2014-03-19 Special Council Meeting Minutes (20140401) FINAL

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• The budget adds a net of 25 new positions in certain keys areas throughout the City that not only target maintenance of infrastructure, but also seek to improve and restore service levels in crucial areas such as public safety. • For the first time since a reserve policy of 10% was adopted by Council for the General Fund in 2010-11, the General Fund is projected to end fiscal year 2013-14 in compliance with the policy reflecting an estimated reserve of 17.0%. • There are positive economic signs in the Inland Empire, as well as in Colton specifically, such as an increase in investor interest and real estate activity, in addition to modest population growth. • The budget includes funding for the completion of the West Valley Specific Plan and Habitat Conservation Plan, as well as the General Plan Update and Housing Element Update, which are all key to the City's ability to move development forward. • The budget also includes maintenance items related to the City's recreational facilities such as roof repair at the main library and Gonzales Center's racquetball courts, as well as playground equipment repair in various City parks. • The budget continues to include various types of funding that enable the City to fund infrastructure improvements throughout the City. This funding includes Community Development Block Grant (CDBG) funds, gas tax monies, park and traffic impact fees, as well as various other grants. • With respect to Water Utility infrastructure, the budget continues to fund year two of a three- year plan to convert to automated meters, as well as CIP related to new wells and main line replacement. • The Wastewater Utility will fund upgrades at the sewer treatment plant and RIX facility. • The Electric Utility implemented a 5% rate reduction on July 1, 2013. The Department is studying new rate structures for possible future implementation. General Fund Review:. (Fund Balance Projected EOY = 17% (Policy 10%) • Personnel • Services and Supplies • Capital Outlay • Special Revenue Fund Review: • Pension Obligation, Gas Tax, State Traffic Relief, Community Development, CDBG Programs, Measure I, Misc. Grants, Host City Fees, Development Impact Fees • Enterprise Fund Review: • Electric, Water, Waste Water • Internal Service Fund Review: • Information/GIS Funds, Self -Insurance Fund, Automotive Shops, Facilities and Equipment Maintenance 2014 MAR 19 SPEC CC/SARDA/CUA/CPFA/CHA MEETING _2_