RES 95012 - Laserfiche WebLink

Since the City's policy is to not rely on one-time revenues to fund operations, past practice has been to use them for capital needs. Therefore, staff is recommending that $401,782 be added to the General Fund Capital Projects Reserve, but not be appropriated until the 1995-96/1999-2000 CIP is presented next spring. This transfer along with the previously approved $738,000 transfer from the Case Avenue project will bring the total in the General Fund Capital Reserve to $1.1 million. At the time next year's CIP is presented, staff will have updated information regarding the swimming pool project, the completion of the community park at Hopyard and Valley, and the North Pleasanton Community Park project. Council can then appropriate the funds according to the priorities determined. Should development funding not be received in the timeframe projected in the CIP, the $1.1 million could be used as an advance to keep already approved projects on schedule. With the potential reduction of 50% of Ruby Hill's fees in the Park CIP, the current 5-Year CIP will be short about $1 million over years 3 and 5 (1996-97 through 1998-99) to complete all the projects presented when the CIP was adopted. Potentially the $1.1 million General Fund Capital Reserve could be used to fill this gap. = Furthermore, there are still many projects in the CIP for which funding has yet to be identified. These projects are shown in Attachment A to this report. RECOMMENDATIONS REGARDING THE REMAINING FUNDS While the economy seems to be improving, the City, County, and State are still not able to fund all needed services. The City must continue to keep a watchful eye on its finances, looking for ways to provide more with less. Increased efficiency, productivity, employee morale and cooperation are essential to achieving this goal. Therefore, staff is recommending that the balance of the funds be used in ways to promote the goal of providing quality services while ensuring good long term financial health. Approximately $50,000 is currently budgeted to add a modular building to City Hall to help address overcrowding and the resulting loss of productivity. Recognizing that the construction of a new, larger City Hall is many years away in the Capital Improvement Program, staff is recommending that up to an additional $240,000 be advanced from the General Fund balance for permanent additions that may be necessary or advantageous as part of this project. Staff is currently designing a modular space plan and a plan that would add limited additional space to City Hall as SR95:32 3