 5,602,069$ 857,460$ 18.07% Interest 19,006$ 5,000$ 20,000$ 15,000$ 300.00% Other 26,712$ 15,000$ 29,000$ 14,000$ 93.33% SJCOG OPERATING REVENUE 8,423,199$ 13,099,067$ 13,693,494$ 594,427$ 15.82% EXPENDITURES Salaries & Benefits 4,104,749$ 4,466,831$ 4,641,882$ 175,051$ 3.92% Services & Supplies 1,091,352$ 1,282,470$ 1,207,300$ (75,170)$ -5.86% Office Expense 229,391$ 262,470$ 242,500$ (19,970)$ -7.61% Communications 76,144$ 80,000$ 60,000$ (20,000)$ -25.00% Memberships 40,206$ 50,000$ 45,000$ (5,000)$ -10.00% Maintenance - Equipment 7,827$ 10,000$ 10,000$ -$ 0.00% Rents & Leases - Equipment 105,285$ 225,000$ 150,000$ (75,000)$ -33.33% Transportation,Travel & Training (In & Out of State)144,311$ 114,500$ 121,000$ 6,500$ 5.68% Publications & Legal Notices 2,809$ 7,500$ 7,500$ -$ 0.00% Insurance 110,063$ 133,000$ 146,300$ 13,300$ 10.00% Building Operations & Maintenance 192,173$ 200,000$ 225,000$ 25,000$ 12.50% SJCOG Building Debt Service Principal and Interest 183,144$ 200,000$ 200,000$ -$ 0.00% Professional Services 2,490,577$ 7,154,266$ 7,648,812$ 494,546$ 6.91% Capital Outlay 146,214$ 195,500$ 195,500$ -$ 0.00% Unallocated/Reserve SJCOG OPERATING EXPENDITURES 7,832,892$ 13,099,067$ 13,693,494$ 594,427$ 4.54% San Joaquin Council of Governments ANNUAL FINANCIAL PLAN Fiscal Year 2020/2021 Proposed March 26, 2020 FY 2018-19 FY 2019-20 FY 2020-21 +/-+/- REVENUES Actual Amendment #2 Proposed Change % Change Federal Grants 2,968,365$ 4,787,233$ 5,019,336$ 232,103$ 4.85% State Grants 1,170,677$ 3,547,225$ 3,023,089$ (524,136)$ -14.78% Local 4,238,440$ 4,744,609$ 5,602,069$ 857,460$ 18.07% Interest 19,006$ 5,000$ 20,000$ 15,000$ 300.00% Other 26,712$ 15,000$ 29,000$ 14,000$ 93.33% SJCOG OPERATING REVENUE 8,423,199$ 13,099,067$ 13,693,494$ 594,427$ 15.82% EXPENDITURES Salaries & Benefits 4,104,749$ 4,466,831$ 4,641,882$ 175,051$ 3.92% Services & Supplies 1,091,352$ 1,282,470$ 1,207,300$ (75,170)$ -5.86% Office Expense 229,391$ 262,470$ 242,500$ (19,970)$ -7.61% Communications 76,144$ 80,000$ 60,000$ (20,000)$ -25.00% Memberships 40,206$ 50,000$ 45,000$ (5,000)$ -10.00% Maintenance - Equipment 7,827$ 10,000$ 10,000$ -$ 0.00% Rents & Leases - Equipment 105,285$ 225,000$ 150,000$ (75,000)$ -33.33% Transportation,Travel & Training (In & Out of State)144,311$ 114,500$ 121,000$ 6,500$ 5.68% Publications & Legal Notices 2,809$ 7,500$ 7,500$ -$ 0.00% Insurance 110,063$ 133,000$ 146,300$ 13,300$ 10.00% Building Operations & Maintenance 192,173$ 200,000$ 225,000$ 25,000$ 12.50% SJCOG Building Debt Service Principal and Interest 183,144$ 200,000$ 200,000$ -$ 0.00% Professional Services 2,490,577$ 7,154,266$ 7,648,812$ 494,546$ 6.91% Capital Outlay 146,214$ 195,500$ 195,500$ -$ 0.00% Unallocated/Reserve SJCOG OPERATING EXPENDITURES 7,832,892$ 13,099,067$ 13,693,494$ 594,427$ 4.54% San Joaquin Council of Governments ANNUAL FINANCIAL PLAN Fiscal Year 2020/2021 Proposed March 26, 2020