TO:
Honorable Mayor and Members of the City Council
THROUGH:
Bruce Moe, City Manager
FROM:
Stephanie Katsouleas, Public Works Director
Steve Charelian, Finance Director
Shawn Igoe, Utilities Manager
SUBJECT:Title
Receive a Presentation and Consider Amending Proposed Fiscal Year 2020-2021 Storm Water Budget Expenditures (Public Works Director Katsouleas).
DISCUSS AND PROVIDE DIRECTION
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Recommended Action
RECOMMENDATION:
Staff recommends that City Council receive this detailed report on storm water expenditures proposed for Fiscal Year (FY) 2020-2021 and consider whether to amend any budgeted items.
FISCAL IMPLICATIONS:
The proposed storm water budget this year totals $2,697,756, of which $1,210,000 is from prior year appropriations that were "reprogrammed" in the Capital Improvement Program (CIP) to better align the expenditure with the year in which the projects will actually commence. Therefore, "newly programmed" funds for FY 2020-2021 are actually $1,487,756. Of this amount, revenues totaling approximately $345,000 are collected through assessments on property taxes. Another $410,000 in revenues is allocated to the City's CIP through the County's Measure W local return program. The residual balance is $732,756. Note that total annual revenues also include interest earnings and a modest reimbursement from Caltrans for street sweeping on Sepulveda Boulevard. Expenditures exceeding total revenues are funded by a transfer from the General Fund to the Storm Water Fund.
BACKGROUND:
On June 11, 2020, City Council directed staff to provide a detailed summary of the proposed expenditures for the FY 2020-2021 Storm Water Program so that Council may consider additional cost-cutting measures in light of the financial impacts caused by Covid-19. City Council previously received a comprehensive presentation on the City's storm water program on October 1, 2019, along with a host of supporting documents de...
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