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Home My WebLink About2025-06-17; Public Financing Authority; Resolution 101Exhibit 4 RESOLUTION NO. 101 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE CARLSBAD PUBLIC FINANCING AUTHORITY OF THE CITY OF CARLSBAD, CALIFORNIA, ADOPTING THE FINAL OPERATING BUDGET AND CAPITAL IMPROVEMENT PROGRAM OF THE CROSSINGS AT CARLSBAD MUNICIPAL GOLF COURSE FOR FISCAL YEAR 2025-26 AND ESTABLISHING CONTROLS ON CHANGES IN APPROPRIATIONS FOR BUDGET FUNDS WHEREAS, the Board of Directors of the Carlsbad Public Financing Authority has reviewed the proposed final Operating Budget for The Crossings at Carlsbad Municipal Golf Course for fiscal year 2025-26 and has held such public hearings as are necessary prior to the adoption of the final budgets. NOW, THEREFORE, BE IT RESOLVED by the Board of Directors of the Carlsbad Public Financing Authority as follow: 1.That the above recitations are true and correct. 2.The proposed action is not a “project” as defined by CEQA Section 21065 and CEQA Guidelines Section 15378(b)(4) and does not require environmental review under CEQA Guidelines Section 15060(c)(3) as it is a government fiscal activity and does not involve any commitment to any specific project which may result in a potentially significant physical impact on the environment. The activity or projects for which this budget is intended to fund may require preparation of an environmental document in accordance with CEQA and CEQA Guidelines. 3.That certain documents now on file in the Office of the City Clerk of the City of Carlsbad, entitled “Fiscal Year 2025-26 Preliminary Operating Budget, Strategic Digital Transformation Investment Program and Capital Improvement Program,” presented at the Joint Special Meeting on May 20, 2025 as Exhibit 6 to Item No. 11, as amended, if necessary, in accordance with Attachment A to this Exhibit 4 are adopted as the final Operating and Capital Improvement Program Budgets for The Crossings at Carlsbad Municipal Golf Course for FY 2025-26, along with any adjustments, if any, determined by the Board of Directors as set forth in the minutes of this Joint Special Meeting on June 17, 2025. 4.That the amounts reflected as estimated revenues for FY 2025-26 as shown in Attachment A are adopted as the budgeted revenues for FY 2025-26. June 17, 2025 Item #14 Page 154 of 634 Docusign Envelope ID: 1129D405-A2DB-493B-A1F9-9B0376BD6E5B 5.That the amount designated as FY 2025-26 Budget request in Attachment A to this Exhibit 4 is appropriated to the fund for which it is designated, and such appropriation shall not be increased except as provided in this resolution. 6.That the following controls are placed on the use and transfer of budget funds: A.No expenditure of funds shall be authorized unless sufficient funds have been appropriated by the Board of Directors or Executive Director as described below. i.The Executive Director may authorize all transfers of funds from account to account within the same fund. ii.The Executive Director may delegate the authority to make budget transfers and adjustments. iii.The Executive Director may authorize budget adjustments involving offsetting revenues and expenditures; the Executive Director may authorize increases in an appropriation for a specific purpose where the appropriation is offset by unbudgeted revenue which is designated for the specific purpose. iv.The Executive Director may delegate any of the authority given to him or her under this resolution. 7.That all outstanding encumbrances as of June 30, 2025, are continued into FY 2025-26 for such contracts and obligations. 8.That all appropriations in the Capital Improvement Program remaining unexpended as of June 30, 2025, are appropriated to FY 2025-26 for their respective project budgets. June 17, 2025 Item #14 Page 155 of 634 Docusign Envelope ID: 1129D405-A2DB-493B-A1F9-9B0376BD6E5B PASSED, APPROVED AND ADOPTED at a Joint Special Meeting of the Board of Directors of the Carlsbad Public Financing Authority, the City Council of the City of Carlsbad, the Board of Directors of the Carlsbad Municipal Water District, the City of Carlsbad Community Development Commission, and the City Council of the City of Carlsbad as Successor Agency to the Carlsbad Redevelopment Agency held on the 17th day of June, 2025, by the following vote, to wit: AYES: Blackburn, Bhat-Patel, Acosta, Burkholder, Shin. NAYS: None. ABSTAIN: None. ABSENT: None. _____________________________________ KEITH BLACKBURN, Chairperson ______________________________________ SHERRY FREISINGER, Secretary (SEAL) June 17, 2025 Item #14 Page 156 of 634 Docusign Envelope ID: 1129D405-A2DB-493B-A1F9-9B0376BD6E5B PARKS & RECREATION: THE CROSSINGS AT CARLSBAD MUNICIPAL GOLF COURSE Account: 572 Fund: Enterprise ABOUT The Crossings at Carlsbad Municipal Golf Course is an 18-hole municipal golf course and event facility. Amenities for public use include a 6,835-yard championship golf course, a clubhouse complete with a golf shop, players’ lounge, sunset patio, banquet facilities, fireplace in dining room, full-service kitchen, outdoor deck with ocean views and three miles of hiking trails that connect to Veterans Memorial Park. JC Management, Inc. manages this facility via an agreement with the Carlsbad Public Financing Authority. SERVICES •Administer management and operations agreement with JC Management, Inc. •Maintain and renovate golf and non-golf turf, landscaping, drainage, irrigation, cart paths, parking lots and site utilities systems •Maintain and repair clubhouse, snack bar, restrooms and public areas available for patrons •Oversee food and beverage services at the Players’ Lounge, Sunset Patio, Canyons Restaurant, beverage carts and snack bar •Manage sales and marketing for golf and non-golf activities, special events, banquets, dining, weddings and other gatherings •Train and oversee player assistants, greeters and starters servicing the course and clubhouse 2022-23 Actual 2023-24 Actual 2024-25 Budget 2025-26 Budget Personnel Services Salaries & Wages $0 $0 $0 $0 Retirement Benefits 0 0 0 0 Health Insurance 0 0 0 0 Other Personnel Expenses 0 0 0 0 Personnel Services Subtotal 0 0 0 0 Operating Expenses Professional & Contract Services 351,109$ 336,686$ 348,000$ 355,000$ Supplies & Materials - - - - Repair & Maintenance - - - - Interdepartmental Charges - - - - Other Operating Expenses 8,280,478 8,898,942 9,564,000 9,446,000 Capital Outlay 530,763 951,800 850,000 788,000 Operating Expenses Subtotal 9,162,350 10,187,428 10,762,000 10,589,000 TOTAL EXPENDITURES 9,162,350$ 10,187,428$ 10,762,000$ 10,589,000$ Full Time Positions 0.00 0.00 0.00 0.00 Hourly/FTE Positions 0.00 0.00 0.00 0.00 Attachment A June 17, 2025 Item #14 Page 157 of 634 Docusign Envelope ID: 1129D405-A2DB-493B-A1F9-9B0376BD6E5B RECENT ACCOMPLISHMENTS •Executed a Capital Improvement Plan with projects that have an anticipated return on investment or were needed for maintenance effectiveness or safety concerns •Upgraded multiple pieces of kitchen equipment to improve efficiency and overall quality •Ensured the pace of play was under five hours per round of golf, via staff educating patrons and expediting play, and met pace of play goal on at least 90% of rounds played •Replaced damaged golf cart paths and fencing in specific, high-risk areas around the golf course and facility •Installed east range netting to protect assets located in the area from errant shots •Restored wood in banquet rooms, restaurant, lounge, bathrooms and lobby of clubhouse •Painted all exterior/interior areas of clubhouse •Upgraded dining room chairs for Canyons Restaurant •Executed bunker renovations for Holes 11 and 13 on the golf course •Completed clubhouse perimeter and parking lot landscape renovation and enhancements •Purchased a course greens mower and a utility cart for increased quality and production •Installed bromic heaters on Canyons Patio to replace existing stand-alone heaters, providing additional revenue opportunities while consistently keeping guests comfortable on cooler days and evenings GOALS •Level tee boxes and renovate greens collars where needed for better course playability •Construct wind wall to extend from west patio to south side of canyons patio •Add audiovisual components to integrate the exterior of the clubhouse with its interior, enhancing the guest experience upon arrival •Upgrade the restrooms and snack bar to improve guest experience •Renovate bunkers for needed areas on the golf course •Replace tabletops in the Canyons Restaurant •Add landscape fountain features to courtyard and front entrance areas •Secure permit approvals for facility’s monument signage •Expand clubhouse landscape enhancements and continue new plantings for removed trees •Maintain number of rounds played, and apply increase to the average rate by $2 per round •Increase number of banquets and receptions by at least 2% Performance Measure FY 2024 Actual FY 2025 Estimated FY 2026 Projected Benchmark Related Strategic Plan Goal Percentage of golf rounds that met pacing goal 91% 92% 93% At least 90% Community Character Percentage increase in banquets and receptions hosted annually 3% 8% 2% 2% annual increase Community Character June 17, 2025 Item #14 Page 158 of 634 Docusign Envelope ID: 1129D405-A2DB-493B-A1F9-9B0376BD6E5B