►
Description
Burbank Infrastructure Oversight Board Meeting - October 27, 2022
A
C
D
F
A
D
D
A
A
G
A
Thank
you.
Anyone
else
now
remember.
We
do
have
an
opportunity
next
meeting
to
talk
about
this
so
well.
Thank
you
so
much
for
your
comment
and
I
hope
that
you'll
come
back
next
meeting,
but
we
are
going
to
change
the
date
so
to
note
that,
because
we
normally
meet
on
the
fourth
Thursday,
but
we're
going
to
be
changing
it.
So
please
come
back
on
the
next
meeting
and
share
your
views
again.
Thank
you.
A
Okay,
let's
move
on
to
the
consent
calendar
which
contains
the
minutes.
Now
we
last
a
meeting
we
had
tabled
the
August
minutes,
partly
because
we
didn't
have
a
quorum
and
partly
because
we
didn't
have
Everybody
wasn't
here
and
partly
because
there
were
concerns
about
the
the
notes
that
were
taken,
the
the
minutes
that
were
taken
so
tonight
we
are
going
to
approve
both
August
and
September
minutes.
Are
there
any
discussion
points
for
either
of
those
minutes.
F
A
Okay,
I
also
agree
with
Mr
Jackson
that
the
September
minutes
are
an
improvement
over
the
August
minute.
So
thank
you
for
that
and
I
want
to
also
remind
my
colleagues
that
if
there's
something
minutes
missing
from
the
minutes,
we
can
amend
them.
So
if
you
feel
like
there's
something
that
didn't
make
it
on
there
take
a
note
of
that
and
we
can
add
them:
okay,
okay!
So,
let's
start
off
with
the
August
25th
minutes.
Would
anyone
like
to
make
a
motion
to
approve
those
minutes.
A
B
E
F
H
C
B
E
E
A
You
I
do
have
one
comment
before
we
move
on
to
the
next
agenda
item
because
it
was
mentioned
in
the
minute:
it's
not
going
any
changes
or
anything,
but
in
the
last
meeting
it
was
requested
and
was
mentioned
in
the
minutes
that
Mr
Hoon
send
out
an
update
to
the
brown
act
and
I
just
want
to
acknowledge
that
that
update
was
sent
to
us
regarding
conduct
in
public
meetings.
So
I
thank
you
for
sending
that
to
us.
A
At
the
end
right,
thank
you
all
right,
we'll
move
on
to
the
reports
to
board
the
first
thing
we're
going
to
do
is
elect
the
chair
and
vice
chair,
which
has
been
put
off
now
for
two
months,
so
we're
going
to
hopefully
do
it
tonight.
We
are
missing
two
people,
so
I
did
I
have
to
admit.
I
did
suggest
the
possibility
to
the
room
that
in
the
air
that
we
nominate,
Jeff
and
I
mean
Mr
vanderboard,
Miss
Coronado,
but
that
would
not
be
nice.
A
G
H
H
A
E
B
E
B
F
F
A
Your
pleasure
is
well
if
you
feel
in
the
middle
of
the
meeting
that
you'd
like
to
switch
shots.
Let
me
know
all
right.
Thank
you.
Thank
you
both
for
taking
on
these
roles
very
important
rules,
all
right.
Let's
move
on
to
the
second
item,
which
is
the
fiscal
year,
2021-22
Municipal
infrastructure
fund
financial
report,
who
will
be
oh.
C
I
Future
chairperson
Jackson
and
the
rest
of
the
infrastructure
oversight
board,
I'm
Jennifer
Becker,
the
financial
services
director
and
I'm,
going
to
present
to
you
this
evening.
A
review
of
our
Municipal
infrastructure
fund,
530,
which
we
often
refer
to
at
fund
534,
and
thank
you
for
bringing
up
that
presentation.
I
I
To
give
you
a
projection
of
what
our
fund
balance
will
be
at
the
end
of
the
current
fiscal
year,
we'll
look
at
a
five-year
forecast
for
both
revenues
and
expenses
for
the
infrastructure
fund
and
we'll
talk
about
some
of
the
economic
factors
driving
those
projections
and,
lastly,
we'll
take
all
of
that
information
to
provide
you
with
an
outlook
for
the
upcoming
fiscal
year.
2324
budget
and
look
ahead
at
plans
for
rcip
development
process
before
I
go
any
further.
I
I
do
want
to
point
out
that
the
city
is
still
in
the
midst
of
our
year-end
Financial
audit,
so
the
fiscal
year
2122
numbers
you
will
see
before
you
tonight
are
not
considered
final
until
we
receive
an
unmodified
opinion
from
our
audit
firm
of
Clifton
Larson
Allen.
Once
the
audit
is
complete,
we
will
issue
our
annual
financial
report,
which
will
include
all
of
the
city's
funds
we're
scheduled
to
present
that
report
to
the
city
council
in
January.
I
I
With
that,
let's
begin
with
a
look
at
our
fund
534
revenues.
The
infrastructure
fund
has
three
main
categories
of
revenues.
First,
as
you
were
all
well
aware,
fund
536
fund
534
revenues
received
50
of
the
city's
total
transactions
and
use
tax
or
Tut
Revenue
that
was
approved
by
Burbank
voters
as
part
of
measure
P.
For
the
most
part,
Tut
revenue
is
very
similar
to
traditional
sales
tax,
in
that
it's
calculated
on
top
of
the
goods
we
purchase
within
the
city
where
it
differs,
is
in
the
way
online
sales
are
treated
with
traditional
sales.
I
Tax
revenue
from
online
sales
gets
pooled,
with
the
rest
of
the
county
and
distributed
to
cities
based
on
their
proportionate
share
of
brick
and
mortar
sales
tax.
Our
Tut
is
a
local
tax
that
is
unique
to
Burbank
and
does
not
apply
to
everyone
in
LA
county.
So,
instead
of
those
revenues
being
pulled
with
other
cities
in
the
county,
they
stay
right
here
in
Burbank
because
of
the
shift
to
online
sales
during
the
pandemic.
Our
measure
P
revenues
didn't
experience.
I
Those
big
negative
swings
in
2020
and
2021
the
way
traditional
brick
and
mortar
sales
tax
did,
but,
like
traditional
sales
tax,
it
has
continued
to
experience
a
healthy
growth
in
the
past
year,
which
I'll
show
you
in
a
moment.
The
second
Revenue
source
for
the
infrastructure
fund
is
that
general
fund
maintenance
of
effort
or
Moe,
which
was
established
by
city
ordinance
in
2018..
I
This
4.7
million
dollar
annual
contribution
is
based
on
a
three-year
history
of
general
fund
infrastructure
spending
prior
to
the
passage
of
measure
P,
and
ensures
that
our
measure
P
revenues
do
not
supplant
cities.
The
city's
previous
contributions
to
infrastructure,
despite
some
interest
from
the
iob
and
indexing.
This
annual
contribution
to
an
inflationary
factor
of
the
city
council
for
now
has
elected
to
keep
that
amount
flat
annually.
However,
they
always
have
the
option
to
contribute
more
from
the
general
fund
in
any
given
fiscal
year.
I
If
they
choose
to
do
so,
and
the
last
Revenue
category
is
interest
like
any
other
City
fund,
our
infrastructure
fund
earns
interest
on
its
cash
balance,
which
is
a
very
small
portion
of
the
fund's
overall
Revenue.
There
are
also
some
one-time
contributions
from
other
funds
or
year-end
accounting
adjustments
that
may
appear
in
this
Revenue
category.
From
time
to
time,
interest
earnings
will
vary
based
on
the
size
of
the
infrastructure
fund
balance,
as
well
as
current
interest
rates,
as
you've
probably
seen
in
the
news.
I
So,
let's
take
a
look
at
our
performance
from
the
2122
fiscal
year.
This
graph
shows
our
projected
revenue
of
17.7
million
on
the
left
versus
our
actual
revenue
of
19.9
million
on
the
right,
an
increase
of
nearly
11
percent
from
revenues
in
the
prior
year.
There's
a
lot
going
on
here,
so
I'll
take
a
minute
to
discuss
what's
happening
in
each
of
our
Revenue
categories.
First,
we'll
start
with
the
easy
one
that
green
section
of
the
bar
chart
represents
our
general
fund
maintenance
of
effort.
I
Now
that
little
yellow
area
is
our
interest,
slash
other
category,
and
you
may
be
wondering
why
that
chart
shows
a
negative
number,
which
is
exactly
what
I
asked
myself
when
I
first
review
the
results,
so
this
negative
642
000
actually
represents
three
numbers
netted
together
in
this
category,
first
fund
534
had
some
healthy
interest.
Earnings
about
four
hundred
thousand
dollars
due
to
its
growing
cash
balance.
I
Second
Public
Works
received
a
one-time
Grant
reimbursement
for
the
fiscal
year,
21-22
residential
Paving
program
in
the
amount
of
three
hundred
thousand
dollars
now
offsetting.
Those
two
revenues
is
a
negative
1.4
million
dollar
market
value
adjustment
that
was
made
by
our
accounting
staff
at
the
end
of
the
fiscal
year.
I
So
all
of
the
city
funds
are
pulled
together
into
essentially
one
big
pot
that
the
city
treasurer
invests
on
behalf
of
the
city
to
try
to
grow
our
assets
and
earn
interest.
Well,
like
everyone
else
who
had
investments
in
the
stock
market
last
year,
the
city's
portfolio
declined
in
value
by
about
18
million
dollars.
The
government
Accounting
Standards
boards
or
gasby
requires
that
we
book
any
investment
loss
or
gain
at
the
end
of
each
fiscal
year,
so
that
1.4
million
dollar
negative
adjustment
represents
fund
534
share
of
the
city's
18
million
dollar
loss.
I
But
it's
important
to
remember
that
this
adjustment
is
essentially
just
a
paper
loss.
The
city
and
its
funds
don't
realize
any
actual
gains
or
losses
until
such
time
as
the
treasurer
chooses
to
cash
out
those
Investments
that
she
has
so.
Lastly,
and
most
importantly,
let's
discuss
those
measure.
P
Tut
revenues,
which
are
represented
by
the
big
blue
section
on
the
chart
fund.
534,
is
50
share
of
Tut
revenues,
outperformed
Expectations
by
three
million
dollars
in
fiscal
year,
2122
increasing
by
nearly
23
percent
over
prior
year
revenues.
I
In
addition
to
Rising
revenues
with
the
airport
back
in
full
swing
and
once
again
purchasing
fuel,
while
it
is
great
for
our
revenues
in
the
short
term,
we
do
know
that
the
flip
side
of
inflation
is
that
it
also
impacts
the
cost
of
everything
we
buy.
So
we'll
need
to
be
mindful
of
that.
As
we
move
towards
developing
next
year's
budget.
I
Now,
let's
flip
to
our
fund
534
expenses,
as
you
are
probably
aware,
we
have
two
main
categories
of
budgeted
expenses
in
the
infrastructure
fund.
The
first
is
our
annual
maintenance,
which
is
reflected
in
the
materials
supplies
and
services
or
msns
portion
of
the
budget.
Both
Public,
Works
and
Park
and
Recreation
have
budgeted
maintenance
in
their
funds,
which
covers
any
routine
non-capital
work
such
as
plumbing
repairs,
electrical
HVAC,
Services
park
facility
and
ball
field,
maintenance,
tree
trimming
and
weed
abatement.
I
The
other
category
is
our
capital
budget,
which
is
determined
by
our
annual
Capital
Improvement
program
or
CIP.
Our
CIP
is
made
up
of
two
types
of
projects.
We
have
our
annual
or
recurring
CIP,
which
are
the
things
we
do
on
a
cyclical
basis,
like
Street
Paving,
roof
for
flooring,
replacement,
upgrading
irrigation
at
our
Parks,
replacing
playground,
equipment
or
any
other
types
of
Capital
Improvements
that
are
part
of
our
regular
routine.
I
Then
we
also
have
one-time
capital
projects
which
are
more
Standalone.
They
may
involve
building
a
new
facility
or
a
major
reservation
to
an
existing
facility.
The
city
yard
Services
building
or
the
Matson
Park,
restroom
and
multi-purpose
room
renovation
are
examples
of
projects
that
are
more
one-time
in
nature.
I
Our
maintenance
spending
represented
by
the
red
area,
was
at
about
98
of
budget,
which
is
right
on
target
for
where
you
expect
our
spending
to
be
at
the
end
of
the
year.
Our
Capital
spending
for
the
fiscal
year
was
just
shy
of
seven
million
dollars
compared
to
an
adopted
Capital
spending
plan
of
11.7
million.
I
should
note
that
this
report
includes
only
dollars
that
were
fully
expended
in
fiscal
year.
2122..
There
is
another
3.5
million
dollars
of
fund
534
that
were
awarded
or
encumbered
for
specific
projects
last
fiscal
year,
but
were
not
yet
actually
expended.
I
I
We
received
a
total
of
19.9
million
in
revenues
in
the
past
year
and
we
had
11.4
million
in
expenditures.
Additionally,
we
carried
over
another
18.2
million
in
existing
budgeted
capital
projects
into
the
new
fiscal
year.
This
left
us
with
a
balance
of
16.9
million
dollars
as
of
June
30
2021,
which
I
will
remind
the
board,
is
still
technically
an
unaudited
Financial
year-end
balance.
C
I
Sorry,
yes,
as
of
June
30
2022,
my
mistake,
so
we
can
take
that
16.9
million
dollars
that
we
ended
the
year
with
and
that's
our
beginning
balance
in
the
current
fiscal
year.
We
add
to
that
our
projected
2122
revenues
of
19.8
million
and
subtract.
Our
2122
adopted
fund
534
budget
of
18.3
million
Additionally.
You
will
remember
last
month
that
we
took
10
million
of
our
fund
balance
and
placed
it
in
a
reserve
for
the
Civic
Center
project
so
that
it
could
be
utilized
as
a
source
of
matching
funds
for
potential
grants.
I
After
taking
this
action,
we
are
still
left
with
a
projected
available
fund
balance
of
8.4
million
at
the
end
of
the
current
fiscal
year.
So,
overall,
our
Municipal
infrastructure
fund
is
in
a
very
healthy
Place,
leaving
the
city
well
positioned
to
continue
to
fund
all
of
our
routine
work.
In
addition
to
some
of
the
bigger
Capital
needs
that
are
on
the
horizon,
and
with
that,
let's
look
towards
the
future
of
our
five-year
forecast,
starting
with
revenues.
C
I
C
I
C
I
So,
let's
look
at
that
five-year
forecast
with
revenues.
The
two
columns
on
the
left
represent
the
last
two
fiscal
years
for
which
we
have
final
results,
followed
by
fiscal
year
2223,
which
is
our
current
budget
year.
The
remaining
columns
with
those
more
muted
colors
are
projections
for
the
next
five
years.
As
shown
on
the
chart.
We
expect
that
we'll
exceed
20
million
in
revenue
for
the
first
time
in
fiscal
year
2324,
and
we
expect
steady
but
conservative
growth
growth
in
each
subsequent
year,
increasing
to
about
23
million
in
fiscal
year
2728..
I
This
is
largely
driven
by
the
growth
in
our
measured
P
transactions
and
use
tax
shown
in
blue
after
truing
up
our
Tut
Revenue
estimates
to
reflect
last
year's
better
than
expected
results.
We
are
projecting
modest
growth
of
about
two
and
a
half
percent
per
year
in
the
remaining
years
of
our
forecast.
I
Now,
given
how
last
year's
revenues
outperformed
projections
by
nearly
3
million,
it
is
possible
that
our
future
projections
are
still
low
and,
as
such,
we'll
continue
to
con
track
actual
results
and
refine
our
forecast
throughout
the
year,
especially
leading
into
our
budget
development
period
flipping
over
to
expenses.
So
this
chart
shows
our
actual
spending
for
the
past
two
years.
Our
current
2223
budget
and
our
known
future
spending
out
through
27.28
the
red,
represents
our
maintenance
spending.
I
On
those
right
hand,
columns
represents
the
annual
funds
that
we
will
have
available
for
future
capital
projects
after
accounting.
For
all
of
our
annual
needs,
with
about
7.2
million
available
to
address
one-time
Capital
needs
in
the
upcoming
2324
budget,
a
growing
to
almost
8.3
million
in
2728
and
a
portion
of
these
funds
will
also
likely
be
the
source
of
future
recurring
expenses
for
the
new
Civic
Center
project
as
well.
I
So,
in
speaking
of
the
upcoming
budget,
let's
do
a
little
sneak
peek
of
what
the
board
can
expect
for
the
2324
CIP
budget
development
process.
We
estimate
that
we'll
start
the
year
with
an
8.4
million
dollar
fund
balance
in
fund
534,
which
does
not
include
that
10
million
dollars
sitting
in
the
Civic
Center
Reserve.
C
I
Right
now,
we
project
to
receive
about
21.4
million
in
total
revenue
for
23.24.
This
is
based
on
an
assumed
two
and
a
half
percent
increase
in
Tut
from
prior
year
actuals,
but,
like
I
mentioned,
we
may
update
those
projections
before
the
budget
cycle,
depending
on
how
Tut
performs
in
the
month
ahead
of
those
revenues.
We
assume
that
our
annual
maintenance
and
capital
spending
plan
will
take
up
about
14
million
14.2
in
budgeted
expenses.
I
This
leaves
us
with
about
7.2
million
and
available
for
one-time
CIP
projects,
not
including
that
available
fund
balance
of
8.4
million
that
we're
projecting
at
the
end
of
the
year,
so
there's
great
opportunity
to
put
together
another
ambitious
infrastructure
plan
for
next
fiscal
year,
while
still
retaining
the
ability
to
set
aside
funds
for
large
future
endeavors
like
the
Civic
Center
project
or
one
of
burbank's.
Many
other
Capital
needs.
I
Taking
a
look
at
the
timeline
for
our
budget
development
process
as
it
pertains
to
our
Capital
Improvement
program,
our
various
City
departments
will
submit
their
CIP
funding
requests
for
the
2324
fiscal
year
to
Public
Works
in
December.
Each
of
these
projects
will
be
reviewed
by
staff
and
given
a
prioritization
score
according
to
the
criteria
previously
established
by
this
board
and
then
matched
up
with
the
appropriate
funding
sources
to
develop
our
full
proposed
infrastructure
plan.
F
Thank
you
for
the
presentation.
It
was
very
informative,
especially
about
brackets,
because
I
I
learned
some
time
ago
from
my
stock
portfolio,
which
is
rather
small
about
this
thick
anyway.
That
brackets
are
not
a
good
thing.
The
question
about
the
prop
p,
calling
a
transaction
and
use
tax
and
we've
we're
raking
in
more
money,
which
is
a
good
for
the
city
because
of
the
economy
recovering
from
the
pandemic.
F
I
Yes,
well.
Internet
sales,
of
course,
is,
is
part
of
that
transactions
and
use
tax.
So
it's
it's
part
of
the
revenue
that
we
reported.
I,
don't
have
the
exact
numbers
off
the
top
of
my
head
about
what
we
did
in
internet
sales,
depending
on
what
you
order
from
the
Internet.
It's
categorized
in
different
ways.
The
the
way
our
sales
tax
is
reported
Us
by
different
categories,
for
example,
General
consumer
goods
is
one
category.
Obviously,
as
we
see
the
price
of
goods
Goods
rise,
that
includes
internet
sales
and
those
prices
rise
as
well.
I
Autos
and
transportation
is
another
category
food
in
hotels,
like
you
mentioned,
so
each
of
those
things
we've
seen
a
pretty
substantial
increase
across
the
board.
I,
don't
know
that
online
sales
is
necessarily
outpacing
any
of
the
others.
I
think
it's
almost
the
other
way
around,
because
we
saw
online
sales
Spike
during
the
pandemic
and
now
they've
kind
of
leveled
off
and
what
you're
seeing
is
the
restaurants,
the
in-store
shopping,
the
Autos.
The
few
tool
is
sort
of
catching
up.
I
should
include
business
as
well.
I
There's
been
a
lot
of
business
to
business
sales
that
were
sort
of
on
hold
during
the
pandemic
and
as
the
studios
and
all
of
our
many
businesses
in
Burbank
are
ramping
up
activity.
We're
seeing
increases
in
sales
tax
revenue
from
those
items
as
well.
So
it's
really
an
across-the-board
increase.
Of
course
we're
very
pleased
about
that,
but
we
also
realize
that
you
know
20
annual
increases
are
not
sustainable,
which
is
why
I'm,
you
know
not
forecasting
that
we're
going
to
continue.
At
that
rate.
I
A
I
Yes,
we
have
surpassed
pre-pandemic
levels
in
both
the
Tut
and
in
traditional
sales
tax
wow,
that's
great,
so
that
we
never
saw
much
of
a
dip
in
the
transactions
and
use
tax
and
I
think
that's
just
because
of
the
strength
of
online
sales
and
how
all
of
the
tut
from
online
sales
made
in
Burbank
stays
here
in
Burbank,
so
that
sort
of
boosted
that
Revenue
stream,
whereas
sales
tax,
has
took
a
bit
of
a
dip.
And
but
of
course
now
is
back
and
yes,
we've
surpassed
pre-pandemic
levels,
wow.
A
I
A
Yes
and
then
during
that
part
of
the
presentation,
you
also
mentioned
the
Investments,
and
you
alluded
to
that-
we
haven't
the
investment,
but
what's
not
it's
paper,
it's
on
paper
only
because
it's
really
tucked
in
there
until
the
treasurer
decides
to
pull
it
out
for
use.
What
would
be
an
occasion
that
that
would
happen
has
it
happened
and
what?
What
would?
How
would
that
happen?
I.
A
I
Majority
of
the
treasurer's
funds
are
invested
in
life
or
in
things
that
are
much
more
conservative.
We
don't
put
a
hundred
percent
of
the
city's
funds
in
the
market
or
in
any
one
place.
You
would
never
do
that
when
you're
investing
assets
regardless,
so
we
have
this
giant
cash
portfolio.
That's
made
up
of
all
of
the
funds
together
and
what
it
increases
in
value.
I
We
get
a
positive
market
value
adjustment
that
we're
required
to
make
at
the
end
of
the
year
and
when
it
decreases,
we
get
a
negative
so
really,
every
year,
there's
some
amount
of
adjustment,
but
it's
going
to
be
different
from
year
to
year,
depending
on
how
the
markets
do.
I
can
tell
you
that
the
market
value
adjustment
for
the
year
before
I
don't
have
the
number
off
the
top
of
my
head,
but
it
was
greater
than
the
1.4
million
loss
we
experienced
this
year.
I
A
Yeah
great,
thank
you
moving
a
little
down
a
bit
comparing
20
21
22
fiscal
year
and
the
20
2023
I'm
just
curious.
Why
you
expect
there's
a
slight
dip
in
expected
revenue
for
the
second
year,
I'm,
just
curious,
what
it's
a
small
dip.
So
it's
really
not
that
significant,
but
I'm
just
curious,
why
it
changed
downward
rather
than
upward.
I
That's
a
great
question.
So
when
we
do
our
budget
for
the
current
fiscal
year,
we
make
our
projections
based
on
a
percentage
increase
from
the
prior
year.
So,
as
you
know,
our
prior
year
projections
were
17.7
million
in
Revenue,
so
we
took
that
17.7
projected
a
healthy
growth
on
top
of
that
and
that's
what
we
assumed
we
would
receive
for
21.22,
so
that
budget's
already
adopted
in
May,
then
at
the
end
of
June.
I
When
we
look
at
our
actual
revenues
for
the
prior
fiscal
year,
we
see
that
they
came
in
higher
than
we
even
projected
in
the
current
year.
So
probably
at
some
point
during
this
current
fiscal
year,
we'll
go
back
to
council
and
adjust
those
Revenue
projections
for
this
year
up
a
little
bit
more
because
we
know
we're
low
right.
We
projected
19.8
and
we
already
received
19.9
in
the
prior
year.
So
we'll
want
to
true
that
up
a
little
bit
during
the
course
of
the
year,
but
as
you
note
from
the
chart,
it
says
budgeted.
I
A
I
Should
not
so
that
26.6
was
a
pretty
big
exception?
Okay
and
that's
because
everything
stopped
as
a
result
of
the
pandemic.
Your
total
budget
for
the
fund
is
only
18
million
roughly
per
year,
so
a
26.6
million
dollar
fund
balance
basically
means
we've
chosen
not
to
expend
any
of
our
revenues
or
appropriate
any
of
our
revenues,
because
we
didn't
know
what
was
going
to
happen
with
the
pandemic
on
the
horizon
right,
we
budgeted
very
little
in
that
year
and
we
assumed
a
bigger
Revenue
loss
than
we
actually
received.
I
So
we
we
have
that
26
million,
but
then,
of
course,
you
know
we
carried
over
all
the
existing
projects.
We
then
went
and
did
a
normal
budget
as
we
should
be
doing
and
and
ended
with
a
16.9
million
dollar
fund
balance,
of
course,
had
it
not
been
for
the
10
million
that
we
set
aside
for
the
Civic
Center,
our
fund
balance
would
have
been
18
million
right,
so
it
grew
from
year
to
year,
which
is
still
very
good.
So
an
eight
point:
an
eight
million
dollar
fund
balance
for
a
budget.
I
That's
only
18
million
dollars
per
year
is
pretty
substantial
by
comparison.
You
know,
if
you
look
at
the
general
fund,
your
fund
balance
is
gonna,
you're
lucky
if
it's
going
to
be
10
or
20
percent
of
the
total
budget,
so
we're
in
a
very
good
place
with
fund
534.
The
balance
is
growing
on
an
annual
basis,
which
is
great.
We
have
yet
to
have
a
year
where
we've
expended
more
than
we
received
in
revenues,
so
that
balance
will
continue
to
grow
and
that's
what
it's
there
for
right
for
the
future.
Capital
needs
of
the.
A
A
You
know,
mixed-use
buildings
and
I'm
sure
there
would
be
more
to
follow
because
of
our
housing
needs
right,
and
that
also
includes
business
and
more
sales
tax,
potentially
from
those
businesses
and
I'm
wondering
if
that
is
that
factored
in
is
that
growth
of
our
city,
population
and
potentially
business
growth
as
well
factored
into
this
projection
forward
and
those
potential
sales
tax
increases
are.
Are
you
waiting
to
see
until
things
kind
of
shape
up
before
you
add
them
in.
I
So
yes,
and
no
business
growth
doesn't
impact
sales
taxes
as
much
as
other
things.
So
when
we're
talking
about
housing
developments
or
or
new
developments
in
this
city,
that
really
impacts
property
tax,
quite
a
bit
right
because
we're
increasing
the
value
on
all
of
these
properties
in
which
we
build
those
developments.
So
we'll
see
that
there
in
the
forecast,
when
we
look
at
our
overall
general
fund
forecast
with
sales
tax,
it's
really
iffy
right
because
it
depends
on
the
price
of
goods.
I
It
depends
on
sort
of
consumer
spending,
so
we
kind
of
landed
at
that
two
and
a
half
percent.
You
know,
assuming
that
we're
going
to
see
some
economic
growth,
but
also
tempering
for
the
fact
that
it's
very
well
that
prices
could
stabilize
I
I'd
be
surprised
if
they
came
back
down,
but
that
it's
likely
that
prices
will
stabilize
as
inflation
comes
to
an
end,
people
will
get
more
conservative.
You
know
we
hear
lingering
about
the
recession
about.
Are
we
entering
a
potential
recession?
I,
don't
know!
If
that's
the
case.
I
Typically,
you
don't
know
until
you're
already
a
few
months
into
one,
so
we're
sort
of
tempering
those
expectations
and
kind
of
Landing
somewhere
in
the
middle
with
sales
tax.
But
you
will
see
growth
in
other
categories,
as
the
city
adds
population
or
develops
housing
and
those
sorts
of
things
great.
A
A
C
J
Good
evening,
chair,
Takahashi
members
of
the
board
who,
in
Han
with
Public
Works
tonight,
I
had
before
you
the
PD
fire
headquarter
flooring
project
update.
The
purpose
of
this
presentation
is
to
address
some
questions
that
were
brought
forth
by
the
board
members
regarding
the
costs
associated
with
this
project.
J
The
goal
of
this
presentation
is
to
review
the
cost
breakdown
to
a
total
project
budget
due
to
the
sensitivity,
sensitive
nature
of
the
building.
Detailed
information
of
the
building
cannot
be
shared
with
the
public,
but,
however,
I
can
give
some
general
information
regarding
the
building
and
how
the
project
was
put
together.
J
J
The
average
unit
cost
to
resurface
the
floors
of
7.25
cents,
the
total
construction
cost
based
on
the
square
footage
and
the
unit
cost
comes
out
to
be
872
thousand
dollars.
494
dollars,
sorry
with
the
anticipated
inspection
cost
of
nearly
seventy
thousand
dollars,
thus
making
the
total
project
cost
close
to
950
000
dollars.
J
The
average
unit
cost
at
7.25
includes
not
only
material
but
also
demolition.
Night
work,
that's
associated
with
the
project
and
the
cost
for
night
work
is
usually
higher.
The
project
is
being
phased,
so
the
the
cost
will
go
up
with
that
also
and
staff
relocation,
which
may
require
temporary
workstations
nit
support
and
due
to
the
sensitive
nature
of
the
24
7
operations,
we
may
consider
we
are
in
count.
We
may
we're
anticipating
some
unforeseen
conditions
that
we're
going
to
run
into
during
construction.
J
So
as
as
a
result,
a
20
contingency
has
been
built
into
the
unit
cost
and
the
full-time
inspector
is
required
at
all
times
during
construction
for
security
reasons.
So
we
can't
have
the
contractor
kind
of
roaming
around
on
the
site
by
themselves
and,
lastly,
the
contractor
will
be
allowed
will
only
be
allowed
to
remove
the
material
they
can
replace
in
a
given
work
period.
So,
whatever
they're
going
to
do
that
night,
whatever
they
remove,
we
have
to
make
sure
they
put
it
back.
J
J
In
Prior
years,
appropriation
of
350
000
is
from
fund
five
I'm
sorry
fund,
370
general
fund
of
this.
Ninety
seven
thousand
one
hundred
and
eighty
six
dollars
have
been
spent
to
date
on
carpet,
cleaning
and
for
floor
condition,
assessment
study
to
determine
the
four
conditions
and
how
we're
going
to
phase
the
the
work
out
there.
We
have
252
814
of
the
350
000
available.
The
total
project
budget
required,
as
I
stated
earlier,
is
approximately
950
000.
Based
on
these
numbers.
We
need
additional
six
hundred
and
ninety
thousand
dollars
to
complete
this
project.
J
F
Thank
you,
madam
chair,
and
thank
you
Mr
Hahn,
for
making
this
presentation.
I
I
think
I
probably
been
questioning
this
expenditure.
The
most
than
my
colleagues
I
I,
looked
in
my
file
of
our
prior
meetings
and
back
in
February
and
March
the
capital
Improvement
project
request
for
this
States.
The
project
description
is
a
four-phase
project
that
will
probably
approximately
10
000
Square
Fleet
of
flooring
and
so
I
use
that
number
against
these
cost
and
came
up
with
you
know
an
astronomical
over
a
hundred
dollars
a
square
foot.
F
However,
in
the
report
that
you
presented
to
us
today,
you
say
that
the
building
consists
of
approximately
112
000
square
feet,
so
I
I
assume
this
the
the
building
hasn't
grown,
but
that
what
we
had
back
in
February
on
this
Capital
Improvement
list,
possibly
was
was
not
accurate.
Is
that
what
happened
that.
F
F
Well,
then,
that
pretty
much
explains
you
know
my
concern.
If
you
factor
it,
you
know
10
times
this
area
divided
by
the
cost.
I
do
have
a
question
you
reported
you
talk
about.
The
engineer's
estimate
for
forward
replacement
is
872
thousand
dollars.
Who
is
the
engineer
that
made
this
estimate?
This
is
in-house.
Is
a
member
of
Staff?
That's
a
cost
estimator,
or
is
it
an
outside
consultant,
or
do
you
have
a
big
dart
board
in
your
office
that
you
come
up
with
these
numbers?
F
J
So
the
study
that
was
put
together
that
actually
helps
the
the
architect
that
put
the
study
together,
put
some
dollar
file
values
to
the
material
based
on
that
they
didn't
really
consider
all
the
coordination
effort,
relocation
of
staff
and
the
other
part
of
it,
the
so
based
on
our
experience.
So
we,
as
far
as
the
the
estimate
it
was
put
together
in-house,
based
on
our
expertise
and
and
our
experience
of
work
and
what
it
may
require
as
far
as
the
workload,
so
that's
kind
of
the
we
looked
at
the
actual
cost
of
the
material.
F
So
so
we
do
have
on
staff
people
who
have
the
expertise
to
come
up
with
these
numbers.
For
this
and
for
the
other
projects
we
have
okay,
I
find
that
good
to
go
I
mean
just
in
a
personal
note.
My
father
was
a
cost
estimator
for
the
bank.
America
and
people
come
in
wanting
millions
of
dollars
for
building
something,
and
he
would
go
over
the
plans
and
look
at
the
you
know
specs
and
come
up
with
a
figure
that
he
thought
was
reasonable
and
then
they
would
go
further
on
that
negotiation
board.
C
Member
Jackson,
through
the
chair,
may
I
it's
a
great
question
and
very
briefly
to
provide
some
information
for
the
board
and
for
the
public
two
things.
One.
Every
staff,
member
within
public
works
or
engineering
division
have
different
levels
of
experience
and
expertise
and
capital
Improvement
project
backgrounds,
so
the
projects
that
are
assigned
are
appropriate
to
the
level
of
experience
of
the
engineer.
Some
are
very
complex
and
those
go
to
our
senior
staff.
C
Some
are
more
routine
or
easy
to
negotiate
if
you
will,
as
far
as
takeoffs
and
cost
estimates,
so
we
have
different
plans
for
every
type
of
project
and
the
other
part.
The
level
of
the
cost
estimate
depends
on
what
level
or
what
part
of
the
project
we
are
in.
If
we're
in
a
high
level,
like
first
planning,
first
flush
of
scope
of
work,
this
could
be
a
good
example
of
I.
Don't
know
if
this
happened
but
hey
we
want
to
refloor
the
entire
PD
building.
C
What
do
you
think
an
estimate
is
so
we'll
pull
a
number
and
try
and
program
it
to
make
sure
sure.
That's
in
the
program
in
a
conservative
estimate
with
a
large
contingency
and
as
we
go
through
the
process
where
we
identify
the
logistics
of
things,
we
iron
out
that
cost
estimate
over
the
course
of.
However
long
it
takes,
could
be
fiscal,
multiple,
fiscal
years
like
this
project.
Until
we
have
what
could
be
called
a
Class
A
estimate
where
we
have
a
10
contingency,
we
know
the
exact
square
feet.
C
We
have
all
these
outside
of
just
time.
Materials
issues
in
PD,
for
example,
ironed
out,
so
that
two-pronged
approach
of
the
right
staff
assigned
with
the
right
expertise
and
ironing
out
the
specificity
of
the
cost
estimate
as
we
go,
is
definitely
something
we
do
and
and
perhaps
it's
something
we
can
talk
about
as
we
go
through
our
development
of
the
capital
program.
This
coming
year,
yeah.
J
And
the
challenge
with
when
we're
budgeting
for
a
project
is
because
we
don't
have
a
design,
so
we're
kind
of
anticipating
the
work.
That's
going
to
be
required
to
do
the
work,
so
the
project
manager
as
we're
putting
numbers
together.
We
kind
of
have
to
try
to
build
a
project
in
on
paper
and
see
how
it's
going
to
go
and
the
flow
of
it
what
it
might
take
like
I
shared
with
the
earlier
the
20
contingency,
is
because
there
are
a
lot
of
unknowns
for
this,
because
it's
a
24
7
building
the
coordination
effort.
J
We
don't
quite
understand
exactly
what
that's
going
to
tell
you
yet,
but
once
we
get
in
there,
I
think
we
have
a
better
understanding
of
what
it's
going
to
take.
So
when
we
come
back
in
February
all
the
projects
when
we're
budgeting
so
one
of
the
requirements,
what
were
the
project
managers
when
we're
budgeting
for
where
they
have
to
build
it
out
on
paper
kind
of
think
through
the
process?
What
is
it
going
to
take
to
actually
budget
for
that?
And
it
is
a
challenge.
It's
something
I
think
most
people
have
a
when
I.
J
Actually,
first
started
in
capital:
I
had
a
hard
time
grasping
it.
My
supervisor
said:
hey
put
a
project
budget
together
and
I'm
like
how
do
I
do
that?
I
don't
have
a
plan.
How
do
I
do
the
takeoff,
and
so
it's
it's
kind
of
a
it's
a
process
that
we
have
to
develop
and
learn.
So
it's
something.
So
it
is
a
challenge.
So
we
do
the
best
that
we
can,
but
when
we
actually
go
bid
it
out,
then
we
as
the
project
develops
and
moves
along.
We
get
a
better
idea.
F
Okay,
just
one
final
coming,
I
appreciate
that
and
my
comfort
level
has
increased
dramatically.
I
mean
Mr,
Brennan
and
I
served
on
the
school
bond
oversight
committee
for
a
number
of
years,
and
as
we
got
into
the
process,
we
learned
quite
to
our
at
least
my
surprise
and
I
think
also
Mr
Brennan's,
that
the
numbers
have
initially
put
forward
to
the
voters
on
on
the
different
improvements.
F
We're
not
very
refined,
I
mean
the
school
officials
or
you
know,
teachers,
administrators
and
you
know,
but
they
didn't
necessarily
have
the
expertise
to
come
up
the
numbers.
But
now
what
I
hear
this
evening
makes
me
you
know
more
comfortable.
Thank
you
very
much
and
I
think
my
colleagues
also
have
questions.
J
Yes
actually
I
would
agree.
It
is
high,
but,
like
I
said
because
of
the
the
facility,
it's
a
24
7
facility,
it's
an
infill
project.
So
it's
we
don't
know
what
to
expect.
I
think
we're
going
to
be
a
lot
of
unfortunate
conditions,
situations
that
we
have
to
deal
with.
One
other
thing
is
the
jail
I,
don't
know
exactly
how
we're
going
to
resurface
that,
because
it's
an
operation
jail
that
needs
operates
24
7.,
it's
not
like.
We
could.
So
that
part.
We
haven't
even
really
figured
out
out
the
details
of
that.
C
E
G
To
eight
different
types
of
flooring
to
be
worked
out,
which
is
great
to
know
that,
there's
that
many,
then
the
question
is
presumably
you're
going
to
you're
going
to
have
contractors
been
on
this
project.
Maybe
a
general
with
subcontractors
can
do
each
of
the
seven
Concepts
you
have
here,
which
brings
to
mind
who's.
Writing
the
specifications
for
the
contractors
to
bid
on.
J
So
the
the
first
phase
right
now
we
have
a
the
procurement
process,
is:
what's
it's
called
a
Cooperative
agreement
contract?
What
the
city
is
going
to
do
is
piggyback
off
an
existing
contract.
Another
agency
has
used
so
so
we're
in
the
process
of
executing
the
contract
with
the
material
supplier
and
then
they're
going
to
bring
in
a
contractor
and
then
we're
going
to
coordinate
with
them
for.
J
C
Yes,
sir,
the
the
job
order,
Contracting
is
something
that's
used
by
many
cities
and
it's
a
great
way
to
do
something
that
is
simple
and
routine
like
flooring
and
also
gain
the
benefit
of
the
bids
from
the
economy
of
scale,
because
we're
basically
partnering
with
other
agencies.
So
our
relatively
small
flooring
project
becomes
a
very
big
project
and
that's
the
way
the
contractors
bid
on
it's
almost
like
a
a
city
conglomerate
on-call.
G
G
J
J
I,
don't
know
how
many
agencies
per
se,
but
it's
say
it's
a
I'm,
not
really
I,
don't
know
the
the
details
of
the
Cooperative
agreement.
It's
something
that
purchasing
is
going
helping
us
procure
and
our
city
purchasing,
I,
gotta,
say
they're,
pretty
pretty
good
about
making
sure
the
City
of
Burbank
gets
the
best
price
and
in
the
guest
contract
they
work
with
us
with
public
works,
and
we
get
a
lot
of
hand
slapped
a
little
bit
back.
J
D
J
Together
several
years
ago,
so
it's
hasn't
been
updated,
but
I
would
say
the
information.
Is
there
pretty
thorough,
but
I
can't
really
shirt?
It's
has
a
little
bit
too
much
information
on
there
like
the
fraud
plan
and
everything.
So
it's
not
something
I
could
share
with
the
general
public
but,
like
I,
said,
there's
a
lot
of
unknown
in
this
this
project
because
of
the
sensitivity
of
the
the
building
itself.
So
once
we
get
going,
I
think
we're
going
to
get
a
really
good
idea
of
how
it's
going
to
flow.
J
G
J
We're
not
working
with
other
agencies
in
this
project.
In
the
sense
the
the
the
I
I
feel
like
if
I
get
into
try
to
explain
the
Cooperative
agreement,
I
think
I'm
going
to
probably
butcher
it.
Maybe
we
need
to
come
back
one
day
and
you
know
maybe
go
over
through
the
process.
Invite
a
purchasing
representative
to
kind
of
go
over.
That.
G
J
J
No
I
understand
what
you're
saying
as
far
as
the
you
know:
The
Cooperative
agreement,
it's
something
new
for
me.
Also
with
this
agency
I
know
that
there
are
more
agencies
getting
involved
in
in
contracts
like
this.
It
does
help
expedite
and
it
actually
gives
us
probably
a
better
unit
price.
Also
so,
overall,
it's
a
win-win,
so,
like
I
said,
I
think
I
think
the
more
I
try
to
explain
it,
I'm
sure
I'm
going
to
butcher
it.
G
J
A
Questions
any
other
comments
or
questions
you
answer.
You
asked
all
the
questions
I
had
to
use.
Thank
you
so
much
for
this
presentation
and
this
breakdown.
It
was
an
item
that
Mr,
Jackson
I
believe
was
asking
for,
and
that
was
and
so
I
appreciate.
We
appreciate
you
bringing
it
in
and
explaining
and.
D
A
You
know
I
think
periodically
having
this
kind
of
detailed
discussion
about
different
projects
is
helpful
as
well,
for
the
exact
reason
that
Mr
Brennan
was
asking
questions
about
procurement
and
and
Cooperative
agreements
that
comes
out
of
these
discussions
about
the
particular
project.
So
I
appreciate
you
bringing
in
examples
and
walking
us
through
each.
You
know
kind
of
over
time,
walking
us
through
the
different
ones
that
it's
helpful
for
us
and
the
public
I
think
to
understand.
A
A
C
Madam
chair
board
members,
as
you
just
mentioned,
are
November
and
December
meetings.
Given
the
last.
The
fourth
Thursday
of
the
month
is
Thanksgiving
in
November,
and
this
year
also
around
Christmas
I
was
looking
to.
While
staff
sets
the
meeting
schedules.
We
wanted
confirmation
with
you
that,
like
the
last
couple
of
years
that
seemed,
if
I'm
doing
it
right
here,
the
second
Thursday
seemed
to
have
worked.
So
that's
why
December
8th
is
suggested
for
the
board
to
consider.
A
A
All
right,
thank
you
all
right,
so
we're
moving
on
to
H,
introduction
of
additional
items
and
into
items
and
to
note
that
we
already
have
a
few
coming
up
in
our
November
December
meeting.
It's
slated
to
talk
about
the
upcoming
brt
bus,
Rapid,
Transit
project
that
was
mentioned
by
our
speaker
earlier
and
then
a
first
and
second
quarter
report.
So
does
anyone
have
any
items
that
they
would
like
to
request
to
add
additional
agenda
items.
A
About
part
of
the
presentation
by
Miss
Becker
was
the
calendar
of
our
budgeting,
and
she
mentioned
that
in
December
and
January
and
February
is
when
the
staff
comes
together.
Different
departments
come
together
and
you
hash
out
your
internally,
your
projects
that
you'll
be
presenting
in
the
budget
infrastructure,
budget
projects
and
I'm
wondering
if
maybe
in
December,
if
we
could
add
December
November,
add
a
an
agenda
item
for
us
as
a
a
body
to
be
able
to
present
items
from
the
unfunded
list
that
we
would
like
for
you
potentially
to
consider
to
discuss
internally
first.
A
So
that
way,
it's
discussed
amongst
you
in
that
meeting,
rather
than
waiting
until
we
get
the
proposed
list,
and
then
we
say
well
what
about
XYZ?
Why
wasn't
that
discussed?
So
if
we
get
ahead
of
it
and
ask
in
December
January
November
December
meeting
and
just
let
you
know
which
ones
we're
interested
in
hearing
more
about
and
possibly
adding
to
the
list,
and
then
you
can,
let
us
know
where
that
you
know
in
the
later
on
what
you
thought
when
you
considered
it.
C
Yeah
Madam
chair
board
members.
What
we
can
do
is
You
Might
Recall.
We
did
prioritize
that
list
in
a
category.
One
two
three
correct
so
could
be
helpful
to
have
you
go
over
the
list
and
when
we
have
our
discussions
with
the
Departments,
because
they
also,
of
course
look
at
the
list,
it
will
be
good
for
them
to
have
your
feedback
in
advance.
A
Perfect
great,
thank
you
all
right
and
pending
okay,
so
anything
else
for
additional
additional
agenda
items.
Okay,
great,
so
we
have
a
pending
agenda
items
in
November,
December
I
mentioned
earlier
I
also
in
for
the
future,
does
a
hold
a
workshop
to
discuss
and
further
define
the
role
of
the
iob.
That's
still
on
here,
I,
don't
know
we
haven't
discussed
this
in
a
while.
Is
this
still
a
pending
agenda
item?