75A-1 - PH FY 18 19 CITY BUDGET - Laserfiche WebLink

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Public Hearing — Fiscal Year 2018-19 City Budget June 5, 2018 Page 3 In addition, the FY 2018-19 General Fund Budget includes funding for the following programs and/or services: • Additional General Plan Funding • Sanitation Fund Compliance • City Elections Costs (projected) • Salary Matrix Conversion/Payroll Manager CAPITAL IMPROVEMENT PROGRAM (CIP) The proposed City's Capital Improvement Program (EXHIBIT 5) for fiscal year 2018-19 totals $40.1 million. The program includes the following initiatives: continued planning and development of the OC Streetcar Project; traffic improvements including the addition of protected bike lanes, continuation of Safe Routes to Schools; park improvements for Roosevelt/Walker Center and 6th and Lacy parks; installation of security lighting and cameras for park safety; street improvements for ongoing residential street repair and arterial streets, and funding in public utility improvements such as the street lighting project. The Seven -Year CIP of $94.9 million from fiscal year 2018-19 to 2024-25 includes utilizing various funding sources such as Gas Tax and OCTA Measure M2 funding for street improvements over the next seven years. WORKFORCE CHANGES In regards to proposed workforce changes for fiscal year 2018-19, there is a net total of five new full-time positions, as well as the reallocation of eighteen positions. In addition, the proposed resolution amends prior resolutions by adding and changing a number of classification titles to reflect the proposed workforce changes. For fiscal year 2018-19, the total full-time authorized position count will increase to 1,172 which includes 57 unfunded positions. RECORDING OF UNCLAIMED DEPOSITS As part of the Finance and Management Services Agency (FMSA) ongoing due diligence efforts along with discussion with various City Departments, it was determined that certain deposits made with the City are eligible to be recorded as revenue to both the Water Enterprise and General Fund due to the said deposits being unclaimed. Thus, unclaimed deposit(s) are eligible to be recorded as revenue to the City in accordance with the applicable Government Code Section. However, to ensure the public was aware of the existence of unclaimed deposits on file with the City, FMSA in conjunction with the City Attorney's Office prepared a Public Notice and subsequently released on April 7, 2018 (see Exhibit 5). The City did not receive any claims by May 22, 2018 (45 days from Public Notice). As a result, the unclaimed deposits held by the City are eligible to be recorded as City revenue. The majority of the unclaimed deposits (Fund 098), in the amount of $998,915.66, will be utilized as a one-time funding source for the following projects: Partial Funding of the November 2018 Election Costs ($325k); Partial General Plan Funding ($250k); and Matrix/Time Entry System Upgrade/Administration ($300k). Unclaimed Deposits, related to Water Services, approximating $705,752.84 (as of May 22, 2018) will be recorded from the Bulk Water Deposits to the Water Enterprise Fund for future appropriation. 75A-1-3