65F - 15-16 SURPLUS ALLOCATION - Laserfiche WebLink

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Budget Surplus Allocation Plan December 20, 2016 Page 2 2. Approve $880,000 from the Fiscal Year 2015-16 Surplus Allocation Funds for the following items: Public Safety initiative of the shared cost of construction for the County Animal Shelter - $750,000 Public Safety Communication — 800 MHz Partnership Costs, to fully fund obligation - $130,000 Approve formal implementation of items previously approved by Council of the unanticipated Triple Flip of $5,600,000 (Exhibit 2) • Enterprise Fund Assessment reduction to the General Fund — $2,388,082 • Transfer of Graffiti Abatement Services from the Sanitation Fund to the General Fund —$1,200,000 • Civic Center Safety and Security Enhancement Initiatives — $731,836 • Public Safety Communication — 800 MHz Partnership Costs — $1,280,082 The above -referenced items require Appropriation Adjustments and are recommended to be funded from the Fiscal Year 2015-16 General Fund Balance and appropriating the amount to the Council Special Projects Fund expenditure and reserve accounts as outlined in the Surplus Allocation Plan noted above. DISCUSSION During the most recently completed two fiscal years, 2014-15 and 2015-16, Finance and Management Services Agency (Finance Staff) upon conclusion of the City's annual audit have prepared a plan allocating General Fund Surplus Funding for Council Consideration. During the June 21, 2016 City Council Meeting, Finance Staff identified a potential General Fund surplus range for Fiscal Year (FY) 2015-16 between $1,500,000 to $3,500,000. However, the City's General Fund Surplus increased to $9,100,000, largely as a result of increased revenue derived from repayment from the State of California Board of Equalization for Sales Tax -Triple Flip totaling approximately $5,600,000. Public Safety Initiatives $2,620,000: As noted above direction was provided to Finance Staff to evaluate the Public Safety initiatives. The options were compiled (see below) from recommendations made by the Public Safety and Neighborhood Improvement Committee (Committee) on November 22, 2016 that may be funded from the remaining General fund Surplus projection of $1,500,000 to $3,500,000. Option A - ($2,620, 000) The Committee recommended evaluation of the appropriateness in developing a Skate Park and entering into a Joint -Use agreement for the development of Parks project as a means of fulfilling the Public Safety initiative of a Preventive program. The Parks, Recreation and Community Services Agency (PRCSA) has proposed to construct a Skate Park; similar to the Centennial Facility at Memorial Park or at Angels Community Park. The cost estimate provided by PRCSA with developing a Skate Park is approximately $1,120,000. 65F-2