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A"1'TACHMENT A City Council Work Plan for 2007-2008 (January 24, 2007 DRAFTI Goals Pro'ect Description CITY FINANCES Plan For and React To Future State Fiscal Issues; Maintaining the City's Fiscal Sustainability Comprehensive User Fee Study This will involve evaluating City fees to determine appropriateness of existing amounts. This will primarily involve evaluation of development processing fees (e.g. planning, building, engineering). Long-Term Fiscal Analysis (General Plan) This involves developing long-term fnancial planning consistent with revenue and expenditure projections, including cost containment initiatives. 2-year Operating Budget and 4-year Capital Improvement This is a biannual effort involving the development of the City's Plan operating budget and capital improvement plan (CIP). The operating budget funds the City's annual services, programs and activities. The CIP is a financial plan that enables construction of various public improvements (e.g.. streets, parks, facilities, etc). Development Impact Fee "Nexus Study" (AB 1600) The City's development fees were last updated in 1998. Assembly Bill 1600 requires cities to conduct a "nexus study" anytime fees are adjusted. The study provides a nexus between new development fees and all future public improvements (e.g., parks, streets, public facilities). A revised nexus study would ensure that new development pays its pr rata share of public improvements; it also allows the City to adjust the list of eligible public projects for development fee fnancing. GASB 45 Implementation Implement new accounting standards which require the City to post current and accrued liability for the City's retiree medical programs. The standard must be reflected in the City's Comprehensive Annual Financial Report in 2008. Labor Negotiations The police and fre labor contracts expire in 2007 and 2008. State law requires the City to meet and confer over salary, benefits and working conditions whenever a contract is set to expire. Among other things, this project will involve developing consensus with the City of Livermore, our partner agency, regarding negotiating parameters, term compensation, etc. for the final contract. Public /Private Sector Compensation Study This project is currently underway. It involves the development of a public and private sector salary survey to assess compensation levels throughout the City's management ranks. A Council Subcommittee has been formed to assist staff in gathering and assessing data. Water and Sewer Rate(s) Study Water and Sewer rates have not been adjusted in several years to reflect Zone 7 or DSRSD increases. As a result, both enterprise funds have absorbed these increases in lieu of adjusting water and sewer rates charged to the public. This project would assess current rates, future maintenance needs, and suggest along-term rate strategy to ensure that the both enterprise activities remain fiscally sustainable. The project includes considering water conservation as one element of the rate study. City Council Rork Nlnn 200708 Drn(1 For Adop[ionsls Paec'_ of fi