title
RATIFYING THE SAN JOAQUIN COUNCIL OF GOVERNMENTS’ ANNUAL FINANCIAL PLAN FOR FISCAL YEAR 2023-24
recommended action
RECOMMENDATION
It is recommended that the City Council approve a motion to ratify the San Joaquin Council of Governments’ Annual Financial Plan for Fiscal Year 2023-24.
body
Summary
The San Joaquin Council of Governments (SJCOG) requests ratification of its Annual Financial Plan (AFP) for Fiscal Year (FY) 2023-24. The SJCOG Joint Powers Agreement requires the AFP to be ratified by a majority of the seven-member governments, to which City of Stockton is a member. The AFP implements the SJCOG FY 2023-24 Overall Work Program, which includes ongoing and new projects and services.
There are no General Fund or unrestricted funds appropriated directly for SJCOG operations.
DISCUSSION
Background
The SJCOG is a joint-powers authority comprised of the City of Stockton, San Joaquin County, Lodi, Manteca, Tracy, Ripon, Escalon, and Lathrop. In addition, the Port of Stockton, San Joaquin Regional Transit District, and Caltrans District 10 are ex-officio members. The City of Stockton is represented by three of the twelve members of the SJCOG Board of Directors by appointees from City Council. Currently, members of the board include Mayor Lincoln and Councilmembers Warmsley and Wright
The SJCOG adopted the Annual Plan for FY 2023-24 on March 23, 2023, with their resolution R-23-104. The SJCOG joint-powers agreement requires that a majority of the member governments ratify SJCOG’s budget each year.
Present Situation
Attached is a request for ratification of the SJCOG Annual Financial Plan, which implements the FY 2023-24 Overall Work Program (Attachment A). The Annual Financial Plan included in Attachment A provides an outline of expenditures and a line item comparing the proposed FY 2023-24 budget with the current FY 2022-23 amended budget. The total revenues and expenditures total $41,687,240, representing a 45.5% increase from the prior fiscal year.
FINANCIAL SUMMARY
The operations and projects of the SJCOG are funded through local sales tax, state and federal grants, special assignments, and fees. The City of Stockton may participate in funding specific infrastructure projects in cooperation with the San Joaquin Council of Governments; however, no General Fund or unrestricted funds are appropriated directly for SJCOG operations.
Attachment A - SJCOG FY 2023-2024 Annual Financial Plan