CC SR 20220517 04 - FY 2022-23 Preliminary Budget v14
CITY COUNCIL MEETING DATE: 05/17/2022
AGENDA REPORT AGENDA HEADING: Regular Business
AGENDA TITLE:
Consideration and possible action to review the Fiscal Year 2021-22 year-end estimates,
the FY 2022-23 Preliminary Budget, and estimated fund balances for all funds, excluding
Improvement Authorities.
RECOMMENDED COUNCIL ACTION:
(1) Review the FY 2021-22 year-end estimates and approve Budget Adjustments in
the General Fund by reducing the budget in the amount of $1,738,900 in Personnel
and $661,000 in Non-Personnel and increasing Transfers-Out by $754,800 based
on the third quarter year-end estimates;
(2) Review the Preliminary FY 2022-23 Budget for the General Fund and affirm the
changes since the Budget Workshop and the funding priorities for the projected
surplus:
• Increase the General Fund Revenues by $1.2 million.
• Increase the General Fund Personnel costs by $189,300 for establishing
the City of Rancho Palos Verdes Internship Program, Recruitment Incentive
Program, funding for temporary Staff Assistant I for the Human Resources
Division and restoring the Administrative Analyst I for the City Clerk Division.
• Increase General Fund Non-Personnel costs by $570,000 for the Street
Landscape and Tree Maintenance Program and the cost for the design/plan
for the Arterial Walls and Fences Aesthetic Improvements Program.
• Increase General Fund Transfers-Out by $458,700 for the additional
transfers to Capital Infrastructure Program (CIP) Fund to reflect the
projected increase in Transient Occupancy Taxes (TOT).
• Increase General Fund Transfers-Out to the CIP Fund for the remaining
projected surplus of approximately $1.6 million; and
(3) Review and approve the Preliminary FY 2022-23 Budget consisting of the Capital
Infrastructure Program (CIP) Fund, Special Revenue Funds, and Internal Service
Funds, and excluding the Improvement Authorities and affirm the revised list for
the FY 2022-23 Capital Improvement Program.
FISCAL IMPACT: The FY 2022-23 Preliminary Citywide Budget includes total revenues
of $50.6 million and total expenditures of $54.4 million for all funds, before transfers. The
total FY 2022-23 Preliminary Budget for General Fund revenues are $35.7 million, and
expenditures are $30.5 million, excluding transfers.
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Amount Budgeted: N/A
Additional Appropriation: N/A
Account Number(s): None
ORIGINATED BY: Christopher Browning, Senior Administrative Analyst
Vina Ramos, Deputy Director of Finance
REVIEWED BY: Trang Nguyen, Director of Finance
APPROVED BY: Ara Mihranian, AICP, City Manager
ATTACHED SUPPORTING DOCUMENTS:
A. FY 2021-22 Proposed Budget Adjustments for Savings and Unused Budget
(page A-1)
B. FY 2022-23 Preliminary Budget Summary (page B-1)
C. FY 2022-23 CIP Status and Five-year CIP (page C-1)
D. March 23, 2022, General Fund Budget Workshop staff report
E. April 13, 2022, Capital Improvement Program Workshop staff report
BACKGROUND:
On March 23, 2022, the City Council held its annual General Fund Budget Workshop,
where Staff presented FY 2021-22 year-end estimates and the list of assumptions used
to develop the FY 2022-23 Proposed Budget for the General Fund. Staff also informed
the City Council that an updated year-end report would be prepared at the conclusion of
the third quarter and presented as part of the FY 2022-23 Preliminary Budget staff report
in May.
Additionally, on April 13, 2022, the City Council held the Capital Improvement Program
(CIP) Workshop to receive a status report on the current FY 2021-22 CIP, and at the
same meeting, Staff presented the FY 2022-23 Proposed Five-Year CIP. At the end of
both workshops, Staff received direction needed to prepare the FY 2022-23 Preliminary
Budget.
Based on the direction from City Council at these workshops, the information presented
tonight for the City Council highlights the changes from the FY 2022-23 Proposed Budget
to FY 2022-23 Preliminary Budget. The comprehensive staff report for the proposed
budget will be presented at the June 7 public hearing meeting. As illustrated on the
following page, if the changes presented this evening are accepted, the City Council will
conduct a public hearing on June 7 to consider adopting the budget on June 21.
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DISCUSSION:
1. FY 2021-22 General Fund Year-End Estimate Changes
At the March 23, 2022 Budget Workshop, Staff presented the estimated FY 2021-22
General Fund year-end revenues and expenditures. Staff reported that the estimated
General Fund ending fund balance would be approximately $28.6 million, including
transfers-out. After applying the City Council’s 50% Reserve Policy, the General Fund’s
estimated Excess Unrestricted Fund Balance would be roughly $15.4 million.
Over the past few weeks, Staff reviewed the most current information available on
revenues and expenditures. Based on this re-assessment, Staff is projecting the
Unrestricted Excess Reserve to end the year at approximately $15.2 million, a decrease
of $222,200 or 1% from the mid-year staff report. Table 1 summarizes the comparison of
the mid-year and third quarter year-end estimates. The “FY 2021-22 YE Changes” column
represents the difference between the mid-year and the third quarter year-end estimates.
Table 1 –General Fund Balance – Year-end Estimates
General Fund
FY 2021-22
Revised
Budget
FY 2021-22
Year-End
Estimates
(Mid-Year)
FY 2021-22
Year-End
Estimates
(3rd Qtr)
Beginning Fund Balance - 7/1/2021 25,798,773 25,798,773 25,798,773
Add: Revenues 30,075,700 32,946,100 34,778,700 1,832,600 6%
Add: Transfers-In 350,000 350,000 350,000 - 0%
Total Revenues 30,425,700 33,296,100 35,128,700 1,832,600 6%
Less: Expenditures - Operating (28,680,921) (26,281,138) (26,281,138) - 0%
Less: Expenditures - Land (1,300,000) - (1,300,000) 1,300,000 N/A
Less: Transfers to CIP (2,553,000) (3,528,300) (4,283,100) 754,800 21%
Less: Transfers to Pension (640,000) (640,000) (640,000) - 0%
Less: Other Transfers-Out (85,000) (85,000) (85,000) - 0%
Total Expenditures (33,258,921) (30,534,438) (32,589,238) 2,054,800 7%
Estimated Ending Fund Balance - 6/30/2022 22,965,552 28,560,435 28,338,235 (222,200) -1%
50% Reserve Policy 13,709,200 13,140,569 13,140,569 - 0%
Unrestricted Excess/(Deficit) Reserve - 06/30/22 9,256,352 15,419,866 15,197,666 (222,200) -1%
FY 2021-22
YE Changes
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Below is the detailed explanation of the FY 2021-22 General Fund Year-End Estimates
at the end of the third quarter, ended on March 31, 2022.
FY 2021-22 Revenues Year-End Estimate Changes
During the third quarter financial review, Staff reviewed all revenue data reported to the
City since mid-year, with the period ending December, and prepared new year-end
projections. Based on new trends, Staff estimates an increase in revenue from $33.3
million to $35.1 million, including transfers, a $1.8 million or 6% increase. This increase
is attributed to the continuing recovery of several of the City’s revenue sources as the
effects of the economic slowdown caused by the pandemic wane. A summary of the
changes to the year-end estimates for the General Fund revenues is outlined below.
Property Tax
Staff is making a minor adjustment to property tax revenue reducing year-end estimates
by $318,100 or 2% from $16.1 million to $15.7 million . This adjustment is to reflect
projections for the portion of property tax revenue received in place of Vehicle License
Fees (VLF). In addition to the regular apportionment of property taxes, cities and counties
receive property tax revenues in lieu of VLF. This is due to the fact that in 2004, the
Legislature permanently reduced the VLF rate from 2% to 0.65% and subsequently
compensated cities and counties for their revenue loss with a like amount of property
taxes, dollar-for-dollar. VLF is received from most vehicle owners. Owners are required
to pay a vehicle license fee instead of the fee being included in their property tax. This
fee can be deducted from their income tax and is based on the purchase price or value
of the vehicle. The VLF decreases during each of the vehicle’s first 11 renewal years, or
until the vehicle is transferred, whichever happens first. Staff will continue to monitor this
revenue source throughout the remainder of this fiscal year.
Property Tax
FY 21-22 Budget: $14,960,300
FY 21-22 YE at Midyear: $16,062,200
FY 21-22 YE at Third Quarter: $15,744,100
Net Change to Year-End: -$318,100 or -2%
Transient Occupancy Tax (TOT)
Since the temporary closure of Terranea Resort and all amenities from March 19 to June
12, 2020, and several months of stay-at-home orders that were put in place across the
state, TOT revenue has been challenging to project. However, TOT revenue has seen
steady growth over the past year. Through March 2022, TOT revenue has reached just
over $3.7 million. Based on the most current information received from Terranea and
economic trends, Staff projects an additional $1.9 million in TOT revenue for the
remaining three months of FY 2021-22. Combined with a projected $96,000 in
miscellaneous TOT revenue for April through June, TOT revenue is expected to reach
$5.8 million, a $794,800 or 16% increase to original projections. Staff will continue to
monitor revenue and report any significant deviations from these projections.
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Transient Occupancy Tax
FY 21-22 Budget: $3,978,400
FY 21-22 YE at Midyear: $4,955,300
FY 21-22 YE at Third Quarter: $5,750,100
Net Change to Year-End: +$794,800 or +16%
Sales Tax
Revenue in this category experienced a strong and consistent recovery this fiscal year
which has led Staff to update year-end estimates, increasing projections $147,200 or
6.2% from $2.4 million to $2.5 million. The City’s 1% Bradley-Burns cash revenue
increased by 47.3% during the fourth quarter compared to the same period in 2020. The
majority of the fourth quarter growth was focused on the restaurants and hotels segment
as Terranea continues to trend upward on the path to full recovery. Although the resort
increased over 330% during the quarter, local tax receipts are still about 27% below pre-
pandemic levels, suggesting longer recovery than most segments. Other than Terranea,
golf clubs/courses lifted the leisure/entertainment category and all restaurant segments
had strong performances. Marshalls reported its strongest sales quarter in its history
which boosted general consumer goods along with higher taxable sales from the mortuary
and memorial park.
Sales Tax
FY 21-22 Budget: $2,163,400
FY 21-22 YE at Midyear: $2,363,400
FY 21-22 YE at Third Quarter: $2,510,600
Net Change to Year-End: +$147,200 or +6.2%
Permits and Fees
This revenue source is comprised of roughly 1 4 permit and fee types, such as Building
and Safety permits, plan check permits, planning and zoning permits, and animal
licenses. Due to the variety of items, revenue can vary from year to year. The Community
Development Department, which brings in roughly 93% of all license and permit revenue,
projects that this revenue source will see an increase of $681,200 or 26.4% over the FY
2021-22 year-end estimate of $2.6 million, bringing total revenue to $3.3 million. This
increase in revenue is led by $400,000 projected increases to Building and Safety
Permits, $105,000 in Plan Check Permits, $85,000 in Geology Permits, and $60,000 in
Planning and Zoning Permits. To date, the average total number of permits and other
building activities has outperformed the previous fiscal year, lifting activity levels upward
to pre-pandemic levels. Implementation of the new fee structure in July 2021 has also
supported the growth.
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Permits and Fees
FY 21-22 Budget: $2,083,100
FY 21-22 YE at Midyear: $2,582,700
FY 21-22 YE at Third Quarter: $3,263,770
Net Change to Year-End: +$681,200 or +26.4%
Utility Users Tax (UUT)
Revenue from UUT is dependent on a number of outside factors including weather
conditions, consumption of utilities, natural gas prices, and rate increases. UUT revenue
is projected to surpass Staff’s original estimates of $2 mill ion by $292,100 or 14.4%
reaching $2.3 million at year-end. Staff will continue to monitor this revenue source and
report any significant deviations from these projections.
Utility Users Tax
FY 21-22 Budget: $1,915,000
FY 21-22 YE at Midyear: $2,025,000
FY 21-22 YE at Third Quarter: $2,317,100
Net Change to Year-End: +$292,100 or +14.4%
Other Taxes and Miscellaneous Revenues
This revenue category consists of over 30 unique revenue sources including business
license tax, golf tax, interest earnings, rental/lease, and parking lot fees. Staff is adjusting
the year-end estimate to $3 million, up $235,400 or 8.4% from the original estimate of
$2.8 million. This increase is largely attributed to continued recovery in revenue from
Recreation Programs/Events and Facilities Rentals/Leases. The increase in
Miscellaneous Revenues includes one-time revenues such as rent damage charges and
traffic accident reimbursements. Staff will continue to monitor all components of the
category for any significant changes.
Other Taxes and Miscellaneous Revenues
FY 21-22 Budget: $2,825,500
FY 21-22 YE at Midyear: $2,807,500
FY 21-22 YE at Third Quarter: $3,042,900
Net Change to Year-End: +$235,400 or +8.4%
Table 2 on the next page summarizes the Year-End Estimates and Third Quarter Year-
End Estimates for FY 2021-22 revenue.
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Table 2 –General Fund Year-End Estimates – Revenues
FY 2020-21 Expenditures Year-End Estimate Changes
Since the March 23 Budget Workshop, Staff identified two changes to report on
expenditures for a total increase of almost $2.1 million. On April 13, the City Council
approved an additional appropriation of $1.3 million for the Purchase and Sale Agreement
and Joint Escrow Instructions to purchase and manage certain real properties commonly
known as the Lower Filiorum and Plumtree properties. The amount was approved to be
funded from the General Fund’s Unrestricted Excess Reserves. Any other new operating
expenditures approved by the City Council since March were approved to be funded
through savings and underspent budget line items from non-personnel and personnel.
In addition to the $1.3 million change, Staff projects the Transfers-Out to increase by
$754,800 or 18% over mid-year estimates to account for the estimated increase in
revenue from TOT from Terranea Resort. The amount is an increase of the General Fund
transfer to the CIP Fund.
After applying the above changes, Staff projects the year-end expenditures increasing
from $30.5 million to $32.6 million or 7% over mid-year estimates, including transfers-out
and as presented below. With the exception of these two changes, the other details of the
expenditure year-end assumptions and savings were previously presented to the City
Council at the Budget Workshop on March 23 (Attachment E).
Non-Personnel:
FY 21-22 Revised Budget: $17,950,721
FY 21-22 YE at Midyear: $15,989,838
FY 21-22 YE at Third Quarter: $17,289,838
Net Change to Year-End: $1,300,000 or 8%
FY 2021-22
Revenue Actuals Current Budget Year-End Estimates
@ Mid-Year
Year-End Estimates
@ 3rd Qtr
Property Tax 15,081,503 14,960,300 16,062,200 15,744,100 (318,100) -2.0%
Transient Occupancy Tax 3,115,435 3,978,400 4,955,300 5,750,100 794,800 16.0%
Sales Tax 1,919,332 2,163,400 2,363,400 2,510,600 147,200 6.2%
Permits & Fees 2,007,453 2,083,100 2,582,700 3,263,900 681,200 26.4%
Franchise Tax 2,203,130 2,150,000 2,150,000 2,150,000 0 0.0%
Utility Users Tax 2,245,826 1,915,000 2,025,000 2,317,100 292,100 14.4%
Other Taxes & Misc. Revenues 3,540,141 2,825,500 2,807,500 3,042,900 235,400 8.4%
Subtotal $30,112,821 $30,075,700 $32,946,100 $34,778,700 $1,832,600 5.6%
Transfers In 130,000 350,000 350,000 350,000 0 0.0%
Total Revenues $30,242,821 $30,425,700 $33,296,100 $35,128,700 $1,832,600 5.5%
FY 2020-21 FY 2021-22 Year-End
Estimates Mid-Year vs
3rd Qtr
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Personnel Costs
FY 21-22 Revised Budget: $12,030,200
FY 21-22 YE at Midyear: $10,291,300
FY 21-22 YE at Third Quarter: $10,291,300
Net Change to Year-End: $0
Transfers-Out:
FY 21-22 Revised Budget: $3,278,000
FY 21-22 YE at Midyear: $4,253,300
FY 21-22 YE at Third Quarter: $5,008,100
Net Change to Year-End: $754,800 or 18%
Table 3 below is a summary of the Midyear Year-End Estimates and Third Quarter Year-
End Estimates for FY 2021-22 General Fund Expenditures.
Table 3 –General Fund Year-End Estimates – Expenditures
As part of the annual process, Staff recommends adjusting the FY 202 1-22 Revised
Budget to align with the third quarter year-end estimates for personnel, non-personnel,
and transfers-out. This process would release the identified savings and unused budget
back to the fund balance.
As such, Staff seeks City Council acceptance of the General Fund’s budget adjustments
below with a net reduction of $1,645,100. Additional budget account details are also
presented in Attachment A.
• Personnel – reduce FY 2021-22 Revised Budget by $1,738,900.
• Non-Personnel - reduce FY 2021-22 Revised Budget by $661,000.
• Transfers-Out – increase FY 2021-22 Revised Budget by $754,800.
FY 2020-21 FY 2021-22
Expenditure Type Actuals Revised Budget
Year-End
Estimastes
(@ Mid-Year)
Year-End
Estimastes
(@ 3rd Qtr)
FY 2021-22
Year-End Estimates
Mid-Year vs. 3rd Qtr
Salaries 7,316,601$ 8,652,400$ 7,284,500$ 7,284,500$ 0 0%
Benefits 2,655,670 3,377,800 3,006,800 3,006,800 0 0%
Legal Services 884,672 940,000 933,100 933,100 0 0%
Sheriff Contract 6,970,901 7,150,200 7,150,200 7,150,200 0 0%
Supplies 452,592 605,586 611,586 611,586 0 0%
Professional/Technical 2,212,629 3,357,671 2,870,589 2,870,589 0 0%
Repairs and Maintenance 2,648,882 2,698,174 2,676,259 2,676,259 0 0%
Training/Conference 151,514 346,405 268,119 268,119 0 0%
Misc. Expense 1,148,479 1,552,685 1,479,985 1,479,985 0 0%
Capital - Land 0 1,300,000 0 1,300,000 1,300,000 N/A
Subtotal 24,441,940 29,980,921 26,281,138 27,581,138 1,300,000 5%
Transfers Out 1,750,819 3,278,000 4,253,300 5,008,100 754,800 18%
Total Expenditures 26,192,759$ 33,258,921$ 30,534,438$ 32,589,238$ 2,054,800$ 7%
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Any substantial changes to year-end estimates will be reported in the FY 2021-22
unaudited actuals presented for the City Council’s review in December. Subsequently,
Staff will present an audited final report of the Annual Comprehensive Financial Report
(ACFR) in January 2023.
2. FY 2022-23 General Fund Preliminary Budget Changes
Overview
At the March 23 Budget Workshop, the City Council approved the presented budget
assumptions for expenditures and revenues to develop the FY 2022-23 Preliminary
Budget for the General Fund. Based on the assumptions, Staff projected almost $34.9
million of revenues, including transfers, which is an increase of approximately $4.4 million
or 14.5% over FY 2021-22 budget and $1.6 million or 4.7% over FY 2021-22 year-end
estimates.
The City Council also approved the proposed expenditure budget of $34.5 million,
including transfers out, which is an increase of $2.5 million or 7.9% over the FY 2021-22
revised budget. Of this amount, $889,500 is a transfer out to the CIP Fund and $400,000
is a transfer out to the Pension Fund. In accordance with City Council Policy No. 41 and
Pension Guidelines, the amount must be funded from the prior year’s surplus. As such,
the proposed operating budget was reported at $33.2 million, resulting an operating
surplus of approximately $1.6 million.
That same evening, Staff presented options to the City Council to fund other possible
priorities utilizing a portion of the estimated surplus of $1.6 million. Subsequently, the City
Council approved including the following funding in the FY 2022-23 Preliminary Budget:
• $134,700 for Personnel - summarized in the budget changes section
• The City Council may prioritize the remaining surplus for City Council Goals,
operating, and additional Transfers-Out to the CIP Fund.
Since the Budget Workshop, Staff received additional information resulting in an increase
in revenue projections. In addition, in light of the estimated surplus, the Finance
Department collaborated with the department heads to discuss funding opportunities to
improve the City’s operations. Finally, due to the increase in revenue projections for the
TOT, the estimated Transfers-Out from the General Fund to the CIP Fund would also
increase. Hence, the following breakdown summarizes changes to the FY 2022-23
Preliminary Budget:
• Increase $1.2 million in Revenues
• Increase $570,000 for Non-Personnel
• Increase $54,600 for Personnel
• Increase $458,700 for Transfers-Out
Overall, if the above proposed changes are approved by the City Council tonight, Staff
estimates that the FY 2022-23 Operating Revenues are approximately $35.7 million
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(before transfers-in) and Operating Expenditures of $30.5 million, before transfers-out
and excluding one-time expenditures. Despite the proposed budget increase in
expenditures, the additions are offset by the increase in revenues. As illustrated in Table
4, Staff estimates a surplus of over $5.2 million, before transfers-out and one-time
expenditures. After applying the transfers and one-time expenditures, the General Fund
is estimated to have a surplus of almost $1.6 million on June 30, 2023. The surplus of
$1.6 million remains the same from the Budget Workshop as the increase in expenditures
were offset by the increase in revenues.
Table 4: General Fund Revenues and Expenditures Summary
A detailed explanation of the changes for the FY 2022-23 Proposed General Fund Budget
to the Preliminary General Fund Budget is provided below.
FY 2022-23 Revenues Preliminary Budget Changes
Since the Budget Workshop, Staff has received additional information and updated the
revenue projections for FY 2022-23. Overall, revenue, excluding transfers, is projected to
reach $35.7 million, an increase of $1.2 million over previously provided projections of
$34.6 million. Three categories that experienced material changes are outlined below.
Transient Occupancy Tax (TOT)
At the Budget Workshop, the figures provided to the City Council were prepared based
upon the best information available. Staff projected that TOT revenue would reach $5.3
million during FY 2022-23. Since this meeting, TOT revenue has shown continued
recovery and growth. However, much is still unknown as to how demand for leisure travel
will be impacted during FY 2022-23 as the country remains in an elevated inflation
environment and the cost of travel rises to meet pent up demand. For these reasons Staff
is increasing the year-end estimate by $478,400 or 9.1% to $5.8 million to match FY 2021 -
22 year-end estimate. There is not enough evidence at this point in time to infer the
amount of growth to be expected next fiscal year, but economic trends do not signal that
revenue would fall from FY 2021-22 year-end expectations. Staff will continue to monitor
this revenue source and consult with Terranea throughout the remainder of this fiscal year
and next fiscal year.
General Fund Recurring One-Time Total
Operating Revenues 35,654,700 72,300 35,727,000
Less: Operating Expenditures 29,602,100 911,300 30,513,400
Structural Surplus/(Deficit)6,052,600 (839,000) 5,213,600
Transfers-In - 300,000 300,000
Less: Transfers-Out 3,870,200 65,000 3,935,200
Surplus/(Deficit)2,182,400$ (604,000)$ 1,578,400$
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Transient Occupancy Tax
FY 21-22 Year-End Estimate: $5,750,100
FY 22-23 Proposed Budget: $5,271,700
FY 22-23 Preliminary Budget: $5,750,100
Net Change: +$478,400 or +9.1%
Permits and Fees
Revenue projections have been adjusted to reflect updates from the Community
Development Department (CDD). Staff is projecting revenue to reach $3.1 million, up
$360,500 or 13.3% from the original estimate of $2.7 million. The projected increase is
led by $210,000 projected increases to Building Safety Permits, $58,000 to Plan Check
Permits, and $73,000 to Geology Permits. This change is consistent with the increase in
activities and the year-end estimates.
On May 3, 2022, the City Council approved the FY 2022-23 Master Schedule of Fees.
The City Council approved Staff’s recommendations not to increase the fees by the March
2022 Urban Consumer Price Index (CPI-U) of 8.5% and approved adding five new fees
for CDD. At this time, Staff does not expect the added fees will have a material impact to
this revenue source. Staff will continue to work with CDD Staff to monitor this category
and adjust if needed.
Permits and Fees
FY 21-22 Year-End Estimate: $3,263,900
FY 22-23 Proposed Budget: $2,717,100
FY 22-23 Preliminary Budget: $3,077,600
Net Change: +$360,500 or +13.3%
Utility Users Tax
Revenue projections have been adjusted to reflect FY 2021-22 growth and economic
trends. Staff estimates that revenue will reach $2.2 million, up $276,200 or 14.3% from
the original estimate of $1.9 million. This update was made to reflect the upward trend in
UUT revenue experienced each fiscal year since FY 2019-20 growing from $1.9 million
to an estimated $2.3 million. This increase can be attributed to increased consumption
due to a larger portion of the population working from home during the pandemic and
utility providers increasing rates. It’s important to note that the City has not increased its
3% UUT rate, however, as utility providers increase their rates the revenue generated by
the City’s 3% UUT tax also increases. This revenue source will continue to be monitored
throughout the year to observe whether the trend of increasing revenues will continue into
next fiscal year or descend to levels typically seen in prior fiscal years.
Utility Users Tax
FY 21-22 Year-End Estimate: $2,317,100
FY 22-23 Proposed Budget: $1,925,000
FY 22-23 Preliminary Budget: $2,201,200
Net Change: +$276,200 or +14.3%
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Table 5 below is a summary of the FY 22-23 Preliminary Budget in terms of revenue and
Chart 1 is a percentage revenue allocation of each category.
Table 5 –General Fund Preliminary Budget – Revenues
Chart 1 –Preliminary Budget - Revenue Allocation
Based on the information presented above, Staff seeks City Council affirmation increasing
the FY 2022-23 Preliminary Budget Revenues by approximately $1.2 million.
FY 2022-23
Revenue Year-End Estimates
@ 3rd Qtr Budget Workshop Updated Budget @
3rd Qtr
Property Tax 15,744,100 16,550,800 16,406,800 (144,000) -0.9%
Transient Occupancy Tax 5,750,100 5,271,700 5,750,100 478,400 9.1%
Sales Tax 2,510,600 2,583,700 2,687,200 103,500 4.0%
Permits & Fees 3,263,900 2,717,100 3,077,600 360,500 13.3%
Franchise Tax 2,150,000 2,150,000 2,150,000 0 0.0%
Utility Users Tax 2,317,100 1,925,000 2,201,200 276,200 14.3%
Other Taxes & Misc. Revenues 3,042,900 3,352,400 3,454,100 101,700 3.0%
Subtotal $34,778,700 $34,550,700 $35,727,000 $1,176,300 3.4%
Transfers In 350,000 300,000 300,000 0 0.0%
Total Revenues $35,128,700 $34,850,700 $36,027,000 $1,176,300 3.4%
FY 2022-23 Budget
Workshop vs
Preliminary Budget
FY 2021-22
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FY 2022-23 General Fund Expenditures Changes
Since the Budget Workshop, the following section summarizes additional information on
the requested increase of $1.2 million from the FY 2022-23 Proposed General Fund
Budget to the FY 2022-23 Preliminary General Fund Budget.
Personnel Costs
Personnel costs account for the salaries and benefits for City employees, including full -
time, part-time, and stipend for the City Council and Planning Commissioners. At the
March 23 Budget Workshop, Staff reported that the estimated budget FY 202 2-23 for
salaries is approximately $9.1 million and $3.3 million in benefits, totaling approximately
$12.4 million. Since the Budget Workshop, the total proposed increase is $189,300 or 2%
over the proposed budget, as follows:
• $60,000 for establishing a Recruitment Incentive Program. This new program
would assist in the recruitment and appointment of qualified individuals into
hard-to-recruit positions, in accordance with the guidelines approved by the
City Council.
• $36,300 for Human Resources for a temporary part-time Staff Assistant I. This
temporary position will assist with the technical day-to-day functions of Human
Resources including processing of department mail and responding to emails
and phone calls; scheduling and coordinating logistics of trainings; maintaining
employee personnel files; assisting in onboarding of new employees and
transitioning to their new position; overseeing employee events and annual
employee recognition; and assisting with initial contact regarding leave
administration and benefit administration.
• $38,400 for Administrative Analyst I. This amount is the net increase from
continuing to underfill the Administrative Analyst II while providing a career
ladder for the Administrative Staff in the City Clerk’s office.
• $54,600 for establishing an internship program supporting the City Council
Goal of Citizen Involvement and Public Outreach. The City of Rancho Palos
Verdes Internship Program is a structured academic opportunity that allows
students to apply academic skills and knowledge in the workplace. Experiential
education based on learning objectives helps students prepare to meet career
responsibilities after graduation. The program's goals are to allow students to
apply, evaluate, test, and integrate academic knowledge and theoretical
concepts in a work setting. The program will offer students the opportunity to
gain valuable work experience in their desired career field and learn the ins and
outs of local government. Interns will work hands-on within City departments to
complete projects, survey reports, assessments, etc. Every internship is
unique, and assignments will vary depending on which internship matches their
13
field. The program will be extended to high school students and/or college
students who are enrolled in or are a recent graduate of an academic program.
As previously reported at the Budget Workshop, the City is conducting a comprehensive
classification and compensation study and organizational review for all full-time and part-
time employees. This study has not been completed and therefore any potential financial
impact is not included in the Preliminary Budget. Additionally, the City is in the process of
the collective bargaining process with the Rancho Palos Verdes Employees Association
(RPVEA). Thus, at this time, Staff is estimating personnel costs for FY 2022-23 using the
same terms from the MOU that is currently in place. Staff will continue to provide an
update of the results from the study and the bargaining process once the information and
financial impact becomes available.
In summary, the revised Personnel category is as follows:
Personnel Costs
FY 21-22 Year-End Estimate: $10,291,300
FY 22-23 Proposed Budget: $12,429,900
FY 22-23 Preliminary Budget: $12,619,200
Net Change: +$189,300 or +2%
Non-Personnel Costs
The non-personnel category includes the Los Angeles County Sheriff contract, legal
services, professional and technical services, repairs and maintenance, supplies, training
and conferences, and miscellaneous/other expenses. At the March 23 Budget Workshop,
Staff reported that the FY 2022-23 proposed budget is approximately $17.3 million. Since
the Budget Workshop, the total proposed increase is $570,000 or 3% over proposed
budget and is as follows:
• $450,000 (Public Works) – Street Landscape and Tree Maintenance Program.
The Public Works Department has been receiving requests for higher levels of
service for landscape and tree maintenance. This includes more frequent and
comprehensive landscaping of arterial street medians and parkways, increased
tree trimming throughout the City, more view restoration work, and requests for
planting of new trees and general beautification in various locations.
• $10,000 (Community Development) – Design/Plan for arterial fences. The budget
for the Arterial Walls and Fences Aesthetic Improvements Program in the CIP has
been adjusted to reflect developing a master plan utilizing City Staff. The master
plan being developed will be part of CDD’s regular operations and consideration
for CIP funding will occur as part of the CIP process after the master plan is
complete.
• $50,000 (Recreation and Parks) –Supplemental funding to enhance all existing
events such as Concerts, Movies, Holiday, July 4th, Whale of a Day, etc. Each
event/program will have the opportunity to be enhanced for the public’s benefit.
14
• $45,000 (Recreation and Parks) – Installation of a staff trailer at Forrestal Reserve
Parking area which includes connections for utilities, and rentals of a trailer a nd
portable restrooms. Staff will have presence at this lot for the full shift rather than
having to go elsewhere for breaks and/or restrooms.
• $15,000 (Recreation and Parks) - New uniforms for all part time staff including
work shirts, jackets, and head gear. Incorporates input from full and part time staff
and promotes Staff to look professional and consistent for easy recognition by the
public.
Inclusive of the changes above, the revised Non-Personnel category for FY 2022-23
Preliminary Budget is as follows:
Non-Personnel Costs
FY 21-22 Year-End Estimate: $17,289,838
FY 22-23 Proposed Budget: $17,324,200
FY 22-23 Preliminary Budget: $17,894,200
Net Change: +$570,000 or +3%
As described above, Staff seeks City Council affirmation on the budget increases in
Personnel for $189,300 and Non-Personnel for $570,000.
Transfers Out
Transfers out are considered a part of General Fund expenditures which include transfers
to the CIP Fund, Employee Pension Service Plan Fund, and other funds such as the
City’s Improvement Authority for Portuguese Bend and Sub -region One. At the March 23
Budget Workshop, Staff reported that the estimated FY 2022-23 General Fund transfers
to the CIP Fund would be approximately $3.4 million. This amount is based on the
estimated TOT revenues from Terranea Resort of approximately $5.1 million less the
cumulative annual increases in the public safety contract of almost $1.7 million. Based on
the most current TOT revenue information, Transfers-Out is estimated to increase by
$458,700 or 9%. The breakdown below reflects the revised amount for the FY 2022-23
Preliminary Budget:
Transfers-Out
FY 21-22 Year-End Estimate: $5,008,100
FY 22-23 Proposed Budget: $4,766,000
FY 22-23 Preliminary Budget: $5,224,700
Net Change: +$458,700 or +9%
Staff seeks City Council affirmation on the budget increase of $458,700 in Transfers-Out
to the CIP Fund.
15
In summary, after applying the proposed changes described above, t he following Table
6 and Chart 2 summarize the FY 2022-23 Preliminary General Fund Expenditures by
category and by department.
Table 6: Preliminary General Fund Expenditures – By Category
Chart 2: FY 2022-23 Preliminary General Fund Expenditures – Allocations by
Department
FY 2022-23
Department
FY 2021-22
Year-end Estimates Proposed Budget
Preliminary
Buget
Proposed
vs. Preliminary Budget
Changes
City Administration 2,895,236$ 3,523,800$ 3,653,100$ 129,300$ 4%
City Council 97,500 110,700 110,700 0 0%
Community Dev.3,195,700 4,122,300 4,132,300 10,000 0%
Eoc 194,000 0 0 0 0%
Finance 1,345,300 1,491,500 1,491,500 0 0%
Legal Services 934,100 950,000 950,000 0 0%
Non-Dept.3,311,200 2,213,100 2,273,100 60,000 3%
Public Safety 7,504,130 7,627,700 7,627,700 0 0%
Public Works 4,925,872 6,021,200 6,471,200 450,000 7%
Rec & Parks 3,178,100 3,663,800 3,773,800 110,000 3%
Subtotal 27,581,138 29,724,100 30,483,400 759,300 3%
Transfers Out CIP - TOT 4,283,100 3,411,500 3,870,200 458,700 13%
Transfers Out CIP & Other 85,000 954,500 954,500 0 0%
Transfers Out - Pension 640,000 400,000 400,000 0 0%
Grand Total 32,589,238$ 34,490,100$ 35,708,100$ 1,218,000$ 4%
16
FY 2022-23 Estimated Fund Balance
Based on the adjusted revenue projections and the identified additions to the
expenditures, the estimated General Fund balance on June 30, 2023, would be
approximately $29.9 million. Compared to the estimate of $30.2 million presented at the
March 23 Budget Workshop, the fund balance is projected to be reduced by $298,400 or
1%. Additionally, based on the increase in proposed operating expenditures, the City
Council Reserve Policy of 50% would increase by $396,900, resulting in a total of
$695,300 million or a 5% reduction in Unrestricted Excess Reserve since the Budget
Workshop.
Overall, as previously mentioned, the proposed increases in expenditures of $1.2 million
are offset by the increase in revenues of $1.2 million, hence, resulting the General Fund
surplus to remain at approximately $1.6 million since the Budget Workshop. FY 2022-23
is then projected to end the year again with a healthy Unrestricted Excess Reserve of
almost $13.4 million, as summarized in Table 7 below.
Table 7: General Fund Estimated Fund Balance
FY 2022-23 One-Time and Recurring Revenues and Expenditures
As reported at the March 23 Budget Workshop, after capturing the regulatory increases
and new ongoing programs, the FY 2022 -23 Proposed Budget positively exceeds the
requirement pursuant to City Council Policy No. 45, Balanced Operating Budget. The City
has a structurally balanced operating budget with a surplus of almost $5.7 million
(operating revenues minus operating expenditures). After including all operating
expenditures, one-time expenditures, and transfers, the General Fund was estimated to
end strong and anticipated to have a surplus of almost $1.6 million.
General Fund
FY 2021-22
Year-End
Estimates
FY 2022-23
Proposed
Budget
FY 2022-23
Preliminary
Budget
Beginning Fund Balance - 7/1/2022 25,798,773 28,560,435 28,338,235 (222,200) -1%
Add: Revenues 34,778,700 34,550,700 35,727,000 1,176,300 3%
Add: Transfers-In 350,000 300,000 300,000 - 0%
Total Revenues 35,128,700 34,850,700 36,027,000 1,176,300 3%
Less: Expenditures (26,281,138) (29,719,600) (30,513,400) 793,800 3%
Less: Expenditures - Land (1,300,000) - - - 0%
Less: Transfers to CIP (TOT) (4,283,100) (3,411,500)(3,870,200) 458,700 13%
Less: Transfers to Pension (640,000) - - - 0%
Less: Other Transfers-Out (85,000) (65,000) (65,000) - 0%
Total Expenditures (32,589,238) (33,196,100) (34,448,600) 1,252,500 4%
Estimated Ending Fund Balance - 6/30/2023 28,338,235 30,215,035 29,916,635 (298,400) -1.0%
Less: Transfers to CIP (Other)- (889,500) (889,500)- 0%
Less: Transfers to Pension - (400,000) (400,000)- 0%
50% Reserve Policy 13,140,569 14,859,800 15,256,700 396,900 3%
Estimated Unrestricted Excess/(Deficit) Reserve - 06/30/23 15,197,666 14,065,735 13,370,435 (695,300) -5%
FY 2022-23
Changes
17
As summarized in Table 8 below, after combining all the proposed changes detailed in
this report, the revised operating surplus remains strong at $5.2 million and after including
all expenditures, the surplus is almost $1.6 million
Based on the City Council direction from the Budget Workshop, Staff seeks City Council
affirmation to allocate the $1.6 million as an additional transfer to the CIP Fund which
would bolster funding for future City capital projects.
Table 8 – General Fund Recurring vs. One-time Revenues and Expenditures
3. Capital Improvement Program Funds
In addition to the General Fund Budget Workshop, on April 1 3, 2022, the City Council
conducted a workshop focusing on the capital program. Staff provided the City Council
information on the different categories of capital projects including Completed Projects,
Revenue Type Recurring One-time Total
Property Tax 16,406,800$ $ - 16,406,800$
Transient Occupancy Tax 5,750,100 - 5,750,100
Sales Tax 2,687,200 - 2,687,200
Franchise taxes 3,077,600 - 3,077,600
Utility Users Tax 2,150,000 - 2,150,000
Permits & Fees 2,201,200 - 2,201,200
Other Taxes & Misc. Revenues 3,381,800 72,300 3,454,100
TOTAL REVENUES $ 35,654,700 $ 72,300 $35,727,000
Expenditure by Program Recurring One-time Total
City Council 110,700$ $ - 110,700$
City Administration 3,436,800 216,300 3,653,100
City Attorney 950,000 - 950,000
Public Safety 7,627,700 - 7,627,700
Finance 1,491,500 - 1,491,500
Community Development 3,812,300 350,000 4,162,300
Public Works 6,276,200 195,000 6,471,200
Recreation & Parks 3,773,800 - 3,773,800
Non-department 2,123,100 150,000 2,273,100
TOTAL EXPENDITURES $ 29,602,100 $ 911,300 $30,513,400
STRUCTURAL SURPLUS/(DEFICITS)6,052,600 (839,000) 5,213,600
Transfers in - 300,000 300,000
Transfers out
3,870,200 65,000 3,935,200
SURPLUS/(DEFICIT)2,182,400$ (604,000)$ 1,578,400$
FUND 101 - GENERAL FUND
FY 2022-23 RECURRING VS. ONE-TIME REVENUES AND
EXPENDITURES
18
Ongoing Programs/Projects, New Projects, and a Wants/Needs List of projects. The City
Council approved the proposed projects for FY 2022-23 with the following changes:
• Restoration and Installation of “Bubbles” Statue (84LY2) – renamed and moved to
Needs/Wants List.
• Palos Verdes Drive South Intersection Improvements (8828) – budget adjusted to
move work proposed in FY 2022-23 to FY 2024-25 and FY 2025-26, and adjusted
budget to reflect escalation and impacts of revised schedule.
• Arterial Walls and Fences Aesthetic Improvements Program – Citywide (8811) –
adjusted budget to reflect developing a master plan using in-house City Staff. The
master plan being developed will be part of CDD’s regular operations and
consideration for CIP funding will occur as part of the CIP process after the master
plan is complete.
• Palos Verdes Drive East (at Bronco Drive) Widening and Path Improvements
(8839) – split into two projects.
• Palos Verdes Drive East Traffic Improvements (8854) added to FY 2022-23.
• Path Improvements (8839) remains on the Needs/Wants List, and
“Expenses/Commitments to Date” has been updated.
• Western Avenue Traffic Congestion Improvements (8809) – renamed to Western
Avenue Traffic Flow Improvements.
• Retaining Wall Repairs at 3001 Crest Road (8853) – project added to CIP in FY
2022-23.
The funding for the capital improvement program is comprised of the CIP Fund and
Special Revenue Funds. The CIP Fund’s main source of revenue comes from the TOT
Transfers-Out from the General Fund. The other funding sources for the capital
improvement program are from the City’s Special Revenues. For FY 2022-23 approved
projects, the proposed funds are from the Gas Tax, American Rescue Plan Act (ARPA),
Proposition C, Measure R, Measure M, Quimby, and Grants. Staff ensures that the
Special Revenue Funds are utilized for any qualified project before CIP Fund reserves
are appropriated.
Based on the direction that Staff received from the April 13 Budget Workshop, the FY
2022-23 Preliminary Budget for the capital improvement program decreased by
approximately $1.1 million, from $19.4 million to almost $18.3 million. Table 9 on the next
page is a summary list of the approved projects for FY 2022-23 and Table 10 summarizes
the funding allocations. Additional information on the approved projects for FY 2022-23
funding is also captured in Attachments C, and E.
19
Table 9: Preliminary Budget – Capital Improvement Program
Project
Code Project Description Amount
8202
Abalone Cove Sanitary Sewer System
Rehabilitation Program 3,300,000$
8302
Palos Verdes Drive South Landslide Area
Resurfacing Program 930,000
8304 Portuguese Bend Landslide Remediation 535,000
8423
Palos Verdes Nature Preserve Gate for the
Rattlesnake Trail 210,000
8424 Park Monument Signs 350,000
8503 New Civic Center Complex 340,000
8508
Restroom Improvements at the Point Vicente
Interpretive Center 350,000
8509 Facilities Asset Management Program 250,000
8701 Storm Drain Asset Management Program 450,000
8708 Altamira Canyon Improvements (Erosion)450,000
8715 Stormwater Drainage Improvements 1,195,000
8004 Traffic Signs Replacement Program 215,000
8801 Sidewalk Repair and Replacement Program 460,000
8808
Pavement Management Program – Arterial
Roadway Rehabilitation 1,520,000
8809 Western Avenue Traffic Flow Improvements 385,000
8810
CDBG Americans with Disabilities Act -
Infrastructure Improvements 150,000
8816
Pavement Management Program – Residential
Roadway Rehabilitation - Area 1 4,145,000
8840 Western Avenue Beautification (long term)140,000
8843
Arterial Roadway Rehabilitation - Silver Spur
Road (North of Hawthorne Boulevard)1,815,000
8846 Traffic Calming Program - Citywide 535,000
8847
Guardrail Improvements along Palos Verdes
Drive East 105,000
8851 Arterial Roadway Beautification Program 100,000
8852 City Entrance Roadway Monument Signs 200,000
8853 Retaining Wall at 3001 Crest Road 100,000
8854 Palos Verdes Drive East Traffic Improvements 50,000
TOTAL 18,280,000$
20
Table 10: Preliminary Budget – Budget Allocations
FY 2022-23 Estimated Fund Balance – Capital Improvement Program (CIP) Funds
Overall, at the end of FY 2021-22, the CIP funds are estimated to receive $13.4 million in
revenues and $8 million in capital loan for a total of $21.4 million. There are $3.3 million
of estimated capital project expenditures and $1.9 million of maintenance expenditures.
After applying the City Council Reserve Policy, the estimated Excess Reserve for all funds
in the capital improvement program is $40.5 million. The major increase in the fund
balance is from the $8 million loan from Bank of the West for the Ladera Community Park
Project. Table 11 below summarizes the FY 2021-22 estimated revenues, expenditures,
fund balance, and excess reserves.
Table 11 –Estimated Fund Balance - Capital Improvement Program Funds
Fund Fund Name
FY 2022-23
Preliminary
Budget
202 Gas Tax 1,700,000$
215 Proposition C 900,000
220 Measure R 1,400,000
221 Measure M 385,000
310 CDBG 150,000
330 CIP 9,283,000
331 Federal Grants 105,000
333 ARPA 4,247,000
340 Bicycle & Ped (TDA)110,000
TOTAL Subtotal 18,280,000$
CIP Fund ARPA Gas Tax Measure R Other Special
Revenues TOTAL
Beginning Fund Balance - 7/1/21 26,391,050 - 614,761 1,381,260 881,252 29,268,323
Add: Revenues 200,000 4,982,400 1,950,600 534,300 1,445,980 9,113,280
Add: Other Financing Source - BOW 8,000,000 8,000,000
Add: Transfers In 4,283,100 - - - - 4,283,100
Total Revenues and Other Financing Sources 12,483,100 4,982,400 1,950,600 534,300 1,445,980 21,396,380
Less: Capital Project (1,691,000) (672,600) (121,500) (93,700) (704,400) (3,283,200)
Less: Operating Expenses - - (1,053,000) - (875,000) (1,928,000)
Less: Transfers Out - - - - - -
Total Expenditures (1,691,000) (672,600) (1,174,500) (93,700) (1,579,400) (5,211,200)
Estimated Ending Fund Balance - 6/30/22 37,183,150 4,309,800 1,390,861 1,821,860 747,832 45,453,503
Less: City Council Reserve Policy (5,000,000) - - - - (5,000,000)
Estimated Excess Reserve - 06/30/22 32,183,150 4,309,800 1,390,861 1,821,860 747,832 40,453,503
*Other Special Revenues - Proposition C, Measure M, CDBG, Federal Grant, Bicycle and Ped (TDA)
21
Furthermore, as summarized in Table 12, based on the FY 2021-22 year-end estimates
and the FY 2022-23 approved projects, the FY 2022-23 CIP Preliminary Budget includes
$15.8 million of revenues and expenditures of $39.4 million. Of this amount,
approximately $18.3 million are for new projects, $19.5 million are for ongoing projects
that are estimated to be carried over from FY 2021-22 to FY 2022-23, and approximately
$1.7 million are for annual maintenance. After applying the estimated ongoing projects to
be carried over, the CIP Fund is estimated to end the year with an Excess Reserve of
$14 million, ARPA at $1.1 million, Gas Tax at $372,600, Measure R at $643,700, and
$694,600 for Other Special Funds.
Table 12 –Estimated Fund Balance - Capital Improvement Program Funds
Special Revenues
The City’s Special Revenues are taxes and other revenues set aside for a specific or
restricted purpose. The City’s major special revenue funds are the Gas Tax, Proposition
A, ARPA, Proposition C, Measure R, Measure M and Quimby. In addition to funding the
CIP projects, the Special Revenues are also designated for operating expenditures such
as street maintenance, public facility upgrades and maintenance, public right-of-way
maintenance, park upgrades, park maintenance, and transit related expenses.
Table 13 on the next page is a summary of the estimated FY 2022-23 fund balances for
the Other Special Revenue Funds. These fund balance amounts are based on
expenditures expected next year.
` CIP Fund ARPA Gas Tax Measure R Other Special
Revenues TOTAL
Beginning Fund Balance - 7/1/22 37,183,150 4,309,800 1,390,861 1,821,860 747,832 45,453,503
Add: Revenues 200,000 4,759,700 2,160,700 640,400 3,327,100 11,087,900
Add: Transfers In 4,759,700 - - - - 4,759,700
Total Revenues 4,959,700 4,759,700 2,160,700 640,400 3,327,100 15,847,600
Less: Capital Projects (9,283,000) (4,247,000) (1,700,000) (1,400,000) (1,650,000) (18,280,000)
Less: Estimated Cont. Appropriation and PO Carryover (13,854,200) (3,684,200) (498,800) (418,600) (1,049,300) (19,505,100)
Less: Operating Expenses - - (980,100) - (681,000) (1,661,100)
Less: Transfers Out - - - - - -
Total Expenditures (23,137,200) (7,931,200) (3,178,900) (1,818,600) (3,380,300) (39,446,200)
Estimated Ending Fund Balance - 6/30/23 19,005,650 1,138,300 372,661 643,660 694,632 21,854,903
Less: City Council Reserve Policy (5,000,000) - - - - (5,000,000)
Estimated Excess Reserve - 06/30/23 14,005,650 1,138,300 372,661 643,660 694,632 16,854,903
*Other Special Revenues - Proposition C, Measure M, CDBG, Federal Grant, Bicycle and Ped (TDA)
22
Table 13 – FY 2022-23 Estimated Fund Balance – Special Revenue Funds
Internal Service Funds
The City uses an Internal Service Fund (ISF) as an accounting mechanism to accumulate
and allocate costs internally among the City’s various functions. The City uses of
Equipment Replacement Fund (ERF) to account for its fleet of vehicles, computer
systems, furniture and equipment, and Employee Pension Service Fund (EPSF) to
account for employee pension service costs, as described below. The funding and uses
for the ISF is typically from the General Fund and restricted by the City Council.
Equipment Replacement Fund
The Equipment Replacement Fund (ERF) is an internal service fund that is used to
accumulate funding to replace City equipment, furniture, and vehicles at the end of the
designated life cycle. The equipment replacement charges are General Fund
expenditures for all departments and the same amounts are then recorded as revenues
in the ERF.
Based on the recently modified City Council Policy No. 41 Reserve Policies, the City will
maintain a minimum reserve of 75% but no more than 100% of the estimated replacement
cost for equipment assets that are due to be replaced in the City’s next fiscal year. Staff
estimates that the ERF will continue to have excess reserves by the end of FY 2022-23.
Therefore, Staff recommends annual charges of $283,800 to meet the minimum reserve
of 75% instead of 100% of estimated replacement costs. The same amount is recorded
as revenues in ERF plus estimated interest earnings of $30,000. For expenditures, the
estimated amount is approximately $602,700 or 22% of the replacement value. As with
Special Revenue
Funds
Estimated Beginning Fund Balance - 7/1/2022 $ 17,025,667
Add: Revenues 14,386,700
Add: Transfers-In from General Fund 50,000
Total Revenues 14,436,700
Less: Expenditures (13,653,200)
Less: Transfers-Out (300,000)
Total Expenditures (13,953,200)
Estimated Ending Fund Balance - 6/30/2023 17,509,167
Restricted by City Council Policy (938,900)
Estimated Excess/(Deficit) Reserve - 06/30/23 16,570,267$
23
previous years, before replacing any fully funded equipment/vehicles, Staff will continue
to assess the status and extend the life of the asset when possible.
As a result, the projected fund balance on June 30, 2023, is $2.1 million and after applying
the $2 million City Council policy reserves, the ERF is estimated to end the year with an
excess reserve of approximately $79,200 as illustrated in Table 14.
Employee Pension Service Fund
On February 2, 2021, the City Council approved the CalPERS Pension Plan Guidelines
which provides a financial plan to address the City’s outstanding pension liability and
CalPERS’ continuous change in valuation methodology. Based on City Council’s
discretion, the goal is to transfer funds to the Employee Pension Service Fund of at least
10%, but no more than 25%, of the annual General Fund surplus (revenues minus
expenditures, including transfers). As a result, the accumulated funds in the Employee
Pension Service Fund would then relieve the General Fund of payment more than
$900,000 of the City’s Unfunded Accrued Liability (UAL).
Since the inception of the pension guidelines, the Employee Pension Service Fund is
estimated to end FY 2021-22 with a fund balance of $640,000. Based on the audited
year-end results of FY 2020-21, the City’s surplus was over $4 million. Therefore, during
the March 23 Budget Workshop, the City Council approved Staff’s recommendation of
transferring $400,000 or 12% of the surplus from the General Fund to Employee Pension
Service Fund in FY 2022-23.
Furthermore, in accordance with the City’s Pension Guidelines the Employee Pension
Service Fund may relieve the General Fund of UAL payment in excess of $900,000. At
the March 23 Budget Workshop, the City Council also approved Staff’s recommendation
relieving the General fund of $242,000 in the employee benefit category.
In summary, Table 13 on the next page includes the estimated FY 2022-23 fund balance
for Internal Service Funds.
24
Table 13 – FY 2022-23 Estimated Fund Balance – Internal Service Funds
Based on the information presented above, Staff seeks City Council affirmation for the
FY 2022-23 Preliminary Budget for the CIP Funds based on the revised CIP list, Special
Revenue Funds, and Internal Service Funds.
ADDITIONAL INFORMATION:
American Rescue Plan Act (ARPA) Update
On April 13, 2022, the City Council held the CIP Workshop to receive a status report on
the current FY 2021-22 CIP and the FY 2022-23 Proposed Five-Year CIP. At this meeting,
the Public Works Department also proposed revising the spending plan to maximize the
probability of spending all ARPA funds by December 31, 2026 (the revised spending plan
is listed in detail in Attachment F). Staff will bring a separate staff report in August or
September to amend the ARPA spending plan for City Council consideration.
In April, Staff submitted the first compliance report required by the U.S. Department of the
Treasury. Table 14 below is a summary of the status expenditure report for the nine ARPA
projects with obligated funds and expenditures.
Equipment
Replacement
Fund
Employee
Pension Service
Fund
TOTAL
Estimated Beginning Fund Balance - 7/1/2022 $ 2,381,672 $ 640,000 $ 3,021,672
Add: Revenues 313,800 - 313,800
Add: Transfers-In from General Fund - 400,000 400,000
Total Revenues 313,800 400,000 713,800
Less: Expenditures (602,700) (242,000)(844,700)
Less: Transfers-Out - - -
Total Expenditures (602,700) (242,000) (844,700)
Estimated Ending Fund Balance - 6/30/2023 2,092,772 798,000 2,890,772
Restricted by City Council Policy (2,013,600) - (2,013,600)
Estimated Excess/(Deficit) Reserve - 06/30/23 79,172$ 798,000$ 877,172$
25
Table 14 – ARPA Status Report
Review of Utility Users Tax (UUT)
The UUT is a source of revenue for the City that continues to be a necessary revenue for
the City’s operating needs. On March 23, during the Budget Workshop, the City Council
approved continuing the 3% rate for UUT. There are no changes since the Budget
Workshop, therefore, the FY 2022-23 Preliminary Budget for General Fund includes
approximately $2.2 million or 6% of the total General Fund revenues.
Review of the Golf Tax
Rancho Palos Verdes Municipal Code Section 3.40.140 requires a legislative review of
golf tax every four years, to be completed prior to the adoption of the budget prepared for
the corresponding next fiscal year. The golf tax ordinance directs the City Council to
determine, based on the needs of the City, if any modification to the tax rate is necessary
or if the tax should be repealed. During the May 21, 2019, Budget Workshop for FY 2019-
20, the City Council approved the golf tax without any modifications. Accordingly, the ne xt
review will be in 2023 during the FY 2023-24 budget process.
CONCLUSION:
Since the Budget Workshop, Staff estimates the General Fund will continue to end FY
2022-2023 with a surplus of almost $1.6 million. This is a combination of an increase of
$1.2 million in revenues (from $34.9 million to $36 million), $1.2 million in expenditures
(from $33.2 million to $34.4 million) and $396,900 due to the City Council reserve policy.
After applying the additional transfers from the prior year’s reserves, the General Fund is
Project Name
ARPA
Approved
Funding
Total
Obligations and
Expenditures
03/31/2022 Balance Project Status
Ladera Linda Community Center and Park
Project $3,953,000 $3,953,000 $0 Project in-progress
Restroom Improvements at Point Vicente
Interpretive Center $385,000 $4,000 $381,000 Project in-progress
Storm Water Drainage Improvement - PVDS at
Peppertree $1,035,000 $0 $1,035,000 Scheduled for FY 2022-23
Park Monument Signage $350,000 $0 $350,000 Scheduled for FY 2022-23
Hesse Park Technology Upgrades $270,000 $69,555 $200,445 Project in-progress
Information Technology Infrastructure
Upgrades $250,000 $8,125 $241,875 Project in-progress
Replenishment of the City's Emergency
Supplies $100,000 $0 $100,000 Project in-progress
Development of a Peninsula-wide Evacuation
Plan $100,000 $0 $100,000 Project in-progress
Wildfire Monitoring Cameras $125,000 $0 $125,000 Project in-progress
TOTAL $6,568,000 $4,034,680 $2,533,320
Investment in Capital Infrastructure (Improvements and Repairs)
Investment in Technology Infrastructure
Investment in Protection of Life and Property
26
projected to end FY 2022-23 with a healthy Unrestricted Excess Reserve of almost $13.4
million.
The CIP Fund is estimated to end FY 2022-23 with an Unrestricted Excess Reserve of
$14 million, net of the $5 million City Council Reserve Policy. This amount also includes
the estimated $19.5 million of ongoing projects to be carried over from FY 2021 -22. Staff
will request for City Council’s approval to carry over the projects during the FY 2021 -22
unaudited actuals presented for the City Council’s review in December.
The Special Revenues Funds and Internal Service Funds are also estimated to end FY
2022-23 with stable fund balances. The Special Revenue Funds are estimated at
approximately $16.6 million and Internal Service Funds are estimated to have an
Unrestricted Excess Reserve of almost $877,200.
Staff seeks City Council acceptance of the Preliminary FY 2022-23 Budget consisting of
the General Fund, CIP, and Special Revenues, excluding the Improvement Authorities.
Any direction from the City Council based on the figures presented in this report will be
incorporated in the draft budget that Staff will present at a duly noticed public hearing to
be held by the City Council on June 7, 2022.
ALTERNATIVES:
In addition to the Staff recommendation, the following alternative action s are available for
the City Council’s consideration:
1. Provide Staff with further direction for consideration at the budget public
hearing on June 7, 2022.
2. Discuss and take other action related to this item.
27
Proposed Budget Adjustments
FY 2021-22 Savings and Unused Budget
Account Type Department Fund Account
Object Code Justification
FY 2021-22
Proposed Budget
Adjustments
Personnel
Salaries and Benefits
City Administration, Community
Development, Public Works, Recreation and
Parks, Finance
General Fund 4101 - 4105
4201 - 4207
Savings/unused budget from City-wide
vacancies, deferred recruitments.(1,738,900)$
Total - Personnel (1,738,900)$
Non-Personnel
Professional/Technical
City Administration, Community
Development, Public Works, Recreation and
Parks, Legal
General Fund 5101, 5119 Savings/unused budget from contracting
and consulting services.(493,982)
Repairs & Maintenance Public Works, Community Development,
Recreation & Parks General Fund 5201 Savings/unused budget from contracts
and delayed projects.(22,032)
Training/Conference
City Administration, Community
Development, Public Works, Recreation and
Parks
General Fund 4601, 6001, 6002 City-wide savings/unused budget from
trainings and conferences.(78,286)
Supplies and Other Misc.
Expenses
City Administration, Community
Development, Public Works, Recreation and
Parks
General Fund 4310-4901, 6201 City-wide savings/unused budget from
supplies and small equipment.(66,700)
Total - Non-Personnel (661,000)$
Transfers-Out
Transfers Transfers to CIP General Fund
CIP
101-400-0000-9330
330-300-0000-9101
Additional transfers based on year-end
estimates for TOT. 754,800
Total - Tranfers-Out 754,800$
Total Proposed Budget
Adjustments - General Fund (1,645,100)$
A-1
STATEMENT OF REVENUES - ALL FUNDS
FY 2022-23
Fund Description
Actuals
FY 2018-19
Actuals
FY 2019-20
Actuals
FY 2020-21
Estimated
Year-End
FY 2021-22
Budget
Workshop
FY 2022-23
Preliminary
Budget
FY 2022-23
General Fund 32,092,448 29,540,207 30,281,020 35,128,700 34,850,700 36,027,000
Administrative Overhead 169,356 149,507 99,507 100,000 155,700 155,700
Animal Licenses 31,365 26,734 28,803 28,800 28,900 27,400
Building & Safety Admin Fees (521) 559 (53) 1,000 - 1,000
Building & Safety Permits 1,152,758 954,408 1,050,030 1,800,000 1,500,000 1,710,000
Building & Safety SMIP 1,367 977 (362) 2,900 300 2,800
Business License Penalty 12,501 20,505 6,184 14,400 13,000 13,000
Business License Taxes 945,792 896,166 675,299 689,000 680,000 680,000
CASP Fees 7,604 5,635 5,360 4,500 4,500 4,500
Code Enforcement Citations 12,674 15,338 46,053 45,800 138,000 138,000
Donations 14,355 9,465 2,875 36,700 54,500 39,500
False Alarm 18,200 11,250 7,400 4,800 4,800 4,800
Federal Grants - - 515,258 - - -
Film Permits 2,930 20,081 2,671 37,000 30,000 28,500
Franchise Taxes 2,149,743 2,146,037 2,203,130 2,150,000 2,150,000 2,150,000
Geology Permits 128,272 124,614 152,099 235,000 150,000 223,300
Golf Taxes 429,049 394,765 632,886 600,000 540,000 540,000
Interest Earnings 366,409 358,232 186,670 160,000 192,000 192,000
Miscellaneous Revenue 455,840 186,264 145,048 250,200 157,600 251,000
Parking Lot Fees 215,341 237,209 417,037 220,000 230,000 260,000
Parking Permit Decals 988 590 594 600 600 600
Parking Permits-Oversized Veh.440 628 375 200 300 200
Plan Check Permits 393,433 335,342 307,328 530,000 445,000 503,500
Planning & Zoning Permits 401,764 330,124 362,786 485,000 445,000 460,800
Planning Investigation Fees 20,000 - - - - -
Planning Misc. Permits 7,769 7,848 8,622 8,000 8,000 7,600
Preserve Park Citation - - 200 100 - -
Program/Event Fees 91,012 51,137 17,900 123,700 219,900 139,900
Property Tax 8,236,989 8,576,363 9,072,028 9,471,100 10,008,800 10,008,800
Property Taxes - In Lieu of VLF 4,920,186 5,150,914 5,384,633 5,533,300 5,992,000 5,848,000
Property Taxes - RPTTF RDA 50,255 55,594 54,130 54,000 50,000 50,000
Property Transfer Tax 359,706 401,021 570,712 685,700 500,000 500,000
PVIC Sales Taxable 137,551 92,494 12,840 99,500 120,000 120,000
RDA Administrative Fees - - 40,000 - 24,000 -
RDA Loan Repayment 139,938 114,494 239,062 154,400 283,800 283,800
Rental/Leases 518,728 388,006 324,180 472,200 416,800 514,100
ROW - Dumpster Permits 4,606 3,626 3,038 2,200 3,000 2,400
ROW - Misc Permits 74,329 106,186 76,205 123,000 95,000 99,800
Sales Of Signs/Services 1,400 1,200 - - - -
Sales Taxes 2,575,202 2,079,675 1,829,019 2,426,900 2,500,000 2,603,500
Sales Taxes (PSAF)85,979 83,667 90,313 83,700 83,700 83,700
State Grants 1,359 - - - - -
Tow Fees 6,225 5,976 5,229 5,800 5,800 5,800
Traffic Tickets 91,460 95,301 199,353 61,800 112,000 112,000
Transfer - Measure A Maint 90,000 100,000 150,000 50,000 50,000
Transfer - Public Safety 130,000 175,000 130,000 200,000 250,000 250,000
Transfer - Water Quality 72,384 - - - - -
Transient Occ. Taxes - Misc 250,345 144,747 145,816 220,000 200,300 220,000
Transient Occ. Taxes-Terranea 5,395,152 3,765,052 2,969,619 5,530,100 5,071,400 5,530,100
Utility Users Taxes - Elec.876,304 874,220 1,042,287 990,000 875,000 940,500
Utility Users Taxes - Gas 334,373 354,920 378,656 427,100 350,000 405,700
Utility Users Taxes - Water 706,430 683,230 824,882 900,000 700,000 855,000
View Restroration Permits 5,106 5,106 15,318 10,200 11,000 9,700
Gas Tax 1,812,817 1,823,295 1,765,073 1,950,600 2,160,700
Interest Earnings 7,466 21,853 5,548 5,400 5,400
Miscellaneous Revenue 145,779 145,679 77,200 - -
State Gas Tax - SB1 837,064 737,134 773,632 862,500 949,200
State Grants 822,508 918,629 908,693 1,082,700 1,206,100
B-1
STATEMENT OF REVENUES - ALL FUNDS
FY 2022-23
Fund Description
Actuals
FY 2018-19
Actuals
FY 2019-20
Actuals
FY 2020-21
Estimated
Year-End
FY 2021-22
Budget
Workshop
FY 2022-23
Preliminary
Budget
FY 2022-23
1972 Act Landscape/Light 541 501 240 200 200
Interest Earnings 541 501 240 200 200
El Prado Lighting District 7,982 8,079 7,883 200 200
Interest Earnings 600 597 312 200 200
Property Tax 7,382 7,482 7,571 - -
1911 Act Street Lighting 731,985 958,138 782,857 806,000 808,000
Interest Earnings 37,878 24,346 12,912 13,000 13,000
Miscellaneous Revenue 208,102 - - -
Property Tax 694,107 725,690 769,945 793,000 795,000
Beautification 10,000
Interest Earnings 10,000 - - - -
Waste Reduction 263,666 268,665 250,989 189,600 194,600
Interest Earnings 8,680 7,564 3,606 4,600 4,600
State Grants 66,844 66,469 60,152 - -
Waste Reduction Fees 188,142 194,632 187,231 185,000 190,000
Air Quality Management 56,827 55,749 55,700 55,500 55,500
Interest Earnings 1,413 1,915 1,208 1,500 1,500
Local Grants 55,414 53,834 54,492 54,000 54,000
Proposition C 729,861 701,418 744,465 705,200 846,800
Interest Earnings 15,733 14,727 8,185 6,200 6,200
Local Grants 714,128 686,691 710,280 699,000 840,600
Miscellaneous Revenue - - 26,000 - -
Proposition A 1,499,830 874,799 869,939 853,200 1,023,900
Interest Earnings 38,887 46,964 13,627 10,500 10,500
Local Grants 860,943 827,835 856,312 842,700 1,013,400
Transfer - State Grants 600,000 - - - -
Public Safety Grants 150,863 158,079 157,786 158,800 151,200
Interest Earnings 2,116 2,131 1,059 1,200 1,200
State Grants 148,747 155,948 156,727 157,600 150,000
Measure R 569,889 533,060 544,634 534,300 640,400
Interest Earnings 34,139 18,778 11,186 10,000 10,000
Local Grants 535,750 514,282 533,448 524,300 630,400
Measure M 604,922 580,618 606,661 596,000 1,316,300
Interest Earnings 1,365 1,877 2,244 1,800 1,800
Local Grants 603,557 578,741 604,417 594,200 1,314,500
Habitat Restoration 44,753 43,525 30,892 12,400 12,400
Interest Earnings 44,753 40,025 30,892 - -
Miscellaneous Revenue - 3,500 - - -
State Grants - - - 12,400 12,400
Subregion One Maintenance 14,969 48,442 16,298 44,000 64,000
Interest Earnings 14,969 13,442 6,298 14,000 14,000
Transfer - General Fund - 35,000 10,000 30,000 50,000
Measure A Maintenance 88,282 94,466 153 190,200 90,200
Interest Earnings 1,648 503 153 200 200
Local Grants 86,634 93,963 190,000 90,000
Abalone Cove Sewer District 57,079 970,055 54,025 52,000 52,000
Interest Earnings 6,407 7,676 2,045 2,000 2,000
Transfer - Infrastructure - 910,000 - - -
Property Tax 50,672 52,379 51,980 50,000 50,000
Ginsburg Cultural Art Bld 1,800 1,800
Interest Earnings 1,800 1,800 - - -
Donor Restricted Contribution 75,613 23,560 23,195 49,300 43,300
Donations 59,523 9,900 16,700 24,300 18,300
Interest Earnings 16,090 13,660 6,495 25,000 25,000
CDBG 178,591 226,364 115,063 144,800 60,000
Federal Grants 178,591 226,364 115,063 144,800 60,000
B-2
STATEMENT OF REVENUES - ALL FUNDS
FY 2022-23
Fund Description
Actuals
FY 2018-19
Actuals
FY 2019-20
Actuals
FY 2020-21
Estimated
Year-End
FY 2021-22
Budget
Workshop
FY 2022-23
Preliminary
Budget
FY 2022-23
Capital Improvement Fund 7,306,458 3,078,825 1,935,958 2,753,000 4,959,700
Federal Grants 5,007 - - - -
Interest Earnings 508,963 471,473 214,382 200,000 200,000
Miscellaneous Revenue - - 757 - -
Transfer - Federal Grants 2,490,636 196,600 - - -
Transfer - General Fund 4,301,852 2,410,752 1,720,819 2,553,000 4,759,700
Federal Grants 143,442 2,000 1,104,000
Federal Grants 141,442 - - - 1,104,000
Interest Earnings 2,000 2,000 - - -
State Grants 1,709,965 1,826,179 44,850 100 100
Interest Earnings - - - 100 100
State Grants 1,709,965 1,826,179 44,850 - -
Federal Grants-ARPA 4,987,400 4,952,600
Federal Grants - - - 4,967,400 4,932,600
Interest Earnings - - - 20,000 20,000
Quimby Park Development 135,272 23,090 33,513 10,000 10,000
Developer Fees 102,000 - 23,652 - -
Interest Earnings 33,272 23,090 9,861 10,000 10,000
Low-Moderate Income Housing 124,340 118,261 148,010 31,600 31,600
Interest Earnings 2,956 3,237 1,845 1,600 1,600
Property Taxes - RPTTF RDA 34,984 28,624 59,765 30,000 30,000
RDA Loan Repayment 86,400 86,400 86,400 - -
Affordable Housing Projects 15,961 17,290 19,584 4,300 4,300
Interest Earnings 15,961 14,846 7,143 4,300 4,300
Miscellaneous Revenue - 2,444 12,441 - -
Environmental Excise Tax 48,419 122,132 6,177 19,400 22,400
Developer Fees 39,020 114,694 3,902 17,000 20,000
Interest Earnings 9,399 7,438 2,275 2,400 2,400
Bicycle/Pedestrian Access 511 28,000 110,000
Local Grants - - 511 28,000 110,000
Measure W 679,381 683,800 682,000
Interest Earnings - - - 2,000 2,000
Local Grants - - 679,381 681,800 680,000
Water Quality/Flood Protection 200,000
State Grants 200,000 - - - -
Equipment Replacement 351,159 131,736 114,965 330,400 303,800
Equipment Replacement Charges 300,900 84,600 93,600 310,400 283,800
Interest Earnings 50,259 46,686 21,365 20,000 20,000
Miscellaneous Revenue - 450 - - -
Employee Pension Service Fund 640,600 400,600
Interest Earnings - - - 600 600
Transfer - General Fund - - - 640,000 400,000
Grand Total 49,027,734 42,230,333 39,289,822 50,959,600 56,127,800
B-3
STATEMENT OF EXPENDITURES - ALL FUNDS
FY 2022-23
General Fund
Actuals
FY 2018-19
Actuals
FY 2019-20
Actuals
FY 2020-21
Estimated
Year-End
FY 2021-22
Budget
Workshop
FY 2022-23
Preliminary
Budget
FY 2022-23
Transfers Out 4,346,852 2,550,752 1,750,819 5,008,100 4,766,000 5,224,700
Transfers Out 4,346,852 2,550,752 1,750,819 5,008,100 4,766,000 5,224,700
City Council 96,252 89,739 84,681 97,500 110,700 110,700
City Council 96,252 89,739 84,681 97,500 110,700 110,700
Legal Services 1,171,414 1,133,168 886,407 934,100 950,000 950,000
Legal Services - City Admin 1,171,414 1,133,168 886,407 934,100 950,000 950,000
Public Safety 7,118,805 7,335,482 7,233,951 7,504,130 7,627,700 7,627,700
Sheriff's Contract 6,335,382 6,683,678 6,970,901 7,150,200 7,254,000 7,254,000
Special Programs 783,423 651,804 263,050 353,930 373,700 373,700
City Administration 2,914,410 3,081,690 2,721,361 2,895,236 3,523,800 3,653,100
City Clerk Administration 448,394 424,365 392,362 399,100 473,100 511,500
City Clerk Election 1,338 298,089 9,566 - 154,300 154,300
City Manager 791,758 645,233 628,592 683,500 768,400 823,000
Community Outreach 62,246 63,415 82,978 69,800 73,400 73,400
Emergency Preparedness 103,418 24,563 16,829 97,761 210,800 210,800
Human Resources 302,544 364,038 309,885 344,215 437,000 473,300
Information Technology - Data 928,885 975,570 979,005 971,760 1,055,700 1,055,700
Information Technology - Voice 96,277 103,792 117,369 120,500 131,000 131,000
RPVtv 179,550 182,625 184,775 208,600 220,100 220,100
EOC - 404,281 322,056 194,000 - -
Emergency Operation Center - 404,281 322,056 194,000 - -
Finance 1,502,164 1,634,788 1,458,001 1,345,300 1,491,500 1,491,500
Finance Administration 1,502,164 1,634,788 1,458,001 1,345,300 1,491,500 1,491,500
Public Works 5,191,137 5,714,008 4,646,168 4,925,872 6,021,200 6,471,200
Building Maintenance 453,630 448,644 477,391 504,975 528,250 528,250
Fuel Modification - 1,041,109 415,389 540,000 650,400 650,400
Parks Maintenance 585,192 726,663 618,404 759,432 847,200 847,200
Public Works Administration 2,155,312 2,092,585 1,934,346 2,071,800 2,939,700 2,939,700
Sewer Maintenance 22,550 42,278 22,830 28,000 35,000 35,000
Storm Water Quality 535,920 479,833 472,168 36,190 1,000 1,000
Street Landscape Maintenance 573,850 147,382 232,493 188,000 213,000 663,000
Traffic Safety 418,941 276,284 120,558 324,375 364,500 364,500
Trails & Open Space Maint 404,280 421,325 306,370 417,600 379,150 379,150
Vehicles Maintenance 41,462 37,905 46,219 55,500 63,000 63,000
Community Development 3,039,196 2,857,235 2,623,915 3,195,700 4,122,300 4,132,300
Animal Control 82,061 102,083 94,282 166,000 295,000 295,000
Building & Safety 826,227 678,640 598,490 651,200 866,800 866,800
Code Enforcement 184,457 222,319 208,263 263,000 272,400 272,400
Community Development Admin 670,902 584,244 528,887 678,500 813,600 823,600
Geology 107,253 111,100 144,068 150,000 150,000 150,000
Nccp 11,445 - 47,284 - - -
Planning 835,016 774,259 616,938 918,200 1,334,100 1,334,100
View Restoration 321,835 384,590 385,703 368,800 390,400 390,400
Recreation and Parks 2,687,330 2,533,171 2,650,848 3,178,100 3,663,800 3,773,800
Abalone Cove Shoreline Park 135,175 129,636 137,950 119,300 213,100 213,100
City Run Sports & Activities 3,065 3,165 400 - 11,500 11,500
Contract Classes 41,695 33,717 1,890 46,000 65,000 65,000
Eastview Park 7,354 52,684 65,572 71,800 84,400 84,400
Fred Hesse Jr. Park 187,973 180,952 174,918 150,000 213,600 213,600
Ladera Linda Community Center 86,409 67,534 74,828 131,800 58,700 58,700
Open Space Management 235,721 198,816 179,058 179,300 193,300 238,300
Other Recreational Facilities 64,465 10,251 2,569 1,800 - -
Parking Enforcement - - - 108,500 108,300 108,300
Point Vicente Inter. Center 513,420 457,537 427,698 459,700 470,500 470,500
Preserve Park Rangers - 145,827 272,887 343,700 389,300 389,300
Reach 69,328 20,789 43,008 70,900 72,000 72,000
Recreation & Parks Holding - - 686 - - -
Recreation Administration 1,026,906 964,028 990,768 1,051,900 1,261,300 1,276,300
Robert E. Ryan Park 92,391 81,168 109,586 94,600 120,200 120,200
Special Events & Programs 194,344 160,550 141,020 322,300 369,300 419,300
Support Services 29,084 21,195 23,310 21,500 28,300 28,300
Volunteer Program - 5,322 4,700 5,000 5,000 5,000
Non-Department 1,133,906 1,204,534 1,814,562 3,311,200 2,213,100 2,273,100
Non-Departmental 1,133,906 1,204,534 1,814,562 3,311,200 2,213,100 2,273,100
Total - General Fund 29,201,466 28,538,848 26,192,769 32,589,238 34,490,100 35,708,100
B-4
STATEMENT OF EXPENDITURES - ALL FUNDS
FY 2022-23
Other Funds:
Special Revenues and
Internal Service Funds
Actuals
FY 2018-19
Actuals
FY 2019-20
Actuals
FY 2020-21
Estimated
Year-End
FY 2021-22
Budget
Workshop
FY 2022-23
Preliminary
Budget
FY 2022-23
Gas Tax 830,551 1,085,396 2,599,346 1,101,500 1,700,000 2,680,100
Fuel Modification - 24,750 - - - -
Landslide 48,867 - 15,438 - - -
Street Improvements - - - - - -
Street Landscape Maintenance 508,460 634,391 735,320 615,000 - 715,100
Street Pavement Maintenance 256,454 128,232 197,753 265,000 - 265,000
Traffic Management 16,770 12,506 23,903 100,000 - -
Right-of-Way Improvements - 285,517 1,626,932 121,500 1,700,000 1,700,000
El Prado Lighting District 594 - - - - 500
Operating - - - - - -
Repair & Maintenance Services 594 - - - - 500
1911 Act Street Lighting 1,393,544 970,976 828,970 541,200 - 476,100
Administration 425,203 347,597 315,110 316,100 - 321,100
Capital - - - - - -
Parks Improvement - - - - - -
Repair & Maintenance Services 106,026 114,129 145,450 209,000 - 155,000
Street Lights Maintenance 147,888 - - - - -
Right-of-Way Improvements 714,427 509,250 368,410 16,100 - -
Beautification 378,754 - - - - -
Capital - - - - - -
Right-of-Way Improvements 378,754 - - - - -
Waste Reduction 212,991 223,785 224,461 357,600 - 254,300
Administration 150,968 131,200 155,410 187,100 - 142,800
Repair & Maintenance Services 62,023 92,585 69,051 170,500 - 111,500
Air Quality Management 50,000 - 55,839 57,000 - 140,000
Repair & Maintenance Services - - 55,839 57,000 - 140,000
Transit Programs 50,000 - - - - -
Proposition A 749,753 1,236,694 1,338,029 793,000 - 777,200
Administration 705,645 777,958 874,187 793,000 - 777,200
Street Improvements - - - - - -
Right-of-Way Improvements 44,108 458,736 463,842 - - -
Proposition C 639,011 698,806 759,078 696,800 700,000 900,000
Administration - - - - - -
Repair & Maintenance Services - - - - - -
Street Maintenance 572,312 674,953 649,820 436,700 700,000 900,000
Right-of-Way Improvements 66,699 23,853 109,258 260,100 - -
Public Safety Grants 130,000 175,000 130,000 160,000 - 250,000
Transfers 130,000 175,000 130,000 160,000 - 250,000
Measure R 2,254,152 72,167 427,417 93,700 1,400,000 1,400,000
Capital - - - - - -
Street Improvements - 3,892 157,593 29,200 - -
Traffic Management - -- - - -
Right-of-Way Improvements 2,254,152 68,275 269,824 64,500 1,400,000 1,400,000
Measure M 565,972 525,317 414,190 739,000 - 1,066,000
Repair & Maintenance Services 565,972 525,317 414,190 739,000 - 681,000
Right-of-Way Improvements - - - - - 385,000
Habitat Restoration 149,499 152,745 153,618 393,700 - 222,000
Administration 129,803 133,045 139,248 353,100 - 180,000
Repair & Maintenance Services 19,696 19,700 14,370 40,600 - 42,000
Subregion One Maintenance 43,831 42,530 42,116 41,600 - 43,600
Repair & Maintenance Services 43,831 42,530 42,116 41,600 - 43,600
Measure A Maintenance 90,000 100,000 - 150,000 - 50,000
Transfers 90,000 100,000 - 150,000 - 50,000
Abalone Cove Sewer District 49,926 138,010 94,903 142,800 - 208,800
Administration 16,358 42,380 34,678 38,800 - 108,800
Capital - - - - - -
Repair & Maintenance Services 33,568 95,630 60,225 104,000 - 100,000
Sewer Maintenance - - - - - -
Ginsburg Cultural Art Bld 86,344 1,045 - - - -
Administration 86,344 1,045 - - - -
Donor Restricted Contribution 168,942 16,770 26,608 13,500 - 14,600
Administration 23,744 9,106 20,989 5,500 - 6,600
Parks Improvement 7,659 - - - - -
Repair & Maintenance Services 7,515 7,664 5,619 8,000 8,000
B-5
STATEMENT OF EXPENDITURES - ALL FUNDS
FY 2022-23
Other Funds:
Special Revenues and
Internal Service Funds
Actuals
FY 2018-19
Actuals
FY 2019-20
Actuals
FY 2020-21
Estimated
Year-End
FY 2021-22
Budget
Workshop
FY 2022-23
Preliminary
Budget
FY 2022-23
Unassigned 130,024 - - - - -
CDBG 193,587 211,806 29,908 143,600 150,000 150,000
Administration - - 3,008 - - -
Capital - - - - - -
Right-of-Way Improvements 193,587 211,806 26,900 143,600 150,000 150,000
Capital Infrastructure Program 3,291,424 4,652,909 889,717 1,691,000 11,118,000 9,283,000
ADA Improvements 77,000 33,950 30,000 - - -
Administration - - 14,274 - - -
Altamira Canyon - - 81,151 155,100 - -
Building Improvements - - - - 590,000 590,000
Capital - - - - - -
Catch Basin - 14,992 - - - -
Civic Center 58,649 2,798 3,301 86,300 - -
Coastal Bluff 216,621 - 293,304 - - -
Facilities Asset Management - - - 82,800 - -
Landslide Improvements - - - - 535,000 565,000
Landslide Maintenance 179,114 304,026 - 72,200 - -
Parks Improvement 46,239 71,924 32,985 - - -
Pavement Program 84,687 35,213 - - - -
Repair & Maintenance Services - - - - - -
Sewer Improvements - - - - 1,060,000 1,060,000
Sewer Maintenance 6,714 34,639 6,652 - 3,300,000 3,300,000
Storm Drain 239,940 334,890 27,111 8,300 - -
Street Improvements 37,132 283,423 21,646 - - -
Street Maintenance 151,985 6,985 19,435 7,100 - -
Trail Improvements - - 50,349 12,100 - -
Transfers - - - - - -
Ladera Linda Community Park - - - 1,220,400 - -
Right-of-Way Improvements 2,193,343 3,530,069 309,509 46,700 4,643,000 3,343,000
Open Space Improvements - - - - 775,000 210,000
Traffic Signs - - - - 215,000 215,000
State Grants 708,061 277,373 49,207 116,400 - 210,000
Administration - - - 100,000 - 210,000
Capital - - - - - -
Parks Improvement 144,320 - - - - -
Storm Drain 244,265 120,832 11,621 16,400 - -
Transfers 300,000 - - - - -
Right-of-Way Improvements 19,476 156,541 37,586 - - -
Federal Grants 1,087,318 98,314 - - 105,000 105,000
Administration - 14 - - - -
Transfers 1,087,318 98,300 - - - -
Right-of-Way Improvements - - - - 105,000 105,000
Federal Grants - ARPA - - - 672,600 4,247,000 4,247,000
ADA Improvements - - - 42,800 - -
Building Improvements - - - - 350,000 350,000
Emergency Preparedness - - - - - -
Parks Improvement - - - 12,000 - -
Technology Improvements - - - - - -
Ladera Linda Community Park - - - 617,800 - -
Right-of-Way Improvements - - - - 2,512,000 2,512,000
Parks Improvements - - - - 350,000 350,000
Sewer & Storm Drain Improvements - - - - 1,035,000 1,035,000
Quimby Park Development 145,474 545,813 130,863 389,500 - -
Capital - - - - - -
Parks Improvement - - - - - -
Trail Improvements 3,470 364,464 - - - -
Ladera Linda Community Park 142,004 181,349 130,863 389,500 - -
Environmental Excise Tax - 286,881 143,635 138,000 - 64,000
Street Landscape Maintenance - 286,881 143,635 138,000 - 64,000
Bicycle/Pedestrian Access - -511 - - 110,000
Street Improvements - - - - - -
Street Maintenance - - 511 - - -
Right-of-Way Improvements - - - - - 110,000
Measure W - - 187,954 512,635 - 596,000
B-6
STATEMENT OF EXPENDITURES - ALL FUNDS
FY 2022-23
Other Funds:
Special Revenues and
Internal Service Funds
Actuals
FY 2018-19
Actuals
FY 2019-20
Actuals
FY 2020-21
Estimated
Year-End
FY 2021-22
Budget
Workshop
FY 2022-23
Preliminary
Budget
FY 2022-23
Repair & Maintenance Services - - 187,954 454,635 - 535,000
Unassigned - - - 58,000 - 61,000
Water Quality/Flood Protection 811,110 - - - - -
Administration 811,110 - - - - -
Storm Drain - - - - - -
Equipment Replacement 452,376 360,246 198,644 354,000 - 602,700
Capital 89,152 24,110 11,724 130,000 - 388,300
Operating 363,224 336,136 186,920 224,000 - 214,400
Employee Pension Fund - - - - - 242,000
Operating - - - - - 242,000
Total - Other Funds 14,483,214 11,872,583 8,725,014 9,299,135 19,420,000 24,092,900
Total - All Funds 43,684,680 40,411,431 34,917,783 41,888,373 53,910,100 59,801,000
B-7
Project CodeProject NameFundExpenses/Commitments to date FY 22-23 FY 23-24 FY 24-25 FY 25-26 FY 26-27 8200 Series Abalone Cove Santitary Sewer System Maintenance225 (Ab Cove sewer maint.)48,005$ -$ -$ -$ -$ -$ 330 (CIP)-$ 3,300,000$ 930,000$ -$ -$ -$ 333 (ARPA Federal Grant)-$ -$ -$ -$ -$ -$ 8300 Series Landslide Improvements8301Palos Verdes Drive South Realignment - East End330 (CIP)111,425$ -$ -$ 75,000$ 1,845,000$ -$ 215 (Prop. C)N/A - ongoing program900,000$ -$ -$ -$ -$ 330 (CIP)N/A - ongoing program30,000$ 975,000$ 1,000,000$ 1,040,000$ 1,060,000$ 220 (Meas. R)292,300$ -$ -$ -$ -$ -$ 330 (CIP)804,387$ 535,000$ 6,180,000$ 2,135,000$ -$ -$ 8400 Series Parks, Open Space & Recreation Facilities8404Fence Replacement Program330 (CIP)-$ -$ 250,000$ -$ -$ -$ 330 (CIP)13,111,229$ -$ -$ -$ -$ -$ 333 (ARPA Federal Grant)3,953,000$ -$ -$ -$ -$ -$ 334 (Quimby park development)1,705,855$ -$ -$ -$ -$ -$ 8420Palos Verdes Nature Preserve Signs Program330 (CIP)248,405$ -$ -$ -$ -$ -$ 8423Palos Verdes Nature Preserve Gate for the Rattlesnake Trail330 (CIP)-$ 210,000$ -$ -$ -$ -$ 330 (CIP)-$ -$ -$ -$ -$ -$ 333 (ARPA Federal Grant)-$ 350,000$ -$ -$ -$ -$ 330 (CIP)-$ -$ 350,000$ -$ -$ -$ 333 (ARPA Federal Grant)-$ -$ -$ -$ -$ -$ 8500 Series Building Improvements8503 New Civic Center Complex330 (CIP)316,034$ 340,000$ 450,000$ -$ -$ -$ 330 (CIP)-$ -$ -$ -$ -$ -$ 333 (ARPA Federal Grant)35,000$ 350,000$ -$ -$ -$ -$ 8509 Facilities Asset Management Program330 (CIP)107,311$ 250,000$ TBDTBDTBDTBD330 (CIP)-$ -$ -$ TBD-$ -$ 333 (ARPA Federal Grant)-$ -$ 90,000$ 260,000$ -$ -$ 8700 Series Sewer & Storm Drain Improvements8701 Storm Drain Asset Management Program & Master Plan Update330 (CIP)115,000$ 450,000$ TBDTBDTBDTBD8708 Altamira Canyon Improvements (Erosion)330 (CIP)365,727$ 450,000$ TBDTBDTBDTBD330 (CIP)236,243$ 160,000$ -$ -$ -$ -$ 333 (ARPA Federal Grant)-$ 1,035,000$ -$ -$ -$ -$ 87New2 Lift Station Improvements at Lower Point Vicente330 (CIP)-$ -$ 40,000$ 290,000$ -$ -$ 84Pot1 Park Monument SignsPark Playground Improvements85Pot184Pot2Restroom Improvements and New Office Space at Eastview ParkPalos Verdes Drive South Landslide Area Resurfacing Program8302City of Rancho Palos VerdesPublic Works DepartmentProposed Five Year CIP Budget for Fiscal Years 2022-23, 2023-24, 2024-25, 2025-26 and 2026-278405 Ladera Linda Community Park Project8715Stormwater Drainage Improvements- Palos Verdes Drive South at Peppertree DriveRestroom Improvements at Point Vicente Interpretive Center85088202 Abalone Cove Sanitary Sewer Rehabilitation Program8304 Portuguese Bend Landslide RemediationC-1
Project CodeProject NameFundExpenses/Commitments to date FY 22-23 FY 23-24 FY 24-25 FY 25-26 FY 26-27 City of Rancho Palos VerdesPublic Works DepartmentProposed Five Year CIP Budget for Fiscal Years 2022-23, 2023-24, 2024-25, 2025-26 and 2026-278800 Series Right-of-Way Improvements8004 Traffic Signs Replacement Program330 (CIP)N/A - ongoing program215,000$ 225,000$ 110,000$ 130,000$ 155,000$ 330 (CIP) N/A - ongoing program350,000$ -$ 500,000$ -$ 520,000$ 340 (Bicycle & Ped access) N/A - ongoing program110,000$ -$ -$ -$ -$ 202 (Gas Tax - SB1) 170,000$ -$ -$ -$ -$ -$ 330 (CIP) -$ 1,020,000$ -$ -$ -$ -$ 333 (ARPA Federal Grant)-$ 500,000$ -$ -$ -$ -$ 215 (Prop. C)200,000$ -$ -$ -$ -$ -$ 220 (Meas. R)150,000$ -$ -$ -$ -$ -$ 221 (Meas. M - Grant)-$ 385,000$ 505,000$ 3,110,000$ -$ -$ 310 (CDBG) N/A - ongoing program150,000$ 150,000$ 150,000$ 150,000$ 150,000$ 330 (CIP) N/A - ongoing program-$ -$ -$ -$ -$ 202 (Gas Tax) N/A - ongoing program-$ -$ -$ 735,000$ -$ 220 (Meas. R) N/A - ongoing program-$ -$ -$ 530,000$ -$ 330 (CIP)N/A - ongoing program-$ -$ -$ 1,805,000$ 100,000$ 202 (Gas Tax)-$ 500,000$ -$ -$ -$ -$ 202 (Gas Tax - SB1)-$ 1,200,000$ -$ -$ -$ -$ 220 (Meas. R)38,500$ 1,400,000$ -$ -$ -$ -$ 330 (CIP)-$ 1,045,000$ 100,000$ -$ -$ -$ 202 (Gas Tax)N/A - ongoing program-$ -$ 925,000$ -$ -$ 220 (Meas. R)N/A - ongoing program-$ -$ 520,000$ -$ -$ 330 (CIP)N/A - ongoing program-$ -$ 1,270,000$ 100,000$ -$ 202 (Gas Tax)N/A - ongoing program-$ 530,000$ -$ -$ -$ 220 (Meas. R)N/A - ongoing program-$ 525,000$ -$ -$ -$ 330 (CIP)N/A - ongoing program-$ 1,405,000$ 100,000$ -$ -$ 215 (Prop. C)70,394$ -$ -$ -$ -$ -$ 330 (CIP)8,200$ -$ -$ 100,000$ 1,075,000$ -$ 202 (Gas Tax)N/A - ongoing program-$ -$ -$ -$ 700,000$ 220 (Meas. R)N/A - ongoing program-$ -$ -$ -$ 530,000$ 330 (CIP)N/A - ongoing program-$ -$ -$ -$ 1,420,000$ 8837Traffic Signal at intersection of Palos Verdes Drive South and Palos Verdes Drive East330 (CIP)361,618$ -$ -$ -$ -$ -$ 330 (CIP)-$ -$ 2,100,000$ -$ -$ -$ 333 (ARPA Federal Grant)-$ 140,000$ 460,000$ -$ -$ -$ 202 (Gas Tax)-$ -$ -$ -$ -$ -$ 333 (ARPA Federal Grant)45,000$ 1,672,000$ -$ -$ -$ -$ 330 (CIP)54,749$ 143,000$ -$ -$ -$ -$ 202 (Gas Tax)198,718$ -$ -$ -$ -$ -$ 330 (CIP)-$ -$ -$ 160,000$ -$ -$ 8845 Traffic Calming - PV Nature Preserve Parking Solutions330 (CIP)75,000$ TBD-$ -$ -$ -$ Palos Verdes Drive South Intersection ImprovementsPavement Management Program- Residential Roadway Rehabilitation - Area 6Pavement Management Program - Triennial Update8815Pavement Management Program- Residential Roadway Rehabilitation - Area 58816Pavement Management Program- Residential Roadway Rehabilitation - Area 1Community Development Block Grant Americans with Disabilities Act Infrastructure Improvements88108843Pavement Management Program- Arterial Roadway Rehabilitation(Silver Spur Road - North of Hawthorne Boulevard)88368840 Western Avenue Beautification88288826Pavement Management Program- Residential Roadway Rehabilitation - Area 28819Pavement Management Program- Residential Roadway Rehabilitation - Area 988448801 Sidewalk Repair and Replacement Program8808Pavement Management Program- Arterial Roadway Rehabilitation(Crenshaw Boulevard)8809 Western Avenue Traffic Flow ImprovementsC-2
Project CodeProject NameFundExpenses/Commitments to date FY 22-23 FY 23-24 FY 24-25 FY 25-26 FY 26-27 City of Rancho Palos VerdesPublic Works DepartmentProposed Five Year CIP Budget for Fiscal Years 2022-23, 2023-24, 2024-25, 2025-26 and 2026-27220 (Meas. R)-$ -$ -$ -$ -$ -$ 330 (CIP)-$ 535,000$ 430,000$ 450,000$ 460,000$ 465,000$ 330 (CIP)-$ -$ -$ -$ -$ -$ 331 (Federal Grants)-$ 105,000$ 894,900$ -$ -$ -$ 202 (Gas Tax) 140,000$ -$ -$ -$ -$ -$ 220 (Meas. R) 315,000$ -$ -$ -$ -$ -$ 330 (CIP) -$ -$ -$ -$ -$ -$ 88LY1Pavement Management Program- Arterial Roadway Rehabilitation(Palos Verdes Drive South)330 (CIP) -$ -$ 35,000$ 585,000$ -$ -$ 220 (Meas. R) -$ -$ -$ -$ -$ -$ 330 (CIP) -$ -$ -$ 70,000$ 545,000$ -$ 88LY4Pavement Management Program- Arterial Roadway Rehabilitation(Palos Verdes Drive East)330 (CIP)-$ -$ -$ -$ 210,000$ 4,825,000$ 88New4 Arterial Roadway Beautification Program330 (CIP)-$ 100,000$ -$ -$ -$ -$ 330 (CIP)-$ -$ -$ -$ -$ -$ 333 (ARPA Federal Grant)-$ 200,000$ -$ -$ -$ -$ 88New6 Retaining Wall Repairs at 3001 Crest Road330 (CIP)-$ 100,000$ -$ -$ -$ -$ 88New7Palos Verdes Drive East Traffic Improvements(from Bronco Drive to Headland Drive)330 (CIP)-$ 50,000$ TBDTBDTBDTBD23,277,100$ 18,280,000$ 16,624,900$ 11,810,000$ 8,625,000$ 9,925,000$ Funding Summary FY 22-23 FY 23-24 FY 24-25 FY 25-26 FY 26-27 202 (Gas Tax)338,718$ 500,000$ 530,000$ 925,000$ 735,000$ 700,000$ 202 (Gas Tax - SB1)170,000$ 1,200,000$ -$ -$ -$ -$ 211 (1911 Act)-$ -$ -$ -$ -$ -$ 215 (Prop. C)270,394$ 900,000$ -$ -$ -$ -$ 220 (Meas. R)795,800$ 1,400,000$ 525,000$ 520,000$ 530,000$ 530,000$ 221 (Meas. M)-$ -$ -$ -$ -$ -$ 221 (Meas. M - Grant)-$ 385,000$ 505,000$ 3,110,000$ -$ -$ 310 (CDBG)-$ 150,000$ 150,000$ 150,000$ 150,000$ 150,000$ 330 (CIP)15,915,328$ 9,283,000$ 13,470,000$ 6,845,000$ 7,210,000$ 8,545,000$ 331 (Federal Grants)-$ 105,000$ 894,900$ -$ -$ -$ 333 (ARPA Federal Grant)4,033,000$ 4,247,000$ 550,000$ 260,000$ -$ -$ 334 (Quimby park development)1,705,855$ -$ -$ -$ -$ -$ 340 (Bicycle & Ped access)-$ 110,000$ -$ -$ -$ -$ 23,229,095$ 18,280,000$ 16,624,900$ 11,810,000$ 8,625,000$ 9,925,000$ Guardrail Improvements along Palos Verdes Drive East8846 Traffic Calming - Citywide88LY2Pavement Management Program- Arterial Roadway Rehabilitation(Indian Peak Road)8847884888New5 City Entrance Roadway Monument SignsPavement Management Program- Arterial Roadway Rehabilitation(Silver Spur Road - South of Hawthorne Boulevard)C-3
Project CodeProject NameFundExpenses/Commitments to date FY 22-23 FY 23-24 FY 24-25 FY 25-26 FY 26-27 City of Rancho Palos VerdesPublic Works DepartmentProposed Five Year CIP Budget for Fiscal Years 2022-23, 2023-24, 2024-25, 2025-26 and 2026-27Wants/Needs List (Projects not recommended for funding in Fiscal Years 2022-23 through 2026-27)8200 Series Abalone Cove Santitary Sewer System Maintenance8300 Series Landslide Improvements8400 Series Parks, Open Space & Recreation Facilities8411Lower Point Vicente Parking Lot Lighting Improvements211 (1911 Act) -$ 8418Hesse Park Parking Lot & Lighting Improvements330 (CIP) -$ 8419Hesse Park Athletic Field Improvements330 (CIP) -$ 8421Lower Point Vicente Park Improvements330 (CIP) -$ 84LY1Lower Hesse Park Improvements330 (CIP) -$ 84LY2Point Vicente Interpretive Center "Bubbles" Statue Marquee Sign330 (CIP) -$ 8500 Series Building Improvements85LY2Replacement of the Civic Center Storm Room330 (CIP) -$ 8700 Series Sewer & Storm Drain Improvements8711 Bayend Drive Catch Basin Inlets and Storm Drain Lateral 330 (CIP)-$ 8713 Upper Point Vicente Stormwater Runoff Control Project (Helipad) 330 (CIP)-$ 8714Crest Road to Crestridge Canyon Stormwater Drainage Improvements330 (CIP)-$ 8718Stormwater Drainage Improvements- 6415 Corsini Place330 (CIP) 60,000.00$ 87New1Stormwater Drainage Improvements- Hawthorne Boulevard at Hawkhurst Drive330 (CIP) -$ 8800 Series Right-of-Way Improvements8811Arterial Walls and Fences Aesthetic Improvements Program - Citywide330 (CIP) -$ -$ -$ -$ -$ -$ 202 (Gas Tax) -$ 220 (Meas. R) -$ 330 (CIP) -$ 202 (Gas Tax) -$ 220 (Meas. R) -$ 330 (CIP) -$ 202 (Gas Tax) -$ 220 (Meas. R) -$ 330 (CIP) -$ 8839Palos Verdes Drive East Path Improvements (from Bronco Drive to Sunnyside Ridge Road)330 (CIP) 99,942.00$ 8849 Walking Path Improvements Program 330 (CIP) -$ 88LY3 Palos Verdes Drive West Pedestrian Crossing330 (CIP) -$ 88LY6 Ganado Drive Parkway Area Aesthetic Improvements330 (CIP) -$ 8834Pavement Management Program- Residential Roadway Rehabiitation - Areas 3 & 48817Pavement Management Program- Residential Roadway Rehabilitation - Area 78818Pavement Management Program- Residential Roadway Rehabilitation - Area 8Estimated cost of $260,000 (accounting for inflation through Fiscal Year 2027-28)Estimated cost of $3,925,000 (accounting for inflation through Fiscal Year 2027-28)Estimated cost of $225,000 (accounting for inflation through Fiscal Year 2027-28)Estimated cost of $1,830,000 (accounting for inflation through Fiscal Year 2027-28)Estimated cost of $515,000 (accounting for inflation through Fiscal Year 2027-28)Estimated cost TBDEstimated cost of $3,535,000 (accounting for inflation through Fiscal Year 2027-28)Estimated cost of $3,030,000 (accounting for inflation through Fiscal Year 2027-28)Estimated cost of $5,195,000 (accounting for inflation through Fiscal Year 2027-28)Estimated cost of $1,750,000 (accounting for inflation through Fiscal Year 2027-28)Estimated cost of $80,000 (accounting for inflation through Fiscal Year 2027-28)N/A due to scope of work not clearly defined yetEstimated cost of $1,985,000 (accounting for inflation through Fiscal Year 2027-28)Estimated cost of $715,000 (accounting for inflation through Fiscal Year 2027-28)Estimated cost of $360,000 (accounting for inflation through Fiscal Year 2027-28)Estimated cost of $200,000 (accounting for inflation through Fiscal Year 2027-28)Estimated cost of $335,000 (accounting for inflation through Fiscal Year 2027-28)Estimated cost of $1,365,000 (accounting for inflation through Fiscal Year 2027-28)Estimated cost of $1,785,000 (accounting for inflation through Fiscal Year 2027-28)C-4