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Home My WebLink AboutSupplemental Information Received After Posting of Agenda - R. Goldberg comments and PowerPointRobin Roberts From: Robert Goldberg Sent: Saturday, October 07, 2017 5:32 PM To: Ellery A. Deaton; Sandra Massa- Lavitt; Mike Varipapa; Schelly Sustarsic; Thomas Moore Cc: Jill Ingram; Robin Roberts; Steve Myrter, Vikki Beatley; Charles Kelly Subject: Fw: Comment on Item C: Grant for Lampson Ave Bike Lane Attachments: Table.Street Projects.18.19.pdf References.Street Projects.18.19.pcif Dear Council and Staff, Firstly, I would like to applaud staff for their ongoing efforts to secure grant funding for all types of worthwhile projects, including bike lanes on Lampson. Secondly, it is great news that our anticipated revenue from the November 1st state tax increase on gasoline and car registrations (Senate Bill 1) will increase from $173,300 this fiscal year to $453,738 in FY 18-19 (an increase of $280,438). In regards to Item C on Monday's agenda, last summer, staff applied for an 80% funding grant to construct bike lanes on Lampson Ave from Basswood to Seal Beach Boulevard. The application was favorably received, but current funding is only available at the 50% level. Therefore to move forward with the grant, the City would need to commit $8000 in FY 17 -18 for environmental studies and $620,000 in FY 18 -19 for design and construction. Staff concludes that the increase in Senate Bill 1 revenue in FY 18 -19 will allow the City to fund this project while still completing all of the paving projects in the City's FY 18 -19 annual pavement management program without any delays. Without passingjudgment on the merits of the bike lane project, I do have to respectfully disagree with staff's financial assessment. Even without this additional project, data available from the FY 17 -18 Budget, 5 -Year Capital Improvement Plan (CIP), and the 2016 Pavement Management Plan indicate that there will likely be a budgetary shortfall of almost $200,000 in completing the currently planned pavement management projects for FY 18 -19. This shortfall remains even aftertaking the increased SB 1 revenue into account. The attached Table shows expected street- related revenues and expenditures for FY 18-19. (Separately attached is a pdf with detailed references for each figure cited). The expected funding deficit of $184,239 remained even after spending all of the expected left over Gas Tax, M2, and Assigned General Fund Street Improvement money from prior years. This shortfall is before consideration of the Lampson Avenue bike project, since this project was not included in the 5 -Year CIP. Adding in the anticipated FY 18 -19 city cost of this project of $620,000 would create a net possible funding shortfall of about $800,000 for FY 18-19. The City is planning an aggressive street improvement program of over $2 million in the current fiscal year. If the bidding for these projects goes well, there could more left over Gas Tax and M2 money for FY 18 -19 than currently expected. However, I do not see any foreseeable way that favorable bidding could close a funding gap this large. Therefore, I believe that the existing financial data indicates that City funding for the bike lane project in FY 18 -19 will either require a delay in starting other street projects or the use of General Fund reserves. The bike lane project may very well merit either contingency, but I would strongly recommend that this be considered before the City commits to the project. Sincerely, Robert Goldberg , and our current commitment to over $2 million in street projects for the current fiscal year, FY 18 -19 Expected Street Vroiect Revenue and Expenditures Expected FY 18 -19 Revenue Gas Tax $ 533,300 Senate Bill 1 Tax Increase...,...,, $ 453,748 Measure M2 $ 400,000 Interest on Investment of Unspent Fund Balances (Gas Tax) i < 6,000 Interest on Investment of Unspent Fund Balances (M2) _� 8,000 Total $ 1,401,048 Expected FY 18 -19 Expenditures Public Works Overhead & Storm Drain Maintenance (Gas Tax) 1 $ 550,000 Sr Bus and Street Maintenance (M2) $ 233,700 Street Lighting District (M2) $ 54,700 Annual Concrete Repair Program (Gas Tax) $ 50,000 Annual Striping Program (Gas Tax) $ 25,000 Annual Signage Replacement Program (Gas Tax) 1 $ 10,000 Annual Slurry Seal Program (Gas Tax) $ 189,746 Local Surface Street Resurfacing (M2) $ 263,600 Arterial Street Resurfacing Program (M2) $ 368,071 Total $ 1,744,817 Expected Fundinx Deficit for FY 18 -19 FY 38.19 Expenditures Exceeding Revenues $ (343,769) Unspent Gas Tax funds from prior years $ 11,687 Unspent M2 funds from prior years $ 30,677 Street Improvement Assigned Fund Balance i $ 117,166 Total $ (184,239) Footnotes a b c d e G 9 h i k m n See above Totals 0 P 9 It r Information References Footnotes Source Cr a, c, d, a FY 17 -18 Budget, page 23: Revenue for FY 17- 18 Assume no change for FY 18 -19 h Current Staff report, page 3 f, g, h FY 17 -18 Budget, page 16; Operating Transfers Assume no change for FY 18 -19. 1,j, k Approved 5 Year CiP, page 9: FY 18 -19 Budget Assume no change for FY 18 -19. 2016 Pavers ^nt Management Plan, I m n Forecasted Maintenance Report, page 2: Assume no change with update to Estimated cost of recommended projects fsr ^'ion to be issued in June 2018 FY 18 -19 FY 17 -18 Budget, page 169: See Ending Fund Budget figure was reduced by $5000 0 Balance 17 -18. on 9111/17 to cover increased Concrete project costs jBA 18 -03 -01) FY 17 -18 Budget, page 173: See Ending Fond P Balance 17 -18. FY 17 -18 Budget, page 35: Assigned Fund 4 Balances See following pages FY 1 -7-i8 f3uD6;9-7- REVENUE SUMMARY BY FUND Account Ravenna _ Number Spur.. Asset Fmfafture Fund (Fed) - 013: 013 -000 -30420 Interest On lnvesaveNs 013000 -30700 Reimb Mss Svcs 013 -000 -30990 Asset Forferlum Total Asset Forfeiture 2016 -2017 Park tmprosenest -016: 016 400 -30420 Interest on Investmenta 016- 000 -30865 ONmby Act Fang Total Pars improvament Parrelon Obligation WS - 027: 027- 000-30420 Interest on lnveabnenl 027 -000 -31500 Transfer In 027 -000 -31502 Transfer In Operation. Total Pension O611gatlon Fire Station 0/S - 028: OSSneet Parking 028 -000 -30420 Interest pre Investments 028- 000 -31WO Transfer In 028-000 -31502 Transfer ln- 0.1ons Total Fire Station 3n15 -2016 Tidelands Beach -674: FY 2017 -2018 034 - 000 -30425 OSSneet Parking $ 2016 -2047 $ 709,500 $ 2017-2018 $ 3n15 -2016 034- 00030700 Amended 2016 -2017 Adopted MOOD _Sodflet-__ _ Estimated Budget - two 1.500 034- 000 -30959 Adopt A Rgh va, + 6,250 $ - 3 500 $ 500 (134- 000 -30960 21 868 1.040 - - _ 193.437 034 - 000.30980 tither Agenq Revenue 250,000 250,000 S 21S,325 f _'50.000 150,000 S 260,500 f 250,500 2.683.500 72,600 2,661,000 034-000 -31502 Transfer In - Operations S 602 $ 3(10 $ - $ - _ 10 ow, 158.777 10,000 160.000 160,000 034-000-31700 Junior Lifeguard Fees S 10,000 f 182.700 f 2 S 182)00 034- 072 -30800 Rerneatlon Facili0es Rent $ - 1.184,339 1.000 - 034-072 -30610 Leisure Program Fees 114,795 1.221,700 1,222,200 1.264.700 $ t.1E4,341 S 1.221,700 S 1,2221200 f 1,2M,7W 2.500 034863 -30455 Rental of Property 27464 40,000 S 245 40.000 3 $ 2,263,270 -- $ - 5.,2x63 $ 2,418,900 $ 5,46850 - Gas Tax - M0: - 535000 535000 522,300 $ 553,228 S 535,000 $ W"OO $ 622,300 034 - 000 -30425 OSSneet Parking $ 94,870 $ 709,500 $ 850,000 $ 1.115,000 034- 00030700 Reimb Miscellaneous Se. ms 7297 10.000 MOOD 10,000 034 - 000 -30035 Film Lom00n Fee, 302 - two 1.500 034- 000 -30959 Adopt A Rgh va, 6,250 - 6,300 6,300 (134- 000 -30960 Reimb Mimuf armour Revenuo 1.040 - - 034 - 000.30980 tither Agenq Revenue 58,157 100,000 50000 50000 034-00081500 Transfer to - CIP 766699 2.683.500 72,600 2,661,000 034-000 -31502 Transfer In - Operations - 1 61'7.30(1 942,200 720.900 034 - 000 -31600 Landing Fees 158.777 MAN 160.000 160,000 034-000-31700 Junior Lifeguard Fees 209,440 182.700 182,700 182)00 034- 072 -30800 Rerneatlon Facili0es Rent - - 1.000 034-072 -30610 Leisure Program Fees 114,795 65,000 100,000 117.000 034 - 07280955 Special E.N. 159 - 2.500 2.500 034863 -30455 Rental of Property 27464 40,000 40,000 40.000 Total Tidelands, Beach $ 2,263,270 -- $ - 5,586,100 $ 2,418,900 $ 5,46850 - Gas Tax - M0: O0-000 -30420 Interest on Investment, 5 9.90 $ 6,050 $ 6,000 $ 040A00 -32499 Gas Tax 2103 126.801 109,100 180,000 100A 0 NO-OW -32500 Gas Tax 2105 138,586 154,200 MOOD 145,800 040- 000 -32525 Gas Tax 2106 94,302 89100 8(1,000 92.800 0. 040 -OW -32530 Gas Tax 2109 1b0,a81 114.100 200,000 108.300 040 -000 -32535 Gas Tax 2107.5 5.000 6500 6.000 6,000 040 -000 -32536 Road Maintenanw RehabrLOan Repay 173,300 Total Get, Tax $ _555,121 _$ 849.500 $ 622000 S 712,800 Measure M2 - 042: 042 -00080420 Interest on lmes:rnan!s 3 10.032 s 6 O ; 8,000 $ 8®e 042- 000 -30960 Misc Reoel..e r::92 - - 042- 500-33500 Loral Fansnare. 392,053 450050 400000 400.00 Total Measure 1112 - g -_ 408,877 _S_456,000_ 5_408,000 _ $ 405,000 2:1 J Fy )7 -l3 BUS OPERATING TRANSFERS I r-Y 2017 -2016 SUMMARY GENERAL FUND TOTAL TRANSFERS: Amount Tnnate, nnshrin: Tnnehr Fund Nam Numbx In _ Out _ Puryaae CaplNl lmOmvenlan! PrgM 06&000 -315M 12,17500 0014i0031662 324.500 Caonal Proleda Gerenl oni- 06047000 39+0.100 van.. CIP sojees Tenons, 034-80347000 'Jarlws CIP Ppj 001- 00047002 2,661, WO vinouscipscycN Gas Tlx 040L9047000 1.2 ",7W 916,000 Varwua ClPOt . Meawn M2 042 -09947000 Fn SW:. Bond 00118047000 1202600 Va. CIP pm. Traffic lmpaG 01 &33347000 35,000 $T120738 ComprMnuive Pik MOm Seel Re8c01 Cable 05041947000 30000 31314023R Control RWm Glynn. Grande 030.36147000 700,000 vand,s CIP woens CFO tend.. 2084504700 122.003 ST1509 Wo minter Madon lmpmv TOTAL: 12.73p666 _ t2A37,600 General 001-00031502 6337W f Oveitlene and Aemin Coats Ga. Tax 0x009047003 5530. C3 Mame!Or at m.Ven maintenence e M2 ()a2-09a47W2 Senor B CFO 12002-02 20145047002 (/ 00 AEmn cmhheader W OF 0nhnance CFO 9200201 Heron Pgnb 20543047002 11.000 AEmin cons, Benner b OF 001 CFO 120.5- 01 Peu0c Tax 20/14761002 15000 Mmin coop tnnn4s m GF 001 CFD1200501 Paufic Tax A 209400.47002 11000 Atlmin vela eenefer b OF 001 TOTAL: 83],700 633.70_ General 001 -00031852 32450 C-.. Water 017,00044050 324.500 0.00, dFaoah!b OF 001 TOTAL: 324,500 U4,M_ Ganenl 001 -000-31630 A 390 0,il head Sear 043.9254050 54,000 OveTaee denaMr la GF 001 TOTAL: ",000 ",000 Genera 001-06047000 2.661000 Tidelands Tmnner In - CIP 034-00031500 2,88t,OW Tidelands CIP TOTAL: I. "1,000 ; "1,000 Genera 001-00041002 2J27,9. $4ee1 LpbEn9 Uatnd 002 -000 -31602 Sees L,.n8 District Peesom Obligation Bond @7 -WO -31502 1,264.700 PaTeon Obli9edon Bond Fln Edison Bond WS 028-00031502 522300 Fln Station B. Tidelands Tnnsfar ln - Omnlbn 03410531502 sails I TIabmle TOTAL: 2A27,BW _ 2421..800 ReOrement FF.- Gets Bass. 3020003102 151000 $A Debt Service Federal Oblpadon 3040/1147002 751 no Timelier to 302 W des seMCB and TOTAL: T6t,WD _ 731,800 Meaeum M2 042.00947002 54.700 h Measure M2 Shen L.,"n9 Ds" 002-00091502 4.700 Meet Lgnlin90ieoin TOTAL: Kato -- ",1.W Tidal 034 - 000-31002 an'. VsMrte Replamment Transfer 0u! 021.900 -47002 so mo Trannor to 034 v.h. purclwe TOTAL: 80Ao0 00,000 SUMMARY GENERAL FUND TOTAL TRANSFERS: nnshrin: 001 -000 -31502 1153,700 end AdminCmte 001-000-21060 540. Cv hesd Overhead 0014i0031662 324.500 OvB /0300 Trans,h70s: 001- 011047000 O601 ,IW 'Jarlws CIP Ppj 001- 00047002 Shad u Dndn ,^ 001- 01104700 1.2 ",7W n e Peaon O" n SO 001- 00047302 522,3W Fn SW:. Bond 00118047000 840.900 30108047010 enicediek R aplacemm[ Venice TOTAL GENERAL FUND TRANSFERS 3 1212 20 i 12,029,000 to o o:Eas� -�(n v g n'nnzc o I a T tt c� 9T,e' mon m.nn ni g. RE X33 =13 ..,.3I o "3 .��10a a aN 18 a Qi 3 w of I a s° '° all 83 33 Eio.'mQ °°� e� 3 m o a a Rig 3 i N $,888' USo N CK °<' � z G) Coo ��lf � 1r 88 � 8 i II li§ �8 I °• r" °c m o N gig ,> u 8 R'P4 a` I � N I ' 1 p Mimi A },AA $A Iatt 6 n i�` '5 -jai ia',a 9i 3 3�c', si t � a a Isla - oto I � m_ a � la�m, to x� �� ' slm; � I W II�klP1i� a 1'�.. n gig h� Sio�a S OOIOio .. o;or �6,e Alm lot MA i n - i }l } i o � '1�1£ S� r� wo oho ot'+� I alcl I � 1 E 41� r S �t� �. i 1 4 1 1 R �I s� 1 I iw.w w i m }1 i ��m n a IAA$: Y.. City of Seal Beach FY 2017 -2018 Contact Professional 040 -09644000 $ 1429 8 2(00 $ DEPARTMENT: Public Works $ 79,000 Account Code: 040 490 FUND: 010 Gas Tax 737.100 220,300 916,800 i<S'lloo� 2016 -2017 2017 -2018 Account 2015 -2015 Amended 201 6-2017 Adopted Description Number Actual Bud0et Esdmated Budget MAINTENANCE AND OPERATIONS Contact Professional 040 -09644000 $ 1429 8 2(00 $ 1800 $ 79,000 Transfers Out - CIP 040 -090 -47000 423,405 737.100 220,300 916,800 i<S'lloo� Transfers Out - Openathom 040- 09647002 - lca,m 400,000 550,0DO SA -Cf TOTAL MAINTENANCE AND OPERATIONS It 424,834 $ —1 139,100 $ 622.100 $ 1,$43, / TOTAL EXPENDITURES $424_834 $ 1 119100 S 622.100 FUND BALANCE ANALYSIS 20162(117 2017 -2018 2016 -2016 Amended 2018-2017 Adopted Actual Budget Esgmsbd Budget Beginning Fund Balance $ 717,701 $ 841.987 $ 847,987 $ 847,887 Revenues 555,121 649.500 622.000 712.fi00 8 Expenditures (424AU) (1,1]9,100) 1622.100) (1, ) vy I Ending Fund Balance $7987 $ 358,38/ $ 847,887 $ 16.687 paO IilbBi Non itln i City of Seal Beach I FY 2017 -2018 DEPARTMENT: Public Works Account Code: 042 -099 FUND: 042 Measure M2 TOTAL EXPENDITURES $ 343.152 $ 1.169,000 $ 116,400 $ 1,601,600 FUND BALANCE ANALYSIS 2016.2017 2017 -2018 Account 2016-2016 Anrended 2010 -201T Adopted Description Numlwr Achral Budget Est nurod Budget MAINTENANCE AND OPERATIONS $ 865.952 $ 932677 S 932,677 $ 1,224.277 Coui Professional 042 -09944000 $ - S - F - $ 6Q600 Transfers Out -CIP 042- 09947000 343,152 1,169,000 116,400 1,262,600 Transfers Out -Operation 042- 09947002 $ 932,679 _ _ 288.400 TOTAL MAINTENANCE AND OPERATIONS $ 343.152 $ 1169,000 $ 116,400 $ 1,601,600 TOTAL EXPENDITURES $ 343.152 $ 1.169,000 $ 116,400 $ 1,601,600 FUND BALANCE ANALYSIS 20164017 2017-2018 2015.2016 Amended 2016 -2017 Adopted Actual Budget Estimated _ Budget Beginning Fund Balance $ 865.952 $ 932677 S 932,677 $ 1,224.277 Revenues 409,877 45E" 408.000 008,000 Expenditures (343.152) _ (1,169,000) (116.400) 1,801,600) Ending Fund Salance $ 932,679 $$ 219,677 $ 1,224,277 $ 1"30.6377-\ P 1'.3 General 'Fund Analysis of Unassigned Fund Balance The City continues to meet the City Council's adopted fiscal policies for unassigned fund balance. 35 General Fund Assigned Fund Balance 2017 -2018 Beginning Fund Balance _ $23,631,870 Net Revenues (Expenditures) _ (9,590,100) Ending Fund Balance $14,041,770 Assigned for Encumbrances $ 191,831 Assigned for Designations 3,535,729 Assigned for Fiscal Policy 7,546,225 Unassigned Furl Balance 2,767,985 Total General Fund Balance $ 14,041,770 Estimated Estimated Beginning Proposed Ending Balance Decreases Balance Assigned fa Encumbrances $ 191,831 $ - $ 191,831 College Park East 377,000 - 377,000 Swimming Pool 4,782,423 (4 782423) - Economic Condition 1,750.000 - 1,750000 Street Improvement 117,156 - 117,166 Buildings 246.181 (182.700) 63,481 Compensated Absences __1228,082 1,228,082 Total Assigned 8,500,852 (4,965,123) 3,536,729 Assigned for Fiscal Policy 7,544,775 1,450 7,646,225 Grand Total S 16,237,458 $ 4.963,673 $ 11,273,766 35 Revenue for FY 18 -19 Gas Tax $ 533,300 Senate Bill 1 Tax Increase $ 453,748 Measure M2 $ 400,000 Interest on Investments 14,000 Total $ 1,401,048 Expenditures for FY 18 -19 Public Works Overhead & Storm Drain Maintenance $ 550,000 Senior Bus (Dial -a -Ride) and Street Maintenance $ 233,700 Street Lighting District $ 54,700 Annual Concrete Repair Program $ 50,000 Annual Striping Program $ 25,000 Annual Signage Replacement Program $ 10,000 Annual Slurry Seal Program $ 189,746 Local Surface Street Resurfacing $ 263,600 Arterial Street Resurfacing Program $ 368,071 Total $ 1,744,817 10/9/2017 1 10/9/207 Funding Deficit for FY 18 -19 FY 18 -19 Expenditures Exceeding Revenues $ (343,769) Unspent Gay Tax Money $ 11,687 Unspent Measure M2 Money $ 30,677 Genera! Fund $$ Assigned to Street Improvements $ 117,166 Funding Deficit $ (184,239)