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Home My WebLink About2026-06-16; Public Financing Authority; Resolution 104Exhibit 4 RESOLUTION NO. 104 . 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 2026-27 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 and Capital Improvement Program for The Crossings at Carlsbad Municipal Golf Course for fiscal year (FY) 2026-27 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. That the proposed action is not a “project” as defined by California Environmental Quality Act, or 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 the CEQA Guidelines. 3.That certain documents now on file in the Office of the City Clerk of the City of Carlsbad, entitled “Fiscal Year 2026-27 Preliminary Operating Budget, Strategic Digital Transformation Investment Program and Capital Improvement Program,” presented at the Joint Special Meeting on May 19, 2026 as Exhibit 6 to Item No. 4, as amended, if necessary, in accordance with Attachment A to this Exhibit 4 are adopted as the final Operating Budget and Capital Improvement Program for The Crossings at Carlsbad Municipal Golf Course for FY 2026-27, 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 16, 2026. 4.That the amounts reflected as estimated revenues for FY 2026-27 as shown in Attachment A are adopted as the budgeted revenues for FY 2026-27. June 16, 2026 Item #6 Page 150 of 618 Docusign Envelope ID: 0E287E22-5B0D-8DEB-8003-06CA64E0D5A4 5. That the amount designated as FY 2026-27 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, 2026, are continued into FY 2026-27 for such contracts and obligations. 8. That all appropriations in the Capital Improvement Program remaining unexpended as of June 30, 2026, are appropriated to FY 2026-27 for their respective project budgets. June 16, 2026 Item #6 Page 151 of 618 Docusign Envelope ID: 0E287E22-5B0D-8DEB-8003-06CA64E0D5A4 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 16th day of June, 2026, 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 16, 2026 Item #6 Page 152 of 618 Docusign Envelope ID: 0E287E22-5B0D-8DEB-8003-06CA64E0D5A4 Attachment A COMMUNITY SERVICES | 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, maintenance 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 2023-24 Actual 2024-25 Actual 2025-26 Budget 2026-27 Budget Personnel Services Salaries & Wages - - - - Retirement Benefits - - - - Health Insurance - - - - Other Personnel Expenses - - - - Personnel Services Subtotal - - - - Operating Expenses Professional & Contract Services 336,686$ 347,453$ 355,000$ 366,000$ Supplies & Materials - - - - Repair & Maintenance - - - - Interdepartmental Charges - - - - Other Operating Expenses 8,898,942 9,009,515 9,446,000 9,959,000 Capital Outlay 951,800 784,043 788,000 1,215,000 Operating Expenses Subtotal 10,187,428 10,141,011 10,589,000 11,540,000 TOTAL EXPENDITURES 10,187,428$ 10,141,011$ 10,589,000$ 11,540,000$ Full Time Positions 0.00 0.00 0.00 0.00 Hourly/FTE Positions 0.00 0.00 0.00 0.00 June 16, 2026 Item #6 Page 153 of 618 Docusign Envelope ID: 0E287E22-5B0D-8DEB-8003-06CA64E0D5A4 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 property • Replaced HVAC units for operations in the maintenance building and kitchen areas • Selected and replaced tabletops in Canyons Restaurant • Completed parking lot underplanting project along with other landscape features • Completed bathroom renovations for snack bar and on-course restrooms • Executed bunker renovations for Holes 2 & 3 on the golf course • Maintained number of rounds played while also applying a nominal average rate increase • Executed greens collars renovation project for hole numbers 10 & 14 • Completed tee box leveling and re-sodding for hole numbers 1, 9 and 10 • Upgraded Sunset Patio umbrellas for quality improvement and added guest enjoyment • Completed hole number 18 tree planting • Upgraded parking lot paving with crack fill, asphalt slurry-seal and up to date striping • Finalized design for snack bar trellis addition • Enhanced three driving range target greens for a higher quality experience • Added autonomous ball-picker for driving range operation GOALS • Continue renovation for tee box leveling and upgrade of greens collars where needed for better course playability • Install additional trees on the golf course • Construct wind wall to extend from west patio to south side of Fireside Patio • Continue bunker renovation for needed areas on the golf course • Secure permit approvals for facility’s monument signage • Expand clubhouse landscape enhancements and continue new plantings for removed trees • Add additional seating to the Sunset Patio that includes high top tables and chairs • Proceed with second phase of driving range target greens enhancement project • Purchase new trash, recycling and organics receptacles for golf course to ensure continued SB1383 compliance • Secure permits and complete construction of snack bar trellis cover addition • Add satellite bar stations with updated back bars and portable bars for F&B operation Performance Measure FY 2025 Actual FY 2026 Estimated FY 2027 Projected Benchmark Related Strategic Plan Goal Percentage of golf rounds that met pacing goal 90% 90% 94% banquets and receptions 8% 15% 3% 2% annual increase Community Character June 16, 2026 Item #6 Page 154 of 618 Docusign Envelope ID: 0E287E22-5B0D-8DEB-8003-06CA64E0D5A4