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SUBJECT: 2019-2020 BUDGET AND LONG-TERM FINANCIAL PLAN <br />DATE: OCTOBER 12, 2018 <br />PAGE2OF2 <br />Street Signs, Restroom Enclosure, Tennis Court Renovations, Repurpose Inline <br />Rink, Alley Paving Program, Multi -Purpose Field, Vault Restroom, Rec Center <br />HVAC Replacement, Sports Complex Facelift with Lafayette and the Coal Creek <br />Golf Center. <br />Specific discussion/direction staff needs addressed on October 12, 2018: <br />1) Finalize long-term revenue assumptions and expenditure targets and any <br />additional General Fund increases in staffing and/or service levels in response to <br />significant reserves. <br />2) Finalize Rec Center fees. <br />3) Direction on any capital contributions/transfers to the Recreation and Golf Funds. <br />Staff supports the current practice of having capital for both these areas compete <br />against other capital requests in the Capital Improvements Program, rather than <br />an automatic transfer. This ensures the most competitive projects move forward <br />with the proper consideration. <br />4) Direction on General Fund transfer amounts for operational support of the <br />Recreation and Golf Funds. These amounts in the Recreation Fund have <br />decreased due to potential changes in expenditure targets and may decrease <br />further with additional increases in proposed fee revenue. Staff supports the <br />projected transfer amount to the Recreation Fund, as similar to previous levels of <br />support. The transfer to the Golf Course Fund has increased due to increases in <br />the variable hours (discussed on October 4). Staff would like further direction on <br />whether to consider marginal cost billing for reuse water, which would apply only <br />to City parks and golf operations. <br />5) Direction on any renewal and replacement considerations and the necessary <br />transfers to accommodate renewal and replacement reserves. <br />6) Direction on Proposed 2019-2020 Operating and Capital Budget and 2019-2024 <br />Capital Improvements Plan. <br />FISCAL IMPACT: <br />2019-2020 budget implications. <br />RECOMMENDATION: <br />Discussion/Direction <br />ATTACHMENT(S): <br />1. Additional Power Point Slides for October 12 Special Meeting <br />2. Recreation Center Fees Updated Information <br />3. Renewal and Replacement Spreadsheets for Recreation and Golf Funds <br />4. Proposed 2019-2024 Capital Improvements Plan <br />CITY COUNCIL COMMUNICATION <br />4 <br />