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HomeMy WebLinkAboutResolution 2023-09 CITY OF SPRINGFIELD, OREGON RESOLUTION NO. 2023-09 SUPPLEMENTAL BUDGET #3 A RESOLUTION ADJUSTING RESOURCES AND REQUIREMENTS IN THE INSURANCE FUND. WHEREAS, the Common Council has adopted the budget and made appropriations for Fiscal Year 2022-2023 through Resolution No. 2022-25 adopted June 20, 2022 and as amended by Resolution No. 2023-04 adopted February 21, 2023; WHEREAS, ORS 294.471(1)(a) permits a supplemental budget due to an occurrence or condition that was not known at the time the budget was prepared or prior to a previous supplemental budget and that requires a change in financial planning; WHEREAS, the Common Council is requested to make adjustments to the Fiscal Year 2022-2023 budget and appropriations pursuant to ORS 294.471(1)(a) as justified in Exhibit A, which is attached and incorporated by reference; WHEREAS, this supplemental budget is being presented at a public hearing at which the public may comment on such requests; and WHEREAS, notice of a public hearing, including information regarding such revenues and expenditures was published in a newspaper of general circulation not less than 5 days prior to the public meeting, NOW, THEREFORE, BE IT RESOLVED BY THE COMMON COUNCIL OF THE CITY OF SPRINGFIELD: Section 1: The Fiscal Year 2022-2023 budget and appropriations, as adopted by Resolution No. 2022-25 and as amended by Resolution No. 2023-04 hereby adjusted as provided in Exhibit A. Section 2: This Resolution will take effect upon adoption by the Council. ADOPTED by the Common Council of the City of Springfield this 13thday of March , 2023 , by a vote of 5 for and 0 against. ATTEST: REVIEWED&APPROVED e AS TO FORM DATE: 3/13/23 City Recorder SPRINGFIELD CITY ATLORNFY'S OFFICE Exhibit A Page 1 of 8 EXHIBIT A FY2022-23 SUPPLEMENTAL BUDGET AND APPROPRIATIONS TRANSFER Appropriations FY23 Supplemental Supplemental Supplemental Transfers& FY23 General Fund-100 Adopted Budget Budget 1 Budget 2 Budget 3 Adiustments Revised Budget Department Operating City Manager's Office $ 1,599,228 $ 82,293 $ - $ $ (1,000) $ 1,680,521 Development&Public Works 3,105,437 - 65,000 3,170,437 Finance 2,595,074 - - 2,595,074 Fire and Life Safety 12,589,148 10,350 21,078 87,334 12,707,910 Human Resources 750,152 - - - 750,152 Information Technology 1,856,407 - - 1,856,407 Legal Services 887,735 100,000 100,000 1,087,735 Library 2,062,570 12,420 - 2,074,990 Police 17,336,526 - - 17,336,526 Total Department Operating 42,782,276 205,063 186,078 86,334 43,259,751 Non-Departmental Transfers 852,378 - 401,339 1,000 1,254,717 Contingency 1,000,000 - (87,334) 912,666 Reserves* 8,664,351 (189,689) (466,339) 8,008,323 Total Non-Departmental 10,516,729 (189,689) (65,000) (86,334) 10,175,706 Total General Fund $ 53,299,005 $ 15,374 $ 121,078 $ $ $ 53,435,457 General Fund Commentary: -No current activity. Appropriations FY23 Supplemental Supplemental Supplemental Transfers& FY23 Street Fund-201 Adopted Budget Budget 1 Budget 2 Budget 3 Adiustments Revised Budget Department Operating City Manager's Office $ 57,912 $ $ $ $ $ 57,912 Development&Public Works 6,951,767 6,951,767 Finance 68,156 68,156 Total Department Operating 7,077,835 7,077,835 Non-Departmental Transfers 150,000 150,000 Contingency 200,000 200,000 Reserves* 2,167,503 6,972 2,174,475 Total Non-Departmental 2,517,503 6,972 2,524,475 Total Street Fund $ 9,595,338 $ 6,972 $ $ $ $ 9,602,310 Street Fund Commentary: -No current activity. Resolution No. 2023-09 Exhibit A Page 2 of 8 Appropriations FY23 Supplemental Supplemental Supplemental Transfers& FY23 Special Revenue Fund-204 Adopted Budget Budget 1 Budget 2 Budget 3 Adiustments Revised Budget Department Operating City Manager's Office $ 273,934 $ 29,976 $ - $ $ 1,000 $ 304,910 Development&Public Works 5,534,827 6,815,262 277,500 - 12,627,589 Finance 14,000 1,000,000 - 1,014,000 Fire and Life Safety 270,508 630,000 35,724 936,232 Human Resources 103,622 - - 103,622 Information Technology 143,889 - - 143,889 Library 125,180 141,740 38,163 305,083 Police 393,000 288,194 247,120 928,314 Total Department Operating 6,858,959 8,905,172 598,507 1,000 16,363,638 Total Development&Public Works Capital Projects 40,000 40,000 Non-Departmental Reserves* 4,325,763 3,161,253 (608,224) 6,878,792 Total Non-Departmental 4,325,763 3,161,253 (608,224) 6,878,792 Total Special Revenue Fund $ 11,184,722 $ 12,106,425 $ (9,717) $ $ 1,000 $ 23,282,430 Special Revenue Fund Commentary: -No current activity. Appropriations FY23 Supplemental Supplemental Supplemental Transfers& FY23 Transient Room Tax Fund-208 Adopted Budget Budget 1 Budget 2 Budget 3 Adiustments Revised Budget Department Operating City Manager's Office $ 242,212 $ $ $ $ $ 242,212 Development&Public Works 32,874 32,874 Library 249,771 7,537 257,308 Total Department Operating 524,857 7,537 532,394 Non-Departmental Transfers 944,444 - 944,444 Reserves* 1,772,561 240,730 2,013,291 Total Non-Departmental 2,717,005 240,730 2,957,735 Total Transient Room Tax Fund $ 3,241,862 $ 248,267 $ $ $ $ 3,490,129 Transient Room Tax Fund Commentary: -No current activity. Appropriations FY23 Supplemental Supplemental Supplemental Transfers& FY23 Adopted Budget Budget 1 Budget 2 Budget 3 Adiustments Revised Budget Community Development Fund-210 Department Operating Development&Public Works $ 1,321,783 $ $ 665,146 $ $ $ 1,986,929 Finance 26,041 - 26,041 Total Department Operating 1,347,824 665,146 2,012,970 Non-Departmental Reserves* 6,991 199,652 - 206,643 Total Non-Departmental 6,991 199,652 206,643 Total Community Development Fund $ 1,354,815 $ 199,652 $ 665,146 $ $ $ 2,219,613 Community Development Fund Commentary: -No current activity. Resolution No. 2023-09 Exhibit A Page 3 of 8 Appropriations FY23 Supplemental Supplemental Supplemental Transfers& FY23 Building Code Fund-224 Adopted Budget Budget 1 Budget 2 Budget 3 Adiustments Revised Budget Department Operating City Manager's Office $ 22,647 $ $ $ $ $ 22,647 Development&Public Works 1,396,226 1,396,226 Fire&Life Safety 84,213 84,213 Total Department Operating 1,503,087 1,503,087 Non-Departmental Contingency 35,000 35,000 Reserves* 3,680,726 312,548 3,993,274 Total Non-Departmental 3,715,726 312,548 4,028,274 Total Building Fund $ 5,218,813 $ 312,548 $ $ $ $ 5,531,361 Building Code Fund Commentary: -No current activity. Appropriations FY23 Supplemental Supplemental Supplemental Transfers& FY23 Fire Local Option Levv Fund-235 Adopted Budget Budget 1 Budget 2 Budget 3 Adiustments Revised Budget Department Operating Fire and Life Safety $ 1,647,095 $ $ 8,917 $ $ 12,736 $ 1,668,748 Total Department Operating 1,647,095 8,917 12,736 1,668,748 Non-Departmental Contingency 45000 - (12,736) 32,264 Reserves* 1,639,130 27,207 1,666,337 Total Non-Departmental 1,684,130 27,207 (12,736) 1,698,601 Total Fire Local Option Levy Fund $ 3,331,225 $ 27,207 $ 8,917 $ $ $ 3,367,349 Fire Local Option Levy Fund Commentary: -No current activity. Appropriations FY23 Supplemental Supplemental Supplemental Transfers& FY23 Police Local Option Levy Fund-236 Adopted Budget Budget 1 Budget 2 Budget 3 Adiustments Revised Budget Department Operating Finance $ 701,355 $ $ $ $ $ 701,355 Legal Services 89,700 89,700 Police 7,134,929 492,000 7,626,929 Total Department Operating 7,925,984 492,000 8,417,984 Non-Departmental Contingency 150,000 - 150,000 Reserves* 2,104,665 56,373 2,161,038 Total Non-Departmental 2,254,665 56,373 2,311,038 Total Police Local Option Levy Fund $ 10,180,649 $ 548,373 $ $ $ $ 10,729,022 Police Local Option Levy Fund Commentary: -No current activity. Appropriations FY23 Supplemental Supplemental Supplemental Transfers& FY23 Bond Sinking Fund-306 Adopted Budget Budget 1 Budget 2 Budget 3 Adiustments Revised Budget Non-Departmental Debt Service $ 4,016,880 $ - $ $ $ $ 4,016,880 Unappropriated Ending Fund Balance* 425,458 31,656 457,114 Total Non-Departmental 4,442,338 31,656 4,473,994 Total Bond Sinking Fund $ 4,442,338 $ 31,656 $ $ $ $ 4,473,994 Bond Sinking Fund Commentary: -No current activity. Resolution No. 2023-09 Exhibit A Page 4 of 8 Appropriations FY23 Supplemental Supplemental Supplemental Transfers& FY23 Development Assessment Fund-419 Adopted Budget Budget 1 Budget 2 Budget 3 Adiustments Revised Budget Non-Departmental Reserves* $ 798,816 $ (8,308) $ $ $ $ 790,508 Total Non-Departmental 798,816 (8,308) 790,508 Total Development Assessment Fund $ 798,816 $ (8,308) $ $ $ $ 790,508 Development Assessment Fund Commentary: -No current activity. Appropriations FY23 Supplemental Supplemental Supplemental Transfers& FY23 Development Projects Fund-420 Adopted Budget Budget 1 Budget 2 Budget 3 Adiustments Revised Budget Total Development&Public Works Capital Projects $ 313,812 $ $ $ $ $ 313,812 Non-Departmental Reserves* 3,674,469 557,162 4,231,631 Total Non-Departmental 3,674,469 557,162 4,231,631 Total Development Projects Fund $ 3,988,281 $ 557,162 $ $ $ $ 4,545,443 Development Projects Fund Commentary: -No current activity. Appropriations FY23 Supplemental Supplemental Supplemental Transfers& FY23 Regional Wastewater Capital Fund-433 Adopted Budget Budget 1 Budget 2 Budget 3 Adiustments Revised Budget Department Operating Development&Public Works $ 3,896,000 $ 1,331,580 $ $ $ (55,000) $ 5,172,580 Total Department Operating 3,896,000 1,331,580 (55,000) 5,172,580 Total Development&Public Works Capital Projects 30,900,000 14,412,431 19,963,000 55,000 65,330,431 Non-Departmental Transfers 24,744 - - - 24,744 Reserves* 62,722,029 (9,277,729) (19,963,000) 33,481,300 Total Non-Departmental 62,746,773 (9,277,729) (19,963,000) 33,506,044 Total Regional Wastewater Capital Fund $ 97,542,773 $ 6,466,282 $ $ $ $ 104,009,055 Regional Wastewater Capital Fund Commentary: -No current activity. Appropriations FY23 Supplemental Supplemental Supplemental Transfers& FY23 Street Capital Fund-434 Adopted Budget Budget 1 Budget 2 Budget 3 Adiustments Revised Budget Department Operating Development&Public Works $ 137,069 $ $ $ $ $ 137,069 Total Department Operating 137,069 137,069 Total Development&Public Works Capital Projects 2,773,100 1,900,000 412,223 5,085,323 Non-Departmental Reserves* 7,197,612 (2,621,260) (10,884) 4,565,468 Total Non-Departmental 7,197,612 (2,621,260) (10,884) 4,565,468 Total Street Capital Fund $ 10,107,781 $ (721,260) $ 401,339 $ $ $ 9,787,860 Street Capital Fund Commentary: -No current activity. Resolution No. 2023-09 Exhibit A Page 5 of 8 Appropriations FY23 Supplemental Supplemental Supplemental Transfers& FY23 Sanitary Sewer Operations Fund-611 Adopted Budget Budget 1 Budget 2 Budget 3 Adiustments Revised Budget Department Operating City Manager's Office $ 81,907 $ $ $ $ $ 81,907 Development&Public Works 5,013,493 5,013,493 Finance 61,922 61,922 Total Department Operating 5,157,322 5,157,322 Total Development&Public Works Capital Projects 10,421,782 10,421,782 Non-Departmental Debt Service 1,708,000 1,708,000 Contingency 150,000 150,000 Reserves* 25,632,532 874,715 26,507,247 Total Non-Departmental 27,490,532 874,715 28,365,247 Total Sewer Operations Fund $ 43,069,636 $ 874,715 $ $ $ $ 43,944,351 Sanitary Sewer Operations Fund Commentary: -No current activity. Appropriations FY23 Supplemental Supplemental Supplemental Transfers& FY23 Regional Wastewater Fund-612 Adopted Budget Budget 1 Budget 2 Budget 3 Adiustments Revised Budget Department Operating City Manager's Office $ 17,222 $ - $ - $ $ $ 17,222 Development&Public Works 22,115,080 100,000 85,000 22,300,080 Finance 187,593 - - 187,593 Total Department Operating 22,319,896 100,000 85,000 22,504,896 Non-Departmental Transfers 14,600,000 - - 14,600,000 Debt Service 4,108,550 - 4,108,550 Reserves* 10,760,277 1,320,719 (85,000) 11,995,996 Total Non-Departmental 29,468,827 1,320,719 (85,000) 30,704,546 Total Regional Wastewater Fund $ 51,788,723 $ 1,420,719 $ $ $ $ 53,209,442 Regional Wastewater Fund Commentary: -No current activity. Appropriations FY23 Supplemental Supplemental Supplemental Transfers& FY23 Ambulance Fund-615 Adopted Budget Budget 1 Budget 2 Budget 3 Adiustments Revised Budget Department Operating Fire and Life Safety $ 6,781,261 $ 32,600 $ 194,438 $ $ 58,108 $ 7,066,407 Total Department Operating 6,781,261 32,600 194,438 58,108 7,066,407 Non-Departmental Contingency 150,000 - - (58,108) 91,892 Reserves* 5,683 (81,152) - (75,469) Total Non-Departmental 155,683 (81,152) (58,108) 16,423 Total Ambulance Fund $ 6,936,944 $ (48,552) $ 194,438 $ $ $ 7,082,830 Ambulance Fund Commentary: -No current activity. Resolution No. 2023-09 Exhibit A Page 6 of 8 Appropriations FY23 Supplemental Supplemental Supplemental Transfers& FY23 Storm Drainaue Operatinu Fund-617 Adopted Budget Budget 1 Budget 2 Budget 3 Adiustments Revised Budget Department Operating City Manager's Office $ 82,228 $ - $ - $ $ $ 82,228 Development&Public Works 6,969,180 198,000 35,000 7,202,180 Finance 61,923 - - 61,923 Total Department Operating 7,113,330 198,000 35,000 7,346,330 Total Development&Public Works Capital Projects 6,964,464 600,000 7,564,464 Non-Departmental Contingency 200,000 - 200,000 Debt Service 551,718 551,718 Reserves* 17,197,422 (235,766) (35,000) 16,926,656 Total Non-Departmental 17,949,140 (235,766) (35,000) 17,678,374 Total Drainage Operating Fund $ 32,026,934 $ 562,234 $ $ $ $ 32,589,168 Storm Drainage Operating Fund Commentary: -No current activity. Appropriations FY23 Supplemental Supplemental Supplemental Transfers& FY23 Booth-Kelly Fund-618 Adopted Budget Budget 1 Budget 2 Budget 3 Adiustments Revised Budget Department Operating City Manager's Office $ 50,583 $ - $ $ $ $ 50,583 Development&Public Works 529,946 300,000 829,946 Total Department Operating 580,528 300,000 880,528 Total Development&Public Works Capital Projects 190,000 190,000 Non-Departmental Transfers 84,237 84,237 Contingency 15,000 - 15,000 Reserves* 1,007,633 (40,366) 967,267 Total Non-Departmental 1,106,870 (40,366) 1,066,504 Total Booth-Kelly Fund $ 1,877,398 $ 259,634 $ $ $ $ 2,137,032 Booth-Kelly Fund Commentary: -No current activity. Appropriations FY23 Supplemental Supplemental Supplemental Transfers& FY23 Regional Fiber Consortium-629 Adopted Budget Budget 1 Budget 2 Budget 3 Adiustments Revised Budget Department Operating Finance $ 252,150 $ $ $ $ $ 252,150 Total Department Operating 252,150 252,150 Non-Departmental Reserves* 413,282 63,031 476,313 Total Non-Departmental 413,282 63,031 476,313 Total Regional Fiber Consortium Fund $ 665,432 $ 63,031 $ $ $ $ 728,463 Regional Fiber Consortium Commentary: -No current activity. Resolution No. 2023-09 Exhibit A Page 7 of 8 Appropriations FY23 Supplemental Supplemental Supplemental Transfers& FY23 Insurance Fund-707 Adopted Budget Budget 1 Budget 2 Budget 3 Adiustments Revised Budget Department Operating Finance $ - $ $ $ 2,000,000 $ $ 2,000,000 (1) Human Resources 877,871 - 877,871 Health Insurance 8,589,515 8,589,515 Property&Liability 1,687,609 1,687,609 Worker's Compensation 741,958 - 741,958 Total Department Operating 11,896,953 2,000,000 13,896,953 Non-Departmental Contingency 200,000 - 200,000 Reserves* 14,014,211 (273,387) (2,000,000) 11,740,824 (1) Total Non-Departmental 14,214,211 (273,387) (2,000,000) 11,940,824 Total Insurance Fund $ 26,111,164 $ (273,387) $ $ $ $ 25,837,777 Insurance Fund Commentary: 1.)Increase Finance department operating expense by$2,000,000 to support the establishment of a Public Employees Retirement System side account with the State of Oregon using funds from the PERS Side Account Reserve.Side accounts increase an employer's actuarial assets,reducing the gap between actuarial assets and actuarial liabilities with intended purpose of reducing future PERS rates/expense for the City of Springfield.The City's health insurance experience has outperformed the projected actuarial estimates over multiple budget years.In an effort to keep the reserve within a target range,the City has implemented benefit holidays for employees with the employer portion of the premium transfered to the PERS Side Account reserve.This better than anticipated performance has defied expectations and continued into FY22 and FY23.Following the most recent supplemental budget,financial monitoring has highlighted a PERS Side Account reserve balance which has grown signifigantly and is projected to continue to grow.The unexpected growth in the PERS Side Account Reserve fund results in it now being beneficial to the City to establish a side account with the state of Oregon before the state deadline at the end of March 2023,which is a necessary change to the City's financial planning. Appropriations FY23 Supplemental Supplemental Supplemental Transfers& FY23 Vehicle and Equipment Fund-713 Adopted Budget Budget 1 Budget 2 Budget 3 Adiustments Revised Budget Department Operating Development&Public Works $ 948,400 $ 585,584 $ 64,684 $ $ $ 1,598,668 Finance 500 - - 500 Fire&Life Safety 328,300 747,378 87,349 1,163,027 Information Technology 636,115 - - 636,115 Library 8,000 - 8,000 Police 370,250 - 261,000 631,250 Total Department Operating 2,291,565 1,332,962 413,033 4,037,560 Non-Departmental Transfers - 36,500 - 36,500 Reserves* 8,830,184 517,462 (413,033) 8,934,613 Total Non-Departmental 8,830,184 553,962 (413,033) 8,971,113 Total Vehicle and Equipment Fund $ 11,121,749 $ 1,886,924 $ $ $ $ 13,008,673 Vehicle and Equipment Fund Commentary: -No current activity. Resolution No. 2023-09 Exhibit A Page 8 of 8 Appropriations FY23 Supplemental Supplemental Supplemental Transfers& FY23 SDC Administration Fund-719 Adopted Budget Budget 1 Budget 2 Budget 3 Adiustments Revised Budget Department Operating Development&Public Works $ 469,638 $ $ $ $ $ 469,638 Finance 45,054 45,054 Total Department Operating 514,693 514,693 Non-Departmental Contingency 10,000 10,000 Reserves* 380,710 103,914 484,624 Total Non-Departmental 390,710 103,914 494,624 Total SDC Administration Fund $ 905,403 $ 103,914 $ $ $ $ 1,009,317 SDC Administration Fund Commentary: -No current activity. TOTAL RESOLUTION $ 388,789,800 $ 24,639,582 $ 1,381,201 $ $ 1,000 $ 414,811,583 *Reserves and Unappropriated Ending Fund Balance are not appropriated for spending and are shown for information purposes only. Resolution No. 2023-09