Recommendation to receive and file the Fiscal Year 2015 Year-End Budget Performance Report, and increase appropriations in several funds across several departments for various purposes to reflect final expenditures and carryover clean-up.  (Citywide)
Well, Mr. Good, he wants to Skype into the meetings is what he's working to. We're now moving on to the next item. Please report from Financial Management Recommendation to receive and file the fiscal year 2015 year end budget performance report and increase appropriations in several funds across several departments for various purposes to reflect financial expenditures and carryover cleanups citywide. Is there somebody born in this place? Yes, there is. Leah Erickson, our deputy finance director. Good evening. Good evening, Mayor and city council. This is the urine performance report prep by 15 for the period ending September 30th, 2015. It reports that our performance for the fiscal year 15 and also includes a few technical adjustments for the year. Generally, the report is good news. Citywide urine spending came in under budgeted appropriation for the general fund and for all other funds. After factoring in into technical adjustments in the general fund, department spending was under budget due to some 14 and 15 fiscal year budgeted one times that could not be spent by year end due to the timing of projects being extended and savings for most departments, including the police departments, plan savings that has already been included in the budget to cover a portion of the Academy class scheduled to begin in April of 16. On the revenue side of the general fund, revenues did exceed estimates primarily due to some one time revenues, including revenue from the realignment of funds from a ground lease at the park. State reimbursements for mandate related costs incurred prior to 2014 or 2004, and reimbursements for wildland fire deployments. In addition, there were structural revenue growth in areas such as property tax, transit occupancy, tax, electricity related revenues and business license tax, among others, which has been factored in the projection shown in November or ever. Overall, the general fund had a 4.2 million surplus and there was also a surplus of approximately 900,000 in the Uplands Oil Fund in accordance with City Council policy. The city manager is proposing that 5% of those surpluses in both the general fund and uplands be set aside for unfunded liabilities. The city manager has also proposed setting aside funds for conducting two police academies in 16 and funding for a police department police department pilot program for additional helicopter flight hours, and also setting aside the savings from the legislative and city auditor's departments. After the recommended use of funds available, the remaining ending funds available for the general fund is approximately $1 million. This provides the ability to cover the election cost of any potential city wide revenue measure that may be put on the ballot for June. Lastly, there are some technical adjustments for appropriation increases offset by revenue and budget reallocations in Parking and Business Area Improvement Fund and the Community Development Grants Fund. This concludes the staff report and I'm available for any questions you may have. Thank you, Councilman Rich. Thank you, Leah. Mr. West, thank you so much for for presenting this. Let me just take a look at this again. So I think it's fantastic that we're making these investments because we have saved this money and congratulations and great work on saving this money in the last fiscal year. I think it's important to note, and I think this is a is prudent that we're maintaining this 5% policy on unfunded liabilities. In terms of the I see we have extra hours on our police helicopter into academies. I think that's certainly in line with the theme that we've had tonight. I think setting aside funding for these other purposes and and in terms of the election is good. So I guess my question would be, after those are set aside, we make those allocations. Are there was there anything left over that the city council can allocate, let's say, on a divided by nine basis to make. Councilmember Richardson there is at ending funds available projected of about $500,000 in the general fund, which we do recommend as a minimum funds available, especially since oil prices are or were closely monitoring oil prices this year. So at this point, we are not recommending allocating any of that those funds available. Help me understand that. So there's $500,000 left over and you're saying we're going to put it in a reserve or what are you saying we do with that? Council member we're using we're just keeping that unspent in case there are problems with oil revenues that happened later. Oh, okay. I get it. I'm good with that. Thank you. Councilman Mongo. Thank you, John and Leah. Excellent presentation and well-written document. I think that maintaining our prudent fiscal practices is warranted, and I hope the Council will be supportive of maintaining that. Thank you. Thank you. Any public comment on this item? St Andrews cast your votes. Councilman Andrews motion carries.