PROPOSED BUDGET - Laserfiche WebLink

Browse Search

GENERAL MANAGER Jim Friedl DATE: June 1, 2017 TO: Board of Directors FROM: Jim Friedl, General Manag SUBJECT: Proposed Budget for Fi al Years 2 17-18 and 2018-19 RECOMMENDATION BOARD OF DIRECTORS George M. Lange, Chair Susan L. Holt, Vice Chair Joe Gibson, Director Ed Jones, Director Chuck Huffer, Director GENERAL MANAGER EMERITUS Tex Ward The Board of Directors consider and provide input to staff on the proposed two year budget. DISCUSSION This letter transmits the proposed two year budget, covering fiscal years (FY) 2017-18 and 2018-19, including the following funds: General Fund, Districtwide Assessment District Fund, Dos Vientos Assessment District Fund, Rancho Conejo Assessment District Fund, and Equipment Replacement Fund. Although not mutually exclusive, each of these funds has an independent revenue source and has been created to accomplish designated expenditure goals. The budget process began with the adoption of a preliminary budget on April 6, 2017. Public hearings have been held at subsequent meetings. The process is scheduled to conclude with the adoption of budgets on June 15, 2017. One change was made to the Capital Improvement Projects following the May 4, 2017 Board discussion; carryover funds were added for the futsal court project. Input from this meeting will be used to update the budgets for adoption on June 15, 2017. Although the main purpose of this memo is to transmit the proposed operating budget, staff does want to take this opportunity to address some questions and comments from the May 4, 2017 board meeting regarding a few of the projects and the timing thereof within the 10 Year Capital Improvement Plan (available online at https://cdlfh025.citiesdigital,comNVebLink/O/doc/9272/Pagel.aspx). Staff have considered those questions and comments and offers the following additional information. Project 1.12 Phase 1 Design at Conejo Creek South West. A question was raised about the timing of the project given that the source of funding for the park construction has not yet materialized. This park is within the Thousand Oaks Blvd Specific Plan zone 4 area 12, which includes Glenwood Neighborhood Park and Conejo Creek Southwest. According to the CRPD Master Plan, Area 12 is currently 14.8 acres deficient in Neighborhood Park acreage and development of Conejo Creek Southwest (14.1 acres) would provide a major step to satisfying the deficiency. Staff would like to take sufficient time (approximately 2 years) to hold numerous community meetings to assess, evaluate, and receive input and feedback on the potential park development. Staff believes by Year 3, sufficient PDF (Quimby) funding may be available to develop the park. Staff estimates that at least 150 housing units within the Thousand Oaks ADMINISTRATIVE OFFICES 403 West Hillcrest Drive - Thousand Oaks, CA 91360-4223 (805) 495-6471 • FAX: (805) 497-3199 • Email: parks@crpd.org • Websfte: www.crpd.org