Agenda Packet 12-10-18 Meeting - REVISED

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One-time funding requests Community Safety Initiative $8,662,000 Downtown Operations 954,000 Capital Transfer for Homeless Shelter Options 900,000 Dusk to Dawn/Hwy 99 Support 300,000 Climate Recovery Ordinance Implementation 190,000 Employee Relations Support 133,000 Citywide Communications 100,000 Total One-time Funding Requests: $11,239,000 Total SB1 requests $17,347,754 The funding requested for prior fiscal year encumbrances, reappropriations and one-time expenditures exceeds the available MBWC, which necessitated the use of additional funding sources in this Supplemental Budget. An outline of these funds and the requests that they support is included in the table on the following page. The Property Tax Appeals Reserve, budgeted at $0.5 million in FY19, is a set aside of funds pending the outcome of large property tax appeals. The purpose of this reserve was to mitigate potential impacts from the appeal by Comcast. Since that appeal has been settled, and n o large appeals are anticipated at this time the City Manager recommends the use of the funds in this reserve to support the Community Safety Initiative bridge funding. The Excess Local Marijuana Tax Reserve represents an estimate of local marijuana tax collections in excess of budgeted amounts. This reserve was created for the FY19 Proposed Budget to provide transparency on the future use of these funds, which have been designated by council for parks security, community justice and human services. The Excess Local Marijuana Tax Reserve was set at $250,000 in the FY19 Proposed Budget and subsequently reduced to $49,177 by recommendation of the Budget Committee in order to provide one-time funding in the amount of $200,823 for the Dusk to Dawn program. The City Manager recommends the use of the remaining $49,177 to support the Community Safety Initiative bridge funding, which aligns with the restrictions on the use of these funds. The City received the first distribution of local marijuana tax revenues in the fall of 2017 and has been closely monitoring this revenue source to determine trends and realistic estimates. This Supplemental Budget recognizes an additional $675,000 in local marijuana tax revenues, which are allocated to a capital transfer for Homeless Shelter Options. Per the City’s Financial Management Goals and Policies the General Fund transfer to the General Capital Projects Fund, used to support ongoing preservation of General Fund building assets and Parks and Open space parks preservation and maintenance, is one of the highest priorities for use of MBWC. This year, the City Manager recommends that this $0.9 million transfer be directed to the General Capital Projects Fund to support capital costs associated with Homeless Shelter Options. To ensure that General Fund building assets and parks preservation and maintenance continue to receive support, the City will use existing resources in the General Capital Projects Fund from previous MBWC transfers that had been set aside for a future City Hall. This existing funding totals $1.75 million. 4 December 10, 2018, Meeting – Item 5