2021-12-15 City Council Item No. 13.1 Reserve Policy Fund Balance Presentation Regular MEETING - Additional Meeting MaterialsItem 13.1: Reserve Policy
Fund Balance
Rochelle Clayton
Assistant City Manager
GENERAL FUND
Required Reserve Levels
-1-
COMMITTED Fund Balance 10.0%12.5%
ASSIGNED Fund Balance 10.0%12.5%
Unassigned Fund Balance 5.0%10.0%
Total Fund Balance Reserve 25.0%35.0%
FY 20/21 FY 21/22
GENERAL FUNDFY 20/21 Audited Fund Balance
-2-
TOTAL AUDITED GENERAL FUND BALANCE:42,081,085.81$
Committed Fund Balance
Committed Emergency Contingency (12.5%)8,615,637.50$
Committed City Hall 750,000.00
9,365,637.50$
Assigned Fund Balance
Assigned for Encumbrances 957,167.50$
Assigned for Emergency Contingency (12.5%)8,615,637.50
Assigned Fire Safety 285,513.49
Assigned CIRA 75,000.00
Assigned General Plan Update 750,762.70
Assigned Central Park Amphitheatre 450,000.00
11,134,081.19$
Unassigned Fund Balance
Minimum Unassigned (10%)6,892,510.00$
FY 20/21 Rollovers 3,764,518.47$
TOTAL REQUIRED RESERVE POLICY & OTHER COMMITMENTS:31,156,747.16$
TOTAL AVAILABLE GENERAL FUND FUND BALANCE:10,924,338.65$
GENERAL FUND
Quality of Life (Measure DD)FY 20/21 Audited Fund Balance
-3-
TOTAL AUDITED QUALITY OF LIFE FUND BALANCE:11,671,620$
Assigned Fund Balance
Assigned for Encumbrances 826,480
Assigned Holland Road Overpass 671,614
Assigned Bradley Bridge 223,872$
1,721,966$
FY 20/21 Rollovers 8,395,538$
TOTAL REQUIRED COMMITMENTS:10,134,236$
TOTAL AVAILABLE QUALITY OF LIFE FUND BALANCE:1,554,117$
QUALITY OF LIFE MEASURE DD FUND
GENERAL FUND
Proposed Use of Fund Balance
-4-
Project Amount
Future City Hall 5,000,000$
Future City Hall Parking Lot Project 2,000,000
Holland Road Overpass Project 2,800,000
PMP Menifee Meadows & Potomac Projects 1,057,606
TOTAL:10,857,606$
Project Amount
Fire Station #5 1,300,000$
Fire Station #68 Remodel 70,000
PMP Romoland South Grid 184,117
TOTAL:1,554,117$
General Fund Proposed Use of Fund Balance
Quality of Life (Measure DD) Proposed Use of Fund Balance
GENERAL FUND
Proposed Use of Fund Balance
-5-
Project Amount
Available Fund Balance 10,924,339$
Proposed Used (10,857,606)
TOTAL:66,733$
Project Amount
Available Fund Balance 1,554,117$
Proposed Used (1,554,117)
TOTAL:(0)$
General Fund Summary
Quality of Life (Measure DD) Summary
Capital Improvement Program
Fund Requests
Nick Fidler
Public Works Director
Future City Hall Parking Lot
Project
•Public parking lot at future City Hall site
•Total of 3OO parking spaces and:
•Lighting
•Landscaping
•Water Quality
•Funding request of $2,000,000
-6-
•Funding request of $2,800,000
Holland Road Overpass
-7-
Menifee Meadows
PMP Menifee Meadows & Potomac
Projects
Potomac
-7--8-
Menifee Meadows
•Resurfacing the
community of
Menifee Meadows
east of Bradley Road
and South of La
Piedra Road
Potomac
•Resurfacing the
community East of
Bradley Road and
North of Potomac
Drive
•Funding request of $1,057,606
PMP Menifee Meadows & Potomac Projects
-9-
Original Scope Proposed Change in Scope
-10-
Fire Station No.68
•Improvements to Fire Station No. 68 include:
•The addition of a full bathroom.
•Reconfiguration and expansion of sleeping quarters to accommodate 7 Fire staff.
•Accommodation of future medic response vehicle
•Plans are at 90%.
•Sufficient funding for construction costs.
•Additional funding request of $70,000 needed for temporary housing of Fire staff during remodel
-11-
•Street improvements on the
southern portion of Romoland
Grid:
•Resurfacing
•ADA-compliant ramps
•Minor drainage
improvements
•Project will be phased.
•Funding request of $184,117
for design.
Romoland Grid –South of Hwy 74
-12-
Questions?