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HomeMy WebLinkAboutStaff Report 4.A 06/20/2011It "v # 4.A �ALU -185 DATE: June 20, 2011 TO: Honorable Mayor and Members of the City Council through City Manager FROM: Susan Mahoney, Interim Finance Director SUBJECT: Adoption of Resolution Providing Temporary Appropriations of $50 Million Dollars to Allow for Normal City Operations Beginning July 1, 2011, and Resolution Providing Temporary. Appropriations of $20 Million Dollars to Allow for Normal Operations of the Petaluma Community Development Corporation Beginning July 1, 2011. RECOMMENDATION It is recommended that the City Council and Petaluma Community Development Commission (PCDC), respectively, adopt resolutions providing temporary funding to allow for City and PCDC normal operations beginning July 1, 2011. BACKGROUND The City Charter requires that an annual budget be prepared and submitted to the City Council and by fund, department and debt repayment, and adopted by June 30 of each year. The PCDC also adopts an annual budget with a fiscal year end of June. 30 A resolution is required to adopt the City and PCDC budgets. In addition, an ordinance for each City fund type is required to appropriate funds for City expenditures. The City Charter also allows that: "... Before the annual appropriations ordinance has been passed, the Council may make temporary appropriations for current department expenses, chargeable to the appropriations of the year when passed, to [sic] an amount sufficient to cover the necessary expenses of the various departments, until the annual appropriation is in force. No other liabilities shall be incurred by any officer or employee .of the city except in accordance with the provisions of the annual appropriations ordinance, or under continuing contracts and loans .authorized under the provisions of this Charter." Council has, in the past, adopted temporary funding appropriations when the unanimous vote to adopt appropriations ordinances did not occur and those ordinances would not take effect until after the beginning of a' fiscal year. The Council has also at least once, in 2008, adopted temporary spending resolutions intended to provide staff with additional time to present a balanced annual budget. Agenda Review: Dept. Director City Attorney Finance Director City Manager In January, 2011 the City Council received a five -year financial forecast for the General Fund. The forecast predicted a shortfall of $2.26 million in FY 2011/12 which, if left uncorrected, increased to a deficit of $14.1 million in FY 2014/15. That forecast was revised in February, as part of the mid -year review, to take into account adjustments based on the completion of the City's annual audit and on updated sales tax estimates. The revised forecast projects a 2011/12 deficit of $2.291 million, which increases to approximately $15.14 million through FY 2014/15. Council was advised that correcting for an amount equal to the projected deficits for 2011 /12 and 2012/13, $3.6 million, appears sufficient. to eliminate deficits throughout the forecast period. Staff recommended that Council establish a $4 million target, to be reduced in developing the 2011/12 budget, which would eliminate deficits for the duration of the forecast period and provide an ending reserve of at least $400,000 in the General fund. Council approved that recommendation, as well as means of achieving those reductions, including: • Offering one final round of the PERS two -year service credit program • Maintaining existing vacancies in frozen and unfunded status • Bargaining elimination of employee salary step advancements • Bargaining elimination of administrative leave payouts for management and mid - management employees • Bargaining continuation of cost of living adjustment deferrals for AFSCME- represented employees • Bargaining extended furloughs. This option was not recommended due to implementation issues, but was included if needed as a means of achieving concession- based reductions. • Bargaining increased employee share of health care premiums. • Bargaining salary reductions; and • Implementing layoffs to reach the totals necessary to balance. Although cost savings during the forecast period are expected to be negligible, Council also asked staff to negotiate a second tier for PERS benefits for future hires. DISCUSSION As Council is aware, approximately 80 percent of General Fund costs support Salaries and Benefits, and that reducing the projected deficit by $4 million requires that the majority of savings be taken from Salaries and Benefits. This represents not only a significantchallenge from the standpoint of negotiating concessions with represented employees, eliminating positions, or a combination of the two; it also impacts budget development. General fund salaries and benefits are a key component of the budget, not only as they related to that fund, but as they relate to budgets and funds throughout the City and PCDC budgets. Earlier in the budget process this year, positions were targeted for lay -off. The number of positions targeted for lay -off was arrived at by backing into the amount needed to offset a $4 million reduction, after accounting for,revenue and funding allocation adjustments, anticipated golden handshakes, frozen vacancies, and concession sought from the Firefighters Association which is subject to different MOU requirements than other bargaining units. Discussions with bargaining units were initiated earlier this year, with negotiations commencing in early May. Negotiations are ongoing but will not be completed by June 30th of this year. In the meanwhile, effort is being made to reduce the size of the lay -off list by evaluating proposals that would create the savings necessary to balance the budget with fewer lay -offs, in the event concessions are not obtained from the bargaining units. Until all this work is completed, and certainty regarding salaries and benefits is achieved, an accurate budget cannot be built and presented to the Council. In order to continue normal operations of the City and the PCDC, resolutions providing temporary funding are required for each. These funding allocations are consistent with the previously quoted section of the Charter, and are based upon FY 2010 -11 appropriations as revised by year -end budget adjustments approved by Council on June 6, 2011. It is therefore recommended that the City Council approve a temporary spending plan allocating $50 million to provide funding for normal City operations beginning July 1, 2011 and a temporary spending plan approving $20 million for PCDC operations beginning July 1, 2011, and continuing until the completed budget resolutions and expenditure appropriations are adopted. It is difficult to predict when negotiations will be completed, although our discussions with the bargaining groups do not suggest that bargaining will be protracted. Nor will the analysis necessary to cost various proposals require protracted amounts of time. It appears reasonable to believe that, if Council is available to meet more than once in that month, that a budget can be presented, and hearings conducted, in August, 2011. FINANCIAL IMPACTS The temporary appropriations resolutions will allow the City to continue operations after June 30, 2011. If not adopted, neither the City nor the PCDC will have spending authorization beginning July 1, 2011. ATTACHMENTS 1. Resolution Providing Temporary Appropriations of $50 Million Dollars for Operations to Allow for Normal City Operations Beginning July 1, 2011 2. Resolution Providing Temporary Appropriations of $20 Million Dollars to Allow for Normal Operations of the Petaluma Community Development Commission Beginning July 1, 2011 ATTACHMENT 1 RESOLUTION PROVIDING TEMPORARY APPROPRIA'T'IONS OF $50 MILLION DOLLARS TO ALLOW FOR NORMAL CITY OPERATIONS BEGINNING JULY 1, 2011 WHEREAS, Section 60 of the Petaluma City Charter provides that before. the annual appropriations ordinance has been passed, the Council may make temporary appropriations for the current department expenses, chargeable to the appropriations of'the year when passed, in an amount sufficient to cover the necessary expenses of the various departments, until the annual appropriations is in force; and, WHEREAS, the City Manager and the Finance Director have determined that $50,000,000 is sufficient to cover the necessary expenses of the various departments and maintain the operations of the City beginning July 1, 2011 or until the annual appropriations ordinance has been passed. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Petaluma, that temporary appropriations of $50,000,000 for current department expenses are hereby authorized to cover the necessary expenses of the various departments and maintain the operations of the City beginning July 1, 2011 until the annual appropriations ordinance is in force. RESOLUTION'TROVIDING TEMPORARY APPROPRIATIONS OF $20 MILLION DOLLARS TO ALLOW'FOR NORMAL OPERATIONS OF THE PETALUMA COMMUNITY DEVELOPMENT OF THE: PETALUMA COMMUNITY DEVELOPMENT COMMISSION CORPORATION BEGINNING JULY 1, 2011 WHEREAS after public hearing, the Petaluma Community Development Commission (PCD'C) adopts an annual budget for its 'fiscal year, which begins July P of each year; and WHEREAS, a key component to the budget "is the cost for'sfaff salaries and benefits; :and WHEREAS, negotiations with the City's various labor .groups. are currently under way and it isuanticipated that the negotiations will not be completed by June 30 of this' year; and ,,. WHEREAS, the .PCDC may make temporary appropriations for current expenses chargeable to the adopted budget�for the year when. passed, in an.amount sufficient to cover the necessary expenses of the PCDC, until the annual budget is in force; and WHEREAS, the Executi ve Director and the Finance Director have determined that $20 million is sufficient to cover the. necessary expenses, and maintain the operations of the PCDC beginning July 1, 2011 until the annual' PCDC budget'i s adopted. NOW, THEREFORE, BE. IT RESOLVED by the - Petaluma Community Development Commission that temporary 'appropriations of $20 million. is hereby authorized to maintain the operations of the, PCDC beginning July 1,, 2011 until the annual budget is adopted.. 1655458.1