SR 06:259 - Laserfiche WebLink

As of June 30, 2006, actual revenue to these Funds was slightly under budget due, for the most part, to a miscalculation of interest earnings projections. Expenditures, on the other hand, continue to occur slower than expected. Therefore, staff is recommending that the budget for many of the expenditures plarmed for FY 2005-06 be carried over to FY 2006-07. As part of this report, staff is recommending that the Equipment and Replacement Fund be increased by $1.1 million to offset anticipated costs related to the 800MHz radio system. As the Council recalls, the cities of Pleasanton and Livermore (cities) jointly own and operate an 800 MHz Motorola SmartNet Trunked radio system that was originally purchased in the late 1980's. The current system is outdated, has experienced some operational issues, and due to its age, upgrades are limited. As a result, the cities anticipate a need for system replacement. As part of this process, the cities have secured consultant services to review options for system replacement or upgrade. Because the study is currently in progress, staff does not have detailed information available regarding potential costs. However, it is anticipated that upgrades will significantly exceed the amount available in the Equipment Replacement Fund and as a result, the additional funding is being recommended. Staff anticipates reporting to the City Council during the first quarter of 2007 regarding a recommended approach to this issue. It is also recommended that the Parks & Median Renovation Fund be increased by $200,000. In June 2006, City Council approved the concept and partial funding of 3 year city-wide tree trimming program to correct structural problems and eliminate future hazards. The annual cost is expected to be $425,000 per year, or a total of $1,275,000 from FY 2006-07 through FY 2008-09. At the Mid-Term budget update City Council authorized moving $225,000 from the operating budget to Park & Median Renovation Fund and added another $675,000, for a total of $900,000. This action funded the $425,000 budgeted in FY 2006-07, pre-funded the $425,000 needed in FY 2007-08, and $50,000 of the $425,000 that will be required in FY 2008-09. The staff recommendation also includes increasing the Facilities Renovation Fund by $75,000 to cover the cost of furniture and fixtures for the Veterans Memorial Building renovation project. As previously discussed, funds are being carried over in the Fire Department budget (Pleasanton's share) to supplement replacement funding for new breathing apparatus. The Fire Department will be presenting a staff report to the City Council in the future outlining the need for the replacement, a better estimate of the costs, and the funding plan. LPFD Workers Compensation Fund Expenditures exceeded budget by $678,000 due primarily to the injury accident of a City firefighter that occurred this year. Therefore, the year-end report includes a budget amendment in this amount. It is anticipated that additional contributions to this Fund will be necessary in the next two-year budget cycle to maintain adequate reserves. As discussed under the General Fund section of this report and above, $375,000 is being set aside in the carryover reserve to partially offset additional funding needed for replacement breathing apparatus and to rebuild the SR 06:259 10