Summary of Final Add/Delete Work Session
The attached worksheet reflects the decisions made by City Council at the Monday, April 30, 2018 final add/delete budget work session. As detailed in the table below, the result of these decisions is a General Fund budget of $748,426,936 to be adopted at the Thursday, May 3, 2018 special legislative meeting. General Fund expenditures increase $20.3 million or 2.7% over the FY 2018 Approved Budget and $6.2 million over the City Manager’s FY 2019 Proposed Budget. The $6.9 million increase in City Operations includes the $4.75 million of additional revenue from the Meals Tax which will be budgeted as a transfer to the Affordable Housing Fund and used to create an affordable housing project in the CIP. It also includes additional funding of $2.1 million for the public safety pay contingency, increasing the total to $3.6 million for FY 2019. A full list of all Add/Delete items can be found in Attachment 1, FY 2019 Final Add/Delete Worksheet.
As noted in Attachment 1, funding for the proposed Public Private Partnership (P3) position in the City Manager’s Office has been placed in Contingent Reserves to allow further discussion regarding role of the position.
Additionally, the final add/delete work session has an impact on the Capital Budget. As detailed in the table below, the result of the decisions is an FY 2019 Capital Budget of $199.6 million, an increase of $4.8 million from the City Manager’s Proposed Capital Improvement Program (CIP). This increase reflects the additional $4.75 million from the Affordable Housing Fund transfer to the CIP as well as an adjustment to the King Street Metrorail Station project (-$7,294).
The FY 2019-2028 CIP totals $2.2 billion, an increase of $50.4 million from the City Manager’s Proposed CIP. This increase assumes $4.75 million in the first year with an annual growth of 1.32% for each subsequent year for a total of $50.4 million for the Affordable Housing Fund CIP project. The FY 2019 Capital Budget and FY 2019 to 2028 Capital Improvement Program will also be adopted at the Thursday, May 3, 2018 special legislative meeting.
 Memo and table revised on May 2, 2018 with one change to the Transportation CIP Program Budget Summary. Originally the table depicted the addition of $0.3 million in the Add/Delete column for FY 2019 Only and FY 2029-2028 related to the addition of $340,000 for the Complete Streets project. This item was included in error and was not necessary during technical adjustments or part of the add/delete process.
Attachment 1 – FY 2019 Final Add/Delete Worksheet