HomeMy WebLinkAbout2001-04-17 - AGENDA REPORTS - BUDGET PRIORITY DISCUSSION (2)CITY OF SANTA CLARITA
INTEROFFICE MEMORANDUM
TO: Mayor Weste and City Councilmembers
FROM: George A. Caravalho, City Manager
DATE: April 17, 2001
SUBJECT: DRAFT FISCAL YEAR, 2001/02 CAPITAL IMPROVEMENT PROG
BUDGET — FUNDING PRIORITY DISCUSSION RAM
(CIP)
RECOMMENDED ACTION
City Council receive the presentation and provide further direction to stafi.on fundin
for Fiscal Year 2001/02.
g Priorities
BACKGROUND---
At the March 20, 2001, Budget Study Session, City staff was directed to provide the City
Council with detailed information pertaining to the pending adoption of the Fiscal Year 2001/02
CIP Budget. Specifically, staff was asked to provide the City Council with:
1. An overview of CIP Project accomplishments during the previous 12 months and
the status of ongoing and pending priority CIP Projects.
2. Budget information pertaining to the current CIP Budget (Fiscal Year 2000/01).
3. A comprehensive listing of all CIP Projects proposed for funding as part of the
Fiscal Year 2001/02 CIP Budget Process.
At this time, staff is prepared to provide the City Council with an encompassing overview of all
CIP Projects proposed for funding as part of the Fiscal Year 2001/02 CIP Budget Process. Ill
Preparation for this endeavor, staff has provided the City Council with a complete listing of all
new and continuing CIP Projects proposed for inclusion in the Fiscal Year 2001/02 CIP Budget.
To further refine the CIP Budget discussion, City staff has prepared a Transmittal Letter for
the City Council, providing an overview of the City's projected General Fund balance.
Specifically, this Transmittal Letter outlines the anticipated unallocated level of General Fund
available for discretionary use and the priority projects identified by the City Council to be
considered for funding and options for the City Council's review and consideration.
ALTERNATIVE ACTION
Other action as determined by the City Council
Item:
Agenda • /
g
DRAFT FISCAL YAER 2001/02 CAPITAL IMPROVEMENT PROGRAM
(CIP) BUDGET — FUNDING PRIORITY DISCUSSION
April 17, 2001 —Page 2
Based upon funding priorities identified by the City Council, staff will prepare the proposed
Fiscal Year 2001/02 CIP Budget for presentation to the City Council in early May 2001.
ATTACHMENTS
Fiscal Year 2000/01 CIP Budget — Project Funding Spreadsheet
CIP Project Highlights
Fiscal Year 2001/02 CIP Budget — Requested Projects/Funding
Transmittal Memorandum
California Infrastructure and Economic Development Bank Loan Memorandum
GAC:KMT:ds
council \ CIP417report.doc
TO:
FROM:
CITY OF SANTA CLARITA
INTEROFFICE MEMORANDUM
Mayor Weste and Members of the
George A. Caravalho, City Mana€
DATE: April 12, 2001
SUBJECT:
CAPITAL IMPROVEMENT AND OTHER OUTSTANDING BUDGET
ITEMS — STUDY SESSION, APRIL 17, 2001
We have completed meetings with all departments to review budget needs for the
coming year and have a preliminary estimate of what our budget may look like for
FY 2001-02. As was stated at the January 16 Study Session, no growth is
anticipated in General Fund Revenues. Total Revenues are estimated at
$52,057,000, compared to $52,040,000 in FY 2000-01.
While our revenues are not anticipated to grow, our base budget is growing by
$3,000,000, due to several factors, including the large commitments that City
Council has made during the past couple of years. These projects, such as the
Activity Center, TMC opposition effort, increased energy costs, increase to Sheriff
contract, additional parks and playfields, will be co
year, impacting our operating budget. Whileng on line in the coming fiscal
miour base budget has grown, our City
continues to be financially healthy, with ongoing expenditures continuin
within our ongoing revenues.
g to be
In addition to addressing the operating needswe have Capital Proect,
commitments, MTA Grant match needs, and annual mainte ante projects t at,are
recommended to be funded. These projects total approximately $11,700,000. These
include the funding of the Aquatics Center, Open Space, COC auditoriu
a portion of our Annual Slurry and Overlay Programs. m, as well as
While this may seem like we have plenty on our plates, we still have a list of
opportunities that have yet to be addressed. These unfunded opportunities
itemized on the attached sheets, and total over $38,000,000.
balance falls far short of meeting those needs. It is anticipated thatunllocatnd
General Fund Balance will be Our unallocated fund
$3,500,000.
City Council has several options to deal with this dilemma:
1) Live within our means.
2) Increase revenues.
3) Reduce existing programs, projects, or levels of service.
4) Borrow funds.
CAPITAL IMPROVEMENT AND OTHER
OUTSTANDING BUDGET ITEMS
April 12, 2001
Page 2
5) Issue bonds.
6) Economic development.
7) Define core service areas for the City.
The purpose of our meeting on April 17, is to take some time to discuss how best to
address the list of opportunities that are currently before the City Council. In order
to prepare for this meeting, I am available to meet with you at your convenience.
Please contact me to set up a time to meet.
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Attachments
WANTS/NEEDS
AVAILABLE FUNDS;
OPE— RATING
Architectural Design Consultants
Historical Society Request
(2) School Deputies
Add'] PLAY Sites
Senior Center Transportation Increase
TOTAL OPERATING
CAPITAL—
Cross Valley Connector - Fly -over
Road Maintenance -Slurry &Overlay
Golden Valley Rd. Interim Improvements
Newhall Partners — GVR Sierra to Hwy 14
Haskell Cyn Bridge Approach - Road
Scherzinger Ln. Improvements
San Fernando Rd. Corridor
38 Acres — Unimproved
Whitney Canyon Improvements
Beazer Property — Open Space
Aquatics Center (Additional)
Practice Fields & Temporary Gym _Central Park
Veteran's Park and Plaza
Placerita Cyn Trail
Santa Clarita Metrolink Acquisition
Boys & Girls Club - Additional
Sand Cyn Trail/Swale
Automated Red Light Enforcement
Newhall Parking Lot — Lease & Improvements
Children's Museum
Parking Structure — City Hall
Sidewalk Repair
Community Center Site Acquisition
TOTAL CAPITAL
GRAND TOTAL
3 = 000
$ 60,000
106,000
320,000
47,650
100.000
$633,650
$ ??????
3,746,800
1,400,000
4,200,000
535,000
1,407,000
100,000
6,500,000
500,000
750,000
2,960,000
2,500,000
100,000
50,000
3,000,000
700,000
100,000
150,000
150,000
2,000,000
3,500,000
100,000
3,000 000
$-37,448,800
S= 082 450
OPPORTUNITIES
1) Cinema Dr. — Pony League and Auto Dealerships
2) City Hall Parking/Relocation/Library
3) Mall Expansion — Economic Hub
ISSUES
What are we able to afford?
What are our priorities?
Do you want to borrow money? Infrastructure Fund? Section 108 Block
Grant?
Do you want to continue the Economic Development efforts listed above?
What are our core services? (What business are we in?)
Roads, Parks, Police, Transit, Recreation, Planning, Building, Traffic,
Streets, etc...
What other desirable services do we want? (What can we afford?)
Arts, Homeless, Historical, Museums, Hospital, Energy Development
Social Services... ,