agenda city of watsonville city council/redevelopment agency meeting

2.7. Implement Government Code Section 20691 and electing to pay employer paid member
contributions to California Public Employees’ Retirement System (CalPERS) for City
Clerk, City Manager and all employees in the Confidential Unit, Management Unit, Mid-
Management Unit, and Service Employees International Union (SEIU)-Local 521 Clerical
Technical; and
2.8. Authorize the internal loan terms and conditions between the City’s General Fund and
City’s Pooled Money Investment Account of up to $6,454,697 and authorize the
defeasance of the CalPERS side funds for public safety plans.
3. That the City Council adopt an ordinance to instruct the Santa Cruz County to levy and collect
property tax on taxable property within the City of Watsonville for fiscal year beginning July 1,
2011 to June 30, 2012 at the levy rate of 0.077% and allocating to the Retirement Fund.
4. That the Joint City Council and Redevelopment Agency shall adopt the following resolutions:
4.1. Adopt the FY 2011-2012 Budget & accepting proposed FY 2012-2013 budget plan,
providing certain transfers of funds & approve the Five-Year Capital Improvement
Program, as summarized in Exhibit 1 below.
(amounts shown in millions)
General
Fund
City of Watsonville
Proposed Operating Budget: Consolidated Fund Summary
Special
Revenue
Page 2 of 15
Debt
Service
Pimentel 6/9/2011 4:26:10 PM
P:\budget 2011-2013\Presentations-Reports\2011-0614\SR-BudgetF2_2011-0614.docx
Enterprise
Funds
Internal
Service
Exhibit 1
Total All
Funds
FY 2011-2012
Operating Revenue $ 33.17 $ 15.44 $ 11.74 $ 32.08 $ 7.62 $ 100.05
Operating Expenses $ (33.17) $ (9.25) $ (1.92) $ (25.48) $ (7.54) $ (77.36)
Debt & Transfers Out $ - $ (4.19) $ (7.40) $ (3.77) $ - $ (15.36)
Capital $ (0.20) $ (15.37) $ - $ (46.34) $ (0.34) $ (62.25)
Net Operations $ (0.20) $ (13.37) $ 2.42 $ (43.51) $ (0.26) $ (54.92)
FY 2012-2013
Operating Revenue $ 32.97 $ 12.74 $ 11.85 $ 32.10 $ 7.79 $ 97.45
Operating Expenses $ (33.04) $ (5.86) $ (1.96) $ (25.45) $ (7.62) $ (73.93)
Debt & Transfers Out $ - $ (4.16) $ (7.40) $ (3.76) $ - $ (15.32)
Capital $ - $ (2.76) $ - $ (13.89) $ (0.03) $ (16.68)
Net Operations $ (0.07) $ (0.04) $ 2.49 $ (11.00) $ 0.14 $ (8.48)
4.2. Find that the use of taxes allocated from the Watsonville 2000 Redevelopment Project
for producing, improving and preserving the supply of low and moderate-income housing
outside the project area will be of benefit to the project area
REDEVELOPMENT AGENCY
5. That the Redevelopment Agency shall adopt a resolution to authorize the expenditure of
Redevelopment Agency low and moderate-income housing funds for planning and general
administrative costs for the purpose of producing, improving, and preserving the community's
supply of low and moderate-income housing.