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HomeMy WebLinkAbout2012 11 21NOTICE IS HEREBY GIVEN that a Special Meeting is hereby called to be held on NOVEMBER 21, 2012 at 5:30 PM. at City Hall — 3rd Floor Conference Room 307, 14403 East Pacific Avenue, Baldwin Park, CA 91706. Said Special Meeting shall be for the purpose of conducting business in accordance with the attached Agenda. Dated: November 15, 2012 Manuel Lozano Mayor 1, Alejandra. Avila, City Clerk of the City of Baldwin Park, certify that I caused the aforementioned Notice and Call of a Special Meeting to be delivered via email (hard copy to follow) to each Member and to the San Gabriel Valley Tribune, and that I posted said notice as required by law on November 15, 2012. Alejandra Avila City Clerk CITY HALL — 3"dFloor, Conference Room 307 14403 EA S T PACIFIC AVENUE BALDWIN PARK, , • T • • 960-4011 BALDWIN P.A, K Manuel Lozano - Mayor Susan Rubio - Mayor Pro Tern Marlen Garcia - Councilmember Monica Garcia - Councilmember Ricardo Pacheco - Councilmember PLEASE TURN OFF CELL PHONES AND PAGERS WHILE MEETING IS IN PROCESS POR FAVOR DE APAGAR SUS TELEFONOS CEL ULARES Y BEEPERS DURANTE LA JUNTA PUBLIC COMMENTS COMENTARIOS DEL PUBLICO The public is encouraged to address the City Se invita al publico a dirigirse al Concilio o cualquiera Council or any of its Agencies listed on this otra de sus Agencias nombradas en esta agenda, agenda on any matter posted on the agenda or para hablar sobre cualquier asunto publicado en la on any other matter within its jurisdiction. If you agenda o cualquier tema que este bajo su jurisdiccion. wish to address the City Council or any of its Si usted desea la oportunidad de dirigirse al Concilio o Agencies, you may do so during the PUBLIC alguna de sus Agencias, podra hacerlo durante el COMMUNICATIONS period noted on the periodo de Comentarios del Pdblico (Public agenda. Each person is allowed three (3) Communications) anunciado en la agenda. A cada minutes speaking time. A Spanish- speaking persona se le permite hablar por tres (3) minutos. Hay interpreter is available for your convenience. un interprete para su conveniencia. CITY COUNCIL SPECIAL MEETING — 5:30 P.M. -• LL CALL: Council Membe Ricardo Pacheco, Mayor Pro Tern Susan Rubio an,* Mayor Manuel Lozano PUBLIC COMMUNICATIONS Three (3) minute speaking time limit Tres (3) minutos sera el limite para hablar THIS IS THE TIME SET ASIDE TO ADDRESS THE CITY COUNCIL PLEASE NOTIFY THE CITY CLERIC IF YOU REQUIRE THE SERVICES OF AN INTERPRETER No action may be taken on a matter unless it is listed on the agenda, or unless certain emergency or special circumstances exist. The legislative body or its staff may: 1) Briefly respond to statements made or questions asked by persons; or 2) Direct staff to investigate and /or schedule matters for consideration at a future meeting. [Government Code §54954.2] ESTE ES EL PER/ODO DES/GNADO PARA D/R/G/RSE AL CONCILIO FAVOR DE NOTIFICAR A LA SECRETARIA S/ REOUIERE LOS SERVIC/OS DEL /NTERPRETE No se podra tomar accidn en algun asunto a menos que sea incluido en la agenda, o a menos que exista alguna emergencia o circunstancia especial. El cuerpo legislativo y su personal podran: 1) Responder brevemente a declaraciones o preguntas hechas por personas; o 2) Dingir personal a investigar y/o fijar asuntos para tomar en consideracion en juntas proximas. [Codigo de Gobierno §54954.21 RECESS TO CLOSED SESSION 1. CONFERENCE WITH LABOR NEGOTIATOR (GC §54957.6) Agency Negotiators: Vijay Singhal, Chief Executive Officer and other representatives as designated Employee Organizations: SEIU; Clerical; Professional and Technical Employees; Police Management Employees; Confidential Employees; Confidential Management and Baldwin Park Police Officer's Association; Un- represented employees; and part -time employees 2. CONFERENCE WITH REAL PROPERTY NEGOTIATOR (GC §54956.8) Properties: 14173 Garvey Avenue, Baldwin Park, CA Agency Negotiators: Vijay Singhal & Joseph Pannone Negotiating Parties: Ray Baker, The Lamar Companies Under Negotiation: Price and terms of payment APPOINTMENT 3. PUBLIC EMPLOYEE ,. Public o, Director RECONVENE IN OPEN SESSION REPORT FROM CLOSED SESSION ADJOURNMENT CERTIFICATION 1, Alejandra Avila, City Clerk of the City of Baldwin Park hereby certify under penalty of perjury under the laws of the State of California that the foregoing agenda was posted on the City Hall bulletin board not less than 24 hours prior to the meeting on November 15, 2012. �r A Alejandra Avila City Clerk PLEASE NOTE: Copies of staff reports and supporting documentation pertaining to each item on this agenda are available for public viewing and inspection at City Hall, 2nd Floor Lobby Area or at the Los Angeles County Public Library in the City of Baldwin Park. For further information regarding agenda items, please contact the office of the City Clerk at (626) 960 -4011 Ext. 466 ore -mail rcaballero @baldwinpark.com. In compliance with the Americans with Disabilities Act, if you need special assistance to participate in this meeting, please contact the Public Works Department or Risk Management at (626) 960 -4011. Notification 48 hours prior to the meeting will enable staff to make reasonable arrangements to ensure accessibility to this meeting. (28 CFR 34.102.104 ADA TITLE 11) rile PUMA i��W1 *We im 111 1F.AURM14:10 ILK lovember 21, 201!� 7:00 P A ]!V'aldwin Park, CA 91706, • PLEASE TURN OFF CELL PHONES AND PAGERS WHILE MEETING IS IN PROCESS POR FAVOR DE APAGAR SUS TELEFONOS CELULARES Y BEEPERS DURANTE LA JUNTA PUBLIC COMMENTS The public is encouraged to address the City Council or any of its Agencies listed on this agenda on any matter posted on the agenda or on any other matter within its jurisdiction. If you wish to address the City Council or any of its Agencies, you may do so during the PUBLIC COMMUNICATIONS period noted on the agenda. Each person is allowed three (3) minutes speaking time. A Spanish speaking interpreter is available for your convenience. COMENTARIOS DEL PUBLICO Se invita al publico a dirigirse al Concilio o cualquiera otra de sus Agencias nombradas en esta agenda, para hablar sobre cualquier asunto publicado en la agenda o cualquier tema que este bajo su jurisdiccion. Si usted desea la oportunidad de dirigirse al Concilio o alguna de sus Agencias, podra hacerlo durante el periodo de Comentarios del Publico (Public Communications) anunciado en la agenda. A cada persona se le permite hablar por tres (3) minutos. Hay un interprete Para su con veniencia. ., fa C, R � CITY COUNCIL REGULAR MEETING — 7:00 PM Ricardo Council Members: Marlen Garcia, Monica Garcia, Pacheco, Mayor Pro Tern Susan Rubio Lozano ?nd Mayor Manuel A AI 1 d l ' r,1VIVOt�IIy` %OL; r'- 10 This is to announce, as required by Government Code sections 54954.3, members of the City Council are also members of the Board of Directors of the Community Development Commission, Housing Authority and Finance Authority, which are concurrently convening with the City Council this evening and each Council Member is paid an additional stipend of $75 for attending the CDC meeting, $30 for attending the Housing Authority meeting and $50 for attending the Finance Authority meeting. (NO STIPEND IS PAID IF MEETING IS CANCELLED) PUBLIC COMMUNICATIONS Three (3) minute speaking time limit Tres (3) minutos sera el limite para hablar THIS IS THE TIME SET ASIDE TO ADDRESS THE CITY COUNCIL PLEASE NOTIFY THE CITY CLERK IF YOU REQUIRE THE SERVICES OF AN INTERPRETER No action may be taken on a matter unless it is listed on the agenda, or unless certain emergency or special circumstances exist. The legislative body or its staff may: 1) Briefly respond to statements made or questions asked by persons; or 2) Direct staff to investigate and /or schedule matters for consideration at a future meeting. [Government Code §54954.2] ESTE ES EL PERIODO DESIGNADO PARA DIRIGIRSE AL CONCILIO FAVOR DE NOTIFICAR A LA SECRETARIA S1 REQUIERE LOS SERV/CIOS DEL INTERPRETE No se podra tome accidn en algbn asunto a menos que sea incluido en la agenda, o a menos que exista alguna emergencia o circunstancia especial. El cuerpo legislativo y su personal podran: 1) Responder brevemente a declaracidnes o preguntas hechas por personas; o 2) Dirigir personal a investigar y/o fijar asuntos para tomar en consideracion en juntas proximas. [Codigo de Gobierno §54954.21 City Council Agenda — November 21, 2012 Page 2 CONSENT CALENDAR All items listed are considered to be routine business by the City Council and will be approved with one motion. There will be no separate discussion of these items unless a City Councilmember so requests, in which case, the item will be removed from the general order of business and considered in its normal sequence on the agenda. 1. WARRANTS AND DEMANDS Staff recommends that the City Council ratify the attached Warrants and Demands. 2. TREASURER'S REPORT: SEPTEMBER AND OCTOBER 2012 Staff recommends that the City Council receive and file the September and October 2012 Treasurer's Report. -•- • • S. ANALYSIS OF PUBLIC SAFETY TeX OPTIONS. Staff recommends that the City Council provide direction regarding the timing, type and amount of the proposed Public Safety Tax. CITY COUNCIL / CITY CLERK / CITY TREASURER / STAFF REQUESTS & COMMUNICATIONS Request by Councilmember Ricardo Pacheco for discussion and direction to staff on the following: • Resolution in Support of the Trust Act. Request by Councilmember Monica Garcia for discussion & direction to staff on the following: • In an effort to keep residents informed of City Council Budgetary challenges and decisions, specifically related to public safety, create an e -mail list of residents who prefer to receive information via e -mail. Create a portal that residents can access on the City's website. • Plan for next job fair that is inclusive to all residents and targets veterans. • Meet with City of El Monte officials and understand the partnership between public, private, and non - profit entities which will result in a 40 unit housing development for Veterans. Explore opportunities to create housing for Veterans in Baldwin Park. Request by Mayor Manuel Lozano for discussion & direction to staff on the following: • Send the Baldwin Park NOW newsletter more frequently to homes to keep the residents informed about city's fiscal issues and the Sheriff's phase II Study and Process. City Council Agenda — November 21, 2012 Page 3 I, Alejandra Avila, City Clerk of the City of Baldwin Park hereby certify under penalty of perjury under the laws of the State of California, that the foregoing agenda was posted on the City Hall bulletin board not less than 72 hours prior to the meeting. Dated this 15th day of November 2012. ' Alejandra Avila City Clerk PLEASE NOTE: Copies of staff reports and supporting documentation pertaining to each item on this agenda are available for public viewing and inspection at City Hall, 2nd Floor Lobby Area or at the Los Angeles County Public Library in the City of Baldwin Park. For further information regarding agenda items, please contact the office of the City Clerk at (626) 960 -4011, Ext. 466 or via e -mail at rcaballero @baldwinpark.com. In compliance with the Americans with Disabilities Act, if you need special assistance to participate in this meeting, please contact the Public Works Department or Risk Management at (626) 960 -4011. Notification 48 hours prior to the meeting will enable staff to make reasonable arrangements to ensure accessibility to this meeting. (28 CFR 34.102.104 ADA TITLE II) City Council Agenda — November 21, 2012 Page 4 tt BAIDWIN n.e,V-k' TO: Honorable Mayor and Members of the FROM: Ir Lorena Quijano, Finance Directo DATE: November 21, 2012 BuBJECT: Warrants and Demands ncil ITEM NO. The purpose of this report is for the City Council to ratify the payment of Warrants and Demands against the City of Baldwin Park. The attached Claims and Demands report format meets the required information in accordance with the Government Code. Staff reviews requests for expenditures for budgetary approval and for authorization from the department head or its designee. The report provides information on payments released since the previous City Council meeting; the following is a summary of the payments released: 1. The payroll of the City of Baldwin Park consisting of check numbers 195084 — 195108. Additionally, Automatic Clearing House (ACH) Payroll deposits were made on behalf of City Employees from control numbers 225193 — 225470 for the period of October 14, 2012 through October 27, 2012 inclusive; these are presented and hereby ratified, in the amount of $452,712.72. 2. General Warrants, including check numbers 193054 to193215 inclusive, in the total amount of $521,117.43 constituting claims and demands against the City of Baldwin Park, are herewith presented to the City Council as required by law, and the same hereby ratified. 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BACKGROUND /DISCUSSION The Treasurer's Report lists all cash for the City (which includes the Baldwin Park Financing Authority), the Housing Authority, and the Successor Agency to the Community Development Commission (CDC). The CDC was eliminated effective February 1, 2012 and the City is now the Successor Agency; a new bank account is used in order to track its transactions separately. Any amounts reflected for the CDC are amounts set aside for outstanding checks that had not cleared as of the elimination date. The report separates cash into the following three sections: • State of California Local Agency Investment Fund (LAIF) — this is where the majority of the cash is held. City cash, which accounts for the largest portion includes monies from the General Fund and all other restricted funds known as Special Funds. Money is kept in LAIF until it needs to be transferred to cover warrants (payments to vendors, contractors, etc.,), payroll, or to pay the various bond payments. • Fiscal Agent Funds - these amounts represent monies held by the various bond holders that are restricted and which have been set aside for future bond payments. • Cash- this section provides the cash balances in the various checking accounts the City uses to pay its on- going payments. The cash balances fluctuate during the year due to the timing of large payments, such as interest and principal for bonds, and due to when the City receives its major sources of revenues (such as sales tax and property tax) in December, January and May of each year. Treasurer's Report: September and October 2012 Page 2 None I V *0101 M I M 11:01 kil 1971-111 Staff recommends that the City Council receive and file the September and October 2012 Treasurer's Report. F-111 a IFM M I ►TJ IXLI 1 September and October 2012 Treasurer's Report CITY OF BALDWIN PARK TREASURER'S REPORT September 30, 2012 ESTIMATE INVESTMENT INTEREST PURCHASE MATURITY PAR CURRENT BOOK MARKET DESCRIPTION RATE DATE DATE VALUE PRINCIPAL VALUE VALUE State of California Local 29,908,319.07 29,908,319.07 29,908,319.07 Agency Investment Fund Varies 167,320.08 167,320.08 City 0.35% Varies Housing Authority 0.35% Varies Fiscal Agent Funds - City Varies Varies Fiscal Agent Funds - Success< Varies Varies Varies 29,908,319.07 29,908,319.07 29,908,319.07 29,908,319.07 Varies 167,320.08 167,320.08 167,320.08 167,320.08 30,075,639.15 30,075,639.15 30,075,639.15 30,075,639.15 Varies 2,279,379.96 2,279,379.96 2,279,379.96 2,279,379.96 Varies 2,621,270.27 2,621,270.27 2,621,270.27 2,621,270.27 $ 34,976,289.38 $ 34,976,289.38 4,900,650.23 $ 34,976,289.38 Total Investments $ 34,976,289.38 Cash City Checking 1,873,161.57 City Miscellaneous Cash 65,779.30 Comm. Develop. Comm.- 6,397.92 Successor Agency 805,084.40 Housing Authority 278,729.41 Financing Authority 0.00 Total Cash 3,029,152.60 Total Cash and Investments $ 38,005,441.98 Schedule of Cash and Investments includes all financial assets as included in the Comprehensive Annual Financial Report. There was no investment maturity /purchase transaction made for the month of September 2012 and several deposits /withdrawals were made with the Local Agency Investment Fund. In compliance with the California Government Code Section 53646 at seq., I hereby certify that sufficient investment liquidity and anticipated revenues are available to meet the City's expenditure requirements for the next six months that all investments are in compliance to the City's Statement of Investment Policy. Approved by: y I L tna Quijano Fi ance Director CITY OF BALDWIN PARK TREASURER'S REPORT October 31, 2012 ESTIMATED INVESTMENT INTEREST PURCHASE MATURITY PAR CURRENT BOOK MARKET DESCRIPTION RATE DATE DATE VALUE PRINCIPAL VALUE VALUE State of California Local 27,187,383.95 27,187,383.95 27,187,383.95 Agency Investment Fund Varies 142,740.40 142,740.40 City 0.34% Varies Housing Authority 0.34 % Varies Fiscal Agent Funds - City Varies Varies Fiscal Agent Funds - Successc Varies Varies Varies 27,187,383.95 27,187,383.95 27,187,383.95 27,187,383.95 Varies 142,740.40 142,740.40 142,740.40 142,740.40 27,330,124.35 27,330,124.35 27,330,124.35 27,330,124.35 Varies 2,279,393.07 2,279,393.07 2,279,393.07 2,279,393.07 Varies 2,621,270.27 2,621,270.27 2,621,270.27 2,621,270.27 $ 32,230,787.69 $ 32,230,787.69 4,900,663.34 $ 32,230,787.69 Total investments $ 32,230,787.69 Cash City Checking 1,183,748.97 City Miscellaneous Cash 486,145.49 Comm. Develop. Comm. 6,397.92 Successor Agency 822,479.60 Housing Authority 109,321.01 Financing Authority 0.00 Total Cash 2,608,092.99 Total Cash and Investments $ 34,838,880.68 Schedule of Cash and Investments includes all financial assets as included in the Comprehensive Annual Financial Report. There was no investment maturity /purchase transaction made for the month of October 2012 and several deposits /withdrawals were made with the Local Agency Investment Fund. In compliance with the California Government Code Section 53646 et seq., I hereby certify that sufficient investment liquidity and anticipated revenues are available to meet the City's expenditure requirements for the next six months that all investments are in compliance to the City's Statement of Investment Policy. Appro ed y: Ad Lore no Fina a Director P , A , R , K FROM: Vijay Sing al, Ch4ef Executive Office r/Executive Lorena Quijano, Finance Director DATE: November 1 • r � UPOLIM9 The purpose of this report is to present the City Council with various options for a potential Public Safety Tax. BACKGROUND/DISCUSSION At the October 3 and the November 7, 2012 meeting, the City Council moved to continue the "Analysis of Public Safety Tax Options" Agenda item. Attached is the report previously submitted for City Council consideration; please refer to the attached report for details and recommendation. October 3, 2012 "Analysis of Public Safety Tax Options" Report FOR, BALDWIN CITY OF BALDWIN PARK STAFF REPORT P- A, R- K ------------- The purpose of this report is to present the City Council with various options for a potential Public Safety Tax. BACKGROUND/DISCUSSION At the July 2, 2012, Special Budget Study Session, the City Council directed staff to explore the options for a potential Public Safety Tax. At the meeting, staff made a presentation of the City's long-term fiscal outlook. As discussed at the meeting, the results of the recession, the decline in revenues and significant increase in retirement and other costs, requires the City achieve new revenues and/or cost reductions to attain long-term fiscal sustainability- Compared to most other cities, the City of Baldwin Park is at a financial disadvantage because it has a much smaller tax base. Many of the cities with population of less than 50,000 have General Fund revenues and budgets much larger than ours. Because the City's tax base is much smaller the per capital tax revenues are significantly lower than other cities. Even prior to the recession, the City had reduced staffing through attrition and cut costs to maintain key services, balance its budgets, build reserves and strengthen its fiscal condition. Those efforts allowed the City to weather the recession without major impacts, however, during the past two years several factors beyond the City's control, such as loss of revenues, increase in retirement costs and loss of Redevelopment, have caused major concerns regarding the City's long-term fiscal sustainability. In Fiscal Year (FY) 2011/2012, the City had to utilize its reserves to balance its budget. For fiscal year 201212013, again the City will use reserves, further reducing the available reserve balances. Additionally, the liability for retiree medical keeps growing at an alarming pace due to the City's inability to fully fund its obligation. While the City has Public Safety Tax Options October 3.2O12 Page 2 used short-term measures to avoid major impacts on servines, including public safety, the City must now take action to reverse its fiscal decline. As the C|h/ Council selects the best option, the choice would need to focus on the City as mvvhO|e rather than one aspect oroperation such as public safety. Public Safety is very important and, ƒherefore, so far, the focus has been on preserving and maintaining public safetv, by cutting pn]grSrnS and Staff in other areas. Since there were expectations and hope the economy would iDlpnJv� at fea[�rp@cG, the City relied on short-term Dl88Sur8s such as not charging enough Public Works costs to the General Fund and not fully a||0cetiOO or paying costa such as future retiree medical. Hovvever, those short-term measures 8rn ||k8|y to prVvo more ooat/y and detrimental to the interests of 'the Citv, as well as the interest of employees and retirees. In some departments, the staffing |8vSiS are so low they do not provide 8aUot8|n8b|e structure for the near or long-term. The City Council has already expressed concerns about services inseveral areas; hovvever, to address those concerns staffing must be increased. With no funding to even pay for all current costs and obligations, hiring new employees is not an option. Even if Public Safety Tax Measure is proposed and approved, the City would need to identify additional funding to restore programs and staffing to more sustainable levels. TO deal with the long-term fiscal cha||8ngaa, the staff idenUfied and presented several u options on the July 2 nto City Council. Based on the options. the City Council approved the following: • Further reductions and/or elimination of numerous programs • Authorized further reductions in staffing through lay-offs • Authorized staff to request a proposal from the Lou Angeles County Sheriffs Department (Sheriff) • Asked staff to explore options for o Public Safety Tax The following addresses the Sheriffs proposal and the Public Safety Tax Sheriff's Contract Proposal The City has received o Phase | Study from the Sheriff, which identifies significant cost savings and improved patrol hours as discussed in another report on this agenda. If the City chooses to proceed with the Sheriffs contract, then the need for a tax vvoU|d be eliminated; additionally, the annual savings could be used to restore/enhance City programs, implement new pPDg[8[nS. or at the discretion of the City Council, could be used to offset some of the other City taxes or costs the residents currently pay. Public Safety Tax Options October 3'2O1z K the City chooses not to pursue the contract, then additional funding has to be generated through a voter approved tax to provide police services. The following table shows the service hours and cost of the Sheriff and the Police Service Comparison Service City of Baldwin Pa k Los Angeles County She Field Deployment 30 Sworn Officers 43 Sworn Officers (24 hour perir)d' (fluctuates based on officer (constant, not impacted by leaves' officer leaves) Annual Service Hours 55,141 77,421 Traffic Enforcement 3 Motorcycle Units 4 Motorcycle Units Helicopter Support 4 hours/day; 7 days/week Emergency Services as needed (unless helicopter is down 24 hours a day regional patrol K-9 Unit 3 Units ( 2 patrol, 1 SIU) 11 Units available as needed Pride Platoon 5 officers (grant funded) VIDA services Detective Bureau — 15 Detectives total 6 Detectives will investigate General Investigations 1 Sergeant, 7 Detectives local crimes and crimes against Slu 1 Sergeant, 3 Detectives persons - Sheriffs LAIMPACT Department's centralized Southwest Borders I Detective Detective Division investigates HIDTA 1 Detective certain specific crimes, 1 Detective homicide, fraud, narcotics and COPS Unit 2 Not Available 1 Sergeant and 6 Officers Worker Special Problems Unit GAP - 2 Detectives 1 Sergeant, I Detective and 4 Deputies Special Services Not Available 2 Detectives Special Event Coverage Overtime Standard hourly rate of $64.00 (as needed basis) The proposal provides for complete law enforcement coverage at a rate of $11,615,989. The coverage includes a 40% increase in sworn patrol hours. Public Safety Tax Options October 3, 2012 Paae 4 The following is a comparison of the costs between the City and Sheriff proposal: POLICE COSTS VS. LOS ANGELES COUNTY SHERIFF PROPOSAL Adjustments: Reserve for Unfilled Vacancies FY 201212013 Unfunded Retiree Medical Costs PROPOSED BUDGET POLICE BUDGET (PROPOSED) ONGOING OPERAT70NS Fund # Description 100 GENERAL FUND 16,906,670 205 FEDERAL ASSET FORFEITURE 739,250 206 STATE ASSET FORFEITURE 10,000 207 LOCAL LAW ENFORCE BLOCK GRANT 2,400 220 C.D.B.G. 32,1000 270 GRANTS FUND 670,350 Parking Enforcement Unit 18,360,670 Adjustments: Reserve for Unfilled Vacancies 625,480 Unfunded Retiree Medical Costs 465,610 Total Cost of Police Department at 100% 19,452,760 LOS ANGELES COUNTY SHERIFF PROPOSAL 11,615,989 On-going costs after proposal: Pension Obligation Bond (Expire's 2018) 1,595,010 1,595,010 PERS Cost inactive Pool (Estimate) 520,000 520,000 Special Events Overtime 10,000 Anima l Control 292,000 Crossing Guard 190,000 Parking Enforcement Unit 126,000 ReclFlex Cameras 375,000 993,000 Loss of Police Revenues: Police Charges Police Overtime Reimbursement Witness Fees Cost Recovery Jail Fees Revenue Booking Fees LA Impact Loss of Possible Grants (or Increase in Costs {represents 50Yo of Grant Fund Budget}) Other Savings: Maintenance, Utilities, Janitoral, Legal and Other Overhead Costs (Finance, Personnel and Fleet) ADJUSTED LOS ANGELES COUNTY PROPOSAL 40,000 20,000 1,100 5,000 50,000 25,000 16,500 335,175 4-92,775 (460,000) (460,000) 14,7-56,774 DIFERENCE BETWEEN PROPOSAL AND ADJUSTED POLICE BUDGET 4,695,986 Public Safety Tax Options October 3'2O12 As noted above based on current estimates, after the various cost adjustments, there is a potential savings of more than $4.5 Million in the first year, based on the proposal submitted by the Sheriff. As discussed in detail in the other staff report included in this same agenda, it is important to note [hose cost savings are estimates and may change upon o more comprehensive review Of programs and costs. Public SafetV Tax At the meeting on July 2, 2012. the Council expressed a desire to pursue a Public Safety Tax. The following provides information pertaining toseveral ootVDn fora tax 1. When can the Measure be placed before 'the voters? 2. What is the difference between a General and Special tax? 3. What kind Of tax measures can b8 placed and what are their impacts? 4. What are the pros and cons of various tax measures? 5. What is the Timeline for Placing a Ballot Measure? O. What iS the cost Ofa Special Election? 7. Will the tax have 8 term (Evergreen nrSUnoet\? 8. Will the tax beata set rate or increase based on CPI or economic growth? 8. How much Tax iSneeded? 1. When can the Measure be placed before the voters? Since the proposed tax vvouk] be to fund a specific purpose, it would be considered a special tax and the measure could be placed either on a Gomaro| Election or at Special Election on one of the following dates in2O13: • March 5,2013 (Special Election) • June 4'2D13 (Special Election) • November 5.2O13 (General Election) 2. What is the difference between a General and Special tax? General Tax A general tax requires approval by a simple majority of those voting on the measure. Money generated by general tax can beused for any City operations, asdetennimed by the Council. Special Tax A special tax requires approval by a two-thirds majority of those voting on the Money generated from o special tax Can only be used for the purpose the special tux Public safety Tax Options October 3, 2012 Page 6 was approved. For example, money generated from a Public Safety Tax can only be used for public safety purposes and cannot be used for streets, parks or other purposes. 3. What kind of Tax Measures can be placed and what are their impacts? The City may place the following tax measures on the ballot: • Increase in Utility Users Tax (UUT) ® Increase in Sales Tax ® Parcel Tax (new for City) Utilitv Users Tax (UUT The City currently has a 3% UUT, which generates approximately $2.2 Million annually. The UUT is paid by residents and businesses in the City and is based on their utility bills (Electricity, Gas, Water, Telephone, excluding cell phones). The City may seek an increase from 3% to 5% or 3% to 6% or higher. Sales Tax Sales tax is a tax that is imposed on purchase of goods with some exceptions. The sales tax rates vary by region. None of the sales taxes paid in Baldwin Park are imposed by the City. The current rate paid by those shopping in Baldwin Park is 8.75 cents per dollar (8.75%) and following is the breakdown of how those taxes are distributed: State 6.25 cents per dollar LA County Transportation 1.0 cent per dollar Measure R 0.5 cents per dollar City of Baldwin Park 1.0 cent per dollar Total 8.75 cents per dollar The State already has a proposition on the November 6th election to increase the tax by $0.25 cents per dollar, and if approved, then the State portion would increase to 6.50 cents per dollar and the total will increase to 9.0 cents per dollar. For every dollar spent on taxable sales, the buyer has to spend 8.75 cents on sales tax, or 9 cents if the State measure is approved in November. The City may seek voter approval to increase the City portion from 1 cent to 1.50 or 2 cents per dollar. The cities of Avalon, El Monte, Inglewood, Santa Monica and South El Monte have voter approved additional 5 cents sales taxes per dollar and the cities of Pico Rivera and South Gate have an additional voter approved tax of 1.0 cent sales taxes per dollar. Public Safety Tax Options October J.2O12 PaqeT An inonaeao in sales tax will apply to all taxable goods Sod within the City of Baldwin Park. So, if the Baldwin Park voters were to approve a 50 Cent increase in sales tax per dollar, then anyone shopping in Baldwin Park atVVo|-K8art. Target Vrany other store would have to pay $0.50 for every $100 of purchases. Please also not* the application of a Baldwin Park special sales tax is treated differently by State law for automobile purchases than other taxable purchases. The Baldwin Park sales tax increase would Sd|| apply to City residents irrespective of where they buy the automobile because sales tax on automobiles is not based on the location of purchase but on the place of registration (generally residence). For exGrnp|o, if a Baldwin Park resident purchases o oar from a dealership in West Covina where there is no extra Sales Tax, they would a[i|| pay the |nonaened Baldwin Park sales tax. Parcel Tax A parcel tax will be levied on all parcels in the City regardless of size. A parcel tax would result iD8 tax nn every parcel irrespective of the location, size oruse of the parcel. For example, a residential parcel of 5,000 Sq ft. will pay the same tax GS a comnO8rdo| parcel of 10 acres. While there may be ways to have @w3|ghtSd parcel t8x, in the opinion of the legal oounaa|, due to Government Code section 53978. that vvOu|d be hard to justify for 8 public safety tax. The City has approximately 15.100 parcels on which the tax would be levied. The following table shows the amount of new revenue that will be generated by the various types of tax measures. Tax Type Proposed Increase New Revenue Utility Users Tax Increase from 3% to 5% $1,400,000 UtilitV Users Tax Sales Tax Increase from 3% to 6% V2cent $2,100,000 $2,500,000 Sales Tax Parcel Tax 1 cent $150 per parcel $5,000,000 $2,300,000 Parcel Tax $300 per parcel $4,600,000 4. What are the Pros and Cons of various Tax Measures? Any tax measure ineburden on the consumers and residents; therefore, they require voter approval. The hd|ovvng is a brief discussion of the pros and C0DS of each tax UtilitV Users Tax A Utility Users Tax is imposed based OD the cost of utility Usage and is paid only by local businesses and residents. There is no choice or option and everyone pays based Public Safety Tax Options October 3'2O12 Page 8 on their ub|hx bills. /\ Utility Users Tax would increase as the uU|hx rates go up. Sales Tax It is often 8rgUed, because of the nature of the tax, that a Sales Tax nookea local businesses uncompetitive. It is also argued it gives shoppers on incentive to go to other communities, especially formore expensive items. Hovvevor, the one area vvhen: there is no choice is in purchase of automobiles, as nn8nUOn8d above. Every Be|dvvin Park resident would have to pay the increased tax no matter where they purchase the vehicles. Sales tax also increases as the prices go up. Sales tax increases also apply to fuel sales and as fuel prices goup, the sales taxes a|so increase. Parcel Tax A parcel tax applies to each parcel in the City and impacts businesses urshoppers only tuthe extent property owners are able tu pass that tax along. The tax would bna fixed annount, unless o CPI growth factor is included and approved by the voters. 5. What is the Timelline for Placing a Ballot Measure? If the City Council chooses to place the measure at the March 5. 2013 e|eotion, then all resolutions needed for the election must be approved by December 7, 2012. The deadline for the June 4.2O13. election ia March 5,2O19. In addition. the City Council by m unanimous vote, must declare a fiscal emergency only /fa general tax will be placed on the ballot at u special election and not a general election; that declaration is not required if the ballot measure is fora special tax. 6. What is the Cost of the Special Election? The cost of a special election is estimated to be approximately $60,000 to $75,000. That cost does not include costs of outreach or informational materials. If the City Council approves placing a ballot for voter approval, no taxpayer funds can be spent to support or oppose that measure. However, the City may send factual and educational information to the voters. 7. Will the tax have a term (Evergreen or Sunset)? Another question the City Council needs to determine is if the tax would have a sunset clause. It appears voters prefer a tax for a limited period such as five or seven years. However, if the financial position does not improve enough to generate additional revenues to replace the tax, then the City would need to seek an extension to that tax, which creates uncertainty. Based on the projections, it appears the City would not be iDa position t0 afford the tax to lapse in seven to ten years. Public Safety Tax Options October 3, 2012 Paae 9 8. Will the tax be at a set rate or increase based on CPI or economic growth? Costs increase over the years for various reasons_ Some taxes are fixed, some grow based on the CPI (Consumer Price Index) if approved as part of the tax; and others such as sales tax and utility taxes grow as business or costs grow. 9. How much Tax is needed? Besides determining what kind of tax should be sought and its term, another equally important question is how much tax is needed? In order to estimate the City's need in the future, it is important to look at the future financial outlook of the General Fund for the next few _years. The following table provides a 10 -year financial outlook for the General Fund. Based on the forecast, the City must raise from $3 to $5 Million in order fully fund public safety operations and retiree health obligations. General Fund and Police Department CostTrend and Projections Proposed Police Budget _(A) 16,906,570 17523;735 18;160,921 18; 822;908 19515;863 20,229,019 19,014;097 191716,522 20,445;919 21,203;345 21;989;599 Items not included in Police General Fund Budget Asset seizure Expenses 739,250 768;820 799,573 831,556 864;818 899,411 935,387 972;573 1;015;715 1,052;183 1,094,271 Unbudgeted Sworn Vacancies 625,480 651,539 677,601 704,705 732;893 752,209 792,697 824;405 857;381 891,676 927;343 Additional Workers Compensation 0 127;940 133,058 138;380 143;915 149,672 155,659 161,885 168,360 175,095 182,099 Unfunded Retiree Medicaltosts•PD 465;610 484;24 503,604 523748 544,698 566;436 589;145 612,711 637;219 662;708 689;217 Total Other Police Costs (B) 1,831,340 2,032,534 21113;835 2,198,388 2,286,324 2,377,777 2,472888 2571,803 2,674;676 2,781,663 2,892,929 Revised Police General Fund Budget AFTER Police Costs Adjustments A)+(B) 18,738;010 19,556,269 20,274,756 21,021,296 21,802,' 187 22,606,796 21,486,985 22,2 88,325 23,120,595 23,985;008 24,882;828 Proposed Police Budget- General Fund 16,!06,570 17,523;735 18,160;921 15,622908 19,515,863 20,229,019 19,014,097 19,716;522 20,445,919 21,203,345 21,989,899 Increase in General Fund Police Budget AFTER Adjustments ?Ss} .�a_ fiF Anticipated GweratFund Deficit (Basedon Revenue and Expense Forecast -After 7 -2 -12 City CounchRecommendodons) J,r; -.. �:4 _ 42;958 tJrfundeo Retiree Medical COtsGtnerDepts 87 57,5 a�;:4' 2;,,e aj Future additional amount to pfiet art- going Annual Defidt - after additional Police Costs & Funding of Retiree Healtf ; 'n" _,7 ' , sx3l; ,4 8: >,R7 , S, ,.3 As shown in the table above, the need ranges from $3 Million to $5.4 Million during the course of the 10 year period. Even if the revenues grow at a faster pace and costs grow at a slower pace than estimated the need would still be in the $3-4 Million range. Public Safety Tax Options October 3, 2012 Page 10 The forecast assumes the following: • implementing the City Council's recommended program and personnel reductions; the full amount of savings from reductions would occur in fiscal year 2013 -2014. • Funding for 77 sworn and 23 non -sworn positions in the Police Department • Expenditure growth of 1% for capital and 2%0 for contractual and maintenance costs, and 4% in personnel costs. • A decrease of $1.8 Million in police expenditures in fiscal year 2019 resulting from the payment of the Pension Obligatlor pp Sor �d. • Revenue growth between 1 % to 3 %. • Revenue increase of $200,000 in fiscal year 2017 and another $225,000 in 2018 to account for additional hotel taxes expected. Since those are only estimates, those projections could change if the revenue growth is higher or lower than anticipated. There are several revenues that do not grow as much and fluctuate based on the service needs. The City is also built out, with not many development opportunities and does not have businesses such as auto dealerships that generate huge taxes. It is anticipated the cost increases would outpace the revenue increases. However, the forecast does not include numerous factors that could change the City's need for money in the future; these factors are discussed below: State Policy /Legislation Changes. In the past, the State has approved legislation that has adversely impacted the financial interests of cities. Some areas of impact could include changes impacting Redflex camera operations, changes regarding citation revenues, changes regarding COPS funding and changes regarding benefits for sworn personnel. Change in City Policies A few years ago, the City changed its policy regarding vehicle impounds. That change resulted in a reduction of impound revenues of over $500,000. If the City Council or the Legislature implemented any changes that result in lower revenues, then the need for additional revenues could be higher. Increase in CaIPERS Rates.Over the past few years, CaIPERS rates have increased significantly. Thus, between 2011 and 2012 the City's CaIPERS costs increased by $800,000. Earlier this year CaIPERS reduced its discount rate and it is expected it may reduce it further, especially since for fiscal year 2011/2012 CaIPERS investments only earned 1 %. All those factors would eventually result in an increase in CalPERS rates; CaIPERS is currently working on the actuarial valuations which are due in November, more information on potential increases will be known at that time. Public Safety Tax Options October 3, 2012 Pace 11 Retiree Medical Costs Retiree medical costs have been increasing at a significant rate annually and could grow at a higher rate than projected. No Restoration of Staffing and Programs Already Reduced. During the past few years, the City has reduced staffing in the non -sworn departments significantly. The staffing for the next year is projected to be approximately 50% less than 2005 /2006. In several departments the staff levels are so low the current structure cannot be sustained either in the near future or the long -term and is likely to cause significant impacts on the City's operations, services and well- being. Additionally, the City has cut several programs, which will not be restored. if the City wants to fully fund 77 sworn and 23 non sworn positions and also be able to meet all its obligations for the Police Department and provide nominal amounts for cost increases, then a reasonable amount of annual tax revenues needed is approximately $4 -5 Million. The following table shows the options for a $4 Million to $5 Million tax revenues: Tax Type Proposed Increase New Revenue Utility Users Tax Increase from 3% to 9% $4,000,000 Sales Tax 3/4 cent $3,750,000 - $4,000,000 Parcel Tax $250 per parcel $3,800,000 Sales Tax 1 cent $5,000,000- $5,500,000 Parcel Tax $300 per parcel $4,600,000 The City may use a smaller increase combined with reductions, such as reducing the sworn positions from 77 to 70 (annual savings of $950,000), requiring the employees to contribute to CalPERS, no COLA increases during the first 3 to 4 years, continue to use some reserves each year and/or continue to rely of Asset Seizure moneys. It is also important to note, as discussed earlier, a Public Safety Tax will not solve the needs in other areas, such as in areas where the City has already reduced staffing. The table does not include the cost of restoring any programs and staffing reduced in non - police departments. The City would need to identify funding to restore some programs and staffing in certain departments because the current structure is not sustainable in the long -run. Public Safety Tax Options October 3, 2012 Page 12 Tax versus Sheriff Proposal The following table shows the 10 -year projections if the City decides to contract with the Sheriff for police services AND various grants continue to be received by the City at the current amount budgeted, with a 2% increase per year (the Sheriff Budget assumes a 50% loss of these Grant revenues). These Funds would be available to assist with the cost of the Sheriffs contract and thus would increase the bottom line as reflected below: General Fund and Police Department Cost Trend and Projections Based on Sheriff Proposal Adjusters Sheriff Budget Anticipated General fund Deficit (Based on Revenue and Expense Forecast After 72 -12 City Couna7 Recommendations) Munded Retiree Medical Costs - Other Depts Futureadditlonal amount required to *at going Annual Deficit— after additional Police Costs & P,rndina of Retiree Health Additional amount available from Grant Funding ( FY13 Grants Budgeted) 1;690,650 2,707,795 1,373,517 5,082;776 942;812 816,927 2,402,224 2;076,128 2,729,050 2,359,973 967,839 1,042,770 1,034,000= 672,770 352,999 184;884 28;672 1,582,449 1,223,562 842,381 437,838 X819 114,750 729,045 743,616 758,498 773;668 789,142 804,925 821,023 837,444 854;192 811,275 Adjusted anount(,rquired) avdiable after adjustingfor possible Giants mailable 1,757,520 1,763,045 1,416,996 1,111,497 958,553' 817,813 2,387,374 2,044,586 1,679,875- 1,29ZO30 880,E * Note: Positive amounts add to the current Reserves while iegative amounts reduce current Reserves. As shown in the table above, the City would not need a tax under this scenario and could have additional moneys available to restore programs and staffing; the first year savings could be used for any start cost costs to transition to the Sheriff. Upon receiving directions from the City Council, staff will bring necessary resolutions for City Council approval. The deadlines for approval of the resolutions are as follows: For March 5, 2013 Special Election December 7, 2012 For June 4, 2013 Special Election March 8, 2013 l�E'�*1,��1 ►�1J��� There is no fiscal impact of this report. RECOMMENDATION Staff recommends the City Council provide direction regarding the timing, type and amount of the proposed public safety tax. 2017 2018 2019 2020 2021 2022 2021 17,227,130 17,904:690 1b 653,830 17,319,984 18,012,783 18,733,294 19,482;616 1;690,650 2,707,795 1,373,517 5,082;776 942;812 816,927 2,402,224 2;076,128 2,729,050 2,359,973 967,839 1,042,770 1,034,000= 672,770 352,999 184;884 28;672 1,582,449 1,223,562 842,381 437,838 X819 114,750 729,045 743,616 758,498 773;668 789,142 804,925 821,023 837,444 854;192 811,275 Adjusted anount(,rquired) avdiable after adjustingfor possible Giants mailable 1,757,520 1,763,045 1,416,996 1,111,497 958,553' 817,813 2,387,374 2,044,586 1,679,875- 1,29ZO30 880,E * Note: Positive amounts add to the current Reserves while iegative amounts reduce current Reserves. As shown in the table above, the City would not need a tax under this scenario and could have additional moneys available to restore programs and staffing; the first year savings could be used for any start cost costs to transition to the Sheriff. Upon receiving directions from the City Council, staff will bring necessary resolutions for City Council approval. The deadlines for approval of the resolutions are as follows: For March 5, 2013 Special Election December 7, 2012 For June 4, 2013 Special Election March 8, 2013 l�E'�*1,��1 ►�1J��� There is no fiscal impact of this report. RECOMMENDATION Staff recommends the City Council provide direction regarding the timing, type and amount of the proposed public safety tax. 1:92 10 1 I] November i 11 PM I Manuel Lozano - Mayor Susan Rubio - Mayor Pro Tern Marlen Garcia - Council Member Monica Garcia - Council Member Ricardo Pacheco - Council Member PLEASE TURN OFF CELL PHONES AND PAGERS WHILE MEETING IS IN PROCESS POR FAVOR DE APAGAR SUS TELEFONOS CEL ULARES Y BEEPERS DURANTE LA JUNTA PUBLIC COMMENTS COMENTARIOS DEL PUBLICO The public is encouraged to address the City Council or Se invita al publico a dirigirse al Concilio o cualquiera otra de any of its Agencies listed on this agenda on any matter sus Agencias nombradas en esta agenda, para hablar sobre posted on the agenda or on any other matter within its cualquier asunto publicado en la agenda o cualquier tema que jurisdiction. If you wish to address the City Council or any estd bajo su jurisdiccion. Si usted desea la oportunidad de of its Agencies, you may do so during the PUBLIC dirigirse al Concilio o alguna de sus Agencias, podra hacerlo COMMUNICATIONS period noted on the agenda. Each durante el periodo de Comentarios del Publico (Public person is allowed three (3) minutes speaking time. A Communications) anunciado en la agenda. A cada persona se Spanish speaking interpreter is available for your le permite hablar por tres (3) minutos. Hay un interprete para convenience. su conveniencia. z 0, )' t,I 't. t � xwdc.f d IC�` t," ,.t+t�, �..,. x �,.t. .. FINANCE AUTHORITY REGULAR MEETING — 7:00 PM CALL TO ORDER ROLL CALL Council Members: Marlen Garcia, Monica Garcia, Ricardo Pacheco, Mayor Pro Tem Susan Rubio and Mayor Manuel Lozano PUBLIC COMMUNICATIONS Three (3) minute speaking time limit Tres (3) minutos serA el limite para hablar THIS IS THE TIME SET ASIDE TO ADDRESS THE COMMISSION No action may be taken on a matter unless it is listed on the agenda, or unless certain emergency or special circumstances exist. The legislative body or its staff may: 1) Briefly respond to statements made or questions asked by persons; or 2) Direct staff to investigate andlor schedule matters for consideration at a future meeting. [Government Code §54954.2] ESTE ES EL PERIODO DESiGNAD0 PARA DIRIGIRSE AL comtsi& No se podra tomar acci6n en algdn asunto a menos que sea incluido en la agenda, o a menos que exista algbna emergencia o circunstancia especial. El cuerpo legislativo y su personal podran: 1) Responder brevemente a declaraci6nes o preguntas hechas por personas; o 2) Dirigir personal a investigar y10 fijar asuntos para tomar en consideraci6n en juntas proximas. [Codigo de Gobierno §54954.2] CONSENT CALENDAR 1 TREASURER'S REPORT: AUGUST, SEPTEMBER AND OCTOBER 2012 Staff recommends that the Finance Authority receive and file the August, September and October 2012 Treasurer's Report. ADJOURNMENT CERTIFICATION 1, Alejandra Avila, City Clerk of the City of Baldwin Park hereby certify under penalty of perjury under the laws of the State of California that the foregoing agenda was posted on the City Hall bulletin board not less than 72 hours prior to the meeting. Dated this 15 th day of November, 2012. Alejandra Avila City Clerk Finance Authority Agenda — November 21, 2012 PLEASE NOTE: Copies of staff reports and supporting documentation pertaining to each item on this agenda are available for public viewing and inspection at City Hall, 2nd Floor Lobby Area or at the Los Angeles County Public Library in the City of Baldwin Park. For further information regarding agenda items, please contact the office of the City Clerk at (626) 960 -4011, Ext. 466 or via e -mail at rcaballero @baldwinpark.com. In compliance with the Americans with Disabilities Act, if you need special assistance to participate in this meeting, please contact the Public Works Department or Risk Management at (626) 960 -4011. Notification 48 hours prior to the meeting will enable staff to make reasonable arrangements to ensure accessibility to this meeting. (28 CFR 34.102.104 ADA TITLE ll) Finance Authority Agenda — November 21, 2012 Im Honorable e Members of _ Authority e Housing Authority FROM: • - - Officer/Executive Lorena Quijano, Director of Finance DATE: II The purpose of this report is to provide the Treasurer's Report for August, September and October 2012. I %LS] 201 :19111► 1 oil a The Treasurer's Report lists all cash for the City (which includes the Baldwin Park Financing Authority), the Housing Authority, and the Successor Agency to the Community Development Commission (CDC). The CDC was eliminated effective February 1, 2012 and the City is now the Successor Agency; a new bank account is used in order to track its transactions separately. Any amounts reflected for the CDC are amounts set aside for outstanding checks that had not cleared as of the elimination date. The report separates cash into the following three sections: • State of California Local Agency Investment Fund (LAIF) — this is where the majority of the cash is held. City cash, which accounts for the largest portion includes monies from the General Fund and all other restricted funds known as Special Funds. Money is kept in LAIF until it needs to be transferred to cover warrants (payments to vendors, contractors, etc.,), payroll, or to pay the various bond payments. • Fiscal Agent Funds - these amounts represent monies held by the various bond holders that are restricted and which have been set aside for future bond payments. • Cash- this section provides the cash balances in the various checking accounts the City uses to pay its on -going payments. The cash balances fluctuate during the year due to the timing of large payments, such as interest and principal for bonds, and due to when the City receives its major sources of Treasurer's Report: August, September and October 2012 Page 2 revenues (such as sales tax and property tax) in December, January and May of each year. None 1:7mr-i1i1J,I IT, 1:4►�197_iiri1w Staff recommends that the Financing Authority and Housing Authority receive and file the August, September and October 2012 Treasurer's Report. r—MIT-TOITUN F4 ►_I 1. August, September and October 2012 Treasurer's Report CITY OF BALDWIN PARK TREASURER'S REPORT August 31, 2012 ESTIMATED INVESTMENT INTEREST PURCHASE MATURITY PAR CURRENT BOOK MARKET DESCRIPTION RATE DATE DATE VALUE PRINCIPAL VALUE VALUE State of California Local Agency Investment Fund City 0,38% Varies Housing Authority 0.38% Varies Fiscal Agent Funds - City Varies Varies Fiscal Agent Funds - Successt Varies Varies Varies 32,208,319.07 32,208,319.07 32,208,319.07 32,208,319.07 Varies 392,320.08 392,320.08 392,320.08 392,320.08 32,600,639.15 32,600,63905 32,600,639.15 32,600,639.15 Varies 2,279,366.41 2,279,366.41 2,279,366.41 2,279,366.41 Varies 2,755 ,672.88 2,755,672.88 2,755,672.88 2,755,672.88 $ 37,635,678.44 $ 37,635,678.44 5,035,039.29 $ 37,635,678.44 Total Investments $ 37,635,678.44 Cash City Checking 1,966,568.51 City Miscellaneous Cash 61,915.49 Comm. Develop. Comm. 6,397.92 Successor Agency 104,049.57 Housing Authority 269,767.91 Financing Authority 0.00 Total Cash 2,408,699.40 Total Cash and Investments $ 40,044,377.84 Schedule of Cash and Investments includes all financial assets as included in the Comprehensive Annual Financial Report. There was no investment maturity/purchase transaction made for the month of August 2012 and several deposits /withdrawals were made with the Local Agency Investment Fund. In compliance with the California Government Code Section 53646 et seq., I hereby certify that sufficient investment liquidity and anticipated revenues are available to meet the City's expenditure requirements for the next six months that all investments are in compliance to the City's Statement of Investment Policy. Approved by: r Lor4na Quijano Fin nce Director CITY OF BALDWIN PARK TREASURER'S REPORT September 30, 2012 ESTIMATED INVESTMENT INTEREST PURCHASE �MATURTY PAR CURRENT BOOK MARKET FE DESCRIPTION RATE DATE VALUE PRINCIPAL VALUE VALUE State of California Local Agency Investment Fund City 0.35% Varies Varies Housing Authority 0.35% Varies Varies Fiscal Agent Funds - City Varies Varies Varies Fiscal Agent Funds - Successc Varies Varies Varies 29,908,319.07 29,908,319.07 29,908,319.07 29,908,319.07 167, 320.08 167, 320.08 167,320.08 167, 320.08 30,075,639.15 30,075,639.15 30,075,639.15 30,075,639.15 2,279,379.96 2,279,379.96 2,279,379.96 2,279,379.96 2,621,270.27 2,621,270.27 2,621,270.27 2,621,270.27 $ 34,976,289.38 $ 34,976,289.38 4,900,650.23 $ 34,976,289.38 Total Investments $ 34,976,289.38 Cash City Checking 1,873,161.57 City Miscellaneous Cash 65,779.30 Comm. Develop. Comm.. 6,397.92 Successor Agency 805,084.40 Housing Authority 278,729.41 Financing Authority 0.00 Total Cash 3,029,152.60 Total Cash and Investments $ 38,005,441.98 Schedule of Cash and Investments includes all financial assets as included in the Comprehensive Annual Financial Report. There was no investment maturity /purchase transaction made for the month of September 2012 and several deposits /withdrawals were made with the Local Agency Investment Fund. In compliance with the California Government Code Section 53646 et seq., I hereby certify that sufficient investment liquidity and anticipated revenues are available to meet the City's expenditure requirements for the next six months that all investments are in compliance to the City's Statement of Investment Policy. Approved by; Lq na Quijano Fi` ance Director ' INVESTMENT DESCRIPTION State of California Local Agency Investment Fund City Housing Authority CITY OF BALDWIN PARK TREASURER'S REPORT October 31, 2012 INTEREST PURCHASE MATURITY PAR RATE DATE DATE VALUE 0.34% Varies Varies 0.34% Varies Varies Fiscal Agent Funds - City Varies Varies Varies Fiscal Agent Funds - Success< Varies Varies Varies CURRENT BOOK MARKET PRINCIPAL VALUE VALUE 27,187,383.95 27,187,383.95 27,187,383.95 27,187,383.95 142,740.40 142,740.40 142,740.40 142,740.40 27,330,124.35 27,330,124.35 27,330,124.35 27,330,124.35 2,279,393.07 2,279,393.07 2,279,393.07 2,279,393.07 2,621,270.27 2,621,270.27 2,621,270.27 2,621,270.27 $ 32,230,787.69 $ 32,230,787.69 4,900,663.34 $ 32,230,787.69 Total Investments $ 32,230,787.69 Cash City Checking 1,183,748.97 City Miscellaneous Cash 486,145.49 Comm. Develop. Comm. 6,397.92 Successor Agency 822,479.60 Housing Authority 109,321.01 Financing Authority 0.00 Total Cash 2,608,092.99 Total Cash and Investments $ 34,838,880.68 Schedule of Cash and Investments includes all financial assets as included in the Comprehensive Annual Financial Report. There was no investment maturity /purchase transaction made for the month of October 2012 and several deposits /withdrawals were made with the Local Agency Investment Fund. In compliance with the California Government Code Section 53646 et seq., I hereby certify that sufficient investment liquidity and anticipated revenues are available to meet the City's expenditure requirements for the next six months that all investments are in compliance to the City's Statement of Investment Policy. Appr�oe d y: � F Lore no Fina� a Director AGENDA ALDIN PARK HOUSING AUTH IT November 21 , 2012 7000 PM REGULAR MEETING COUNCIL CHAMBER 14403 E. PACIFIC AVENUE BALDWIN PARK, CA 91706 (626) 960 -4011 BALDWIN A Manuel Lozano - Mayor Susan Rubio - Mayor Pro Tern Marlen Garcia - Council Member Monica Garcia - Council Member Ricardo Pacheco - Council Member PLEASE TURN OFF CELL PHONES AND PAGERS WHILE MEETING IS IN PROCESS POR FAVOR DE APAGAR SUS TELEFONOS CEL ULARES Y BEEPERS DURANTE LA JUNTA PUBLIC COMMENTS COMENTARIOS DEL PUBLICO The public is encouraged to address the City Se invita al pbblico a dirigirse al Concilio o cualquiera Council or any of its Agencies listed on this agenda otra de sus Agencias nombradas en esta agenda, para on any matter posted on the agenda or on any other hablar sobre cualquier asunto publicado en la agenda o matter within its jurisdiction. If you wish to address cualquier tema que este bajo su jurisdiccion. Si usted the City Council or any of its Agencies, you may do desea la oportunidad de dirigirse al Concilio o alguna de so during the PUBLIC COMMUNICATIONS period sus Agencias, podra hacerlo durante el periodo de noted on the agenda. Each person is allowed three Comentarios del Pdblico (Public Communications) (3) minutes speaking time. A Spanish speaking anunciado en la agenda. A cada persona se le permite interpreter is available for your convenience. hablar por tres (3) minutos. Hay un interprete para su conveniencia. ° , .,. . t HOUSING AUTHORITY REGULAR MEETING - 7:00 PM CALL TO ORDER ROLL CALL Council Members: Marlen Garcia, Monica Garcia, Ricardo Pacheco, Mayor Pro Tern Susan Rubio and Mayor Manuel Lozano PUBLIC COMMUNICATIONS Three (3) minute speaking time limit Tres (3) minutos sera el limite para hablar THIS IS THE TIME SET ASIDE TO ADDRESS THE COMMISSION No action may be taken on a matter unless it is listed on the agenda, or unless certain emergency or special circumstances exist. The legislative body or its staff may: 1) Briefly respond to statements made or questions asked by persons; or 2) Direct staff to investigate and /or schedule matters for consideration at a future meeting. [Government Code §54954.2] ESTE ES EL PERIODO DESIGNADO PARA DiRIGIRSE AL COMIS16N No se podra tomar acci6n en alg6n asunto a menos que sea incluido en la agenda, o a menos que exista algdna emergencia o circunstancia especial. El cuerpo legislativo y su personal podran: 1) Responder brevemente a declaraci6nes o preguntas hechas por personas; o 2) Dirigir personal a investigar y10 fijar asuntos para tomar en consideraci6n en juntas proximas. [Codigo de Gobiemo §54954.2] CONSENT CALENDAR 1 TREASURER'S REPORT: AUGUST, SEPTEMBER AND OCTOBER 2012 Staff recommends that the Housing Authority receive and file the August, September and October 2012 Treasurer's Report. ADJOURNMENT CERTIFICATION 1, Alejandra Avila, City Clerk of the City of Baldwin Park hereby certify under penalty of perjury under the laws of the State of California that the foregoing agenda was posted on the City Hall bulletin board not less than 72 hours prior to the meeting. Dated this 15 to day of November, 2012. A Alejandra Avila City Clerk PLEASE NOTE: Copies of staff reports and supporting documentation pertaining to each item on this agenda are available for public viewing and inspection at City Hall, 20d Floor Lobby Area or at the Los Angeles County Public Library in the City of Baldwin Park. For further information regarding agenda items, please contact the office of the City Clerk at (626) 960 -4011, Ext. 466 or via e -mail at rcaballero@baldwinpark.com. In compliance with the Americans with Disabilities Act if you need special assistance to participate in this meeting, please contact the Public Works Department or Risk Management at (626) 960 -4011. Notification 48 hours prior to the meeting will enable staff to make reasonable arrangements to ensure accessibility to this meeting. (28 CFR 34.102.104 ADA TITLE II) i i Honorable Chair and Members of the Finance Authority and Housing Authority FROM: Officer/Executive .o • Director of DATE: November 1 s . o The purpose of this report is to provide the Treasurer's Report for August, September and October 2012. BACKGROUND /DISCUSSION The Treasurer's Report lists all cash for the City (which includes the Baldwin Park Financing Authority), the Housing Authority, and the Successor Agency to the Community Development Commission (CDC). The CDC was eliminated effective February 1, 2012 and the City is now the Successor Agency; a new bank account is used in order to track its transactions separately. Any amounts reflected for the CDC are amounts set aside for outstanding checks that had not cleared as of the elimination date. The report separates cash into the following three sections: • State of California Local Agency majority of the cash is held. City includes monies from the General Investment Fund (LAIF) — this is where the cash, which accounts for the largest portion Fund and all other restricted funds known as Special Funds. Money is kept in LAIF until it needs to be transferred to cover warrants (payments to vendors, contractors, etc.,), payroll, or to pay the various bond payments. • Fiscal Agent Funds - these amounts represent monies held by the various bond holders that are restricted and which have been set aside for future bond payments. • Cash- this section provides the cash balances in the various checking accounts the City uses to pay its on -going payments. The cash balances fluctuate during the year due to the timing of large payments, such as interest and principal for bonds, and due to when the City receives its major sources of Treasurer's Report: August, September and October 2012 Page 2 revenues (such as sales tax and property tax) in December, January and May of each year. Wil!ffl W16 RM Staff recommends that the Financing Authority and Housing Authority receive and file the August, September and October 2012 Treasurer's Report. 1. August, September and October 2012 Treasurer's Report CITY OF BALDWIN PARK TREASURER'S REPORT August 31, 2012 ESTIMATED INVESTMENT INTEREST PURCHASE MATURITY PAR CURRENT BOOK MARKET DESCRIPTION RATE DATE DATE VALUE PRINCIPAL VALUE VALUE State of California Local Agency Investment Fund City 0.38 Varies Varies Housing Authority 0.38% Varies Varies Fiscal Agent Funds - City Varies Varies Varies Fiscal Agent Funds - Successc Varies Varies Varies 32,208,319.07 32,208,319.07 32,208,319.07 32,208,319.07 392,320.08 392,320.08 392,320.08 392,320.08 32,600,639.15 32,600,639.15 32,600,639.15 32,600,639.15 2,279,366.41 2,279,366.41 2,279, 366.41 2,279,366.41 2,755,672.88 2,755,672.88 2,755,672.88 2,755,672.88 $ 37,635,678.44 $ 37,635,678.44 5,035,039.29 S 37,635,678.44 Total Investments $ 37,635,678.44 Cash City Checking 1,966,568.51 City Miscellaneous Cash 61,915.49 Comm. Develop. Comm. 6,397.92 Successor Agency 104,049.57 Housing Authority 269,767.91 Financing Authority 0.00 Total Cash 2,408,699.40 Total Cash and Investments $ 40,044,377.84 Schedule of Cash and Investments includes all financial assets as included in the Comprehensive Annual Financial Report. There was no investment maturity/purchase transaction made for the month of August 2012 and several deposits /withdrawals were made with the Local Agency Investment Fund. In compliance with the California Government Code Section 53646 et seq., I hereby certify that sufficient investment liquidity and anticipated revenues are available to meet the City's expenditure requirements for the next six months that all investments are in compliance to the City's Statement of Investment Policy. App r ved by: Lor a Quijano Fin nce Director CITY OF BALDWIN PARK TREASURER'S REPORT September 30, 2012 ESTIMATED INVESTMENT INTEREST PURCHASE MATURITY PAR CURRENT BOOK MARKET DESCRIPTION RATE DATE DATE VALUE PRINCIPAL VALUE VALUE State of California Local 29,908,319.07 29,908,319.07 29,908,319.07 Agency Investment Fund Varies 167,320.08 167,320.08 City 0.35°% Varies Housing Authority 0.35% Varies Fiscal Agent Funds - City Varies Varies Fiscal Agent Funds - Successc Varies Varies Varies 29,908,319.07 29,908,319.07 29,908,319.07 29,908,319.07 Varies 167,320.08 167,320.08 167,320.08 167,320.08 30,075,639.15 30,075,639.15 30,075,639.15 30,075,639.15 Varies 2,279,379.96 2,279,379.96 2,279,379.96 2,279,379.96 Varies 2,621,270.27 2,621,270.27 2,621,270.27 2,621,270.27 S 34,976,289.38 $ 34,976,289.38 4,900,650.23 $ 34,976,289.38 Total Investments $ 34,976,289.38 Cash City Checking 1,873,161.57 City Miscellaneous Cash 65,779.30 Comm. Develop. Comm. 6,397.92 Successor Agency 805,084.40 Housing Authority 278,729.41 Financing Authority 0.00 Total Cash 3,029,152.60 Total Cash and Investments $ 38,005,441.98 Schedule of Cash and Investments includes all financial assets as included in the Comprehensive Annual Financial Report. There was no investment maturity /purchase transaction made for the month of September 2012 and several deposits /withdrawals were made with the Local Agency Investment Fund. In compliance with the California Government Code Section 53646 et seq., I hereby certify that sufficient investment liquidity and anticipated revenues are available to meet the City's expenditure requirements for the next six months that all investments are in compliance to the City's Statement of Investment Policy. Approved by: V i E, v ^✓ /' Lqyena Quijano Fi ance Director CITY OF BALDWIN PARK TREASURER'S REPORT October 31, 2012 INVESTMENT INTEREST PURCHASE MATURITY DESCRIPTION RATE DATE DATE State of California Local 2,279,393.07 2,279,393.07 2,279,393.07 2,279,393.07 Agency Investment Fund 2,621,270.27 2,621,270.27 $ 32,230,787.69 $ 32,230,787.69 City 0.34% Varies Varies Housing Authority 0.34% Varies Varies Fiscal Agent Funds - City Varies Varies Varies Fiscal Agent Funds - Successc Varies Varies Varies PAR CURRENT BOOK MARKET ALUE PRINCIPAL VALUE VALUE 27,187,383.95 27,187,383.95 27,187,383.95 27,187,383.95 142,740.40 142,740.40 142,740.40 142,740.40 27,330,124.35 27,330,124.35 27,330,124.35 27,330,124.35 2,279,393.07 2,279,393.07 2,279,393.07 2,279,393.07 2,621,270.27 2,621,270.27 2,621,270.27 2,621,270.27 $ 32,230,787.69 $ 32,230,787.69 4,900,663.34 $ 32,230,787.69 Total Investments $ 32,230,787.69 Cash City Checking 1,183,748.97 City Miscellaneous Cash 486,145.49 Comm. Develop. Comm. 6,397.92 Successor Agency 822,479.60 Housing Authority 109,321.01 Financing Authority 0.00 Total Cash 2,608,092.99 Total Cash and Investments $ 34,838,880.68 Schedule of Cash and Investments includes all financial assets as included in the Comprehensive Annual Financial Report. There was no investment maturity /purchase transaction made for the month of October 2012 and several deposits /withdrawals were made with the Local Agency Investment Fund. In compliance with the California Government Code Section 53646 at seq., I hereby certify that sufficient investment liquidity and anticipated revenues are available to meet the City's expenditure requirements for the next six months that all investments are in compliance to the City's Statement of Investment Policy. Appro ad y: Loreda XWno Fina a Director