FIN 2019-06-24 Item 2A - Public Safety Plan - Report from Public Safety Bond Financial Oversight Committee

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VI. chose to remove construction of a new Station 54 from the plan, although Councilmembers expressed support for rehabilitation. 2. Public Safety Plan Financial Overview The Committee reviewed the original and revised revenue and expenditure budgets for the Public Safety Plan. Total actual revenues through April 5 are $40,213,245 from the voter - approved bond, fire impact fees, real estate excise tax, investment interest, and rental income. The total for actual and projected revenues is $127,675,333. The total expenditure budget change is $36,515,077. The remainder of the voted debt, ;675,046, along with $17.5M in Councilmanic bonds will be issued in 2019. The City ave on bond issuance costs by doing both at the same time. Staff updated the Co ee regarding alternates at Station 51. The Council approved budget for 4 of 7 item been identified as f p ydr the back, bi-fold doors, rough -in for new SCBA gear washer, and undergro i ilities for The desirable features not included in the original budget. fueling station. Council had earlier approved budget to make Stt52 a "drive-thro " tation so that large apparatus will not have to backup int station. 11 Mr. Goode asked staff to clarify revenue sou ibeyon thevoter approved bond. The primary sources are fire impact fees, REET 1, y sales. Mr. Reiswig asked about the impacts to other city activities. While fire im es can only be used for fire related purposes, money from proper Goode asked if this budget sit construction costs are difficult resources are being redirected fr acquisition budget for the Justice the original b 4tiers were increases l ca i , ere identi 3. Expendit deports The Comm t i l b,ir� a detain e CS The C with the Safety llaneous and REET 1 co '(f e used for other purposes. Mr. have been a < d. Mr. Conlen stated that ket driv. Goode reiterated that Reiswig asked why the land 4i- from Ito over $15M. Staff responded that ased, and land/real estate had significant f t Cl, ''� safety Plan expenditures through April 5, 2019 t and current contracts. Actual expenditures through April 5, 2019 are ttee also reviewed a current list of contracts for service associated • ed thatl ity Council recently appointed Mr. Goode, Ms. Jerwa, and Mr. Coplen to seco< e Committee. During the Finance Committee discussion on the reappoir� ts, Councilmember Quinn stressed the importance of the Oversight Committee and asked s Vaff to ensure that its members have the City support needed to be effective. He also suggested that the Oversight Committee consider Mr. Goldblatt as resource, and to look for opportunities to engage with the community. Staff asked the Oversight Committee for comments. Mr. Castillo stated that he finds the Committee to be effective and the right people are at the table. He does get questions from other community members and he is able to share the information. Mr. Coplen noted that the Committee reviews the reports provided, so it's hard to comment on what else the City could offer. Mr. Goode stated that he sees the purpose of the Committee is to review the financial reports and ask about outliers, delays, disputes and other 2 4