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HomeMy WebLinkAboutItem 6.1 - 1451 Fiscal Year 2017-18 BudgetPage 1 of 3 STAFF REPORT GEOLOGIC HAZARD ABATEMENT DISTRICT DATE: May 16, 2017 TO: Honorable President and Board of Directors FROM: Christopher L. Foss, GHAD District Manager SUBJECT: Fiscal Year 2017-2018 Budget for the GHADs Prepared by: Andrew Russell, District Engineer EXECUTIVE SUMMARY: The Geologic Hazard Abatement District (GHAD) Board of Directors will consider approving a resolution adopting a Fiscal Year 2017-2018 Budget for each of the three existing GHADs in the City of Dublin. STAFF RECOMMENDATION: Approve the Resolution Adopting a Budget for the Fallon Village Geologic Hazard Abatement District for Fiscal Year 2017-2018; adopt the Resolution Adopting a Budget for the Schaefer Ranch Geologic Hazard Abatement District for Fiscal Year 2017-2018; and adopt the Resolution Adopting a Budget for the Fallon Crossing Geologic Hazard Abatement District for Fiscal Year 2017-2018. FINANCIAL IMPACT: Proposed expenditures for FY 2017-18 total $728,845, $536,195, and $53,646 in the Fallon Village GHAD, Schaefer Ranch GHAD, and Fallon Crossing GHAD respectively. The expenditures are funded through a special assessment on associated properties. Activities undertaken will support the prevention, mitigation, abatement and control of identified or potential geologic hazards within each GHAD boundary. DESCRIPTION: A Geologic Hazard Abatement District (GHAD) a special entity which is established separately from the City of Dublin and applies to a specific defined area within the City. The GHAD is formed under provisions in the California Public Resources Code which establishes that a GHAD is a political subdivision of the State and is not an agency or instrumentality of a local agency. The City’s role is limited to providing support to the GHAD, coordinating activities undertaken for the GHAD, administering the GHAD funds and coordinating the payment of expenses associated with the GHAD. GHAD funding is collected as part of property Page 2 of 3 of expenses associated with the GHAD. GHAD funding is collected as part of property tax bills. The GHAD can perform maintenance on defined areas and can also accumulate reserves to address major or extraordinary work, such as a landslide repair. The Public Resources Code defines a “geologic hazard” as an actual or threatened landslide, land subsidence, soil erosion, earthquake, fault movement, or any other natural or unnatural movement of land or earth. A GHAD may be formed for the following purposes: (a) prevention, mitigation, abatement, or control of a geologic hazard and (b) mitigation or abatement of structural hazards that are partly or wholly caused by geologic hazards (Public Resources Code Section 26525). The City of Dublin has established three separate GHADS: Fallon Village GHAD (which includes both the Positano and Jordan Ranch developments; Schaefer Ranch GHAD, and Fallon Crossing GHAD. These GHADs are governed by a Board of Directors, which is comprised of the Dublin City Council. Assessments are levied in accordance with an Engineer’s Report that was prepared for each District and adopted at a public meeting. Adopting a budget for a GHAD is not a statutory requirement, but the City, as administrator of GHAD funds, believes that the formal adoption of a financial plan is in keeping with best practices of agency operations. Fiscal Year 2017-18 Budget The proposed Fiscal Year 2017-18 Budget for each GHAD is provided in Exhibit A of the Resolutions (Attachments 1, 3, and 5) and can also be found in the Fiduciary Funds section of the City of Dublin’s budget document. There are no changes to the budgets from the Fiscal Year 2017-18 Forecast presented in June 2016. The following table summarizes the revenues, expenditures and estimated fund balance in each GHAD: GHAD Estimated Beginning Fund Balance* Proposed 2017-18 Revenues Proposed 2017-18 Expenditures Ending Fund Balance Fallon Village $2,056,717 $925,823 $728,845 $2,253,696 Schaefer Ranch $2,132,387 $827,981 $536,195 $2,424,173 Fallon Crossing $230,163 $126,993 $53,646 $303,509 estimated using FY 2016-17 Amended Budget Expenditures include contracted service costs for administration, slope stabilization and erosion protection, monitoring, maintenance, and on-site conservation easement activities. Also included are salaries and benefits associated with City of Dublin staff that have been allocated to oversee GHAD operations. Fallon Village GHAD: On August 16, 2016, the Board of Directors accepted, by Resolution 2-16, approximately 52 acres of property from the developer of Jordan Page 3 of 3 Ranch. Along with the land accepted within the Positano development, the GHAD now owns approximately 272 acres of property. Schaefer Ranch GHAD: The GHAD owns approximately 297 acres of property within Schaefer Ranch. Approximately 20 additional acres of property will eventually be transferred to the GHAD upon the completion of the Schaefer Ranch Unit 2 and Unit 3 development projects. Fallon Crossing GHAD: The developer of Fallon Crossing, CalAtlantic Homes, continues to own and maintain the open space property within the development. The developer and their team are working on the process to transfer approximately 47 acres of property to the GHAD. Additionally, the developer Tassajara Hills, Toll Brothers, is seeking to annex the project into the GHAD. NOTICING REQUIREMENTS/PUBLIC OUTREACH: None. ATTACHMENTS: 1. Resolution Adopting FY 17-18 Budget Fallon Village GHAD 2. Resolution Adopting FY 17-18 Budget Schaefer Ranch GHAD 3. Resolution Adopting FY 17-18 Budget Fallon Crossing GHAD FALLON VILLAGE GHAD RESOLUTION NO.___ -17 A RESOLUTION OF THE BOARD OF THE FALLON VILLAGE GEOLOGIC HAZARD ABATEMENT DISTRICT ADOPTING A BUDGET FOR THE FALLON VILLAGE GEOLOGIC HAZARD ABATEMENT DISTRICT FOR FISCAL YEAR 2017-18 WHEREAS, the Board of the Fallon Village Geologic Hazard Abatement District (Board) desires to establish a Budget and Financial Plan for Fiscal Year 2017-18; and WHEREAS, the Board has reviewed and considered the Budget documents and has received input from the public; and WHEREAS, the Fallon Village Geologic Hazard Abatement District Fund Summary Exhibit A) attached hereto and made part of this Resolution, reflects the Fiscal Year 2017-18 Budget for the Fallon Village Geologic Hazard Abatement District (GHAD); and WHEREAS, the action taken by this resolution shall approve the appropriation. NOW, THEREFORE, BE IT RESOLVED that the Board of the Fallon Village Geologic Hazard Abatement District does hereby: 1. Adopt the Fiscal Year 2017-18 Budget Appropriation and Financial Plan for the Fallon Village Geologic Hazard Abatement District, as outlined in Exhibit A. 2. Authorize the GHAD Manager to make expenditures appropriations in accordance with the Budget as adopted. 3. Authorize the GHAD Manager to transfer budgeted amounts between line items, provided that the transfer is within the same fund. 4. Authorize the GHAD Manager to increase revenue and expenditure budget for GHAD, when corresponding revenues comes in over budget. 5. Authorize the GHAD Manager to increase the appropriations for Fiscal Year 2017-18 expenditures in an amount not to exceed the amount of funds encumbered or designated by the GHAD Manager as needed for expenses that did not occur prior to the year -end, but are expected to be expended in Fiscal Year 2017-18 consistent with the original purpose. PASSED, APPROVED AND ADOPTED this 16th day of May, 2017, by the following vote: AYES: NOES: ABSENT: ABSTAIN: Board President ATTEST: District Clerk EXHIBIT A FISCAL YEAR 2017-18 FALLON VILLAGE GEOLOGIC HAZARD ABATEMENT DISTRICT FUND SUMMARY Adopted Budget 2016-17 Amended Budget 2016-17 Proposed 2017-18 BEG. FUND BALANCE JULY 1) $1,879,874 $1,879,874 $2,056,717 REVENUES Assessments $882,693 $882,693 $912,973 Interest $11,450 $11,450 $12,850 TOTAL REVENEUS $894,143 $894,143 $925,823 EXPENDITURES BY CATEGORY Salaries & Wages $18,332 $18,332 $18,865 Benefits $7,210 $7,210 $7,547 Services & Supplies $100 $100 $100 Contracted Services $691,668 $691,668 $702,333 TOTAL EXPENDITURES $717,300 $717,300 $728,845 END FUND BALANCE JUNE 30) $2,056,717 $2,056,717 $2,253,696 SCHAEFER RANCH GHAD RESOLUTION NO.___ -17 A RESOLUTION OF THE BOARD OF THE SCHAEFER RANCH GEOLOGIC HAZARD ABATEMENT DISTRICT ADOPTING A BUDGET FOR THE SCHAEFER RANCH GEOLOGIC HAZARD ABATEMENT DISTRICT FOR FISCAL YEAR 2017-18 WHEREAS, the Board of the Schaefer Ranch Geologic Hazard Abatement District Board) desires to establish a Budget and Financial Plan for Fiscal Year 2017-18; and WHEREAS, the Board has reviewed and considered the Budget documents and has received input from the public; and WHEREAS, the Schaefer Ranch Geologic Hazard Abatement District Fund Summary Exhibit A) attached hereto and made part of this Resolution, reflects the Fiscal Year 2017-18 Budget for the Schaefer Ranch Geologic Hazard Abatement District (GHAD); and WHEREAS, the action taken by this resolution shall approve the appropriation. NOW, THEREFORE, BE IT RESOLVED that the Board of the Schaefer Ranch Geologic Hazard Abatement District does hereby: 1. Adopt the Fiscal Year 2017-18 Budget Appropriation and Financial Plan for the Schaefer Ranch Geologic Hazard Abatement District, as outlined in Exhibit A. 2. Authorize the GHAD Manager to make expenditures appropriations in accordance with the Budget as adopted. 3. Authorize the GHAD Manager to transfer budgeted amounts between line items, provided that the transfer is within the same fund. 4. Authorize the GHAD Manager to increase revenue and expenditure budget for GHAD, when corresponding revenues comes in over budget. 5. Authorize the GHAD Manager to increase the appropriations for Fiscal Year 2017-18 expenditures in an amount not to exceed the amount of funds encumbered or designated by the GHAD Manager as needed for expenses that did not occur prior to the year -end, but are expected to be expended in Fiscal Year 2017-18 consistent with the original purpose. PASSED, APPROVED AND ADOPTED this 16th day of May, 2017, by the following vote: AYES: NOES: ABSENT: ABSTAIN: Board President ATTEST: District Clerk EXHIBIT A FISCAL YEAR 2017-18 SCHAEFER RANCH GEOLOGIC HAZARD ABATEMENT DISTRICT FUND SUMMARY Adopted Budget 2016-17 Amended Budget 2016-17 Proposed 2017-18 BEG. FUND BALANCE JULY 1) $1,887,184 $1,887,184 $2,056,717 REVENUES Assessments $758,815 $758,815 $814,831 Interest $11,030 $11,030 $13,150 TOTAL REVENEUS $769,845 $769,845 $827,981 EXPENDITURES BY CATEGORY Salaries & Wages $18,332 $18,332 $18,865 Benefits $7,210 $7,210 $7,547 Services & Supplies $0 $0 $0 Contracted Services $499,111 $499,111 $509,783 TOTAL EXPENDITURES $524,653 $524,653 $536,195 END FUND BALANCE JUNE 30) $2,132,387 $2,132,387 $2,424,173 FALLON CROSSING GHAD RESOLUTION NO.___ -17 A RESOLUTION OF THE BOARD OF THE FALLON CROSSING GEOLOGIC HAZARD ABATEMENT DISTRICT ADOPTING A BUDGET FOR THE FALLON CROSSING GEOLOGIC HAZARD ABATEMENT DISTRICT FOR FISCAL YEAR 2017-18 WHEREAS, the Board of the Fallon Crossing Geologic Hazard Abatement District Board) desires to establish a Budget and Financial Plan for Fiscal Year 2017-18; and WHEREAS, the Board has reviewed and considered the Budget documents and has received input from the public; and WHEREAS, the Fallon Crossing Geologic Hazard Abatement District Fund Summary Exhibit A) attached hereto and made part of this Resolution, reflects the Fiscal Year 2017-18 Budget for the Fallon Crossing Geologic Hazard Abatement District (GHAD); and WHEREAS, the action taken by this resolution shall approve the appropriation. NOW, THEREFORE, BE IT RESOLVED that the Board of the Fallon Crossing Geologic Hazard Abatement District does hereby: 1. Adopt the Fiscal Year 2017-18 Budget Appropriation and Financial Plan for the Fallon Crossing Geologic Hazard Abatement District, as outlined in Exhibit A. 2. Authorize the GHAD Manager to make expenditures appropriations in accordance with the Budget as adopted. 3. Authorize the GHAD Manager to transfer budgeted amounts between line items, provided that the transfer is within the same fund. 4. Authorize the GHAD Manager to increase revenue and expenditure budget for GHAD, when corresponding revenues comes in over budget. 5. Authorize the GHAD Manager to increase the appropriations for Fiscal Year 2017-18 expenditures in an amount not to exceed the amount of funds encumbered or designated by the GHAD Manager as needed for expenses that did not occur prior to the year -end, but are expected to be expended in Fiscal Year 2017-18 consistent with the original purpose. PASSED, APPROVED AND ADOPTED this 16th day of May, 2017, by the following vote: AYES: NOES: ABSENT: ABSTAIN: Board President ATTEST: District Clerk EXHIBIT A FISCAL YEAR 2017-18 FALLON CROSSING GEOLOGIC HAZARD ABATEMENT DISTRICT FUND SUMMARY Adopted Budget 2016-17 Amended Budget 2016-17 Proposed 2017-18 BEG. FUND BALANCE JULY 1) $133,058 $133,058 $230,163 REVENUES Assessments $123,552 $123,552 $126,023 Interest $720 $720 $970 TOTAL REVENEUS $124,271 $124,271 $126,993 EXPENDITURE BY CATEGORY Salaries & Wages $9,161 $9,161 $9,432 Benefits $3,605 $3,605 $3,773 Services & Supplies $0 $0 $0 Contracted Services $14,400 $14,400 $40,441 TOTAL EXPENDITURES $27,166 $27,166 $53,646 END FUND BALANCE JUNE 30) $230,163 $230,163 $303,509