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CC 04-22-20 Oral Communications_Written CommentsCC 04-22-20 Oral Communications Written Comments 1 Cyrah Caburian From:Viji <viji55665@gmail.com> Sent:Wednesday, April 22, 2020 6:46 PM To:City Clerk Cc:City Council Subject:Oral Comments CC Meeting 4/22/2020 _ please read Attachments:Agenda - Tuesday, April 21, 2020.pdf CAUTION: This email originated from outside of the organization. Do not click links or open attachments unless you recognize the  sender and know the content is safe.    Dear Council Members,    On April 7th meeting, the City Manager provided a brief summary on financial impact due to COVID -19 and stated more information will be provided on April 21st City council meeting. However, the City did not provide the details yesterday. When the City's 80+ employees have been furloughed, the public should know what City services are impacted due to this action, and how the City is taking care of its employees. More details should be provided on shortfall of revenues and mitigation plans for current fiscal Year and next.    City of Campbell had an agenda item yesterday on " Receive an Update on Initial Fiscal and Budgetary Impacts Due to COVID19 and Provide Staff with Feedback Regarding Recommended Strategies in Fiscal Year (FY) 2019-20 and FY 2020-21 to Address Those Impacts"    The report presented by them is very detailed and informative and provides transparency on the current state of their City's finances and the plans to mitigate this unprecedented crisis.     I would appreciate if the City of Cupertino brings a detailed report on April 28th. This would enable the public and Council members to have a clear picture on City's finances and the council can deliberate and provide guidance to the City Staff.    Attached is the Initial Fiscal and Budgetary Impacts Due to COVID-19 from City of Campbell.    Thanks,    Viji  City Council Report TITLE: Receive an Update on Initial Fiscal and Budgetary Impacts Due to COVID-19 and Provide Staff with Feedback Regarding Recommended Strategies in Fiscal Year (FY) 2019-20 and FY 2020-21 to Address Those Impacts RECOMMENDED ACTION That the City Council receive an update on the initial fiscal and budgetary impacts due to COVID-19 and provide staff with feedback regarding recommended strategies in Fiscal Year (FY) 2019-20 and FY 2020-21 to address those impacts. BACKGROUND Due to the rapidly increasing spread of the Novel Coronavirus Disease (COVID-19) in many parts of the United States, California, and the Bay Area, the County of Santa Clara Public Health Department issued its first public health order on March 9, 2020; imposing a countywide moratorium on mass gatherings of 1,000 or more persons. The City Manager, serving as the Director of Emergency Services, then proclaimed a local emergency in the City of Campbell on March 12, ratified by Council resolution on March 17. A second County public health order followed this resolution on March 13, imposing a countywide moratorium on mass gatherings of more than 100 persons and a conditional moratorium on gatherings between 35 and 100 persons. A third public health order was issued on March 16 for all residents in the County to shelter in place and for all businesses and governmental agencies to cease non -essential operations at physical locations through April 7, 2020. A f ourth public health order was issued on March 31, extending the terms of the third-order through May 3, 2020, and clarifying the definition of essential and non-essential services[1]. These orders mirror guidance from the State of California and the Center for Disease Control and Prevention (CDC) as well as public health orders of many states nationwide. Through the use of social distancing and shelter in place orders, public health officials hope to slow the spread o f COVID-19 until a viable cure can be developed, tested, and administered. While social distancing guidance and shelter in place, orders have started to have their intended effect in slowing down the spread of COVID -19 cases nationwide, more specifically in California. The effects have resulted in significant portions of the local, state, and national economy being shut down partially or completely. For Campbell, this has meant a direct and immediate fiscal impact on major City revenue sources such as Sales Tax, Transient Occupancy Tax (TOT), Licenses and Permits, and Charges for Item: 7 Category: NEW BUSINESS Meeting Date: April 21, 2020 7 Packet Pg. 173 Initial Fiscal and Budgetary Update: COVID-19 Page 2 of 12 Service. Before the County public health orders, staff was in the midst of preparing the Fiscal Year (FY) 2020-21 Proposed Operating Budget and the 2021 -2025 Capital Improvement Plan (CIP) for City Council consideration in June 2020. As such, this report will provide the City Council with the following information: • FY 2019-20 initial estimated revenue impacts due to COVID-19 • FY 2019-20 recommended strategies to address fiscal impacts of COVID-19 • FY 2020-21 initial estimated revenue impacts due to COVID-19 • FY 2020-21 recommended budget approaches and strategies due to COVID-19 • Potential state and federal aid for local governments • Update on the operating budget and CIP development process These are extremely negative events or occurrences that are impossibly difficult to predict, unexpected, and unknowable. Each event is also unique in its characteristics and impacts. Staff will continue to provide the Council with the best inform ation available and informed recommendations to ensure fiscal stability given a number of possible economic outcomes. Due to the unique nature of individual Black Swan events, the magnitude and duration of COVID-19's economic impacts cannot be predicted with absolute certainty. DISCUSSION FY 2019-20 Initial Estimated Revenue Impacts Due to COVID-19 As previously discussed, Santa Clara County and Campbell are under shelter in place orders through at least May 3, 2020, a period equaling approximately 1.5 months since the original shelter in place order went into effect on March 16. It is also possible given the closure of many Bay Area school districts for the remainder of the school year, that shelter in place orders could be extended through the end of June 2020. That would equal approximately 3.5 months since the original shelter in place order went into effect. As a result of shelter in place orders, local retail businesses and restaurants have either closed temporarily or been reduced to limited service; local hotels have seen occupancy rates and room rates drop drastically. The City recreation programs, and events have been canceled, and City building permitting, and other revenue-generating services have been temporarily halted, which has again had a direct and immediate fiscal impact on major City revenue sources such as Sales Tax, Transient Occupancy Tax (TOT), Licenses and Permits, and Charges for Service. On March 3, 2020, before shelter in place orders and the full extent of COVID -19's spread were known, staff provided the City Council with a mid -year financial status update that showed improving General Fund revenues and the need to minimally drawdown on General Fund reserves by approximately $398,000 in FY 2019 -20. Estimated General Fund revenues at the time are shown in Table 1 below: 7 Packet Pg. 174 Initial Fiscal and Budgetary Update: COVID-19 Page 3 of 12 Table 1 - Mid-Year General Fund Revenue Update Revenue Category Proj YE 19-20 % of Total Property Tax 16,932,000$ 29.57% Sales Tax 15,891,400$ 27.75% Charges for Service 5,444,903$ 9.51% Transient Occupancy Tax 4,785,400$ 8.36% Franchise Taxes 3,736,800$ 6.53% Other Revenue 3,348,591$ 5.85% Licenses & Permits 2,356,500$ 4.12% Other Taxes 1,633,500$ 2.85% Other Funding Sources 1,380,016$ 2.41% Intergovernmental Revenue 915,470$ 1.60% Investment Income 478,000$ 0.83% Fines & Forfeitures 362,300$ 0.63% TOTAL REVENUES 57,264,880$ 100.00% Property Tax is the City's largest revenue source. Fortunately, staff does not expect it to be negatively impacted by COVID-19 in either FY 2019-20 or FY 2020-21, even if there are delinquencies or delays in individual taxpayer payments. The City is on a Teeter Plan for property taxes in which it receives 100% of what is supposed to be collected every fiscal year by Santa Clara County. The County is able to offer this guarantee in exchange for keeping 100% of any penalty and interest charges on delinquent property tax payments that would have been owed to the City. It is possible the State could suspend Teeter Plans in the wake of COVID-19, but staff does not expect that to occur at this time and expects Campbell to receive its full estimated share of property taxes in FY 2019-20. The assessment roll for FY 2020 -21 is nearing completion by the County, and staff does not expect that COVID-19 will have a negative impact on assessed valuations yet. Thus, property tax revenues should still see normal 2% to 4% growth in FY 2020-21. If the economic impacts of COVID-19, though, are prolonged, property taxes could be negatively impacted starting FY 2021-22. Sales Tax is the City's second-largest revenue source, and unfortunately, staff does expect it to be negatively impacted by COVID-19 in FY 2019-20. Staff has performed a business sector by sector analysis of sales tax revenues and used the assumption that the level of current shelter in place orders will remain i n place through at least June 30, 2020. Using these assumptions, the City could lose approximately $1.46 million over what it was expecting in sales tax revenues for FY 2019-20. Such losses could be less if shelter in place orders are lifted or eased befor e June 30, 2020. However, on March 30, 2020, Governor Newsom approved Executive Order N-40-20, which allows small businesses with less than $5 million in annual sales to defer up to $50,000 of their Quarter 1 (Q1) 2020 sales tax payments until FY 2020 -21. The City should eventually receive these payments, but such deferral could further decrease sales tax revenues received in FY 2019-20. In total, 1,132 businesses within Campbell earned less than $5 million in annual sales in calendar year 2019. It is uncertain as to the total number of small businesses that will defer their Q1 2020 sales tax payments, but this could further 7 Packet Pg. 175 Initial Fiscal and Budgetary Update: COVID-19 Page 4 of 12 negatively impact FY 2019-20 sales tax revenues by up to $500,000. Staff, with this assistance of the City's sales tax consultants, will monitor deferrals and provide Council with a better update once actual payment data for Q1 is available in May 2020. Charges for Service is the City's third-largest revenue source, and staff also expects it to be negatively impacted by COVID-19 in FY 2019-20. The primary impacts are expected to occur in Recreation programs and events since many have canceled or postponed indefinitely. Other losses are expected in Community Development Zoning Fees and Public Works Capital Project Overhead Offset Fees. Using the assumption that that the level of current shelter in place orders will remain in place through at least June 30, 2020, staff expects a loss of $1.67 million over what is was expecting in charges for service in FY 2019-20. Such losses could be less if shelter in place orders lifted or eased before June 30, 2020. And these losses are offset by $633,000 in salary savings for temporary personnel in fee-based Recreation programs that have been released from City service as of April 10, 2020, as well as other associated costs. And while the Public Works Department will see decreased Capital Project Overhead Offset Fees, it also expects to see approximately $150,000 in salary savings in vacant positions that would normally charge their time to capital projects. Therefore, the net revenue decrease in charges for service is approximately $886,000 after factoring in associated savings. Transient Occupancy Tax (TOT) is the City's fourth-largest revenue source, and staff also expects it to be negatively impacted by COVID-19 in FY 2019-20. Despite the fact that Campbell hotels remain open, all have experienced significant decreases in their occupancy rates and room rates since shelter in place orders went into effect. And even before those orders, hotels were seeing reduced occupancy rates due to many businesses beginning to restrict commercial travel starting in February 2020. Thus, using the assumption that the level of current shelter in place orders will remain in place through at least June 30, 2020, that occupancy rates will equal 15%, and average room rates will be decreased by 12%, staff expects the City to see a decrease in TOT revenues of approximately $1.5 million in FY 2019-20. Occupancy rates for Campbell hotels are normally above 80%, and staff contacted a number of local hotels to determine their current occupancy and room rates. Franchise Tax is the City's fifth-largest revenue source, and staff does not expect it to be negatively by COVID-19 in either FY 2019-20 or FY 2020-21. Franchise taxes are collected for electric, gas, cable television, garage, and telephone franchise agreements already in place and are based upon consumer usage. They are normally fairly stable even in economic downturns and usually increase annually per contractual agreement or inflationary adjustments. Staff, though, will continue to monitor this revenue source and provide Council with updates should it see a COVID-19 related decrease. The preceding provided detail on potential decreases in the City’s five largest General Fund revenue sources in FY 2019-20 due to COVID-19. However, staff also expects approximately $1.13 million in decreases in other General Fund revenue sources in FY 2019-20 due to COVID-19. These include a $78,000 in decrease to Other Taxes, a 7 Packet Pg. 176 Initial Fiscal and Budgetary Update: COVID-19 Page 5 of 12 $359,000 decrease to Licenses & Permits, a $213,000 decrease to Fines & Forfeitures, a $38,000 decrease to Intergovernmental Revenue, and a $444,000 decrease to Other Revenues which include Recreation Rental Income. In total, net revenue losses in FY 2019-20 due to COVID-19 could equal approximately $4.96 million or 8.7% across all General Fund revenue categories after factoring in associated savings discussed previously. If these numbers should change up or down, staff will provide City Council with an update. FY 2019-20 Recommended Strategies to Address Fiscal Impacts of COVID-19 To address the potential $4.9 million revenue loss due to COVID -19 discussed previously, the City Manager and staff have already implemented the following cost containment strategies in FY 2019-20: • Limited hiring freeze except for those positions which address public health and safety – The City currently has vacancies in the following permanent positions. Estimated annual total compensation costs (salary and benefits) are shown in parenthesis: o Recreation and Community Service Director ($331,000) o Associate Planner ($196,000) o Parks Supervisor ($214,000) o Building Maintenance Supervisor ($206,000) o Building Maintenance Worker ($158,000) o Deputy City Manager ($251,000) o Chief Building Official ($254,000) o Recreation Specialist ($119,000) o Assistant Engineer ($196,000) o Police Officers (3.0 FTEs) – ($215,000 each/ $645,000 total) In total, these positions equal approximately $2.57 million in annual salary and benefit costs. • Release of all temporary part-time employees as of April 10, 2020 – Most of these positions are in the Recreation Department, but there were also temporary part-time employees in all departments. As of this report, the City was averaging approximately $83,000 in salary and benefit costs per payroll period for its part- time temporary staff. With their release as of April 10, that will result in no part - time temporary staffing costs for approximately 5.5 bi-weekly pay periods. Based on historical averages, that would equal approximately $456,500 in salary and benefit savings through June 30, 2020; assuming that no staff return before this time. Most of those cost savings are captured in the $633,000 of Recreation salary savings discussed previously and should not be counted twice. Still, staff did want to provide more detail on these savings as an already enacted cost containment strategy. 7 Packet Pg. 177 Initial Fiscal and Budgetary Update: COVID-19 Page 6 of 12 • Employee use of leave time as of April 8, 2020 – Through April 7 and similar to other Bay Area public agencies, the City of Campbell was providing paid administrative leave for any employee not deemed to be performing an essential service onsite or not able to work remotely offsite. Since that time, the City has implemented a Limited Duration Teleworking During an Emergency Policy , which should allow more staff to remain productive offsite. For any employee who cannot remain fully productive during the current shelter in place orders through May 3 and who is not a necessary emergency worker, they are now required to augment their hours with their accrued leave banks. This will not decrease the City’s costs in FY 2019-20, but it will decrease the City’s long-term liabilities for accrued leave. Nevertheless, the City must also now comply with the recently passed Families First Coronavirus Response Act (FFCRA), which creates two new emergency paid leave options in response to the COVID-19 global pandemic. These leaves are available to all employees under certain circumstances and are not supported by Federal or State funding. Thus, the City may see reduced positive impact on its strategy requiring employees to use previously accrued leave time if not able to remain fully productive during current shelter in place orders. In addition to the strategies already implemented, staff also recommends the following strategies in FY 2019-20 to mitigate potential revenue losses to COVID-19 and requests Council feedback: • Use of the General Fund Emergency Reserve – As of the fiscal year ending June 30, 2019, the City had $5.59 million in its General Fund Emergency Reserve. Per Section 20.V.A. of the Council Financial Policies, this reserve is based on 10% of General Fund revenue. It will only be used in the case of dire need as a result of physical or financial emergency as determined by the City Council. Emergencies of physical nature include but are not limited to: natural disasters such as earthquakes, fire, flooding, or severe weather -related damage, resulting in significant loss of infrastructure or damage to City property requiring material expenditures for repair or replacement of essential City equipment or structures. e.g., police or other emergency vehicles, computer systems infrastructure, City Hall, Community Center, service center buildings, and equipment required to deliver essential city se rvices. Emergencies of a financial nature would include but not be limited to material onetime statutory reductions in revenue or unexpected/unbudgeted losses due to judgments or liability claims in excess of the liability claims reserve balance. Mitigatio n of unexpected and significant revenue losses due to a global pandemic and COVID-19 could be an appropriate use of this reserve account, and staff encourages Council to consider its use to maintain critical city services and cash flow requirements in FY 2019- 20. The decision to utilize this reserve does not have to be decided upon until August 2020, when the City is closing its financial books for FY 2019 -20. At that time or before, staff will request Council authorization to use the General Fund Emergency Reserve, but only up to an amount that is necessary to preserve as much of the account as possible for future needs. 7 Packet Pg. 178 Initial Fiscal and Budgetary Update: COVID-19 Page 7 of 12 • Application to the Federal Emergency Management Agency (FEMA) Community Disaster Loan (CDL) Program – The Stafford Act authorizes FEMA to provide direct loans to local governments who have suffered a substantial loss as a result of a major presidentially declared disaster . It can demonstrate a need for Federal financial assistance in order to perform its governmental functions1. Cities such as Campbell may apply for these loans up to $5 million, and they are payable back over a five-year period, which can also be extended to 10 years. While these funds would restrict the City’s future debt capacity until they are paid back, they could provide the City with necessary cash flow to meet its requirements and maintain critical services until the economic impacts of COVID-19 subside. Staff will continue to explore the conditions of the FEMA CDL program and return to Council at a later time if its use is needed and seems fiscally prudent. • Application to the Federal Reserve Municipal Liquidity Facility Program – On April 9, 2020, the US Federal Reserve authorizes the use of $2.3 trillion in loans to support the economy. $500 billion of this was set aside as a Municipal Liquidity Facility program to help state and local governments manage cash flow stresses caused by COVID-192. Details of this program are not yet fully available and may only be available to those jurisdictions with populations over one million. Staff will also explore its conditions and return to Council at a later time, if its use is needed, allowable, and seems fiscally prudent. However, like the CDL program, these funds need to be paid back and would restrict the City’s future debt capacity until fully repaid. FY 2020-21 Initial Estimated Revenue Impacts Due to COVID-19 A significant portion of the local, state and national economy have been partially or completely shut down due to shelter in place orders. It can be reasonably assumed that shelter in place orders will continue through the end of June 2020 ; the potential economic impacts of COVID-19 are fairly well, although not completely established for FY 2019-20. The economic impacts to FY 2019-20 have some level of certainty. The impacts to FY 2020-21 have much less certainty since no one can predict when shelter in place orders will finally be lifted, or whether the nation will see a re -emergence of COVID-19 in the future, or how quickly the local, state, and national economy will recover. With the strong state of the national economy and, more specifically, the state and local economy prior to the emergence of COVID-19, some leading economists are predicting a fairly quick economic recovery after the shelter in place orders have been lifted, and the country begins to return to normalcy. Other economists are predicting a recession that mirrors or is worse than the Great Recession of 2008 and has a slower recovery starting in Spring/Summer 2021. For the time being, and in order to provide initial estimated revenue impacts for FY 2020 -21, staff is assuming that COVID-19 will 1 FEMA CDL Program Fact Sheet - https://www.fema.gov/media-library-data/1549377354379- 306d5989736705cf2f921b802d01663e/What_is_Community_Disaster_Loan_2.4.19.pdf 2 Press Release Board of Governors of the Federal Reserve (April 9, 2020) - https://www.federalreserve.gov/newsevents/pressreleases/monetary20200409a.htm 7 Packet Pg. 179 Initial Fiscal and Budgetary Update: COVID-19 Page 8 of 12 push the economy into a recession that is at least as bad as the Great Recession of 2008; with a recovery starting in Spring/Summer 2021. The Great Recession of 2008 started in September 2008 and negatively impacted the City’s total General Fund revenues in FY 2008 -09 by 3.66% and in FY 2009-10 by an additional 4.69%. The City began to experience a recovery in FY 2010-11. The following percentage decreases were seen in these two fiscal years in the following General Fund Revenue categories: Table 2 - General Fund Revenue Losses Due to 2008 Great Recession Revenue Category % Loss FY 2008-09 % Loss FY 2009-10 Property Tax 6.73%-1.36% Sales Tax -6.86%-0.91% Franchise Taxes 1.95%-1.32% Transient Occupancy Taxes -20.50%0.81% Other Taxes -33.24%-10.87% Licenses & Permits -36.82%-32.67% Fines & Forfeitures 5.01%9.64% Investment Incomes -17.53%-62.39% Intergovernmental Revenue -20.72%-0.55% Charges for Service 1.52%3.59% Other Revenue 11.36%-19.67% Other Funding Sources 8.41%11.62% TOTAL REVENUE LOSS 3.66%4.69% Note: % Losses are in comparison to the prior fiscal year As shown, property tax revenues were not initially impacted by the Great Recession but did decline over time with their recovery, not starting until FY 2011-12. The last recession was due to a housing bubble, and a potential recession from COVID-19 will not be due to a housing bubble. Sales tax, transient occupancy taxes, other taxes, licenses and permits, investment income, and intergovernmental revenue could negatively be impacted by COVID-19 in FY 2020-21. If using the 2008 Great Recession as a basis, this negative impact could be between $5.4 million to $7.1 million in FY 2020-21 when compared to staff’s pre-COVID-19 General Fund revenue estimates. Nevertheless, these are only initial estimates, and much more data is necessary to determine the true economic impacts of COVID-19 in FY 2020-21. As more information is made available, staff will provide the Council with updates. FY 2020-21 Recommended Budget Approach and Strategies Due to COVID-19 Since COVID-19 is a “Black Swan” economic event where the true impacts cannot be known with absolute certainty, staff recommends implementing the following budget approach and strategies for the FY 2020-21 Operating Budget and 2021-2025 Capital Improvement Plan (CIP) and requests Council feedback: 7 Packet Pg. 180 Initial Fiscal and Budgetary Update: COVID-19 Page 9 of 12 • Establishment of a carryover budget except for known salary & benefit and contractual increases for necessary agreements – Until the impacts of COVID-19 can be better known; staff recommends only appropriating enough funds in FY 2020-21 to maintain current services. No other requests to increase costs should be considered. Employee services costs account for 58% of the City’s General Fund Adopted Budget in FY 2019-20, and no new personnel should be added unless they are either cost-neutral or generate net revenue. Additionally, while some of the City’s contractual agreements have programmed cost escalators, staff will also review all contracts and determine whether or not some services could be performed by City staff within their current capacity. • Use of the General Fund Economic Fluctuations Reserve - As of the fiscal year ending June 30, 2019, the City had $9.19 million in its General Fund Economic Fluctuations Reserve. Per Section 20.V.C. of the Council Financial Policies, this reserve shall be maintained, with a target of two months (16.67%) of General Fund operating expenditures, to provide budget stabilization during an economic downturn that could otherwise result in signif icant reductions in service levels and/or organizational staffing. Economic conditions that could require the use of this reserve include, but are not limited to: material decreases in property or sales tax revenues due to economic downturns lasting at least a minimum period of six months; loss of businesses generating significant proportions of sales/use tax; reductions in revenue due to actions by state, federal, or other governmental agencies or legislation. This Reserve shall not be less than $2 million. If the reserve balance falls below $4 million, or the City's five-year financial projections indicate the reserve will fall below this minimum requirement at any time during this period, City staff shall present to Council, by the following year's budget adoption, a plan to return to the target amount within five years. Mitigation of unexpected and significant revenue losses due to a global pandemic and COVID-19 could be an appropriate use of this reserve account, and staff encourages Council to consider its use to maintain critical City services and cash flow requirements in FY 2020-21. • Scaling Back of the Capital Improvement Plan (CIP) in FY 2020 -21 and limited use of the Capital Improvements Reserve (CIPR) for Capital Projects – Due to the uncertainty of COVID-19 and the need for staff to focus their time on pressing operating issues, staff recommends only undertaking the most essential capital improvement projects in FY 2020-21 that are needed to preserve public safety and health or are part of a gran t matching or other external requirements. The CIPR is funded by excess General Fund revenues, and staff recommends removing or deferring any projects funded by it, which are not deemed essential at this time and returning any remaining fund balance to the General Fund Emergency, Economic Fluctuations, or other reserve accounts as deemed necessary. As of the end of the fiscal year ending June 30, 2019, there was $1.98 million in the CIPR account. Staff is currently in the process of determining how much of this could be freed up for General Fund operating 7 Packet Pg. 181 Initial Fiscal and Budgetary Update: COVID-19 Page 10 of 12 purposes and will return to Council at a future budget study session or City Council meeting with exact figures. • Return to Council in Fall 2020 with a budget update and recommended corrective actions if necessary once the economic impacts of COVID-19 are more fully known – The full magnitude and duration of the economic impacts due to COVID-19 cannot be known at this time with absolute certainty. Thus, staff believes that it is too soon to recommend significant budget reductions, which could severely impact City service levels to the public, until such time that the ongoing impacts of COVID-19 can be better understood. The use of the strategies discussed above are appropriate and should allow the City to contain costs and meet cash flow requirements in FY 2020-21. However, so that reserve balances are not completely depleted and to ensure long-term financial stability and creditworthiness, staff will also return to Council in October 2020 or before to propose corrective budgetary actions if necessary. These actions may not be necessary if the economy recovers quickly after the shelter in place orders have been lifted. However, during upcoming budget study sessions with City Council, staff will discuss several scenarios for reduced revenue levels in FY 2020-21 and options to consider at various trigger points should revenue losses exceed certain dollar ($) and/or percentage (%) thresholds. Staff is currently developing those thresholds and options for discussion and consideration. While staff is not requesting formal Council direction at this time, it again requests feedback on the budget approach and strategies listed above. Potential State and Federal Aid for Local Governments The FEMA CDL Program and Federal Reserve Municipal Liquidity Facility Program discussed previously; staff is also exploring the following avenues for federal and state aid: • FEMA Reimbursement under the Public Assistance Program (PAP) – This program can provide for reimbursement of certain direct eligible expenses as they relate to the City’s response to COVID-19. Eligible expenses may include: o Any costs necessary to operate or equip our Emergency Operations Center (EOC) to respond to COVID-19 o Disinfection of City facilities and disinfection of equipment and vehicles due to COVID-19 o Contractual assistance on emergency management and control of immediate threats to public health and safety in response to COVID -19 o Purchase and distribution of food, water, ice, medicine, and other consumable supplies, to include personal protective equipment (PPE) and hazardous material suits due to COVID-19 o Transportation of supplies and persons to respond to COVID -19 o Communications of general health and safety information to the public for COVID-19 7 Packet Pg. 182 Initial Fiscal and Budgetary Update: COVID-19 Page 11 of 12 o Reimbursement for state, tribe, territory and/or local government force account overtime costs (OT) due to COVID-19 While it may take several years for the City to receive any PAP funds from FEMA based on the timing and release of funds for previous disasters. FEMA has allocated $468 million for California public agencies to respond to COVID-19, and staff will submit an initial reimbursement claim shortly. The total amount of that claim has not been determined at this time. Staff will continue to submit all allowable reimbursement claims to FEMA now and into the future due to COVID-19. • Coronavirus Aid, Relief, and Economic Security (CARES) Act – The CARES Act is a $2 trillion relief package that was signed into law on March 27, 2020. Its primary purpose is to support individuals and businesses affected by the COVID- 19 pandemic and associated economic downturn. However, the CARES Act also contained a $150 billion Coronavirus Relief Fund to provide for payments to State, Local, and Tribal governments navigating the impact of the COVID-19 outbreak. However, only jurisdictions with populations greater than 500,000 are eligible for this aid, and it is up to individual states to determine how aid is allocated to cities and counties under this threshold. The N ational League of Cities (NLC) is advocating for direct aid to jurisdictions with populations less than 500,000, either as part of the Coronavirus Relief Fund or part of additional appropriations, but no actions have been taken by Congress as of yet. At this time, staff will explore whether and how the State of California will allocate these funds to smaller jurisdictions, such as the City of Campbell. Nevertheless, the CARES Act also contains provisions for additional Community Development Block Grant (CDBG) funding as well as several other possible benefits to local cities. Staff will continue to explore all funding mechanisms under the CARES Act or future stimulus bills and return to Council to provide an update at a later time in the near future once more information is known. Operating Budget and CIP Development Process The City’s fiscal year starts on July 1 and ends on June 30 every year. And no public agency within California may spend public funds without the legal authorization to do so. Thus, to continue services and projects, the City of Campbell must adopt its FY 2020 -21 Operating Budget and CIP by June 30, 2020. While COVID -19 and the logistical issues of preparing a budget remotely under shelter in place orders have been challenging, the City Manager’s Office and the Finance Department still plan to introduce an operating budget and CIP on June 2 and seek Council adoption on June 16. The manner in which staff gets there, though, has been modified to account for COVID-19 and is shown in Attachment A – FY 2021 Budget Development Calendar. Please note the following key dates in blue which are either regular City Council meetings or study sessions in April, May, and June: • April 21 –Council Meeting: Fiscal & Budgetary Update for COVID-19 • April 28 – Study Session: Strategic Priorities & Budget Solutions 7 Packet Pg. 183 Initial Fiscal and Budgetary Update: COVID-19 Page 12 of 12 • May 19 – Council Meeting: Adoption of Master Fee Schedule • May 19 – Council Meeting: Introduction of Business License Ordinance • May 22 – Study Session: Operating Budget & CIP • June 2 - Council Meeting: Adoption of Business License Ordinance • June 2 - Council Meeting: Introduction of Operating Budget, CIP, & Gann Limit • June 16 - Council Meeting: Adoption of Operating Budget, CIP, & Gann Limit The time of the April 28 study session is still being confirmed, but it will be a remote meeting. The time of the May 22 study session will be 10 a.m. to noon to discuss the CIP and 1 p.m. – 4 p.m. to discuss the Operating Budget (location to be determined). Please note that all dates and times are subject to cha nge due to operational or other constraints caused by COVID-19. Staff will keep the City Council apprised should any budget dates and times need to be changed. However, as previously discussed, the City must adopt its FY 2020-21 Operating Budget and CIP by no later than June 30, 2020. FISCAL IMPACT There are no fiscal impacts associated with this report. Staff will return to Council with additional budget strategies and a Proposed FY 2020-21 Operating Budget and 2021- 2025 Capital Improvement Plan (CIP) over the next several months. Prepared by: Will Fuentes, Finance Director Approved by: Brian Loventhal, City Manager Attachment: a. FY 2021 Budget Development Calendar 7 Packet Pg. 184