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Home My WebLink AboutPPT - 65A_SURPLUS DETERMINATION Miguel Pulido Mayor Vincent Sarmiento Mayor Pro Tem Ward 1 Michele Martinez Ward 2 Angelica Amezcua Ward 3 David CITY OF SANTA ANA Benavides Ward 4 SURPLUS PLANNING Roman Reyna Ward 5 DAVID CAVAZOS, CITY MANAGER Sal Tinajero October 20, 2015 Ward 6 THANK YOU Thank you Mayor & Councilmembers for • your faith and confidence in the City’s management team & City employees. Thank you for your leadership & for • believing in a positive outlook for the City! 2 FY 14-15 PROJECTED YEAR-END SURPLUS TOTAL GENERAL FUND FY 2014-2015 FY 2014-2015 VARIANCE GENERAL FUNDPROJECTED REVISED BUDGET YEAR-END RESULTS Total Revenues $ 208,918,360$ 219,599,548$ 10,681,1885.1% Total Expenditures $ 208,918,360$ 208,343,008$ (575,352)-0.3% Current estimates for the year-end balance/surplus is approximately: +$11,256,540 $25M Total of approximately over two years 3 CITY CHARTER REQUIREMENTS (Santa Ana City Charter) Sec. 609 –Budget Appropriations (Year-End Balance). From the effective date of the budget, the several amounts stated therein as proposed expenditures shall be and become appropriated to the several offices, agencies, and departments for the respective objectives and purposes therein specified as stated in an appropriation ordinance. All appropriations shall lapse at the end of the fiscal year to the extent that they shall not have been expended or lawfully encumbered. Sec. 609 –Budget Appropriations (Voting Requirements). At any meeting after the adoption of the budget, the City Council may amend or supplement the budget by motion adopted by the two-thirds (2/3) affirmative votes of at least of the members so as to authorize the transfer of unused balances appropriated for one purpose to another purpose, or to appropriate available revenue not included in the budget. 4 ALLOCATION SCHEDULE August 2015: Discussions with Mayor and Council – Mayor and Council Retreat: August 18, 2015 – Discussions with Mayor and Council – September 2015: Final determination of accrued expenses – Discussions with Mayor and Council – Also, preliminary surplus amount determined $11,250,000 – Work Study Session: September 15, 2015 – Discussions with Mayor and Council – October 2015: Discussions with Mayor and Council – Final Council Approval of Surplus Funds: October 20, 2015 – Discussions with Mayor and Council – 5 THE PLAN –ONE TIME MONEY Total Funding Parks • Parks $1,870,200.00 Facilities/Assets Safety/Security • $2,885,000.00 Technology • Safety/Security $1,290,000.00 Investment • Facilities/Assets • Investment $2,550,000.00 Technology $2,653,600.00 6 PARKS After Before Befor e After 7 SAFETY / SECURITY 8 TECHNOLOGY 9 FACILITIES / ASSETS 10 INVESTMENT 11 SURPLUS ALLOCATION–NEXT STEPS 1.Review projects and adopt a Fiscal Year 2014-15 Surplus Allocation “List of Projects” for consensus approval by Mayor and City Council: OR Review options and direct staff to make adjustments to the Fiscal Year • 2014-2015 Surplus Allocation Plan at the discretion of the Mayor and City Council. Approve a combination of surplus eligible projects from the ‘List of Projects” and direct staff to appropriate funds in the amounts identified by the Mayor and Council. 2.Approve the establishment of the Council Special Projects Fund (fund 50) and the appropriation adjustment recognizing up to $11,250,000 from the Fiscal Year 2014-15 General Fund Balance and appropriating the same to the Council Special Projects Fund expenditure and reserve accounts as outlined in the Surplus Allocation Plan. 12 BRISTOL PROPERTY SALE (CDBG) ECONOMIC INVESTMENT FUNDS (SARTC) NEXT STEPS Review projects that are CDBG eligible according to the discretion of the • Mayor and City Council funded by the sale of Bristol Street Remnant Parcels up to an amount of $2,000,000. Review and approve Santa Ana Regional Transportation Center’s • ‘maintenance and improvements’ in the amount of $3,800,000 pending completion of city-wide credit analysis indicating the use of the Economic Investment funds would have no adverse impact on the City’s credit rating. 13 Miguel Pulido Mayor Vincent Sarmiento Mayor Pro Tem Ward 1 Michele Martinez Ward 2 Angelica Amezcua Ward 3 David CITY OF SANTA ANA Benavides Ward 4 SURPLUS PLANNING Roman Reyna Ward 5 DAVID CAVAZOS, CITY MANAGER Sal Tinajero October 20, 2015 Ward 6