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047 of 1998 - Amending Salt Lake City Ordinance No. 27 of 1997 which adopted the Final Budget of Salt Lake City, i0 98-1 B 97-11 SALT LAKE CITY ORDINANCE No. 47 of 1998 (Amending Salt Lake City Ordinance No. 27 of 1997 which adopted the Final Budget of Salt Lake City, including the employment staffing document, for Fiscal Year 1997-98) AN ORDINANCE AMENDING SALT LAKE CITY ORDINANCE NO. 27 OF 1997 WHICH APPROVED, RATIFIED AND FINALIZED THE BUDGET OF SALT LAKE CITY, UTAH, INCLUDING THE EMPLOYMENT STAFFING DOCUMENT, FOR THE FISCAL YEAR BEGINNING JULY 1, 1997 AND ENDING JUNE 30, 1998. PREAMBLE On June 10, 1997, the Salt Lake City Council approved, ratified and finalized the budget of Salt Lake City, Utah, including the employment staffing document, for the fiscal year beginning July 1, 1997 and ending June 30, 1998, in accordance with the requirements of Section 1 18, Chapter 6, Title 10 of the Utah Code Annotated, and said budget, including the employment staffing document, was approved by the Mayor of Salt Lake City, Utah. The City's Policy and Budget Director, acting as the City's Budget Officer, prepared and filed with the City Recorder proposed amendments to said duly adopted budget, including the amendments to the employment staffing document, copies of which are attached hereto, for consideration by the City Council and inspection by the public. The City Council fixed a time and place for a public hearing to be held on June 4, 1998 to consider the attached proposed amendments to the budget, including the employment staffing document, and ordered notice thereof be published as required by law. Notice of said public hearing to consider the amendments to said budget, including the employment staffing document, was duly published and a public hearing to consider the attached amendments to said budget, including the employment staffing document, was held on June 4, 1998, in accordance with said notice at which hearing all interested parties for and against the budget amendment proposals were heard and all comments were duly considered by the City Council. All conditions precedent to amend said budget, including the employment staffing document, have been accomplished. Be it ordained by the City Council of Salt Lake City, Utah: SECTION 1. Purpose. The purpose of this Ordinance is to amend the budget of Salt Lake City, including the employment staffing document, as approved, ratified and finalized by Salt Lake City Ordinance No. 27 of 1997. SECTION 2. Adoption of Amendments. The budget amendments, including amendments to the employment staffing document, attached hereto and made a part of this Ordinance shall be, and the same hereby are adopted and incorporated into the budget of Salt Lake City, Utah, including the employment staffing document, for the fiscal year beginning July 1, 2 1997 and ending June 30, 1998, in accordance with the requirements of Section 128, Chapter 6, Title 10, of the Utah Code Annotated. SECTION 3. Certification to Utah State Auditor. The City's Policy and Budget Director, acting as the City's Budget Officer, is authorized and directed to certify and file a copy of said budget amendments, including amendments to the employment staffing document, with the Utah State Auditor. SECTION 4. Filing of copies of the Budget Amendments. The said Budget Officer is authorized and directed to certify and file a copy of said budget amendments, including amendments to the employment staffing document, in the office of said Budget Officer and in the office of the City Recorder which amendments shall be available for public inspection. SECTION 5. Effective Date. This Ordinance shall take effect on its first publication. Passed by the City Council of Salt Lake City, Utah, this 9 day of June ATTEST: ,/ , 1998. IEF'T'U i4CITY RECORDER 3 Transmitted to the Mayor on June 10, 1998 Mayor's Action: ATTEST: (SEAL) xx Approved Vetoed ITY RECORDE Bill No. 47 of 1998. Published: June 17, 1998 ; i Salt Lake iy� lir.rf.; () k;c Date , 5� 119 ina98\Amending budget 6-9.doc 4 Issues in Budget Amendment - June 1998 1. Unemployment Compensation Fund Adjustment 2. Early Retirement Incentive Program 3. Fire Department Early Retirement 4. 600 South Property Repairs 5. Police Department Reimbursement Revenues 6. City Tax Notes Interest Adjustment 7. Motor Fuel Excise Tax Bond Fund Adjustment 8. CIP Sidewalk -Fairfax Ave. to Popperton Park 9. CIP Contingency for FY 1997-98 10. CIP Budget Transfer for Traffic Signal Projects 11. CIP Budget UDOT Fencing 12. Light Rail Corridor Economic Development $47,000 $1,500,000 $282,977 $50,000 $92,400 $35,625 $2,500 $7,800 ($2, 000, 000) $-0- net $-0- net $250,000 2 Issue Request #1 - Unemployment Compensation Fund Adjustment $47,000 Budget Impact Insurance and Risk Management Fund When the budget was put together for the City's self insurance fund which pays unemployment insurance for layed off city employees the estimate was that no change would occur because the City employment picture looked similar to that of the past year. What we have found is that the weekly benefit rate has been raised and seasonal employees who where previously retained during the winter months are now put on lay off status and are eligible for unemployment until we hire them back for another season. This a cost of doing business for the programs which use seasonal employees and it is less costly to pay this benefit than to hire them full time, when full time is not needed. This adjustment is mainly for budgeting and accounting purposes because the actual billings to the departments affected will bring in the necessary revenue to equal the additional expenses needed. Fund Department / Category Decrease Increase Insurance and Unemployment Insurance premiums (R) $47,000 Risk Mgmt. Fund Unemployment Insurance payments (E) $47,000 Issue Request #2 - Early Retirement Incentive Program General Fund Transfer $1,500,000 Insurance and Risk Administration Fund $1,500,000 It is requested to establish an appropriation of $1,500,000 in the Insurance and Risk Administration Fund. This yearly request is made at this time in order to take advantage of any remaining expense budget balances at year end and pay early retirement benefits out of the current fiscal year instead of forcing departments next year to hold necessary positions unfilled until the costs are covered. Funding will come from savings from departments as they recognize it. No funding will be brought from current fund balance or from additional revenues generated to cover these projected expenditures. The amount requested is based on the total number of individuals eligible under the early retirement provision. 3 Fund Department / Category Decrease Increase General Fund Non Departmental transfer to Insurance and Risk Administration Fund (E) $1,500,000 Insurance and Transfer from General Fund (R) $1, 500,000 Risk Administration Fund Early retirement incentive pay (E) $1, 500,000 Issue Request #3 - Fire Department Early Retirement $282,977 General Fund At the end of last fiscal year the annual early retirement account transfer came up $168,000 short of covering all the early retirements. This amount obligated the Fire Department this fiscal year to cover this amount. The Department has been tracking their personal service costs this year and have made adjustments to try and cover this but has not been able to do so. Additionally, another $114,977 is anticipated to be needed to prevent them from exceeding budget. It is recommended that $200,000 of funding for this correction come from an identified surplus amount in the Insurance and Risk Administration Fund LTD account. This account has accumulated excess amounts over the years and will not need this excess. There will still be sufficient reserves in the account to cover anticipated needs. The $82,977 difference of funding will come from recognizing an additional $82,977 of property tax revenue actually collected above budget. Fund Department / Category Decrease Increase General Fund Transfer from Insurance/Risk Admin. LTD Fund (R) $200,000 Property Tax revenue (R) $82,977 Fire Department personal services (E) $282,977 Insurance/Risk Transfer to General Fund (E) $200,000 Admin. Fund Source -Fund Balance (FB) not posted $200,000 4 Issue Request #4 - 600 South Property Repairs $50,000 CIP Fund The clock shop property located at 600 South is now vacated by the previous owner and tenant. The City currently plans to move the copy center operations there when the new contract is issued to provide this service. This move will free up valuable space in the City and County Building and allow us to better utilize the space. The clock shop property has been inspected and there are some things which need to be done to bring it up to code and allow us to use it for City purposes. It needs some minor repairs and enhancements to the electrical and mechanical functions, the removal and/or on site mitigation of some asbestos. It also needs restroom facilities built which meet ADA requirements, and some repairs to the roof. The previous owner has been paying the City rent on this property, as have all the tenants on the 600 South property. There is adequate funds in the CIP surplus property account from these rental payments to cover the approximate $50,000 cost of these repairs, etc. Fund Department / Category Decrease Increase CIP Fund Rental Income (R) $50,000 600 South Property (E) $50,000 Issue Request #5 - Police Department Reimbursement Revenues $92,400 General Fund The city should increase the operating budget of the department to reflect several reimbursed expenses for FY 1998. First, the department provides police officers on an overtime basis to meet special community & business needs and invoices for the related expenses. The amount projected for FY 1998 is $59,000. Second, the department participates in Driving Under the Influence (D.U.I.) sweeps in conjunction with volunteers and the police officer overtime is reimbursed by a cooperative effort with Utah Highway Patrol Training funds. This amount for FY 1998 is $12,300. Third, the department receives overtime 5 reimbursement for officers assigned to the Metro Narcotics/Drug Enforcement Administration task force. This amount for FY 1998 is $16,100. And fourth, the department on occasion receives revenue for officers attending court on duty as well as other court related reimbursements. This amount for FY 1998 is $2,100. In addition to reimbursed personal services, revenues totaling $2,900 are projected for reimbursed O&M supplies. The department allows for the purchase of service weapons to retiring officers, police patch sales to appropriate individuals, and "No trespassing" signs for area property owners in a cooperative effort to reduce vandalism, littering, harassment in and around places of business. The requested amendment also reflects these reimbursements. Fund Department / Category Decrease Increase General Fund Police / Charges, Fees and Rentals (R) $89,500 Police / Sundry Revenues (R) 2,900 Police / Personal Services (E) 89,500 Police / Operating & Maintenance (E) 2,900 Issue Request #6 - City Tax Notes Interest Adjustment $35,625 Budget Impact General Fund The City should increase the General Fund Tax Notes interest budget to reflect the actual interest rate. At the time the General Fund budget was finalized for FY 1997-98, the City's Tax Notes were not yet sold. A $15,000,000 issue with a 4.25 % coupon was used to calculate interest expense for the General Fund. When the process was finally complete, the City had sold $15,000,000 in Tax Notes with a 4.5 % coupon. The effect of the final/actual interest rate needs to be reflected in the amount budgeted for interest expense. The offset to the increase in interest expense of $35,625 will be reflected in an increase to interest income. Fund Department / Category Decrease Increase General Fund Non Departmental / Tax Note Interest Expense (E) $35,625 Management Services / Tax Note Interest Income (R) 35,625 6 Issue Request #7 - Motor Fuel Excise Tax Bond Fund Adjustment $2,500 Budget Impact Debt Service Fund The City should increase the Debt Service Fund budget for Motor Fuel Excise Tax Bonds by $2,500. The Motor Fuel Excise Tax Bonds require an arbitrage rebate calculation each year. The calculation period always coincides with the fiscal year end. Typically the amount is constant, and can be estimated from year to year. However, because 1998 is the five year anniversary of the Motor Fuel Excise Tax Series 1993 Bonds, a special calculation is needed. Federal tax regulations require a special calculation to be performed every five years on the anniversary date of the bond issue. For FY 1997-98, this resulted in an additional charge of $2,500. Interest income of $37,848 has accrued in the Debt Service Fund, but it is typically not budgeted. A portion of this interest should be appropriated to provide the revenue needed for the increased expenses related to the Motor Fuel Excise Tax Bonds. Fund Department / Category Decrease Increase Debt Service Non Departmental / Motor Fuel Excise Tax Bond $2,500 Fund Fund interest income (R) Non Departmental / Motor Fuel Excise Tax Bond $2,500 Fund expenses (E) Issue Request #8 - CIP Sidewalk -Fairfax Avenue to Popperton Park $7,800 Budget Impact CIP Fund The City should create a budget of $7,800 for the construction of a sidewalk from Fairfax Avenue to Popperton Park. The City is in the process of entering into an agreement with the Shriner's Hospital to allow for the construction of a sidewalk from Fairfax Avenue to the southwest corner of Popperton Park. A Community Council requirement for the construction of the Shriner's Hospital specified that the hospital dedicate this right-of-way and construct the sidewalk for neighborhood use. The Shriner's Hospital was initially going to construct the walk as part of their project. However, because of liability concerns, the Shriner's Hospital determined it would be more appropriate to dedicate the right-of-way and pay money to the City for the construction. The walkway will provide access to Popperton Park and will eventually tie into the park walkways. The budget for the sidewalk needs to be created before the work can begin. Fund Department / Category Decrease Increase CIP Fund CIP / Sidewalk - Fairfax Avenue to Popperton $7,800 Park (R) CIP / Sidewalk - Fairfax Avenue to Popperton 7,800 Park (E) Issue Request #9 - CIP Contingency for FY 1997-98 ($2,000,000) Budget Impact CIP Fund The City should reduce the Fiscal Year 1997-98 CIP Contingency budget of $2,182,000 by $2,000,000. The sale of a parcel of land in West Jordan at Airport No. 2 for approximately $13 million last year allowed the City to fund additional projects in Fiscal Year 1997-98. Two million dollars of these proceeds were originally set aside for the Fairmont Park Swimming Pool. The funds were not needed for this project, so they were moved to the CIP Contingency budget. This money could now be better used by funding additional capital improvement projects for Fiscal Year 1998-99. Therefore, it is recommended that the contingency budget be reduced for FY 1997-98 by $2 million which will be appropriated in FY 1998-99. Fund Department / Category Decrease Increase CIP Fund CIP / General Fund Contingency (E) $2,000,000 CIP / Land Sale (R) $2,000,000 8 Issue Request #10 - CIP Budget Transfer for Traffic Signal Proj ects $-0- Net Budget Impact CIP Fund The City should transfer surplus budget of $95,000 from the completed Traffic Signals Project to the Pedestrian Traffic Signal Installation project. In Fiscal Year 1994-95, a budget of $1,438,222 was allocated for a Traffic Signals Project. This project has been completed for all the signals that were bid, and has a remaining budget of about $128,000. The remaining budget is a result of the final cost for the signals being below the estimates. The design for another signal project, Pedestrian Traffic Signal Installation, is nearing completion. The design has revealed that the estimated cost now exceeds the current available budget for this new project. It is requested that a portion of the surplus budget be transferred from the old project to the new project to allow it to be bid and constructed. The Pedestrian Traffic Signal Installation budget should be increased by $95,000. Additional traffic signal projects will likely be identified at a later date that will require the remaining surplus funds (about $33,000) in the Traffic Signals Project. Fund Department / Category Decrease Increase CIP Fund CIP / Pedestrian Traffic Signal Installation (E) CIP / Traffic Signals Project (E) $95,000 95,000 Issue Request #11 - CIP Budget UDOT Fencing $-0- Net Budget Impact CIP Fund The City Council approved funding for a fencing project along 600 N. and I-15 in November, 1998. The amount was for $75,000. The source of funds was to be rental income from UDOT' s use of the land. The interlocal agreement was discussed previously. Funding in the interlocal called for a budget of $127, 824. We are recommending that the budget amount be increased. The $52,824 difference will come from the CIP contingency account. We have subsequently discovered that the rental issue with UDOT will not take place, and therefore the land in question will be sold for an anticipated price of $20,000. This means we 9 are also recommending that an additional $55,000 of CIP contingency be used to cover this difference. Another interlocal agreement with UDOT regarding the design of a `Cable stayed feature' located on 600 S. and I-15 will require $9,635. This amount will also be covered by the CIP contingency account. The total difference to be covered by CIP contingency on these two projects will be $117,459. Fund Department / Category Decrease Increase CIP Fund CIP / UDOT Fencing (E) $52,824 CIP/Rental Income (R) $55,000 CIP/Contingency (E) $117,459 CIP/UDOT Cable Stayed Feature (E) $9,635 Issue Request #12 - Light Rail Corridor Economic Development $250,000 Budget Impact General Fund The City should appropriate $250,000 from additional recognized property tax revenue to the Downtown Alliance for the purpose of stimulating those businesses along the light rail corridor that have been affected by the construction project. The businesses abutting the light rail corridor are vital in the maintenance of a vibrant and dynamic economic base, and their continued success is essential for the economic well-being of the City. Light rail construction has limited access to these businesses and by providing some additional resources, some of the negative effect can be ameliorated and the loss of sales tax and property tax revenues can be minimized. The grant is expected to provide short-term help to these businesses so that long-term consequences can be avoided. The use of these funds is for the public purpose of improving the overall vitality of the City's economic base and is closely similar to those City funds appropriated each year to the Chamber of Commerce and the Economic Development Corporation of Utah for the purpose of economic development. The Downtown Alliance is a special improvement district that is funded by a property tax assessment on businesses in the Central Business District. Because its mission is to promote the economic health and vitality of the downtown area, it is uniquely suited to manage this project. The Alliance's membership is 10 comprised of many businesses along the construction corridor and has agreed to work with them, as well as those along the corridor but outside the Alliance's legal boundaries, for this project. It is expected that the Alliance will poll the affected businesses to develop the most efficient plan possible as determined by the businesses. The Alliance, in conjunction with interested businesses abutting the light rail corridor, will develop a financial disbursement plan and/or program. The conditions of the grant are: • All direct recipients must be within Salt Lake City limits. • All direct recipients must abut the light rail construction corridor. • The Alliance must provide a written program to the City by June 23, 1998, outlining the proposed use of the funds. • The entire grant must be fully expended before December 31, 1998. • The entire grant must be used for economic development/promotion and can not be used to pay for administrative costs. • The Alliance will provide a report to the City Council and Administration on the accomplishments of the grant program no later than January 1, 1999. • The Alliance will maintain an audit trail on the receipt and expenditure of all funds, and will provide the City access to these records. Fund Department / Category Decrease Increase General Fund Property Tax Revenue (R) $250,000 Non Departmental/Light Rail Corridor Economic Development (E) $250,000 11