HomeMy WebLinkAbout2021-09-28; City Council; Resolution 2021-225RESOLUTION NO. 2021-225
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CARLSBAD,
CALIFORNIA, APPROVING FISCAL YEAR 2020-21 BUDGET CARRYFORWARD
REQUESTS AND APPROPRIATION OF FUNDS TO FISCAL YEAR 2021-22 AND
APPROVING THE APPROPRIATION OF GENERAL FUND RESERVES IN FISCAL
YEAR 2021-22 TO PAY DOWN $6.4 MILLION OF THE CITY'S EXISTING
PENSION LIABILITY TO THE CALIFORNIA PUBLIC EMPLOYEES RETIREMENT
SYSTEM
EXHIBIT 1
WHEREAS, the City Council of the City of Carlsbad, California established City Council Policy No.
87 -General Fund Surplus Policy for th_e appropriation of surplus funds resulting from General Fund
actual revenues exceeding total actual expenditures, plus any unspent and unencumbered
expenditures budgeted for a given fiscal year; and
WHEREAS, at the close offiscal year 2020-21, the city's unaudited General Fund reserve balance
is 57% and has exceeded its General Fund Reserve Policy target of 40%; and
WHEREAS, at the close of fiscal year 2020-21, the city's unaudited pension funded ratio is 79.2%,
a $6.4 million shortfall from the Pension Funding Policy target range of 80-85%; and
WHEREAS, at the close of fiscal year 2020-21, the remaining unaudited unspent and
unencumbered expenditures budget for the General Fund is $25.8 million of which $10.2 million has
been carried forward as a result of a previous City Council resolution, resulting in an available surplus
of $15.6 million; and
WHEREAS, in accordance with City Council Policy No. 87, the City Manager has approved
individual items of less than $100,000 that total $693,984 in General Fund carryforward requests and
$1,122,363 in carryforward requests for other non-General Fund funds; and
WHEREAS, City Council Policy No. 87 requires City Council approval for the carryforward of any
unspent and unencumbered budget for a particular item equal to or greater than $100,000; and
WHEREAS, department carryforward requests submitted for City Council approval that total
$788,660 in General Fund carryforward requests and $800,583 in carryforward requests for other non-
General Fund funds are listed in Attachment A to this resolution.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Carlsbad, California, as
follows:
1. That the above recitations are true and correct.
Sept. 28, 2021 Item #12 Page 10 of 23
General Fund RequestsDEPARTMENTFUNDDESCRIPTIONREQUESTTYPEREQUESTED AMOUNTCommunity Development001Housing Element Professional Services170,000$ Housing & Homeless Services001Motel/Hotel Voucher Program Pilot Program260,000 Library & Cultural Arts001Public Art FundsOther258,660 Police001Homeless Outreach Team vehiclesCapital Outlay100,000 Total General Fund Requests788,660$ Non‐General Fund RequestsDEPARTMENTFUNDDESCRIPTIONREQUESTTYPEREQUESTED AMOUNTTyler Court Senior Apartments806Elevator repairs and maintenanceProfessional Services100,583$ Golf Course572Toward purchase of new golf cartsCapital Outlay700,000 Total Non‐General Fund Requests800,583$ CITY OF CARLSBAD FY 2020‐21 TO FY 2021‐22(ITEMS EQUAL TO OR GREATER THAN $100,000)CARRYFORWARD BUDGET REQUESTSFOR CITY COUNCIL CONSIDERATIONAttachment A
Sept. 28, 2021Item #12 Page 12 of 23