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HomeMy WebLinkAbout02 - Fee Schedule Update for Fiscal Year 2020-21 - PowerPointMay 26, 2020 Special Meeting FEE STUDY UPDATE City Council Joint Meeting Finance Committee COST RECOVERY & ANNUAL UPDATE REQUIREMENTS Council Policv F-4 (Revenue Measures The City will establish appropriate cost -recovery targets for its fee structure and will annually adjust its fee structure to ensure that the fees continue to meet cost recovery targets. Fiscal Sustainability Plan (Resolution 2015-47) Establish appropriate cost -recovery targets and annually adjust fee structure to ensure that the fees continue to meet cost recovery targets. NBMC CHAPTER 3.36 COST RECOVERY FOR USER SERVICES 6101.1i191i; Mandates 100% cost recovery (except for subsidies identified in the code) NBMC § 3.36.0 10 "... cost studies should be conducted at least every five years" Community Development Department (20 15) Fire (2018) Police (20 15) TIMELINE ■ September 2019 - Fee Study Kick-off with Departments ■ October — December 2019 - Conducted Fee Studies ■ January — February 2020 - Finalize Fee Studies /Approval from Departments ■ February 13, 2020 - Finance Committee — Present Fee Study Updates as Receive and File ■ February 14,2020 - Building Related Changes Provided to Building Industry Association (BIA) — OC Chapter ■ March 10, 2020 - Mailed Interested Party Notification Letters to: • AT&T • BIA • So Cal Gas • Southern California Edison ■ March 14, 2020 and March 21, 2020 - Notice of Public Hearing Posted in the Daily Pilot ■ March 24, 2020 - Fee Study Update Continued to May 12, 2020 ■ April 28, 2020 - Mailed Interested Party Notification Letters to: • AT&T • BIA • So Cal Gas • Southern California Edison ■ May 2, 2020 - Notice of Public Hearing Posted in the Daily Pilot ■ May 12, 2020 - Fee Study Update Continued FEE STUDY CHANGES Impact: $840,000 annual revenue, adjusted for phased -in Planning fees (does not account for fees where volume statistics were unavailable or where demand may decrease due to COVID-19) Fees Fees No New Department Increasing Decreasing Change Fees Deleted Totals CDD 112 II 7 2 0 136 Fire 59 44 13 0 0 116 Police 19 15 18 0 6 58 TOTAL 190 70 38 2 6 306 of TOTAL 62% 23% 12% 1 % 2% 100% Impact: $840,000 annual revenue, adjusted for phased -in Planning fees (does not account for fees where volume statistics were unavailable or where demand may decrease due to COVID-19) OPTIONS Fee Study Updates to Council June 9, 2020 for Public Hearing and Potential Adoption (Staff Recommendation) 2. Postpone Fee Study Updates (TBD) Adjustments effective 7/1/2020 per (0.6% Increase) and Allow CPI Resolution 2018-55 3. Do Not Approve Fee Study Updates, Rescind Resolution 2018-55 Authorizing Annual CPI Increases, and Waive Council Policy F-4 1. FEE STUDY UPDATES TO COUNCIL JUNE 9, 2020 (STAFF RECOMMENDATION) Impact: $885,000 potential revenue from fee study adjustments and 7/1/2020 Consumer Price Index (CPI) increases CDD included fee study updates in their FY21 budget projections, $432,000 of the total above Estimate doesn't account for unavailable volume or potential drop in demand due to COVID-19) PROS Follow policy Remain on schedule with annual updates Charge full cost of service Potential to generate additional revenue Update non -studied fees by CPI 7/l/2020 CONS COVID-19 financial impact to residents and businesses 2. POSTPONE FEE STUDY UPDATES ALLOW CPI ADJUSTMENTS EFFECTIVE 7/1/2020 Impact: ($765,000) potential unrealized revenue, includes: ($540,000) CDD revenue, 80% included in FY 2020-21 budget ($300,000) Fire and PD net revenue from fee study $75,000 Approximate annual revenue from CPI Increase PROS Remain on schedule with annual updates Temporary CONS Negative impact to revenues Not able to recover cost of service for studied departments 3. DO NOT APPROVE FEE STUDY UPDATES, RESCIND RESOLUTION 2018-55 AUTHORIZING ANNUAL CPI INCREASES,AND WAIVE COUNCIL POLICY F-4 Impact: ($885,000) potential unrealized revenue, includes: ($540,000) CDD revenue, 80% included in FY 2020-21 budget ($300,000) Fire and PD net revenue from fee study ($45,000) Estimated CPI Increases to non -studied departments PROS Relief from fee increases to those residents and businesses impacted by COVID-19 CONS Negative impact to revenues Not true cost of service for studied departments Off schedule for annual updates Long term impact THANK YOU 1 y !� _ I a -D J ,� 1 1 s:�r - ..: Fee Study Update City Council Joint Meeting with the Finance Committee May 26, 2020