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HomeMy WebLinkAboutFinance Committee 2025-05-13 MinutesSAN RAFAEL CITY COUNCIL FINANCE SUBCOMMITTEE MEETING Tuesday, May 13, 2025 | 1:00 PM – 2:00 PM THIRD FLOOR CONFERENCE ROOM SAN RAFAEL CITY HALL 1400 FIFTH AVENUE, SAN RAFAEL, CALIFORNIA MEETING MINUTES 1. Call to Order Time called to order: 1:10pm Present: Mayor Kate Collins, Councilmember Eli Hill Staff Present: Paul Navazio (staff liaison), Cristine Alilovich, April Miller, Joanna Kwok, Bernadette Sullivan, Catherine Quffa, Greg Minor, Sullina Smith, Ariel Guttierez 2. Open Time for Public Expression The public is welcome to address the Subcommittee at this time on matters not on the agenda that are within its jurisdiction. Comments may be no longer than two minutes and should be respectful to the community. • None. 3. Preview FY2025/26 Proposed Budget (Finance) The Subcommittee received a preview of the FY2025/26 Proposed Budget. This included a preview of a) FY2024/25 Q3 Budget Update b) City Manager’s FY2025/26 Funding Recommendations, and c) Draft FY2025/26 Capital Improvement Plan Budget. • FY2024/25 Q3 Budget Update – o Councilmember Hill noted that year-to-date revenues were reported at 60% of budget and asked if these were expected to be at 75% through the first 3 Quarters. Staff responded that revenues would not necessarily be tracking at 75% through 9 months given the timing of receipt of major revenues such as Property Taxes, Sales Tax and Grant revenues related to Capital Projects. o Sales Tax projections have been down-graded for FY2024/25 and FY2025/26 based on recent trends; Mayor Kate noted that this is consistent with what she is seeing with other regional agencies that areheavily reliant on voter-approved sales tax revenues. o Overall year-end projections for the General Fund result in revenues anticipated to be roughly $500,000 over the amended budget and expenditures are projected at roughly $1,000,000 under the amended budget; staff noted that personnel expenditures are tracking on budget and the favorable budget variance is attributable entirely to non-personnel spending. This represents a significant deviation from recent history where personnel expenditures have contributed significantly to year-end expenditures falling well below budget. • FY2025/26 Proposed Budget o Staff provided the subcommittee with draft summary tables showing Proposed Budget by Fund, Department and Category. Major themes for the FY2025/26 Proposed Budget were a) balanced budget, b) very limited budget flexibility to support new ongoing/recurring budget augmentations, c) majority of budget flexibility to address priority needs is within one-time funding, d) limited amount of new, recurring funding recommendations are proposed to avoid exacerbating out- year budget shortfalls, e)FY2025/26 Proposed Budget has been developed to align with City Council Goals and Objectives o Councilmember Hill inquired about selected budget line items that reflect significant variances (+/- 20%) between FY2024/25 and FY2025/26; this was due to three factors: 1) one-time funding allocations in either fiscal year, 2)re-prioritization of baseline funding to address emerging needs, and 3) some restructuring of budget allocations between departments (such as workers’ compensation, liability and claims and debt service moving from departmental budgets to the non-departmental category. • FY2025/26 Capital Budget o Staff provided the subcommittee with a presentation on the draft Capital Improvement Plan budget, to include a review of criteria used to prioritize projects (capital needs and availability of grant funding); baseline capital program funding (streets, stormwater, facilities, etc.); and new capital project funding recommendations. The overall draft Fy2025/26 CIP budget proposes around $15 million in new funding. This is significantly reduced from the prior year’s CIP budget of $33 million and reflects that fact that several projects funded in FY2024/25 will be carried over for completion in FY2025/26. Among the goals of the FY2025/26 capital budget and related 3-year CIP Plan Update is to “right-size the capital budget to better align with staff and funding capacity to advance projects. o Mayor Kate expressed her support for proposed funding to initiate a Gateway Beautification project o Mayor Kate inquired as to level of concern related to potential loss of Federal grant funding committed to capital infrastructure projects, as this is a growing concern. Staff identified the South Merrydale Road project as a possible concern since formal contracts with the Department of Transportation have not yet been finalized. Staff noted that most recent communication on federal grant criteria have included new elements that need to be considered for funding eligibility, consistent with emerging Federal policy. o Councilmember Hill commented on the $3 million proposed for annual street maintenance work and inquired as to whether this level of funding is the amount required to maintain street/road conditions at current (acceptable) levels. Director Miller noted that per most recent Pavement Condition Index (PCI) Report (updated every 3 years) the City would need to allocate between $4.5 - $5.0 million to maintain current PCI levels across the City. 4. FY2025/26 Master Fee Schedule Update (Finance) Staff provided the Subcommittee with preliminary recommendations expected to be included in the FY2025/26 Master Fee Schedule update. • While the majority of fees were proposed for adjustment consistent with Council-approved annual increases per specified consumer price index (CPI), the presentation focused on fees where increases in excess of the CPI were recommended as well as new fees being introduced through the FY2025/26 Master Fee Schedule. • Mayor Kate asked for confirmation of whether the FY2025/26 Proposed Budget already included projected revenues based on recommended fee updates; noting that this would be important to highlight in the presentation to the City Council. 5. Measure E – Essential Facilities Update • The subcommittee discussed next steps to update Measure E – Essential Facilities Plan to inform projects to be funded through remaining Measure E funding capacity. o The subcommittee generally supported the process whereby the Finance Sub-committee would serve in an advisory role to review draft Measure E Spending Plan; o Mayor Kate noted that while deferred maintenance needs (for essential facilities) are critically important, she noted that – as a voter-approved tax measure – Measure E funding criteria might consider higher weight being given to projects with more public visibility. o Councilmember Hill inquired as to the remaining funding capacity of Measure E to support capital projects through its current sunset date (2023); staff shared that the estimate of capacity is in the range of $8.5 - $10 million, depending on general sales tax trends. Staff also noted that most of annual revenues generated by Measure E that have been earmarked for Essential Facilities is already committed to paying of bonds issued for the construction of the Public Safety Center. 6. Status Update Related to Updating the City’s Development Impact Fees (Community and Economic Development, Library and Recreation, Public Works) • Staff provided the Subcommittee with an update on work currently underway to update the City’s Parks Impact Fee, Park In-Lieu Fee, and Quimby Fee. This topic is tentatively scheduled to come before the City Council in early September. • The City has a Park In-Lieu Fee in place, with the fee being paid by developers of subdivision projects where providing park acreage is a condition of approval. Developers can opt to pay the Park In-Lieu Fee rather than provide the required park acreage as part of the project. This fee structure is being reviewed as part of the study to primarily quantify what is meant by “fair market value” of land acreage. • The City does not currently have a Park Impact Fee, typically assessed on all development projects to cover each project’s proportionate share of the cost of providing parks infrastructure needs stemming from the cumulative impact of development across the City. • Staff noted that the study currently underway is intended to provide the City Council with the basis for the maximum fees that could be charged, consistent with the statutory framework for development fees, and that the City Council can ultimately determine the rates to be set. Staff recommendation will consider factors such as the results of the study, comparable fees in other jurisdictions as well as cumulative impact of fees on prospective development. • The discussion amongst subcommittee members focused on both the level of fees contemplated in relation to Park infrastructure needs, the timing at which fees are “locked in” for a given project, and the timing for when applicable fees are paid. o Staff noted that recent legislation (SB330) provides that fees are locked in at time of pre-application, and that fees are typically paid at time of application, issuance of building permits, or at issuance of certificate of occupancy. • Staff concluded this item by noting that the work underway related to Park Impact Fees is a first step in developing a comprehensive impact fee program (to include Road Impact Fees, Public Safety Impact Fees, etc.) o The subcommittee acknowledged the need to prioritize this work in light of the significant uptick in development activity across the City, and the importance of ensuring that a free program be in place to support infrastructure demands triggered by new development. 7. Future Agenda Planning • The next regular meeting of the Finance Sub-Committee is scheduled for July 1st. This meeting is planned to be rescheduled (TBD) due to the summer recess schedule. 8. Adjournment • The meeting was adjourned at 2:23pm