Budget Public Hearing 6/16/2015

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1 Agenda Brea Community Benefit Financing Authority Budget FY Operating Budget Successor Agency Budget Brea Public Financing Authority Budget Brea Community Benefit Financing Authority Budget Midbury Assessment Authority Budget Capital Improvement Program (CIP) Budget User Fee Update 1

2 Fiscal Year Brea Community Benefit Financing Authority Budget

3 FY Brea Community Benefit Financing Authority Budget 2014 Water Revenue Bonds issued for $18,555,000 Reimbursement of Inter-fund loan for 1,277.7 Shares of Class A Preferred Water Stock purchased in May 2014 FY Expenditures Bond Interest - $298,913 Water Utility Fund - $20,729,710

4 FY Proposed Budget Public Hearing June 16, 2015

5 Fiscal Year City s Operating Budget

6 Economic Outlook Stable home values with slight increases in Improving housing market with jumpstart in new home sales Improving unemployment rates Tapering sales tax growth Fluctuating gas prices Marginal revenue growth Increasing costs of goods and services 6

7 Budget Process Budget Kick Off Meeting Mid Year Budget Update with Council Department Budget Meetings Budget Update to BEST Group Budget Workshop With Council Public Hearing to Adopt Budgets 7

8 Budget Overview Balanced Budget Improved Service Levels Community Service Programs Theatre, Gallery, Fitness Center, etc. Equipment Maintenance and Water Utility Police Services Safety and Information Technology Enhancements Maintains Annual Transfers to the Fixed Asset Replacement Program (FARP) and Community Center Replacement Fund Healthy Reserves ( 33 percent or $17.2 million) 8

9 FY Highlights Acquired 295 share of Cal Domestic Common stock Produced City video: Live, Work, Play; designed to promote Brea to potential businesses, employees and residents Adopted the Housing Element Added four sculptures to Brea s Art in Public Places collection Upgraded to a virtualized Fire Records Management System (RMS) Issued $18.5 million in Water Revenue bonds Produced Police Recruitment Video, recruitment brochure, banners and other materials for Police Department presence at local colleges, police academies and other venues hosting career fairs. 9

FY 2015-16 General Fund Revenues $1.10, Business License $8.76, Other Sources $1.00, Licenses, Permits & Net Transfers $21.00, Sales Tax $1.

10 FY General Fund Revenues $1.10, Business License $8.76, Other Sources $1.00, Licenses, Permits & Net Transfers $21.00, Sales Tax $1.77, Franchise Fees $1.50, Transient Occupancy Tax $2.70, Paramedic Tax $3.22, Motor Vehicle License Fees TOTAL: $52.2 Million $2.98, Community Services $8.14, Property Tax 10

FY 2015-16 General Fund Expenditures Community Services, $6.99 Administrative Services, $3.50 Management Services, $2.

11 FY General Fund Expenditures Community Services, $6.99 Administrative Services, $3.50 Management Services, $2.07 Public Works, $5.54 Police Services, $19.23 Community Development, $2.83 Fire Services, $11.73 TOTAL: $51.9 Million 11

12 FY Highlights Staffing Changes Added two part-time Police Cadets and added six Senior Police Cadet designations Added Community Services Revenues and Staffing Increases Reclassified Water Distribution Operator to Water Distribution Crew Leader Added part-time Maintenance Service Worker to the Equipment Maintenance Division Added part-time hours for Management Analyst 12

13 FY Highlights Community Enhancements Exterior Improvements to the Brea Community Center Facilities and Gymnasium Equipment Improvements Youth Program Facility Improvements Family Resource Center Conference Center Improvements Civic Center Tree and Holiday Decoration Enhancements Theatre Equipment Replacement Public Safety Improvements Replacement of SWAT Vests Replacement of Electronic Conducted Weapons (TASER) Radio Consoles, Radio Equipment and Hot Red Mobile Radios 13

14 FY Highlights Technology Improvements Employee Performance Evaluation Software Recreation Software Replacement Upgrade SharePoint for City s Intranet Storage Area Network (SAN) Replacement Utility Billing Software Replacement IT Operational Assessment 14

15 Budget Assumptions Fiscal Year Overall operational growth 1.2 percent Overall revenue growth 3.7 percent Sales tax 1.6 percent Property tax 12.5 percent Fiscal Year Overall operational growth 1.3 percent Overall revenue growth 3.2 percent Sales tax 2.4 percent (plus true-up from unwinding of Triple Flip) Property tax 6 percent FARP Fund Transfer $600,000 Community Center Replacement Fund Transfer $167,000 Assumes an additional $500,000 in PERS Costs for the next five years 15

16 Budget Assumptions Fiscal Year Overall operational growth 1 percent Overall revenue growth 0.2 percent Sales tax 4 percent (minus true-up from unwinding of Triple Flip) Property tax 2 percent FARP Fund Transfer $600,000 Community Center Replacement Fund Transfer $167,000 Assumes public safety retirements Fiscal Year Overall operational growth 1 percent Overall revenue growth 1.4 percent Sales tax 4 percent Property tax FLAT FARP Fund Transfer $600,000 Community Center Replacement Fund Transfer $167,000 Assumes public safety retirements 16

17 Budget Assumptions Fiscal Year & Overall operational growth 1.5 percent Overall revenue growth 2 percent FARP Fund Transfer $600,000 Community Center Replacement Fund Transfer $167,000 Assumes public safety retirements 17

18 Five Year Projections 18

19 Fiscal Year Successor Agency Budget

20 Successor Agency Description FY Housing $ 211,000 Long Term Obligations 17,086,587 Administration 185,620 Support Services 396,588 Total Agency Budget $ 17,879,795 20

21 Fiscal Year Public Financing Authority Budget

22 Public Financing Authority Budget 2004 Lease Revenue Bonds issued for $4,330,000 Annual Debt Payment - $349, Tax Allocation Bonds issued for $20,925,000 Annual Debt Payment - $2,050, Water Revenue Bonds issued for $25,800,000 Annual Debt Payment - $1,860,800 22

23 Public Financing Authority Budget 2010 Water Revenue Bonds issued for $12,295,000 Annual Debt Payment - $1,169, Lease Revenue Bonds issued for $2,835,000 Annual Debt Payment - $188, Refunding lease Revenue Bonds issued for $9,460,000 Annual Debt Payment - $1,042,900 23

24 Fiscal Year Brea Community Benefit Financing Authority Budget

25 Brea Community Benefit Financing Authority 2014 Water Revenue Bonds issued for $18,555,000 Reimbursement of Inter-fund loan for 1,277.7 Shares of Class A Preferred Water Stock purchased in May 2014 FY Expenditures Annual Debt Payment - $1,124,000

26 Fiscal Year Midbury Assessment Authority Budget

27 Midbury Assessment Authority In 1999, the City of Brea entered into a Joint Powers Agreement (JPA) with Los Angeles County and Orange County to form the Midbury Assessment Authority (MMA) The MMA was created as a means for each party to contribute funding to a street improvement project, to form an assessment district and to levy an assessment to finance the balance of the cost of the project The street improvement project was completed in FY and the fixed assessments will conclude in FY FY Expenditures: $6,480

28 Seven Year Capital Improvement Program (CIP) Budget FY thru FY

29 Goals: Enhance quality of life Maintain City s infrastructure, buildings and facilities Promote transportation improvements 80 projects identified in the 7-Year CIP $165.4 million 47 projects recommended for funding in FY $29.1 million 29

30 CIP Categories Facility Street Improvements Traffic Safety Enhancements 23 Projects $92.1 million 16 Projects $5.1 million Sewer 19.6% Water Improvements 21 Projects $26.1 million 0.5% Storm Drain 5.8% 16% 54.6% Street Storm Drain Improvements Sewer Improvements 3 Projects $747,400 4 Projects $9.5 million Water Facility Improvements 13 Projects $31.9 million Traffic Safety 3.4% 80 Projects $165.4 million 30

Significant Projects Completed Berry Valencia Street Ave & Imperial Landscape Hwy Sewer Median Main Replacement Enhancement Valencia Imperial Avenue Landscape

31 Significant Projects Completed Berry Valencia Street Ave & Imperial Landscape Hwy Sewer Median Main Replacement Enhancement Valencia Imperial Avenue Landscape Highway Greenbelt Median Improvements Enhancement Imperial Wildcat Highway Way Rehabilitation Greenbelt Improvements Tracks at Brea (Segment (Soil 3) Soil Remediation) 31

32 Projects Going into Construction Fuel Island Improvements at City Yard Traffic Control Technology Program (Phase 2) Tracks at Brea Trail Improvements (Segment 3) Traffic Signal at Tracks at Brea (Segment 3) Senior Center ADA (Phase 2) and Safety Improvements 32

33 Projects Under Design or going into Design Randolph/Imperial Sewer Replacement (Phase 7) Tracks At Brea (Segment 2&4) Soil Remediation and Trail Improvements North Brea Underground Utility District No. 8 SR 57- Lambert Interchange Tracks at Brea (Segment 6) Trail Improvements 33

34 FY CIP Budget Summary Budget $29.1 Million 47 projects proposed 13 new projects proposed totaling $6.9 million 34

New Projects 2015-16 Central Ave. and Tamarack Ave.

35 New Projects Central Ave. and Tamarack Ave. Intersection Improvement Alley Rehabilitation East of Redwood North of Birch Street Alley Rehabilitation East of Puente North of Joyce Avenue Cliffwood Industrial Park Pavement Rehabilitation Kraemer Blvd. and Lambert Road (Phase 3) Rehabilitation 35

New Projects 2015-16 New Traffic Signal at Associated Rd. and Sleepy Hollow Ln.

36 New Projects New Traffic Signal at Associated Rd. and Sleepy Hollow Ln. Brea Mall Bus Stop Improvements Senior Center Facility Improvements Civic & Cultural Center Roof Replacement 36

New Projects 2015-16 Pump Replacement at Carbon Canyon Booster Station No.

37 New Projects Pump Replacement at Carbon Canyon Booster Station No. 3 Valencia Reservoir Repainting Briarwood Sewer Lift Station Rehabilitation 37

38 FY Summary of Expenditures by Fund Funding Source Amount Fund 182 (Fixed Asset Replacement) $2,197,240 Fund 220 (Gas Tax) $2,080,900 Fund 260 (Measure M) $1,300,027 Fund 290 (CDBG) $100,440 Fund 410 (Urban Runoff) $261,000 Fund 420 (Water) $3,502,000 Fund 430 (Sewer) $1,153,000 Fund 440 (Sanitation) $100,000 Fund 480 (Equipment & Vehicle Maintenance) $274,000 Fund 540 (Traffic Impact) $3,918,894 Fund 541 (Water Impact) $600,000 Federal Grants $7,393,650 State Grants $1,931,050 County Grants $2,799,201 Other (Funded) $1,448,892 TOTAL $29,060,294 38

39 Questions?

40 Fiscal Year User Fee Update

41 Fee Updates Service Fee/ License/ Permit Current Fee Proposed Fee Returned Item (2 nd Offense) Returned Check and Electronic Payments $25 $35 Overnight Parking Permit (In Person) $20 $25 41

42 Questions?

Fiscal Year Proposed Budget

Fiscal Year Proposed Budget Fiscal Year 2013-2014 Proposed Budget Tonight s Agenda Discussion of economic trends and issues. High-level discussion of proposed City budget. General Fund Specifics Updated Forecast Future meeting schedule