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9.A. - Page 6 of 17 Citywide communications to help residents across the City prepare for new transportation patterns around schools beginning in August 2019 Other efforts to support children and youth included in the Recommended Budget include: • Invest in parks and library infrastructure to expand Redwood City's spaces for children including Hoover Park Turf Project by August 2019, Magical Bridge Playground by December 2019, and temporary pop-up activities like Putt'n Around Mini -golf throughout the year • Support low income residents and vulnerable communities by completing an equity audit of Library policies and procedures by December 2019 • Launch new library programs and activities for seniors, veterans, LGBTQ+ residents, people of color, people with disabilities, and opportunity youth (those aged 16-24 who are not currently in school or employed), and work directly with these populations in the development of new programs and library collections that meet their needs by December 2019 • Install the Pirate Ship Imaginative Art Area for children and families at the Redwood Shores Branch Library by the end of 2019 • Advocate throughout 2019 for AB452, in collaboration with State leaders, which would create a "Child Care Facilities Grant Fund" • Create a new makerspace/technology lab for people of all ages at the Downtown Library by April 2020 • Explore a temporary pop-up teen center in the Downtown by spring of 2020 • Conduct a Teen Citizen Police Academy by June 2020 • Increase by 20 percent the Library's program offering wireless hot spots and mobile devices for home use by circulating 1200 devices by June 2020 • Conduct a Junior Fire Academy to support teen exposure to the fire service by June 2020 • Advance the conceptual plan for updating Roselli Garden as part of the Downtown Parks initiative by summer 2020 Recommended Use of FY 2018-19 Estimated Year -End Operating Balance At this time, staff anticipates a FY 2018-19 year-end operating balance of approximately $5.6 million. This is due both to underspending in operating departments, largely attributable to staff vacancies, and to stronger -than -projected property tax and transient occupancy tax (hotel tax) growth. On February 25, 2019, during the mid -year budget study session, the City Council approved a strategy to utilize approximately 80 percent of the City's estimated operating balance, or $4.2 million, towards paying down the City's pension liabilities (currently at $242 million), including the transfer of funds to the City's Section 115 pension and retiree health trust accounts, and to use approximately 20 percent of the operating balance, or $1.4 million, as one-time funding towards the City Council's priorities in the areas of housing, transportation, children and youth. Staff recommends allocating these funds as follows. The final amounts will be determined after the fiscal year-end close is completed in the fall. If the final amount exceeds the current estimate, staff recommends that any additional operating balance be used to fund pension liabilities. If the final amount is less than the current estimate, staff will provide a recommendation with the update provided to the City Council in the fall. Pay Down Long -Term Liabilities - $4.2 million City of Redwood City 1017 Middlefield Road, Redwood City, CA. 94063 Tel: 650-780-7000 www.redwoodcity.ore 638