6/10/2015 1 PROPOSED FY 2015-16 & FY 2016-17 CIP BUDGET STUDY SESSION John F. Adams, Finance Director Jay Spurgin, Public Works Director April 28, 2015 STUDY SESSION FORMAT • Staff presentation – Background & history Background & history – Overview of Proposed FY 2015-2017 CIP Budget – Staff recommendations • Public comments • Questions & answers • Council direction
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6/10/2015
1
PROPOSED FY 2015-16 & FY 2016-17 CIP BUDGET
STUDY SESSION
John F. Adams, Finance DirectorJay Spurgin, Public Works Director
April 28, 2015
STUDY SESSION FORMAT
• Staff presentation
– Background & historyBackground & history
– Overview of Proposed FY 2015-2017 CIP Budget
– Staff recommendations
• Public comments
• Questions & answers
• Council direction
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CIP BUDGET PROCESS
• Kickoff meeting held November 2014• Staff review
Current projects– Current projects– Evaluation of needs/development of new projects– Fund balance analysis– Project prioritization– Deferred requirementsDeferred requirements
• Capital Facilities Committee meeting – April 2, 2015• City Council study session – April 28, 2015• Public hearing – June 9, 2015
10-YEAR CIP BUDGET HISTORY
$105.5
141
125
150
$100.0
$125.0 CDBG/Housing
Facility
Library
$83.6
$73.0
$48.3
$58.7
101 95 92
102
50
75
100
$
$50.0
$75.0
# o
f Pro
ject
s
Mill
ion
s
y
Open Space
Wastewater
Water
Stormwater
Landscape/Streetscape
T i /T ffi
0
25
$-
$25.0 Transportation/Traffic
Undergrounding
Streets
Total Projects
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OVERVIEW OF CIP BUDGET FORMAT
• Summary section• Deferred Requirements section
CIP j t b t g ti• CIP projects by category section– “Expended” column– “Budget to date/carryover” column– Project schedule– Project priorityj p y– Funding source(s)
• CIP projects by fund section• Five year fund balance analysis
MAJOR THEMES FOR
FY 2015-2017 CIP BUDGET
• Focus on maintaining existing quality (maintenance-oriented)• Declining/eliminated funding
– Gas Tax– Developer Fees– TDA for streets– RDA
• Deferred requirementsW i• Water conservation
• Strategic planning– Forestry Master Plan– Transit Master Plan
Conejo Valley Non-PotableWater Utilization - $1,200,000
Haigh Road Drainage Improvements - $800,000
HIGHLIGHT OF NEW PROJECTS
Fueling Station Upgrades$400,000 Janss Rd Sidewalks & Curb Ramps
$110,000
Wendy Bridge Ped/Bicycle Enhancements - $155,000
Fleet Work Canopy$300,000
TO Blvd Curb Extension & Enhanced Pedestrian - $100,000
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THOUSAND OAKS BLVD UNDERGROUNDING
Construction Schedule: January 2016 – April 2017
RDA Bond Proceeds $10.5M
General Fund $ M
Project start at Duesenberg; P j d Vi M id
Before
$3.0MProject end at Via Merida
After
AUTO MALL DR PUBLIC INFRASTRUCTURE IMPROVEMENTS
Construction estimated between October 2015 through December 2017
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101/23 INTERCHANGE
IMPROVEMENT
PROJECT
Estimated Completion FY 15-16
General Fund Loan $15.8M repaid FY 15-16
ERBES ROAD IMPROVEMENTS
Project closeout FY 15-16
Construction estimated to be complete May 2015
Before
Awarded additional grant funding of $900,000
After
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CIP BUDGET FUNDING SOURCES
Governmental Funds Enterprise Funds• General Fund (Including
Library Fund)• Gas Tax Funds• Developer Fee Funds
Li h i d
• Water Fund• Wastewater Fund• Transportation Fund• Golf Course Fund
• Lighting and Landscaping Funds
• State/Federal Grants
• Theatres Fund
PROPOSED FY 2015-2017 CIP FUNDING SOURCES, $58.7M
General Fund (Including Library),
$8 180 000 14%
Lighting & Landscaping Funds,
Developer Fee Funds, $4,144,194,
7%
Other Enterprise Funds, $885,000, 1%
$8,180,000, 14%
Gas Tax Funds, $5,284,000, 9%
State/Federal Funds, $8,047,000, 14%
$1,310,000, 2%
Transportation Fund, $8,642,500,
15%
Wastewater Fund, $7,959,659, 14%
Water Fund, $14,262,947, 24%
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GENERAL FUND (INCLUDING LIBRARY)
• General Fund has most discretion in funding capital projects
• Capital projects paid for out of General Fund reserves• Majority of projects are for maintenance of City facilities• No deferral of projects proposed
GENERAL FUND (INCLUDING LIBRARY) $8.2M
Street, $1,520,000, 19%
Facility, $1,060,000, 13%
Library, $780,000, 9%
Stormwater, $820,000, 10%
Open Space, $140,000, 2%
Undergrounding, $2,975,000, 36%Transp/Traffic,
$595,000, 7%
Lndscp/Streetscape, $290,000, 4%
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FIVE-YEAR GENERAL FUND & LIBRARY FUND CAPITAL EXPENDITURES
– North Pleasant Valley Regional Desalter $5.0M– Stormwater Quality Improvements $2.0M
• Decrease in state/federal grants– ARRA federal program funding eliminatedARRA federal program funding eliminated– State funding decreased (Proposition 1B)
FIVE-YEAR HISTORY OF STREETS /TRANSP FEDERAL/STATE GRANTS EXPENDITURES
• Financial Plans and Asset Management Plans 2013Reviewed and updated rate structures– Reviewed and updated rate structures
– Established rates that integrated capital requirements– Developed sufficient reserve fund targets– Improved financial health of funds
F d d t l d f f t CIP j t– Funds adequately prepared for future CIP projects
WATER FUND
• Proposed FY 2015-2017 CIP Budget $14.2M• Focus on alternative water sources• Focus on alternative water sources
– Conejo Valley Non-Potable Water Utilization $700,000– North Pleasant Valley Regional Desalter $500,000– Conejo Valley Groundwater Supply Study $200,000– Conejo Valley Recycled Water Utilization Study $200,000– Water Master Plan Update $100,000
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NORTH PLEASANT VALLEY REGIONAL DESALTER
WASTEWATER FUND
• Proposed FY 2015-2017 CIP Budget $8.0M• Major projects include:
• WW Pipe & Maintenance Hole Relining $1.9M• Interceptor Phase V – Unit Y2 $1.4M• HCTP – Reclaimed Water Pipeline $779,659
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WASTEWATER FUND PROJECTS
WW Pipe & Mtnc Hole Relining$1,900,000
HCTP – Reclaimed Water Pipeline $779,659
Interceptor Phase V – Unit Y2$ 1,350,000
TRANSPORTATION FUND
• Proposed FY 2015-2017 CIP Budget $8.6M• Majority of funding from federal grants• Majority of funding from federal grants• Project highlights:
– Transportation Center CNG Fueling Station $2.5M– Thousand Oaks Transit Bus Purchases $2.5M– Transportation Center Bus Parking $2.3Mp g– Transit Master Plan Development $30,000
• Projects will not move forward if grant funding is not awarded
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FOUR-YEAR BUDGET HISTORY OF TRANSPORTATION FUND CAPITAL EXPENSES