HomeMy WebLinkAbout6-04-20 Budget Workshop pptPROPOSED OPERATING & CAPITAL IMPROVEMENT BUDGETFISCAL YEAR 2020-2021CITY OF SEAL BEACHBUDGET WORKSHOPJUNE 4, 20201
FY 2020-21 BUDGET CHALLENGES•Pre-COVID-19 –•Revenues were already expected to slow to a 1% increase from FY 19/20 while expenses were expected to increase by nearly 5% •Cost increases that are unavoidable•2% increase in base salaries for already negotiated contracts•5% increase in PERS costs•Post-COVID-19 – Closures have triggered an economic decline some are calling a recession2
FY 2020-21 GENERAL FUNDBALANCING MEASURES•General Fund is balanced without the use of reserves•Maintains the excellent level of service the community has come to enjoy•Does not propose changes that effect personnel such as furloughs, pay cuts, lay-offs or hiring freezes3
FY 2020-21 SUPPLEMENTAL ITEMS –ONE ITEM•Reclass staff in City Manager’s Office and Finance Department•Eliminate FT Accounting Clerk and PT Management Analyst•Add FT Management Analyst•NO CHANGE IN TOTAL FT PERSONNEL•Would be a shared resource to work on special projects:•Project management for the IT Master Plan•Project management for IT project implementations•Conduct community outreach •Assist with social media outreach•Assist with accomplishment of Strategic Plans and GoalsResource would assist in meeting City Council Goals 2 and 34
FY 2020-21 SUPPLEMENTAL ITEMS•No Increase in Full-Time Personnel•Results in Cost Savings to City•Allows time for Finance to conduct a needs assessment while utilizing resources needed today5
CAPITAL IMPROVEMENT PROGRAM BUDGET6
Proposed CIP Projects $8,063,000 –By Funding SourceCIP 045, $1,928,000 Water 019, $2,710,000 SB1 RMRA 039, $400,000 Gas Tax 040, $670,000 Measure M2 042, $500,000 Sewer 044, $550,000 Citywide Grants 080, $1,305,000 7
5-Year CIP Program•General Fund:•Lifeguard Headquarters/PD Substation•Tennis Center Locker Room•Main Street Improvements•Tidelands Fund (General Fund Subsidy):•Seal Beach Pier Concrete Abutment Restoration•Pier Restroom Restoration •Beach Planter Rings Replacement•Rivers End Restroom Restoration•Sewer Fund:•Sewer Mainline Improvement Program•6thSt. Alley Waterline/Sewerline Replacement•Water Fund:•Bolsa Chica Water Well Rehabilitation •Lampson Well Head Treatment•LCWA Watermain Lining•Advanced Metering Infrastructure8
9QUESTIONS & ANSWERS