Agenda Packet 12-9-19 Meeting - Laserfiche WebLink

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December 9, 2019, Meeting – Item 4 for use of these funds, which have been designated by council for parks security, community justice and human services. RRSF Activity There are a number of transactions included on this supplemental budget that affect the Reserve for Revenue Shortfall. This supplemental budget includes $12,060,780 funded from the RRSF, as follows: RRSF Reconciliation Amount RRSF in the FY20 Adopted Budget $28,645,079 Less: FY20 SB1 Uses Multi-Year Initiatives (from FY19 underspending) -6,853,000 Community Safety Fund Loan -3,000,000 Downtown Ops and Homelessness Programs (from Local Marijuana Tax) -470,000 Railroad Quiet Zone Fencing -350,000 November 2018 Election (after exhausting Council Contingency) -174,000 One-time Funding for General Capital and Affordable Housing (beyond MBWC) -57,962 Other RRSF Uses (one-time funding) -1,155,818 Total Use of RRSF on SB1 -12,060,780 FY20 RRSF After SB1 $16,584,299 Funding for multi-year initiatives including Community Safety and Homeless Shelter Options was placed in RRSF as part of the FY20 Adopted Budget since the funds were not going to be spent in FY19. These funds are reappropriated from reserves on this supplemental budget. After these actions the RRSF will be $16.6 million or 9.3 percent of General Fund expenditures, which is above the RRSF target of 8 percent of General Fund expenditures. Capital Carryover The Capital Project Carryover Reconciliation is also included in this supplemental budget. An estimate of the unspent balance in each capital project was established in the FY20 Adopted Budget. These estimates have been reconciled with the actual FY19 expenditures, and the Capital Budget is adjusted to reflect the remaining unspent balances in each project. The Capital Carryover on this supplemental budget reduces the Capital Budget by $10,323,941 and increases Balance Available by the same amount. Non-General Fund Transactions This supplemental budget recognizes approximately $52 million in non-General Fund trans-actions, other than MBWC, encumbrances and capital carryover reconciliation. Nearly half of this total arises from recognizing and re-budgeting more than $31 million in grants and other agency share of projects revenue carried over from last year. The transactions for non-General Fund supplemental budgets are set out in Attachment A. The largest items including the following: Community Safety: Reappropriation of Fleet funding for the Community Safety Initiative to fund fleet acquisitions ($174,690). Housing, Jobs and Infrastructure: Reappropriation of various grants for the airport, transportation and wastewater total over $31 million. The largest new items funded on SB1 are $2 million for the Railroad Quiet Zone (western crossings) from transportation SDCs CC Agenda - Page 293