Loading...
11 Staff Report - Budget and Capital Improvements for FY 2005-10DATE: COUNCIL/AGENCY AGENDA REPORT June 6,2005 MEETING DATE:6/06/05 ITEM NO.11 TO: FROM: SUBJECT: MAYOR AND TOWN COUNCIL! CHAIR AND MEMBERS OF THE REDEVELOP y TOWN MANAGERlEXECUTIVE DIRECTOR ADOPT RESOLUTIONS APPROVING·THE TOWN AND REDEVELOPMENT AGENCIES FISCAL YEAR 2005/06 OPERATING BUDGET,CAPITAL IMPROVEMENT PLAN FOR FISCAL YEAR 2005-1 0, CARRY-FORWARD APPROPRIATIONS,AND OTHER APPROVED ADJUSTMENTS AND MINOR CORRECTIONS RECOMMENDATION: 1.Adopt resolution approving the 2005/06 Operating and Capital Summary Budget and the FY 2005 -2010 Capital Improvement Plan for the Town of Los Gatos,directing staff to incorporate within the final adopted budget any changes related to any Council approved meet and confer process and/or any management compensation plan amendments,minor corrections due to more refined budgetary estimates or additional Town Council direction received by staff upon adoption of the budget (if any),and authorized carry-forward appropriations. 2.Adopt resolution approving the 2005/06 Operating and Capital Summary Budget and the FY 2005-2010 Capital Improvement Plan for the Redevelopment Agency of Los Gatos,directing staff to incorporate within the final adopted budget any changes related to any Council approved meet and confer process and/or any management compensation plan amendments,minor corrections due to more refined budgetary estimates or additional Agency Board Member direction received by staff upon adoption of the budget (if any),and authorized carry-forward appropriations. PREPARED BY: C:\Documents and Settin~\User\Desktop\FINAL ADOPTION 2005-06_l.wpd Reviewed by:__Assistant Town Manager ~Town Attorney __Clerk :5C-Finance __Community Development Revised:6/2/05 4:38 pm Refonnatted:5/30/02 PAGE 2 MAYOR AND TOWN COUNCIL SUBJECT:ADOPT RESOLUTION APPROVING THE 2005/06 OPERATING/CAPITAL BUDGET JUNE 6,2005 BACKGROUND: A public hearing was held on the 2005-20 10 Capital Improvement Plan,the Redevelopment Agency Operating &Capital Budget,and the Town's Operating Budget on May 16,2005.Staff received additional direction and feedback from Council regarding the Proposed Budget for FY 2005/06.The proposed changes to date received from Council have been incorporated into the revised FY 2005/06 Proposed Budget.The Council changes are discussed in the following pages.There are also some recommended adjustments to the Proposed budget being suggested by staff as detailed in the following discussion.Any additional minor corrections and changes directed by the Town Council upon adoption ofthe budget can be incorporated into the final authorized budget as provided for in the adopted Budget Resolution. DISCUSSION: The table below presents summary fund information reflecting the proposed FY 2005/06 revenues and other sources and expenditures reviewed by Town Council on May 16,2005, TOWN OF LOS GATOS REVENUES AND OTHER FlJNDlNG SOURC:~ ALLFlJNDS General Fund Special Revenue Funds futemal Service Funds Trust &Agency Funds Capital Project Funds RDAFunds Total Town Revenues and Transfers In Plus Reserve Funding Capital Project GFAR Fund Balance Carryforward Capital Project RDA Fund Balance Carryforward GF Reserve for State Budget Total Revenues,Transfers In,&Reserve Funding FY2005/06 Proposed Budget $26,110,250 1,966,561 3,920,220 188,240 2,755,692 5,489,900 40,430,863 1,547,250 1,956,924 480,000 44,415,037 FY2005/06 Proposed Adjustments $176,000 (25,000) 151,000 151,000 FY2005/06 Recommended Budget $26,286,250 1,966,561 3,920,220 188,240 2,730,692 5,489,900 40,581,863 1,547,250 1,956,924 480,000 44,566,037 EXPENDITURES AND OTHERFlJNDlNG USES Town Expenditures,Transfers Out,and Use ofReserves General Fund Special Revenue Funds futemal Service Funds Trust &Agency Funds CaprralProjectFunds RDAFunds Total Town Expenditures,Transfers Out,&Use ofReserves Total Sources Over Uses of Funds $ 26,640,065 180,212 26,820,277 2,176,121 2,176,121 4,337,780 4,337,780 219,840 219,840 4,251,542 (18,100)4,233,442 6,673,784 6,673,784 44,299,132 162,112 44,461,244 115,905 $(11,112)$104,793 The revised revenue estimate reflects staff s recommendation to increase operating grant revenues $176,000 in recognition ofTown's share ofthe new statewide 911 fees collected by the State,which is expected to be available in calendar year 2005. PAGE 3 MAYOR AND TOWN COUNCIL SUBJECT:ADOPT RESOLUTION APPROVING THE 2005/06 OPERATING/CAPITAL BUDGET JUNE 6,2005 The revised proposed Town and RDA Recommended Budget for FY 2005/06 is balanced with total revenues and other funding sources of$44,566,037 versus total operating and capital expenditures of $44,461,244.As demonstrated in the Financial Summaries Total Budgeted Fund Activity Summary (Page C-23),the Town's RDA Capital Projects and Debt Service Funds have sufficient fund balance projected to be available to cover any operating revenue shortfall as a result of the proposed FY 2005/06 State ERAF payment (currently estimated at approximately $303,000).Per accounting principles,"reserves"are not classified as revenues;instead they are shown as "Reserve Funding"in the table above. Recap of Suggested Revisions to Proposed FY 2005/06 Budget: Council ApprovedlDirected Modifications: Wildlife Center Funding for FY 2005/06 The final budget includes $4,212 in funding from the Town's Non-Departmental program for support of the Wildlife Center.Funding for this program was previously included in the Silicon Valley Animal Control Authority (SVACA)annual budget.With the Town no longer participating in this agency,a separate budget item providing Tovro.support was necessary.This allocation will be re- evaluated prior to the next budget cycle in light ofthe Town's Animal Control Services contract with the City of San Jose. 50/50 Sidewalk Cost Sharing Program There is no cost sharing program proposed for the adopted budget until staff receives Council direction regarding its implementation.As part of the discussion of the FY 2005-10 Capital Improvement Plan,staffpresented preliminary recommendations regarding the feasibility of a cost sharing plan with Town property owners for annual sidewalk repairs and maintenance.Various aspects ofthe program were discussed with Council,including the potential to reduce Town liability costs related to trip and fall claims,potential caps or limits on out-of-pocket costs paid by the property owner,exemptions for qualifying low income owners,etc.Council indicated interest in further discussing the policy issues associated with this program,and asked to continue the discussion after a public hearing is held at later date. Holiday Tree Lighting At the public hearing held on May 16,2005,Council expressed a desire to ensure that the holiday tree lighting replacement proj ect was funded at a sufficient level to enhance the current amount of lighting on the tree.The adopted budget for FY 2005/06 includes a Town Beautification project which the Town Manager recommends as the source for funding improvements to the holiday tree lighting.Staffbelieves there are sufficient funds available in this project to fund the estimated costs of improvements.Staff will be determining the amount of funding needed to replace and enhance the existing lights on the holiday tree.The proposed allocation ofthe Town Beautification project funding will be presented to Council before expenditure ofproject funds in the coming months. PAGE 4 MAYOR AND TOWN COUNCIL SUBJECT:ADOPT RESOLUTION APPROVING THE 2005/06 OPERATING/CAPITAL BUDGET JUNE 6,2005 Grant Revenues Received Historically by the Town for Capital Improvements Council requested information on the total amounts the Tovvn has leveraged from grant funding sources on Tovvn projects in the recent past.Staff is pleased to note that in the past five years including FY 2004/05 the Tovvn has received approval for grant funding totaling approximately $1,150,000.Ofthis amount,nearly $870,000 has been paid outto the Tovvn.The remaining balance is expected to be received as soon as the granting agency reviews and audits the qualifying project expenditures. Staff Recommended Modifications to the Proposed FY 2005/06 Budget Police Grant from Statewide 911 Fee ($176,000) The recommended FY 2005/06 budget has been revised to include a $176,000 increase to the Police Department's "Pass Through"program.This action in necessary to recognize the Town's local share of the State's 911 surcharge fee for calendar year 2005.The local share of the state 911 surcharge is dedicated for funding local equipment upgrades and other eligible costs.such as networks,databases,public safety answering point equipment,among other eligible uses. West Valley Dog Park ($25,000) The final capital improvement budget includes a proposed use of $25,000 in GF AR funds for the Tovvn's contribution to the West Valley Dog Park.The GFAR funds were recommended by staff to replace the grant funds that were originally anticipated to be available,but for which funding approval was not obtained from the State. Gas Tax CIP Carry Forward Correction (-$18.100> The Gas Tax Funds funding source portion of the Curbs,Gutter,and Sidewalks project was decreased by $18,100 to adjust the carryforward balances available for funding this project in FY 2005/06.The revised estimate was necessary based on revised current year estimated expenditures of gas tax for curb,gutter and sidewalk activity. Other Pending Budget Issues The Governor's May Revised Budget was released on Friday,May 13,2005.The Governor's May Revised budget includes additional revenue proposals that staff has not incorporated into the recommended FY 2005/06 adopted budget at this time.Specifically,the Governor's May Revised budget includes allocations for the following revenues: •Proposition 42-Gasoline taxes paid under Proposition 42 are proposed by the Governor to be appropriated to fund transportation in FY 2005/06.In recent years these monies were used to balance the State's General Fund deficit.If appropriated at full authorized funding,the Town's local share for local street and road maintenance FY 2005/06 is estimated to be approximately $120,000. PAGE 5 MAYOR AND TOWN COUNCIL SUBJECT:ADOPT RESOLUTION APPROVING THE 2005/06 OPERATING/CAPITAL BUDGET JUNE 6,2005 •Vehicle License Fees (VLF)Gap Backfill.The State used approximately $490,000 to ofVLF revenues collected by the State and due to the Town to balance the state budget in FY 2003/04. The State promised to repay this "loan"in FY 2006/07.The May Revised budget has called for an accelerated repayment of one-half of the amount due to the Town. •Community Oriented Policing (COPS)Grant.Based on the Governor's January 2005 Budget, the Town reduced this funding source by two-thirds.The Governor's May Revised does not appear to address this issue specifically,but developments at the State lead staffto be cautiously optimistic that the funding may be restored to the $200,000 level received in FY 2004/05. Staff anticipates incorporating any new revenues at mid-year once the State's final budget bill is approved by the Governor and the legislature. Carry-Forwards: Encumbered Items Outstanding at June 30.2005 Town policy is that unexpended encumbered funds lapse at the end ofthe fiscal year.Town policy also provides that valid encumbrances that are open at the end of the fiscal year may be carried forward to the following fiscal year and re.,appropriated from the encumbrance reserve dollars set aside upon the close ofthe prior fiscal year.Because ofthe need to reduce expenditures,the maj ority of these encumbrances will either be closed out during the year-end process or paid in full by the time ofthe final fiscal year close-out and will not be carried forward to FY2005/06.Capital Project Fund appropriations are carried forward to the following fiscal year until the projects are completed. On an exception basis,and only upon Town Manager's Office approval,some valid outstanding encumbrances or unspent appropriated balances from the prior year are allowed to carry forward at the close of year-end 2005.These amounts will be reserved in their respective funds at year end. The designated reserve will provide the funding source to be used in FY 2005/06. Non-Encumbered Items In addition to the open encumbrances outstanding at year-end,staff is proposing to bring forward remaining FY 2004/05 appropriations for unexpended balances in its grant funded operating proj ects.Grants provide matching revenues for expenditures and often span two or three fiscal years in their program or project implementation. Final Adopted Budget Changes FY 2005/06 The resolution adopting the FY 2005/06 recommended budget directs staff to include changes resulting from any future meet and confer processes or minor corrections or changes in accounting estimates that will cause the fmal published budget to differ slightly from what is presented for adoption.Other minor adjustments as authorized by Town Council on June 6th will be incorporated PAGE 6 MAYOR.AND TOWN COUNCIL SUBJECT:ADOPT RESOLUTION APPROVING THE 2005/06 OPERATING/CAPITAL BUDGET JUNE 6,2005 within the final published budget document thereby not requiring a second adoption of the annual budget.The FY 2005/06 Recommended Budget includes staffing levels for each department as expressed by classification,full-time equivalent positions,and temporary staff hours.This reflects the authorized budgeted stafflevels for 2005/06. Personnel Impacts: Personnel reductions in FTEs as identified in the Town's FY 2005/06 Proposed Budget continue to be recommended to align operating revenue and expenditures and continue to be scheduled for implementation on or about July 30,2005. FISCAL IMPACT The fiscal impacts to the Town and Redevelopment Agency's FY 2005/06 budget,including the proposed revisions discussed earlier,are provided in the Financial Summaries section ofthe budget document including estimates of Fund Reserves at June 30,2005. As stated by staff at the public hearing on May 16,2005,the Town will continue to monitor the local economy and developments at the State regarding the budget crisis and its associated impacts to the Town and RDA's adopted FY 2005/06 budgets.It is currently anticipated that staff will bring forward any further adjustments necessary in the Town's mid year budget review.These adjustments may include some further actions necessary to align operating revenues with expenditures,however staff cannot determine at this time whether or not these will be required. Attachments: 1.Financial Summaries -Total Revenues and Expenditures All Funds FY 2005/06 2.Resolution Approving Town FY 2005/06 Operating and FY 2004-2009 Capital Budget 3.Resolution Approving FY 2005/06 Redevelopment Agency Operating and FY 2004-2009 Capital Budget Attachment 1 300.,---------- 250 -!-------=-- 200 +------- 150 100 50 FINANCIAL SUMMARIES Total Revenues and Expenditures Summary schedules which provide a high level overview ofthe entire Town budget,in a jitnd-type summary,as well as by fund-specific and category-specific summary levels. Total Budgeted Fund Activity C - 3 Total Revenue,Expenditure,and Fund Balance Trend Information C -4 Total Town and RDA Revenues -by Fund C - 6 Total Town and RDA Expenditures -by Fund C - 8 Total Town and RDA Revenues -by Category C -10 Total Town andRDA Expenditures -by Category C -11 General Fund Revenues and Expenditures Summary schedules which identify the Town's General Fund operating sources and uses at the department and category levels.The Fund Balance Activity summarizes the General Fund sources and uses which impact the resulting endingjitnd balance. General Fund Revenues -by Department C -12 General Fund Expenditures -by Department C -13 General Fund Revenues -by Category C -14 General Fund Expenditures -by Category C -16 General Fund Tax Revenues per Capita -Cities of Santa Clara County C-18 General Fund Tax Revenues -10 Year History of Key Tax Revenues C -19 General Fund -Fund Balance Activity C -20 Operating Transfers A schedule summarizing activity by fund,of estimated jitnd transfers for the prior year and budgeted for the adoptedjlscalyea~ Schedule of Interfund Transfers C -21 Fund Balance Fund Balance schedules,one which summarizes activity and ending jitnd balances to provide a quick look at the ongoing status ofthe individual jitnds,and another which provides a 5 year trend. Fund Balance Activity Summary -by Fund C -22 5 Year Comparative Fund Balance -by Fund C -24 C -1 Departmental Budgets FINANCIAL SUMMARIES Attachment 1 Department level schedules which provide an overview offunding source and expenditure use,by each program within the department. Department Revenues -by Program C -26 Department Expenditures -by Program C -28 Staffmg The labor position schedules provide a summary level view of operational staffing assignments,funding,and trends.The Personnel Changes Summary discusses staffing levels and labor costs in more detail. Summary of Positions -by Fund .............................................................•..............................C -30 Summary of Positions -by Department C -31 5 Year Staffing Trend -by Department C -32 Personnel Changes Summary (not yet updated)C -33 Positions by Assigned Department C -38 C-2 TOTAL BUDGETED FUND ACTIVITY SUMMARY Attachment 1 FY200S/06 Revenues,Expenditures,Fund Estimated PY Carryfwrds Use ofFB Estimated Balance Fund Balance and and Fund Balance Change Fund Category 7/1/05 Transfers In Transfers Out 6/30/06 FromPY Operating Funds General Fund $11,419,326 $26,286,250 $26,820,277 $10,885,299 (4.7%) Parking Management Program 577,250 577,250 0.0% Solid Waste 201,909 381,420 389,300 194,029 (3.9%) Co=unity Dev Block Grant 1,132,484 191,421 391,421 932,484 (17.7%) Non-Point Source 157,527 176,330 176,330 157,527 0.0% Sewer Maintenance 601,120 601,120 0.0% Assessment Districts 64,616 39,020 40,700 62,936 (2.6%) Special Revenue Grants 0.0% Equipment Replacement Fund 3,337,767 430,700 240,600 3,527,867 5.7% Workers Comp Self Insurance 1,754,500 601,420 664,680 1,691,240 (3.6%) ABAG SelfInsurance 1,803,864 492,600 549,750 1,746,714 (3.2%) Office Stores Fund 233,653 86,000 86,000 233,653 0.0% Mgmt Information Systems 2,318,082 805,600 1,293,900 1,829,782 (21.1%) Vehicle Maintenance 126,412 512,900 512,900 126,412 0.0% Building Maintenance 514,831 991,000 989,950 515,881 0.2% ,Total Operating Funds $23,064,969 $32,173,031 $33,334,178 $21,903,822 (5.0%) Trust &Agency Funds Library Trust Funds $305,846 $32,800 $71,300 $267,346 (12.6%) Parking District Agency Fund 309,442 155,440 148,540 316,342 2.2% Total Trust &Agency Funds 615,288 188,240 219,840 583,688 (5.1%) Capital Funds GFAR $3,450,723 $245,000 $1,150,575 $2,545,148 (26.2%) Traffic Mitigation Fund 40,704 180,000 70,000 150,704 270.2% Grant Funded ClP Projects 35,403 1,627,692 1,627,692 35,403 0.0% Storm Drain Funds 903,573 139,000 415,000 627,573 (30.5%) Construction Tax Fund 1,958,570 95,000 2,053,570 4.9% Gas Tax Fund 815,939 444,000 970,175 289,764 (64.5%) Total Capital Funds $7,204,911 $2,730,692 $4,233,442 $5,702,161 (20.9%) Redevelopment Agency Funds Capital Projects $3,264,877 50,000 2,580,124 $734,753 (77.5%) Debt Service 4,074,960 4,336,440 3,785,240 4,626,160 13.5% Low/Moderate Housing Program 4,202,639 1,103,460 308,420 4,997,679 18.9% Total Redevelopment Funds $11,542,476 $5,489,900 $6,673,784 $10,358,592 (10.3%) This Total Budget Fund Activity Summary schedule groups the Town's funds into four categories based on fund purpose: Operating Funds -Ongoing operations are funded out of the various Operating Funds.This includes the Town's General Fund departmental program operations,as well as special revenue activities and int=al service functions. Trust &Agency Funds -These funds are held in a fiduciary capacity,with little variation in activity.The Parking District Fund facilitates a debt service function,and the Library Trusts are held for special uses for the Library. Capital Funds -Representing the capital improvement program activity,the Capital Funds reflect the significant progress made in the ongoing push in the capital program to complete projects,and the resulting decrease in fund balances. Redevelopment Agency Funds -The RDA is financially ext=al to the Town,however is included in the Town's budget to reflect the integral association between the two agencies.These funds represent the three functions of the RDA:the capital program to enhance the project area,the financing aspect of the Agency,and the affordable housing element ofthe program. C-3 Attachment 1TOTALTOWNandRDA Revenue,Expenditure,&Fund Balance Trend Information -e-Revenues .....-Expenditures 60,000,000 50,000,000 40,000,000 30,000,000 20,000,000 10,000,000 2000101 2001/02 2002/03 2003/04 2004/05 2005106 2006/07 2007/08 2008/09 2009/10 Total Town and RDA Fund Balance 50000000 45000000 40000000 35000000 30000000 25000000 20000000 15000000 10000000 5000000 o 2000101 2001/02 2002/03 2003/04 2004/05 2005106 2006/07 2007/08 2008/09 200911 0 Current year budget projection shown in white,future year projections in lighter shades. Revenues Expenditures and and Fund YearEnd Reference Transfers In Transfers Out Balance 2000101 Actuals 41,591,489 31,397,545 $46,025,269 2001/02 Actuals 39,588,532 42,259,090 $39,285,237 2002/03 Actuals 48,158,229 42,448,325 $44,995,139 2003/04 Actuals 36,878,440 40,696,341 $41,177,233 Estimated 42,654,218 43,006,218 38,196,264 44,793,939 44,610,722 $38,379,482 46,203,256 46,277,090 $38,305,648 47,657,473 48,007,753 $37,955,368 Expenditures and Transfers Out exceed Revenues and Transfers In due to the inclusion of CIP and RDA Capital Project carryforwards which are re-appropriated each following years until the project is completed. C-4 Attachment 1TOTALTOWNandRDA Revenue,Expenditure,&Fund Balance Trend Information NOT \'ET UPDATED C-5 5.9% (0.9%) (0.1%) (0.7%) (2.1%) (1.0%) (9.2%) -% (66.5%) (32.1%) -% 0.4% (18.2%) 13.0% (39.5%) 0.6% (2.2%) (14.8%) (1.9%) (15.5%) 60.7% (77.7%) (48.0%) 3.4% (13.1%) (78.8%) (80.3%) -% 619.0% (15.5%) 31.3% 61.7% 10.2% (23.7%) % Change Attachment 1TOTALTOWNandRDAREVENUES By Fund (Includes Transfers In) FY 02/03 FY 03/04 FY 04/05 FY 04/05 Fund Fund Name Actuals Actuals Adopted Estimated General Funds 100 General Fund $23,991,783 23,090,932 24,554,592 $25,457,900 Special Revenue Funds 207 Parking Management 792,217 765,879 669,750 649,550 210 Solid Waste Management 93,105 150,981 149,585 151,460 218 HCD Housing Rehabilitation 44,747 109,369 10,000 146,800 219 HCD-Community Block Grant 241,273 124,805 125,416 161,910 220 Urban Run-Off Program 153,323 169,955 158,570 158,567 230 Sewer Maintenance 625,270 590,316 543,590 511,780 270 Special Revenue Grants 44,773 48,311 9,496 19,645 Assessment Districts 250 Blackwell District 3,290 3,292 3,260 3,200 251 Kennedy Meadows District 10,325 10,325 10,315 10,360 252 Gemini Court District 4,272 4,252 4,240 4,220 253 Santa Rosa Heights District 9,500 9,277 9,300 9,270 254 Vasona Heights District 10,193 10,090 10,095 9,990 255 Hillbrook District 2,468 2,145 2,240 2,050 256 Arroyo Del Rancho 4,600 Internal Service Funds 601 Equipment Replacement Fund $540,425 484,750 442,165 $442,170 610 Worker's Comp SelfInsurance 509,431 498,308 575,515 574,020 620 SelfInsurance Fund 780,168 636,062 472,200 472,200 680 Office Stores Fund 91,421 117,466 92,000 82,500 685 Management Information Systems 772,360 832,881 755,300 793,000 690 Vehicle Maintenance Fund 539,000 515,090 459,100 469,100 695 Building Maintenance Fund 1,048,703 1,096,212 1,028,400 988,120 Trust &Agency Funds 710 Library Trust $40,924 $99,367 13,700 16,650 711 Ness Trust Bequest 4,420 3,500 3,000 3,000 712 Hooked on History Project 72,150 724 Parking District #88 156,745 157,352 157,308 157,310 Capital Project Funds 400 GFAR $794,061 594,170 156,500 194,160 405 Traffic Mitigation 5,000 70,000 410 Grant Funded CIP Projects 188,792 588,097 805,000 423,160 461 Storm Drain #1 72,162 50,595 61,000 86,000 462 Storm Drain #2 43,579 48,467 57,200 41,000 463 Storm Drain #3 8,782 25,221 14,200 21,500 474 Construction Utility Underground 92,573 103,886 102,000 85,000 480 Gas Tax -Street &Signal 579,472 567,889 442,000 444,000 Redevelopment Agency Funds 930 RDA -Capital Project Funds $11,310,575 93,489 590,750 591,020 (94.8%) 950 RDA -Debt Service Fund 3,598,993 4,329,626 3,360,970 3,665,010 (6.6%) 960 RDA -Low 1Moderate Housing 959,112 946,082 972,165 1,053,780 1.4% lla.I,_1ltfll'lll~.LWSIlll~~1fIln1'I\nlfIE~I~im§g~_Wn,_"lIi!if.i~"'. Plus Estimated PY Carryforward Grant Revenue for Capital Projects __ lIIIIIIIIIf~lg@lib9_wSW_~rf$rff.r.'Wjf'~£illJI."'t!t$'F?!fl"'f#l'ill1i~~:."I...9,,:.:'.'WI....:!,l;Y4J.!!;!I~~L.llIIDJ{@!i§":'l...J ••••!If@'!Lga!t.~a.9ml\!L....o.~,.J...~.f;:'i•.8i';";.··..!m;q;J~:;t;~Jl1i~)tj;-;,;;,,;ffi'ii@:!$;; Plus Use of Reserve for State ERAF Take Plus Estimated Use of Town Fund Balance for Capital Projects Plus Estimated Use ofRDA Fund Balance for Capital Projects C-6 TOTAL TOWN and RnA REVENUES By Fund Attachment 1 General Fund 64.7% Special Revenue Funds 4.8% L- Internal Service Funds 9.7%Trust &Agency Funds 0.5% Capital Project ---Funds 6.7% Redevelopment Agency Funds 13.5% FY 2005/06 Revenues by Fund FY02/03 FY 03104 FY04/05 FY04/05 %of Actuals Actuals Adopted Estimated Total General Fund $23,991,783 $23,090,932 $24,554,592 $25,457,900 64.7% Special Revenue Funds 2,034,753 1,998,997 1,710,457 1,838,802 4.8% Internal Service Funds 4,281,508 4,180,769 3,824,680 3,821,110 9.7% Trust &Agency Funds 202,089 260,219 174,008 249,110 0.5% Capital Project Funds 1,779,417 1,978,326 1,642,900 1,364,820 6.7% Redevelopment Agency Funds 15,868,679 5,369,197 4,923,885 5,309,810 13.5% Total Revenues &Transfers $48,158,229 $36,878,440 $36,830,522 $38,041,552 100.0% TOWN and RDA REVENUE HISTORICAL TREND (Includes Transfers In) FY Total Status 60,000,000 2000/01 41,591,489 Actuals 50,000,000 2001/02 39,588,532 Actuals 2002/03 48,158,229 Actuals 40,000,000 2003/04 36,878,440 Actuals 30,000,000 2004/05 Estimated 20,000,000 10,000,000 Projected f:l"~n.,'flo;~~f>'"f:l'c f:l"~"e ~",o,~'"Projected s:,'"s:,"s:,'V s:,">~s:,'i s:,1:>s:,'\s:,"C ","'0, Projected n.,\S n.,\S n.,\S n.,\S ~n.,\S ~n.,\S n.,\S 'V Note -The FY 2002/03 revenue spike reflects reimbursement proceeds from the issuance ofthe Redevelopment Agency's 2002 $10.725 million COP Bond Issue.FY's 2003/04,2004/05,and 2005/06 drop in revenues reflects State ERAF takes.Future year estimates reflect conservative 2 -3%projected growth rates. C-7 TOTAL TOWN and RDA EXPENDITURES By Fund (Includes Transfers Out) Attachment 1 Redevelopment Agency Funds 930 RDA -Capital Project Funds $4,799,556 2,800,516 2,850,752 826,528 950 RDA -Debt Service Fund 2,629,982 3,735,768 3,518,184 3,734,480 960 RDA-Low/ModerateHousing 383,105 241,916 261,650 207,240 Trust &Agency Funds 710 Library Trust $38,750 $53,218 $17,500 $13,970 711 Ness Trust Bequest 712 Hooked on History Project 21,360 724 Parking District #88 148,562 148,629 149,265 149,170 Capital Project Funds 400 GFAR $2,906,951 2,776,178 1,606,467 746,040 405 Traffic Mitigation 99,130 61,366 50,000 70,000 410 Grant Funded CIP Projects 296,743 464,454 1,551,035 423,160 461 Storm Drain #1 106,725 27,574 25,240 462 Storm Drain #2 100,000 463 Storm Drain #3 474 Construction Utility Underground 480 Gas Tax -Street &Signal 1,119,995 637,644 550,475 126,300 Plus Estimated FY Carryforward of Town Grant Funded Capital Project Appropriations Plus Estimated FY Carryforward of Town Capital Project Appropriations Plus Estimated FY Carryforward ofRDA Capital Project Appropriations (78.1%) 7.6% 17.9% 6.5% (31.4%) -% -% (0.5%) (76.3%) (4.5%) (7.0%) (6.5%) 6.8% 11.7% (3.8%) % Change (78.7%) 40.0% (55.8%) (100.0%) 0.0% -% -% (0.8%) (0.1%) (36.0%) (0.5%) (0.0%) (20.0%) 0.1% (100.0%) (13.8%) 17.4% (0.6%) 44.7% 11.2% 10.6% (100.0%) FY 04/05 Estimated FY04/05 Adopted 765,879 669,750 649,550 184,517 331,738 268,660 269,888 211,300 28,590 124,083 125,416 162,630 214,828 158,570 171,060 590,316 543,590 511,780 121,872 42,535 41,692 3,657 3,672 3,670 6,329 11,099 11,100 4,644 4,882 4,860 6,522 7,221 7,220 13,824 14,996 15,000 6,482 5,843 5,850 8,462 5,000 8,500 420,794 1,013,940 373,130 776,762 696,024 538,610 944,733 591,100 490,370 93,965 92,000 67,100 503,099 1,211,900 700,500 416,871 459,245 508,500 838,363 1,028,530 1,224,100 FY 03/04 Actuals 3,067 12,566 4,037 6,095 21,626 4,797 18,215 792,217 172,988 14,527 241,273 165,719 625,270 136,575 FY 02/03 Actuals $818,985 663,396 507,537 89,987 702,962 513,098 940,074 $23,570,544 $23,354,037 $25,174,742 $24,655,180 Fund NameFund General Funds 100 General Fund Internal Service Funds 601 Equipment Replacement Fund 610 Worker's Camp Self Insurance 620 SelfInsurance Fund 680 Office Stores Fund 685 Management Information Systems 690 Vehicle Maintenance Fund 695 Building Maintenance Fund Special Revenue Funds 207 Parking Management 210 Solid Waste Management 218 HCD Housing Rehabilitation 219 HCD-Community Block Grant 220 Urban Run-Off Program 230 Sewer Maintenance 270 Special Revenue Grants Assessment Districts 250 Blackwell District 251 Kennedy Meadows District 252 Gemini Court District 253 Santa Rosa Heights District 254 Vasona Heights District 255 Hillbrook District 256 Arroyo Del Rancho C - 8 TOTAL TOWN and RDA EXPENDITURES By Fund Attachment 1 Special Revenue Funds 4.9% Internal Service Funds 9.8%Trust &Agency Funds 0.5% General Fund 60.3% FY 2005/06 Expenditures by Fund Capital Project Funds 9.5% Redevelopment Agency Funds 15.0% FY02/03 FY03/04 FY04/05 FY 04/05 FY05/06 Actuals Actuals Adopted Estimated % General Fund $23,570,544 $23,354,037 $25,174,742 $24,655,180 60.3% Special Revenue Funds 2,218,972 2,321,303 2,135,612 1,890,162 4.9% Internal Service Funds 4,236,039 3,994,587 5,092,739 3,902,310 9.8% Trust &Agency Funds 187,312 201,847 166,765 184,500 0.5% Capital Project Funds 4,422,819 4,046,367 3,885,551 1;390,740 9.5% Redevelopment Agency Funds 7,812,643 6,778,200 6,630,586 4,768,248 15.0% Total Expenditures &Transfer $42,448,329 $40,696,340 $43,085,995 $36,791,140 100.0% TOWN and RDA EXPENDITURE HISTORICAL TREND (Includes Transfers Out) FY Total Status 60,000,000 2000/01 31,397,545 Actua1s 50,000,000 2001102 42,259,090 Actuals 2002/03 42,448,329 Actuals 40,000,000 2003/04 40,696,340 Actua1s 30,000,000 2004/05 36 140 Estimated 20,000,000 10,000,000 2006/07 43,006,218 Projected 2007/08 44,610,722 Projected 2008/09 46,277,090 Projected ~',.~'"~'"~~~<;,'"~<;,'o ,~?'\~<;,Oo ~<;,o,~~>:ll::l >:l""<:,<:,'V ~>:l'i ~>:leo <;,<:'0,{S {S <:,<;,{S {S <:,1::1 ",<::5 {S2009/10 48,007,753 Projected 'V 'V 'V 'V Note -FY 2001/02 through FY 2003104 expenditures reflect a significant increase in the Town's capital program due to a workload spike in the Streets and Resuifacing Project and RDA projects.Ongoing operational expenditures reflect a steady climb in accordance with increasing labor and operating costs,at a projected 3%increase for fUture years. C-9 TOTAL TOWN and RDA REVENUES By Category FY 2005/06 Budgeted Revenues Attachment 1 $12,000,000 $10,000,000 $8,000,000 $6,000,000 $4,000,000 $2,000,000 $- Property Tax Sales Transient Licenses Town Fines Misc &Use Occupancy &Services & Other Tax Tax Permits Forfeitures Sources FY 02/03 FY 03/04 FY 04/05 FY 04/05 FY 05/06 %of Revenues Actuals Actuals Adopted Estimated Adopted Total Property Tax $9,193,903 $9,763,333 $8,816,781 $9,547,360 $10,007,430 24.7% VLFBackfillPropertyTax $$1,554,390 $1,632,110 4.0% Sales &Use Tax 6,928,817 6,914,526 6,900,000 7,450,000 7,313,000 18.0% Franchise Fees 897,158 930,997 957,000 952,000 983,450 2.4% Transient Occupancy Tax 713,064 829,026 900,000 880,000 870,000 2.1 % Miscellaneous Other Taxes 198,064 245,254 241,000 229,000 234,000 0.6% Licenses &Permits 1,961,167 2,031,387 2,382,055 2,501,280 2,577,180 6.4% Intergovernmental Revenues 4,984,000 5,560,916 5,683,710 4,267,945 5,276,083 13.0% Town Services 6,922,138 3,291,551 3,453,815 3,418,280 3,775,690 9.3% Internal Service Reimbursements 3,769,503 3,461,365 3,465,170 3,566,300 8.8% Fines &Forfeitures 748,744 751,532 674,950 539,970 566,700 1.4% Interest 1,998,058 301,570 1,360,441 1,355,540 1,312,480 3.2% Miscellaneous Other Sources 927,734 867,787 948,985 1,205,607 1,427,070 3.5% 1al:q,~I§1(~~.flI~ Plus Bond Proceeds:10,725,000 3,020 0.0% Plus Transfers In:1,677,851 1,352,382 1,050,420 671,990 1,040,370 2.6% atIJBm&~",~~O ··..:II~l~(~.I'{tE;[{$~~lllm~~l<1U~~f.BIRQf. Total Budgeted Revenues (exclusive of Bond Proceeds and Transfers In)reflect mild growth in receipts for most revenue categories.Some revenues ofnote are as follows: Property Tax -Budgeted FY 2004/05 and 2005106 include reductions for the State's $476,000 annual ERAF take, however,receipts show the overall Property Tax is increasing with the recent growth surge in property values. Sales and Use Tax -continues to reflect an increase from significant growth in one local business. Licenses and Permits -reflects revenue increases resulting from higher fees established per the cost recovery analysis. Intergovernmental Revenues -FY 2005106 receipts promise some growth from FY 2004/05,however revenues continue to fall behind prior year receipts due to the States restructuring shift ofVLF fees to Property Tax. Interest-With a recent turnaround in interest rates,FY 2005106 reflects significant growth in interest revenue. C -10 TOTAL TOWN and RDA EXPENDITURES By Category FY 2005/06 Budgeted Expenditures Attachment 1 25,000,000 20,000,000 15,000,000 10,000,000 5,000,000 Salaries &Benefits Grants Interest Special Projects Buildings &Facilities Maint Transfers Out FY 02/03 FY 03/04 FY 04/05 FY 04/05 FY 05/06 %of Expenditures Actuals Actuals Adopted Estimated Adopted Total Salaries and Benefits 17,919,087 $17,641,425 $19,166,783 $18,511,026 $20,344,000 45.8% Operating Expenditures 8,519,759 8,673,479 9,265,093 8,845,806 9,787,972 22.0% Grants 530,681 545,587 452,096 269,910 462,096 1.0% Fixed Assets 470,810 76,345 833,940 373,130 364,600 0.8% Interest 633,640 748,088 770,530 770,530 712,340 1.6% Internal Service Charges 3,443,981 3,296,404 2,892,200 2,949,640 2,981,900 6.7% Special Projects 350,000 350,000 0.8% Capital Projects 7,909,939 5,830,567 5,933,829 1,416,018 6,029,366 13.6% Capital Acquisitions 300,000 0.0% Buildings &Facilities Maint 158,459 236,710 52,574 364,570 50,000 0.1 % Debt Services 1,184,118 2,295,354 2,318,530 2,318,520 2,338,600 5.3% i_II.Jllilil!I!!I!!I!!I!I!!!!I!I!!I~~!I!I!!!lIII[fIIj.IIIIII ••!.1!1!1!.III....II!IIIIII!~~III~I."I!!!!IIIII!!!~!illll!l.I!li!li!li_I!I!!!!!!!1 Transfers Out 1,677,851 1,352,382 1,050,420 671,990 1,040,370 2.3% 11.lilni~II'~UU.I'lil.r..llllllil."II·li,I,llil~il~l&lIjjilill~llli'III'IIffiimIRNIA~li~illrrmrR!·'IJIII.'iiill,i"~III ••iJi1ftiI.I.w·illliiiilliI.~I_,.."."".,:I:"""._,.""":':!:!:""":!::",,__,,,,_,:,,,",!*!I~ill.IL"""~:"'''4''':!:!:~:d:!:,..,!,m!:!'"~:!:::!,,,o!:!:;,:,.,::,:!,::!!i.f"!*!~.t!~a\~:~":""",,,:,,:,:,::::!:::::!:!:!~:!:!:!:!:!:}~.gm.~!~<,:,::!,:",}]("M"::""",,,,,,:,,,,,::~ii2t":~",,,,:::+:::::,dWi\R~!r-,wA:Ii~":::::",,,:,.!$~,:,}f~:::""~",,,,,e::~:,,,",.":::::::::::::::::""",::"",.,:::"",~i!!!~:,,,.,:~1!., Total Budgeted Expenditures (exclusive of Transfers Out)include budgeted Capital Improvements,which can vary significantly from year to year.Net of Capital Projects,total expenditures reflect an overall increase of 3%in FY 2005/06, after further recluctions were made from the prior year's adopted budget.Expenditures of note include: Salaries and Benefits-Additional staffmg reductions have mitigated some of the salary and benefit increases;however substantial increases in both PERS and insurance rates remain significant cost factors in Town operations. Fixed Assets -expenditures reflect a large decrease,however because these expenditures are funded through the asset's designated savings for replacement,the varying expense does not impact current year revenues. Internal Service Charges -remains steady with stable budgeting of the funds.Internal services costs have been minimized where feasible,allowing rates to be adjusted downward to a level which reflects operating reimbursements. Building &Facilities Maintenance -reflects a significant reduction in planned repairs on Town facilities."While safety issues will be addressed,discretionary repairs and replacements will be held to a minimum. C-ll Non-Departmental 70.0% GENERAL FUND REVENUES By Department Community / Development 11.2% Police 5.9% ~Town Manager 3.8% Town Treasurer 3.5% \~:::li~26% Works 2.1% Library Services Community Services 0.3%0.7% FY 2005/06 Departmental Revenues Attachment 1 FY 02/03 FY03/04 FY04/05 FY04/05 %of Departments Actuals Actuals Adopted Estimated Total Town Council $$$$0.0% Town Treasurer 1,161,231 $(61,256)794,336 900,000 3.5% Town Attorney $0.0% Non-Departmental 16,749,074 16,857,653 17,416,908 18,316,540 70.0% Town Manager's Department*1,043,700 $1,123,845 1,111,000 1,020,800 3.8% Town Clerk $0.0% Community Development 1,803,013 $2,025,304 2,655,680 2,633,980 11.2% Police Department 1,375,913 $1,360,240 1,061,720 1,372,060 5.9% Parks &Public Works 515,172 $450,155 458,978 644,770 2.1% Community Services 153,797 $231,557 181,100 192,290 0.7% Library Services 84,030 $85,112 64,950 70,130 0.3% Total General Fund Revenues $22,885,930 $22,072,610 $23,744,672 $25,150,570 97.4% Fund Transfers In:1,105,853 1,018,322 809,920 307,330 2.6% Net Operating Revenues $23,991,783 $23,090,932 $24,554,592 $25,457,900 r~M1'''iliM,*~lIll;l 100.0%($~Ji%~~,f!~~Q *The Town Manager's Office,Human Resources,Finance &Administrative Services,Clerk Administration,Customer Service Center,and Management Information Services Departments are all included within the Town Manager's Department. C-12 GENERAL FUND EXPENDITURES By Department Parks &Public Works 17.4% Attachment 1 Police Department 41.1% \ Community Development 11.2% Community Services 3.4% Library Services 7.1% Town Council 0.6% Town Treasurere:::::...-------0.4% Town Attorney 0.9% N on-Dep artmental 9.5% Town Manager's Department 8.5% FY 2005/06 Departmental Expenditures FY 02103 FY 03/04 FY 04/05 FY 04/05 %of Departments Actuals Actuals Adopted Estimated Total Town Council $128,859 $136,866 $143,500 $136,235 0.6% Clerk -Elected $$$$0.0% Town Treasurer 52,168 76,668 89,360 85,210 0.4% Town Attorney 215,327 221,413 232,550 211,050 0.9% N on-Departmental 1,694,500 1,918,358 2,665,152 2,569,180 9.5% *Town Manager's Department 2,247,518 2,172,997 2,180,310 2,154,595 8.5% Town Clerk 0.0% Community Development 2,256,602 2,263,191 2,743,110 2,560,530 11.2% Police Department 9,370,409 9,160,567 9,928,675 9,819,150 41.1% Parks &Public Works 4,842,997 4,638,683 4,441,290 4,494,260 17.4% Community Services 950,299 931,909 934,430 850,650 3.4% Library Services 1,811,865 1,833,385 1,816,365 1,774,320 7.1% Total General Fund Expenditures $23,570,544 $23,354,037 $25,174,742 $24,655,180 100.0% *The Town Manager's Office,Human Resources,Finance &Administrative Services,and Management Information Services Departments are included within the Town Manager's Department.As ofFY 2005106,the Clerk Administrator and Customer Service Center Department were relocated to the Town Manager's Department. C-13 GENERAL FUND REVENUES By Category $26.3 Million Attachment 1 Property Tax Licenses &Permits VLF Backfill Property Tax Franchise Fees Fund Transfers In Fines &Forfeitures $0.0 $1.0 $2.0 $3.0 $4.0 $5.0 $6.0 $7.0 $8.0 FY 02/03 FY03/04 FY 04/05 FY 04/05 FY 05/06 Revenue Category Actuals Actuals Adopted Estimated % Sales &Use Tax 6,928,817 6,914,526 6,900,000 7,450,000 27.8% Property Tax $4,977,119 $5,207,381 $4,952,893 $5,202,000 20.8% VLF Backfill Property Tax $$$$1,554,390 6.2% Franchise Fees 897,158 930,997 957,000 952,000 3.7% Transient Occupancy Tax 713,064 829,026 900,000 880,000 3.3% Other Taxes 9,161 13,929 11,000 11,000 0.0% Licenses &Permits 1,937,094 2,008,178 2,356,055 2,477,280 9.7% Intergovernmental 3,186,189 3,213,221 3,370,135 2,205,260 8.1% Town Services 2,209,840 2,526,201 2,729,725 2,710,600 11.3% Fines &Forfeitures 187,117 211,232 174,950 139,970 0.6% Interest 1,358,081 37,407 931,836 1,037,500 3.9% Other Sources 482,290 180,512 461,078 530,570 1.9% Total Revenues $22,885,930 $22,072,610 $23,744,672 $25,150,570 Fund Transfers In:1,105,853 1,018,322 809,920 307,330 ""'Il.2.6%¥..~;;.,',._v;; Total Revenues &Transfers In $23,991,783 $23,090,932 $24,554,592 $25,457,900 III~Ft2Siil 100%~<lod';.;.li~b,,;*>if~ Overall,FY 2005106 General Fund Revenues and Transfers In are estimated to increase 6.3%from the FY 2004/05 Adopted Budget.The FY 2005106 Operating Revenues &Transfer In budget of $26,286,250 is supplemented with additional fund balance reserves to balance the General Fund's budgeted expenditures of $26,820,277.These funding sources include using the designated $480,000 from the State ERAF ill Reserve set aside for FY 2005106, and $131,650 from the Designated from Parking Reserve for the Parking Management program. C -14 GENERAL FUND REVENUES By Category Not Yet Updated C-15 Attachment 1 GENERAL FUND EXPENDITURES By Category $26.8 Million Attachment 1 Salary &Benefits Op erating Exp enses Internal Service Charges Debt Service Fund Transfers Out Grants &Awards $0.0 $2.0 $4.0 $6.0 $8.0 $10.0 $12.0 $14.0 $16.0 $18.0 $20.0 FY 02/03 FY03/04 FY 04/05 FY 04/05 FY 05/06 Expe1lditure Category Actuals Actuals Adopted Estimated % Salary &Benefits $15,637,765 $15,517,124 $17,111,687 $16,511,600 67.8% Operating Expenses $3,732,417 $3,390,321 $4,035,710 $3,995,220 16.5% Grants &Awards $230,263 $186,431 $175,380 $175,380 0.7% Internal Service Charges $3,201,261 $3,056,215 $2,699,700 $2,758,240 10.4% Debt Service $487,059 $930,177 $931,765 $931,760 3.5% Total Expenditures $23,288,765 $23,080,268 $24,954,242 $24,372,200 Fund Transfers Out:$281,779 $273,770 $220,500 $282,980 1.1% Total Expenditures &Transfers $23,570,544 $23,354,038 $25,174,742 $24,655,180 100.0% Not Yet Updated C -16 GENERAL FUND EXPENDITURES By Category Not Yet Updated C-17 Attachment 1 GENERAL FUND TAX REVENUES Cities of Santa Clara County -Revenues Per Capita Attachment 1 Campbell Cupertino Gilroy Los Altos LOS GATOS Milpitas Monte Sereno Morgan Hill Mountain View Palo Alto San Jose Santa Clara Saratoga Sunnyvale $-$100 $200 $300 $400 $500 $600 FY 2003/04 Revenue Amounts and Per Capita Cities Population Campbell 38,179 Cupertino 52,000 Gilroy 46,195 Los Altos 27,722 6,707,236 !Hil:BB-'Il&im Milpitas 62,698 10,015,238 160 10,635,247 $170 4,692,736 $75 272,269 $4 Monte Sereno 3,500 394,000 113 20,228 $6 -$40,656 $12 Morgan Hill 35,489 2,522,916 71 4,070,030 $115 933,041 $26 156,861 $4 Mountain View 71,616 37,615,600 525 14,188,500 $198 2,246,000 $31 216,000 $3 Palo Alto 60,246 13,707,000 228 18,151,000 $301 5,489,000 $91 -$ San Jose 926,200 95,457,834 103 126,426,092 $136 5,711,809 $6 37,776,270 $41 Santa Clara 107,200 16,268,215 152 35,976,144 $336 7,159,622 $67 827,226 $8 Saratoga 30,300 3,020,516 100 895,028 $30 149,316 $5 282,553 $9 Sunnyvale 131,709 27,367,042 208 24,599,056 $187 4,751,669 $36 244,286 $2 Average 115,855 $16,482,983 $142 $19,647,113 $170 $2,582,899 $22 $3,038,491 $26 Source:City ofMorgan Hill schedule ofdata collected from Santa Clara County cities in December,2004 C -18 GENERAL FUND TAX REVENUES Budget with 10 Year History Attachment 1 $18,000,000 $16,000,000 $14,000,000 $12,000,000 $10,000,000 $8,000,000 $6,000,000 $4,000,000 $2,000,000 $- I E:J Property Tax Iil Sales Tax iii Occupancy Tax Iil Business License Tax I 1994/95 1995/96 1996/97 1997/98 1998/99 1999/00 2000/01 2001102 2002/03 2003/04 2004/05 2005/06 Actuals Actuals Actuals Actua1s Actuals Actuals Actuals Actua1s Actuals Actuals Estimated Budgeted Sum of Key Change from FiscalYear Revenues Prior Year 1995/96 Actuals $2,814,556 $5,035,098 $694,273 $848,436 9,392,363 12.7% 1996/97 Actuals $3,046,615 $5,561,042 $881,890 $888,310 10,377,856 10.5% 1997/98 Actuals $3,299,489 $5,898,643 $1,012,640 $970,818 11,181,590 7.7% 1998/99 Actuals $3,687,843 $5,952,597 $1,025,042 $986,299 11,651,781 4.2% 1999/00 Actuals $4,152,183 $7,932,104 $1,215,702 $1,030,895 14,330,884 23.0% 2000/01 Actuals $4,472,583 $9,429,256 $1,286,276 $1,003,928 16,192,044 13.0% 2001/02 Actuals $4,784,476 $6,953,880 $788,408 $986,525 13,513,289 (16.5%) 2002/03 Actuals $4,977,119 $6,928,817 $713,064 $1,003,014 13,622,014 0.8% 2003/04 Actuals $5,207,381 $6,914,526 $829,026 $1,071,865 14,022,798 2.9% 2004/05 Estimated $5,202,000 $7,450,000 $880,000 $1,015,000 14,547,000 6.8% 2005/06 Budgeted $5,459,780 $7,313,000 $870,000 $1,030,000 14,672,780 4.6% C -19 GENERAL FUND Fund Balance Activity Attachment 1 Use of /Addition to GF Reserves: Estimated July 1,2005 Balance Revenues & Fund Balance Sources Expenditures & Fund Balance Uses Estimated June 30,2006 Balance Reserved Fund Balance Reserve for Long Term Notes Advance to RDA Advance to Non-Point Source $447,545 1,500,000 150,000 $$31,328 (500,000) $478,873 1,000,000 150,000 Unreserved Fund Balance Undesignated Reserves Undesignated Fund Balance 257,300 26,286,250 26,317,578 225,972 .- 663,086 100,000 100,000 562,000 33,114 3,678,001 2,197,127288,812 (131,650) 663,086 100,000 100,000 562,000 164,764 3,678,001 1,908,315 Designated Reserves Civic Center Improvements Manager's Contingency Designated Productivity Open Space Reserve Designated for Parking Economic Uncertainty Reserve Capital/Special Proj ects Authorized Carryovers Designated for State ERAF III 480,000 (480,000) Revenue StabilizafionReserve 1,408,315 ..288,812.1,697,127 ~~il~~~ail~~f~~~'Rimm¥'&lFtr~.8_1b'1ilf>i!~81i#iYfg·~·~~If8~T(~'I;~.;,~'t~J!t~ml.,"_~~,.~""-,g~~=~~I&¥I~I'~~ttlYlb~M-'¥$!I,,,'1.•.~,,,w,~.~P"',~J~-'EM'dE@J.ml: Fund Balance Activity includes: •FY 2005106 Budgeted Revenue and Expenditure appropriations,and transfers to andfrom the General Fund. • A partial repayment of a long-term note receivable made from the Town to the Redevelopment Agency.Fund balance for the amount ofthe advance is required to be held as an offtet to this non-cash asset,in accordance with Generally Accepted Accounting Principles (GAAP). •The Designated for Par/dng Reserve reflects a transfer out to the Par/dng Management Program as a funding source supporting the FY 2005106 budget appropriations. •Authorized Carryovers reflect operating appropriations authorized in FY 2004105 that are brought forward into FY 2005106 appropriations as a funding source.The carryover amount will be determined at year-end,with the funding offtet by undesignated reserves. •The FY 2005106 budget discussion brings forward a reserve policy which distributes year-end fund balance between a Revenue Stabilization Reserve and the Designated for Capital Improvements and Special Projects Reserve.The Revenue Stabilization Reserve is a GFOA recommended reserve to provide governments with a funding source to offtet revenue variations from year to year.This reserve will build up in years where revenues exceed expenditures,and will be utilized in years when revenues fall short.The remaining year-end fund balance will be allocated to the Designated for Capital Reserve to allow Council to appropriate or designate for capital investments,projects,or purposes,as they deem appropriate.Funding from both the FY 2004105 year endfund balance and prior year undesignatedfund balance were appropriated to these funds. •Undesignated Fund Balance is estimated year-end fund balance not previously identified for a specific purpose, and is therefore available to reprogram as appropriations or designated reserves by Council. C-20 SCHEDULE ofINTERFUND TRANSFERS Fiscal Year 2005/06 Attachment 1 Estimated FY 04/05 FY 04/05 Transfers In Transfers OutFundDescription General Funds General Fund Special Revenue Funds Parking Management Fund Solid Waste Management HCD Housing Rehabilitation HCD-Community Dev Block Grant Urban Run-Off Program Sewer Maintenance Special Revenue Grants Landscape &Lighting Districts Blackwell District Kennedy Meadows District Gemini Court District Santa Rosa Heights District Vasona Heights District Hillbrook District Arroyo Del Rancho District Internal Service Funds Equipment Fund Worker's Comp SelfInsurance Self Insurance Fund Office Stores Fund Management Information Systems Vehicle Maintenance Fund Building Maintenance Fund Capital Project Funds GFAR Traffic Mitigation Grant Funded CIP Projects Storm Drain #1 Storm Drain #2 Storm Drain #3 Construction Utility Underground Gas Tax -Street &Signal Redevelopment Agency Funds RDA -Capital Project Funds RDA -Debt Service Fund RDA -Low 1Moderate Housing $307,330 203,950 4,030 75,000 81,680 $282,980 24,200 81,680 25,230 75,480 550 1,780 720 1,400 1,680 290 70,000 106,000 Adopted Budget FY 05/06 FY 05/06 Transfers In Transfers Out Operating Transfers Out within the General Fund include $131,650 in reserve funding to the Parldng Management Program,$150,000 to GFAR,and $25,850 to support administrative costs in the CDBG program.The CDBG Fund is transferring $59,810 to the Grant Funded CIP Project Fund for ADA projects.The Internal Service Funds show refunding transfers totaling $312,000.The remainder ofthe Transfers Out include:$106,000 from the Gas Tax Fund,$70,000 from Traffic Mitigation,and the Special Revenue Fund transfers -all for adminstrative service fees to the Town for program oversight. C -21 FUND BALANCE ACTnnTY SUMMARY Attachment 1 Fiscal Year 2005/06 7/1105 Plus Plus Less Less Source &6/30/06 Va Change Estimated Revenues &Transfers Expenditures &Transfers Use of Estimated in Balance Carryforwards In Carryforwards Out Reserves Balance Balance General Fund Undesignated Reserves Undesignated Fund Balance Activity $257,300 25,613,190 673,060 26,512,777 307,500 $502,699 $225,972 Total Fund Balance Available To Be Appropriated $225,972 Designated Reserves Civic Center Improvements 663,086 663,086 Manager's Contingency 100,000 100,000 Designated Productivity 100,000 100,000 Open Space Reserve 562,000 562,000 GASB Market Fluctuations Designated for Parking 164,764 (131,650)33,114 Economic Uncertainty Reserve 3,678,001 3,678,001 Capital I Special Projects 1,908,315 288,812 2,197,127 Authorized Carryovers Reserve for Long Tenn Notes 447,545 31,328 478,873 Advance to RDA 1,500,000 (500,000)1,000,000 Advance to Non-Point Source 150,000 150,000 Designated for State ERAF III 480,000 (480,000) Revenue Stabilization Reserve 1,408,315 288,812 1,697,127 Total General Fund $11,419,326 $25,613,190 $673,060 $26,512,777 $307,500 $$10,885,299 Special Revenue Funds Parking Management Program.$$445,600 $131,650 $577,250 $$$nla Solid Waste Fund 201,909 381,420 325,300 64,000 194,029 (3.9)% Housing Conservation Program 1,132,484 10,000 210,000 932,484 (17.7)% Community Dev Block Grant 155,571 25,850 121,611 59,810 nla Urban Run-Off Source Fund 157,527 176,330 150,320 26,010 157,527 0.0% Sanitary Sewer Fund 601,120 512,490 88,630 nla Blackwell Assessment District 4,239 3,200 3,120 550 3,769 (11.1)% Kennedy Assessment District 6,429 10,355 5,320 1,780 9,684 50.6% Gemini Assessment District 4,568 4,220 4,140 720 3,928 (14.0)% Santa Rosa Assessment District 57,695 9,200 5,820 1,400 59,675 3.4% Vasona Assessment District 11,957 9,985 10,320 1,680 9,942 (16.9)% Hillbrook Assessment District 14,904 2,060 5,560 290 11,114 (25.4)% Arroyo Del Rancho (35,177)(35,177)0.0% Special Revenue Grants nla Total Special Revenue Funds (13.5)% C-22 FUNDBALANCEACTIVITYS~Y Attachment 1 Fiscal Year 2005/06 7/1/05 Plus Plus Less Less Source &6/30/06 10 Change Estimated Revenues &Transfers Expenditures &Transfers Use of Estimated in Balance Carryforwards In Carryforwards Out Reserves Balance Balance Internal Service Equipment Replacement $2,522,658 $367,800 $$48,600 $192,000 $$2,649,858 5.0% Designated for Gas Tax Assets 330,000 330,000 0.0% Designated for Sewer Equipment 396,079 33,800 429,879 8.5% Designated for NPS Equipment 89,030 29,100 118,130 32.7% Worker's Comp Self Insurance 1,754,500 601,420 604,680 60,000 1,691,240 (3.6)% ABAG Self Insurance 1,803,864 492,600 489,750 60,000 1,746,714 (3.2)% Office Stores Fund 233,653 86,000 86,000 233,653 0.0% Management Information Systems 2,318,082 805,600 1,293,900 1,829,782 (21.1)% Vehicle Maintenance 126,412 512,900 512,900 126,412 0.0% Building Maintenance 514,831 991,000 989,950 515,881 0.2% Total Internal Service Reserves $10,089,108 $3,920,220 $$4,025,780 312,000 $9,671,548 (4.1)% Trust &Agency Library Trust $93,138 $19,500 $$12,000 $$$100,638 8.1% Ness Trust Bequest 161,918 3,000 164,918 1.9% Library History Project 50,790 10,300 59,300 1,790 Parking District #88 309,442 155,440 148,540 316,342 2.2% Total Trust &Agency Reserves $615,288 $188,240 $$219,840 $$583,688 Capital Project Funds GFAR $$95,000 $150,000 $1,150,575 $$$573,148 (61.2)% GFAR -Designated for Parking 1,972,000 0.0% Traffic Mitigation 70,000 150,704 270.2% Grant Funded CIP Projects 59,810 1,627,692 35,403 0.0% Storm Drain #1 215,000 246,001 (36.1)% Storm Drain #2 200,000 171,312 (48.1)% Storm Drain #3 210,260 11.7% Construction Tax-Undergrounding 2,053,570 4.9% Gas Tax 289,764 (64.5)% 5,702,161 (20.9)% $$$$ (1,043,460) 1,043,460 $ c-23 FUND BALANCE RESERVES Attachment 1 5 Year Comparative Balances 6/30/02 6/30/03 6/30/04 6/30/05 6/30/06 Actual Actual Actual Estimated Budgeted Fund Balance Reserves YEBalance YEBalance YEBalance YEBalance YEBalance General Fund Reserved Fund Balances Reserve for Encumbrances $450,973 $$$$ Reserve for Long Term Notes 325,000 325,000 418,266 447,545 478,873 Advance to RnA 1,968,500 1,968,500 984,250 1,500,000 1,000,000 Advance to Non-Point Source 150,000 150,000 150,000 150,000 150,000 Unreserved Fund Balances Undesignated Reserves Available to be Appropriated 1,338,105 1,725,289 257,300 225,972 Designated Reserves Civic Center Improvements 663,086 663,086 663,086 663,086 663,086 Manager's Contingency 100,000 100,000 100,000 100,000 100,000 Designated Productivity 100,000 100,000 100,000 100,000 100,000 Open Space Reserve 562,000 562,000 562,000 562,000 562,000 Museum Upgrades 13,500 13,500 Animal Shelter Reserve 174,600 300,000 300,000 GASB Market Fluctuations 654,874 551,278 Designated for Parking 774,000 567,484 368,714 164,764 33,114 Economic Uncertainty Reserve 3,678,001 3,678,001 3,678,001 3,678,001 3,678,001 Capital/Special Proj ects 836,593 447,759 500,000 1,908,315 2,197,127 Authorized Carryovers 194,758 115,000 115,000 Designated for State ERAF III 952,000 480,000 Revenue Stabilization Reserve 1,408,315 0 1,697,127 Total General Fund Reserves $10,645,885 $10,879,713 $10,616,(i()6 $11,419,326 $10,885,299 Special Revenue Funds Parking Management Program $$$$$ Solid Waste Fund 432,528 352,645 319,109 201,909 194,029 Housing Conservation Program 1,144,573 1,174,793 1,014,274 1,132,484 932,484 Community Dev Block Grant 722 Urban Run-Off Source Fund 227,288 214,892 170,020 157,527 157,527 Sanitary Sewer Fund Blackwell Assessment District 4,851 5,074 4,709 4,239 3,769 Kennedy Assessment District 5,415 3,173 7,169 6,429 9,684 Gemini Assessment District 5,365 5,601 5,208 4,568 3,928 Santa Rosa Assessment District 49,485 52,890 55,645 57,695 59,675 Vasona Assessment District 32,134 20,701 16,967 11,957 9,942 Hillbrbok Assessment District 25,370 23,041 18,704 14,904 11,114 Arroyo Del Rancho (18,215)(26,677)(35;177)(35,177) Special Revenue Grants 95,608 22,047 Total Special Revenue Funds $1,927,009 $1,930,203 $1,607,897 $1,556,535 $1,346,975 Internal Service Equipment Replacement $2,706,922 $2,365,462 $2,366,518 $2,522,658 $2,649,858 Designated for Gas Tax Assets 330,000 330,000 330,000 330,000 330,000 Designated for Sewer Equipment 294,678 328,479 362,279 396,079 429,879 Designated for NPS Equipment 151,730 180,830 209,930 89,030 118,130 Worker's Comp Self Insurance 2,151,509 1,997,543 1,719,090 1,754,500 1,691,240 ABAG Self Insurance 1,858,075 2,130,705 1,822,034 1,803,864 1,746,714 Office Stores Fund 193,318 194,752 218,253 233,653 233,653 Management Information Systems 1,826,403 1,895,801 2,225,582 2,318,082 1,829,782 Vehide Maintenance 41,691 67,593 165,812 126,412 126,412 Building Maintenance 384,333 492,962 750,811 514,831 515,881 Total Internal Service Reserves $9,938,659 $9,984,127 $10,170,308 $10,089,108 $9,671,548 C-24 FUND BALANCE RESERVES Attachment 1 5 Year Comparative Balances 6/30/02 6/30/03 6/30/04 6/30/05 6/30/06 Actual Actual Actual Estimated Budgeted Fund Balance Reserves YEBalance YE Balance YEBalance YE Balance YE Balance Trust &Agency Library Trust $42,136 $44,310 $90,458 $93,138 $100,638 Ness Trust Bequest 150,998 155,418 158,918 161,918 164,918 Library History Project 50,790 1,790 Parking District #88 284,396 292,579 301,302 309,442 316,342 Total Trust &Agency Reserves $477,530 $492,307 $550,678 $615,288 $583,688 Capital Project Funds GFAR $6,325,503 $4,212,611 $2,030,603 $1,478,723 $573,148 GFAR -Designated for Parking 1,972,000 1,972,000 1,972,000 1,972,000 1,972,000 Traffic Mitigation 201,200 102,070 40,704 40,704 150,704 Grant Funded CIP Projects 19,711 (88,240)35,403 35,403 35,403 Storm Drain #1 308,210 380,371 324,241 385,001 246,001 Storm Drain #2 197,266 240,844 289,312 330,312 171,312 Storm Drain #3 132,757 141,539 166,760 188,260 210,260 Construction Tax-Undergrounding 1,677,111 1,769,684 1,873,570 1,958,570 2,053,570 Gas Tax 1,108,517 567,994 498,239 815,939 289,764 Total CapitalProjects Funds $11,942,275 $9,298,873 $7,230,831 $7,204,911 $5,702,161 Redevelopment Agency RDA -Capital Project Funds $(303,607)$6,207,412 $3,500,385 $3,264,877 $734,753 RDA -Debt Service Fund 2,581,560 3,550,572 4,144,430 4,074,960 4,626,160 RDA -Low I Moderate Housing 2,075,925 2,651,933 3,356,099 4,202,639 4,997,679 Total Redevelopment Reserves $4,353,878 $12,409,917 $11,000,914 $11,542,476 $10,358,592 Graphic representation of 10 Year General and Total Fund BalanceHistory and 5 Year Trend Projection 50,000,000 45,000,000 40,000,000 35,000,000 30,000,000 25,000,000 20,000,000 15,000,000 10,000,000 5,000,000 -+--General Fund C-25 --iI-Total Town &RDA DEPARTMENT REVENUES Attachment 1 By Program FY 02/03 FY 03/04 FY 04/05 FY04/05 Actuals Actuals Adopted Estimated Towll Coullcil 1010 Administration $$$$ Total Town Council $$$ Towll Clerk 1055 Town Clerk $$$$ Total Town Clerk $$$$ TOWIl Treasurer 1077 Administration $1,161,231 $61,256 $794,336 $900,000 Total Town Treasurer $1,161,231 $(61,256)$794,336 $900,000 Towll Attorney 1099 Administration $$$$ 6620 ABAG -Self Insurance Fund 780,168 636,062 472,200 472,200 Total Town Attorney $780,168 $636,062 $472,200 $472,200 Towll Mallager 1111 Non-Departmental $17,854,927 $17,875,975 $18,226,828 $18,623,870 2010 Town Manager Administration 2030 Human Resources 2050 Finance &Administrative Services 971,747 1,042,648 1,051,000 985,800 2060 Town Clerk 71,953 81,197 60,000 35,000 2065 Customer Service Center 6610 Workers'Compensation Fund 509,431 498,308 575,515 574,020 6680 Office Stores Fund 91,421 117,466 92,000 82,500 6685 Management Information Systems 772,360 832,881 755,300 793,000 7724 Parkin Assessment District 156,745 157,352 157,308 157,310 Total Town Manager $20,428,584 $20,605,827 $20,917,951 $21,251,500 Commullity Developmellt 3110 Administration $$$$ 3120 Developmental Review 529,487 601,296 692,895 552,590 3130 Code Compliance 30,000 5,000 3140 Inspection Services 974,519 1,060,872 1,557,115 1,616,100 3150 Advanced Planning 43,819 47,932 33,670 39,790 3199 Pass Thru Accounts 255,188 315,204 342,000 420,500 Total Community Development $1,803,013 $2,025,304 $2,655,680 $2,633,980 Police Departmellt 4010 Administration $$$$ 4020 Records &Communication 1,000 11,140 10,000 28,000 4030 Patrol 527,200 494,952 403,590 548,090 4040 Investigations 131,841 147,985 134,000 139,450 4050 Traffic 302,695 301,724 186,565 236,490 4060 Personnel &Community Services 413,177 390,026 315,565 390,030 4070 Parking Program 4099 Pass Thru Accounts 14,413 12,000 30,000 2207 Parking Management Program 792,217 765,879 669,750 649,550 270 Grants Pro am-Police 44,773 22,801 9,496 19,645 Total Police Department $2,212,903 $2,148,920 $1,740,966 $2,041,255 ~~!~l~i;t~'tj~$!f:l C-26 DEPARTMENT REVENUES Attachment 1 By Program FY 02/0~FY 03/04 FY 04/05 FY 04/05 Actuals Actuals Adopted Estimated Parks &Public Works 5010 Administration $26,459 $19,188 $21,000 $5,000 5020 Park Services 120,458 105,089 84,478 145,070 5030 Engineering &Capital Projects 273,069 235,958 268,000 421,000 5050 Streets 1 Signals 1 Sidewalks 990 630 500 3,200 5099 Pass Thru Accounts 94,196 89,290 85,000 70,500 2220 Non-Point Source Fund 153,323 169,955 158,570 158,567 2230 Sewer Maintenance Fund 625,270 590,316 543,590 511,780 225x Lighting &Landscape Districts 40,048 39,381 44,050 39,090 4400 GFAR 794,061 594,170 156,500 194,160 4405 Traffic Mitigation 5,000 70,000 4410 Grant Funded ClPProjects 188,792 588,097 805,000 423,160 4461 Stonn Drain #1 72,162 50,595 61,000 86,000 4462 Stonn Drain #2 43,579 48,467 57,200 41,000 4463 Stonn Drain #3 8,782 25,221 14,200 21,500 4474 Utility Undergrounding 92,573 103,886 102,000 85,000 4480 Gas Tax -Street &Signals 579,472 567,889 442,000 444,000 6601 Equipment Replacement 540,425 484,750 442,165 442,170 6690 Vehicle Maintenance 539,000 515,090 459,100 469,100 6695 Building Maintenance 1,048,703 1,096,212 1,028,400 988,120 270 PPW De artrnent Grants 25,510 Total Parks &Public Works $5,241,362 $5,349,696 $4,777,753 $4,618,417 Community Services 8010 Administration $$$$ 8020 Neighborhood Center 37,847 38,199 32,000 37,000 8030 Housing Program 79,328 157,159 101,100 116,000 8040 Community Grants 8070 Arts &Culture 36,622 36,199 48,000 35,540 8099 Pass Thru Accounts 3,750 2210 Solid Waste Fund 93,105 150,981 149,585 151,460 2218 HCD Housing Rehab 44,747 109,369 10,000 146,800 2219 Comm,Deve10 ment Block Grant 241,273 124,805 125,416 161,910 Total Community Services $532,922 $616,711 $466,101 $652,460 Library 8510 Administration $30,302 $23,596 $13,550 $13,630 8520 Adult Services 37,136 42,053 35,000 40,000 8530 Children's Services 12,304 15,449 13,000 12,500 8540 Technical Services 4,288 4,014 3,400 4,000 8550 Circulation Services 7710 Library Trust 40,924 99,367 13,700 16,650 7711 Clelles Ness Bequest Trust 4,420 3,500 3,000 3,000 7712 Lib Histo Pro'ect 72,150 Total Library $129,374 $187,979 $81,650 $161,930 Redevelopment Agency 9930 Capital Projects Fund $11,310,575 $93,489 $590,750 $591,020 9950 Debt Service 3,598,993 4,329,626 3,360,970 3,665,010 9960 Low 1Moderate Housin 959,112 946,082 972,165 1,053,780 Total Redevelopment Agency $15,868,680 $5,369,197 $4,923,885 $5,309,810 Carr forward of CIP Grant Revenue C-27 DEPARTMENTAL EXPENDITURES By Program Attachment 1 FY 02/03 FY 03/04 FY 04/05 FY 04/05 Actuals Actuals Adopted Estimated Town Council 1010 Administration $128,859 $136,866 $143,500 $136,235 Total Town Council $128,859 $136,866 $143,500 $136,235 Town Clerk 1010 Administration $$$$ Total Town Clerk $$$$ Town Treasurer 1077 Administration $52,168 $76,668 $89,360 $85,210 Total Town Treasurer $52,168 $76,668 $89,360 $85,21.0 Town Attorney 1099 Administration $215,327 $221,413 $232,550 $211,050 6620 ABAG -Selffusurance Fund 357,537 819,733 491,100 490,370 Total Town Attorney -$572,864 $1,041,146 $723,650 $701,420 Town Manager 1111 Non-Departmental $1,412,721 $1,644,588 $2,444,652 $2,286,200 2010 Town Manager Administration 427,944 366,081 388,400 369,270 2030 HumanResources 485,119 487,579 467,800 457,265 2050 Finance &Administrative Services 966,337 986,152 988,700 1,006,650 2060 Town Clerk 368,118 333,185 335,410 321,410 2065 Customer Service Center 6610 Workers'Compensation Fund 513,396 651,762 596,024 538,610 6680 OffiCe Stores Fund 89,987 93,965 92,000 67,100 6685 Management fuformation Systems 702,962 503,099 1,211,900 700,500 7724 Parkin Assessment District 148,562 148,629 149,265 149,170 Total Town Manager $5,115,146 $5,215,040 $6,674,151 $5,896,175 Community Development 3110 Administration $185,305 $155,169 $84,750 $72,390 3120 Developmental Review 698,118 677,492 499,500 449,020 3130 Code Compliance 100,999 141,906 66,900 62,640 3140 Inspection Services 729,592 731,818 1,611,100 1,423,430 3150 Advanced Planning 282,300 243,913 138,860 132,550 3199 Pass Thru Accounts 260,288 312,893 342,000 420,500 Total Community Development .$2,256,602 $ 2,263,191 $2,743,110 $2,560,530 Police Department 4010 Administration $329,409 $382,152 $387,620 $399,150 4020 Records &Co=unication 1,345,011 1,272,019 1,123,855 1,108,340 4030 Patrol 4,401,143 4,313,355 5,074,750 5,156,130 4040 Investigations 1,650,856 1,677,095 1,847,300 1,860,250 4050 Traffic 841,832 854,542 812,000 662,450 4060 Personnel &Co=unity Services 802,158 648,773 667,150 602,830 4070 Parking Program 4099 Pass Thru Accounts 12,631 16,000 30,000 2207 Parking Management Pro gram 792,217 765,879 669,750 649,550 2270 Police De artment Grants 105,311 127,626 42,535 41,692 Total Police Department $10,267,937 $10,054,072 $10,640,960 $10,510,392 .m§$$p;~"nl C -28 DEPARTMENTAL EXPENDITURES By Program Attachment 1 FY 02/03 FY 03/04 FY 04/05 FY 04/05 Actuals Actuals Adopted Estimated Parks &Public Works 5010 Administration $192,168 $283,834 $282,840 $272,050 5020 Park Services 1,856,301 1,861,944 1,683,650 1,847,950 5030 Engineering &Capital Projects 1,006,154 1,082,327 1,034,200 1,097,220 5050 Streets 1 Signals 1 Sidewalks 1,690,826 1,320,783 1,355,600 1,206,540 5099 Pass Thru Accounts 97,548 89,795 85,000 70,500 2220 Urban Run-Off Program Fund 141,278 183,148 135,170 145,830 2230 Sewer Maintenance Fund 533,070 503,256 463,390 436,300 225x Lighting &Landscape Districts 64,003 43,502 46,293 49,780 4400 GFAR 2,906,951 2,776,178 1,606,467 746,040 4405 Traffic Mitigation 4410 Grant Funded ClP Projects 296,743 403,698 1,551,035 423,160 4461 Storm Drain #1 106,725 27,574 25,240 4462 Storm Drain #2 100,000 4463 Storm Drain #3 4474 Utility Undergrounding 4480 Gas Tax -Street &Signals 1,013,995 531,024 444,475 20,300 6601 Equipment Replacement 318,985 20,794 693,940 373,130 6690 Vehicle Maintenance 513,098 416,871 459,245 508,500 6695 Building Maintenance 940,074 838,363 1,028,530 1,224,100 2270 PPW De artment Grants 31,264 5,754) Total Parks &Public Works $11,602,458 $10,456,487 $10,997,409 $8,446,640 Community Services 8010 Administration $140,779 $145,220 $155,000 $130,600 8020 Neighborhood Center 436,098 399,522 431,400 404,680 8030 Housing Program 80,694 139,558 101,300 110,740 8040 Community Grants 234,042 190,525 177,980 144,680 8070 Arts &Culture 58,686 57,084 68,750 56,200 8099 Pass Thru Accounts 3,750 2210 Solid Waste Fund 145,305 160,405 307,838 244,460 2218 HCD Housing Rehab 14,527 269,888 211,300 28,590 2219 Comm.Devel0 ment Block Grant 52,481 73,483 105,416 80,950 Total Community Services $1,162,612 $1,435,685 $1,558,984 $1,204,650 Library 8510 Administration $224,419 $219,661 $218,950 $216,020 8520 Adult Services 500,289 464,002 460,725 476,150 8530 Children's Services 348,623 378,944 386,450 370,940 8540 Technical Services 285,536 264,147 264,440 232,560 8550 Circulation Services 452,998 506,631 485,800 478,650 7710 Library Trust 38,750 53,218 17,500 13,970 7711 Clelles Ness Bequest Trust 7712 Libr Histo Pro "ect 21,360 Total Library $1,850,615 $1,886,603 $1,833,865 $1,809,650 Redevelopment Agency 9930 Capital Projects Fund $4,748,130 $2,800,516 $2,850,752 $826,528 9950 Debt Service 2,629,982 3,735,768 3,518,184 3,734,480 9960 Low 1Moderate Housin 383,105 241,916 261,650 207,240 Total Redevelopment Agency $7,761,217 $6,778,200 $6,630,586 $4,768,248 Total Operating Expenditures $40,770,479 $39,343,958 $42,035,575 $36,119,150 Plus Transfers Out 1,677,851 1,352,382 1,050,420 671,990 Ca orward ClP Pro·ects Total Expenditures by Department:$42,448,330 $40,696,340 $43,085,995 $36,791,140 ~!!$.:t_?:/,.,../~,y{,,,~,;:c:::,,.,"""~":::q~;,;;:;:;,,,,.".' C-29 SUMMARY of POSITIONS Attachment 1 Departmental Staff By Fund FY 02/03 FY03/04 FY 04/05 FY 05/06 Authorized Funded Funded Funded Funded General Fund Town Council 5.85 5.85 5.85 5.85 5.85 Office ofthe Elected Town Clerk 1.00 0.25 0.25 1.00 1.00 Clerk Administration 3.75 3.75 3.50 Town Treasurer 1.25 1.25 1.25 1.25 1.25 Town Attorney 1.85 1.50 0.95 1.00 0.85 Town Manager's Department 16.40 14.80 13.65 12.40 14.00 Community Development 19.35 17.75 17.40 17.90 17.95 Police Department 65.00 65.00 61.00 59.50 58.00 Parks &Public Works 33.55 35.24 31.30 26.96 27.05 Community Services 4.55 3.70 3.70 3.65 3.60 Library 10.85 11.25 10.75 11.10 10.35 Total General Fund Staff 159.65 160.34 149.85 144.11 139.90 Special Revenue Funds Town Manager 0.20 0.20 0.20 0.20 0.20 Police Department 8.00 8.00 8.00 5.50 4.00 Parks &Public Works 6.44 5.23 6.55 5.74 5.74 Community Services 0.65 0.55 0.55 0.60 0.60 Total Special Revenue Fund Staff 15.29 13.98 15.30 12.04 10.54 Internal Service Funds Town Offices 0.45 0.25 0.80 0.50 0.45 Town Manager 3.55 2.65 3.65 3.65 3.55 Parks &Public Works 4.35 3.53 3.15 3.55 3.55 Total Internal Services Funds Staff 8.35 6.43 7.60 7.70 7.55 Redevelopment Agency Town Manager 0.80 0.80 Community Development 0.85 1.25 1.20 1.70 0.85 Police Department 0.30 Parks &Public Works 0.66 0.75 0.66 Community Services 0.05 0.05 Total RedevelopmentAgency Staff 2.36 1.25 1.20 2.75 2.36 FY Defunded Positions 6.50 14.55 22.90 25.30 _Yillff.~lBI~!~~]ll#lll}I:!III_"~lllllllf _ C -30 SUMMARY of POSITIONS Budgeted FTEs by Department Blue Bars -Town Staff Yellow Bars -Hourly Employees Attachment 1 70.00 60.00 50.00 40.00 30.00 20.00 10.00 Town Council Town Treasurer Community Development Community Services FY 2005/06 Budgeted FTEs by Department (Includes Converted Hourly Employees) Departments Town Council Elected Town Clerk Town Treasurer Town Attorney Town Manager's Department Community Development Police Department Parks &Public Works Community Services Library Authorized Town Staff Positions 5.85 1.00 1.25 2.30 20.95 20.20 73.00 45.00 5.25 10.85 Funded Town Staff Positions 5.85 1.00 1.25 1.30 18.55 18.80 62.00 37.00 4.25 10.35 HourlyEmp Staff converted to FTEs 0.08 0.16 Total Budgeted Positions Town Manager's Department staffing numbers include the following six departments:Town Manager's Office;Human Resources;Finance &Administrative Services;Clerk Administration;Customer Service Center;and Management Information Services. Hourly Employee positions result from seasonal,temporary,and part-time labor needs. C-31 200.00 180.00 160.00 140.00 120.00 100,00 80.00 60.00 40.00 20.00 SUMMARY of POSITIONS Funded FTEs by Department Five Year Staffmg Trend Attachment 1 I!I T own Council •Elected T own Clerk [[J Clerk Administrator Ii T own Treasurer II Town Attorney []Town Manager's Department I!:'!I Community Development I!:'!I Police Department I!I Parks &Public Works I!I Community Services Ii Library FYOll02 FY02/03 FY03/04 FY04/0S FYOSI06 Library Community Services Parks &Public Works Police Department Community Development Town Manager's Department Town Attorney Town Treasurer Clerk Administrator Elected Town Clerk Town Council FY 01102 11.50 4.25 44.00 68.00 21.00 17.65 2.75 1.25 4.00 5.85 FY 02/03 11.25 4.25 44.00 73.00 19.00 17.65 1.75 1.25 3.75 0.25 5.85 FY 03/04 10.75 4.25 41.00 69.00 18.60 17.50 1.75 1.25 3.75 0.25 5.85 FY 04/05 11.10 4.25 37.00 65.30 19.60 16.25 1.50 1.25 3.50 1.00 5.85 J!J. FY 05/06 10.35 4.25 37.00 62.00 18.80 18.55 1.30 1.25 1.00 5.85 Note -FTEs represent Town staffpositions funded in annual budgets.Numbers do not reflect temporary hours or the filled or unfilled status ofthe positions. C-32 S~YofPERSONNELCHANGES FY200S/06 Not Yet Updated c-33 Attachment 1 SUMMARY of PERSONNEL CHANGES FY200S/06 Not Yet Updated Attachment 1 -+-Safety 3%@50 __Miscellaneous 2%@55 35.0% 30.0% 25.0% 20.0% 15.0% 10.0% 5.0% 0.0% IT IT IT IT IT IT IT IT IT IT 00101 01/02 02/03 03/04 04/05 05106 06/07 07/08 08/09 09/10 PERS Pension Plan Safety -3%@ 50 Miscellaneous -2%@55 FY 00/01 9.4% 0.0% FY 01/02 12.2% 0.0% FY 02/03 16.5% 0.0% FY 03/04 16.0% 0.0% C-34 FY 04/05 28.3% 8.0% FY 06/07 32.3% 13.9% FY 07/08 32.3% 13.9% FY 08/09 32.3% 13.9% FY 09/10 32.3% 13.9% S~YofPERSONNELCHANGES FY2005/06 Not Yet Updated C-35 Attachment 1 SUMMARY of PERSONNEL CHANGES FY2005/06 Not Yet Updated Attachment 1 FTESUMMARY Prior FY 05/06 Defunded Defundings Department Position FTEs &Deletions Town Attorney Secretary to Town Attorney 1.00 Legal Assistant -deleted 0.25 0.50 Town Manager's Office Admin Programs Manager (formerly Admin Analyst)0.20 (0.20) Office Clerk 0.20 Human Resources Human Resource Specialists 0.60 0.40 Finance &Administration Accountant 0.60 Finance Project Coordinator 0.20 0.80 Account Technicians 0.40 Sr.Account Clerk 0.20 Clerk Administration Deputy Clerk 0.50 0.00 Deputy Clerk 0.00 (0.25) Sr.Deputy Clerk 0.00 1.00 Community Development Administrative Analyst 0.40 Plan Check Engineer 1.00 Police Department Police Officer 2.00 2.00 Records Connnunications Mgr.0.50 (0.50) Connnunications Dispatcher 1.00 Administrative Analyst 1.00 Police Records Specialist 1.00 Parking Coordinator 0.20 0.80 Parking Control Officers 2.00 1.00 Parks and Public Works Superintendent 1.00 Lead Parks &Maintenance Worker 1.00 Sr.Parks &Maintenance Worker 2.00 Parks &Maintenance Worker 3.00 Associate Civil Engineer 1.00 Community Services Secretary II 1.00 Library Department Administrative Analyst 0.50 Librarian 0.15 Circulation Supervisor (formerly Associate Librarian)0.00 Principal Librarian 0.00 C -36 S~RYofPERSONNELCHANGES FY 2005/06 Not Yet Updated C-37 Attachment 1 TOWN STAFF Positions by Home Department Authorized FY 02/03 FY 03/04 FY 04/05 FY 05/06 Attachment 1 Positions Funded Funded Funded Funded Comments Councilmembers TOTAL DEPARTMENT FTEs 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 Elected Town Clerk TOTAL DEPARTMENT FTEs 1.00 1.00 0.25 0.25 0.25 0.25 1.00 1.00 1.00 1.00 Treasurer TOTAL DEPARTMENT FTEs 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 Town Attorney 1.00 1.00 1.00 1.00 1.00 Legal Assistant 0.75 0.75 0.50 CY delete .75 FTE Secretary to the Attorney 1.00 Continued defimding of1.0 FTE. TOTAL DEPARTMENT FTEs 2.00 1.75 1.75 1.50 1.00 Town Manager 1.00 1.00 1.00 1.00 1.00 Assistant Town Manager 1.00 1.00 1.00 1.00 1.00 Administrative Analyst 1.00 0.75 0.80 Administrative Programs Mgr.1.00 1.00 Reallocation ofAdministrative Analyst position Exec.Assistant to Town Mgr.1.00 1.00 1.00 1.00 1.00 Economic Vitality Manager 1.00 1.00 Office Clerk 1.00 1.00 1.00 0.80 0.80 Continued defimding of.20 FTE TOTAL DEPARTMENT FTEs 6.00 5.00 4.75 4.60 5.80 Human Resources Director Human Resources Specialist TOTAL DEPARTMENT FTEs 1.00 2.00 3.00 1.00 2.00 3.00 1.00 1.70 2.70 C -38 1.00 lAO 2.40 1.00 1.00 CY defimding of.40 FTE; continued de&nding of.60 FTE 2.00 TOWN STAFF Positions by Home Department Authorized FY 02/03 FY 03/04 FY 04/05 FY 05/06 Attachment 1 Finance &Admin.Director 1.00 1.00 1.00 1.00 1.00 Accounting Manager 1.00 1.00 1.00 1.00 1.00 Finance Project Coordinator 1.00 1.00 0.80 CY delete 1 FTE Accountant 1.00 1.00 0.40 0.40 0.40 Continued defimding to .40 FTE - Position shared with.60 FTE CDD Analystposition. Sr.Account Technician 1.80 1.75 1.75 1.75 1.80 Account Technician 2.00 2.00 2.00 1.60 1.60 Continued defunding of2 positions at .20 FTE each Sr.Account Clerk 1.00 1.00 1.00 0.80 0.80 Continued defunding of.20 FTE TOTAL DEPARTMENT FTEs 7.80 8.75 8.15 7.35 6.60 Clerk Administrator 0.75 0.75 0.75 1.00 0.75 Senior Deputy Clerk 1.00 1.00 1.00 Deputy Clerk 1.05 2.00 2.00 1.50 1.05 TOTAL DEPARTMENT FTEs 1.80 3.75 3.75 3.50 1.80 Clerk Administrator 0.25 0.25 Deputy Clerk 0.70 0.70 TOTAL DEPARTMENT FTEs 0.95 0.95 # MISManager 1.00 1.00 1.00 1.00 1.00 MIS Specialist 2.00 1.00 2.00 2.00 2.00 TOTALFTEs 3.00 2.00 3.00 3.00 3.00 Community Developmt.Director 1.00 1.00 1.00 1.00 1.00 Asst.Community Dev.Director 1.00 1.00 1.00 1.00 1.00 Redevelopment Manager 1.00 1.00 1.00 Administrative Analyst 1.00 1.00 0.60 0.60 0.60 Continued defunding to .60 FTE- Position shared with .40 FTE Finance Accountant position. Administrative Secretary 1.00 1.00 1.00 1.00 1.00 Secretary ill 1.00 1.00 1.00 1.00 1.00 Associate Planner 4.00 4.00 4.00 4.00 4.00 Planner 1.00 1.00 1.00 Continued funding of1.0 FTE - undeifilled with a Planning Assistant Planner 1.00 1.00 1.00 1.00 1.00 Counter Technician 2.00 2.00 2.00 2.00 2.00 Code Compliance Officer 1.00 1.00 1.00 1.00 1.00 Sr.Building Inspector 1.00 1.00 1.00 1.00 1.00 Building Inspector 4.00 4.00 4.00 4.00 4.00 Plan Check Engineer 1.00 Continued defunding of1.0 FTE, supported by part-time consultant TOTALFTEs 20.00 19.00 18.60 19.60 18.60 C -39 TOWN STAFF Attachment 1 Positions by Home Department Authorized FY 02/03 FY 03/04 FY 04/05 FY 05/06 Positions Fundei:l Funded Funded Funded Comments Chief of Police 1.00 1.00 1.00 1.00 1.00 Police Captain 2.00 2.00 2.00 2.00 2.00 Police Sergeant 9.00 9.00 8.00 9.00 9.00 Police Officer 34.00 34.00 33.00 32.00 30.00 CY defimded 2.0 FTE;continue defunding 2.0 FTE Community Services Officer 4.00 4.00 4.00 4.00 4.00 Crime Analyst 1.00 1.00 1.00 1.00 1.00 RecordslDispatch Supervisor 1.00 1.00 Reallocation from Records/Dispatch Supervisor Records Communications Mgr.1.00 1.00 0.50 Secretary to .Chief 1.00 1.00 1.00 1.00 1.00 Communications Dispatcher 8.00 8.00 7.00 7.00 7.00 Continued defunding of1.0 FTE Administrative Analyst 1.00 1.00 1.00 Continued defunding of1.0 FTE Police Records Specialist 4.00 4.00 3.00 3.00 3.00 Continued defunding of1.0 FTE Parking Coordinator 1.00 1.00 1.00 0.80 CY defunding ofremaining .80 FTE Parking Control Officer 6.00 6.00 6.00 4.00 3.00 CY defunded 1.0 FTE;continue defunding 2.0 FTE TOTAL PROGRAM FTEs 73.00 73.00 69.00 65.30 62.00 PPW Director 1.00 1.00 1.00 1.00 1.00 Town Engineer 1.00 1.00 1.00 1.00 1.00 Administrative Analyst 1.00 1.00 1.00 1.00 1.00 Administrative Specialist 1.00 1.00 1.00 1.00 1.00 Public Works Specialist 2.00 2.00 2.00 2.00 2.00 Superintendent 3.00 2.00 2.00 2.00 2.00 Continued defunding of1.0 FTE Facilities Coordinator 1.00 1.00 PPW Supervisor 1.00 1.00 1.00 Reallocationfrom Facilities Coordinator position Town Arborist 1.00 1.00 1.00 1.00 1.00 Lead Parks &Maint.Worker 2.00 2.00 1.00 1.00 1.00 Continued defunding of1.0 FTE Sr.Parks &Maint.Worker 4.00 4.00 3.00 2.00 2.00 Continued defunding of2.0 FTE Parks &Maintenance Worker 15.00 15.00 14.00 12.00 12.00 Continued defunding of3.0 FTE Sweeper 1 Operator 1.00 1.00 1.00 1.00 1.00 Tree Trimmer 1High Climber 1.00 1.00 1.00 1.00 1.00 Parks Service Officer 2.00 2.00 2.00 2.00 2.00 Associate Civil Engineer 4.00 4.00 4.00 3.00 3.00 Continued defunding of1.0 FTE Sr.Engineer Technician 1.00 1.00 1.00 1.00 1.00 Senior Engineer Inspector 1.00 1.00 1.00 1.00 1.00 Engineer Inspector 1.00 1.00 1.00 1.00 1.00 Equipment Mechanic 2.00 2.00 2.00 2.00 2.00 TOTAL PROGRAM FTEs 45.00 44.00 41.00 37.00 37.00 C-40 Library Director 1.00 1.00 1.00 1.00 1.00 Assistant Library Director 1.00 1.00 1.00 1.00 1.00 Principal Librarian 2.00 3.00 3.00 3.00 2.00 CY deleted 1.0 FTE Librarian 2.25 2.25 2.25 2.10 2.25 CYfunding oj.15 FTE Associate Librarian 1.00 0.50 1.00 CY deleted 1.0 FTE Circulation Supervisor 1.00 1.00 CYadded 1.0 FTE Library Assistant 2.50 2.50 2.50 2.50 2.50 Secretary ill 0.60 0.50 0.50 0.50 0.60 Administrative Analyst 0.50 Continued defunding oj.50 FTE TOTAL PROGRAM FTEs 10.85 11.25 10.75 11.10 10.35 FY 02/03 FY 03/04 FY 04/05 FY05/06 Temporary Hours by Department Funded Funded Funded Funded Town Council 500 375 175 Town Manager's Department 5005 1,405 375 325 Co=unity Development 4160 2,400 Police Department 9880 2,600 2,600 2,600 Parks &Public Works 8871 7,595 7,595 7,332 Co=unity Services 1670 1,670 1,670 2,502 Library Department 12480 12,420 9,768 11,596 Total Temporary Hours by Department 42,066 28,590 22,383 24,530 C-41 C-42 Attachment 1 ATTACHMENT 2 RESOLUTION 2005-XX RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF LOS GATOS APPROVING FISCAL YEAR 2005/06 OPERATING &FY's 2005/06-10 CAPITAL BUDGET AND CARRY-FORWARD APPROPRIATIONS AND OTHER APPROVED ADJUSTMENTS RELATING TO MEET AND CONFER PROCESS,MANAGEMENT COMPENSATION PLAN, AND MINOR CORRECTIONS WHEREAS,Section 2.30.295(b)of the Los Gatos Town Code requires the Town Manager to annually prepare and submit a budget to the Town Council and be responsible for its administration; and WHEREAS,the Town Manager did submit a proposed budget for the 2005/06 to the Town Council;and WHEREAS,the Town Manager did submit a proposed five-year capital improvement plan for FY's 2005/06 -2009/10;and WHEREAS,the Town Council has considered and reviewed said proposed budget and capital improvement plan during public hearings. RESOLVED,that the Town Council hereby adopts as the budget for the Town of Los Gatos for the 2005/06 fiscal year the schedule entitled "Total Town Revenues By Fund and Total Town Expenditures By Fund"including the first year (FY 2005/06)of the Town's proposed Capital Improvement Plan as contained in the Town's Proposed FY's 2005/06 -2009110 Capital Improvement Plan. BE IT FURTHER RESOLVED,that the final adopted budget includes approved carry- forward appropriations for unspent operating grants and pass-throughs from FY 2004/05,and that there be carried forward from prior year's Reserve for Encumbrances within each fund an amount sufficient to cover approved outstanding encumbrances as of June 30,2005; BE IT FURTHER RESOLVED,that the Town Council hereby directs staff that any changes or impacts resulting from the Council approval of the meet and confer process,management compensation plan,or any miscellaneous corrections resulting from further Town Council consensus ATTACHMENT 2 direction received on June 6,2005 or due to more refined estimates be incorporated within the final published FY 2005/06 Operating and Capital Budget. PASSED AND ADOPTED at a regular meeting of the Town Council of the Town of Los Gatos,California,held on the 6th day of June,2005 by the following vote: COUNCIL MEMBERS: AYES: NAYS: ABSENT: ABSTAIN: SIGNED: MAYOR OF THE TOWN OF LOS GATOS LOS GATOS,CALIFORNIA ATTEST: CLERK OF THE TOWN OF LOS GATOS LOS GATOS,CALIFORNIA ATTACHMENT 3 RESOLUTION 2005-XX RESOLUTION OF THE REDEVELOPMENT AGENCY CONSENTING TO THE PROVISION OF PUBLIC IMPROVEMENTS BY THE LOS GATOS REDEVELOPMENT AGENCY AND MAKING MANDATORY FINDINGS IN REGARDS TO CAPITAL PROJECTS PROVIDED FOR IN THE LOS GATOS REDEVELOPMENT AGENCY FY 2005/06 OPERATING AND FY's 2005/06-2009/10 CAPITAL BUDGET WHEREAS,Section 33445 of the Health and Safety Code requires the local legislative body to consent to the provision of public improvements by its Redevelopment Agency and make findings:1)that the public improvements are of benefit to the project area or the immediate neighborhood of the project area;2)that no other reasonable means of financing such public improvements are available to the community,and;3)that the Agency's contribution to the cost of the public improvement or facility will assist in eliminating one or more blighting conditions in the project area,and is consistent with the Agency's implementation plan adopted pursuant to Section 33490 of the Health and Safety Code,the ("Implementation Plan"),and WHEREAS,the Redevelopment Agency's 2005/06-2009110 Budget provides funding for the following projects (the "Projects"):1)Downtown Area Street Reconstruction;2)Redevelopment Area Alley Improvements;3)Downtown Parking Improvements; WHEREAS,the Projects will be of substantial benefit to the downtown business district and surrounding areas of the Central Los Gatos Redevelopment Project Area (the "Project Area")established pursuant to the 1991 Redevelopment Plan (the "Redevelopment Plan"); WHEREAS,the Town has limited financial resources for capital improvements and these funds are committed to other critical infrastructure needs of the Town such as repairing aging streets outside of the Project Area; WHEREAS,the Projects have been specifically called for in the Town's Redevelopment Plan and Implementation Plan;and WHEREAS,the Downtown infrastructure is currently in a deteriorated condition with broken pavement,deteriorated streets and alleys,deteriorated sidewalks and is functionally obsolescent and the Projects will help eliminate these blighting conditions; ATTACHMENT 3 THEREFORE BE IT RESOLVED,that the Town Council of the TOWN OF LOS GATOS does hereby consent to the provision of funding for the Projects by the Los Gatos Redevelopment Agency in accordance with the Agency's FY 2005/06 Operating and FY 2005/06-2009/10 Capital Budget totaling adopted revenues of $~,489,900 and expenditures of $4,716,860 (prior to carry-forward appropriations); and BE IT FURTHER RESOLVED,that the Agency Board hereby finds that the Projects are of benefit to the Project Area and the immediate neighborhood of the Project Area;and BE IT FURTHER RESOLVED,that the Agency Board hereby finds that no other reasonable means of financing such public improvements are available to the community;and BE IT FURTHER RESOLVED,that the Agency Board hereby finds that the Los Gatos Redevelopment Agency's contribution to the cost of the public improvements will assist in eliminating blighting conditions in the Project Area,and is consistent with the Implementation Plan. BE IT FURTHER RESOLVED,that the Agency Board hereby directs staff that any changes or impacts resulting from the meet and confer process,management compensation plan adjustments, including position and classification plans,or any miscellaneous corrections due to additional Agency Board consensus direction received June 6,2005 or more refined estimates be incorporated within the final published FY 2005/06 Operating Budget. PASSED AND ADOPTED at a regular meeting of the Redevelopment Agency of the Town of Los Gatos held the 6th day of June,2004,by the following vote: REDEVELOPMENT AGENCY MEMBERS: AYES: NAYS: ABSENT: ABSTAIN: SIGNED: CHAIR OF THE REDEVELOPMENT AGENCY TOWN OF LOS GATOS,CALIFORNIA ATTEST: SECRETARY OF THE REDEVELOPMENT AGENCY TOWN OF LOS GATOS,CALIFORNIA