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HomeMy WebLinkAboutSupplemental Questions from Council Member SustarsicGloria Harper From: Kelly Telford Sent: Thursday, May 13, 20213:51 PM Cc: Gloria Harper; Craig Steele (CSteele@rwglaw.com); Jill Ingram; Patrick Gallegos; Dana Engstrom; Jennifer Robles Subject: Questions/Updates for Tonight's Budget Workshop Attachments: Personnel Summary - Revised 5-13-21.pdf BCC: CITY COUNCIL Attached is a revised copy of the personnel summary that can be found on page 30-31 of the Proposed FY 2021-22 Operating Budget. We realized that we hadn't updated certain part time positions that resulted from the Police Department reorg that was approved last fall. The true change in personnel is 2.75 FT equivalents. The copy of the proposed budget on the City's website already reflects this revised schedule. Also, below are responses to Council Member questions regarding the proposed budget. On page 13: Tennis Center Services. This is Revenue from Memberships and from our percentage of lessons, etc? Answer: Yes this includes memberships, our share of lessons and our share of the sales from the Pro Shop. 2. On Page 14: Rental of property - Ironwood: There is no rental estimate for 2021/22? Answer: This revenue is no longer tracked by the City separately because the property is management by Westridge Commercial, Inc., who manages all of the City's leased properties. They collect the rent directly and use the proceeds to maintain the property. Excess rents, if any, are held in a separate bank account that is available to maintain all properties they manage on our behalf. 3. On page 18: Fire Station Debt. How much longer are we paying on this debt? Is it until 2024? Answer: Yes, January 15, 2024. 4. On page 22: Public Works. There are some large numbers for Capital Outlay in the Amended Budget 20/21 ($22M) and for Maintenance and Operations in Estimated Actual 20/21 ($58.6M). What are these for? Answer: For Capital Outlay, the amended budget includes the rollover of CIP projects not completed in prior years. We do not anticipate completing all of those projects so the estimated actuals are lower than the amended budget amounts. For Maintenance and Operations, the large amounts are related to the consolidation of the Water Operating and Water Capital Funds and Sewer Operating and Sewer Capital Funds. This will be done as of June 30, 2021 and is the result of the new rate structure for utilities that was approved earlier this year and will be required to maintain accurate accounting records. There is a corresponding increase in in transfers in on pages 18-19 in the Water Operating and Sewer Operating Funds. 5. On page 26: Prior Year Expense: $798,575. What is this? Answer: This is related to our cleanup of old grant accounts. These grants were cleaned up as a part of the FY 19/20 year-end close in preparation of the audit. 6. On page 26: Overhead: The amount for the current budget is nearly double that of the last 2 years. Why is that? Answer: The City's Cost Allocation Plan has been updated to reflect current budget amounts and best practices in the industry. Finance worked with our consultant on this and has fully vetted the new calculations. These will be brought to City Council later this summer as a part of the Citywide Fee Study. In order for the budget to be accurate, we wanted to use the most up to date information we had. I will go into further detail on this during the budget discussion tonight. Thank you, Kelly Telford, CPA Director of Finance/Treasurer City of Seal Beach - 211 Eighth Street, Seal Beach, CA 90740 (562) 431-2527 Ext. 1311 {NCeU3f C14�c��• NOTICE: This communication may contain privileged or other confidential information. If you are not the intended recipient of this communication, or an employee or agent responsible for delivering this communication to the intended recipient, please advise the sender by reply email and immediately delete the message and any attachments without copying or disclosing the contents. Thank you.