CITY COUNCL SUPPLEMENTAL - Laserfiche WebLink

SUPPLEMENTAL MATERIAL 8 contributions. Year 1 $7.221M includes $1M CIP contribution and $6.22 million that was placed in the Deferred Maintenance – Asset Management Plan project. Year two $9.391 million includes $3.25 million CIP contribution and $6.14 million that was placed in in the Deferred Maintenance – Asset Management Plan project. 12. Pg 36 – What would be the additional amount (in dollars) needed to maintain a 20% unrestricted reserve ending fund balance in each of the years (FY 2025/26 & FY 2026/27)? A. Below is a table showing the additional amount needed to maintain a 20.0% unrestricted fund balance in the General Fund based on the proposed operating budget for FY 2025/26 and FY 2026/27. 13. Pg 264 – Costco Sales Tax – when is the full amount anticipated to pay off so that we retain 100% (as compared to the 60% we retain now)? A. Once Costco has provided the certified final costs, we will work with them to determine the payment period. Based on a prior analysis, it can take the City more than a decade to repay the costs. 14. Do we know or have direction on where the City will end up for FY 2024/25 ending 6/30/25? A. It is a bit early to project where the General Fund will end up for the current fiscal year due to various reconciliations that happen at year-end. For example, some of the interfund charges are calculated based on actual annual personnel costs. Occasionally, as part of the internal auditing process, some adjustments may be necessary to ensure costs are booked against correct funding sources. These reviews are performed periodically, and any identified issues are fixed, but the final review and adjustments happen at year-end. 15. What is the Water Rate Increase amount and effect on the budget? How much was in the forecast, and now with the proposed rates, what does that do to the budget? A. 5.0% and 5.2% rate increases are included in the budget for FY 2025/26 and FY 2026/27. Based on the current approved financial model of 15% for the Projected Ending Fund Balance at 6/30/26 FY 2025/26 20.0% Unrestricted FB Target Additional amount needed for 20.0% Projected Ending Fund Balance at 6/30/27 FY 2026/27 20.0% Unrestricted FB Target Additional amount needed for 20.0% Unrestricted GF Reserve (Operating Only)$30,905,982 $30,937,563 $31,581 $30,954,601 $32,133,266 $1,178,665 Unrestricted GF Reserve (Operating & Transfers)$30,905,982 $33,035,763 $2,129,781 $30,954,601 $34,241,466 $3,286,865