HomeMy WebLinkAbout06/20/1990 BAKERSFIELD
Kevin McDermott, Chair
Patricia DeMond
Ken Peterson
Staff: John Stinson
AGENDA
BUDGET AND FINANCE COMMITTEE
Wednesday, June 20, 1990
12:00 noon
City Manager's Conference Room~
1. Amendments to the 1989-90 Budget
2. Revenues - Sales Tax
3. Greater Bakersfield Convention and Visitors Bureau Agreement
4. Bakersfield S.P.C.A. Agreement
5. Convention Center Budget
6. Financial Services Budget
7. Redevelopment/Cash Flow
8. Parks Subsidy
9. Sports Complex
10. Personnel Reorganization
11. Cellular Phones
12. Per Diem Reduction
13. City Manager's Contract
CITY OF BAKERSFIELD
SALES TAX REVENUES
1987-88, 1988-89 and 1989-90
1987 -88 1988-89 1989-.e<)
For the Monthly Quarterly Cunul ative Monthly Quarterly Cunulati ve Monthly Quarterly CLmulative
month of** Advance Resi dual Total Advance Res i dual Total Advance Res i dual Total
July $ 1,887,2C0 $ S 1,887,200 $ 1,930,500 $ $ 1,930,500 $ 2,204,300 $ $ 2,204,300
August 1,~0,200 523,3!4 3,830,714 1,418,200 813,555 4,162,255 1,609,2C0 177,842 3,~1,342
Segtember !,a20,2C0 5,250,914 1,418,200 5,580,455 1,609,200 5,600,542
October t,893,700 7,144,6!~ 2,050,8D0 7,641,255 2,145,6C0 7,746,1a2
Nove~rber 1,432,~0 318,188 F~5,202 1,587,600 93t,002 10,159,857 1,838,EC0 768,792 10,353,734
December 1,432 ,aO0 lO, 327,602 1,587,600 ll ,747,457 1,838 ,SZD 12,192,534
January 1,909,900 12,237,502 2,116,900 13,864,357 2, ~,51,700 1~, 644,234
February 1,461,200 724,092 14,4~2,794 1,439,000 1,053,710 16,357,067 1,560,500 433,952 i6,638,686
March 1,~1,2,C0 15,~3,~4 1,439,030 17,796,057 1,560,500 18,199,186
April 1,829,200 17,713,194 1,918,600 19,714,667 2,080,700 20,279,786
May 1,447,900 101,267 19,262,36! 1,653,200 601,454 21,969,32t 1,589,300* 652,503* 22,521,689
June 1,447,900 20,710,26t 1,653,200 23,622,52t 1,589,3DOit 24,110,9897t
Totals $19,043,400 $1,666,861 $ 20,710,261 $ 20,222,800 $3,399,721 $ 23,622,521 22,077,930 2,033,089 24,110,989
*To be received 6/22/90
**Paid to the City the 15th - 20th of the following month ~ Projected
Distribution: Finance Director WCD 05/14/90
(Disk 2/TAX1) Assistant Finance Director
Accountant II, Treasury
[1: tax6]
U.S. Financial Data
June 14, 1990
THE WEEK'S HIGHLIGHTS:
Producer prices for finished goods rose at a seasonally adjusted annual
rate of 3.1 percent in May and zoere up at a 4 percent rate since
December. In 1989, such prices rose 5 percent.
Producer prices for finished goods, excluding food and energy, have
risen at a 2.9 percent annual rate since December, :?/Ozon from 4.3
percent in 1989.
Retail sales declined at an 8.5 percent annual rate in May, after
falling at rates of 10.5 percent itl April and 4.7 percent in March.
This is the first time retail sales have declined for three n~onlhs in
a row since September-December 1981.
Consumer credit rose at a I percent annual rate in April. For the
first four months of the year, consumer credit increased at a 1.8
percen, t rate, compared with 12.6 percent expansion in the previous
year.
Views expressed do not necessarily reflect official positions of the Federal Reserve System.
F.Y.1990-91 Budget - ,posed General Fund Changes
Revenue Sources:
1.' DARE program contributions from schools not
originally counted as revenue $171,462
2. Traffic Safety - Revenues $115,000
3. Savings due to Parks & Recreation reorganization $7,000
4. Contingency - Used to Balance additional Expenditures $52,500
5. Revised Carryovers (Police, Fire, Personnel, Public Works) $310,000
6. Unanticipated Revenues $100,000
7. Additional Sales Tax Revenues $100,000
Total Additional Sources $855,962
Requested Additional Expenditures:
1. Transfer Funds to Community Development to fund
temporary building for fire station #2 and to
fund graffitti program $100,000
2. Increase in Police Psycological Assessments -
Contract w/Shaffer $9,120
3. Increase in SPCA Contract $23,340
4. Increase in Convention Bureau Contract (tied to
TOT revenues) $4,500
5. City Contribution to Park Maintenance Districts $147,750
6. Computer Error - Police Salary adjustment $65,220
7. Police DePartment - 2 Traffic Officers for 10
mo.s) $91,900
8. Police Dept. - 1 DUI Clerk for 12 mo.s $21,413
Expense Subtotal $463,243
(Subtotal Available Revenue) $392,719
Possible Additional Expenditures
9. Personnel - Secretary I $30,211
10. Sports Complex $59,500
11. City Council Communication Equipment $15,000
12. City Council Team Building $10,000
13. City Manager - Reimburse Contributions $5,000
14. Police Overtime $171,462
15. Transfer Funds for Street Improvements - Marriott Drive $85,000
16. Additional Appropriation - Economic Development (for fees) $15,000
Expense Subtotal $391,173
(Subtotal Available Revenue) $1,546
Note: Council Contingency (not including elections and salary settlements)
Effective Contingency (after line 7 in revenues is subtracted) .$342,500
Space Needs (Rebudgeted from f.y. 1989-90) $250,000
Total $592,500
06/20/90 jw$ - budbal,wkl 03:52:28 PM
Additional Changes to Other Funds
Appropriate Risk Management fund balance to
increase Administrative Cost Allocation $54,825
Appropriate Assessment District Revenues for
Apportionment Fees $49,570
Reduce Agricultural Water Revenues (Urban Stream
Restoration Grant) Did not receive grant for land
acquisition. ($180,000)
Reduce Parkland Bond Act Revenues (Project was
rebudgeted but was able to be started in 1989-90) ($49,000)
Increase Interfund Transfers:
Transfer Out - Refuse Equipment $410,000
Transfer Out - Sewer Fund Contributions to
Assessment Districts $250,000
MEMORANDUM
June 19, 1990
To' J. DALE HAWLEY, ~ITY MANAGER
FROM: JOHN W. STINSO~,k~SISTANT TO THE CITY MANAGER
SUBJECT: FISCAL YEAR 1989-90 YEAR END BUDGET AMENDMENTS
On April 4, 1990, Council adopted Resolution No. 33-90, amending the Fiscal Year
1989-90 Operating and Capital Improvements Budgets for the City of Bakersfield
and Resolution 34-90, amending the Fiscal Year 1989-90 Community Development
Block Grant Budget. Since then, Council has taken action to transfer and/or
appropriate additional funds.' As a result, the 1989-90 Mid-Year Amended Budgets
for the City of Bakersfield and Community Development Block Grants must be
amended to reflect these changes to appropriations.
Actions taken by Council which affect these budgets include the appropriation
of additional revenues for Kern County Pros for Youth, School Contribution
revenue for the Drug and Alcohol Resistance Education (DARE) program, and SB90
revenues for a SBgO Claims Consultant. An amendment to appropriate Gas Tax Fund
Balance for completion of the H Street undercrossing is also included.
Other amendments also include the appropriation of Council Contingency for
medical insurance increases directed by Council last January, 1990, salary
settlement adjustments for the Police Supervisory Unit, and a contribution to
the Secret Witness Program on the behalf of Jessica Martinez. Also, mailing
costs for public notices for a protest hearing regarding the formation of a City
Wide Maintenance Districts were approved. As Council opted not to pass a
resolution setting a protest hearing, those funds will not be expended and will
be rolled into fund balance.
On June 28, 1989, Council adopted Resolution 118-89, adopting the Fiscal Year
1989-90 Central District Development Agency Operating and Capital Improvement
Budgets. Since then, Council has taken action to appropriate CDDA fund balance
for legal and professional fees and interest earnings for signage and a dance
floor at the Convention Center.
As a matter of conformance to City accounting practices and budgetary controls,
it is necessary that the budget be amended to reflect these changes. The total
net change in appropriations in the City of Bakersfield's Budget are as follows:
J. DALE HAWLEY
June 19, 1990
Page -2-
CITY OF BAKERSFIELD
Council Amended Council Amended
Mid-Year Year-End
Budget Budget Net Change
Operating and
. Debt Service $ 105,330,426 $ 105,363,686 $ 33,260
Capital Improvements 27~085~780 28~091~923 1~006~143
Total Appropriations $ 132,416,206 $ 133,455,609 $ 1,039,403
COMMUNITY DEVELOPMENT BLOCK GRANT
Council Amended Council Amended Mid Year Year-End
Budget Budget Net Change
Operating and
Debt Service $ 1,480,000 $ 1,355,000 $ (125,000)
Capital Improvements 581~020 581~020 0
Total. Appropriations $ 2,061,020 $ 1,936,020 $ (1'25,000)
CENTRAL DISTRICT REDEVELOPMENT AGENCY
Council Amended
Council Adopted Year-End
Budget Budget Net Change
Operating and
Debt Service $ 2,749,147 $ 2,914,147 $ 165,000
Capital Improvements 0 70~000 70~000
Total Appropriations $ 2,749,147 $ 2,984,147 $ 235,000
Upon review of these amendments, the City Manager's Office recommends the
approval of this report and the adoption of the proposed Resolutions.
mad: 8990ADS2.RPT
1989-90 BUDGET AMENDMENTS
ACTION SUB C.O.B. C.O.B. C.D.B.G . C.D.B.G · C.D.D.A. C.D.D.A.
DATE DESCRIPTION FUNO OBJECT PRG AMOUNT OPERATING C.I.P. OPERATING C.I.P. OPERATING
07/01/89 COUNCIL APPROVED APPROPRIATIONS $136,665,129 $105,153,282 S26,996,680 Sl,47T,000 $289,020 $2,749,147 $0
07/01/89 COUNCIL APPROVED INTERFUNO TRANSFERS $4,713,000 $3,623,000 $0 $0 $0 $1,090,000
TOTAL APPROPRIATIONS AND INTERFUND TRANSFERS: S141,378,129 S108,7T6,282 S26,996,680 Sl,47T,000 S289,020 S3,839,147 S0
08/09/89 APPROPRIATE AUDITORIUM TRUST FUND REVENUES
CONVENTION CENTER '
OTHER OUTSIDE SERVICES 011 74500 571 $50,000 $50w000
08/30/89 APPROPRIATE FAA GRANT REVENUES
AIRPARK SITE ASSESSHENT
PROFESSIONAL & CONSULTING SERVICES 551 74100 749 $25,000 $25,000
09/13/89 APPROPRIATE SCHOOL CONTRIBUTION REVENUE -
DRUG ABUSE RES[STANCE PROGRAM (O. A. R. E.)
OVERTIME PAY 011 70300 321 $110,144 $110w144
09/27/89 APPROPRIATE AG. WATER FUND BALANCE -
KERN AG. FOUNDATION, CONSTRUCTION OF AG. CENTER
CONTRIBUTIONS TO OTHER AGENCIES 511 74800 122 $10,000 $10,000
11/01/89 APPROPRIATE DEVELOPER CONTRIBUTION REVENUE '
TRAFFIC SIGNAL ~ STOCKDALE HWY & ALLEN ROAD
SIGNAL & COMMUNICATION EQUIPMENT 151 77500 741 $19,000 $19,000
11/01/89 APPROPRIATE DEVELOPER'S SHARE REVENUE -
REALIGN & WIDEN STOCKDALE HWY (W. OF csug)
STREET IMPROVEMENTS 151 79500 753 $60,000 $60,000
6/20/90 AMND8990.XLS Page 1 EXHIBIT "A"
1989-90 BUOGET AMENDMENTS
C.D.D .A.
ACTION SUB C. O. B. C. O. B. C-D.B.G . C.D.B.G. C.D.D.A.
DATE DESCRIPTION . FUND OBJECT PRG AMOUNT OPERATING C.I.P. OPERATING C.I.P. OPERATING C.I.P.
11/15/89APPROPRIATE AIRPAIRK FUND BALANCE -
AIRPARK ENGINEERING '~ORK
LAND & LAND IMPROVEMENTS 551 79100 749 $191,000 $191,000
11/15/89APPROPRIATE F. E. T. S. I. M. GRANT REVENUES -
RETIME 22 SIGNALIZED INTERSECTIONS
SIGNAL AND COMMUNICATIONS EQUIPMENT 151 T7500 741 $16,150 $16,150
11/15/90APPROPRIATE CAPITAL OUTLAY FUND BALANCE -
STINE & PANAMA WATERMAIN CONSTRUCTION
===========================================================
BUILDINGS 311 79200 7'36 $43,500 $43,500
11/15/89 APPROPRIATE HUD GRANT REVENUE -
RENTAL RENABILITAION PROGRAM
LOAN PROGRAMS 111 ?5700 652 $50w000 $50,000
12/13/89 TRANSFER COUNCZL CONTINGENCY -
ENGINE HOUSE FOR STATION 13
============================================= ..........
UNAPPLIED APPROPRIATIONS 011 76100 911 ($18,000) ($18,0001
TRANSFERS TO OTHER FUNDS 011 79900 991 $18,000 $18,000
FIRE FIGHTING EOUIPMENT 311 77400 7'56 S18,000 S18,000
12/13/89APPROPRIATE KERN COUNCIL OF GOV~T GRANT REVENUE -
UNION AVENUE CORRIDOR
OTNER OUTSIDE SERVICES 115 74500 651 $3,000 $3,000
6/20/90 AMND8990.XL$ Page 2 EXHIBIT "A"
1989-90,BL~GET AMENDMENTS
ACTION SUB C.O.B. C.O.B. C.D.B.G . C.D.B.G · C.D.D.A. C.D.D.A.
DATE DESCRIPTION FUND OBJECT PRG AMOUNT OPERATING C.I.P. OPERATING C.I.P. OPERATING
12/13/89 APPROPRIATE FAA GRANT REVENUE
MINOR STREET ~/ORK ON ~ATTS DRIVE
LAND AND LAND IMPROVEMENTS 551 7910~ 749 $4,950 $4,950
01/24/90 TRANSFER COUNCIL CONTINGENCY -
GAS PIPELINE RISK ASSSESMENT
UNAPPLIED APPROPRIATIONS 011 76100 911 ($~7,000) ¢S~7,000)
PROFESSIONAL & CONSULTING SERVICES 011 74100 611 S27,000 $27,000
OZ/O?/90 TRANSFER COUNCIL CONTINGENCY
iRRIGATION & TURF FOR PG&E EASEMENT ON MONITOR ST.
UNAPPLIEO APPROPRIATIONS 011 76180 911 ($Z5,000] ($25,000]
TRANSFERS TO OTHER FUNDS 011 79900 991 S25,000 $25,000
LAND AND LAND IMPROVEMENTS 311 79100 754 $25,000 $25,000
02/07/90 TRANSFER COUNCIL CONTXNGENCY -
EMERGENCY REPAIRS TO AIR CONDITIONER COMPERSOR UNiT - POLICE DEPT.
UNAPPLIED APPROPRIATIONS 011 76100 911 (S25,00D) (S25,000)
OTHER MATERIALS & SUPPLIES 011 71900 421 $25,00a S25,000
02/21/90 TRANSFER CDBG FUNDS FRC~q COS BUDGET TO CDBG BUDGET -
SCRIVNER~S ERROR
STREET IMPROVEMENTS 115 79500 743 ($292,0001 (S292,000
STREET IMPROVEMENTS 115 79500 743 S292,000 S292,000
6/20/90 AMND8990.XLS Page 3 EXHIBIT "A"
1989-90 BUDGET AMENDMENTS
ACTION ' SUB C.O.B. C.O.B. C.D.B.G · C.D.B.G · C.D.D.A. C.D.D.A.
OATE DESCRIPTION FUND OBJECT PRG AMOUNT OPERATING C.I.P. OPERATING C.I~P. OPERATING - C.I.P.
02/21/90 REDUCE APPROPRIATED PARKLAND BOND ACT FUNO REVENUES '
ROBERTI - Z'BERG - HARRIS FUNDS
NON-STRUCTURAL IMPROVEMENTS 16~ 79400 754 ($21,500] ($21,500:
02/21/90 TRANSFER COUNCIL CONTIGENCY
CONSULTANT FOR PUBLIC OPINION SURVEYS
UNAPPLIED APPROPRIATIONS 011 76100 911 ($16,500) ($16,500)
PROFESSIONAL & CONSULTING SERVICES 011 74100 211 $16,500 $16,500
02/21/90 TRANSFER COUNCIL CONTIGENCY -
PERSONNEL FOR FIRE STATION 13
UNAPPLIED APPROPRIATIONS 011 76100 911 (S122,900) ($122,900]
REGULAR WAGES & SALARIES 011 70100 371 $75,571 $75,571
SAFETY RETIREMENT 011 70400 371 $18,142 S18,142
MEDICAL INSURANCE 011 70800 371 $11,016 $11,016
~ORKER~S COMPENSATION 011 70700 371 S9,271 $9,271
UNIFORM & ACCESSORIES 011 71700 371 S8,900 S&,900
02/21/90 MIO TEAR - AMENDED APPROPRIATIONS S137,226,373~ S105,330,426 $27,085,780 Sl,480,000 $581,020 $2,749,147 S0
02/21/90 MID YEAR - AMENDED INTERFUND TRANSFERS $4,756,000 $3,666,000 S0 $0 $0 $1,090,000 $0
02/21/90 MID YEAR - TOTAL AMENDED APROPRIATIONS AND INTERFUNO TRANSFERS $141o982,37"5 $108,996,426 $27,085,780 $1,480,000 $581,020 $3,839,147 $0
01/24/90 TRANSFER COUNCIL CONTIGENCY -
MEDICAL INSURANCE INCREASE
UNAPPLIED APPROPRIATIONS 011 76100 911 ($98,980l ($98,980:
MEDICAL & LIFE INSURANCE 011 70800 VAR S98o980 $98,980
6/20/90 AMND8990.XLS Page 4 EXHIBIT "A"
1989-90 BUOGET AMENOMENTS
ACTION SUB C.O.B. C.O.B. C.D.B.G . C.D.B.G . C.D.D.A. C.D.D.A.
DATE DESCRIPTION FUND OBJECT PRG AMOUNT OPERATING C.I.P. OPERATING C.1.P. OPERATING C.I.P.
02/07/90 TRANSFER COUNCIL CONTINGENCY '
POLICE SUPERVISORY SALARY SETTLEMENTS
UNAPPLIED APPROPRIATIONS 011 76100 911 (S24,208) ($24,208)
REGULAR WAGES & SALARIES 011 70100 VAR $23,302 $23,302
OVERTIME 011 70300 VAR $906 $906
02/14/90 APPROPRIATE STATE CONTRIBUTION REVENUES '
RELOCATE SEWER LINE 8 NWY 99 & ROSEDALE HWY
NON'STRUCTURAL IMPROVEMENTS 561 79400 746 $29,142 $29,143
03/07/00 APPROPRIATE SEIZED PROPERTY TRUST REVENUES -
KERN COUNTY PROS FOR YOUTH
TAXES, REFUNDS, AND CONTRIBUTIONS 011 7~200 314 $2,000 $2,000
03/07/90 APPROPRIATE SCHOOL CONTRIBUTION REVENUE -
DRUG RESISTANCE PROGRAM (D. A. R. E.)
OVERTIME PAY 011 70300 321 S13,760 $13,760
03/07/90 TRANSFER COUNCIL CONTIGENCY '
MAILING COSTS FOR PUBLIC NOTICES - MAINTENANCE DISTRICTS
===========================================================
UNAPPLIED APPROPRIATIONS 011 76100 911 ($66,0001 ($66,000
PROFESSIONAL & CONSULTING SVCS 011 74100 411 $66,000 $66,000
03/28/90 APPROPRIATE CDDA BOND INTEREST EARNINGS '
CONVENTION CENTER SIGNAGE & DANCE FLOOR
PRIOR YEARS BUILDING 392 79992 767 $70,000
6/20/90 AMND8990.XLS Page 5 EXHIBIT "A"
1989-90 BUDGET A~ENDMENTS . .
ACT[ON SUB C. O. B. C. O. S. C.D.B.G . C.D.S.G . C.D.D.A. C.D.D.A.
DATE DESCRIPTION FUND OBJECT PRG AMOUNT OPERATING C.].P. 'OPERATING " C.I.P. OPERATING C.I.P.
03/28/90*APPROPRIATE sBgo REVENUES - SB 90 CLAIMS CONSULTANT
OTHER OUTS]DE SERVICE 011 74500 272 S17,500 $17,500
03/28/90 APPROPRIATE CODA FUND BALANCE -
LEGAL & PROFESSIONAL SERVICES
PROFESSIONAL & CONSULTING SVCS 391 74100 675 S165,000 $165,000
06/13/90 TRANSFER GAS TAX FUND BALANCE AND APPROPRIATE J
IN H STREET UNDERCROSSING PROJECT FUND o .
TRANSFERS TO OTHER FUNDS 151 79900 991 S587,000 S587,000
STREETS & BRIDGES 321 79500 743 S587,000 $587,000
06/13/90 TRANSFER COUNCIL CONTIGENCY -
SECRET g[TNESS PROGRAM - JESS[CA MARTINEZ
UNAPPLIED APPROPRIATIONS 011 76100 911 (S5,000: (S5,000
CONTRIBUTION TO OTHER AGENCIES 011 74800 122 S5,000 S5,000
06/27/90 REDUCE APROPR[ATED CDBG GRANT REVENUES -
CDBG SECTON 312 LOAN FUNDS
D[RECT HOUSING ASS]STANCE 112 75900 652 (S125,000) ($125,000:
6/20/90 AMND8990.XLS Page 6 EXHIBIT "A"
1989-90 BUOGET AMENDMENTS
ACTION SUB C. 0. B. C.O.B. C.D.B.G . C.D.B.G . C.D.D.A. C.D.D.A.
DATE DESCRIPTION FUND OBJECT PEG ANOUNT OPERATING C.I.P. OPERATING C.].P. OPERATING C.I.P,
06/27/90 APPROPRIATE NOTE PROCEEDS -
RIVERFRONT PROPERTY - 100+ ACRES, GANNON/~ATTENBARGER
LAND & LAND IMPROVEMENTS 511 79100 7~1 S390,000 S390,000
06/27/90 YEAR END - AMENDED APPROPRIATIONS $138,375,7'76 $105,363,686 $28,091,923 $1,355,000 $581,020 $2,914,147 $70,000
06/27/90 YEAR END - AMENDED INTERFUND TRANSFERS $5,343,000 $],666,000 $587,000 $0 S0 $1,090,000 $0
06/27/90 YEAR END - TOTAL AMENDED APROPRZATIONS AND INTERFUND TRANSFERS $143,7i8,776 S109,029,686 $28,678,923 $1,355,000 $581,020 $4,004,147 $70,000
6/20/90 AMND8990.XLS Page 7 EXHIBIT "A"
Central District Development Agency of Bakersfield 06/18/90
Downtown Project Area' CF25EXP
Year-To-Year Cash Flow
(O00's Omitted) REF.
1986-87 1987-&8 1988-89 1989-90 1990-91 1991-92 1992-93 1993-94 1994-95 1995-96 1996-97 1997-98
Resources
Beginning BaLance 1 $4,811 $5,491 $2,400 $185 $680 $149 ($351) ($832) ($1,069) ($1,278) ($1,455) (S2
Tax Increments-Gross 2 $1,156 $1,043 $1,251 $1,350 $1,397 $1,455 $1,484 $1,7'54 Sl,768 $1,804 $1,~0 $1,877
Supplemental Revenue 3 S113 $119 $125 $70 $92 $92 $92 $92 $92 $92 $92 S92
Interest Revenue:
Investn~nts 4 $357 $362 $195 $149 $65 $10 $10 $10 $10 $10 $10 $10
K Street Garage 5 $20 $30 $71 $850
Eye Street Garage Lease 6 $132 $134 $135 $135 $136 $131 $126 $130 $129 $132 $130 $127
Civic Auditorium [mprovemts. Proj. 7 $4,780 $95 $403 $403 $403 $403 $403 $403 $403 $403 $403
Transfers From City: 8
Self Insurance Fund $100 $250 $295
Reimbursement-Prior Yr. Expend. 9 $92
Loans From Other Funds 10 $600 $400
City Center Project 11
Other Revenue 12 $25 $4 $12 $1 $1 $1 $1 $1 $1 $1 $1 $1
Total Resources S11,394 $7,283 $5,226 S3,838 $2,774 $2,241 $1,765 $1,538 $1,335 S1,164 $1,021 S67
Central District Development Agency of Bakersfield - M.Randa['(
Downtown Project Area 06/18/90' '
Year-To-Year Cash Flow '
CF25ExP
(O00's Omitted) REF.
1986-87 1987-88 1988-89 1989-90 1990-91 1991-92 1992-93 1993-94 - 1994-95 1995-96 1996-9Z 1997-98
Expenditures
Administration 13 $675 $463 $474 $745 $677 $691 $704 $718 $733 $747 $762
Legal Fees (Moreland) 14 $735
Ccx~nercia[ Rehab. Program 15 S116 $31 S22
Miscellaneous Projects:'
Downtown Improvements 16 $24 $15 $50
22nd Si. Curb and Gutter '. 17 $45
Downtown Signage 18 $14
Reimbursement To City:
Eye St. Parking(O[~erations)' i9. $141 $156 $151 $170 $170 $170 $170 $170 $170 $170 $170 $170
Civic Auditorium 20 $48 $201
Loan Payment-Debt-Other Funds 21 $106 $169 $180 $175 $166 $161 $152 $147 $138
Eye Street Parking Debt 22 $132 $130 $130 $135 $136 $131 $126 _$130 $129 $132 $130 $127
Tax Allocation Bond Debt 23 $610 $613 $608 $611 $610 $607 $609 $609 $607 $604 $605 $608
American National Sank Debt 24 $743
Civic Auditorium [mprovemtsLProj. 25 $1,427 $1,243 $2,493 $623 $403 $403 $403 $403 $403 $403 $403 $403
Clarion Hotel Project . 26 $2,059 $525 $409 $425 $410 $410 $410 $410 $410 $410 $410 $60
Mosesian Office Development Proj. 27 $959 $673 $105 $836
Total Expenditures $5,903 $4,883 $5,041 $3,158 $2,625 $2,592 $2,597 $2,606 $2,613 $2,618 $3,463 $2,284
Central District Development Agency of Bakersfield M.Randa[[
Year-To-Year Cash Flow Downtown Project Area 06/18/90
(O00's Omitted) CF25EXP
1986-87 1987-88 1988-89 1989-90 1990-91 1991-92 1992-93 1993~94 1994-95 1995-96 1996-97 1997-98
Beginning BaLance $4,811 $5,491 $2,400 $185 · $680 . $149 ($351) ($832) ($1,069) ($1,278) ($1,455) ($2,442)
Annual Resources $6,583 $1,792 $2,826 $3,653 $2,094 $2,092 $2,116 $2,370 $2,403 $2,442 $2,476 $2,51
Annual Expenditures $5,903 $4,883 $5,041 $3,158 $2,625 $2,592 $2,597 $2,606 $2,613 $2,618 $3,463 $2
Ending Balance $5,491 $2,400 $185 $680 $149 ($351) ($832) ($1,069) ($1,278) ($1,455) ($2,442) ($2,216)
Footnotes
1. Estimated beginning balances are the prior year ending balances
excluding debt reserves.
2. Estimated tax increment revenue for 1989-90 is based upon Kern County
reports of incremental assessed values and tax rates. Future
increases are based upon project additions shown below and a two per-
cent (2%) increase in the base amount. As of August 1989 the City of
Bakersfield became owner of the hotel project for tax assessment
purposes. In fiscal year 90-91 a ($80,000) decrease in tax increment
has been projected and no additional increment is shown for the pro-
ject until FY 93-94 when it is anticipated that the hotel project will
be completed and full tax increments $220,000 from the project will be
received by the Agency.
(000's Omitted)
Development Total Added Add'l Tax
Project Value Increment 89-90 90-91 91-92 93-94
City Center $12,000 $120 $ 70 $ 50
Williamsburg $ 8,000 $ 80 $ 50 $ 30
Convention Hotel $22~000 $220 $ 80 $(80) $220
Total $42,000 $420 $150 $ 20 $ 30 $220
3. Supplemental revenues estimated pursuant to SB 792 regarding Business
Inventory Tax Relief.
4. Interest on investment'of idle monies is computed at seven percent
(7~) of prior year ending balance plus reserve account balances for
lease revenue bonds and Certificates of Participation.
5. Interest from Curtis Darling and Milton Younger per "K" Street Garage
Sale Agreement No. RA4-83. Sale of a promissory note in FY 1989-90
held by the Agency relating to the Eye Street Parking Garage.
6. Rental income from ~he City of Bakersfield for the Eye Street Parking
Garage per Agreement No. RA7-84.
7. Civic Auditorium Improvement Projection - $4,780,000 Certificates of
Participation dated February 1, 1987.
Rental income from the City of Bakersfield Convention Center Hotel
Association per Hotel Site Lease Agreement No.. RA6-86. (Attachment
No. 5, Page No. 9)
8. Transfers of $100,000, $250,000 and $350,000 in FY 1987-88, -FY 1988-89
and FY 1989-90 from Self Insurance Fund. *(Per Budget and Finance
Committee Report No. 29-88, Page 5.) Note: Transfer from Self
Insurance Fund in FY 1989-90 will be adjusted to $295,000 due to
actual cost of outside attorney fees exceeding original estimate by
$35,000 and reimbursement of $90,000 received from Moreland in
September, 1988.
Page 4
9. Reimbursement of prior year outside attorney fees relative to Moreland
vs. City of Bakersfield.
10. Proceeds of a note ($1,000,000) from the City's Sewer Fund. *(Per
Budget and Finance Committee Report No. 29-88, Page 5). $600,000 of
the million dollar loan was utilized in FY 88-89. $400,000 is sho~n
in FY89-90 and will be drawn against by the Agency, on the basis of
need, to help meet its obligations. Source: Agency staff.
11. The Agency has filed a claim to obtain the minimum payment of $650,000
from Mosessian Development Corporation. (Litigation pending)
12. Rental income received per rental agreements for properties owned by
the Agency and other miscellaneous income. Source: Gr~g Klimko,
Director of Finance.
13. Projected Agency costs for personnel and operations. Cost reflected
in proposed budget for FY 1990-91. Beginning with 1991-92 costs are
assumed to increase two percent (2%) annually. Source: Agency Staff.
14. Actual costs of outside fees for defense of lawsuit Moreland vs. C~ity
of Bakersfield. Source: City Finance Department.
15. Annual costs for the commercial rehab (facade) program per Agency
staff.
16. Agency's contribution towards the construction cost of 19th and
Chester Improvement Project. Cost reflected in budget for FY 1990-91
for Capital Improvement Projects. Source: Agency staff.
17. 22nd Street capital improvement costs. Source: 'Greg'Klimko, Director
of Finance.
18. Costs for Downtown~Signage project. Source: Greg Klimko, Director of
Finance.
19. Eye Street parking garage operating loss is estimated to approximate
the debt service on outstanding bonds. Source: Greg Klimko,
Director of Finance.
20. Auditorium lease revenue to be reimbursed to the City (50~ of debt
service). ~(Per Budget and Finance Committee Report No. 29-88, Page
5.)
21. Estimated cost of $1 million loan from the City's Sewer Fund at prime
interest rate for 10 years for~agreement No. RA89-1. Scheduled pay-
ments assumes interest rate at 10~. Source: City Finance Department.
22. Debt service on the parking lease revenue bonds to finance the
construction of the "K" Street Garage have been transferred to the
'18th and Eye Garage.
23. Debt service on the $6,130,000 tax allocation bonds sold in 1983.
24. Amount paid on note with American National Bank. Source: Greg Klimko,
Director of Finance.
Page 5
25. Projected Convention Center improvement costs. Source: Agency staff.
Lease certificates reserve of $400,036 per the closing memorandum.
Projected debt service of the lease certificates of participation.
Certificates have been issued for a term of 25 years at 6.50 percent.
Cost of issuance for the lease certificates issued, as shown in
closing documents. Amount includes the net of the discount paid to
Stone & Youngberg of $100,380 plus cost of issuance of $95,000.
26. Actual cost of acquisition, relocation and demolition of the Hotel
site as of May, 1987, plus an estimated $60,000 annually for ten (10)
years to the City for acquisition of City property.
Payments on a $2.0 million loan made to the Agency by the hotel
developer. The loan is in the form of improvements made by the
developer on the public improvements parcel and therefore has not been
shown as income to the Agency. Per D.D.A. Agreement No. RA6-86
(Attachment No. 7, Page 3 of 6.)
27. Cost of acquisition, relocation, and demolition of the Mosesian office
site. Of this total cost of $1,253,000, the Agency spent $798,000
during the 1987-88 fiscal year. The remainder, plus accrual interest
is due in the 1996-97 fiscal year. Interest calculated annually at
7.0 percent.
The Agency paid a portion of the developer's costs for site
preparation and clearance and contributed toward the development of
parking improvements in the amount of $600,000; per Amended
Parti.cipation Agreement No. RA 88-2 (Attachment No. 3, Page 10 of 13).
Actual on-site costs for Mosesian development. Source; Agency staff.
Projected off-site costs for Mosesian development per Katz Hollis
33433 report on the development.
Page 6
June 20, 1990
TO: J. DALE HAWLEY, CITY MANAGER
FROM: JOHN W. STINSO~~ISTANT TO THE CITY MANAGER
SUBJECT: SPORTS COMPLEX ANALYSIS
I have reviewed in detail the spreadsheet provided by the Community
Services Department for the Sports Complex used for the adult
softball program. Based on my conversations with Paul Dow, Jim
Ledoux, Frank Fabbri, Henry Shipes and Georgina Lorenzi I am
satisfied that the figures used in their analysis are reasonably
correct. Due to the fact that we do not maintain our park
maintenance data in a form which would easily provide the lost
opportunity costs of going back to city diamonds I cannot provide
that analysis. However, I believe it is safe to assume that there
would be certain displacement of the current uses of the City
diamonds If the recommended change occurs. It appears that the
revenues generated by these uses are not significant, however.
The Sports Complex currently provides certain benefits to the City.
These include providing a first class softball facility for adult
games and the means to separate this use from other park patrons,
the ability to account for all of our adult softball costs in an
isolated manner, it makes city diamonds available for other leagues
and uses, and it provide an additional recreation facility in the
northeast area of the City.
These benefits are weighed against the cost of the facility, site.
In my analysis and conversation with the Community Services
personnel I have determined that several things could be done to
lower expenses at the complex. They include the following the
following:
1. Reduce the monthly lease payments. Discussion has already
started with the owner regarding a reduction to $6,000
per month from $6,500 current rent and paying only $2,000
for the four month off-season when we don't use the
diamonds.
2. Reduce personnel costs. Possibly transfer the Full-time
Park Maintainer II to a vacant position in the Parks
Department and replace him at the complex with temporary
personnel. The Assistant Recreation Superintendent
currently allocates over 800 hours of his time at the
facility. This responsibility could possibly be
restructured to have less expensive personnel take over
some the responsibilities the Assistant
Superintendent at the complex.
3. Reduce Utility Costs. In looking at the utility costs
it appears that the electrical costs are significantly
higher than those the city experiences for its own
diamonds. There may be a possibility of changing the
rate schedule to a more favorable rate. There are
buildings included in the electrical charges at the
complex and it seems that more attention could be paid
to energy conservation particularly with the
concessionaire. The electricity for the concession stand
is paid for by the City.
In addition to cost savings it appears that additional efforts
could be made to increase revenues at the site. I have spoken with
Lee Andersen who agrees that there could be additional revenues
gained through improved marketing of the facility and possible
additional facility rentals, and subleasing of facilities such as
the batting cages.
It also seems logical that in addition to the above steps there
will have to been some increase in the fee for the teams using the
facility. This would most likely be a minor increase of $10 to $20
added to the current $380 fee.
Based on the above analysis, it would seem feasible to continue to
operate the Sports Complex for another year. If we are able to
implement several of the above changes we can improve the cost
effectiveness of the facility. For this to happen it will require
improved management and marketing of the facility by staff.
I would recommend that we budget the amount required to operate
the facility under our current agreements and conditions ($59,500)
and direct staff to pursue the above changes to effect savings and
increased revenues during the 1990-91 fiscal year. In addition,
written quarterly reports to the City Manager should be made by
staff to show what progress is being made to meet these goals. An
evaluation should be made part of the 1991-92 budget as to the
effectiveness of this effort.