RES 96032 - Laserfiche WebLink

Building and Public Works Fees Building Permit and Plan Cheek collections through December of this year were $1.3 million compared to $1 million in the same period of the previous year. Through March 1996, total revenues were $1.8 million. Therefore, staff is increasing Building Permit and Building Plan Check fee projections by $655,000 from $1.4 million to $2 million. Engineering Inspection and Plan Check fee estimates have also been increased, by $124,000, from $611,000 to $735,000. In total, staff is projecting a net increase of about $800,000 in combined Building, Public Works and Plan Cheek Fees. However, as part of the 1995-96/1996-97 end of the first year review, staff will likely be making a recommendation to carryover some of these revenues to fund 1996-97 services needed to provide building and public works inspections relating to the construction and improvement activities. A preliminary review of Public Works fees and related inspections indicates the likelihood that $100,000 will need to be eartied over to match funding to the period (fiscal year) in which the services will be provided and costs incurred. A timeline of the Building department work flow, in relation to revenue collections, has not yet been finalized. Therefore, the overall carryover amount is not yet known, and will be determined during the upcoming review of the two-year budget as of the end of the first year. Planning revenues are on target with projections, with only some small line item adjustments being requested. Overall the net increase in projected revenue is $28,000. The adjusted projection is now $179,000. Recreation Revenues Recreation revenues are estimated to be $1.56 million, which is $34,000 less than the original projection. PERS One-Time Ad_iustment PERS (Public Employees' Retirement System) has given the City a one-time adjustment this year of $1,020,000 resulting from an actuarial evaluation conducted at year end June 30, 1995. Since this adjustment relates to employee costs, staff is recommending that it be utilized to offset other personnel costs that are not currently being fully funded. In particular, staff is recommending, as in the past, that a total of $1 million be transferred to the currently underfunded Workers' Comp Fund and the Retirees' Medical Fund. This transfer will bring these two Funds to recommended levels through 1995-96, based on previous actuarial studies conducted by independent consultants. SR 96:120 4