20 - Laserfiche WebLink

Capital Outlay Capital Outlay costs are estimated to decrease by 3.8% in FY 2015/16 and to increase by 9.5% in FY 2016/17. The Capital Outlay category includes the purchase of new vehicles, office equipment, computers, software, and field equipment versus the Repairs and Maintenance category which funds the repair and replacement of existing City assets. The majority of the expenditures in both FY 2015/16 and FY 2016/17 and the increase in this category in FY 2016/17 of $30,550 over the FY 2014/5 Midyear Budget are to update the library collection, including books and other media, periodicals, online reference service, and e-books. Operating & Capital Transfers Operating transfers to the General Fund include a transfer from the Retiree Medical Fund ($681,000 in FY 2015/16 and $776,000 in FY 2016/17) to return the implied subsidy paid by the General Fund on retirees' medical premiums and a transfer from the Golf Course Fund ($312,475 in FY 2015/16 and $355,701 in FY 2016/17) equal to estimated net revenues to repay the General Fund loan originally established to help pay for the Happy Valley infrastructure that was required for the Callippe Golf Course. Operating transfers from the General Fund include operating subsidies to the Transit Fund, Storm Drain Fund, and the Cemetery Fund. There are also transfers from the General Fund to the Water and Sewer Funds to fund the senior and low income water and sewer discounts. Under Proposition 218, one classification of water customers can not subsidize another; therefore, if a City desires to provide senior and low income discounts to their customers they must fund the discounts through the General Fund of the City. Finally, there is a transfer from the General Fund to the Capital Improvement fund to fund the City's Capital Improvement Program (CIP). Staff is recommending to increase the General Fund transfer to the Capital Improvement Fund to $3,160,000 in FY 2015/16 and to $3,240,000 in FY 2016/17 to address capital project funding requirements that the City was unable to meet during the Great Recession. However, this amount will increase by $2.7 million if the City Council adopts the strategy to pre-fund CaIPERS and OPEB liabilities discussed earlier in the City Manager's Budget Message. 9