TABLE OF CONTENTS
Executive Summary 1
Forecast and Graphs
Financial Forecast – General Fund 3
Revenue & Expenditure Comparison Graph 5
Assumptions
General Fund Financial Forecast: Summary of Major Assumptions 6
General Fund Balances 12
Reserved for Capital Projects/ Carry Forwards 13
Revenues
Detailed Five-Year General Fund Revenue Forecast 14
Property Tax Estimates 17
Historical Analysis of Median Home Values 18
Oceanside and San Diego County: Historical Home Foreclosures 19
Estimated Sales Taxes by Category 20
Comparison of Transient Occupancy Tax 21
Comparison of Parking Citations 22
Pooled Investments Earnings Rate 23
State Mandate - Reimbursement Programs 24
Expenditures
Budgeted and Projected Personnel Costs Summary– General Fund 25
Memorandum of Understanding Contract Dates 26
Budgeted Positions within Bargaining Units 27
PERS Cost - Employer and Employee’s Contributions 32
Annual City Pension Costs - All Funds 33
PERS Contribution Projections - Miscellaneous 34
PERS Contribution Projections - Safety 36
Budgeted and Projected Personnel Costs Detailed – General Fund FY 09-15 38
Vacancy Report 44
Employees per Capita 45
Employees per Capita Chart – General Fund only 46
Public Safety Employees per Capita Chart 47
General Fund Financial Forecast: Executive Summary
September 2009
PURPOSE OF THE FORECAST
The financial forecast takes a forward look at the City of
Oceanside’s General Fund revenues and expenditures. Its
purpose is to identify financial trends, shortfalls, and issues so
the City can proactively address them. It does so by projecting
out into the future the fiscal results of continuing the City’s
current service levels and policies, providing a snapshot of
what the future will look like as a result of the decisions made
in the recent past.
If the results are positive, the balance remaining is available to
fund “new initiatives;” if negative, it shows the likely “budget
gap.”
The National Advisory Council on State and Local Budgeting
(NACSLB) has endorsed the forecasting of revenues and the
forecasting of expenditures in their Recommended Budget
Practices.
It is important to stress that this financial forecast is not a
budget, nor is it a proposed financial plan for achieving City or
Council objectives.
SUMMARY
Our nation and state is experiencing a recession and local
economists from Burnham-Moores Center for Real Estate
(University of San Diego), Anderson School of Management
(University of California @ Los Angeles), and Beacon
Economics foresee a weak recovery over the next several
years. What started as a problem related to real estate,
spread into the financial system. Problems in the housing and
financial markets in turn have impacted the rest of the
economy, including retail and auto sales, home sales, loss of
jobs, and an overall decline in the consumer confidence index
for San Diego County.
Recovery is a given, but the big question is when. “The grim
economic numbers that have been emerging in recent months
have little to do with home foreclosures, credit market
lockdowns, or irrational financial markets. Instead they have
everything to do with the U.S. consumer getting their spending
back in line with their income and dealing with years of
excessive debt accumulation,” (Beacon Economics, April
2009).
The impact of our national and state economy has hit the City
of Oceanside. Property taxes, formerly a stable and reliable
source of revenue with positive growth for the City, are
experiencing a decline for the first time in over 25 years.
Residential property values have been “rolled back” to 2003
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levels, and we can expect to see stagnant property values for
the next several years.
All other City revenues are forecasted to remain stagnant over
the next several years, including sales taxes, hotel taxes,
developer-related fees and permits, investment earnings,
rentals and leases, etc.
The following table shows the projected percentage change in
the General Fund revenue, with an additional decline of 4.3%
in FY 09/10 and 1.0% for FY 10/11. Year 2-5 assumes a flat
economy with some minor increases.
Percentage Change in Annual Revenue from Prior Fiscal Year
Adopted FY
09/10
Proposed FY 09/10
Year 1 10/11
Year 2 11/12
Year 3 12/13
Year 4 13/14
Year 5 14/15
-2.5% -4.3% -0.9% No
change 1.2% 1.1% 3.2%
Without further budget adjustments or corrections, a deficit for
the remainder of FY 09/10 and FY 10/11 is projected at
approximately $9.7 million, and will continue to grow annually.
The “budget gap” between revenues and expenditures is 5%
in FY 09/10 and grows as high as 16+% in Year 4.
KEY POINTS
• The financial forecast does not address any future
adverse budget impacts from State or Federal actions
(beyond the State’s July 28th budget adoption).
• Staffing and operational costs for new CIP projects
and/or services are not included in the financial
forecast. The City is moving ahead with the El
Corazon project and future costs and funding will have
to be identified for staffing, operational, and
maintenance costs.
• The City Council is scheduled to hold a budget
workshop on September 30th to address policy
decisions that could affect future budgets and
forecasts.
• The financial forecast will be updated on a bi-annual
basis to accommodate adjustments in economic
trends.
2
CITY OF OCEANSIDE
FINANCIAL FORECAST - GENERAL FUND
Based on Approved FY 09/10 Budget
PROPOSED PROJECTED PROJECTED PROJECTED PROJECTED PROJECTED
Revised Year 1 Year 2 Year 3 Year 4 Year 5
FY 09/10 FY 10/11 FY 11/12 FY 12/13 FY 13/14 FY 14/15
REVENUES
Property Taxes 46,357,500 45,880,100 45,888,100 46,868,600 47,869,800 48,975,400
Sales & Use Taxes 18,436,600 18,436,600 18,436,600 18,607,400 18,737,800 20,691,700
All Other Taxes 12,132,700 12,132,700 12,132,700 12,179,800 12,231,800 12,528,400
Licenses & Permits 747,500 747,500 747,500 747,500 747,500 747,500
Fines & Forfeitures 4,217,000 4,217,000 4,217,000 4,217,000 4,217,000 4,217,000
Use of Money & Property 5,393,000 5,393,000 5,393,000 5,393,000 5,393,000 5,393,000
Intergovernmental 1,221,900 896,900 896,900 896,900 896,900 896,900
Charges for Services 8,887,200 8,887,100 8,887,200 8,887,100 8,887,200 8,887,100
Interfund Transfers 14,914,400 7,050,000 7,050,000 7,050,000 7,050,000 7,050,000
Other Revenues 303,000 221,000 221,000 221,000 221,000 221,000
A) Total Revenues 112,610,800 103,861,900 103,870,000 105,068,300 106,252,000 109,608,000
FIVE-YEAR FORECAST
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CITY OF OCEANSIDE
FINANCIAL FORECAST - GENERAL FUND
Based on Approved FY 09/10 Budget
PROJECTED PROJECTED PROJECTED PROJECTED PROJECTED
APPROVED Year 1 Year 2 Year 3 Year 4 Year 5
FY 09/10 FY 10/11 FY 11/12 FY 12/13 FY 13/14 FY 14/15
EXPENDITURES
B) Personnel - Wages & Benefits 75,002,100 76,709,700 78,454,000 81,526,500 85,052,600 86,008,400
B) Personnel - Overtime, Extra Help, Other 7,779,100 7,779,100 7,779,100 7,779,100 7,779,100 7,779,100
B) Personnel - Vacancy Factor (2,000,000) (1,500,000) (1,500,000) (1,500,000) (1,500,000) (1,500,000)
Subtotal Personnel Costs 80,781,200 82,988,800 84,733,100 87,805,600 91,331,700 92,287,500
D) Maintenance & Operations 9,456,500 9,598,300 9,742,300 9,888,400 10,036,700 10,187,300
E) Capital Outlay - - - - - -
C) Debt Service 541,300 541,300 541,300 541,300 541,300 541,300
Interfund Service Charges/Transfers
B) Interfund Personnel - Wages & Bens 3,718,800 3,830,400 3,945,300 4,063,700 4,063,700 4,063,700
B) Interfund Personnel - OT/Xtra/Other 97,000 97,000 97,000 97,000 97,000 97,000
D) Interfund O&M 8,688,400 8,818,700 8,951,000 9,085,300 9,221,600 9,359,900
C) Interfund Debt Service 2,078,000 2,109,200 2,140,800 2,172,900 2,205,500 2,238,600
C) Interfund PERS Debt Service 2,595,600 2,699,400 2,807,400 2,919,700 3,036,500 3,158,000
E) Interfund General Admin 7,688,900 - - - - -
E) Cost Sharing/Fund Transfers 2,532,700 2,532,700 2,532,700 2,532,700 2,532,700 2,532,700
E) GASB 45 - 369,000 369,000 369,000 369,000 369,000
Total Expenditures 118,178,400 113,584,800 115,859,900 119,475,600 123,435,700 124,835,000
Surplus/(Shortfall) (5,567,600) (9,722,900) (11,989,900) (14,407,300) (17,183,700) (15,227,000)
FIVE-YEAR FORECAST
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PROPOSED PROJECTED PROJECTED PROJECTED PROJECTED PROJECTED
Revised Year 1 Year 2 Year 3 Year 4 Year 5
FY 09/10 FY 10/11 FY 11/12 FY 12/13 FY 13/14 FY 14/15
A) Revenues 112,610,800 103,861,900 103,870,000 105,068,300 106,252,000 109,608,000
B) Personnel 84,597,000 86,916,200 88,775,400 91,966,300 95,492,400 96,448,200
C) Debt Service 5,214,900 5,349,900 5,489,500 5,633,900 5,783,300 5,937,900
D) M & O 18,144,900 18,417,000 18,693,300 18,973,700 19,258,300 19,547,200
E) Other 10,221,600 2,901,700 2,901,700 2,901,700 2,901,700 2,901,700
118,178,400 113,584,800 115,859,900 119,475,600 123,435,700 124,835,000
City of Oceanside
Revenue & Expenditure Comparison Graph
General Fund Financial Forecast
$120,000,000
$140,000,000
OtherRevenue
$-
$20,000,000
$40,000,000
$60,000,000
$80,000,000
$100,000,000
$120,000,000
$140,000,000
FY 09/10 FY 10/11 FY 11/12 FY 12/13 FY 13/14 FY 14/15
Personnel
M & O
Debt Service
OtherRevenue
5
General Fund Financial Forecast: Summary of Major Assumptions
DEMOGRAPHIC TRENDS
Population – Oceanside’s 2009 population per the California
Department of Finance is 179,681. SANDAG estimates
Oceanside’s population in 2020 to be 196,482. As noted in
the Economic Sustainability Study (Oceanside EDC, March
2008), the City’s growth rate is slowing down as the land
supply shrinks without diversification. Consequently, the
forecast assumes an annual population growth rate of 0.5%.
Inflation – the City monitors the Consumer Price Index for All
Urban Consumers (CPI-U), semi-annual average for San
Diego, CA, as reported by the US Department of Labor. The
“San Diego” semi-annual data will not be available until
September 16, 2009. However for comparative purposes, the
“Western Urban” semi-annual CPI is -1.23%. While a
continued trend of negative CPI (a/k/a deflation) would signify
decreasing prices, the index reflects the significant decreases
are in the transportation and energy sectors, while all other
sectors (i.e. food, apparel, medical care, education &
communication, and other goods & services) continue to
increase. Factoring out energy and food, the adjusted CPI is
+1.5% for “Western Urban”. Based on this information, the
City’s financial forecast uses a 1.5% inflation index where
applicable.
REVENUES
Property Tax – along with every other city in the state and
nation, Oceanside is experiencing a financial ripple effect from
the distressed housing market. The median sales price of
single family residential properties in Oceanside is down 48%
from the peak sales price in 2005, with the current (median)
home prices between 2001 and 2002 levels. Home sales for
the 1st quarter 2009 have improved in part because of the
lower home prices. Of the existing homes sold, over half were
properties that had been in foreclosure. The City’s foreclosure
rate averaged 4.0% (compared to 2.89% for San Diego
County) over a 15 month period (January 2008 – March 2009).
The County Assessor announced on June 30th that the
assessed value of all taxable property in Oceanside has
decreased $1.2 billion or 6.17% from the previous fiscal year.
Under State law (enacted by Prop 8 in 1978), a temporary
reduction in assessed value can be made when the market
value falls below the assessed value. Once reduced, the
Assessor’s Office must review the value of the property
annually. When the property values increase, the assessed
value will also be increased, but no higher than the original
assessed value (plus the annual CPI increase not to exceed
2% as required by Prop 13). With the property values “rolled
back” to 2003 levels, the County Assessor does not anticipate
any further reduction on residential properties, with the
exception of CPI adjustments which can be negative (see
“Inflation.”)
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County officials are waiting to see the impact of declining
values of commercial real estate, which would further erode
the property tax revenues effective July 1, 2010. Foreclosures
of office parks and commercial retail properties have been
lagging the residential market, but this trend will have a similar
impact on City revenues as the residential market, albeit it a
lesser amount. Recent real estate reports are tracking North
San Diego County as a whole, so we do not have sufficient
information regarding Oceanside at this time.
There are currently 2,300+ City-wide appeals pending to
reduce property values on file at the County Assessor’s office,
including Genentech Inc., Pacific Coast Plaza, Bankamerica
Realty Finance, MRD Realty, WL Homes, and WL Ocean
Ranch Associates. Homeowners who sell their properties for
less than previously assessed values are eligible for refunds,
which are referred to as “negative supplemental
apportionments”. If all the appeals were successful, there
would be an additional* $750,000 revenue reduction to the
City’s General Fund.
The City of Oceanside contracts with HdL Coren & Cone for
property tax management services. They have provided an
updated estimate of the City’s property tax revenues for FY
09/10 which takes into consideration all the factors mentioned
above.
The financial forecast assumes an additional one percent
reduction for Year 1 (FY 10/11), and no impact for Year 2 (FY
11/12). Years 3-5 reflect the 2% CPI growth in property taxes.
The VLF in-lieu portion of the property taxes has also been
modified by the same formula. Supplemental taxes will remain
flat with a nominal one percent growth in Years 3-5. This area
will need to e closely monitored to address any negative
supplemental apportionments that may be applied by the
County.
Additional increases to the property taxes are cautiously
included in Year 5 (FY 14/15) to reflect a phasing in of new
businesses including Oceanside Pavilion.
Prop 1A Borrowing of Property Taxes – the Governor
approved the State budget on July 28th which includes
enacting provisions of Prop 1A whereby the State will “borrow”
approximately $1.9 billion in property taxes from local
governments (approximately 8 percent of the property taxes
received per local agency). Prop 1A’s constitutional provisions
require that a loan of local property taxes be repaid within
three years with interest. It is estimated that Oceanside’s
“loan” will equate to $4.5 million. Since this is a one-time
revenue reduction that is scheduled to be repaid by Year 3 (FY
12/13), it has not been included in the financial forecast. The
City Manager will be recommending the use of General Fund
reserves to cover this revenue shortfall.
Sales & Use Tax – sales taxes for FY 08/09 were received at
93% of budget projections due to the eroding economy. On a
statewide basis, revenues generated for the holiday quarter
were the lowest since 2003. Consumers have traditionally
used their home equity to finance large ticket purchases, but
due to the housing crisis have drastically scaled back their
spending patterns. There will not be a quick turnaround in
sales taxes for cities, since the value of houses are not going
to rebound at the prior pace. Economists believe it will be
another few years for the economy to return to 2004 sales
levels. A Gallup Poll released in July 2009 addresses the
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question if this severe recession will cause consumers to
permanently reduce their spending habits, similar to the Great
Depression. Their survey of 7/20/09 “shows 32% of
Americans reporting that their recently depressed spending
habits will become a 'new normal' in the years ahead. These
Americans say they have been spending less and plan on
continuing that pattern in the future.”
Oceanside’s sales tax base is diverse, allowing for fluctuations
in the economy. This puts the City in a better fiscal standing
during tight economic times than other cities that are heavily
invested in a single industry such as car dealerships. Sales
tax revenues are projected to decrease an additional 1.72%
from the adopted June 10, 2009 budget projections. These
losses are reflected in the following categories: fuel & service
stations, autos & transportation, building & construction, and
general consumer goods.
Future forecasts assume flat sales in Years 1 & 2 (FY 10/11
and FY 11/12). A nominal one percent increase for Years 3 &
4 (FY 12/13 and FY 13/14) is applied to all retail sectors
except auto dealers. A cautious increase in Year 5 (FY 14/15)
reflects a phasing in of new businesses including Oceanside
Pavilion.
All Other Taxes – card room taxes are imposed on the one
card room business in Oceanside, Oceans 11. The municipal
code allows them to have 56 tables, but they only pulled
permits for 50 tables and there are no projections for them to
increase the number in the foreseeable future. Over the years
this was a very popular form of entertainment, but it is
dropping off. While this is one of the “sin” businesses that
seem to do better in poor economic times, the City’s receipts
indicate that this is not happening. The City’s financial
forecast is projecting these revenues to remain flat.
The transient occupancy tax (TOT or hotel tax) assumes no
growth for existing hotels until Year 3 (FY 12/13) at which time
a one percent growth rate is projected. The S.D. Malkin
Resort Hotel is a fully entitled project that will consist of 289
hotel rooms, 47 boutique hotel rooms and a 48 unit fractional
time share. The project will commence construction in early
2012, and the financial forecast projects one-third of this
project to start providing revenue to the City in Year 5 (FY
14/15).
Franchise taxes are received on electric, gas and cable
services. The financial forecast assumes flat revenue until
Year 4 (FY 13/14) at which time a nominal one percent
increase is applied to these revenues. San Diego Gas &
Electric Co. reported that natural gas prices are the lowest
since 2002, resulting in lower gas bills for consumers. That
translates into less franchise taxes to the City.
Business licenses will remain flat until Year 5 (FY 14/15) when
it is anticipated that new businesses (including Oceanside
Pavilion) will open and contribute to this revenue source.
Licenses & Permits – a majority of licenses and permits are
development related, with the largest portion for building
permits. The City reduced revenue projections for these
revenues by 5% for FY 09/10 to accommodate the decline in
local building activity. Future forecasts remain flat.
Fines & Forfeitures – the majority of these revenues
collected by the City are for parking citations, as well as other
8
traffic fines. The City saw a spike in revenue for parking
citations the past few years due to Council approving an
increase in the fines. The financial forecast does not
anticipate any further increase in fines, consequently the
revenue is forecasted to remain flat in future years.
Use of Money & Property – the interest rate on the City’s
investment portfolio has dropped below 3% this fiscal year,
and the national financial market does not appear to have any
positive gains for the next several years. The City’s financial
forecast assumes that the General Fund cash balances
remain at the same level, but will be impacted by lower interest
rates for the next several years.
The City has several property leases, and while a number of
them have CPI escalation clauses in their agreements, a
significant amount of revenue collected is based on
percentage rents without such clause. Due to the severity of
the economic down turn, any additional revenue the City would
derive from CPI escalation would most likely be offset by a
reduction in percentage rent payments. The financial
forecast is assuming future revenues to remain constant with
the current year’s estimates.
Intergovernmental – allocation of motor vehicle license fees
(MVLF) by the State to local cities was changed by law in July
2004. Of all MVLF funds collected by the state, cities are last
in the “totem pole” of distribution. Due to the decline in MVLF
payments to the state, the amount allocated to cities for the
past several months significantly decreased. Oceanside will
be forecasting a flat $430,000 annually for this revenue based
on the dire state budget conditions. This is a revenue source
that is being monitored by staff for potential future State raids.
Various federal and state grants are considered
intergovernmental revenues, but the uncertainty of their
funding and/or the City’s eligibility to receive them, leads us to
remove them from the financial forecast.
State Mandate Reimbursement Deferrals – while the State
originally included funding of mandate reimbursements in their
February 2009 budget, the subsequent budget adoption in July
2009 suspended this funding due to budgetary constraints.
Currently the State owes Oceanside over $850,000 in prior
year reimbursements, and in compliance with Prop 1A
regulations, has until FY 2020-2021 to make these payments.
Charges for Services – plan checks and inspections are
development-related, and as noted under “licenses & permits”,
the financial forecast has reduced these revenues by 5% for
FY 09/10 and remaining flat thereafter. Other charges for
services include EMS fees (i.e. ambulance billings), recreation
programs, junior lifeguard programs, and library programs.
(The recreation, lifeguard and library programs were
previously budgeted in Fund 108, but with the conversion to a
new chart of accounts, these revenues and expenditures for
these programs have been consolidated into the General
Fund.) The forecast assumes all charges for services will
remain flat.
Interfund Transfers – the most significant adjustment in this
revenue category is the elimination of “general administrative
charges” from the General Fund. A policy will be formalized
prior to Year 1 (FY 10/11) to address which funds will pay the
general administrative charge (i.e. enterprise funds, CIP
projects, grants, etc.) and the amount. The reduction of this
revenue (approximately $7.9 million in Year 1 – FY 10/11) is
9
offset by a corresponding reduction in the General Fund
expenditure “interfund service charges” category.
There is no change forecasted for the other three interfund
transfers: utilities “in lieu of tax”, gas tax, or LLMAD 2-91
funds.
Gas Tax Deferrals – included in the State budget are
“deferrals” of gas tax payments to cities for six months.
However, there is no guarantee that the State will repay these
funds, which is a concern as the State continues to face billion
dollar budget deficits in the immediate future. It is estimated
that Oceanside’s “deferral” will equate to $1.5 million. While
gas tax revenues are deposited into a separate fund, the Gas
Tax Fund transfers approximately $418,000 to the General
Fund to support GF services. Since this is a cash-flow
situation, it has not been included in the financial forecast.
The City Manager will be recommending the use of General
Fund reserves to cover this revenue shortfall.
Other Revenues – no change in this category. Forecasts
remain flat in future years.
EXPENDITURES
Personnel Wages & Benefits – there are 715 budgeted
positions in the General Fund for FY 09/10. The forecast does
not include future reductions.
Financial projections for wages and benefits include all terms
and conditions as stated in existing Memorandums of
Understanding (MOU). Upon expiration of the MOU’s, there
are no projected increases for subsequent years. Health
insurance costs (including dental and vision) are projected to
increase 10% annually starting in Year 1 (FY 10/11). Various
disability insurances are projected to increase 3.5% annually
starting in Year 1 (FY 10/11), while life insurance for that same
time period will increase 8% annually.
Detailed information on the City’s contribution to the PERS
retirement costs can be found on page 32. CalPERS has
been experiencing significant reductions in its investment
portfolio and recently announced a preliminary investment
return for FY 08/09 of negative 23.4%. On June 17, 2009
CalPERS approved an enhancement to their “smoothing”
process which will implement a three-year phased in approach
of higher contribution rates, followed by a fixed 30-year
amortization to pay off the losses from the market crash. The
City’s financial forecast assumes a 25% confidence level that
CalPERS will meet its market value investment return of
7.75% in FY 09/10. Based on this assumption, the City can
expect to pay higher percentage points for both Miscellaneous
and Safety Plans effective Year 3 (FY 12/13). However, this
assumption will change as we obtain more reliable information
from our annual CalPERS actuarial analysis.
Personnel Overtime, Extra Help, Buyouts, Etc. – this
category of expenditures has a flat forecast.
Personnel Vacancy Factor – a 2% vacancy factor has been
included in the financial forecast for Years 1-5. This assumes
a delay in recruiting and filling approximately 20 vacant
positions. There were 38 vacant General Fund positions as of
June 30th, with a majority of them in public safety (i.e. police
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and fire recruits), and does not reflect any elimination of
vacant positions from the FY 09/10 budget adoption.
Maintenance & Operations – expenditures in this category
includes such items as professional & contractual services,
equipment maintenance & rental, memberships &
subscriptions, training, utilities and a variety of other costs for
departments funded by the General Fund. All maintenance
and operational costs have been inflated 1.5% each year (CPI
index).
Capital Outlay – no capital outlay has been forecasted.
Debt Service – this reflects the General Fund portion of the
debt service payments on the 1993/2003 Refunding Certificate
of Participation for City Hall. Debt service payments will
continue until the year 2023.
Interfund Service Charges/Transfers – the City has four
internal service funds which provide services to the City as a
whole. Each department budgets a portion of their operating
budget to pay for these services which include risk
management, fleet management, information services, and
city building services. Collectively they are known as
“interfund service charges.”
The four internal service funds consist of personnel costs
specific to those funds. The personnel assumptions are the
same as identified previously.
Each internal service fund has its own maintenance &
operational costs. The M&O assumptions are the same as
previously identified.
A portion of the 2005 Pension Obligation Bonds is funded by
the General Fund, allocated on the number of employees in
that fund. The debt service on this bond increases annually by
4%.
The general admin allocation has been eliminated, with a
corresponding reduction on the revenue side, pending the
formalization of a policy regarding this allocation. The general
admin allocation will continue to be applicable to all other non-
general funds.
GASB 45 – effective July 2007, the City was required to
comply with GASB 45 regarding other post employment
benefits (known as OPEB) cost and their unfunded actuarial
accrued liability for past service. An actuarial performed on
12/15/07 has determined the Annual Required Contribution
(ARC) to be approximately $615,900. The City is currently
contributing $246,900, and will be required to contribute an
additional $369,000. This additional amount has been
included in the financial forecast for the next 20 years.
AVAILABLE FUND BALANCE
In accordance with the Healthy City Reserve Fund Policy
#200-08, the General Fund reserve balance is maintained at a
minimum of 12 percent of the General Fund operating
expenditures. In addition, the unallocated reserve balance
available for future capital projects or other city
projects/services is approximately $6.5 million as of June 30,
2009. (Note: This balance includes the $5 million Marina
Towers proceeds of sale.) As of August 19th, there is
approximately $6.0 million remaining after additional Council
commitments.
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Reserves Actual Actual Actual Actual
(in millions) 6/30/2006 6/30/2007 6/30/2008 6/30/2009
Not Available
Advances & Prepaid 3.702$ 3.740$ 3.607$ 3.680$
Capital Projects/Carry Forwards 13.500$ 20.740$ 15.505$ 12.570$
Total Not Available 17.202$ 24.480$ 19.112$ 16.250$
Available With Council Policy Change
Healthy City 9.740$ 11.500$ 14.500$ 14.500$
Available
Economic Stabilization 4.100$ 1.800$ 5.800$ 4.053$
Unallocated 14.318$ 12.163$ 4.712$ 6.635$
Total Available 18.418$ 13.963$ 10.512$ 10.688$ *
Grand Total Fund Balance 45.360$ 49.943$ 44.124$ 41.438$
CITY OF OCEANSIDE
GENERAL FUND BALANCES (i.e. Reserves)
*Subsequent to June 30th, Council has committed $500,000 from this balance, leaving a Total Available Balance of $10.1 million
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Project Description Amount
FY 08/09 Operating Carry Forwards & Encumbrances 5,000,594$
In Lieu Underground 488,567$
El Corazon Senior Center (Fund 598) 1,934,027$
Mission Avenue (Fund 503) 333,653$
Public Art (Fund 503) 9,188$
Development Tracking System (Fund 503) 21,229$
Pier, Parks, Bldg, Media, Fire Apparatus (Fund 581) 242,204$
Community Facilities (Fund 581) 1,845,000$
Harbor Deferred Maintenance (Fund 581) 15,329$
Moffatt & Nichol (Fund 581) 32,483$
Pierce Manufacturing (Fund 581) 18,491$
Fire Service Specification & Supply (Fund 581) 43,035$
Data 911 (Fund 581) 468$
Public Works Infrastructure 553,090$
Other future CIP projects not yet designated * 2,033,080$
Total Reserved for Capital Projects/Carry Forwards 12,570,438$
CITY OF OCEANSIDE
RESERVED FOR CAPITAL PROJECTS/CARRY FORWARDS
*Subsequent to June 30th, Council has committed $1,480,000 from this balance to Fire Station 8, leaving a balance of $553,080
13
Approved Revised Year 1 Year 2 Year 3 Year 4 Year 5
Base Year Mid-Cycle Projection Projection Projection Projection Projection
FY 09-10 FY 09-10 FY 10-11 FY 11-12 FY 12-13 FY 13-14 FY 14-15
Taxes
Property Taxes - Supplemental Current Secured 500,000 500,000 500,000 500,000 505,000 510,100 515,200
Property Taxes - Supplemental Current Unsecured 40,000 40,000 40,000 40,000 40,000 40,000 40,000
Property Taxes - Current Secured 33,570,000 29,662,200 29,365,600 29,365,600 29,952,900 30,552,000 31,328,000
Property Taxes - Current Unsecured 1,334,100 1,334,100 1,320,800 1,320,800 1,347,200 1,374,100 1,401,600
Property Taxes - Supplemental Delinquent Secured 185,000 185,000 185,000 185,000 185,000 185,000 185,000
Property Taxes - Supplemental Delinquent Unsecured 8,000 8,000 8,000 8,000 8,000 8,000 8,000
Property Taxes - Prior Year Secured 750,000 750,000 750,000 750,000 750,000 750,000 750,000
Property Taxes - In Lieu 14,003,000 13,546,200 13,410,700 13,410,700 13,678,900 13,952,500 14,231,600
Property Taxes - Tax Increment Pass Thru 614,900 332,000 300,000 308,000 401,600 498,100 516,000
Sales & Use Taxes - County 12,963,800 12,632,850 12,632,850 12,632,850 12,749,025 12,834,750 14,288,025
Sales & Use Taxes - Proposition 172 1,592,800 1,592,800 1,592,800 1,592,800 1,608,700 1,624,800 1,641,000
Sales & Use Taxes - Tax Compensation 4,380,000 4,210,950 4,210,950 4,210,950 4,249,675 4,278,250 4,762,675
Transient Occupancy Tax 3,503,500 3,503,500 3,503,500 3,503,500 3,538,500 3,538,500 3,726,500
Franchise Fees - SDG&E 1,730,000 1,730,000 1,730,000 1,730,000 1,730,000 1,747,300 1,764,800
Franchise Fees - Cox Communications 2,227,300 2,227,300 2,227,300 2,227,300 2,227,300 2,249,600 2,272,100
Franchise Fees - Southern CA Gas Company 3,500 3,500 3,500 3,500 3,500 3,500 3,500
Franchise Fees - Kinder Morgan 13,700 13,700 13,700 13,700 13,700 13,700 13,700
Franchise Fees - AT&T Telecomm 35,000 35,000 35,000 35,000 35,000 35,000 35,000
CITY OF OCEANSIDE
DETAILED FIVE-YEAR GENERAL FUND REVENUE FORECAST
Fiscal Years 2010-2015
Franchise Fees - AT&T Telecomm 35,000 35,000 35,000 35,000 35,000 35,000 35,000
Cardroom Taxes & Fees 1,200,000 1,200,000 1,200,000 1,200,000 1,200,000 1,200,000 1,200,000
Business License Taxes 2,778,700 2,778,700 2,778,700 2,778,700 2,778,700 2,778,700 2,834,700
Business License Penalties 35,000 35,000 35,000 35,000 35,000 35,000 35,000
Real Property Transfer Tax 606,000 606,000 606,000 606,000 618,100 630,500 643,100
Subtotal 82,074,300 76,926,800 76,449,400 76,457,400 77,655,800 78,839,400 82,195,500
Licenses & Permits
Kiosk Sign Program Permits 1,000 1,000 1,000 1,000 1,000 1,000 1,000
Special Event Permits 19,000 19,000 19,000 19,000 19,000 19,000 19,000
Prmt-Coastal Development 38,000 38,000 38,000 38,000 38,000 38,000 38,000
Prmt-Street Name Assignment 3,000 3,000 3,000 3,000 3,000 3,000 3,000
Permit - Building 365,000 365,000 365,000 365,000 365,000 365,000 365,000
Permit - All Inclusive 65,000 65,000 65,000 65,000 65,000 65,000 65,000
Permit - Plumbing/Electrical/Mechanical 85,500 85,500 85,500 85,500 85,500 85,500 85,500
Permit - Manufactored Homes Park Registration 15,000 15,000 15,000 15,000 15,000 15,000 15,000
Permit - Handicap 9,500 9,500 9,500 9,500 9,500 9,500 9,500
Permit - Energy 28,500 28,500 28,500 28,500 28,500 28,500 28,500
Permit - Sign 10,000 10,000 10,000 10,000 10,000 10,000 10,000
Permit - Mobile Home Operators 6,000 6,000 6,000 6,000 6,000 6,000 6,000
Prmt-Street & Curb Engineer 40,000 40,000 40,000 40,000 40,000 40,000 40,000
Prmt-Grading/Engineering 2,000 2,000 2,000 2,000 2,000 2,000 2,000
Parking Permits - Annual 60,000 60,000 60,000 60,000 60,000 60,000 60,000
Subtotal 747,500 747,500 747,500 747,500 747,500 747,500 747,500
14
Approved Revised Year 1 Year 2 Year 3 Year 4 Year 5
Base Year Mid-Cycle Projection Projection Projection Projection Projection
FY 09-10 FY 09-10 FY 10-11 FY 11-12 FY 12-13 FY 13-14 FY 14-15
Fines & Forfeitures
FF&P-Abandoned Vehicle Abate 114,000 114,000 114,000 114,000 114,000 114,000 114,000
FF&P-Admin Citation-CdEnfr 65,000 65,000 65,000 65,000 65,000 65,000 65,000
Impound Fees 32,000 32,000 32,000 32,000 32,000 32,000 32,000
Parking Citations - Current 2,540,800 2,540,800 2,540,800 2,540,800 2,540,800 2,540,800 2,540,800
Uncleared Citations 200 200 200 200 200 200 200
False Alarm Fees - Police 160,000 160,000 160,000 160,000 160,000 160,000 160,000
Red Light Photo Fines 240,000 240,000 240,000 240,000 240,000 240,000 240,000
Misc/Other Fines/Forfeitures/Penalties 1,065,000 1,065,000 1,065,000 1,065,000 1,065,000 1,065,000 1,065,000
Subtotal 4,217,000 4,217,000 4,217,000 4,217,000 4,217,000 4,217,000 4,217,000
Use of Money & Property
Investment Earnings 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000
Investment Earnings - SD County Allocation 45,000 45,000 45,000 45,000 45,000 45,000 45,000
Rental & Leases - Municipal Golf Course 708,000 708,000 708,000 708,000 708,000 708,000 708,000
Rental & Leases - Harbor Tideland 375,000 375,000 375,000 375,000 375,000 375,000 375,000
Rental & Leases - Property Management 905,000 905,000 905,000 905,000 905,000 905,000 905,000
Rental & Leases - Cell Tower ROW 535,000 535,000 535,000 535,000 535,000 535,000 535,000
Rental & Leases - Cell Tower City Property 150,000 150,000 150,000 150,000 150,000 150,000 150,000
Parking Machine Collections - Rolled Coins 454,400 454,400 454,400 454,400 454,400 454,400 454,400
Parking Meter Revenues 220,500 220,500 220,500 220,500 220,500 220,500 220,500
Parking Lot Refunds 100 100 100 100 100 100 100
Subtotal 5,393,000 5,393,000 5,393,000 5,393,000 5,393,000 5,393,000 5,393,000
Intergovernmental
Motor Vehicle License Fees 430,000 430,000 430,000 430,000 430,000 430,000 430,000
Homeowner Property Tax Relief 356,900 356,900 356,900 356,900 356,900 356,900 356,900
POST - Peace Officer Standard Training 110,000 110,000 110,000 110,000 110,000 110,000 110,000
Oth Agencies-DEA Reimbursement 20,000 20,000 - - - - -
State/Local Grants 75,000 150,000 - - - - -
State Mandates (SB 90) 200,000 - - - - - -
Other Joint Task Force Operations 50,000 50,000 - - - - -
Ratt County Reimbursement 65,000 65,000 - - - - -
Judge County Reimbursement 35,000 35,000 - - - - - Bulletproof Vest Program 5,000 5,000 - - - - -
Subtotal 1,346,900 1,221,900 896,900 896,900 896,900 896,900 896,900
Charges for Services
Other Misc. Revenue 12,900 12,900 12,900 12,900 12,900 12,900 12,900
Spec Interest Recreation 3,000 3,000 3,000 3,000 3,000 3,000 3,000
Recreation Programs 687,400 687,400 687,400 687,400 687,400 687,400 687,400
Aqua-Beach Lifeguards 221,000 221,000 221,000 221,000 221,000 221,000 221,000
Other Misc. Revenue - Coca Cola Machines 23,500 23,500 23,500 23,500 23,500 23,500 23,500
Library Facilities 3,600 3,600 3,600 3,600 3,600 3,600 3,600
Library Computer Center Services 13,800 13,800 13,800 13,800 13,800 13,800 13,800
Inspectn-Spec-OFD 2,000 2,000 2,000 2,000 2,000 2,000 2,000
Inspectn-SprnklSys-OFD 120,000 120,000 120,000 120,000 120,000 120,000 120,000
Advrtsg & Subscrip 20,000 20,000 20,000 20,000 20,000 20,000 20,000
DUI Emergency Response 65,000 65,000 65,000 65,000 65,000 65,000 65,000
OUSD Reimb for Services 95,000 162,000 162,000 162,000 162,000 162,000 162,000
EMS Fees - Current Year 2,900,000 2,900,000 2,900,000 2,900,000 2,900,000 2,900,000 2,900,000
15
Approved Revised Year 1 Year 2 Year 3 Year 4 Year 5
Base Year Mid-Cycle Projection Projection Projection Projection Projection
FY 09-10 FY 09-10 FY 10-11 FY 11-12 FY 12-13 FY 13-14 FY 14-15
Special Services - OPD 15,000 15,000 15,000 15,000 15,000 15,000 15,000
Reimbursement for Services - Harbor 237,500 237,500 237,500 237,500 237,500 237,500 237,500
Reimbursement for Services - Utilities 2,559,900 2,559,900 2,559,900 2,559,900 2,559,900 2,559,900 2,559,900
Reimbursement for Services - Other 10,000 10,000 10,000 10,000 10,000 10,000 10,000
Fire Emergency Reimbursement 40,000 40,000 40,000 40,000 40,000 40,000 40,000
Lobbyist Registration 5,000 5,000 5,000 5,000 5,000 5,000 5,000
DocuSvcs-SaleMaps/Pub/Docs 36,100 4,100 4,100 4,100 4,100 4,100 4,100
DocuSvcs-Tentative Map 20,000 20,000 20,000 20,000 20,000 20,000 20,000
DocuSvcs-Plan Applicatn Fees 200,000 200,000 200,000 200,000 200,000 200,000 200,000
Document Services - Neighborhood Postcard Notice Fee 30,000 30,000 30,000 30,000 30,000 30,000 30,000
Document Services - Engineering Document Sale 1,000 1,000 1,000 1,000 1,000 1,000 1,000
DocuSvcs-PublicNtc/Postage 25,000 55,000 55,000 55,000 55,000 55,000 55,000
DocuSvcs-Duplication Svcs 500 33,500 33,500 33,500 33,500 33,500 33,500
DocuSvcs-FingerPrintg Fee 28,000 28,000 28,000 28,000 28,000 28,000 28,000
DocuSvcs-Accident Rpt Fees 25,000 25,000 25,000 25,000 25,000 25,000 25,000
DocuSvcs-Elections 100 100 - 100 - 100 -
DocuSvcs-City Clerk 5,000 5,000 5,000 5,000 5,000 5,000 5,000
PlanCk-Bldgs 430,000 450,000 450,000 450,000 450,000 450,000 450,000
PlanCk-Handicap 10,000 10,000 10,000 10,000 10,000 10,000 10,000
PlanCk-Energy 39,000 39,000 39,000 39,000 39,000 39,000 39,000
PlanCk-Grading 265,100 265,100 265,100 265,100 265,100 265,100 265,100
PlanCk-Erosn Cntrl 45,000 45,000 45,000 45,000 45,000 45,000 45,000
PlanCk-Improv 104,500 104,500 104,500 104,500 104,500 104,500 104,500
PlanCk-Landscape 62,000 65,000 65,000 65,000 65,000 65,000 65,000
Substantl Conformity 4,000 4,000 4,000 4,000 4,000 4,000 4,000
Envron Rvw Fees 40,000 40,000 40,000 40,000 40,000 40,000 40,000 Envron Rvw Fees 40,000 40,000 40,000 40,000 40,000 40,000 40,000
Subdvn Map-Devlpmt Fees 5,000 5,000 5,000 5,000 5,000 5,000 5,000
Final Subdvn Map Rvw 2,000 2,000 2,000 2,000 2,000 2,000 2,000
Final Parcel Map Rvw 10,000 10,000 10,000 10,000 10,000 10,000 10,000
Lot Line Adj-Engr 7,000 7,000 7,000 7,000 7,000 7,000 7,000
Cert of Compliance - Engr 1,000 1,000 1,000 1,000 1,000 1,000 1,000
Prcssg Fee-StrVactn-Engr 13,000 13,000 13,000 13,000 13,000 13,000 13,000
Inspectn-MblHm AB925 7,000 7,000 7,000 7,000 7,000 7,000 7,000
Inspectn-Grading/Engr 156,000 165,000 165,000 165,000 165,000 165,000 165,000
Inspectn-Erosion 41,300 41,300 41,300 41,300 41,300 41,300 41,300
Inspectn-Imprvmnt/Engr 80,000 85,000 85,000 85,000 85,000 85,000 85,000
Inspectn-Ldscp/Engr 21,000 25,000 25,000 25,000 25,000 25,000 25,000
Subtotal 8,748,200 8,887,200 8,887,100 8,887,200 8,887,100 8,887,200 8,887,100
Other Revenues & Transfers
Private Foundations 5,000 5,000 5,000 5,000 5,000 5,000 5,000
Donations (P&R) 77,000 77,000 - - - - -
Contributions - Non Government Sources 5,000 5,000 - - - - -
Miscellaneous Income 30,000 30,000 30,000 30,000 30,000 30,000 30,000
Cash Over/Under 500 500 500 500 500 500 500
Sales - Auction Surplus 6,300 6,300 6,300 6,300 6,300 6,300 6,300
Interest - Employee Loans 200 200 200 200 200 200 200
PEG Pass Thru 179,000 179,000 179,000 179,000 179,000 179,000 179,000
303,000 303,000 221,000 221,000 221,000 221,000 221,000
General Administrative Charges 10,919,400 10,919,400 3,055,000 3,055,000 3,055,000 3,055,000 3,055,000
General Administrative Charges In Lieu of Tax 3,995,000 3,995,000 3,995,000 3,995,000 3,995,000 3,995,000 3,995,000
Subtotal 14,914,400 14,914,400 7,050,000 7,050,000 7,050,000 7,050,000 7,050,000
Grand Total 117,744,300 112,610,800 103,861,900 103,870,000 105,068,300 106,252,000 109,608,000
16
$17,576,780,767
$18,668,923,847
Real Property Value
$16,339,772,167 $17,493,006,303
Base Year Values $46,488,860 Included in AV
Personal Property Value
Unsecured Value
Property Tax Estimates
THE CITY OF OCEANSIDE
GENERAL FUND REVENUE ESTIMATE 2009/10 Revenue Estimate based on 2008/09 Values and Estimated Changes
General Fund VLFAA
General Fund and BY Values 2008/09
Citywide Net Taxable Value 2008/09
CPI 2.00%
Transfer of Ownership Assessed Value Growth
Est. SFR Prop 8 Red. Based on Recent SFR Price
Estimated Property Value
Unsecured Value
Nonunitary Utility Value
$16,386,261,027 $17,493,006,303
-6.77% -6.30%
Taxed @ 1% $163,862,610.27
Aircraft Value
$30,996,341.48
$30,996,341.48
$14,456,970.00
-$910,789.11
$13,546,180.89
Enter Completed New Construction
Estimated Net Taxable Value
Estimated Real Prop. Percent Change 2009/10
Estimated Total Percent Change 2009/10
Average City Share 0.189160550
Aircraft Rate (.01 * 0.333333333)
Enter Unitary Taxes Budgeted Flat
Net GF Estimate for 2009/10
Enter Suppl. Apportionment Recd. in 2008/09
Base Value of VLFAA
Estimated Change to VLFAA
VLFAA Estimate for 2009/10
17
PFM
Public Financial Management, Inc.
Historical Analysis of Median Home Values
-47.9%
Median home process have declined by 47.9%since their peak in 2005
Current (median) home prices are between 2001 and 2002 levels
-20.4%
Year
Median
Price
% Yealy
Change
1988 125,245$
1989 157,649 25.9%
1990 171,622 8.9%
1991 170,431 -0.7%
1992 163,518 -4.1%
1993 158,456 -3.1%
1994 144,529 -8.8%
1995 138,260 -4.3%
1996 136,674 -1.1%
1997 143,687 5.1%
1998 165,385 15.1%
1999 171,634 3.8%
2000 201,792 17.6%
2001 230,713 14.3%
2002 286,568 24.2%
2003 335,466 17.1%
2004 429,582 28.1%
2005 479,123 11.5%
2006 478,434 -0.1%
2007 448,006 -6.4%
2008 310,390 -30.7%
2009¹ 249,738 -19.5%
¹Year-to-date
Source: DQ News
City of Oceanside
Median
Price
% Yealy
Change
90.2% 138,862$
97.9% 161,002 15.9%
103.8% 165,399 2.7%
100.8% 168,997 2.2%
97.7% 167,339 -1.0%
96.6% 163,952 -2.0%
88.5% 163,374 -0.4%
86.7% 159,462 -2.4%
85.3% 160,309 0.5%
85.0% 168,997 5.4%
89.4% 185,079 9.5%
84.7% 202,625 9.5%
86.3% 233,820 15.4%
87.1% 264,944 13.3%
89.8% 318,960 20.4%
89.6% 374,337 17.4%
93.3% 460,396 23.0%
95.5% 501,853 9.0%
95.8% 499,400 -0.5%
94.1% 476,184 -4.6%
86.8% 357,675 -24.9%
88.1% 283,453 -20.8%
San Diego CountyCity Median
Price as % of
County
-43.5%
-3.1%
18
PFM
Public Financial Management, Inc.
Oceanside and San Diego County: Historical Home Foreclosures
0.00%
0.50%
1.00%
1.50%
2.00%
2.50%
3.00%
3.50%
4.00%
-
200
400
600
800
1,000
1,200
1,400
1,600
1,800
19
94
19
95
19
96
19
97
19
98
19
99
20
00
20
01
20
02
20
03
20
04
20
05
20
06
20
07
20
08
Oceanside Total Foreclosures
San Diego Foreclosure Rate
Oceanside Foreclosure Rate
Number of foreclosures provided by DQ News
1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 Avg.
San Diego County 0.64% 0.65% 0.79% 0.67% 0.43% 0.23% 0.13% 0.06% 0.04% 0.02% 0.02% 0.03% 0.24% 1.09% 1.83% 0.46%
Oceanside 1.19% 1.17% 1.56% 1.25% 0.68% 0.31% 0.16% 0.07% 0.05% 0.02% 0.02% 0.02% 0.32% 1.39% 2.68% 0.73%
Estimated Annual Foreclosure Rates
Estimated foreclosure rate calculated based on housing stock figures provided by California Department of Finance (DOF) E-5 Report
19
Revised Year 1 Year 2 Year 3 Year 4 Year 5
Est Budget Est Est Est Est Est
CY 2009 CY 2010 CY 2011 CY 2012 CY 2013 CY 2014
Apparel Stores 381,800$ 381,800$ 381,800$ 385,600$ 389,500$ 393,400$
Auto Dealers & Supplies 1,365,100$ 1,365,100$ 1,365,100$ 1,365,100$ 1,365,100$ 1,365,100$
Building Materials 1,099,300$ 1,099,300$ 1,099,300$ 1,110,300$ 1,121,400$ 1,132,600$
Drug Stores 261,900$ 261,900$ 261,900$ 264,500$ 267,100$ 269,800$
Eating & Drinking Places 2,043,100$ 2,043,100$ 2,043,100$ 2,063,500$ 2,063,500$ 2,214,100$
Food Stores 874,800$ 874,800$ 874,800$ 883,600$ 892,400$ 901,300$
Furniture & Appliances 843,100$ 843,100$ 843,100$ 851,500$ 860,000$ 868,600$
General Merchandise 2,100,100$ 2,100,100$ 2,100,100$ 2,121,100$ 2,121,100$ 3,792,600$
Other Retail Stores 1,535,400$ 1,535,400$ 1,535,400$ 1,550,800$ 1,566,300$ 1,582,000$
Packaged Liquor 157,100$ 157,100$ 157,100$ 158,700$ 160,300$ 161,900$ Service Stations 2,188,100$ 2,188,100$ 2,188,100$ 2,210,000$ 2,232,100$ 2,254,400$
ESTIMATED SALES TAXES BY CATEGORYCITY OF OCEANSIDE
BASED ON CALENDAR YEAR
Service Stations 2,188,100$ 2,188,100$ 2,188,100$ 2,210,000$ 2,232,100$ 2,254,400$
Non-Store & Part-time Retailers 27,700$ 27,700$ 27,700$ 28,000$ 28,300$ 28,600$
Business, Service & Repair Group 607,500$ 607,500$ 607,500$ 613,600$ 619,700$ 625,900$
Contractors & Material 672,100$ 672,100$ 672,100$ 678,800$ 685,600$ 692,500$
Drugs & Chemical 12,300$ 12,300$ 12,300$ 12,400$ 12,500$ 12,600$
Food/Farm Products & Equipment 12,100$ 12,100$ 12,100$ 12,200$ 12,300$ 12,400$
Furniture & Textiles 12,700$ 12,700$ 12,700$ 12,800$ 12,900$ 13,000$
Heavy Industrial Equipment 155,900$ 155,900$ 155,900$ 157,500$ 159,100$ 160,700$
Industrial Equipment 235,400$ 235,400$ 235,400$ 237,800$ 240,200$ 242,600$
All Other Equipment 517,800$ 517,800$ 517,800$ 523,000$ 528,200$ 533,500$
County Pool 1,736,600$ 1,736,600$ 1,736,600$ 1,754,000$ 1,771,500$ 1,789,200$
State Pool 3,900$ 3,900$ 3,900$ 3,900$ 3,900$ 3,900$
Total 16,843,800$ 16,843,800$ 16,843,800$ 16,998,700$ 17,113,000$ 19,050,700$
% change -1.72% 0.00% 0.00% 0.92% 0.67% 11.32%
20
Over/
Year Budget 1st Quarter % 2nd Quarter % 3rd Quarter % 4th Quarter % Total (Under)
08/09 3,319,400$ 1,249,459$ 37.6% 1,755,046$ 52.9% 2,506,014$ 75.5% 3,615,311$ 108.9% 3,615,311$ 295,911$
07/08 2,465,480$ 1,014,629$ 41.2% 1,641,342$ 66.6% 2,223,832$ 90.2% 3,032,690$ 123.0% 3,032,690$ 567,210$
06/07 2,363,320$ 907,223$ 38.4% 1,309,304$ 55.4% 1,751,240$ 74.1% 2,357,643$ 99.8% 2,357,643$ (5,677)$
05/06 1,900,000$ 863,550$ 45.5% 1,265,521$ 66.6% 1,653,241$ 87.0% 2,185,113$ 115.0% 2,185,113$ 285,113$
04/05 1,776,989$ 759,891$ 42.8% 1,097,160$ 61.7% 1,477,137$ 83.1% 2,014,472$ 113.4% 2,014,472$ 237,483$
03/04 1,695,948$ 660,368$ 38.9% 996,243$ 58.7% 1,332,339$ 78.6% 1,824,135$ 107.6% 1,824,135$ 128,187$
02/03 1,601,400$ 613,526$ 38.3% 888,392$ 55.5% 1,202,536$ 75.1% 1,636,598$ 102.2% 1,636,598$ 35,198$
01/02 1,680,000$ 578,322$ 34.4% 852,123$ 50.7% 1,147,147$ 68.3% 1,562,857$ 93.0% 1,562,857$ (117,143)$
00/01 1,509,670$ 546,784$ 36.2% 840,406$ 55.7% 1,143,909$ 75.8% 1,570,001$ 104.0% 1,570,001$ 60,331$
City of Oceanside
Comparison of Transient Occupancy Tax (TOT)
Account 101-1010-4152.00001
Based on Reportable Time Periods
00/01 1,509,670$ 546,784$ 36.2% 840,406$ 55.7% 1,143,909$ 75.8% 1,570,001$ 104.0% 1,570,001$ 60,331$
0%
20%
40%
60%
80%
100%
120%
140%
00/01 01/02 02/03 03/04 04/05 05/06 06/07 07/08 08/09
Perc
en
tag
e R
eceiv
ed
Fiscal Year
Transient Occupancy Tax (TOT) by Quarter
1st Quarter
2nd Quarter
3rd Quarter
4th Quarter
21
Over/
Year Budget 1st Quarter % 2nd Quarter % 3rd Quarter % 4th Quarter % Total (Under)
08/09 2,540,800$ 629,937$ 24.8% 1,237,431$ 48.7% 1,892,309$ 74.5% 2,521,268$ 99.2% 2,521,268$ (19,532)$
07/08 1,340,000$ 629,648$ 47.0% 1,196,080$ 89.3% 1,801,684$ 134.5% 2,409,828$ 179.8% 2,409,828$ 1,069,828$
06/07 890,000$ 388,540$ 43.7% 775,798$ 87.2% 1,156,341$ 129.9% 1,609,791$ 180.9% 1,609,791$ 719,791$
05/06 856,020$ 291,679$ 34.1% 495,984$ 57.9% 686,885$ 80.2% 932,221$ 108.9% 932,221$ 76,201$
04/05 920,000$ 258,172$ 28.1% 467,720$ 50.8% 633,131$ 68.8% 829,707$ 90.2% 829,707$ (90,293)$
03/04 597,044$ 181,965$ 30.5% 436,461$ 73.1% 651,913$ 109.2% 913,488$ 153.0% 913,488$ 316,444$
02/03 480,650$ 198,994$ 41.4% 342,355$ 71.2% 443,338$ 92.2% 571,482$ 118.9% 571,482$ 90,832$
01/02 465,000$ 157,487$ 33.9% 276,262$ 59.4% 386,916$ 83.2% 514,036$ 110.5% 514,036$ 49,036$
00/01 280,878$ 130,119$ 46.3% 234,164$ 83.4% 320,294$ 114.0% 443,158$ 157.8% 443,158$ 162,280$
City of Oceanside
Comparison of Parking Citations
Account 101-1010-4250.00009
$-
$500,000
$1,000,000
$1,500,000
$2,000,000
$2,500,000
$3,000,000
00/01 01/02 02/03 03/04 04/05 05/06 06/07 07/08 08/09
Parking Citations
22
CITY OF OCEANSIDE
POOLED INVESTMENTS EARNINGS RATE
July August September October November December January February March April May June FY Avg
FY 1986/87 6.230% 6.200% 6.290% 6.350% 6.700% 6.860% 6.438%
FY 1987/88 6.988% 7.060% 7.200% 7.380% 7.440% 7.510% 7.500% 7.500% 7.570% 7.570% 7.600% 7.640% 7.413%
FY 1988/89 7.740% 7.830% 7.870% 7.940% 8.010% 8.120% 8.310% 8.410% 8.460% 8.600% 8.580% 8.570% 8.203%
FY 1989/90 8.500% 8.380% 8.360% 8.340% 8.320% 8.320% 8.230% 8.190% 8.200% 8.230% 8.220% 8.230% 8.293%
FY 1990/91 8.260% 8.290% 8.350% 8.400% 8.550% 8.740% 8.450% 8.400% 8.380% 8.170% 8.100% 8.140% 8.353%
FY 1991/92 8.050% 8.160% 8.070% 7.810% 7.900% 7.830% 7.820% 7.820% 7.740% 7.620% 7.410% 7.325% 7.796%
FY 1992/93 7.450% 7.410% 7.400% 7.360% 7.510% 7.440% 7.360% 7.330% 7.350% 7.140% 7.010% 7.040% 7.317%
FY 1993/94 6.958% 6.911% 7.037% 6.900% 6.940% 6.780% 6.720% 6.620% 6.740% 6.550% 6.320% 6.380% 6.738%
FY 1994/95 6.413% 6.107% 6.266% 6.440% 6.310% 6.430% 6.420% 6.440% 6.530% 6.530% 6.580% 6.602% 6.422%
FY 1995/96 6.532% 6.514% 6.541% 6.510% 6.440% 6.410% 6.361% 6.323% 6.371% 6.308% 6.327% 6.310% 6.412%
FY 1996/97 6.291% 6.305% 6.299% 6.238% 6.233% 6.239% 6.229% 6.250% 6.261% 6.212% 6.190% 6.178% 6.244%
FY 1997/98 6.206% 6.194% 6.213% 6.160% 6.175% 6.205% 6.142% 6.069% 6.036% 6.026% 6.045% 6.080% 6.129%
FY 1998/99 6.028% 6.270% 6.075% 6.075% 5.984% 5.980% 5.973% 5.917% 5.918% 5.847% 5.819% 5.792% 5.973%
FY 1999/00 5.836% 5.831% 5.840% 5.840% 5.828% 5.866% 5.844% 5.850% 5.863% 5.895% 5.948% 5.977% 5.868%
FY 2000/01 6.002% 5.993% 5.985% 6.002% 5.996% 6.015% 5.948% 5.829% 5.570% 5.276% 5.054% 4.929% 5.717%
FY 2001/02 4.904% 4.854% 4.788% 4.523% 4.382% 4.257% 4.277% 4.277% 4.265% 4.265% 3.959% 3.806% 4.380%
FY 2002/03 3.827% 3.688% 3.705% 3.806% 3.469% 3.430% 3.220% 3.151% 3.242% 3.166% 3.125% 2.980% 3.401%
FY 2003/04 2.963% 2.897% 2.905% 2.959% 2.873% 2.814% 2.768% 2.810% 2.837% 2.837% 2.739% 2.594% 2.833%
FY 2004/05 2.607% 2.528% 2.541% 2.557% 2.585% 2.605% 2.642% 2.671% 2.690% 2.689% 2.717% 2.753% 2.632%
FY 2005/06 2.750% 2.734% 2.739% 2.735% 2.754% 2.889% 3.037% 3.051% 3.178% 3.350% 3.543% 3.671% 3.036%
FY 2006/07 3.799% 3.956% 4.051% 4.114% 4.244% 4.454% 4.633% 4.656% 4.704% 4.764% 4.830% 4.877% 4.424%
FY 2007/08 4.883% 4.894% 4.986% 5.059% 5.007% 4.912% 4.746% 4.532% 4.462% 4.268% 4.171% 4.080% 4.667%
FY 2008/09 4.022% 4.026% 3.947% 3.919% 3.869% 3.551% 3.331% 3.182% 3.188% 2.955% 2.828% 2.787% 3.467%
FY 2009/10 2.680%
FY 1986/87 Data for July - December not available
23
State Mandate – Reimbursement Programs
The following is a list of City programs that are eligible for state
mandate reimbursements for FY 2008-2009:
• Absentee Ballots * (on hold)
• Administrative License Suspension
• Animal Adoption *
• Binding Arbitration *
• Brendon Mcguire Act
• CA Fire Incident Reporting System
• Crime Victims Domestic Violence Incident Reports *
• DNA Database / Postmortem Exams *
• Domestic Violence Arrest Policies & Standards
• Domestic Violence Arrests and Victim Assistance *
• False Reports of Police Misconduct *
• Fire Safety Inspection of Care Facilities *
• Health Benefits for Survivors of Peace Officers and
Firefighters
• Local Government Employee Relations
• Local Recreation Areas: Background Screenings
• Open Meetings Act (on hold)
• Peace Officer Bill of Rights
• Peace Officer Personnel Records
• Photographic Record of Evidence * (one-time)
• Racial Profiling: Law Enforcement Training
• Rape Victims Counseling Center Notices
• Stolen Vehicle Notification *
• Threats Against Peace Officers
Pursuant to Government Code Section 17581, the Department
of Finance has notified local agencies of suspended
mandates. The State Legislation has suspended those
programs marks with an asterisk for FY 2009-2010. In
addition, there will be no reimbursement for this period.
The City of Oceanside has an account receivable due from the
State in excess of $800,000 for claims submitted from prior
years.
24
City of Oceanside
Budgeted and Projected Personnel Costs - General Fund
Budgeted Projected Projected Projected Projected Projected
Barg Unit FY 09/10 FY 10/11 FY 11/12 FY 12/13 FY 13/14 FY 14/15
ELECT 349,252 350,764 357,609 364,942 379,580 382,369
MECO 4,893,242 5,078,609 5,187,855 5,308,823 5,541,905 5,587,690
OCEA 11,514,462 11,979,991 12,269,356 12,572,670 13,099,044 13,199,305
OFA 12,651,942 12,848,684 13,130,699 13,799,624 14,399,242 14,599,115
OFMA 1,399,776 1,414,160 1,432,429 1,500,312 1,568,192 1,590,819
OPMA 2,477,516 2,506,462 2,544,758 2,666,381 2,782,702 2,821,476
OPON 5,821,311 5,911,855 6,049,447 6,224,356 6,491,749 6,544,974
OPOS 24,455,573 24,840,917 25,491,906 26,839,582 27,993,224 28,377,771
UNREP 10,275,689 10,567,954 10,754,511 10,988,619 11,480,311 11,577,672
WCE 1,163,307 1,210,329 1,235,428 1,261,181 1,316,606 1,327,164
Grand Total 75,002,070 76,709,725 78,453,998 81,526,490 85,052,555 86,008,355
25
City of Oceanside
General Fund Financial Forecast FY 2009-2015
Bargaining Unit Contract Dates currently in effect Revised 7/27/09
Bargaining unit Contract Dates
COLA Dates
Jan 08 July 08 Dec 08 Jan 09 July 09 July 10
MECO 7/01/07 – 6/30/11 4% 3% 3%
OCEA 7/01/07 – 6/30/11 3% 4% 3%
Unrep 7/11/07 – 6/30/11 4% 2% 3%
WCE 9/12/07 – 6/30/11 3.5% 3.5% 3%
OFA 1/01/08 – 12/31/09 4% 4%
OFMA 7/01/07 – 6/30/09 4% 4%
OPOA 1/01/08 – 12/31/09 4.5% 4.5%
OHPOA 1/01/08 – 12/31/09 4.5% 4.5%
OPMA 7/01/08 – 6/30/10 4.5% 4.5%
OPOA-NS 9/12/07 – 6/30/11 3% 4%
26
BUDGETED POSITIONS WITHIN BARGAINING UNITS
ELECT (General Fund FTE 7)
Elected Officials Council Member Deputy Mayor
Mayor
City Treasurer City Clerk
MECO (General Fund FTE 51) Management Employees of the City of Oceanside Exempt Classifications Accountant
Accounting Supervisor Administrative Analyst I
Administrative Analyst II
Customer Service Supervisor
Engineering Services Manager
Environmental Specialist I Environmental Specialist II
Laboratory Supervisor
Police Records Supervisor
Principal Engineering Staff Assistant Principal Librarian Principal Planner
Program Specialist
Public Information Officer (Police)
Public Works Inspection Superintendent
Records Manager Recreation Supervisor
Senior Chemist Senior Civil Engineer
Senior Code Enforcement Officer
Senior Planner
Senior Property Agent
Senior Transportation Engineer Supervising Accountant
Supervising Property Agent
Transportation Engineer
Transportation Operations Supervisor
Water Utilities Engineer
Waste Management Specialist
Non-exempt classifications
Administrative Secretary Aquatics Supervisor Beach Lifeguard - Captain Chief Plant Mechanic Chief Plant Operator Community Services Supervisor Electrical/Traffic Maintenance Supervisor Evidence and Property Supervisor
Fleet Supervisor Geographic Information Systems Supervisor Instrumentation Supervisor Maintenance Supervisor Meter Shop Supervisor Ordinance Enforcement Supervisor Plant Maintenance Supervisor Records Center Supervisor
Senior Building Inspector Supervising Automotive Technician Supervising Housing Specialist Supervising Mechanic Utility Supervisor Wastewater Plant Supervisor Water Distribution Supervisor Water Treatment Supervisor
27
OCEA (General Fund FTE 169)
Oceanside City Employees’ Association Accounting Specialist I Accounting Specialist II Accounting Technician Apprentice Mechanic Associate Chemist Automotive Technician I Automotive Technician II Automotive Technician III Building Inspector I Building Inspector II Building Inspector III Business License Inspector Code Enforcement Officer I Code Enforcement Officer II Code Enforcement Officer III Community Resource Center Assistant Computer Operator Courier Cross Connection Control Technician Custodian Customer Account Representative I Customer Account Representative II Development Specialist Distribution Operator I Distribution Operator II Distribution Operator III Document Technician Electrician Electronic Specialist Electronic Technician Engineering Assistant I Engineering Assistant II Engineering Staff Assistant Evidence and Property Tech I Evidence and Property Tech II
Garage Service Worker Geographic Information Systems Assistant Geographic Information System Specialist Housing Specialist I Housing Specialist II Housing Technician Industrial Waste Inspector Instrumentation Technician I Instrumentation Technician II Laboratory Assistant Laboratory Technician Lead Automotive Technician Lead Custodian Lead Mechanic Lead Public Works Inspector Librarian I Librarian II Library Assistant Library Clerk I Library Clerk II Library Technician Library Trainee Maintenance Specialist Maintenance Worker I Maintenance Worker II Maintenance Worker III Mechanic I Mechanic II Mechanical Technologist I Mechanical Technologist II Meter Service Worker I Meter Service Worker II Meter Service Worker III Microbiologist Minutes Specialist
Office Services Technician Office Specialist I Office Specialist II Parking Enforcement Coordinator Parking Enforcement Officer I Parking Enforcement Officer II Property Agent Public Works Inspector Purchasing Coordinator Purchasing Technician Records Center Technician Recreation Specialist I Recreation Specialist II Senior Customer Account Representative Senior Distribution Operator Senior Engineering Assistant Senior Engineering Staff Assistant Senior Evidence and Property Technician Senior Librarian Senior Library Assistant Senior Meter Service Worker Senior Office Specialist Senior Parking Enforcement Officer Senior Utility Worker Stock Clerk Traffic Engineering Technician Utility Worker I Utility Worker II Utility Worker III Wastewater Plant Operator I Wastewater Plant Operator II Wastewater Plant Operator III Water Plant Operator I Water Plant Operator II Water Plant Operator III
28
OFA (General Fund FTE 100) Oceanside Firefighters’ Association
Fire Captain (40 Hour) Fire Captain (56 Hour) Fire Engineer (40 Hour)
Fire Engineer (56 Hour) Fire Safety Specialist Firefighter Paramedic (40 Hour)
Firefighter Paramedic (56 Hour)
OFMA (General Fund FTE 7) Oceanside Fire Management Association
Assistant Fire Chief Fire Battalion Chief Fire Marshal
OPMA (General Fund FTE 12) Oceanside Police Management Association
Police Captain Police Lieutenant
OPON (General Fund FTE 78) Oceanside Police Officers’ Association (Non-Sworn)
Aquatics Specialist Beach Lifeguard Sergeant Beach Lifeguard Lieutenant Dispatcher I Dispatcher II
Communications Supervisor Community Services Officer Crime Prevention Specialist Field Evidence Technician Trainee Field Evidence Technician
Investigative Assistant Police Records Technician Senior Field Evidence Technician Senior Police Records Technician
OPOS (General Fund FTE 193) Oceanside Police Officers’ Association (Sworn)
Police Officer Police Sergeant
29
UNREP (General Fund FTE 87) Unrepresented Employees
Executive Management (Unclassified) Assistant City Attorney City Attorney City Manager Community Development Director Deputy City Manager
Economic Development and Redevelopment Director Financial Services Director Fire Chief Harbor & Beaches Director Human Resources Director
Library Director Neighborhood Services Director Parks and Recreation Director Police Chief Public Works Director Water Utilities Director
Middle Management Accounting Manager Assistant City Clerk Assistant to the City Manager Assistant Library Director Assistant Treasurer Budget Manager Building Inspections Manager Chief Building Official Chief Information Officer City Engineer City Development Engineer City Traffic Engineer Claims Officer Clean Water Coordinator Code Enforcement Manager *Deputy City Attorney I *Deputy City Attorney II Deputy City Engineer Development Coordinator Employee Services Division Manager Environmental Regulatory Compliance Officer Equal Employment Opportunity Manager Financial Services Division Manager Fleet Manager Harbor and Beaches Division Manager Harbor Police Sergeant Housing Program Manager
Human Resources Division Manager Library Division Manager Maintenance Manager Neighborhood Services Division Manager Permit Processing Manager Police Records Manager Principal Human Resources Analyst *Public Information Officer Public Safety Communications Manager Public Works Division Manager Real Property Manager Redevelopment Manager Risk Manager Senior Human Resources Analyst *Senior Management Analyst Senior Management Analyst Supervising Deputy City Attorney *Treasury Manager Water Utilities Division Manager Workers Compensation and Safety Manager Supervisory/Administrative Accounting Supervisor Administrative Analyst I Administrative Analyst II *Administrative Analyst I *Administrative Analyst II *Administrative Secretary
Applications Analyst I Applications Analyst II Applications Analyst III Applications Analyst IV Assistant Fire Marshall Assistant Training Officer *Council Aide Human Resources Analyst I Human Resources Analyst II Information Systems Analyst I Information Systems Analyst II Information Systems Analyst III Information Systems Analyst IV *Investment Officer *Legal Secretary Literacy Coordinator *Management Analyst Management Analyst Program Specialist *Secretary to the City Attorney *Secretary to the City Manager Senior Accountant Senior Fire Safety Specialist Senior Information Technologies Analyst Water/Wastewater Project Manager
30
UNREP (Cont.) Unrepresented Employees
Confidential Accounting Specialist I Accounting Specialist II Accounting Technician Human Resources Assistant Human Resources Technician Information Systems Specialist I
Information Systems Specialist II Office Specialist I/II *Office Specialist I/II *Paralegal I *Paralegal II Payroll Technician I
Payroll Technician II Senior Office Specialist *Senior Office Specialist *Treasury Technician
Technical Aquatics Technician Emergency Medical Technician *Unclassified Position
WCE (General Fund FTE 11) Western Council of Engineers
Assistant Engineer Associate Engineer Associate Planner
Fire Plans Examiner Planner I Planner II
Transportation Planner
31
Barg Unit
Employer Paid
Contribution
Employee Paid
Contribution
Value of
Proposed 1%
PERS Paid by
Employee
Employer Paid
Contribution
Employee Paid
Contribution
Value of
Proposed 1%
PERS Paid by
Employee
Employer Paid
Contribution
Employee Paid
Contribution
Value of
Proposed 1%
PERS Paid by
Employee
Employer Paid
Contribution
Employee Paid
Contribution
Value of
Proposed 1%
PERS Paid by
Employee
ELECT 47,994$ -$ 2,570$ 47,994$ -$ 2,570$ 49,388$ -$ 2,570$ 52,641$ -$ 2,570$
MECO 719,014$ 142,214$ 35,553$ 744,676$ 146,732$ 36,683$ 769,309$ 147,119$ 36,780$ 828,969$ 147,338$ 36,835$
OCEA 1,672,017$ 242,059$ 80,686$ 1,727,212$ 250,045$ 83,348$ 1,778,965$ 250,289$ 83,430$ 1,898,547$ 250,654$ 83,551$
OFA 2,548,051$ -$ 82,435$ 2,639,077$ -$ 82,704$ 2,736,156$ -$ 83,141$ 3,282,078$ -$ 83,280$
OFMA 291,416$ -$ 9,428$ 300,844$ -$ 9,428$ 310,272$ -$ 9,428$ 371,553$ -$ 9,428$
OPMA 499,373$ -$ 16,156$ 515,529$ -$ 16,156$ 531,684$ -$ 16,156$ 636,696$ -$ 16,156$
OPON 860,827$ 124,668$ 41,556$ 868,214$ 125,393$ 41,798$ 896,270$ 125,671$ 41,890$ 971,738$ 126,374$ 42,125$
OPOS 4,877,428$ -$ 157,795$ 5,049,110$ -$ 158,230$ 5,252,358$ -$ 159,598$ 6,314,588$ -$ 160,228$
UNREP 1,538,268$ 303,755$ 75,939$ 1,580,462$ 310,760$ 77,690$ 1,631,720$ 311,429$ 77,857$ 1,761,517$ 311,975$ 77,994$
WCE 176,416$ 25,396$ 8,465$ 182,605$ 26,287$ 8,762$ 188,429$ 26,366$ 8,789$ 200,940$ 26,393$ 8,798$
Grand Total 13,230,806$ 838,092$ 510,582$ 13,655,723$ 859,216$ 517,368$ 14,144,551$ 860,874$ 519,637$ 16,319,268$ 862,734$ 520,964$
Barg Unit
Employer
Contribution
Employee
Contribution
Employer
Contribution
Employee
Contribution
Employer
Contribution
Employee
Contribution
Employer
Contribution
Employee
Contribution
ELECT (NS) 23.849% 0.00% 23.840% 0.00% 24.440% 0.00% 25.840% 0.00%
MECO (NS) 19.849% 4.00% 19.840% 4.00% 20.440% 4.00% 21.840% 4.00%
OCEA (NS) 20.849% 3.00% 20.840% 3.00% 21.440% 3.00% 22.840% 3.00%
OFA (S) 30.910% 0.00% 31.910% 0.00% 32.910% 0.00% 39.410% 0.00%
OFMA (S) 30.910% 0.00% 31.910% 0.00% 32.910% 0.00% 39.410% 0.00%
OPMA (S) 30.910% 0.00% 31.910% 0.00% 32.910% 0.00% 39.410% 0.00%
OPON (NS) 20.209% 3.00% 20.200% 3.00% 20.800% 3.00% 22.200% 3.00%
OPOS (S) 30.910% 0.00% 31.910% 0.00% 32.910% 0.00% 39.410% 0.00%
UNREP (NS) 19.849% 4.00% 19.840% 4.00% 20.440% 4.00% 21.840% 4.00%
WCE (NS) 20.849% 3.00% 20.840% 3.00% 21.440% 3.00% 22.840% 3.00%
FY 10/11 FY 11/12
PERS Percentage Contribution
City of Oceanside
General Fund Financial Forecast
PERS Costs - Employer & Employee Contributions
Note: Employer Paid Contribution includes both employer and employee contributions paid by the City per existing MOU. "Value of Proposed 1% PERS Paid by Employee" identifies potential savings to City if employee pays
1% of the employee contribution.
Note: NS = non-safety PERS "employee rate" is 8% effective FY 09/10; S = safety PERS "employee rate" is 9%; PERS contribution rates established by PERS actuarial valuation. Employee contribution rates established by
MOU's with bargaining groups. FY 09/10 includes implementation of 2.7% @ 55 for non-safety employees. Rates are based on CalPERS actuarial analysis completed by Bartel Associates in August 2009 plus EPMC.
FY 12/13
FY 12/13FY 09/10 FY 10/11 FY 11/12
FY 09/10
32
Actual Actual Actual Projected Projected Projected Projected Projected Projected
FY 06/07 FY 07/08 FY 08/09 FY 09/10 FY 10/11 FY 11/12 FY 12/13 FY 13/14 FY 14/15
Safety ER 5,050,066$ 5,537,143$ 7,047,337$ 6,023,182$ 6,314,267$ 6,633,881$ 8,461,848$ 10,465,312$ 11,133,132$ Safety EE 2,567,181 2,730,120 3,032,474 2,474,150 2,480,506 2,497,069 2,504,328 2,504,328 2,504,328 Miscellaneous ER 3,154,154 3,379,989 3,707,443 7,386,338 7,598,442 7,879,802 8,559,518 11,370,970 11,915,135 Miscellaneous EE 2,675,840 3,001,800 3,186,073 1,491,645 1,530,989 1,533,369 1,535,906 1,535,906 1,535,906 Pension Bond (P&I) 2,587,251 2,691,772 2,799,691 2,915,461 3,028,701 3,148,949 3,275,475 3,407,129 3,538,147
Total 16,034,492$ 17,340,824$ 19,773,018$ 20,290,776$ 20,952,905$ 21,693,070$ 24,337,075$ 29,283,645$ 30,626,648$
Average # Positions 975 1005 1011 980 980 980 980 980 980
CITY OF OCEANSIDE
Annual City Pension Costs (All Funds)
$16.03M$17.34M
$19.77M $20.29M $20.95M $21.69M
$24.34M
$29.28M $30.63M
$20,000,000
$25,000,000
$30,000,000
$35,000,000
earnings, and does not include special PERSable earnings.ER - employer rate portion paid by City (full amount)
EE - employee rate portion paid by City (varies by bargaining group)NOTE: Projected amounts are based on salaried PERSable
$16.03M$17.34M
$19.77M $20.29M $20.95M $21.69M
$24.34M
$29.28M $30.63M
$-
$5,000,000
$10,000,000
$15,000,000
$20,000,000
$25,000,000
$30,000,000
$35,000,000
FY 06/07 FY 07/08 FY 08/09 FY 09/10 FY 10/11 FY 11/12 FY 12/13 FY 13/14 FY 14/15
Safety ER Safety EE Miscellaneous ER Miscellaneous EE Pension Bond (P&I)
33
2.7% @ 55
August 26, 2009 27
Two ways for employees to pay for benefit improvement:
1. Additional amount added to member rate:
a. Total cost of 2.7@55 ≈ 7.1%
b. Employees agree to pay ≈ 3.5% (varies by bargaining group)
c. Member contribution rate increased (by 3.5%) to 11.5%
d. All member contributions go to member account balance
e. City saves ≈ 3.1% (less than 3.5% because some employees take member balance when they leave)
2. Employees pay portion of member rate currently paid by City
a. Employees agree to pay ≈ 3.5% (varies by bargaining group)
b. City pays remainder
c. City saves ≈ 3.5%
City (excluding employee) Contribution Projections Miscellaneous – With & Without Employee Pickup
August 26, 2009
Market Value Investment Return: June 30, 2008 -5.1%
Estimated June 30, 2009 -23.4%7
June 30, 2010 - 2013 75% Confidence Limit8: ≈ 0.4% - 3.6% 50% Confidence Limit: ≈ 7.75% 25% Confidence Limit: ≈ 11.8% - 15.3%
Modified AVA smoothing method
No Other:
Gains or Losses
Method or Assumption Changes
Benefit Improvements 7 Preliminary return published July 21, 2009 by CalPERS. Actual return likely lower. 8 Confidence Limits – Actual Return will exceed the given rate with indicated probabilities, rates vary by year.
34
City (excluding employee) Contribution Projections Miscellaneous – Without Employee Pickup
August 26, 2009
Investment Return Varies
5%
10%
15%
20%
25%
30%
2.7@55 - 75th 8.5% 15.2% 15.2% 15.8% 17.2% 23.5% 24.7% 25.7%
2.7@55 - 50th 8.5% 15.2% 15.2% 15.8% 16.3% 19.8% 20.2% 20.5%
2.7@55 - 25th 8.5% 15.2% 15.2% 15.8% 16.2% 16.6% 16.8% 17.0%
2@55 - 75th 8.5% 9.2% 9.1% 9.7% 11.1% 17.5% 18.8% 19.8%
2@55 - 50th 8.5% 9.2% 9.1% 9.7% 10.3% 13.9% 14.2% 14.5%
2@55 - 25th 8.5% 9.2% 9.1% 9.7% 10.2% 10.5% 10.8% 11.0%
08/09 09/10 10/11 11/12 12/13 13/14 14/15 15/16
City (excluding employee) Contribution Projections Miscellaneous – With Employee Pickup
August 26, 2009 30
Investment Return Varies
5%
10%
15%
20%
25%
30%
2.7@55 - 75th 8.5% 11.7% 11.7% 12.3% 12.7% 13.1% 13.3% 13.5%
2.7@55 - 50th 8.5% 11.7% 11.7% 12.3% 12.8% 16.3% 16.7% 17.0%
2.7@55 - 25th 8.5% 11.7% 11.7% 12.3% 13.7% 20.0% 21.2% 22.2%
2@55 - 75th 8.5% 9.2% 9.1% 9.7% 10.2% 10.5% 10.8% 11.0%
2@55 - 50th 8.5% 9.2% 9.1% 9.7% 10.3% 13.9% 14.2% 14.5%
2@55 - 25th 8.5% 9.2% 9.1% 9.7% 11.1% 17.5% 18.8% 19.8%
08/09 09/10 10/11 11/12 12/13 13/14 14/15 15/16
35
Contribution Projections Safety
August 26, 2009
Market Value Investment Return: June 30, 2008 -5.1% Estimated June 30, 2009 -23.4%5
June 30, 2010 - 2013 75% Confidence Limit6: ≈ 0.4% - 3.6% 50% Confidence Limit: ≈ 7.75% 25% Confidence Limit: ≈ 11.8% - 15.3%
Fresh Starts: No Fresh Starts for 09/10 15 Year +2.1% 20 Year +1.0% 25 Year +0.4%
No Other: Gains or Losses Method or Assumption Changes Benefit Improvements
Estimated $87.4 million market value loss: Results in 1.0% 2011/12 contribution rate increase ( ≈ $ 0.3 million) 30 year amortization would be 15.7% rate increase ( ≈ $ 5.2 million)
5 Estimate based on CalPERS 4/30/09 published rate of return of -25.6%, an additional gain of 3.6% through 6/30/09
based on CalPERS market value from the website. 6 Confidence Limits – Actual Return will exceed the given rate with indicated probabilities, rates vary by year.
Contribution Projections Safety
August 26, 2009 20
Investment Return Variesand No Fresh Start 09/10
5%
10%
15%
20%
25%
30%
35%
40%
45%
Unmodified AVA - 75th 21.8% 22.2% 22.1% 29.7% 33.3% 35.9% 38.0% 39.6%
Unmodified AVA - 50th 21.8% 22.2% 22.1% 29.7% 30.1% 30.4% 30.8% 31.1%
Unmodified AVA - 25th 21.8% 22.2% 22.1% 29.7% 29.9% 29.8% 29.7% 29.3%
Modified AVA - 75th 21.8% 22.2% 22.1% 23.1% 29.6% 36.8% 39.2% 41.1%
Modified AVA - 50th 21.8% 22.2% 22.1% 23.1% 25.7% 30.4% 30.9% 31.5%
Modified AVA - 25th 21.8% 22.2% 22.1% 23.1% 23.8% 24.4% 24.8% 25.1%
08/09 09/10 10/11 11/12 12/13 13/14 14/15 15/16
36
Contribution Projections Safety
August 26, 2009 19
Market Value Investment Return: June 30, 2008 -5.1% Estimated June 30, 2009 -23.4%5
June 30, 2010 - 2013 75% Confidence Limit6: ≈ 0.4% - 3.6% 50% Confidence Limit: ≈ 7.75% 25% Confidence Limit: ≈ 11.8% - 15.3%
Fresh Starts: No Fresh Starts for 09/10 15 Year +2.1% 20 Year +1.0% 25 Year +0.4%
No Other: Gains or Losses Method or Assumption Changes Benefit Improvements
Estimated $87.4 million market value loss: Results in 1.0% 2011/12 contribution rate increase ( ≈ $ 0.3 million) 30 year amortization would be 15.7% rate increase ( ≈ $ 5.2 million)
5 Estimate based on CalPERS 4/30/09 published rate of return of -25.6%, an additional gain of 3.6% through 6/30/09
based on CalPERS market value from the website. 6 Confidence Limits – Actual Return will exceed the given rate with indicated probabilities, rates vary by year.
Contribution Projections Safety
August 26, 2009
Investment Return Variesand No Fresh Start 09/10
5%
10%
15%
20%
25%
30%
35%
40%
45%
Unmodified AVA - 75th 21.8% 22.2% 22.1% 29.7% 33.3% 35.9% 38.0% 39.6%
Unmodified AVA - 50th 21.8% 22.2% 22.1% 29.7% 30.1% 30.4% 30.8% 31.1%
Unmodified AVA - 25th 21.8% 22.2% 22.1% 29.7% 29.9% 29.8% 29.7% 29.3%
Modified AVA - 75th 21.8% 22.2% 22.1% 23.1% 29.6% 36.8% 39.2% 41.1%
Modified AVA - 50th 21.8% 22.2% 22.1% 23.1% 25.7% 30.4% 30.9% 31.5%
Modified AVA - 25th 21.8% 22.2% 22.1% 23.1% 23.8% 24.4% 24.8% 25.1%
08/09 09/10 10/11 11/12 12/13 13/14 14/15 15/16
37
City of Oceanside
Five-Year Forecast
Personnel Costs by Bargaining Unit
FY 09-10
Values
Barg U Wages Health Insurance PERS Other Benefits Grand Total FTE
ELECT 256,956 32,880 47,994 11,422 349,252 7.00
MECO* 3,555,343 414,187 719,014 204,699 4,893,242 51.67
OCEA 8,068,622 1,290,206 1,672,017 483,617 11,514,462 168.80
OFA 8,243,452 720,000 2,548,051 1,140,439 12,651,942 100.00
OFMA 942,789 50,400 291,416 115,171 1,399,776 7.00
OPMA 1,615,570 120,816 499,373 241,757 2,477,516 12.00
OPON* 4,155,612 562,445 860,827 242,427 5,821,311 77.60
OPOS 15,779,451 1,651,308 4,877,428 2,147,385 24,455,573 193.00
UNREP* 7,593,879 661,459 1,538,268 482,082 10,275,689 87.02
WCE 846,527 90,552 176,416 49,811 1,163,307 11.00
Grand Total 51,058,201 5,594,253 13,230,806 5,118,810 75,002,070 715.09
GENERAL FUND
6,437,512
-
5,000,000
10,000,000
15,000,000
20,000,000
25,000,000
30,000,000
35,000,000
ELECT MECO* OCEA OFA OFMA OPMA OPON* OPOS UNREP* WCE
Wages Health Insurance PERS Other Benefits Grand Total FTE
38
City of Oceanside
Five-Year Forecast
Personnel Costs by Bargaining Unit
FY 10-11
Values
Barg U Wages Health Insurance PERS Other Benefits Grand Total FTE
ELECT 256,956 34,320 47,994 11,494 350,764 7.00
MECO* 3,668,305 453,213 744,676 212,414 5,078,609 51.67
OCEA 8,334,820 1,415,420 1,727,212 502,538 11,979,991 168.80
OFA 8,270,376 790,800 2,639,077 1,148,430 12,848,684 100.00
OFMA 942,789 55,356 300,844 115,171 1,414,160 7.00
OPMA 1,615,570 132,912 515,529 242,451 2,506,462 12.00
OPON* 4,179,761 618,317 868,214 245,564 5,911,855 77.60
OPOS 15,822,971 1,815,744 5,049,110 2,153,092 24,840,917 193.00
UNREP* 7,769,001 722,450 1,580,462 496,041 10,567,954 87.02
WCE 876,224 99,660 182,605 51,839 1,210,329 11.00
Grand Total 51,736,773 6,138,192 13,655,723 5,179,036 76,709,724 715.09
GENERAL FUND
-
5,000,000
10,000,000
15,000,000
20,000,000
25,000,000
30,000,000
35,000,000
ELECT MECO* OCEA OFA OFMA OPMA OPON* OPOS UNREP* WCE
Wages Health Insurance PERS Other Benefits Grand Total FTE
39
City of Oceanside
Five-Year Forecast
Personnel Costs by Bargaining Unit
FY 11-12
Values
Barg U Wages Health Insurance PERS Other Benefits Grand Total FTE
ELECT 256,956 39,640 49,388 11,626 357,609 7.00
MECO* 3,677,979 523,461 769,309 217,105 5,187,855 51.67
OCEA 8,342,953 1,634,811 1,778,965 512,627 12,269,356 168.80
OFA 8,314,056 913,374 2,736,156 1,167,113 13,130,699 100.00
OFMA 942,789 63,936 310,272 115,432 1,432,429 7.00
OPMA 1,615,570 153,513 531,684 243,990 2,544,758 12.00
OPON* 4,189,040 714,156 896,270 249,982 6,049,447 77.60
OPOS 15,959,764 2,097,184 5,252,358 2,182,600 25,491,906 193.00
UNREP* 7,785,715 834,429 1,631,720 502,646 10,754,511 87.02
WCE 878,867 115,107 188,429 53,025 1,235,428 11.00
Grand Total 51,963,689 7,089,612 14,144,551 5,256,145 78,453,998 715.09
GENERAL FUND
-
5,000,000
10,000,000
15,000,000
20,000,000
25,000,000
30,000,000
35,000,000
ELECT MECO* OCEA OFA OFMA OPMA OPON* OPOS UNREP* WCE
Wages Health Insurance PERS Other Benefits Grand Total FTE
40
City of Oceanside
Five-Year Forecast
Personnel Costs by Bargaining Unit
FY 12-13
Values
Barg U Wages Health Insurance PERS Other Benefits Grand Total FTE
ELECT 256,956 43,604 52,641 11,741 364,942 7.00
MECO* 3,683,455 575,808 828,969 220,592 5,308,823 51.67
OCEA 8,355,129 1,798,292 1,898,547 520,702 12,572,670 168.80
OFA 8,328,034 1,004,711 3,282,078 1,184,801 13,799,624 100.00
OFMA 942,789 70,330 371,553 115,640 1,500,312 7.00
OPMA 1,615,570 168,865 636,696 245,250 2,666,381 12.00
OPON* 4,212,481 785,571 971,738 254,565 6,224,356 77.60
OPOS 16,022,806 2,306,903 6,314,588 2,195,285 26,839,582 193.00
UNREP* 7,799,365 917,872 1,761,517 509,864 10,988,619 87.02
WCE 879,771 126,618 200,940 53,853 1,261,181 11.00
Grand Total 52,096,355 7,798,573 16,319,268 5,312,293 81,526,489 715.09
GENERAL FUND
-
5,000,000
10,000,000
15,000,000
20,000,000
25,000,000
30,000,000
35,000,000
ELECT MECO* OCEA OFA OFMA OPMA OPON* OPOS UNREP* WCE
Wages Health Insurance PERS Other Benefits Grand Total FTE
41
City of Oceanside
Five-Year Forecast
Personnel Costs by Bargaining Unit
FY 13-14
Values
Barg U Wages Health Insurance PERS Other Benefits Grand Total FTE
ELECT 256,956 43,604 67,280 11,741 379,580 7.00
MECO* 3,683,455 575,808 1,062,051 220,592 5,541,905 51.67
OCEA 8,355,129 1,798,292 2,424,920 520,702 13,099,044 168.80
OFA 8,328,034 1,004,711 3,881,697 1,184,801 14,399,242 100.00
OFMA 942,789 70,330 439,434 115,640 1,568,192 7.00
OPMA 1,615,570 168,865 753,017 245,250 2,782,702 12.00
OPON* 4,212,481 785,571 1,239,131 254,565 6,491,749 77.60
OPOS 16,022,806 2,306,903 7,468,230 2,195,285 27,993,224 193.00
UNREP* 7,799,365 917,872 2,253,209 509,864 11,480,311 87.02
WCE 879,771 126,618 256,365 53,853 1,316,606 11.00
Grand Total 52,096,355 7,798,573 19,845,335 5,312,293 85,052,556 715.09
GENERAL FUND
-
5,000,000
10,000,000
15,000,000
20,000,000
25,000,000
30,000,000
35,000,000
ELECT MECO* OCEA OFA OFMA OPMA OPON* OPOS UNREP* WCE
Wages Health Insurance PERS Other Benefits Grand Total FTE
42
City of Oceanside
Five-Year Forecast
Personnel Costs by Bargaining Unit
FY 14-15
Values
Barg U Wages Health Insurance PERS Other Benefits Grand Total FTE
ELECT 256,956 43,604 70,068 11,741 382,369 7.00
MECO* 3,683,455 575,808 1,107,835 220,592 5,587,690 51.67
OCEA 8,355,129 1,798,292 2,525,182 520,702 13,199,305 168.80
OFA 8,328,034 1,004,711 4,081,569 1,184,801 14,599,115 100.00
OFMA 942,789 70,330 462,061 115,640 1,590,819 7.00
OPMA 1,615,570 168,865 791,791 245,250 2,821,476 12.00
OPON* 4,212,481 785,571 1,292,357 254,565 6,544,974 77.60
OPOS 16,022,806 2,306,903 7,852,777 2,195,285 28,377,771 193.00
UNREP* 7,799,365 917,872 2,350,570 509,864 11,577,672 87.02
WCE 879,771 126,618 266,922 53,853 1,327,164 11.00
Grand Total 52,096,355 7,798,573 20,801,134 5,312,293 86,008,355 715.09
GENERAL FUND
-
5,000,000
10,000,000
15,000,000
20,000,000
25,000,000
30,000,000
35,000,000
ELECT MECO* OCEA OFA OFMA OPMA OPON* OPOS UNREP* WCE
Wages Health Insurance PERS Other Benefits Grand Total FTE
43
City of Oceanside
Vacancy Report - General Fund
As of June 30, 2009
Department Authorized Position FTE
City Clerk Minutes Specialist 1
Development Services Senior Property Agent 0.2Planner I 1
Economic & Community Development Senior Property Agent 0.2
Financial Services Program Specialist 1
Fire Firefighter Recruit (56 Hour) 10Firefighter Paramedic (56 Hour) 3Fire Captain (56 Hour) 1
Human Resources Human Resources Analyst I 1
Library Librarian II 1
Neighborhood Services Administrative Secretary 1Recreation Specialist I 2
Police Dispatcher I 1Dispatcher II 2Field Evidence Technician 1Senior Field Evidence Technician 1Police Officer 5Police Officer Recruit 4
Public Works Senior Office Specialist 0.5Maintenance Worker II 1
37.9
*Does not include any positions eliminated/added as a result of budget reductions.**Does not include terminations and initial appointments starting July 2009.
44
FY 05/06 175,045FY 06/07 176,755FY 07/08 178,806FY 08/09 182,795FY 09/10 186,785FY 10/11 187,719FY 11/12 188,658FY 12/13 189,601FY 13/14 190,549FY 14/15 191,502
Employees per capita (per 1,000) 5.27 5.19 5.22 4.06 3.83 3.81 3.79 3.77 3.75 3.73
General Government 113.75 117.00 115.50 89.00 85.34 85.34 85.34 85.34 85.34 85.34
Public Safety 436.00 427.25 454.00 447.00 426.00 426.00 426.00 426.00 426.00 426.00
Public Works 166.75 165.35 119.35 43.00 42.00 42.00 42.00 42.00 42.00 42.00
Community Development 31.00 32.00 75.00 68.00 59.75 59.75 59.75 59.75 59.75 59.75
Cultural Services 175.05 176.20 170.20 96.00 101.97 101.97 101.97 101.97 101.97 101.97
Total 922.55 917.80 934.05 743.00 715.06 715.06 715.06 715.06 715.06 715.06
Population 175,045 176,755 178,806 182,795 186,785 187,719 188,658 189,601 190,549 191,502
City of Oceanside
Employees per Capita
All Employees / General Fund Only
45
0.00
1.00
2.00
3.00
4.00
5.00
6.00
FY 05/06
175,045
FY 06/07
176,755
FY 07/08
178,806
FY 08/09
182,795
FY 09/10
186,785
FY 10/11
187,719
FY 11/12
188,658
FY 12/13
189,601
FY 13/14
190,549
FY 14/15
191,502
5.27 5.19 5.22
4.063.83 3.81 3.79 3.77 3.75 3.73
City of Oceanside
Employees per capita*
(General Fund Only)* per 1,000 population
46
2.35
2.40
2.45
2.50
2.55
2.49
2.42
2.54
2.45
City of Oceanside
Public Safety Employees per capita** per 1,000 population* per 1,000 population
2.05
2.10
2.15
2.20
2.25
2.30
2.35
2.40
2.45
2.50
2.55
FY 05/06
175,045
FY 06/07
176,755
FY 07/08
178,806
FY 08/09
182,795
FY 09/10
186,785
FY 10/11
187,719
FY 11/12
188,658
FY 12/13
189,601
FY 13/14
190,549
FY 14/15
191,502
2.49
2.42
2.54
2.45
2.282.27
2.262.25
2.242.22
City of Oceanside
Public Safety Employees per capita** per 1,000 population* per 1,000 population
47
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