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Page 2 of 3 <br />As can be seen in the attached exhibits, the proposed General Fund net increase to <br />expenditure and transfers out is driven primarily by a $2.2M transfer out to the self- <br />insurance fund to maintain funding at the 80% confidence level for the City’s workers’ <br />compensation liability, as was directed by the City Council during the June 8, 2015 <br />Budget Study Session. In addition, there are increased appropriations due to costs <br />associated with Fire Department operational overtime, an increased need for <br />professional services for community engagement, increased demand for legal services, <br />and the need for additional building and fire plan check and counter services. <br /> <br />Also included in the proposed budget revisions are the following transfers: <br />· $150,000 developer contribution to the Community Benefits Fund. <br />· $793,128 transfer to the Community Benefits Fund of land sale proceeds. <br />· $1,000,000 transfer to the Human Services Financial Assistance Fund of land <br />sale proceeds. <br /> <br />As these transfers are being proposed to set aside funds for specific programs, it is <br />recommended that the City Council commit the fund balance of the following funds for <br />the following purposes: <br />· Community Benefits Fund – community benefits <br />· Human Services Financial Assistance Fund – Human services financial <br />assistance <br /> <br />In addition to the above fund balance commitments, it is recommended that the City <br />Council also commit the fund balance of the Housing In-lieu Fees and Other Revenues <br />Fund for housing purposes. <br />ALTERNATIVES <br />Council could elect not to approve any or all of these recommended adjustments. The <br />impacts would vary depending upon the circumstances surrounding each specific item. <br />FISCAL IMPACT <br />The net change in fund balance for each fund is shown in the Analysis Section of this <br />report. Sufficient resources are available within the unassigned fund balance in the <br />respective funds or will be made available through grants or increased revenues that <br />will be received this fiscal year to support these recommended appropriations. <br />ENVIRONMENTAL REVIEW <br />This activity is not a project under CEQA as defined in CEQA Guidelines, section <br />15378, because it has no potential for resulting in either a direct or foreseeable physical <br />change in the environment. <br /> <br /> <br />7.3.B. - Page 2