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REVIEW AND DISCUSS MEASURE W PROPOSED BUDGET FOR FISCAL YEAR 2018-19
recommended action
RECOMMENDATION
Information item only.
Presented to the Measure W Oversight Committee for review and discussion is the Proposed Budget for Fiscal Year (FY) 2018-19 for the use of Measure W proceeds.
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Background
Per the Measure W Program Guidelines:
“Each May or June, as the City’s budget is adopted following public hearings, the City Manager will recertify the plan to the City Council, stating what monies have been received, what monies have been spent and what monies are available.”
Present Situation
The City Manager released the FY 2018-19 Proposed Annual Budget to City Council and the public on May 15, 2018, and a study session to review the budget was held on May 23, 2018. Attachment A includes all Measure W related pages from the FY 2018-19 Proposed Annual Budget which presents two years of actual revenues and expenditures, projected FY 2017-18 revenues and expenditures, and the proposed FY 2018-19 revenue and expenditures budget. The FY 2018-19 Measure W revenue estimate is $10.6 million, an increase of approximately 1.6% from current year projections.
The Measure W expenditure appropriation is $5.1 million for the Police Department, and $5.5 million for the Fire Department, which includes $210,000 to replace equipment. In FY 2018-19, Measure W will again fund 25 firefighters and 24 police officers, which is the same as in FY 2017-18 and one less police officer than in FY 2016-17. The 24 police officers funded by Measure W are assigned to the Field Operations Division for street patrol. The Fire Department uses the funds primarily to pay for a portion of Fire Suppression personnel salary and benefits assigned to Fire Company No. 3 in southeast Stockton, Fire Company No. 4 in central Stockton, and Fire Company No. 13 in northeast Stockton.
The program guidelines recommend an Economic Uncertainty Fund equal to 25% of annually budgeted revenues, which would equal $2.6 million in FY 2018-19. The total projected ending fund balance of $3.0 million exceeds the recommended level by approximately $398,000.
Additional Measure W information is available in the attached pages from the FY 2018-19 Proposed Annual Budget.
Attachment A - Measure W FY 2018-19 Proposed Budget