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2018 01 13 CC Community Workshop Sp Mtg
/s/ Linda Evans /s/ Susan Maysels . HAND OUTS COMMUNITY WORKSHOP CITY COUNCIL SPECIAL MEETING JANUARY 13, 2018 DRAFT AGENDA City of La Quinta City Council 2018 Workshop January 13, 2016; 11:30 — 4:30pm "This Is How We Do It" Location: Wellness Center (Seated at tables — spread council members, Directors and staff to different tables) 11:30 —12:15 Lunch / Sign In 12:15 —12:25 Call to Order / Roll Call / Pledge / Year 5 / What is Sacred? Mayor Evans - Purpose of Workshop / Public Comment 12:25 —12:40 Agenda / Introductions: Name, Role, Years Living in LQ C. Henson, et al 12:40 —1:00 What would you like to get out this session today? C. Henson, et al (if <50 attendees, will capture with introduction; if >50 will discuss at table and have 2 per table report out) 1:00 —1:20 Status for FY17-18 Priorities Executive Team 1:20 —1:35 BREAK 1:35 —1:40 Introduce Dean Peterson Council Member Radi 1:40 — 2:10 Keynote - Public Participation Dean Peterson 2:10 — 2:30 Q & A Dean Peterson & Exec Team 2:30 — 2:45 BREAK 2:45-2:55 Financial Overview F. Spevacek & K. Campos • 5 & 10 -year Revenue & Expenditure Picture 2:55 — 3:20 BIG ROCK Investments — FY18-19 Executive Team & Managers • Clarifying Questions on Each BIG ROCK • Additional Items? -3:20 — 3:35 Additional BIG ROCKS? Table Discussion • Guiding Principles of Measure G • What is Sacred about City of La Quinta ■ Discuss Additional Item(s) 3:35 — 3:50 Present Back Additional BIG ROCKS Each Table, as needed Add items to board for voting • Voting Instructions - dots 3:50-4:00 BREAK & Vote on BIG ROCK Items C. Henson, et al 4:00 —4:05 Summary - Prioritized Categories F. Spevacek 4:05 —4:20 Appreciate and/or Learned Today All Attendees 4:20 — 4:30 Final Comments (IPAD Stands / Sign in Sheet) Mayor & Council Members 4:30 Adjourn Mayor Evans �pajdopa aq SPafoAd puo SWDAboad `saDnaas 1ioAa6 0�PaIDDIlITap Spun) iio yl!/VX (paJDWIJsa) /�iionuuo sAoiiop uoipiiiW q XIS 6ulSloa `JgbISAano uazll!:) of 1:)af ns `xDI asn uo (SaIDS) SuoIIDOSUDJI %I luauDwAad o 6umas IC `a t Q �.i jo filiionb puo sanion � lAadoad 6ulnaaSaad `SWDjboad uolIoaAaaatsIjods `SaolnaaS aoluaSt Ino�C `sassauisn q q 6u!PDA Ir) swr)j6oid !ioaIuoD oo uo 6uidoDS uo d � P i�P P i sl8ails slAod so inns spafoad:uol�Da�.oad aDiiod Aoj �ii000i pasn aq of `a o1 �.ouuoD aIDIS 944 u:)igm `anuanaa 6upinoad auupao u 11 liuS 9 3anSV3W MEASURE G Shall an ordinance providing revenue which the State cannot take, to be used local! for police y protection; projects such as parks, streets landscaping and flood control;p rograms attracting businesses; youth/senior services; sports/recreation programs; preserving property values and quality of life, by setting a permanent 1% transactions sales and use tax, subject to citizen oversight, raisin six g � g million dollars annually (estimated), with all funds dedicated to general city servicesro rams and projects be adopted? p g Big Rock Projects mostImportant frfi rrarfk- M i nor Importance Total Police & Fire Services Inrease Fund 15 4 0 19 Unpaved Off Street Parking @ Top of the Cove (Tecate) 12 6 1 19 Washington & Lake La Quinta Dr. Drainage Improvements 9 6 0 15 North La Quinta Parkways (accelerated conversion) 9 2 0 11 Washington & Avenue 50 Drainage Improvements 6 0 3 9 Eisenhower Drive Drainage Improvements 0 6 2 g Fritz Burns Pool Refurbishment 3 2 2 7 Amphitheater (Civis Center or Village Area) 3 4 0 7 Expanded Code Compliance 6 0 0 6 Village Drainage Improvements 0 6 0 6 Economic Development Investments Village/ HWY 111 3 0 2 5 New Corporate Facility Yard 0 4 0 4 Indoor Sports Complex 0 0 4 4 Park Improvement Program 3 0 1 4 Bike & Pedestrian Connection to CV Link 0 4 0 4 Pool Complex (North La Quinta) 0 2 1 3 HWY 111 Park Refurbishment (non -Auto Center) 0 2 0 2 Expanded Community Marketing Activities 0 2 0 2 X Park - La Quinta Skate Park (operations) 0 0 1 1 HWY 111 Corridor Median Refurbishment 0 0 1 1 Nhutral Convention Center (Multi -use Facility) 0 0 1 1 Replace City Entry Monuments 0 0 0 0 La Quinta Auto Center Parkway Refurbishment 0 0 1 0 0 Theater - Cultural Center 0 0 0 0 Community Center North La Quinta 0 0 0 0 Pickle Ball Courts 0 0 0 0 In-house Ad Agency 0 0 0 0 Electronic Version of the Gem 0 0 0 0 Legend Big Rocks from staff Additional fain Rocks from Residents Red pff�= 3 poim per dcvr Yellow Dot = 2 points per dot Green Dot= 1 point per dot City of La QuintaAs of January 9, 2018ActualGrowthAdjusted Budget2016/17 Projections 2017/18 2018/19 2019/20 2020/21 2021/22 2022/231. Cash ReceiptsSales Tax - Bradley Burns8,597,655$ 1% 8,776,100$ 8,863,861$ 8,952,500$ 9,042,025$ 9,132,445$ 9,223,769$ Property Tax 9,237,781 2% 8,579,100 8,750,682 8,925,696 9,104,210 9,286,294 9,472,020 Transient Occupancy Tax8,933,184 2% 8,516,900 8,687,238 8,860,983 9,038,202 9,218,966 9,403,346 Fire Service Property Tax 5,480,897 2% 6,726,000 6,860,520 6,997,730 7,137,685 7,280,439 7,426,047 Fire Property Tax Reserves138,680 281,438 432,650 592,709 762,027 Motor Vehicle In-Lieu3,813,213 2% 3,708,000 3,782,160 3,857,803 3,934,959 4,013,658 4,093,932 Other Revenue/Intergovernmental 1,190,129 1% 1,735,600 1,452,956 1,467,486 1,482,160 1,496,982 1,511,952 Franchise Fees1,725,851 1% 1,553,000 1,568,530 1,584,215 1,600,057 1,616,058 1,632,219 Charges for Services1,021,336 1% 1,258,200 1,270,782 1,283,490 1,296,325 1,309,288 1,322,381 Development Related Permits$759,969 1% 936,700 946,067 955,528 965,083 974,734 984,481 Document Transfer Tax$585,333 1% 531,000 536,310 541,673 547,090 552,561 558,086 Business Licenses/Permits$358,943 1% 321,000 324,210 327,452 330,727 334,034 337,374 Fines and Assessments$348,345 1% 246,000 248,460 250,945 253,454 255,989 258,548 SilverRock Resort Net Revenue 531,400 1,260,000 2,500,000 2,960,000 2. Total Revenue $ 42,052,635 $ 42,887,600 $ 43,430,456 $ 44,818,337 $ 46,424,627 $ 48,564,157 $ 49,946,182 3. Cash Paid OutPolice Services Contract 14,417,358 10% 15,879,100 17,467,010 19,213,711 21,135,082 23,248,590 25,573,449 Fire Service Contract 5,643,880 4% 6,730,000 6,999,200 7,279,168 7,570,335 7,873,148 8,188,074 Salaries (Full-Time Employees)4,989,399 3% 5,527,700 5,693,531 5,864,337 6,040,267 6,221,475 6,408,119 Maintenance & Operations 4,029,463 2% 4,613,700 4,037,774 4,118,529 4,200,900 4,284,918 4,370,616 Other Contract Services3,821,091 2% 3,206,000 3,270,120 3,335,522 3,402,233 3,470,278 3,539,683 Capital Expenses 3,937,135 1,567,000 1,552,000 1,552,000 1,552,000 1,552,000 1,552,000 Employee Medical Insurance Costs880,980 3% 1,373,300 1,414,499 1,456,934 1,500,642 1,545,661 1,592,031 Transfers Out 1,372,300 1,219,500 1,219,500 819,500 1,219,500 1,219,500 1,219,500 Other Personnel Costs618,674 2% 896,100 914,022 932,302 950,948 969,967 989,367 PERS Unfunded Pension Liability 454,756 592,784 711,814 866,600 986,100 1,138,800 1,272,600 PERS Normal Payroll Costs348,821 2% 363,816 371,092 378,514 386,084 393,806 401,682 Salaries (Part-Time/Temporary)143,123 2% 340,400 347,208 354,152 361,235 368,460 375,829 1996 Bond Debt Service 678,100 671,400 668,200 4. Total Operational Expenses $ 41,335,079 $ 42,980,800 $ 44,665,970 $ 46,171,271 $ 49,305,327 $ 52,286,604 $ 55,482,951 5. Yearly Operating Cash Position(2 minus 4) 717,556 (93,200) (1,235,514) (1,352,933) (2,880,700) (3,722,447) (5,536,770)6. Measure G Revenue (95% of Sales Tax Bradley Burns)1,462,650 8,000,000 8,420,668 8,504,875 8,589,923 8,675,823 8,762,581 7. Cash Position After Measure G(5 plus 6)2,180,206$ 7,906,800$ 7,185,154$ 7,151,941$ 5,709,223$ 4,953,375$ 3,225,811$ 8. Measure G UsesPolice Services Contract - 100,000 Capital Expenses990,873 4,969,464 3,731,561 3,859,103 3,764,599 Measure G Reserves471,777 330,500 Public Safety Fund300,000 9. Total Measure G Uses1,462,650$ 5,699,964$ 3,731,561$ 3,859,103$ 3,764,599$ -$ -$ 10. Cash Position After Measure G Uses(7 minus 9)717,556 2,206,836 3,453,593 3,292,838 1,944,624 4,953,375 3,225,811 11. RDA Loan RepaymentRepayment based on Last & Final ROPS1,826,881 2,441,620 2,490,453 2,540,262 2,591,066 2,642,888 2,695,746 12. Cash Position After RDA Repayment(10 plus 11)$2,544,437 $4,648,456 $5,944,046 $5,833,100 $4,535,690 $7,596,263 $5,921,557GENERAL FUND FINANCIAL PROJECTIONSOPERATING BUDGETMEASURE G SALES TAX BUDGETRDA LOAN City of La QuintaAs of January 10, 2018ActualGrowthAdjusted Budget2018/19 to 2027/282016/17 Projections 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28TOTAL1. Cash ReceiptsSales Tax - Bradley Burns8,597,655$ 1% 8,776,100$ 8,863,861$ 8,952,500$ 9,042,025$ 9,132,445$ 9,223,769$ 9,316,007$ 9,409,167$ 9,503,259$ 9,598,291$ 9,694,274$ 92,735,598$ Property Tax 9,237,781 2% 8,579,100 8,750,682 8,925,696 9,104,210 9,286,294 9,472,020 9,661,460 9,854,689 10,051,783 10,252,819 10,457,875 95,817,526 Transient Occupancy Tax8,933,184 2% 8,516,900 8,687,238 8,860,983 9,038,202 9,218,966 9,403,346 9,591,413 9,783,241 9,978,906 10,178,484 10,382,054 95,122,832 Fire Service Property Tax ᵃ5,480,897 2% 6,726,000 6,860,520 6,997,730 7,137,685 7,280,439 7,426,047 7,574,568 7,726,060 7,880,581 8,038,193 8,198,956 75,120,780 Fire Property Tax Reserves138,680 281,438 432,650 592,709 762,027 941,029 1,130,161 1,329,889 1,540,696 1,763,088 8,912,365 Motor Vehicle In-Lieu3,813,213 2% 3,708,000 3,782,160 3,857,803 3,934,959 4,013,658 4,093,932 4,175,810 4,259,326 4,344,513 4,431,403 4,520,031 41,413,597 Other Revenue/Intergovernmental ᵇ1,190,129 1% 1,735,600 1,452,956 1,467,486 1,482,160 1,496,982 1,511,952 1,527,071 1,542,342 1,557,765 1,573,343 1,589,077 15,201,134 Franchise Fees1,725,851 1% 1,553,000 1,568,530 1,584,215 1,600,057 1,616,058 1,632,219 1,648,541 1,665,026 1,681,676 1,698,493 1,715,478 16,410,294 Charges for Services1,021,336 1% 1,258,200 1,270,782 1,283,490 1,296,325 1,309,288 1,322,381 1,335,605 1,348,961 1,362,450 1,376,075 1,389,836 13,295,191 Development Related Permits759,969 1% 936,700 946,067 955,528 965,083 974,734 984,481 994,326 1,004,269 1,014,312 1,024,455 1,034,700 9,897,954 Document Transfer Tax585,333 1% 531,000 536,310 541,673 547,090 552,561 558,086 563,667 569,304 574,997 580,747 586,554 5,610,989 Business Licenses/Permits358,943 1% 321,000 324,210 327,452 330,727 334,034 337,374 340,748 344,155 347,597 351,073 354,584 3,391,954 Fines and Assessments348,345 1% 246,000 248,460 250,945 253,454 255,989 258,548 261,134 263,745 266,383 269,047 271,737 2,599,441 SilverRock Resort Net Revenue ᶜ531,400 1,260,000 2,500,000 2,960,000 2,842,000 3,222,000 3,540,000 3,575,400 3,611,154 24,041,954 2. Total Revenue $42,052,635 $42,887,600 $43,430,456 $44,818,337 $46,424,627 $48,564,157 $49,946,182 $50,773,379 $52,122,447 $53,434,111 $54,488,518 $55,569,397 $499,571,6113. Cash Paid OutPolice Services Contract ᵈ14,417,358 10% 15,879,100 17,467,010 19,213,711 21,135,082 23,248,590 25,573,449 28,130,794 30,943,874 34,038,261 37,442,087 41,186,296 278,379,155 Fire Service Contract ᵈ5,643,880 4% 6,730,000 6,999,200 7,279,168 7,570,335 7,873,148 8,188,074 8,515,597 8,856,221 9,210,470 9,578,888 9,962,044 84,033,145 Salaries (Full-Time Employees)4,989,399 3% 5,527,700 5,693,531 5,864,337 6,040,267 6,221,475 6,408,119 6,600,363 6,798,374 7,002,325 7,212,395 7,428,767 65,269,952 Maintenance & Operations ᵉ4,029,463 2% 4,613,700 4,037,774 4,118,529 4,200,900 4,284,918 4,370,616 4,458,029 4,547,189 4,638,133 4,730,896 4,825,514 44,212,499 Other Contract Services3,821,091 2% 3,206,000 3,270,120 3,335,522 3,402,233 3,470,278 3,539,683 3,610,477 3,682,686 3,756,340 3,831,467 3,908,096 35,806,902 Capital Expenses ᶠ3,937,135 1,567,000 1,552,000 1,552,000 1,552,000 1,552,000 1,552,000 1,552,000 1,552,000 1,552,000 1,552,000 1,552,000 15,520,000 Employee Medical Insurance Costs880,980 3% 1,373,300 1,414,499 1,456,934 1,500,642 1,545,661 1,592,031 1,639,792 1,688,986 1,739,655 1,791,845 1,845,600 16,215,646 Transfers Out ᶢ1,372,300 1,219,500 1,219,500 819,500 1,219,500 1,219,500 1,219,500 1,219,500 1,219,500 1,219,500 1,219,500 1,219,500 11,795,000 Other Personnel Costs618,674 2% 896,100 914,022 932,302 950,948 969,967 989,367 1,009,154 1,029,337 1,049,924 1,070,922 1,092,341 10,008,286 PERS Unfunded Pension Liability ͪ454,756 592,784 711,814 866,600 986,100 1,138,800 1,272,600 1,348,200 1,348,248 1,375,213 1,402,717 1,430,772 11,881,064 PERS Normal Payroll Costs348,821 2% 363,816 371,092 378,514 386,084 393,806 401,682 409,716 417,910 426,268 434,794 443,490 4,063,357 Salaries (Part-Time/Temporary)143,123 2% 340,400 347,208 354,152 361,235 368,460 375,829 383,346 391,013 398,833 406,810 414,946 3,801,831 1996 Bond Debt Service 678,100 671,400 668,200 668,200 4. Total Operational Expenses$41,335,079 $42,980,800 $44,665,970 $46,171,271 $49,305,327 $52,286,604 $55,482,951 $58,876,967 $62,475,338 $66,406,922 $70,674,321 $75,309,365 $581,655,0365. Yearly Operating Cash Position(2 minus 4) 717,556 (93,200) (1,235,514) (1,352,933) (2,880,700) (3,722,447) (5,536,770) (8,103,589) (10,352,890) (12,972,811) (16,185,803) (19,739,967) (82,083,425)6. Measure G Sales Tax Revenue (95% of Sales Tax Bradley Burns)1,462,650 8,000,000 8,420,668 8,504,875 8,589,923 8,675,823 8,762,581 8,850,207 8,938,709 9,028,096 9,118,377 9,209,561 88,098,818 7. Cash Position After Measure G(5 plus 6)$2,180,206 7,906,800$ 7,185,154$ 7,151,941$ 5,709,223$ 4,953,375$ 3,225,811$ 746,618$ (1,414,182)$ (3,944,716)$ (7,067,426)$ (10,530,407)$ 6,015,393$ 8. Measure G UsesPolice Services Contract ᶜ100,000 - Capital Expenses990,873 4,969,464 3,731,561 3,859,103 3,764,599 11,355,263 Measure G Reserves471,777 330,500 - Public Safety Fund300,000 - 9. Total Measure G Uses1,462,650$ 5,699,964$ 3,731,561$ 3,859,103$ 3,764,599$ -$ -$ -$ -$ -$ -$ -$ 11,355,263$ 10. Cash Position After Measure G Uses(7 minus 9)717,556 2,206,836 3,453,593 3,292,838 1,944,624 4,953,375 3,225,811 746,618 (1,414,182) (3,944,716) (7,067,426) (10,530,407) (5,339,870) 11. RDA Loan RepaymentRepayment based on Last & Final ROPS1,826,881 2,441,620 2,490,453 2,540,262 2,591,066 2,642,888 2,695,746 2,749,661 2,804,654 2,860,747 2,917,962 2,976,321 27,269,760 12. Cash Position After RDA Repayment(10 plus 11)2,544,437$ 4,648,456$ 5,944,046$ 5,833,100$ 4,535,690$ 7,596,263$ 5,921,557$ 3,496,279$ 1,390,472$ (1,083,969)$ (4,149,464)$ (7,554,086)$ 21,929,889$ OPERATING BUDGET NOTES:a - Fire Property Tax Reserve account balance as of June 30, 2017 is $9,371,699. These funds are held in trust by the County of Riverside and restricted for fire services. b - Intergovernmental revenue will experience a decrease of $300,000 in 18/19 due one-time revenue in 17/18 and lower administrative reimbursements from Redevelopment dissolution resulting from an approved last and final repayment schedule. c - SilverRock Resort Net Revenue includes revenue derived from sales tax, property tax, transient occupancy tax and development fees. d - Police and Fire services are provided by the County of Riverside and subject to the County's annual budget for services. e - Maintenance and operations includes utilities and internal services charges. f - Capital expenses for 16/17 included the Eisenhower Drive retention basin land purchase. Ongoing projections include minimum capital funding for street and sidewalk improvements required to secure Measure A and Gas Tax funding. g - Transfers Out support the Gas Tax Fund for street improvements, the Landscape and Lighting District, and SilverRock golf course. A decrease in 19/20 is anticipated due to the scheduled disposition of SilverRock. h - PERS unfunded pension liability projections are based on CalPERS actuarial valuations as of June 30, 2016. GENERAL FUND FINANCIAL PROJECTIONSOPERATING BUDGETMEASURE G SALES TAX BUDGETRDA LOANThe Adjusted Budget for 17/18 includes anticipated mid-year changes. Revenue projections are based on current economic conditions and historical trends. All assumptions include positive growth with no economic downturns. Expenditure projections are based on current operations, regulatory requirements, and anticipated increases. Measure G Uses Include:FY 16/17 Approved Uses:Eisenhower Dr. retention basin, Calle Tampico drainage improvementsFY 17/18 Approved Uses:Citywide drainage improvements, Village road diet, N. LQ landscape improvements, police servicesFY 18/19 Proposed Uses:Citywide drainage improvements, N. LQ landscape improvementsFY 19/20 & 20/21 Proposed Uses:N. LQ landscape improvements, corporate yard facilityRDA loan repayments end in 29/30. Additional revenue totals $5,784,105. City of La QuintaAs of January 10, 2018ActualGrowthAdjusted Budget18/19 to 27/282016/17 Projections 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28TOTAL1. Cash ReceiptsSales Tax - Bradley Burns8,597,655$ 1% 8,776,100$ 8,863,861$ 8,952,500$ 9,042,025$ 9,132,445$ 9,223,769$ 9,316,007$ 9,409,167$ 9,503,259$ 9,598,291$ 9,694,274$ 92,735,598$ Property Tax 9,237,781 2% 8,579,100 8,750,682 8,925,696 9,104,210 9,286,294 9,472,020 9,661,460 9,854,689 10,051,783 10,252,819 10,457,875 95,817,526 Transient Occupancy Tax8,933,184 2% 8,516,900 8,687,238 8,860,983 9,038,202 9,218,966 9,403,346 9,591,413 9,783,241 9,978,906 10,178,484 10,382,054 95,122,832 Fire Service Property Tax ᵃ5,480,897 2% 6,726,000 6,860,520 6,997,730 7,137,685 7,280,439 7,426,047 7,574,568 7,726,060 7,880,581 8,038,193 8,198,956 75,120,780 Fire Property Tax Reserves138,680 281,438 432,650 592,709 762,027 941,029 1,130,161 1,329,889 1,540,696 1,763,088 8,912,365 Motor Vehicle In-Lieu3,813,213 2% 3,708,000 3,782,160 3,857,803 3,934,959 4,013,658 4,093,932 4,175,810 4,259,326 4,344,513 4,431,403 4,520,031 41,413,597 Other Revenue/Intergovernmental ᵇ1,190,129 1% 1,735,600 1,452,956 1,467,486 1,482,160 1,496,982 1,511,952 1,527,071 1,542,342 1,557,765 1,573,343 1,589,077 15,201,134 Franchise Fees1,725,851 1% 1,553,000 1,568,530 1,584,215 1,600,057 1,616,058 1,632,219 1,648,541 1,665,026 1,681,676 1,698,493 1,715,478 16,410,294 Charges for Services1,021,336 1% 1,258,200 1,270,782 1,283,490 1,296,325 1,309,288 1,322,381 1,335,605 1,348,961 1,362,450 1,376,075 1,389,836 13,295,191 Development Related Permits759,969 1% 936,700 946,067 955,528 965,083 974,734 984,481 994,326 1,004,269 1,014,312 1,024,455 1,034,700 9,897,954 Document Transfer Tax585,333 1% 531,000 536,310 541,673 547,090 552,561 558,086 563,667 569,304 574,997 580,747 586,554 5,610,989 Business Licenses/Permits358,943 1% 321,000 324,210 327,452 330,727 334,034 337,374 340,748 344,155 347,597 351,073 354,584 3,391,954 Fines and Assessments348,345 1% 246,000 248,460 250,945 253,454 255,989 258,548 261,134 263,745 266,383 269,047 271,737 2,599,441 SilverRock Resort Net Revenue ᶜ531,400 1,260,000 2,500,000 2,960,000 2,842,000 3,222,000 3,540,000 3,575,400 3,611,154 24,041,954 2. Total Revenue $42,052,635 $42,887,600 $43,430,456 $44,818,337 $46,424,627 $48,564,157 $49,946,182 $50,773,379 $52,122,447 $53,434,111 $54,488,518 $55,569,397 $499,571,6113. Cash Paid OutPolice Services Contract ᵈ14,417,358 8% 15,879,100 17,149,428 18,521,382 20,003,093 21,603,340 23,331,607 25,198,136 27,213,987 29,391,106 31,742,394 34,281,786 248,436,260 Fire Service Contract ᵈ5,643,880 4% 6,730,000 6,999,200 7,279,168 7,570,335 7,873,148 8,188,074 8,515,597 8,856,221 9,210,470 9,578,888 9,962,044 84,033,145 Salaries (Full-Time Employees)4,989,399 3% 5,527,700 5,693,531 5,864,337 6,040,267 6,221,475 6,408,119 6,600,363 6,798,374 7,002,325 7,212,395 7,428,767 65,269,952 Maintenance & Operations ᵉ4,029,463 2% 4,613,700 4,037,774 4,118,529 4,200,900 4,284,918 4,370,616 4,458,029 4,547,189 4,638,133 4,730,896 4,825,514 44,212,499 Other Contract Services3,821,091 2% 3,206,000 3,270,120 3,335,522 3,402,233 3,470,278 3,539,683 3,610,477 3,682,686 3,756,340 3,831,467 3,908,096 35,806,902 Capital Expenses ᶠ3,937,135 1,567,000 1,552,000 1,552,000 1,552,000 1,552,000 1,552,000 1,552,000 1,552,000 1,552,000 1,552,000 1,552,000 15,520,000 Employee Medical Insurance Costs880,980 3% 1,373,300 1,414,499 1,456,934 1,500,642 1,545,661 1,592,031 1,639,792 1,688,986 1,739,655 1,791,845 1,845,600 16,215,646 Transfers Out ᶢ1,372,300 1,219,500 1,219,500 819,500 1,219,500 1,219,500 1,219,500 1,219,500 1,219,500 1,219,500 1,219,500 1,219,500 11,795,000 Other Personnel Costs618,674 2% 896,100 914,022 932,302 950,948 969,967 989,367 1,009,154 1,029,337 1,049,924 1,070,922 1,092,341 10,008,286 PERS Unfunded Pension Liability ͪ454,756 592,784 711,814 866,600 986,100 1,138,800 1,272,600 1,348,200 1,348,248 1,375,213 1,402,717 1,430,772 11,881,064 PERS Normal Payroll Costs348,821 2% 363,816 371,092 378,514 386,084 393,806 401,682 409,716 417,910 426,268 434,794 443,490 4,063,357 Salaries (Part-Time/Temporary)143,123 2% 340,400 347,208 354,152 361,235 368,460 375,829 383,346 391,013 398,833 406,810 414,946 3,801,831 1996 Bond Debt Service 678,100 671,400 668,200 668,200 4. Total Operational Expenses$41,335,079 $42,980,800 $44,348,388 $45,478,942 $48,173,338 $50,641,354 $53,241,110 $55,944,309 $58,745,451 $61,759,767 $64,974,628 $68,404,855 $551,712,1415. Yearly Operating Cash Position(2 minus 4) 717,556 (93,200) (917,932) (660,604) (1,748,711) (2,077,197) (3,294,928) (5,170,930) (6,623,004) (8,325,656) (10,486,110) (12,835,457) (52,140,530)6. Measure G Sales Tax Revenue (95% of Sales Tax Bradley Burns)1,462,650 8,000,000 8,420,668 8,504,875 8,589,923 8,675,823 8,762,581 8,850,207 8,938,709 9,028,096 9,118,377 9,209,561 88,098,818 7. Cash Position After Measure G(5 plus 6)$2,180,206 7,906,800$ 7,502,736$ 7,844,270$ 6,841,212$ 6,598,625$ 5,467,653$ 3,679,276$ 2,315,705$ 702,440$ (1,367,733)$ (3,625,897)$ 35,958,288$ 8. Measure G UsesPolice Services Contract ᶜ100,000 - Capital Expenses990,873 4,969,464 3,731,561 3,859,103 3,764,599 11,355,263 Measure G Reserves471,777 330,500 - Public Safety Fund300,000 - 9. Total Measure G Uses1,462,650$ 5,699,964$ 3,731,561$ 3,859,103$ 3,764,599$ -$ -$ -$ -$ -$ -$ -$ 11,355,263$ 10. Cash Position After Measure G Uses(7 minus 9)717,556 2,206,836 3,771,175 3,985,167 3,076,613 6,598,625 5,467,653 3,679,276 2,315,705 702,440 (1,367,733) (3,625,897) 24,603,025 11. RDA Loan RepaymentRepayment based on Last & Final ROPS1,826,881 2,441,620 2,490,453 2,540,262 2,591,066 2,642,888 2,695,746 2,749,661 2,804,654 2,860,747 2,917,962 2,976,321 27,269,760 12. Cash Position After RDA Repayment(10 plus 11)2,544,437$ 4,648,456$ 6,261,628$ 6,525,429$ 5,667,679$ 9,241,513$ 8,163,399$ 6,428,937$ 5,120,359$ 3,563,187$ 1,550,229$ (649,576)$ 51,872,784$ OPERATING BUDGET NOTES:a - Fire Property Tax Reserve account balance as of June 30, 2017 is $9,371,699. These funds are held in trust by the County of Riverside and restricted for fire services. b - Intergovernmental revenue will experience a decrease of $300,000 in 18/19 due one-time revenue in 17/18 and lower administrative reimbursements from Redevelopment dissolution resulting from an approved last and final repayment schedule. c - SilverRock Resort Net Revenue includes revenue derived from sales tax, property tax, transient occupancy tax and development fees. d - Police and Fire services are provided by the County of Riverside and subject to the County's annual budget for services. e - Maintenance and operations includes utilities and internal services charges. f - Capital expenses for 16/17 included the Eisenhower Drive retention basin land purchase. Ongoing projections include minimum capital funding for street and sidewalk improvements required to secure Measure A and Gas Tax funding. g - Transfers Out support the Gas Tax Fund for street improvements, the Landscape and Lighting District, and SilverRock golf course. A decrease in 19/20 is anticipated due to the scheduled disposition of SilverRock. h - PERS unfunded pension liability projections are based on CalPERS actuarial valuations as of June 30, 2016. GENERAL FUND FINANCIAL PROJECTIONSOPERATING BUDGETThe Adjusted Budget for 17/18 includes anticipated mid-year changes. Revenue projections are based on current economic conditions and historical trends. All assumptions include positive growth with no economic downturns. Expenditure projections are based on current operations, regulatory requirements, and anticipated increases. Measure G Uses Include:FY 16/17 Approved Uses:Eisenhower Dr. retention basin, Calle Tampico drainage improvementsFY 17/18 Approved Uses:Citywide drainage improvements, Village road diet, N. LQ landscape improvements, police servicesFY 18/19 Proposed Uses:Citywide drainage improvements, N. LQ landscape improvementsFY 19/20 & 20/21 Proposed Uses:N. LQ landscape improvements, corporate yard facilityMEASURE G SALES TAX BUDGETRDA LOANRDA loan repayments end in 29/30. Additional revenue totals $5,784,105.