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SALINAS REDEVELOPMENT AGENCY

MINUTES OF MEETING

FEBRUARY 13, 2007

 

The Agency convened in the Rotunda at 5:40 p.m.

 

Present:

Chairperson Dennis Donohue

Agency Member Janet Barnes

Agency Member Tony Barrera

Agency Member Gloria De La Rosa

Agency Member Jyl Lutes

Agency Member Steven Villegas

 

Absent:

Agency Member Sergio Sanchez

 

Also present:

Executive Director Dave Mora

Agency Counsel Vanessa Vallarta

Secretary Clerk Ann Camel

 

Upon motion by Agency member Lutes and second by Agency member Barnes, the Agency voted unanimously to adopt the Consent Resolution.

 

The Consent Resolution contained the following items.

 

1.      Approved minutes of February 6, 2007 meeting.

2.      Approved Financial Claim Report. 

 

JOINT CITY COUNCIL/REDEVELOPMENT AGENCY CONSIDERATION

 

1.  Midyear Budget 2006-07 Report

Tom Kever, Finance Director, recommended allocating the 2005-06 carryover of $2,783,283 to operating reserves ($1, 390,00) and capital projects for 2008-09 ($1,393,283).  Staff recommends increasing the General Fund operating reserve from five percent to seven percent.  The 2006-07 revenue growth is $2.9 million in 2006-07, including a net on-going growth of $1,024,300 and one-time revenue increases of $1,853,600. 

 

The 2006-07 operating budget appropriations total $592,150 for emergency medical services, the  police cadet and reserve firefighter programs, National Pollution Discharge Elimination System (NDPES) monitoring, and non-departmental operating and capital outlay contingencies.  Additionally, $39,000 in Gas Tax funds would be allocated for the NPDES street sweeper operator position. 

 

Capital project funding recommendations total $1,185,600, including $1 million for Council goal implementation.  Staff recommends no more than twenty-five percent be allocated for on-going programs.  He recommended that the $1.1 million balance of General Funds available for allocation be allocated to the capital projects reserve.

 

Mr. Kever estimated that General Fund revenues would grow by three percent in 2007-08 for total revenues of $77,029,400.  Outstanding budget issues include employee contract negotiations, which costs are not known and have not yet been determined.  Monterey County’s commitment regarding Proposition 172 funds to reduce the 911 billings is not guaranteed.  The 2006-07 911 bill is $1.8 million after the estimated Proposition 172 funding.  Monterey County previously reduced the Proposition 172 funding reallocation from $1.1 million to $575,000.  The current Proposition 172 agreement ends after this fiscal year.  The amended contract reduced the Westmed payment for paramedic support to $300,000, which may impact the City’s paramedic program.  The City’s share of costs for the next generation radio system is $3.6 million, and funding has not been identified.

 

Mr. Kever concluded that the City’s financial position has stabilized due to property tax growth,  modest economic recovery, Proposition 1A prevention of significant State raids, peaking of CalPers retirement costs, and the reserves to fund on-going projects during the next two-year operating budget.

 

COUNCIL/AGENCY ACTION

Upon motion by Council/Agency member De La Rosa and second by Council/Agency member Barnes, the Council/Agency voted unanimously to approve the adjustments to estimated revenues, appropriations, transfers, and reserves.   Absent:  Council/Agency Member Sanchez.

 

ADJOURNMENT

The meeting adjourned at 6:55 p.m..