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GENERAL MANAGER Jim Friedl DATE: June 17, 2021 TO: Board of Directors FROM: Jim Friedl General Manager SUBJECT: Adoption of Fiscal Year (FY) 2021-22 and 2022-23 Budgets RECOMMENDATION BOARD OF DIRECTORS Doug Nickles, Chair Nellie Cusworth, Vice Chair George M. Lange, Director Susan L. Holt, Director Chuck Huffer, Director GENERAL MANAGER EMERITUS Tex Ward Adopt Resolution 061721 -A adopting the Fiscal Year (FY) 2021-22 and 2022-23 budgets for all funds as attached and policy matter contained in the body of this memorandum. 1 0 - For fiscal years (FY) 2021-22 and 2022-23, the District adopts budgets for the following funds: General Fund, Districtwide Assessment District Fund, Dos Vientos Assessment District Fund, Rancho Conejo Assessment District Fund, Capital Improvement Projects and Equipment Replacement Fund. The operating budget was presented and discussed at the June 3, 2021 Board meeting. The proposed budget has been revised to incorporate the tentative Memorandum of Understanding (MOU) with Service Employees International Union (SEIU) Local 721 to be presented and discussed at the June 17, 2021 Board meeting. In addition, the Management Services —Administration professional services appropriation has been adjusted pursuant to the Board discussion on June 3 regarding grant writing services and potential election expenses. Also, additional revenues and appropriations are included each year for revenues and expenses previously associated with Arts Council programs ($745,000 year 1 and $770,250 year 2). These revenues and appropriations are balanced and do not impact the District's net position. Revised Proposed Ten -Year Capital Improvement Plan On May 20, 2021, staff presented the Board with a proposed Ten -Year Capital Improvement Plan, which included the proposed Capital Improvement Projects (CIP) for the upcoming two fiscal years. Year One and Two of the Plan and proposed CIP budget has been revised for carryover projects and appropriations highlighted in orange on the attached Revised Proposed Ten -Year Capital Improvement Plan. Adjustments include increased matching grant program, ($575,000), Walnut Grove ($30,000), Kimber Park ($30,000) and Consulting Services for the General Plan/CRPD Master Plan Update ($60,000). In addition, on June 8th, the City of Thousand Oaks approved its capital budget which includes $1.5 million to be used to help construct Conejo Creek Southwest. This anticipated grant appears in the "notes" section of the Year 1 Capital Budget. ADMINISTRATIVE OFFICES 403 West Hillcrest Drive Thousand Oaks, CA 91360-4223 (805) 495-6471 1 FAX: (805) 497-3199 Email: parks@crpd.org I Website: www.crpd.org