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07-02-2018 - Budget Policy - Item No. 1.pdf( ( ( AGENDA ITEMNO. 1 --- AGENDA STAFF REPORT City of West Covina I Office of the City Manager DATE: July 2, 2018 TO: Mayor and City Council FROM: Chxis Freeland City Manager SUBJECT: BUDGET POLICY RECOMMENDATION: It is recommended that the City Council approve the attached Budget Policy. BACKGROUND: On May 6, 2014, the City Council dil'ected staff to pxepare a report that details the process and cost of a California State Controller's Office (SCO) audit of the City of West Covina (City). On June 3, 2014, the City Council directed staff to prepare and send a letter to the SCO requesting an audit of an agreed upon list of items to be examined by the SCO. On June 17, 2014, the City requested the SCO to conduct an audit of the City's internal control and fiscal management practices. The SCO reviewed the City's system of administrative and internal accounting controls for the period of July 1, 2011, through June 30, 2013. The SCO found wealmesses in the City's administrative and internal accounting controls system, resulting in numerous findings that should be addressed and corrected by the City. On September 23, 2015, staff reported to the City Council the City's responses to the SCO's findings. On June 11, 2018, the City Council directed staff to make changes to the Budget Policy to replace the word "should" to "shall or must" or similar language as appropriate. City Council can adopt the updated Budget Policy, or review the changes and provide alternative language. DISCUSSION: The City engaged the consultant services of Lance, Soll, and Lunghard to draft the administrative policies and procedures recommended to be done by the SCO fmdings. Several other recommended policies and procedures, namely, Cash Management, Revenue and Receivables, Budget Policy Page 2 of2 -July 2, 2018 Expenses and Payables, Payroll, Capital Asset Management, Debt Management, and Financial Reporting have been reviewed, revised as appropriate and approved by the Executive Staff team. These policies and procedures will be effective July 1, 2018. The Budget Policy is for City Council's consideration for approval. The objective of the Budget Policy is to establish a budget process that helps decision makers make infmmed choices about the provision of services and capital assets. The Budget Policy (Attachment No. 1) is to provide the most efficient and effective operations of preparing the budget. The Budget Policy covers four main principles: 1) Establish Broad Goals to Guide Government Decision Making 2) Develop Approaches to Achieve Goals 3) Develop a Budget Consistent with Approaches to Achieve Goals 4) Evaluate Performance and Make Adjustments The Budget Policy will serve as a guide for maintaining the City's reputation for fairness, transparency, and integrity of fiscal responsibility in preparation of the annual budget using proper checks and balances. OPTIONS: The City Council has the following options: 1) Approve Staffs recommendation; or 2) Provide alternative direction. FISCAL IMPACT: There is no fiscal impact. Prepared by: ~,~ J y R. ncaster =:consultant ATTACHMENTS: Attachment No. 1 -Budget Policy with mark-ups Attachment No. 2 -Budget Policy clean version ( ( City of West Covina Budget Policy July 2, 2018 ATTACHMENTN0.1 INTRODUCTION This document defines the policies and procedures for the budget for the City of West Covina. The procedures serve as a guide for maintaining the City's reputation for fairness and integrity of fiscal responsibility in preparation of the annual budget using proper checks and balances. The budget functions will be conducted using the highest ethical standards. The objective of the budget policy is to establish a budget process that helps decision makers make informed choices about the provision of services and capital assets and to promote stakeholder participation in the process. The term "stakeholder" refers to anyone affected by or has a stake in the City of West Covina. This term includes, but is not limited to: residents, customers, elected officials, management, employees and their representatives (such as unions or other agents), businesses, other governments, and the media. The use of "shall" is synonymous with will. Page2 of18 ( 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 ?,2 ) 24 25 26 27 28 29 30 31 32 33 34 ( POLICY PURPOSE Policy and procedures have been established in order to provide the most efficient and effective operations of preparing the budget. The budget process will cover four main Goals: 1. Establish Broad Goals to Guide City Decision Making • The City Council does shoola adopt broad goals on an annual basis that provide overall direction for the City and serve as a basis for decision making. 1. Assess community needs, priorities, challenges and opportunities. 11. Identify opportunities and challenges for City services, capital assets, and management. m. Develop and disseminate broad goals. 2. Develop Approaches to Achieve Goals • The City will utilize should have specific policies, plans, programs, and management strategies to define how it will achieve its long-term goals. 1. Adopt and review financial policies. 11. Develop programs, services, operating, and capital policies and plans. 111. Develop management strategies. 3. Develop a Budget Consistent with Approaches to Achieve Goals • A financial plan and budget that moves toward achievement of goals, within the constraints of available financial resources, is to should be prepared and adopted. i. Develop a process for preparing and adopting a budget. ii. Make choices necessary to adopt a budget. 4. Evaluate Performance and Make Adiustments • Programs and financial performance should will be continually evaluated, and adjustments made, to encourage progress toward achieving goals. i. Monitor, measure, and evaluate performance. ii. Make adjustments as needed. Page 3 of 18 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 1. Goal # 1 -Establish Broad Goals to Guide Citv Decision Making i. Assess Communitv Needs, Priorities, Challenges, and Opportunities A. Identify Stakeholder Priorities, Needs, and Concerns • The City Council meetings are an open forum providing opportunity to stakeholders to bring forth concerns, needs, and priorities. • Among other mechanisms that might be considered are special public hearings, surveys, meetings ofleading residents and resident interest groups, City strategic planning processes, meetings with City employees, and workshops involving City administrative staff and/or the City Council. B. Evaluate Community Condition, External Factors, Opportunities, and Challengesl • The City Council should will regularly collect and evaluate information about trends in community condition, the external factors affecting it, opportunities that may be available, and problems and issues that need to be addressed. • Some mechanisms will involve data gathering from preexisting sources or through opinion surveys. • Other mechanisms will be subjective, such as observing physical characteristics of geographic areas within the community or talking to residents, experts, business and community leaders, and legislative bodies. Formal studies of particular issues or trends may also be undertaken. • The frequency and extensiveness of the evaluation should be consistent with how frequently the information changes and the relative importance of the infmmation being gathered. ii. Identifv Opportunities and Challenges (or Citv Services, Capital Assets, and Management A. Assess Services and Programs, and Identify Issues, Opportunities, and Challenges • The City should shall inventory, identify, and assess the programs and services that it provides, their intended purpose, and factors that could affect their provision in the future. • Identify the changes in community conditions or other factors that may result in a program or service no longer addressing the needs it was intended to serve. Also, identify any changes in the operating environment that may affect the cost or effectiveness of service delivery in the future. • The review should will involve each department's assessment of the programs' purposes, beneficiaries and needs served, their success in achieving goals, and issues, challenges, and opportunities affecting their future provision. 1 The intent ofthls practice is for the City to have up-to-date info1mation with which to evaluate community conditions and major issues that are integral to the development and achievement of goals. In evaluating community condition, the City may want to consider local, regional, national, and global factors affecting the community (i.e. economic and financial factors, demographics, physical or enviromnental factors, changes in technology, etc.). Page 4 of18 ( 7 ,8 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 ( 1 , vO 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 1. i.<S2 • The inventory of programs and services should shall identify the organization responsible for service delivery if it is not the City itself. An evaluation of factors affecting service delivery should also be undertaken, such as funding issues; changes in technology; economic, demographic, or other factors that may affect demand; and legal or regulatory changes. These reviews will typically utilize a variety of information sources. • Stakeholder involvement in these reviews should be is encouraged, such as through budget study workshops. B. Assess Capital Assets, and Identify Issues, Oppo1tunities, and Challenges • The City should will identify and conduct an assessment of its capital assets, including the condition of the assets and factors that could affect the need for or ability to maintain the assets in the future. The capital assets of the City and their condition are critical to the quality of services provided, and hence are important in determining whether the needs and p1iorities of stakeholders can be met. • The City shall establish a process for inventorying its capital assets and assessing the need for and the condition of these assets. (See Capital Asset Management Policy) • The City should will assess and evaluate issues, challenges, and opp01tunities affecting the provision of capital assets in the future, such as community needs and priorities; the impact of deferred maintenance; funding issues; changes in technology; economic, demographic, or other factors that may affect demand; and legal or regulat01y changes. This review may be undertaken in conjunction with an evaluation of the program or service utilizing the particular assets. • The assessment of capital asset condition should must consider the impact of any deferred maintenance and needed improvements. Identification or development of measurement standards for the condition of capital assets (including what is regarded as acceptable) are a valuable output of this practice. C. Assess City Management Systems, and Identify Issues, Opportunities, and Challenges • The City should will identify and analyze its organization and management systems, including system strengths and wealmesses and factors that could affect these systems in the future. The support systems established to manage the City are integral to the achievement of goals. • The City should will inventory management systems by department and routinely identify, analyze, and address issues related to the City's organization and management systems and the environment in which these systems operate. • Each department should will include an examination of strengths and wealmesses of the organizational structure, interdepartmental communication and cooperation, communication of goals and directives, motivation of staff, conflict management, and provision of other internal needs and support systems. Page 5 of 18 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 • The review slJoold will also include an assessment of management policies, procedures, and systems that support achievement of goals. iii. Develop and Disseminate Broad Goals A. Identify Broad Goals • The City should is to identify broad goals based on its assessment of the community it serves and its operating environment. Broad goals define the priorities and preferred future state of the community or area served. They provide a basis for making resource allocation decisions during the budget process and serve as a focal point for assessing and coordinating various long- range or strategic plans. • Goals should are to be expressed in written form and should reflect stakeholder concerns, needs, and priorities as well as factors affecting the community and the City. • They must be sufficiently specific to help define the services to be emphasized and make difficult resource allocation decisions in the budgetprocess. • Define priorities among goals to improve their usefulness in allocating resources. B. Disseminate Goals and Review with Stakeholders • The City should shall disseminate broad goals and review them with stakeholders. Disseminating and reviewing goals helps foster participation, awareness, consensus, pride, and a sense of direction. • Dissemination may occur by conducting public forums and by publishing goals in key public documents, such as strategic and other planning documents and budget documents. Electronic media may also be used including the City website. Page 6 of 18 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 ! \ j 174 175 176 177 178 179 180 181 182 183 184 185 186 2.0 Goal # 2 -Develop Approaches to Achieve Goals i. Adopt and Review Financial Policies A. Develop Policy on Stabilization Funds • The City developed policies to guide the creation, maintenance, and use of resources for financial stabilization purposes. (See Fund Balance policy2). • The policy establishes how and when the City builds up stabilization funds and should will identify the purposes for which they may be used. B. Develop Policy on Fees and Chargesl • The City has established a master fee schedule that identifies the manner in which fees and charges are set and the extent to which they cover the cost of the service provided. • The fee schedules sheuld is-are to be evaluated annually in the budget process to review all fees and charges, the level of cost recovery for services and the reason for any subsidy, and the frequency with which cost-of-services studies will be undertaken. • Policies on fees and charges sheuld be are publicly available and summarized in materials used in budget preparation. C. Develop Policy on Debt Issuance and Management • The City has established a Debt Management Policy to guide the issuance and management of debt. Issuing debt commits the City's revenues several years into the future and may limit the City's flexibility to respond to changing service priorities, revenue inflows, or cost structures. Adherence to a debt policy helps ensure that debt is issued and managed prudently in order to maintain a sound fiscal position and protect credit quality. • Debt policies sheuld be made are available to the public and other stakeholders. Because these policies are essential to budget decision making, particularly capital budgets, they sheuld will be reviewed by decision malcers during the annual budget process and as an appendix in the budget document. 2 The Fund Balance Policy sheuld be is £H'e reviewed annually to assess the alignment with set goals established in the budget process. The City should evaluate reserves set in the fund balance policy. These funds may be used at the City's discretion to address temporary cashjlow shortages, emergencies, unanticipated economic downturns, and one-time opportunities. 3 Costs of service include direct and indirect costs such as operating and maintenance costs, overhead, and charges for use of capital. The City may choose not to recover all costs, but it should must identify such costs. Reasons/or not recoveringfull costs should will be identified and explained State and local law may govern the establishment of fees and charges. Page 7 of18 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 ii. 220 221 222 223 224 225 226 227 228 229 Debt Policy should will be reviewed for every debt issuance for compliance. • The City Council should formally adopt has a debt policy and compiles it with other financial policies. D. Evaluate the Use of Unpredictable Revenues • One-time or short-term revenues should will be identified clearly in the budget process. Unpredictable revenue sources cannot be relied on as to the level of revenue they will generate. • For each major unpredictable revenue source, the City should identifies those aspects of the revenue source that make the revenue unpredictable. Such as, grant supported operating costs. • One-time revenues should will never cover the costs of continuing operating budgets. One-time revenues will only cover one-time costs such as matching requirements, one-time purchases, one-time payments to unfunded liabilities, etc. E. Develop Policy on Balancing the Operating Budget • The City defines its Balanced Operating Budget as uses of resources for operating purposes does not exceed available resources over the budget period, July 1'1to June 30th. • The City is committed to a balanced budget under normal circumstances and will provide disclosures when a deviation from a balanced operating budget is planned or when it occurs. A balanced budget is a basic budgetary constraint intended to ensure that the City does not spend beyond its means. • Operating resources (revenues) includes all taxes, licenses and permits, fines and forfeitures, use of money and property, charges for services, interdepartmental charges, miscellaneous revenues and intergovernmental revenues in the General Fund, Special Revenue Funds, Capital Projects, Debt Service Funds, and Internal Service Funds. • Operating uses (expenditures) are personnel service costs, material and service costs, capital purchases, and interdepartmental allocations. Develop Programs, Services, Operating, and Capital Policies and Plans A. Prepare Policies and Plans to Guide the Design of Programs and Services • Service and programs directly relate to strategies identified by the City to achieve set goals. • Each department of the City, such as City Council, City Manager, City Clerk, Police, etc. identify the programs and services along with groups or populations to be serviced, service delivery issues, specific programs listed with standards of performance (including level of service standards or other measures to gauge success), expected costs, time frames for achievement of goals, issues pertaining to organization structure, and priorities for service Page 8 of18 ( 231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 ( 1 251 252 253 254 255 256 257 258 259 260 261 262 263 264 265 266 provision. • Each department identifies their goals and achievements by department which should are4e correlate to overall goals of the City. • Each department identifies the resources (revenues) used to obtain the goals. B. Prepare Policies and Plans for Capital Asset Acquisition, Maintenance, Replacement, and Retirement • The City will annually evaluate the need to budget for acquisition, maintenance, replacement, and retirement of capital assets to help ensure that needed capital assets or improvements receive appropriate consideration in the budget process and that older capital assets are considered for retirement or replacement. This is necessary to plan for large expenditures and to minimize deferred maintenance. • Annual budget evaluation may address inventorying capital assets and evaluating their condition, criteria for acceptable condition, criteria for continued maintenance versus replacement or retirement of an existing asset, and identification of funding for adequate maintenance and scheduled replacement of capital assets. • Any assets identified as coming due for replacement may will be addressed in multi-year budgets to address replacement and renewal schedules and should recognize the linkage of capital expenditures with the annual operating budget. • Plans for addressing deferred maintenance may also be an output of this practice. Once adopted, which may be included in the Capital Improvement Program (CIP) Budget, the plan should will be made publicly available, particularly as set forth in budget, management, and planning documents. C. Develop Options for Meeting Capital Needs and Evaluating Acquisition Alternativesi • The City develops Capital Improvement Program Budgets to address capital needs that are consistent with financial, programmatic, and capital policies and should to evaluate alternatives for acquiring the use of capital assets. Capital project planning is necessary to give adequate consideration to longer-range needs and goals, evaluate funding requirements and options, and achieve consensus on the physical development of the community. • Annually in the budget process the City evaluates alternative mechanisms to help ensure that the best approach for providing use of a capital asset or facility is chosen based on the policies and goals of the City. 4 City is to conduct quarterly reviews of existing capital projects in relation to goal attainment and to maintain, renovate, and replace, City facilities. Various considerations to be part of evaluation (i.e. costs, impacts on service, funding levels, use of non-General Funds, stakeholder input, etc.). Page 9 of 18 267 268 269 270 271 272 273 274 275 276 277 278 279 280 281 282 283 284 285 286 • The City uses the CIP Budget to identify capital projects that are needed to achieve goals and a general time frame in which these assets will be needed. D. Develop Performance Measures • The City should will annually, during the budget process, review and develop and utilize performance measures for functions, programs, and/or activities. Performance measures are used for assessing how efficiently and effectively functions, programs, and activities are provided and for determining whether program goals are being met. • Performance measures should may be linked to specific program goals and objectives. • The measures should are to be valid, reliable, and verifiable. • Whenever feasible, they should be expressed in quantifiable tenns. • Measures should will be reported in periodic reviews of functions and programs, staff reports, and should be integral to resource allocation decisions. • They also should are to be reported in the budget document and may be reported in separate management reports or reports to residents. • Different aggregations of performance measures may be appropriate for different audiences. 287 iii. Develop Management Strategies 288 289 A. Develop Strategies to Facilitate Attainment of Program and Financial Goals 290 291 292 293 294 295 296 297 298 299 300 301 302 303 304 305 306 307 • The City should develop has an organizational structure and management strategies that facilitate attainment of program and financial goals. Goals are more likely to be achieved if organizational and management strategies are developed to support and encourage organizational and individual performance directed toward goal attainment. • The City should has developed a means to review, improve, and implement strategies that encourage the City and its employees to work toward achievement of goals. • These strategies include both positive incentives and penalties. • They also include support systems such as technology support, education, and training. B. Develop Mechanisms for Budgetary Compliance • Finance provides monthly budget to actual reports to each department head and City Manager to ensure proper review for compliance with the adopted budget. Appropriate management processes and systems allow the City to detect and correct significant deviation if it occurs. • On a quarterly basis Finance provides budget to actual reports to department Page 10 of 18 ( 309 310 311 312 313 314 315 316 317 318 319 320 321 322 323 324 325 326 327 I '"'"\g ! • -_9 330 331 332 333 334 335 336 337 338 339 340 341 342 343 344 345 346 347 348 0 49 ( 0 351 3.0 heads and City Council. • These reports provide measures of departments' budget. • Budgetary compliance is encouraged tln-ough use of data collection and reporting systems that control disbursements of funds and that facilitate the evaluation of revenue and expenditure trends and :financial projections. • City Manager sheald to address any deviation of the budget to actual report (i.e. budget amendments). • The City shemd has instituted procedures to review the budget quarterly and decide on actions to bring the budget into balance, if necessary. C. Develop the Type, Presentation, and Time Period of the Budget • The City will annually present the budget, which will cover the fiscal year July 1'' through June 30'h. The type of budget, the time period covered, and the manner of presenting materials in the budget documents can have a significant practical impact on the City's approach to planning, control, and overall management of its programs, services, and finances, and on the quality of information provided to stakeholders. • The output of the budget will provide fund level and department level program information for the full fiscal year. The adopted budget will be provided to all stakeholders on the City website. • A formal review will be undetialcen periodically to ensure that the budget type, time period, and approach to presenting the budget continue to meet the needs and priorities of the City. • Such a review will be broadly focused, and not directed simply at the format of individual pages. Goal# 3 -Develop a Budget Consistent with Approaches to Achieve Goals i. Develop a Process for Preparing and Adopting a Budget A. Develop a Budget Calendar • The City publishes a comprehensive budget calendar that specifies when budget tasks are to be completed and that identifies timelines for those tasks. This includes budget workshops available to the public. Stakeholders need to be aware of when key budget tasks, events, and decisions will occur so they have an opportunity to plan and to participate in the process. The preparation of a calendar helps ensure that all aspects of the budget process have been considered and that adequate time has been provided. • Multiple calendars can be produced, each with different levels of detail and emphasis to meet the needs of the different types of stakeholders. (ie. Internal Calendar and Public Calendar). • Calendars sheuld list the dates of key events and deadlines. • At least one calendar sheald describes the overall budget and planning process and identify roles, responsibilities, and assignments. Page 11 of18 352 353 354 355 356 357 358 359 360 361 362 363 364 365 366 367 368 369 370 371 372 373 374 375 376 377 378 379 380 381 382 383 384 385 386 387 388 389 390 391 392 393 394 395 396 • To ensure the greatest impact, calendars should will identify when and how stakeholders can participate in the process. B. Develop Budget Guidelines and Instructions • The City will develop annual general policy guidelines and budget preparation instructions for each budget cycle and accompany the internal budget calendar. Budget guidelines and instructions help ensure that the budget is prepared in a manner consistent with government policies and the desires of management and the City Council. Instructions are necessary so that all participants know what is expected, thereby minimizing misunderstanding and extra work. • Budget guidelines are specific to the particular budget under development and should will incorporate relevant aspects of the City's financial policies. • Each department is required to provide the Projected Actuals for revenues and expenditures of the current year for their respective department. • Each department is required to provide Proposed Revenues and Appropriations for the upcoming fiscal year for their respective department. • Guidelines and instructions may set forth financial constraints and key assumptions that will be used to guide development of the budget, as well as policy direction. • Instructions often include sample fonns to be completed by the operating departments. Guidelines and instructions should be are prepared in a written format but may also be presented in an electronic format or through training and/or an oral presentation. C. Develop Mechanisms for Coordinating Budget Preparation and Review • The City should has developed mechanisms and assigned responsibilities to provide for overall coordination of the preparation and review of the budget. The complete budget process involves many levels, departments, and individuals in the City, as well as a number of distinct processes and disparate groups of stakeholders. Coordination is needed to ensure that processes move forward as planned, to prevent confusion and misinformation, and to ensure appropriate stakeholders are involved. • The Finance Department is the single point of coordination for all departments. • The Finance Department's coordination process will involve a number of tasks: developing a calendar, identifying responsibilities for completing various tasks, ensuring that various parts of the budget process are properly integrated, keeping the process on schedule, producing reports, identifying issues and problems, and ensuring that other requirements are met and quality standards aremaintained. • The Finance Director has ultimate responsibility for coordinating the budget process and will respond to stakeholder issues and concerns that arise in the context of the budget process with direction from the City Manager and City Council. Page 12 of18 ( ( i'/8 399 400 401 402 403 404 405 406 407 408 409 410 411 412 413 414 415 416 417 ·~ '",} 420 421 422 423 424 425 426 427 428 429 430 431 432 433 434 435 D. Develop Procedures to Facilitate Budget Review, Discussion, Modification, and Adoption • The City shelild develep and implement a set efproeeEfures that has a process to facilitate the review, discussion, modification, and adoption of a proposed budget. Appropriate procedures are needed to resolve conflicts, to promote acceptance of the proposed budget by stakeholders, and to assist in timely adoption of the budget. • ,\ series ef proeesses shelild be de>.'eloped that permit This process allows stakeholders to be informed of the budget proposal and to allow the legislative body to achieve consensus and adopt a budget. o These proeesses shelild be summarized in badget materials er budget letter. Some examples include: small group meetings, hearings, workshops, independent analysis, specific decision-making techniques and procedures, conflict resolution processes, and methods for presenting pmtions of the budget. E. Identify Opportunities for Stakeholder Input • The City shelild provides oppmtunities in the budget process for obtaining stakeholder input. 5 By definition, stakeholders are affected by the City's resource allocation plans and service and program decisions. Stakeholders should have clearly defined opportunities to provide input. This helps ensure thatstakeholder priorities are identified and enhances stakeholder support for the approved budget. • Stakeholder input can be obtained in a number of ways, including public hearings, advisory commissions, informal conversations, round-table briefings, televised and live online broadcast, opinion surveys, neighborhood meetings, office hours, letter writing, telephone calls, and e-mail. • The budget calendar should identify specific opportunities for resident input where City officials are available to explain issues and choices and to receive comments. ii. Make Choices Necessary to Adopt a Budget A. Prepare and Present a Recommended Budget • The City sheuld will prepare and present a recommended comprehensive program and financial plan (the "budget") for review by stakeholders and consideration for adoption by the City Council. A complete plan is necessary 5 The budget process should include opportunities for all stakeholders to participate. A general- purpose public hearing shortly before final decisions are made on the budget is not adequate as the sole means of soliciting stakeholder input, especially on major issues. The process developed for obtaining stakeholder input should ensure that information is gathered in a timely and complete manner to be useful in budget decision making, such as City workshops. Page 13 of 18 436 437 438 439 440 441 442 443 444 445 446 447 448 449 450 451 452 453 454 455 456 457 458 459 460 461 462 463 464 465 466 467 468 469 470 471 472 473 474 475 476 to allow stakeholders to be informed on how well all of the different aspects of the plan fit together and whether there is an appropriate balance of resources and assigned uses. • The proposed budget will consist of a set of recommended actions regarding programs and services to be funded, including service level, quality, and goals to be achieved. • It will also identify funding requirements and sources of funds, and provide the supplemental information necessary to review the plans. • The budget she1c1Id is to be consistent with policies and goals set by the City. • The recommended budget must also comply with any statutory requirements. B. Present the Budget in a Clem·, Easy-to-use Format • Budget documents and related materials made available to stakeholders should is to be presented in a clear and readily comprehensible format. The budget is the guide that determines the direction of the City. It is arguably the single most important document routinely prepared by the City. To be usable, it not only must contain the appropriate information, but must also be prepared in a mmmer that is clear and comprehensible. • Some items in a budget document that will assist the reader include: a table of contents, summaries, a consistent format, high-level summary information that describes overall funding sources and the organization as a whole, a description of the overall planning and budgeting process and the interrelationships of those various processes, supplementary information about the City and the area for which it has responsibility, charts and graphs to better illustrate important points, succinct and clearly-written summaries, uncluttered pages, and detailed information placed in appropriate locations so that it does not overwhelm the reader. • Similar requirements apply to the non-written means ( e.g., audio, video) of presenting budget material to stalceholders at various times during the budget process. C. Adopt the Budget • The City should adopt a budget that meets all statutory requirements prior to the beginning of the fiscal year. 6 The timely adoption of a budget permits the City to proceed with implementing programs and services that further the achievement of goals. • The adopted budget slio1c1Id will clearly present the financial, operating, and capital plan. • It shoHld includes all operations and funds, although not necessarily at the same level of detail. • Non-appropriated funds, revolving funds, and any other plmmed revenues and 6 If there are delays in adopting the budget, actions sheuld are to be taken to minimize uncertainty when the new budget period starts, as appropriate. A continuing appropriation may be legally required Page 14 of 18 ( 478 479 480 481 482 483 484 4.0 485 486 487 488 489 490 491 492 493 494 495 496 497 ( ' t ' 499 500 501 502 503 504 505 506 507 508 509 510 511 512 513 514 515 516 517 518 ( ·9 _j) expenditures are also should be included. • Whenever feasible, the adopted budget should include (though not necessarily in a single document) all statutorily required materials such as the appropriation ordinance. • Legally required documents that otherwise do not contribute to an understanding of the budget may be included as an appendix. Goal# 4-Evaluate Performance and Make Adjustments i. Monitor. Measure. and Evaluate Performance A. Monitor, Measure, and Evaluate Program Performance • The City should quarterly evaluate the performance of the programs and services it provides. The City functions, programs, and activities should will also be periodically reviewed to determine whether they are accomplishing intended program goals and making efficient use ofresources. • Performance measures, including efficiency and effectiveness measures, should are to be presented in basic budget materials, including the operating budget document, and should be is available to stakeholders. • Performance measures should be reported using actual data, where possible. • At least some of these measures should document progress toward achievement of previously developed goals and objectives. • More formal reviews and documentation of those reviews should be carried out as part of the overall planning, decision-making, and budget process. B. Monitor, Measure, and Evaluate Budgetary Performance • At a minimum, the City should will, on a quarterly basis, evaluate its financial performance relative to the adopted budget. Regular monitoring of budgetaiy performance provides an early warning of potential problems and gives decision makers time to consider actions that may be needed if major deviations in budget-to-actual results become evident. It is also an essential input in demonstrating accountability. • Budget-to-actual or budget-to-projected actual comparisons of revenues, expenditures, cash flow, and fund balance should will be reviewed quarterly during the budget period. Staffing levels should are also he monitored. • Comparisons for at least the current year should will be included in the budget document and be generally available to stakeholders during discussions related to budget preparation and adoption. C. Monitor, Measure, and Evaluate Financial Conditions • The City should will monitor and evaluate its financial condition at least quarterly ammally. The financial health of the City is critical to its ability to meet the needs of stakeholders. Financial condition should be evaluated to identify potential problems and any changes that may be needed to improve Page 15 of18 521 522 523 524 525 526 527 528 529 530 531 532 533 534 535 536 537 538 539 540 541 542 543 544 545 546 547 548 549 550 551 552 553 554 555 556 557 558 559 560 561 562 563 564 565 performance over both the short and long terms. • Financial indicator measures often are developed to monitor financial condition and achievement of explicitly set financial goals. • Indicators to monitor factors that affect financial performance are also reported. • A report on financial condition should will be periodically prepared and updated. • The report may be a separate document or incorporated into other relevant documents, including the budget document. D. Monitor, Measure, and Evaluate External Factors • The City is to constantly should monitor and evaluate external factors that may affect budget and financial performance and achievement of goals at least annually quarterly. Factors outside the City's control, such as the national or regional economy, demographic changes, statutory changes, legislation, mandates, and weather, may affect achievement of stated goals. Monitoring these factors helps the City to evaluate and respond to the effect of these external influences on goals, programs, and financial plans. • External factors that are likely to be important in achieving goals should are to be identified and monitored regularly. • The results of this analysis should will be factored into the assessment of program and financial performance and considered in maldng adjustments to these programs. • Trends and significant issues may be described in reports to stalceholders discussing program, budget, and financial performance. • The assessment of external factors should is to be reported, at least in summary form, and available to stakeholders. E. Monitor, Measure, and Evaluate Capital Improvement Program Implementation • The City should will monitor, measure, and evaluate capital improvement program implementation at least quarterly. Monitoring the status of capital projects helps to ensure that projects progress as planned, problems (such as delays in key milestones and cost overruns) are identified early enough to take corrective action, funds are available when needed, and legal requirements are met. • Reports on capital project implementation should will be prepared for decision makers and other stakeholders. • Surnmaty information should is to be considered for projects that are progressing as planned. • Project milestones, such as dates for completion of such tasks as planning, land acquisition, engineering and design, and construction, should be identified and progress in meeting these milestones should be reported at least annually, and as available. • The City should will monitor quality compliance and financial performance. Page 16 of 18 ( 567 568 569 570 571 572 573 574 575 576 577 578 579 580 581 582 583 584 585 586 ( 7 .J68 589 590 591 592 593 594 595 596 597 598 599 600 601 602 603 604 605 ii. Make Adiustments as Needed A. Adjust the Budget • The budget should may be adjusted during the budget period should unforeseen events require changes to the original budget plan. The budget is a plan based on a set of assumptions that may not always match actual experiences during the execution phase. The City should watch for significant deviations from expectations and make adjustments so that the plan is consistent with revised expectations. • The City should have has procedures in place to determine when deviations from the budget plan merit adjustments to the budget. • Budget adjustments, whether to programs or to revenues and expenditures, should are to be made as appropriate. 7 • Any FiB.a-l changes to the budget should are to be reported. • The timing and manner in which this is done depends on the stakeholder group and the level of materiality of the changes. B. Adjust Policies, Plans, Programs, and Management Strategies • The City should may adjust its policies, plans, programs, and management strategies during the budget period, as appropriate. Changing conditions or programs and services that are not producing the desired results or efficiently utilizing resources may require adjustments in order for the City to continue to meet the needs of stalceholders and to meet its own goals. • The City's management team should will evaluate their monthly budget to actual report for review, decision making, and implementation of changes to policies, plans, programs, and management strategies during the budget period. • Adjustments should be are based on findings obtained from monitoring and assessing program and financial results, stakeholder input, and external circumstances. • Regular briefings to management and elected officials on the contents of the reports permit timely adjustments as needed to the plan or program activities. C. Adjust Broad Goals, if Appropriate • The City sho1c1ld will modify or change its broad goals if conditions change sufficiently that these goals are no longer appropriate. Goals may need to be adjusted in response to new information about program results, stakeholder needs, and external circumstances in order to be more relevant for the community or more practically attainable. • The City department heads meet to evaluate performance or changes in the 7 Budget adjustments may be administrative or legislative depending on the adjustment needed and on statutory requirements such as the legal level of control of the budget appropriations. City Manager may make adjustment within the fund across departments as long as the overall appropriation is not changed. Page 17 of18 606 607 608 609 610 611 annual budget plan to ensure that goals are reviewed during the budget period and adjusted when appropriate. • Adjustments are based, in part, on findings obtained from monitoring and assessing program and financial results, stakeholder input, and external circumstances. • Opportunities and challenges facing the City are also should to be considered. Page 18 of 18 ( City of West Covina Budget Policy July 2, 2018 ATTACHMENT NO. 2 INTRODUCTION This document defines the policies and procedures for the budget for the City of West Covina. The procedures serve as a guide for maintaining the City's reputation for fairness and integrity of fiscal responsibility in preparation of the annual budget using proper checks and balances. The budget functions will be conducted using the highest ethical standards. The objective of the budget policy is to establish a budget process that helps decision malcers make informed choices about the provision of services and capital assets and to promote stalceholder participation in the process. The term "stakeholder" refers to anyone affected by or has a stalce in the City of West Covina. This termincludes, but is not limited to: residents, customers, elected officials, management, employees and their representatives ( such as unions or other agents), businesses, other governments, and the media. The use of "shall" is synonymous with will. Page 2 of 18 ( POLICY PURPOSE Policy and procedures have been established in order to provide the most efficient and effective operations of preparing the budget. The budget process will cover four main Goals: 1. Establish Broad Goals to Guide City Decision Making • The City Council does adopt broad goals on an annual basis that provide overall direction for the City and serve as a basis for decision making. 1. Assess community needs, priorities, challenges and opportunities. 11. Identify opportunities and challenges for City services, capital assets, and management. 111. Develop and disseminate broad goals. 2. Develop Approaches to Achieve Goals • The City will utilize specific policies, plans, programs, and management strategies to define how it will achieve its long-term goals. 1. Adopt and review financial policies. 11. Develop programs, services, operating, and capital policies and plans. iii. Develop management strategies. 3. Develop a Budget Consistent with Approaches to Achieve Goals • A financial plan and budget that moves toward achievement of goals, within the constraints of available financial resources, is to be prepared and adopted. i. Develop a process for preparing and adopting a budget. ii. Make choices necessary to adopt a budget. 4. Evaluate Performance and Make Adiustments • Programs and financial performance will be continually evaluated, and adjustments made, to encourage progress toward achieving goals. i. Monitor, measure, and evaluate performance. ii. Make adjustments as needed. Page 3 of 18 1. Goal # 1 -Establish Broad Goals to Guide Citv Decision Making i. Assess Community Needs, Priorities, Challenges, and Opportunities A. Identify Stakeholder Priorities, Needs, and Concerns • The City Council meetings are an open fornm providing opportunity to stakeholders to bring forth concerns, needs, and priorities. • Among other mechanisms that might be considered are special public hearings, surveys, meetings of leading residents and resident interest groups, City strategic planning processes, meetings with City employees, and workshops involving City administrative staff and/or the City Council. B. Evaluate Community Condition, External Factors, Opportunities, and Challengesl • The City Council will regularly collect and evaluate information about trends in community condition, the external factors affecting it, opportunities that may be available, and problems and issues that need to be addressed. • Some mechanisms will involve data gathering from preexisting sources or through opinion surveys. • Other mechanisms will be subjective, such as observing physical characteristics of geographic areas within the community or talking to residents, experts, business and community leaders, and legislative bodies. Formal studies of particular issues or trends may also be undertaken. • The frequency and extensiveness of the evaluation should be consistent with how frequently the information changes and the relative importance of the information being gathered. ii. Jdentifv Opportunities and Challenges for City Services, Capital Assets, and Management A. Assess Services and Programs, and Identify Issues, Opportunities, and Challenges • The City shall inventory, identify, and assess the programs and services that it provides, their intended purpose, and factors that could affect their provision in the future. • Identify the changes in community conditions or other factors that may result in a program or service no longer addressing the needs it was intended to serve. Also, identify any changes in the operating environment that may affect the cost or effectiveness of service delivery in the future. • The review will involve each department's assessment of the programs' 1 The intent of this practice is/or the City to have up-to-date information with which to evaluate community conditions and major issues that are integral to the development and achievement of goals. In evaluating community condition, the City may want to consider local, regional, national, and global factors qjfecting the community (i.e. economic and financial factors, demographics, physical or environmental factors, changes in technology, etc.). Page 4 of 18 ( ( purposes, beneficiaries and needs served, their success in achieving goals, and issues, challenges, and opportunities affecting their future provision. • The inventory of programs and services shall identify the organization responsible for service delivery if it is not the City itself. An evaluation of factors affecting service delivery should also be undertaken, such as funding issues; changes in technology; economic, demographic, or other factors that may affect demand; and legal or regulatory changes. These reviews will typically utilize a variety of information sources. • Stakeholder involvement in these reviews is encouraged, such as through budget study workshops. B. Assess Capital Assets, and Identify Issues, Opportunities, and Challenges • The City will identify and conduct an assessment of its capital assets, including the condition of the assets and factors that could affect the need for or ability to maintain the assets in the future. The capital assets of the City and their condition are critical to the quality of services provided, and hence are important in dete1mining whether the needs and priorities of stakeholders can be met. • The City shall establish a process for inventorying its capital assets and assessing the need for and the condition of these assets. (See Capital Asset Management Policy) • The City will assess and evaluate issues, challenges, and opportunities affecting the provision of capital assets in the future, such as community needs and priorities; the impact of deferred maintenance; funding issues; changes in technology; economic, demographic, or other factors that may affect demand; and legal or regulatory changes. This review may be undertaken in conjunction with an evaluation of the program or service utilizing the particular assets. • The assessment of capital asset condition must consider the impact of any deferred maintenance and needed improvements. Identification or development of measurement standards for the condition of capital assets (including what is regarded as acceptable) are a valuable output of this practice. C. Assess City Management Systems, and Identify Issues, Opportunities, and Challenges • The City will identify and analyze its organization and management systems, including system strengths and weaknesses and factors that could affect these systems in the future. The support systems established to manage the City are integral to the achievement of goals. • The City will inventory management systems by department and routinely identify, analyze, and address issues related to the City's organization and management systems and the environment in which these systems operate. • Each department will include an examination of strengths and weaknesses of the organizational structure, interdepartmental communication and cooperation, communication of goals and directives, motivation of staff, conflict management, and provision of other internal needs and support systems. Page 5 of18 • The review will also include an assessment of management policies, procedures, and systems that support achievement of goals. iii. Develop and Disseminate Broad Goals A. Identify Broad Goals • The City is to identify broad goals based on its assessment of the community it serves and its operating environment. Broad goals define the priorities and preferred future state of the community or area served. They provide a basis for making resource allocation decisions during the budget process and serve as a focal point for assessing and coordinating various long-range or strategic plans. • Goals are to be expressed in written form and should reflect stakeholder concerns, needs, and priorities as well as factors affecting the community and the City. • They must be sufficiently specific to help define the services to be emphasized and make difficult resource allocation decisions in the budgetprocess. • Define priorities among goals to improve their usefulness in allocating resources. B. Disseminate Goals and Review with Stakeholders • The City shall disseminate broad goals and review them with stakeholders. Disseminating and reviewing goals helps foster participation, awareness, consensus, pride, and a sense of direction. • Dissemination may occur by conducting public forums and by publishing goals in key public documents, such as strategic and other planning documents and budget documents. Electronic media may also be used including the City website. Page 6 of 18 ( ( 2.0 Goal # 2 -Develop Approaches to Achieve Goals i. Adopt and Review Financial Policies A. Develop Policy on Stabilization Funds • The City developed policies to guide the creation, maintenance, and use of resources for financial stabilization purposes. (See Fund Balance policy2). • The policy establishes how and when the City builds up stabilization funds and will identify the purposes for which they may be used. B. Develop Policy on Fees andCharges1 • The City has established a master fee schedule that identifies the manner in which fees and charges are set and the extent to which they cover the cost of the service provided. • The fee schedules are to be evaluated annually in the budget process to review all fees and charges, the level of cost recovery for services and the reason for any subsidy, and the frequency with which cost-of-services studies will be undertaken. • Policies on fees and charges are publicly available and summarized in materials used in budget preparation. C. Develop Policy on Debt Issuance and Management • The City has established a Debt Management Policy to guide the issuance and management of debt. Issuing debt commits the City's revenues several years into the future and may limit the City's flexibility to respond to changing service priorities, revenue inflows, or cost structures. Adherence to a debt policy helps ensure that debt is issued and managed prudently in order to maintain a sound fiscal position and protect credit quality. • Debt policies are available to the public and other stakeholders. Because these policies are essential to budget decision making, particularly capital budgets, they will be reviewed by decision makers during the annual budget process and as an appendix in the budget document. Debt Policy will be reviewed for every debt issuance for compliance. 2 The Fund Balance Policy is reviewed annually to assess the alignment with set goals established in the budget process. The City should evaluate reserves set in the fund balance policy. These funds may be used at the City's discretion to address temporary cashjlow shortages, emergencies, unanticipated economic downturns, and one-time opportunities. 'Costs of service include direct and indirect costs such as operating and maintenance costs, overhead, and charges for use of capital. The City may choose not to recover all costs, but it must identify such costs. Reasons for not recovering full costs will be identified and explained. State and local law may govern the establishment of fees and charges. Page 7 of 18 • The City Council has a debt policy and compiles it with other financial policies. D. Evaluate the Use of Unpredictable Revenues • One-time or short-term revenues will be identified clearly in the budget process. Unpredictable revenue sources cannot be relied on as to the level of revenue they will generate. • For each major unpredictable revenue source, the City identifies those aspects of the revenue source that make the revenue unpredictable. Such as, grant supported operating costs. • One-time revenues will never cover the costs of continuing operating budgets. One-time revenues will only cover one-time costs such as matching requirements, one-time purchases, one-time payments to unfunded liabilities, etc. E. Develop Policy on Balancing the Operating Budget • The City defines its Balanced Operating Budget as uses of resources for operating purposes does not exceed available resources over the budget period, July 1'1to June 3ot11. • The City is committed to a balanced budget under normal circumstances and will provide disclosures when a deviation from a balanced operating budget is planned or when it occurs. A balanced budget is a basic budgetary constraint intended to ensure that the City does not spend beyond its means. • Operating resources (revenues) includes all taxes, licenses and permits, fines and forfeitures, use of money and property, charges for services, interdepartmental charges, miscellaneous revenues and intergovernmental revenues in the General Fund, Special Revenue Funds, Capital Projects, Debt Service Funds, and Internal Service Funds. • Operating uses (expenditures) are personnel service costs, material and service costs, capital purchases, and interdepartmental allocations. ii. Develop Programs, Services, Operating, and Capital Policies and Plans A. Prepare Policies and Plans to Guide the Design of Programs and Services • Service and programs directly relate to strategies identified by the City to achieve set goals. • Each department of the City, such as City Council, City Manager, City Clerk, Police, etc. identify the programs and services along with groups or populations to be serviced, service delivery issues, specific programs listed with standards of performance (including level of service standards or other measures to gauge success), expected costs, time frames for achievement of goals, issues pertaining to organization structure, and priorities for service provision. Page 8 of 18 ( ( • Each department identifies their goals and achievements by department which should correlate to overall goals of the City. • Each department identifies the resources (revenues) used to obtain the goals. B. Prepare Policies and Plans for Capital Asset Acquisition, Maintenance, Replacement, andRetirement • The City will annually evaluate the need to budget for acquisition, maintenance, replacement, and retirement of capital assets to help ensure that needed capital assets or improvements receive appropriate consideration in the budget process and that older capital assets are considered for retirement or replacement. Tiris is necessary to plan for large expenditures and to minimize defenedmaintenance. • Annual budget evaluation may address inventorying capital assets and evaluating their condition, criteria for acceptable condition, criteria for continued maintenance versus replacement or retirement of an existing asset, and identification of funding for adequate maintenance and scheduled replacement of capital assets. • Any assets identified as coming due for replacement will be addressed in multi-year budgets to address replacement and renewal schedules and should recognize the linkage of capital expenditures with the annual operating budget. • Plans for addressing deferred maintenance may also be an output of this practice. Once adopted, which may be included in the Capital Improvement Program (CIP) Budget, the plan will be made publicly available, particularly as set forth in budget, management, and planning documents. C. Develop Options for Meeting Capital Needs and Evaluating Acquisition Alternativesi • The City develops Capital Improvement Program Budgets to address capital needs that are consistent with financial, programmatic, and capital policies and to evaluate alternatives for acquiring the use of capital assets. Capital project planning is necessary to give adequate consideration to longer-range needs and goals, evaluate funding requirements and options, and achieve consensus on the physical development of the community. • Annually in the budget process the City evaluates alternative mechanisms to help ensure that the best approach for providing use of a capital asset or facility is chosen based on the policies and goals of the City. • The City uses the CIP Budget to identify capital projects that are needed to achieve goals and a general time frame in which these assets will be needed. 4 City is to conduct quarterly reviews of existing capital projects in relation to goal attainment and to maintain, renovate, and replace, City facilities. Various considerations to be part of evaluation (i.e. costs, impacts on service, fending levels, use of non-General Funds, stakeholder input, etc.). Page 9 of 18 D. Develop Performance Measures • The City will annually, during the budget process, review and develop and utilize performance measures for functions, programs, and/or activities. Performance measures are used for assessing how efficiently and effectively functions, programs, and activities are provided and for detennining whether program goals are being met. • Performance measures may be linked to specific program goals and objectives. • The measures are to be valid, reliable, and verifiable. • Whenever feasible, they should be expressed in quantifiable terms. • Measures will be repmied in periodic reviews of functions and programs, staff reports, and should be integral to resource allocation decisions. • They also are to be reported in the budget document and may be reported in separate management reports or reports to residents. • Different aggregations of performance measures may be appropriate for different audiences. iii. Develop Management Strategies A. Develop Strategies to Facilitate Attainment of Program and Financial Goals • The City has an organizational structure and management strategies that facilitate attainment of program and financial goals. Goals are more likely to be achieved if organizational and management strategies are developed to support and encourage organizational and individual performance directed toward goal attainment. • The City has developed a means to review, improve, and implement strategies that encourage the City and its employees to work toward achievement of goals. • These strategies include both positive incentives and penalties. • They also include support systems such as technology support, education, and training. B. Develop Mechanisms for Budgetary Compliance • Finance provides monthly budget to actual reports to each department head and City Manager to ensure proper review for compliance with the adopted budget. Appropriate management processes and systems allow the City to detect and correct significant deviation if it occurs. • On a quarterly basis Finance provides budget to actual reports to department heads and City Council. • These reports provide measures of departments' budget. Page 10 of 18 ( ( ( • Budgetary compliance is encouraged through use of data collection and reporting systems that control disbursements of funds and that facilitate the evaluation of revenue and expenditure trends and financial projections. • City Manager to address any deviation of the budget to actual report (i.e. budget amendments). • The City has instituted procedures to review the budget quarterly and decide on actions to bring the budget into balance, if necessary. C. Develop the Type. Presentation. and Time Period of the Budget • The City will annually present the budget, which will cover the fiscal year July pt through June 30th. The type of budget, the time period covered, and the manner of presenting materials in the budget documents can have a significant practical impact on the City's approach to planning, control, and overall management of its programs, services, and finances, and on the quality of information provided to stakeholders. • The output of the budget will provide fund level and department level program information for the full fiscal year. The adopted budget will be provided to all stakeholders on the City website. • A formal review will be nndertaken periodically to ensure that the budget type, time period, and approach to presenting the budget continue to meet the needs and priorities of the City. • Such a review will be broadly focused, and not directed simply at the fonnat of individual pages. Page 11 of 18 3.0 Goal# 3 -Develop a Budget Consistent with Approaches to Achieve Goals i. Develop a Process for Preparing and Adopting a Budget A. Develop a Budget Calendar • The City publishes a comprehensive budget calendar that specifies when budget tasks are to be completed and that identifies timelines for those tasks. This includes budget workshops available to the public. Stakeholders need to be aware of when key budget tasks, events, and decisions will occur so they have an opportunity to plan and to participate in the process. The preparation of a calendar helps ensure that all aspects of the budget process have been considered and that adequate time has been provided. • Multiple calendars can be produced, each with different levels of detail and emphasis to meet the needs of the different types of stakeholders. (ie. Internal Calendar and Public Calendar). • Calendars list the dates of key events and deadlines. • At least one calendar describes the overall budget and planning process and identify roles, responsibilities, and assignments. • To ensure the greatest impact, calendars will identify when and how stakeholders can participate in the process. B. Develop Budget Guidelines and Instructions • The City will develop annual general policy guidelines and budget preparation instructions for each budget cycle and accompany the internal budget calendar. Budget guidelines and instructions help ensure that the budget is prepared in a manner consistent with government policies and the desires of management and the City Council. Instructions are necessary so that all paiticipants !mow what is expected, thereby minimizing misnnderstanding and extra work. • Budget guidelines are specific to the particular budget under development and will incorporate relevant aspects of the City's financial policies. • Each department is required to provide the Projected Actuals for revenues and expenditures of the current year for their respective department. • Each department is required to provide Proposed Revenues and Appropriations for the upcoming fiscal year for their respective department. • Guidelines and instructions may set forth financial constraints and key assumptions that will be used to guide development of the budget, as well as policy direction. • Instructions often include sample forms to be completed by the operating departments. Guidelines and instructions are prepared in a written format but may also be presented in an electronic format or tlnough training and/or an oral presentation. C. Develop Mechanisms for Coordinating Budget Preparation and Review • The City has developed mechanisms and assigned responsibilities to provide Page 12 of 18 ( ( ( for overall coordination of the preparation and review of the budget. The complete budget process involves many levels, departments, and individuals in the City, as well as a number of distinct processes and disparate groups of stakeholders. Coordination is needed to ensure that processes move forward as planned, to prevent confusion and misinformation, and to ensure appropriate stakeholders are involved. • The Finance Department is the single point of coordination for all departments. • The Finance Department's coordination process will involve a number of tasks: developing a calendar, identifying responsibilities for completing various tasks, ensuring that various parts of the budget process are properly integrated, keeping the process on schedule, producing reports, identifying issues and problems, and ensuring that other requirements are met and quality standards aremaintained. • The Finance Director has ultimate responsibility for coordinating the budget process and will respond to stalceholder issues and concerns that arise in the context of the budget process with direction from the City Manager and City Council. D. Develop Procedures to Facilitate Budget Review, Discussion, Modification, and Adoption • The City has a process to facilitate the review, discussion, modification, and adoption of a proposed budget. Appropriate procedures are needed to resolve conflicts, to promote acceptance of the proposed budget by stakeholders, and to assist in timely adoption of the budget. • This process allows stakeholders to be informed of the budget proposal and to allow the legislative body to achieve consensus and adopt a budget. o Some examples include: small group meetings, hearings, workshops, independent analysis, specific decision-making techniques and procedures, conflict resolution processes, and methods for presenting portions of the budget. E. Identify Opportunities for Stalceholder Input • The City provides opportunities in the budget process for obtaining stakeholder input. 5 By definition, stakeholders are affected by the City's resource allocation plans and service and program decisions. Stakeholders should have clearly defined opportunities to provide input. This helps ensure that stakeholder priorities are identified and enhances stakeholder support for the approved budget. • Stakeholder input can be obtained in a number of ways, including public hearings, advisory commissions, informal conversations, round-table 5 The budget process should include opportunities for all stakeholders to participate. A general-purpose public hearing shortly before final decisions are made on the budget is not adequate as the sole means of soliciting stakeholder input, especially on major issues. The process developed for obtaining stakeholder input should ensure that information is gathered in a timely and complete manner to be usefal in budget decision making, such as City workshops. Page 13 of 18 briefings, televised and live online broadcast, opinion surveys, neighborhood meetings, office hours, letter writing, telephone calls, and e-mail. • The budget calendar should identify specific opportunities for resident input where City officials are available to explain issues and choices and to receive comments. ii. Make Choices Necessarv to Adopt a Budget A. Prepare and Present a Recommended Budget • The City will prepare and present a recommended comprehensive program and financial plan (the "budget") for review by stakeholders and consideration for adoption by the City Council. A complete plan is necessary to allow stakeholders to be informed on how well all of the different aspects of the plan fit together and whether there is an appropriate balance of resources and assigned uses. • The proposed budget will consist of a set of recommended actions regarding programs and services to be funded, including service level, quality, and goals to be achieved. • It will also identify funding requirements and sources of funds, and provide the supplemental information necessary to review the plans. • The budget is to be consistent with policies and goals set by the City. • The recommended budget must also comply with any statutory requirements. B. Present the Budget in a Clear, Easy-to-use Format • Budget documents and related materials made available to stakeholders is to be presented in a clear and readily comprehensible format. The budget is the guide that determines the direction of the City. It is arguably the single most important document routinely prepared by the City. To be usable, it notonly must contain the appropriate information, but must also be prepared in a manner that is clear and comprehensible. • Some items in a budget document that will assist the reader include: a table of contents, summaries, a consistent format, high-level summary information that describes overall funding sources and the organization as a whole, a description of the overall planning and budgeting process and the interrelationships of those various processes, supplementary information about the City and the area for which it has responsibility, charts and graphs to better illustrate important points, succinct and clearly-written sunnnaries, uncluttered pages, and detailed information placed in appropriate locations so that it does not overwhelm the reader. • Similar requirements apply to the non-written means ( e.g., audio, video) of presenting budget material to stakeholders at various times during the budget process. Page 14 of18 ( ( C. Adopt the Budget • The City should adopt a budget that meets all statutory requirements prior to the beginning of the fiscal year. 6 The timely adoption of a budget permits the City to proceed with implementing programs and services that further the achievement of goals. • The adopted budget will clearly present the financial, operating, and capital plan. • It includes all operations and funds, although not necessarily at the same level of detail. • Non-appropriated funds, revolving funds, and any other planned revenues and expenditmes are also included. • Whenever feasible, the adopted budget should include (though not necessarily in a single document) all statutorily required materials such as the appropriation ordinance. • Legally required documents that otherwise do not contribute to an understanding of the budget may be included as an appendix. 6 If there are delays in adopting the budget, actions are to be taken to minimize uncertainty when the new budget period starts, as appropriate. A continuing appropriation may be legally required. Page 15 of 18 4.0 Goal# 4-Evaluate Performance and Make Adjustments i. Monitor, Measure, and Evaluate Performance A. Monitor, Measure, and Evaluate Program Performance • The City quarterly evaluate the perfmmance of the programs and services it provides. The City functions, programs, and activities will also be periodically reviewed to determine whether they are accomplishing intended program goals and making efficient use ofresources. • Performance measures, including efficiency and effectiveness measures, are to be presented in basic budget materials, including the operating budget document, and be available to stakeholders. • Performance measures should be reported using actual data, where possible. • At least some of these measures should document progress toward achievement of previously developed goals and objectives. • More formal reviews and documentation of those reviews should be carried out as part of the overall planning, decision-making, and budget process. B. Monitor, Measure, and Evaluate Budgetary Performance • At a minimum, the City will, on a quarterly basis, evaluate its financial perfotmance relative to the adopted budget. Regular monitoring of budgetary performance provides an early warning of potential problems and gives decision makers time to consider actions that may be needed if major deviations in budget-to-actual results become evident. It is also an essential input in demonstrating accountability. • Budget-to-actual or budget-to-projected actual comparisons of revenues, expenditures, cash flow, and fund balance will be reviewed quarterly during the budget period. Staffing levels are also monitored. • Comparisons for at least the current year will be included in the budget document and be generally available to stakeholders during discussions related to budget preparation and adoption. C. Monitor, Measure, and Evaluate Financial Conditions • The City will monitor and evaluate its financial condition at least qumierly. The financial health of the City is critical to its ability to meet the needs of stakeholders. Financial condition should be evaluated to identify potential problems and any changes that may be needed to improve performance over both the short and long terms. • Financial indicator measures often are developed to monitor financial condition and achievement of explicitly set financial goals. • Indicators to monitor factors that affect financial performance m·e also repmied. • A report on financial condition will be periodically prepared and updated. • The report may be a separate document or incorporated into other relevant documents, including the budget document. Page 16 of18 ( ( ( D. Monitor, Measure, and Evaluate External Factors • The City is to constantly monitor and evaluate external factors that may affect budget and financial performance and achievement of goals at least quarterly. Factors outside the City's control, such as the national or regional economy, demographic changes, statutory changes, legislation, mandates, and weather, may affect achievement of stated goals. Monitoring these factors helps the City to evaluate and respond to the effect of these external influences on goals, programs, and financial plans. • External factors that are likely to be important in achieving goals are to be identified and monitored regularly. • The results of this analysis will be factored into the assessment of program and financial performance and considered in making adjustments to these programs. • Trends and significant issues may be described in reports to stalceholders discussing program, budget, and financial performance. • The assessment of external factors is to be reported, at least in summary form, and available to stakeholders. E. Monitor, Measure, and Evaluate Capital Improvement Program Implementation • The City will monitor, measure, and evaluate capital improvement program implementation at least quarterly. Monitoring the status of capital projects helps to ensure that projects progress as planned, problems (such as delays in key milestones and cost overruns) are identified early enough to talce corrective action, funds are available when needed, and legal requirements are met. • Reports on capital project implementation will be prepared for decision malcers and other stakeholders. • Summary information is to be considered for projects that are progressing as planned. • Project milestones, such as dates for completion of such tasks as planning, land acquisition, engineering and design, and construction, should be identified and progress in meeting these milestones should be reported at least annually, and as available. • The City will monitor quality compliance and financial performance. ii. Make Adiustments as Needed A. Adjust the Budget • The budget may be adjusted during the budget period should unforeseen events require changes to the original budget plan. The budget is a plan based on a set of assumptions that may not always match actual experiences during the execution phase. The City should watch for significant deviations from expectations and make adjustments so that the plan is consistent with revised expectations. Page 17 of18 • The City has procedures in place to determine when deviations from the budget plan merit adjustments to the budget. • Budget adjustments, whether to programs or to revenues and expenditures, are to be made as appropriate. 7 • Any changes to the budget are to be reported. • The timing and manner in which this is done depends on the stakeholder group and the level of materiality of the changes. B. Adjust Policies, Plans, Programs, and Management Strategies • The City may adjust its policies, plans, programs, and management strategies during the budget period, as appropriate. Changing conditions or programs and services that are not producing the desired results or efficiently utilizing resources may require adjustments in order for the City to continue to meet the needs of stakeholders and to meet its own goals. • The City's management team will evaluate their monthly budget to actual report for review, decision making, and implementation of changes to policies, plans, programs, and management strategies during the budget period. • Adjustments are based on findings obtained from monitoring and assessing program and financial results, stakeholder input, and external circumstances. • Regular briefings to management and elected officials on the contents of the reports permit timely adjustments as needed to the plan or program activities. C. Adjust Broad Goals, if Appropriate • The City will modify or change its broad goals if conditions change sufficiently that these goals are no longer appropriate. Goals may need to be adjusted in response to new information about program results, stakeholder needs, and external circumstances in order to be more relevant for the community or more practically attainable. • The City department heads meet to evaluate performance or changes in the annual budget plan to ensure that goals are reviewed during the budget period and adjusted when appropriate. • Adjustments are based, in part, on findings obtained from monitoring and assessing program and financial results, stakeholder input, and external circumstances. • Opportunities and challenges facing the City are also to be considered. 7 Budget adjustments may be administrative or legislative depending on the acijustment needed and on statutory requirements such as the legal level of control of the budget appropriations. City Manager may make acijustment within the fimd across departments as long as the overall appropriation is not changed. Page 18 ofl8 ,,/ ( ( ( AGENDA ITEMNO. 2 AGENDA STAFF REPORT City of West Covina I Office of the City Manager DATE: July 2, 2018 TO: FROM: Mayor and City Council Chris Freeland City Manager SUBJECT: RESOLUTION TO CONTINUE FISCAL YEAR 2017-18 APPROPRIATIONS RECOMMENDATION: It is recommended that the City Council adopt the following resolution: RESOLUTION NO. 2018-96 -A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF WEST COVINA, CALIFORNIA, TO CONTINUE APPROPRIATIONS CONSISTENT WITH THE ADOPTED FISCAL YEAR 2017-18 CITY OF WEST COVINA AND THE SUCCESSOR AGENCY TO THE FORMER WEST COVINA REDEVELOPMENT AGENCY OPERATING BUDGETS AND THE CAPITAL IMPROVEMENT PROGRAM UNTIL THE ADOPTION OF THE FISCAL YEAR 2018-19 ANNUAL BUDGET. DISCUSSION: The City ofW est Covina Operating and Capital Improvement Budget for Fiscal Year 2018-19 will not be brought fmward to the City Council for approval until sometime in late July to mid-August. Departments will be operating with funding up to the same level as the adopted Fiscal Year 2017- 18 as directed by the City Manager, until the new budget is adopted. No new hires in personnel, and new items in the operating budget, capital purchases, and capital improvement projects proposed as part of the Fiscal Year 2018-19 budget are not authorized to proceed and will not have funding without City Council approval. Resolution No. 2018-79 was approved by the City Council effective July 1, 2018 to July 2, 2018. Pursuant to the City Council direction, Staff has prepared Resolution No. 2018-96 for City Council's approval to continue appropriations in a manner consistent with the adopted Fiscal Year 2017-18 City and Successor Agency to the former West Covina Redevelopment Operating Budgets and Capital Improvement Program commencing July 3, 2018 and ending August 31,2018. Resolution to Continue FY 2017-18 Appropriations Page 2 of2-July2, 2018 Adoption of the attached resolution will allow normal City operations to continue until the Fiscal Year 2018-19 City of West Covina and Successor Agency to the former West Covina Redevelopment Operating and Capital Improvement Budget is adopted. FISCAL IMP ACT: While some new projects may be delayed, the continuing resolution will not have a significant fiscal impact. Prepared by: ~;i?~ J . caster =onsultant ATTACHMENT: Attachment No. 1-ResolutionNo. 2018-96 . J ( ( ( ATTACHMENT NO. I RESOLUTION NO. 2018-96 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF WEST COVINA, CALIFORNIA, TO CONTINUE APPROPRIATIONS CONSISTENT WITH THE ADOPTED FISCAL YEAR 2017-18 CITY OF WEST COVINA AND THE SUCCESSOR AGENCY TO THE FORMER WEST COVINA REDEVELOPMENT AGENCY OPERATING BUDGETS AND THE CAPITAL IMPROVEMENT PROGRAM UNTIL THE ADOPTION OF THE FISCAL YEAR 2018-19 ANNUAL BUDGET. WHEREAS, the budget adoption date has been delayed beyond June 30, 2018 to allow for the completion of the budget development process; and WHEREAS, the City and Successor Agency to the fonner West Covina Redevelopment Agency should approve resolutions to continue the prior year's budgets to ensure our ability to conduct municipal business. NOW, THEREFORE, the City Council of the City of West Covina does resolve as follows: SECTION 1. Said appropriations as approved in the adopted Fiscal Year 2017-18 City and Successor Agency to the former West Covina Redevelopment Agency Operating Budgets and Capital Improvement Program are hereby continued in a manner consistent with the prior year's adopted budget except for new personnel and new items in the operating budget, capital purchases and capital improvement projects; and SECTION 2. There are hereby appropriated for obligation and expenditure by the City Manager the amounts consistent with the prior year's adopted budget for the portion of the 2018-19 Fiscal Year commencing July 3, 2018 and ending on August 31, 2018; and SECTION 3. All obligations and expenditures shall be incuned and made in the manner provided by the provisions of State law and City resolutions applicable to purchasing and contracting; and SECTION 4. No warrant shall be issued or indebtedness incurred which exceeds the unexpended balance of fund and project appropriations herein, unless such has been amended by a supplemental appropriation duly enacted by resolution of the City Com1cil; and SECTION 5. That the City Clerk shall certify to the adoption of this resolution and the same shall be in full force in effect immediately upon adoption. APPROVED AND ADOPTED this 2"'1 day of July, 2018 ATTEST: Nickolas S. Lewis, City Clerk Lloyd Johnson Mayor I, NICKOLAS S. LEWIS, HEREBY CERTIFY that the foregoing Resolution No. was duly adopted by the City Council of the City of West Covina at a regular meeting thereof, held on the 2nd of July, 2018, by the following vote of the Council; AYES: NOES: ABSENT: ABSTAIN: Nickolas S. Lewis, City Clerk APPROVED AS TO FORM: Kimberly Hall Barlow, City Attorney AGENDA STAFF REPORT City of West Covina | Office of the City Manager DATE: July 2, 2018 TO: Mayor and City Council FROM: Chris Freeland City Manager SUBJECT: FISCAL YEAR 2018-19 THIRD PRELIMINARY BUDGET WORKSHOP RECOMMENDATION: It is recommended that the City Council provide Staff direction on the various City priorities related to the Fiscal Year 2018-19 Operating and Capital Improvement Program Budget. BACKGROUND: On January 30, 2018, the Finance Department held a Fiscal Year (FY) 2018-19 budget kickoff meeting with City of West Covina staff to begin the development of the FY 2018-19 budget. All department budgets were turned into the Finance Department by March 1, 2018, and reviewed with the City Manager over the course of the following weeks. The Finance Department is responsible for the development of the preliminary and final budget preparation. As part of the FY 2018-19 Operating and Capital Improvement Program (CIP) Budget preparation, one Community Budget Workshop was held on May 7, 2018. A FY 18-19 Preliminary Budget Workshop was held on May 14, 2018, and a Second Preliminary Budget Workshop was held on June 11, 2018. At the first Community Budget Workshop, staff provided a Budget 101 to the residents to learn the basics of municipal financing, including terminology, sources of revenues, use of funds, types of funds, and reserves. On May 14, 2018, Staff shared information on the various funds that make up the City of West Covina’s Budget, department responsibilities and discussed the current financial state of the City. Staff requested feedback from the City Council regarding the proposed budget priorities. In addition, Staff sought direction from the City Council on various measures that will help close the AGENDA ITEM NO. 3 Third Preliminary Budget Workshop Page 2 of 8 – July 2, 2018 FY 2018-19 General Fund deficit of $8.7 million and to discuss options to replenish the City’s General Fund reserves to 20% of the FY 2018-19 operating expenditures. On June 5, 2018, the City Council approved Resolution 2018-64 to change the Fund Balance Reserve Policy. The Fund Balance Reserve Policy states that the City shall maintain a minimum unassigned fund balance of at least 17% of General Fund operating expenditures. If the reserve level ever falls below 17%, the City must amend this policy with a plan to rebuild it within three years. At the fiscal year end close, the annual excess revenue over expenditures in the City’s General Fund will be automatically allocated as follows, unless the transfer is overridden by an action of the City Council: 25% stays in the General Fund Balance reserves, 50% is transferred to the City’s Capital Projects Fund, and 25% goes to pay down the City’s Other Post Employment Benefit (OPEB) liability. On June 11, 2018, Staff requested direction from the City Council on various measures that will help close the FY 2018-19 General Fund deficit and options to replenish the City’s General Fund reserves to 17% of the FY 2018-19 operating expenditures. In addition, each City department was given a directive by the City Manager to prepare a list of 10% across the board expenditure cuts for City Council consideration, which were presented during the budget presentation. The City Council approved Staff’s recommendation to take advantage of the CalPERS unfunded liability pre- payment option and to utilize the balance in the Section 115 Trust, which is approximately $320,000, toward this pre-payment. Rather than make monthly payments towards the City’s unfunded liability, the City can make a pre-payment of $10,060,883 in July 2018, which will save approximately $364,393 over the course of the year for the General Fund and approximately $684,393 across all City funds. Continuing Budget Resolution On June 19, 2018, the City Council approved Resolution 2018-79 to continue appropriations up to July 2, 2018 consistent with the FY 2017-18 City of West Covina and the Successor Agency to the Former West Covina Redevelopment Agency operating budgets and capital improvement program. City Council directed Staff to bring back this item on the 3rd Preliminary Budget Meeting for further City Council consideration. Preliminary Budget Information as of May 14, 2018 As of May 14, 2018, estimated FY 2018-19 revenues (including transfers in) on an all funds basis are $119,470,643. Many funds make up the total budget amount, with the largest being the General Fund in the amount of $61,795,577, or 52% of the City’s total budget. Estimated expenditures (including transfers out) for all budgeted funds are estimated at $127,611,584. Many funds make up the total budget amount, with the largest being the General Fund in the amount of $70,468,677, or 55% of the organization’s total. Third Preliminary Budget Workshop Page 3 of 8 – July 2, 2018 Personnel costs inclusive of all City funds are anticipated to increase by $6.3 million from $58.3 million for FY 2017-18 to $64.6 million for FY 2018-19. The majority of the increase is a result of Public Employment Retirement System (PERS) rate increases for pension benefits, increased medical costs, funding for Fire Engine No. 4, and the elimination of the $1.5 million managed savings for Public Safety. General Fund The City’s principal financial goal is to provide an appropriate level of municipal services with the ability to adapt to local and regional economic changes, while maintaining and enhancing the sound fiscal condition of the City. The City’s General Fund has been negatively impacted in the past number of years by the economic recession, increases in pension costs, the State’s elimination of redevelopment, and the State’s raid of local revenues. General Fund Revenues: Total General Fund revenues are projected to be $61,795,577, a decrease of $1 million or 1.6% from the prior year adopted budget. The decrease is due to a decrease in Sales Tax revenues and a decrease in Charges for Services such as the Emergency Medical Service Assessment Fee, Planning Filing Fees, and Fire Plan Check/Inspection Fees. General Fund Expenditures: General Fund expenditures for FY 2018-19 are projected to be $70,468,677. This equates to an increase in expenditures of 12%, or $7,558,093 when compared to the adopted budget for FY 2017-18. The increase is due to a $5.6 million increase in personnel costs and a $2 million increase in materials and services. Personnel increases are due to rising PERS and medical costs, maintaining Fire Engine No. 4, and the elimination of the $1.5 million managed savings for Public Safety that was budgeted in FY 2017-18. Increases in materials and services include a $567,148 transfer to the Capital Projects Fund for residential street rehabilitation in order to meet the City’s required maintenance of effort under Senate Bill 1, an increase in Property & Liability Insurance charges, a transfer to cover the anticipated Police Service Group deficit, increases in contract costs, utilities, and legal expenses, and expenditures related to the upcoming election. General Fund Reserves: The General Fund ending unassigned fund balance, or reserve, is equivalent to a “savings account” to cover unexpected costs or significant economic changes. The intent is to not use this for normal operating expenses. Unless changes are made to this preliminary budget, the General Fund ending unassigned fund balance is projected to be $1.6 million, which is 2.27% of operating expenditures. Capital Improvement Program (CIP): Staff is recommending a number of CIP projects for FY 2018-19, with the majority of them being funded from special revenue funds. These projects are listed on Attachment No. 2 and include an Energy Efficiency for City Buildings project, which staff is proposing to have funded through a City loan, Sewer Main Replacement, upgrades to the Azusa sewer lift station, major and residential street rehabilitation, and Citywide Schools Crosswalk Improvements. Two projects are being Third Preliminary Budget Workshop Page 4 of 8 – July 2, 2018 funded by the General Fund for a total of $657,148. The two General Fund CIP projects are for a Historic Resources Study Update and the City’s Senate Bill 1 Maintenance of Effort portion of the Residential Rehab project. As of May 14, 2018, the General Fund budget deficit was $8.7 million. To replenish reserves to meet the City’s Fund Balance Policy of 20% of operating expenditures, an additional $3.6 million is needed, for a total of $12.3 million. Revisions to the May 14, 2018 Preliminary Budget Since the May 14, 2018 Preliminary Budget Workshop, staff made a number of revenue and expenditure revisions to the budget. The revenue adjustments are based on new information from the Department of Finance and to bring various revenue projections in line with projected actuals for the current fiscal year. The expenditure adjustments are based on new information from the Department of Health Care Services (DHCS) regarding the recent Ground Emergency Medical Transport (GEMT) audit, to correct the chargebacks, and Fire personnel budgets. These revisions include: Revenue Adjustments 1) Increase Ambulance Service revenues 443,227 2) Increase Parking Fine revenues 75,000 3) Increase State Mandated Claims 74,500 4) Increase Towing Franchise revenues 50,000 5) Increase Cell Tower Rent 10,000 6) Increase Waste Management revenues 5,000 7) Adjust Successor Agency Admin Allowance (119,608) Total Revenue Adjustments $538,119 Expenditure Adjustments 1) Correct Property & Liability Insurance Chargebacks 15,152 2) Correct Fire personnel budget 95,211 3) Add 3 Firefighters to the Quint 355,832 4) Payment to DHCS for GEMT Audit 357,000 Total Expenditure Adjustments $823,195 The net effect of these revisions is an increase of $285,076 to the General Fund Operating Deficit. In addition, in accordance with the adoption of Resolution 2018-64 (Fund Balance Reserve Policy), the 17% of operating expenditures as a minimum for unassigned fund balance has been applied. Third Preliminary Budget Workshop Page 5 of 8 – July 2, 2018 May 14, 2018 City Council Direction At the May 14, 2018 Preliminary Budget Workshop, the City Council provided direction to incorporate the following revenue enhancements in the Preliminary Budget: Revenue Adjustments 1) Business License – Commercial Rental clean-up 385,000 2) Towing Industries 200,000 3) Annexations – South Hills and Shadow Oak 100,000 4) Transfer of fund balance from Vehicle Replacement Fund 140,000 5) Sale of City/Successor Agency Properties 163,000 (AAA and MLC Properties) Total Revenue Items $988,000 In addition, the City Council provided direction on the following expenditure cuts to be incorporated into the Preliminary Budget: Expenditure Adjustments 1) Make PERS Pre-payment and deplete Section 115 Trust 613,450 2) Eliminate vacant positions: a. Community Services Coordinator 68,157 b. Finance Accounting Technician 67,719 3) Cut Commission/Treasurer/City Clerk stipends 19,927 Total Expenditure Items $769,253 Based on these recommendations, the General Fund estimated revenues are projected to be $63,321,696 and the General Fund expenditures are projected to be $70,522,619. The General Fund budget deficit decreased from $9 million to $7.2 million. An additional $1.6 million is needed to meet the City’s 17% reserve requirement, for a total of $8.8 million still needed. The City Council also gave direction to incorporate the addition of a new Technology Fee into the City’s Fee Schedule. If approved, this fee is estimated to generate approximately $230,000 per year in revenues to the City. However, these revenues would be set aside into a separate account to be used specifically for technology upgrades related to Building and Engineering, and thus would have no impact on the General Fund. In addition, the City Council provided direction for staff to increase fees on the City’s Fee Schedule, for an estimated $113,000 in additional revenues. However, due to the City’s financial condition and anticipated delays in adopting the FY 2018-19 Budget, estimated increases to existing fees may not be fully realized, and thus were not incorporated. The City’s fees are based on a number of factors and potential restructuring in various departments could drastically change fee amounts. Third Preliminary Budget Workshop Page 6 of 8 – July 2, 2018 June 11, 2018 City Council Direction At the June 11, 2018 Second Preliminary Budget Workshop, the City Council provided direction to incorporate the following revenue enhancements and expenditure cuts into the Preliminary Budget. These revisions include: Revenue Enhancements 1) Crossing Guard Cost Sharing with School District 100,000 Total Revenue Enhancements $100,000 Expenditure Cuts 1) Increase Commission stipends back to 2012 amounts (9,260) Stipends were eliminated entirely as part of May 14th Mtg 2) Cuts to City Council / City Manager budget 169,393 3) Cuts to City Clerk budget 36,168 4) Cuts to Finance budget 26,150 5) Cuts to Information Technology budget 96,449 6) Cuts to Human Resources budget 83,972 7) Cuts to Planning budget 17,894 8) Cuts to Public Works budget 295,152 9) Cuts to Community Services budget 132,516 10) Cuts to Special Events 100,000 Total Expenditure Cuts $948,434 Based on these approved adjustments, the General Fund estimated revenues are projected to be $63,421,696 and the General Fund expenditures are projected to be $69,574,185. The General Fund budget deficit decreased from $7.2 million to $6.2 million. An additional $1.4 million is needed to meet the City’s 17% reserve requirement, for a total of $7.6 million still needed. DISCUSSION: Since the June 11, 2018 Second Preliminary Budget Workshop, staff made a number of revenue and expenditure revisions to the budget. These revisions include: Revenue Adjustments 1) Increase to Finance revenues 30,000 2) Increase to Animal Control revenues 50,000 3) Increase to Traffic Citation revenues 100,000 4) Decrease to Franchise Fees due to updated projections (64,000) Total Revenue Items $116,000 Third Preliminary Budget Workshop Page 7 of 8 – July 2, 2018 Expenditure Adjustments 1) Increase personnel budget due to Misc. MOU Amendments (167,094) 2) Update Fire personnel budget (15,933) 3) Adjust Comm Svcs budget due to Orangewood Daycare closure 78,502 4) Increase Police overtime budget (1,619,250) 5) Decrease Fire overtime budget 863,600 6) Increase Animal Control costs (242,200) 7) BICEP Insurance Premium increase (109,567) 8) Increase professional services for Accounting Services (86,900) 9) Eliminate GF transfer to Police Service Group (non-operating) 460,314 Total Expenditure Items $(838,528) A timeline of the General Fund deficit is illustrated below: Pending Items There are still a number of labor contracts that are expired as of the date of this Third Preliminary Budget Meeting. At the June 19, 2018 City Council Meeting, City Council approved Amendments to the Memorandum of Understanding (MOU) for the NonSworn Safety Support Association PRELIMINARY BUDGET 1st Preliminary Budget Wrkshp CC DIRECTION 2nd Preliminary Budget Wrkshp ADJUSTMENTS 2nd Preliminary Budget Wrkshp CC DIRECTION PRELIMINARY BUDGET SUBTOTAL as of 6/11/18 3rd Preliminary Budget Wrkshp ADJUSTMENTS PRELIMINARY BUDGET ADJUSTED TOTAL as of 7/2/18 5/14/2018 6/11/2018 6/11/2018 7/2/2018 Revenue 61,795,577 988,000 538,119 100,000 63,421,696 116,000 63,537,696 Expenditures (70,468,677)769,253 (823,195)948,434 (69,574,185)(838,528)(70,412,713) Operating Deficit (8,673,100)(6,152,489)(6,875,017) Replenish GF Reserves per Reserve Policy (3,633,864)1 2,234,676 2 (1,399,188)(1,619,991)2 Total Preliminary GF Deficit (12,306,964)(7,551,677)(8,495,008) UNASSIGNED FUND BALANCE: 7/1/18 Proj F/B & Adjmnt to Non-Spendable Reserve 10,250,216 10,250,216 10,250,216 Operating Deficit (8,673,100)(6,152,489)(6,875,017) 6/30/19 Adjusted Proj F/B & Adj to Non-Spendable Reserve 1,577,116 4,097,727 3,375,199 Required Unassigned Reserve 13,884,080 11,649,404 11,870,207 Note 1 : 20% General Fund Reserve Policy Note 2 : 17% General Fund Reserve Policy Third Preliminary Budget Workshop Page 8 of 8 — July 2,2018 through June 30, 2017, and the Confidential Employees' Association, General Employees' Association, Maintenance and Crafts Employees' Association and Mid-Management Employees' Association MOU' s through June 30,2019. Negotiations for other labor unions are still in progress and the costs for amending these outstanding contracts are unknown at this time. The contracts that are currently expired are as follows: • Department Heads — expired June 30, 2017 • NonSwom Safety Support — expired June 30, 2017 • Fire Management Association — expired June 30, 2016 • Firefighters' Association — expired December 31, 2016 • Police Officers' Association — expired December 31, 2016 FISCAL IMPACT: Each of the proposed department cuts will impact City Services to varying degrees. Freezing of vacant positions or other similar cuts to the organization staffing levels will increase the workload on current employees; will impact wait times at public counters and processing times for service requests; and likely increase response times from Public Safety on emergency and non-emergency calls. City staff will make every effort to continue to provide the best quality service to the community with the resources available. Prepared by: iebggitait