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6.F. - Page 5 of 10 <br />RECOMMENDED USE OF FY 2018-19 GENERAL FUND OPERATING BALANCE <br />Preliminary <br />Recommendation <br />Final Recommendation <br />June 2019 <br />December 2019 <br />Two years of policy development <br />consulting services to support the City <br />Council Governance Subcommittee <br />30,000 <br />30,000 <br />Arts Commission Grant program to <br />assist non -profits with offsetting event <br />fees <br />15,000 <br />15,000 <br />Two years of membership in National <br />League of Cities <br />7,500 <br />15,000 <br />Subtotal <br />$ 422,500 <br />$ 363,000 <br />Organizational Capacity and Efficiencies <br />Community Development and <br />Transportation —Add Principal Planner <br />and Senior Planner Positions <br />- <br />$ 500,000 <br />Community Development and <br />Transportation — consultant resources <br />for major land use initiatives <br />- <br />275,000 <br />Consulting resources to aid <br />departments in identifying process <br />improvements and efficiencies to <br />increase staff capacity <br />- <br />200,000 <br />Contribution to Technology Fund to <br />ensure funding for new tools <br />- <br />100,000 <br />Employee recruitment and retention <br />initiatives <br />- <br />100,000 <br />Coaching and employee development <br />- <br />100,000 <br />Subtotal <br />$ - <br />$ 1,275,000 <br />TOTAL $ 5,572,500 <br />$ 17,100,000 <br />The recommendations are described further below. <br />Pay Down Long -Term Liabilities — 80 Percent of Year -End Operating Balance <br />Consistent with the City Council's adoption of an 18 -year payoff timeframe for the City's pension liabilities, <br />staff recommends making a payment of $2.7 million directly to the California Public Employees' <br />Retirement System (CaIPERS) to help pay down the City's pension obligations. This payment is in addition <br />Page 5 of 9 <br />City of Redwood City 1017 Middlefield Road, Redwood City, CA. 94063 Tel: 650-780-7000 www.redwoodcity.ore <br />312 <br />