HomeMy WebLinkAbout2018-06-12 - AGENDA REPORTS - FY 2018-19 ANNUAL OPERATING BUDGET AND CIP (2)27
Projected Revenues
A significant part of the budget process is estimating revenues for the upcoming fiscal year. This
process is critical, as appropriations are based on these projections. Several factors are
considered to ensure accuracy in our projections, including the state of the economy, historical
trends, population projections/growth, and inflationary factors. With this information, the City
can best determine the revenues available for allocation. Additionally, the City utilizes long-
range financial planning to ensure long-term solvency.
For Fiscal Year 2018-2019, total resources meet total expenditure appropriations, with the
General Fund yielding a revenue surplus of $396,429. For certain one-time capital projects, the
fund balance is appropriated.
General Fund Revenues
a projected increase of 1.4 percent when compared to the current adopted budget.
General Fund Appropriations
Fiscal Year 2018-2019 General Fund appropriations total $110.4 million. General Fund
expenditures for Fiscal Year 2018-2019 include funding for operating departments, debt
services, contingency, and transfers to other funds.
General Fund Operating Reserve
Reserves are a critical component of the budget because this is a funding source that can be
counted on in case of an emergency or unforeseen opportunity. The City has been very fortunate
to be able to maintain a healthy General Fund Operating Reserve during slow, economic times.
The operating reserve will remain at 20 percent of operating expenditures. For Fiscal Year 2018-
e will total $16.9 million.
Capital Improvement Program
The Capital Improvement Program (CIP) is a key component of the budget and is of vital
importance to the community as a whole. The CIP represents a balanced approach for meeting
major goals for projects, while maintaining critical ongoing maintenance. Comprised of a variety
of multi-year and multi-funded capital projects, the CIP for Fiscal Year 2018-2019 totals $28.7
However, as large projects identified in Santa Clarita 2020 move into construction phases,
additional funding will be brought before the City Council for appropriation and contract award.
Station on Golden Valley Road.
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ALTERNATIVE ACTION
Other action as determined by the City Council and the Successor Agency to the former
Redevelopment Agency.
FISCAL IMPACT
The Fiscal Year 2018-2019 Budget totals $203 million, including $28.7 million for the Capital
Improvement Program. The proposed budget is balanced.
ATTACHMENTS
Public Hearing Notice
Draft Annual Operating Budget and CIP FY 2018-2019 (available in the City Clerk's Reading
File)
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27.a
CITY OF SANTA CLARITA
NOTICE OF PUBLIC HEARING
PUBLIC NOTICE IS HEREBY GIVEN:
A Public Hearing will be held before the City Council of the City of Santa Clarita to
consider the proposed budget for fiscal year 2018-19 and the Proposed Capital
Improvement Program in the City of Santa Clarita.
The budget will be heard by the City Council in the City Hall Council Chambers,
23920 Valencia Blvd., 1st Floor, the 12th day of June, 2018, at or after 6:00 p.m.
If you wish to challenge this order in court, you may be limited to raising only those
issues you or someone else raised at the public hearing described in this notice, or in
written correspondence delivered to the City Council, at, or prior to, the public hearing.
Proponents, opponents, and any interested persons may appear and be heard on this
matter at that time. Further information may be obtained by contacting Jerrid McKenna,
, at (661) 255-4921, Santa Clarita City Hall, 23920 Valencia Blvd.,
Suite #300, Santa Clarita, CA.
Dated: May 31, 2018
Mary Cusick
City Clerk
Publish Date: June 1, 2018
Attachment: Public Hearing Notice (FISCAL YEAR 2018-2019 ANNUAL OPERATING BUDGET)
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Agenda Item: 28
CITY OF SANTA CLARITA
AGENDA REPORT
PUBLIC HEARINGS
CITY MANAGER APPROVAL:
DATE: June 12, 2018
SUBJECT: ANNUAL ADJUSTMENT OF FEES AND AMENDMENTS TO THE
FEE SCHEDULE
DEPARTMENT: Administrative Services
PRESENTER: Lance O'Keefe
RECOMMENDED ACTION
City Council:
1. Conduct the public hearing on the proposed fee adjustments.
2. Adopt a resolution establishing a schedule of fees and charges for City services.
BACKGROUND
In 1990, the City Council directed staff to prepare a study identifying the full cost of providing
services. The result of this effort was the adoption of the City Council Ordinance No. 90-17
establishing cost-recovery standards, adoption of the City of Santa Clarita's (City) first full-cost
based fee schedule, and an ongoing mechanism to assess the cost of City services and to adjust
fees accordingly.
Propositions 4 and 13 establish the "costs reasonably borne" philosophy. The philosophy
necessitates the determination of the full-business cost of each City-provided service, the
identification of the beneficiary of each service, and the evaluation of services to determine an
appropriate level of cost recovery for each. "Costs reasonably borne" implies a direct relationship
between payment of fees and charges and receipts of services. The direct fee/service and tax
equity relationship does not exist when tax monies are used to subsidize services received by
only a small portion of the taxpaying public, or by non-residents.
Every five years, the City examines the costs associated with providing services to the public.
During Fiscal Year (FY) 2013-14, staff worked in conjunction with an independent third party to
conduct a time-motion study to determine the most accurate cost of providing services to the
public. All City departments participated in the study to determine the amount of time employees
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