Attachment 1 - June 7 Council Staff Report and ResolutionsPREPARED BY: Stephen Conway
Finance Director
Reviewed by: Town Manager, Assistant Town Manager, and Town Attorney,
110 E. Main Street Los Gatos, CA 95030 ● (408) 354-6832
www.losgatosca.gov
TOWN OF LOS GATOS
COUNCIL AGENDA REPORT
MEETING DATE: 06/07/2022
ITEM NO: 11
DATE: June 2, 2022
TO: Mayor and Town Council
FROM: Laurel Prevetti, Town Manager
SUBJECT: Operating and Capital Budgets
a.Adopt a Resolution Approving the Town of Los Gatos Fiscal Year (FY)
2022/23 Operating Budget and FY 2022/23 – 2026/27 Capital
Improvement Program (CIP), New Appropriations, Additional Council
Actions on May 17, 2022 and Revisions Related to Salary and Benefit
Costs as Presented in the Labor Agreements Agenda Reports on June 7,
2022; American Rescue Plan Act Budget Adjustment, Minor Corrections,
and Carry-Forward Appropriations
b.Adopt a Resolution Approving Commitment of Fund Balances under
GASB 54.
c.Approve FY 2021/22 Budget Adjustments:
1)Major Revenue Adjustments to Match Year-End Estimated Revenues
as Directed by the Town Council on May 17, 2022; and as Determined
from Updated Information
i.Property Tax revenue Increase in the Amount of $582,609,
ii.Sales Tax Revenue Increase in the Amount of $428,828 ($361,806
in regular Sales Tax and $67,022 in Measure G Sales Tax)
iii.Business License Tax Revenue Increase in the Amount of
$175,000,
iv.Transient Occupancy Tax Increases in the Amount of $75,000, and
v.Recognize $36,308 General Fund Salary Reimbursement for
Capital Improvement Staff Work.
2)Expenditure Increases to Reflect Past Actions:
i.In the Amount of $300,000 to expense the $300,000 available
General Fund Pension/OPEB Reserve to the CEPPT Trust.
ii.In the Amount of $36,308 General Fund Salary Reimbursement
for Capital Improvement Staff Work.
3)Approve American Rescue Plan Act Budget Adjustments.
ATTACHMENT 1
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SUBJECT: Operating and Capital Budgets
DATE: June 2, 2022
RECOMMENDATION:
Operating and Capital Budgets
a. Adopt a Resolution Approving the Town of Los Gatos Fiscal Year (FY) 2022/23 Operating
Budget and FY 2022/23 – 2026/27 Capital Improvement Program (CIP), New
Appropriations, additional Council Actions on May 17,2022 and Revisions Related to
Salary and Benefit Costs as Presented in the Labor Agreements Agenda Reports on June
7, 2022, American Rescue Plan Act (ARPA) Budget Adjustments, Minor Corrections, and
Carry-Forward Appropriations
b. Adopt a Resolution Approving Commitment of Fund Balances under GASB 54.
c. Approve FY 2021/22 Budget Adjustments:
1) Major Revenue Adjustments to Match Year-End Estimated Revenues as Directed by the
Town Council on May 17, 2022; and as Determined from Updated Information
i. Property Tax revenue Increase in the Amount of $582,609,
ii. Sales Tax Revenue Increase in the Amount of $428,828 ($361,806 in regular Sales
Tax and $67,022 in Measure G Sales Tax)
iii. Business License Tax Revenue Increase in the Amount of $175,000,
iv. Transient Occupancy Tax Increases in the Amount of 75,000, and
v. Recognize $36,308 General Fund Salary Reimbursement for Capital Improvement
Staff Work.
2) Expenditure Increases to Reflect Past Actions:
i. In the Amount of $300,000 to expense the $300,000 available General Fund
Pension/OPEB Reserve to the CEPPT Trust.
ii. In the Amount of $36,308 General Fund Salary Reimbursement for Capital
Improvement Staff Work.
3) Approve American Rescue Plan Act (ARPA) Budget Adjustments
BACKGROUND:
On April 18, 2022, the Proposed FY 2022/23 Operating and Capital Budgets were posted to the
Town’s website. Per Measure A, the Finance Commission received the Proposed Budgets 21
business days before May 17, 2022, which is the first meeting at which the Proposed Budgets
will be considered by the Town Council. The Finance Commission held three public meetings at
which Commissioners discussed the Proposed Budgets and provided recommendations to the
Town Council per Measures A and G. On May 17, 2022, the Town Council conducted public
hearings to discuss the proposed FY 2022/23 Operating and Capital Summary Budget and
Proposed FY 2022/23 – 2026/27 Capital Improvement Program. The Town Council considered
public testimony, discussed both documents, considered the Finance Commission
recommendations, and directed staff to bring back the documents for final approval
incorporating the Council recommendations.
PAGE 3 OF 4
SUBJECT: Operating and Capital Budgets
DATE: June 2, 2022
DISCUSSION:
The draft resolution (Attachment 1) incorporates the budget direction provided by the Council
at the May 17, 2022 budget hearing and the expenditure adjustments associated with labor
agreements and corresponding revenue adjustments. Since the adoption of the Proposed
Operating Budget on May 17, 2022, the Town successfully completed negotiations with all
bargaining units. In order to facilitate the terms of those agreements the Resolution provides
additional funding in the amount of $902,579 from the OPEB 115 Trust to fund retiree pay go
medical payments directly and allocating the remaining residual Measure G balance of
$679,433 previously allocated to the General Fund.
In addition, Attachment 3 illustrates budget adjustments related to the necessary American
Rescue Plan Act (ARPA) and General Fund revenue and expense adjustments and recaps the
total ARPA grant award of $7,229,744 and the Council directed uses approved or proposed
through June 7, 2022. Upon Treasury’s release of the simplified reporting process for entities
awarded less than $10 million in ARPA funding and additional guidance received through staff
review of federal compliance issues, staff recommends that the Town recognize the $3.4M of
FY 2021/22 and the anticipated $3.6M FY 2022/23 cash collections of ARPA revenues as
qualified revenue loss under the Treasury provisions for use in providing essential government
services. To further aid in compliance with federal uniform guidance and Single Audit
requirements, staff is intending to claim the lost revenue for use in providing essential
government services and eligible public safety payroll costs for both FY 2021/22 and FY
2022/23.
This recommended action will allocate all ARPA “replacement” revenues to the General Fund
which in turn will unencumber other General Fund operating revenues which were previously
dedicated for public safety costs. The newly unencumbered General Fund revenues can then
be allocated to the ARPA pandemic responses as identified, approved and allocated by Town
Council in Attachment 3.
Attachment 2 contains the resolution to formally move General Fund balances based on the
Town Council General Fund Reserve Policy and additional Council direction consistent with
General Accounting Standards Board (GASB) 54.
CONCLUSION:
Staff recommends approval of FY 2021/22 budget adjustments, adoption of a Resolution
approving the Town of Los Gatos Fiscal Year (FY) 2022/23 Operating Budget and FY 2022/23 –
2026/27 Capital Improvement Program (CIP), approve American Rescue Plan Act Budget
Adjustments for FY 201/22 and 2022/23, and adoption of a Resolution approving commitment
of Fund Balances under GASB 54.
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SUBJECT: Operating and Capital Budgets
DATE: June 2, 2022
COORDINATION:
The preparation of the budget documents involved the participation of all Town Departments.
FISCAL IMPACT:
The fiscal impact is presented in summary form in the Financial Summaries chapter of the
Proposed Operating and Capital Budget for FY 2022/23.
ENVIRONMENTAL ASSESSMENT:
This is not a project defined under CEQA, and no further action is required.
Attachments:
1. Resolution of the Town Council Approving FY 2022/23 Operating Budget and FY 2022/23 –
2026/27 Capital Improvement Program (with Exhibit A)
2. Resolution of the Town Council of the Town of Los Gatos Approving Commitments of Fund
Balance under GASB 54
3. ARPA Worksheet
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Resolution 2022- June 7, 2022
DRAFT RESOLUTION 2022-
RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF LOS GATOS
APPROVING THE FISCAL YEAR (FY) 2022/23 OPERATING BUDGET AND FY 2022/23 –
2026/27 CAPITAL BUDGET; NEW APPROPRIATIONS; OTHER ADJUSTMENTS;
AMERICAN RESCUE PLAN ACT RECOGNITION; EMPLOYEE COMPENSATION ITEMS
CONSIDERED ON JUNE 7, 2022; MINOR CORRECTIONS; AND CARRY-FORWARD
APPROPRIATIONS
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 submitted to the Town Council and Finance
Commission a Proposed Operating Budget for FY 2022/23 on April 18, 2022; and
WHEREAS, the Town Manager submitted to the Town Council and Finance
Commission a Proposed Five-Year Capital Improvement Program for FY 2022/23 – 2026/27 on
April 18, 2022; and
WHEREAS, the Town Council conducted a noticed public hearing on the Proposed
Operating Budget and Capital Improvement Program on May 17, 2022; and
WHEREAS, per Measure A, the Town Council has considered and reviewed the
Finance Commission written recommendations to the Town Council on the said proposed
Budget and Capital Improvement Program during the public hearing on May 17, 2022; and
WHEREAS, per Measures G and A, the Town Council has considered and reviewed
the Finance Commission written recommendations to the Town Council regarding the potential
allocation of Measure G proceeds during its public hearing on May 17, 2022; and
WHEREAS, the Town Council previously allocated residual unallocated Measure G
revenues for budget balancing and $679,443 will be used to balance the FY 2022/23 budget;
and
ATTACHMENT 1
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Resolution 2022- June 7, 2022
WHEREAS, the Town Council has determined the use of Measure G proceeds in the
remainder of the forecast (FY 2022/23 - FY 2026/27) to be 50% for operating expenditures and
50% for capital purposes; and
WHEREAS, the estimated FY 2022/23 business license tax revenue increased by
$100,000 based on current trends; and
WHEREAS, the Town Council has determined that to further balance the budget,
the Town should reimburse $902,579 from available Other Post-Employment Benefits (OPEB)
115 Trust assets for retiree pay-as-you go expenses in FY 2022/23.
WHEREAS, the Town Council has determined the use of American Rescue Plan Act
(ARPA) for FY 2021/22 and FY 2022/23 as illustrated in Exhibit B entitled “ARPA Worksheet”
including the allocation of $2.9 Million in ARPA proceeds for capital purposes; and
WHEREAS, the Town Council has determined that a portion of the proceeds of the
ARPA up to the amount of $1,645,281 will be used for Revenue Replacement and balancing the
FY 2022/23 budget; and
WHEREAS, on June 7, 2022, Town Council considered and reviewed the proposed
Budget and Capital Improvement Program making final determinations.
NOW, THEREFORE, BE IT RESOLVED: that the Town Council hereby adopts as the
Operating Budget for the Town of Los Gatos for the 2022/23 fiscal year as depicted in Exhibit A
entitled “Total Town Revenues and Expenditures by Fund” including the first year (FY 2022/23)
of the Town’s Capital Improvement Program budget as contained in the Town’s FY 2022/23 –
2026/27 Capital Improvement Program.
BE IT FURTHER RESOLVED, that the final adopted Budget documents include minor
corrections and approved appropriations for unspent prior year allocations, and that they be
carried forward from prior years in a Reserve for Encumbrances whereby within each fund
there is an amount sufficient to cover approved outstanding encumbrances as of June 30, 2022.
PASSED AND ADOPTED at a regular meeting of the Town Council of the Town of
Los Gatos, California, held on the 7th day of June, 2021 by the following vote:
COUNCIL MEMBERS:
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Resolution 2022- June 7, 2022
AYES:
NAYS:
ABSENT:
ABSTAIN:
SIGNED:
MAYOR OF THE TOWN OF LOS GATOS
LOS GATOS, CALIFORNIA
DATE: __________________
ATTEST:
TOWN CLERK OF THE TOWN OF LOS GATOS
LOS GATOS, CALIFORNIA
DATE: __________________
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Resolution 2022- June 7, 2022
TOTAL TOWN REVENUES AND EXPENDITURES BY FUND
EXHIBIT A
2022/23 Estimated 2022/23
Proposed Budget Recommended
Budget Revision Budget
REVENUES
General Fund 48,378,548$ 1,626,919$ (1)50,005,467$
Special Revenue Funds 1,775,576 - 1,775,576
Internal Service Funds 4,125,957 - 4,125,957
Capital Project Funds (does not include carryforwards)12,753,575 2,900,000 (2)15,653,575
Successor Agency Funds 3,799,926 - 3,799,926
TOTAL REVENUES 70,833,582$ 4,526,919$ 75,360,501$
OTHER FUNDING SOURCES
Designated One-Time Use of General Fund Reserves 2,350,000 679,443$ 3,029,443 (3)
TOTAL TOWN REVENUES & OTHER FUNDING SOURCES 73,183,582$ 5,206,362$ 78,389,944$
TOTAL TOWN EXPENDITURES, TRANSFERS OUT & CARRYFORWARD APPROPRIATION
General Fund 50,338,548$ 2,306,362$ (4)52,644,910$
Special Revenue Funds 1,705,178 12,246 (4)1,717,424
Internal Service Funds 6,427,499 - 6,427,499
Capital Project Funds (does not include carryforwards)13,081,287 2,900,000 (2)15,981,287
Successor Agency Funds 3,799,752 125 (4)3,799,877
TOTAL TOWN EXPENDITURE & OTHER FUNDING USES 75,352,264$ 5,218,733$ 80,570,997$
GENERAL FUND SOURCE(USE) OF FUND BALANCES 390,000$ 390,000$
OTHER FUNDS SOURCE(USE) OF FUND BALANCES (2,558,682) (2,571,053) (5)
TOTAL SOURCE(USE) OF FUND BALANCES (2,168,682)$ (12,371)$ (2,181,053)$
(1) Additional General Fund Revenues
$902,579 OPEB Trust Reimbursement for Retiree Medical
$624,340 Additional ARPA Proceeds for Revenue Replacement
$100,000 Additional Business License Tax
(2) Additional Transfer to Capital Projects (GFAR)
$2,900,000 General Fund Reimbursement Revenues (ARPA)
(3) Designated One-Time Use of the General Fund Reserves during FY 2022/23
$2,350,000 - Transfer to Capital Projects (GFAR)
$679,443 - Measure G Residual for Operation
(4) General fund Expenditures
$2,318,733 - Increases to Negotioated Salary Increases
(5) Other Funds Source (Use) represents planned one-time uses of Internal Service Funds, Special Revenue
Funds, Trust Funds, and Capital Project Funds primary for infrastructure and equipment investment.
Numbers may differ between exhibits due to rounding.
FY 2020/21 FY 2021/22 FY 2022/23 GRAND
BUDGET ADJ.
ACTUALS ACTUAL/ESTIMATED ESTIMATED TOTAL
ARPA FUNDS REVENUE RECOGNIZED 200,911$ 3,413,961$ 3,614,872$ 7,229,744$
GOV SERVICES (WAIVERS,CUP&ADA,DIRECT GRANTS)200,911 200,911
REVENUE LOSS -GOV SERVICES (PUBLIC SAFETY)3,413,961 3,614,872 7,028,833
200,911$ 3,413,961$ 3,614,872$ 7,229,744$
GENERAL FUND ARPA REPLACEMENT REVENUES AVAILABLE 200,911 3,413,961 3,614,872 7,229,744
LESS APPROVED USES TO BE BUDGETED:
PARKLETS (DOWNTOWN IMPVTS PROJECT)680,000 250,000 930,000
RENT WAIVERS 121,255 341,452 283,756 746,463
CUP/ADA FEE WAIVERS 19,656 27,672 27,672 75,000
DESTINATION MARKETING 55,000 55,000
K-RAILS (DOWNTOWN IMPVTS PROJECT)68,000 68,000
PROMENADES 80,000 120,000 200,000
DIRECT GRANTS 60,000 50,000 110,000
ENHANCED SENIOR SERVICES 500,000 500,000
CAPITAL IMPROVEMENT PROGRAM SUPPORT TRANSFERS 2,900,000 2,900,000
REQUIRED FOR GF BALANCING OF OPERATING REV_EXP - 1,645,281 1,645,281
TOTAL ALLOCATIONS OF GENERAL FUND ARPA REPLACEMENT REVENUES 200,911$ 1,802,124$ 5,226,709$ 7,229,744$
GENERAL FUND ARPA REPLACEMENT REVENUE UNCOMMITTED -$ 1,611,837$ (1,611,837)$ -$
AMERICAN RESCUE PLAN ACT (ARPA) SUMMARY WORKSHEET
EXHIBIT B
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Resolution 2022- June 2, 2022
RESOLUTION 2022-
RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF LOS GATOS
APPROVING COMMITMENTS OF FUND BALANCE UNDER GASB 54
WHEREAS, the Governmental Accounting Standards Board (GASB) has issued its
Statement No. 54, Fund Balance and Governmental Fund Type Definitions with the intent of
improving financial reporting by providing fund balance categories that will be more easily
understood and to improve the comparability of governmental fund financial statements; and
WHEREAS, GASB 54 provides that the Town Council of the Town of Los Gatos classify
governmental fund balances as restricted, assigned, or committed fund balances; and
WHEREAS GASB 54 provides that restricted reserves are funds that are restricted for
externally imposed constraints such as legal contracts or state law, assigned amounts are
constrained by the Town’s intent to use them for specific purposes, and committed amounts are
dedicated for specific purposes under constraints and formal action taken by the Town Council
and these committed amounts cannot be used for any other purposes unless the Town Council
of the Town of Los Gatos removes or changes the specific use through the same formal action to
establish the commitment; and
WHEREAS, there exists a Restricted General Fund Pension Reserve in the form of an
IRS 115 Pension Trust; and
WHEREAS, there exists a balance of $690,000 as of June 30, 2022 in the restricted
Pension Reserve; and
WHEREAS, the Town Council of the Town of Los Gatos has established a General
Fund Reserve Policy providing for minimum fund balance dollar target amounts for Budget
Stabilization and Catastrophic Reserve fund balances and outlines policies and procedures for
use and restoration of these balances; and
WHEREAS, there exists an assigned General Fund Compensated Absences Reserve
allocated to fund 50% of all vested hours of sick leave, compensation, and vacation time with the
actual reserve amount to be determined at the close of FY 2021/22; and
ATTACHMENT 2
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Resolution 2022- June 2, 2022
WHEREAS, there exists an assigned Capital/Special Projects Reserve to fund key
infrastructure and capital/special projects as identified in the Town’s five-year Capital
Improvement Plan, and/or other Council priorities; and
WHEREAS, there exists an assigned authorized Carry Forward Reserve for materials
and services on approved purchase order and contracts which were issued but not finalized or
fulfilled as of the end of the fiscal year but for which funds will be carried forward to the following
fiscal year. Actual reserve balance will be established at the close of FY 2021/22; and
WHEREAS, in June 2016, the Town Council established the committed Pension/OPEB
Reserve to provide funding toward pension and Other Post-Employment Benefits (OPEB)
unfunded obligations by placing discretionary amounts to the reserve with formal Council action
and transferring available year-end surpluses based on the General Fund Reserve Policy; and
WHEREAS, on November 6, 2018, the Town Council provided direction to establish
an unassigned Surplus Property Revenue General Fund Reserve that any monies received from
the sale of the property located on Winchester Boulevard and any monies received from the sale
of future surplus property be placed in this reserve, and the provisions for the reserve specifically
indicate that Council may, at its discretion, distribute those funds as it deems appropriate; and
WHEREAS, The Town Council established the assigned Sustainability Reserve in FY
2008/09 by closing the Solid Waste Management fund and placing the initial residual balance
dedicated for conservation, recycling, and sustainability; and
WHEREAS, there exists an excess balance of $140,553 as of June 30, 2022 in the
assigned Sustainability Reserve; and
WHEREAS, there exists an assigned Market Fluctuation Reserve that represent
fund balance amounts for unrealized investment gains that have been recorded as investment
income in the financial statements in accordance with the requirements of GASB 31 in the
amount of $438,333, actual reserve balance will be established at the close of FY 2021/22; and
WHEREAS, there exists an assigned Measure G 2018 District Sales Tax Reserve to
track receipt and use of the 1/8 cent district tax funds collected by the Town; and
WHEREAS, the Town Council has determined the use of Measure G accumulated
and future proceeds to be 50% for operating expenditures and 50% for capital purposes; and
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Resolution 2022- June 2, 2022
WHEREAS, the residual balance of $679,443 that was set aside for operating
purposes in FY 2020/21 and/or FY 2021/22 should be used for operating expenses in FY 2022/23;
and
WHEREAS, the $2,350,000 transfer from the Capital/Special Project Reserve to the
General Fund Appropriated Reserve provides funding to the five-year capital plan; and
WHEREAS, $2,900,000 of ARPA General Fund Reimbursement Revenue will
transfer from the Capital/Special Project Reserve provides funding for capital project; and
WHEREAS, the Town Council established the assigned Open Space reserve in the
FY 1998/99 to be used for the preservation of open space, connection of open space trails, the
definition of the southern boundary of the Town with passive open space, and protection of
unique natural features; and
WHEREAS, there exists an excess balance of $410,000 as of June 30, 2022 in the
assigned Open Space Reserve; and
WHEREAS, there exists a need for an assigned General Fund Reimbursement
Revenue (ARPA) Reserve to collect the anticipated General Fund ARPA reimbursement proceeds
less Council authorized use of these proceeds for pandemic response including economic
recovery and business support, enhanced senior services, capital program augmentations, and
other one-time uses, the estimated balance of which at June 30, 2022 balance is $1,611,837, with
the actual reserve balance being determined at the close of the FY 2021/22 fiscal year; and
WHEREAS, the General Fund Reimbursement Revenue (ARPA) Reserve is now
established.
NOW, THEREFORE, THE TOWN COUNCIL OF THE TOWN OF LOS GATOS DOES
HEREBY RESOLVE that the following estimated Pension, Budget Stabilization, Catastrophic,
Pension/OPEB, Capital/Special Projects, Compensated Absences; Measure G District Sales Tax,
Surplus Property Revenue, Market Fluctuations, Sustainability, Open Space, and ARPA Reserves
as of June 30, 2022 and as of June 30, 2023 as restricted, assigned, unassigned or formally
committed as follows:
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Resolution 2022- June 2, 2022
PASSED AND ADOPTED at a regular meeting of the Town Council of the Town of
Los Gatos held on the 7th day of June 2022 by the following vote:
COUNCIL MEMBERS:
AYES:
NAYS:
ABSENT:
ABSTAIN:
SIGNED:
MAYOR OF THE TOWN OF LOS GATOS
LOS GATOS, CALIFORNIA
DATE: __________________
ATTEST:
TOWN CLERK OF THE TOWN OF LOS GATOS
LOS GATOS, CALIFORNIA
DATE: __________________
Actual
General Fund
Reserves
June 30, 2021
FY 2021/22
Budget, GF
Reserve Policy,
and this
Resolution
Approved
Increase
FY 2021/22
Budget, GF
Reserve
Policy, and
this
Resolution
Approved
(Decrease)
Estimated
General Fund
Reserves
June 30, 2022
FY 2022/23
Budget
Resolution
Approved
Increase
FY 2022/23
Budget
Resolution
Approved
(Decrease)
Estimated
General Fund
Reserves
June 30, 2023
Restricted Fund Balances
Pension -$ 690,000$ -$ 690,000$ 390,000$ -$ 1,080,000$
Committed Fund Balances -
Budget Stabilization 5,460,485 531,081$ - 5,991,566 - - 5,991,566
Catastrophic 5,460,485 531,081 - 5,991,566 - - 5,991,566
Pension/OPEB 300,000 - (300,000) - - -
Assigned Fund Balances - -
Capital/Special Projects 6,965,356 329,258 (1,612,162) 5,682,452 - (2,350,000) 3,332,452
Compensated Absences 1,649,917 - - 1,649,917 - 1,649,917
Open Space 410,000 - - 410,000 - - 410,000
Sustainability 140,553 - - 140,553 - - 140,553
Market Fluctuations 438,333 - - 438,333 - - 438,333
Measure G District Sale Tax 1,730,490 - (1,051,047) 679,443 - (679,443) -
Carryover Encumbrances - - - - - - -
Surplus Property Revenue Reserve 1,200,000 - (1,200,000) - - - -
GF Reimbursement Revenue (ARPA)- 1,611,837 - 1,611,837 - - 1,611,837
Rehab Loan Reserve (Nonspendable) 159,000 - - 159,000 - - 159,000
FY 2020/21 FY 2021/22 FY 2022/23 GRAND
BUDGET ADJ.
ACTUALS ACTUAL/ESTIMATED ESTIMATED TOTAL
ARPA FUNDS REVENUE RECOGNIZED 200,911$ 3,413,961$ 3,614,872$ 7,229,744$
GOV SERVICES (WAIVERS,CUP&ADA,DIRECT GRANTS)200,911 200,911
REVENUE LOSS -GOV SERVICES (PUBLIC SAFETY)3,413,961 3,614,872 7,028,833
200,911$ 3,413,961$ 3,614,872$ 7,229,744$
GENERAL FUND ARPA REPLACEMENT REVENUES AVAILABLE 200,911 3,413,961 3,614,872 7,229,744
LESS APPROVED USES TO BE BUDGETED:
PARKLETS (DOWNTOWN IMPVTS PROJECT)680,000 250,000 930,000
RENT WAIVERS 121,255 341,452 283,756 746,463
CUP/ADA FEE WAIVERS 19,656 27,672 27,672 75,000
DESTINATION MARKETING 55,000 55,000
K-RAILS (DOWNTOWN IMPVTS PROJECT)68,000 68,000
PROMENADES 80,000 120,000 200,000
DIRECT GRANTS 60,000 50,000 110,000
ENHANCED SENIOR SERVICES 500,000 500,000
CAPITAL IMPROVEMENT PROGRAM SUPPORT TRANSFERS 2,900,000 2,900,000
REQUIRED FOR GF BALANCING OF OPERATING REV_EXP - 1,645,281 1,645,281
TOTAL ALLOCATIONS OF GENERAL FUND ARPA REPLACEMENT REVENUES 200,911$ 1,802,124$ 5,226,709$ 7,229,744$
GENERAL FUND ARPA REPLACEMENT REVENUE UNCOMMITTED -$ 1,611,837$ (1,611,837)$ -$
AMERICAN RESCUE PLAN ACT (ARPA) SUMMARY WORKSHEET
ATTACHMENT 3
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