APRIL 7, 2009 WORKSESSIONCITY OF VIRGINIA BEACH
"COMMUNITY FOR A LIFETIME"
CITY COUNCIL
lf.l YOR If%LL/A,lf D. SESSO:NS, JR., At-Large
F%CE ,1f;13'OR LUUlS R. JONES, Bwside -District 4
GL£,VAr R. DAb%S, Rose Hnll -District 3
IVlLLIA.N R. DeSTEPN, At-Large
N.4RRY E. DIEZEL, Kenrpsville -District '
ROBERT ,bl. DYER„ Centervi!!e -District I
BARBARA h!. HENLEY, Princess Anne -District 7
JOHN E L'HRIN, Beach -District 6
RON,4. NILLANL'EV.9, AhLarge
ROSEbIARY 147LSON, A!-Large
JAMES L. IVOOD. Lvrurpnven -District S
CITY COUNCIL APPOINTEES
CITY MANAGER -JAMES K. SPORE
CITY ATTORNEY - MARX D. ST/LES
CITYASSESSOR - JERALD BANAGAN
CITYAUDITOR- LYNDONS.REMIAS
CITY CLERK - RUTH HODGES FRASER. MMC
CITY COUNCIL WORKSHOP AGENDA
7 APRIL 2009
I.
II.
CITY MANAGER'S BRIEFINGS -Conference Room -
A. 2009 GASB RETIREE HEALTH CARE LIABILITY VALUATION
Susan D. Walston, Deputy City Manager
Ken Jeffries and Reinhart Kramreither, Mercer
Lyndon S. Remias, City Auditor
B. CHESAPEAKE BAY PRESERVATION AREA ORDINANCE COMPLIANCE
Clay Bernick, Coordinator, Environment Management Center
Kay Wilson, Associate City Attorney
Bill Macali, Deputy City Attorney
CITY COUNCIL WORKSHOP -Conference Room -
A. PROPOSED BIENNIAL RESOURCE MANAGEMENT PLAN
FY 2009-2010 and 2010-2011 Operating Budget
FY 2009-2010 and 2010-2011 Capital Improvement Program
1:00 PM
2:00 PM
ClTYHALL BUILDING
140! COURTHOUSE DRIVE
V/RGIN/A BEACH, VIRG/N/A 13456-8(!(IS
PHONE: (757) 385-43(13
FAX (757) 385-5669
E-MAIL: ctycncl®vbgov.com
MINUTE S
VIRGINIA BEACH CITY COUNCIL
Virginia Beach, Virginia
April 7, 2009
Mayor Sessoms called to order the CITY COUNCIL BRIEFING in the City Council
Conference Room, re 2009 GASB RETIREE HEALTH CARE LIABILITY VALUATION on
Tuesday, April 7, 2009, at 1:00 P. M.
Council Members Present:
Council Members Absent:
April 7, 2009
CITY COUNCIL'S BRIEFING
2009 GASB RETIREE HEALTH CARE LIABILITY VAL UATION
1:00 P.M.
Susan Walston, Deputy City Manager, stated this was the third Retiree Healthcare Liability
Evaluation, but is significant because this is the first it's occurred since policy decisions had
been made in 2008. This is a reflection of City Council's decision to fund the liability, become a
participating employer with the Virginia Pool Trust Fund, establish a Local Finance Board to
support that work at the Pool Trust and also the amount made in June 2008 as a new asset in the
Pool Trust of $8.9-Million to make the first required contribution.
Ken Jeffries, with Mercer, shared the 2009 evaluation results. GASB stands for the Government
Accounting Standards Board which is the body that sets the policies and procedures that are
needed to follow when presenting the financial statement. GASB 45 was created with a goal of
promoting consistency when reporting standards amongst government entities.
Accounting standards are requiring governments to disclose their costs and obligations to other
post employment benefits (Retiree medical benefits). For other post employee benefits, the law is
defined as compensation received after employment terminates in exchange for employees time
of service.
Benefits are not vested but they are not guaranteed. They could be amended or discontinued but
they still have to be accounted for because of liability on financial statements.
Financial reporting requirements need to have a recorded expense that's referred to as an
Annual Required Contribution, or ARC. The net liabilities need to be reported and there must be
footnote disclosure which at a minimum show you a plan description, funding policy and
assumptions.
The evaluation for Retirement Medical is based on 2009 experience and assumptions.
Lyndon Remias, City Auditor, made a presentation which is made part of these proceedings.
April 7, 2009
Audit of GASB 45
Actuarial Valuation
Presentation to City Council
Ap ri 17, 2008
Lyndon S. Remias, CPA, CIA
City Auditor
Purpose of Audit
To determine if the valuation of the City/Schools'
GASB 45 liability and the underlying
assumptions are reasonable.
2
Audit Results
Determined the employeelretiree census data relied
on by Mercer and provided by the Consolidated
Benefits Office to be materially accurate.
Determined that the Actuarial Accrued Liability
(AAL) and normal cost calculations presented in
Mercer's revised valuation dated March 31, 2009
are reasonable. The resulting ARC and incremental
cash amounts needed to fully fund the ARC are
reasonably stated as well.
Determined actuarial assumption
revised valuation are reasonable
supporting documentation.
s utilized in the
and aaree to
r
Audit ReSUItS (continued)
Audit identified several issues that resulted in a
reduction of $794,295 to the initial calculation of the
incremental amount needed to fully fund the ARC.
Note: Directly reduces City's cash outlay for this
fiscal year by $794,295.
4
,.. ...
~~ .:
AUdlt ReSUItS (continued)
Adjustment to Required Incremental Amount to Fully Fund ARC
Initial Mercer Calculation of Incremental Amount ~ 8,253,046
to Fund the ARC
Calculation of Incremental Amount to Fund the
ARC after inclusion of Audit Findings $ 8,458,751
Reduction in Required Incremental Amount to
Fund ARC for June 30, 2009 resulting from
Audit Findings $ 794,295
^
^
Omission of $8.9 million contribution to Trust Fund.
Correction to annual retiree contribution amounts.
r
~-.;:
Virginia Pooled OPEB Trust Fund
Investment Return
- Several actuarial assumptions utilized b Mercer are tie
to various Vir ' y d
ginia Retirement System (VRS)
demographic tables and assumptions. For exam le the
assumed investment return o ° ' ' p '
f 7.5 /° utilized in the
valuation is the same rate used by VRS to value their
pension plan. This assumption greatly affects the
ultimate funding requirements for the City and Schools.
- Note: On June 25, 2008, the City made an initial
contribution to the Virginia Pooled OPEB Trust Fund in
the amount of $8,900,000. The market value as of
February 28, 2009 was $6,648,986. This represents an
unrealized loss of approximately $2,251,014 or 25% of
the initial investment.
6
Percentage of Retiree Spouses Electing
Coverage
Mercer utilizes a general assumption concerning the
expected percentage of retiree spouses that will elect
health care coverage. The spousal participation
percentage used in the actuarial valuation is 48%. The
actual retiree spousal participation percentage for the
City and Schools as of December 2008 was 24.7%. The
percentage was significantly lower in the previous three
years as well.
7
Audit Recommendation and Conclusion
We recommend the City/Schools Benefits Executive
Committee continues to work with the actuary to monitor
and evaluate the City's actual data against the general
and/or VRS actuarial assumptions. If warranted, the
actuarial assumptions utilized in future valuations should
be adjusted accordingly.
Based upon the results of our review, we believe the
valuation of the City/Schools' GASB 45 liability and the
underlying assumptions are reasonable as presented in
the revised version of the valuation dated March 31,
2009.
s
CITY COUNCIL'S BRIEFING
CHESAPEAKE BA Y PRESER VA TION AREA ORDINANCE COMPLIANCE
1:30 P.M.
The presentation, copy of which is attached, was given by Clay Bernick, Coordinator,
Environment Management Center.
April 7, 2009
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4
CITY COUNCIL'S BRIEFING
PROPOSED BIENNL4L RESOURCE MANAGEMENT PLAN
1: SO P.M.
Catheryn Whitesell, Director -Management Services, presented the attached presentation to
City Council.
Mrs. Whitesell stated the Operating Budget Summary and Strategies is a strategy of pulling the
CIP and budget update together.
Fagan Stackhouse, Director -Human Resources, spoke on the Employee Transition Program.
He said the displaced employees would be transitioned by June 30, 2009.
The Employee Transition Program was established in 1991 with the Reduction In force Program
as a comprehensive set of methods that are used for transitioning and placing the employees
whose positions have been eliminated in the Budget. The Employee Transition Program is a
process ofjust moving employees to alternate positions when their positions have been
eliminated.
April 7, 2009
Agenda for Today
^ Operating Budget Summary & Strategies
^ Blue Ribbon Committee Recommendations Update
^ Use of Fund Balances & One-time Sources
^ Suspension of Transition Area Financing Program
^ Employee Transition Program (ETP)
^ Operating Budget Business Area Review
^ Cultural and Recreational Opportunities
^ Farnily and Youth Opportunities
1
Strategy
^ Minimize impact on service delivery & programs
^ Maintain City's strong financial position
^ Protect the future viability of the City's economy
^ Balance reductions across departments,
employees, taxpayers, and reserves
^ Avoid layoffs
^ Minimize impacts on infrastructure projects in
the Capital Improvement Program
2
Operating Budget -City Only (in mi-lions,
FY 2008-09 FY 2009-10 FY 2009.10 '`
Adjusted Approved Revised
Budget Budget Budget Change
City Operations $ 731.6. $ 740.5 $ 727.7`
City Debt Service 100.0 104.3 102.2
City Pay-as-you-go 56.1 66.6 54.9"
Total City $ 887.7 $ 911.4 $ 884.8`<' (2.9%)
5
;;Operating Budget -Ci ty Only (in miijions)
FY 2008-09 FY 2009-10 FY 2009-10
Adjusted Approved Revised
Budget Budget Budget % Change
" City Operations
^ Cultural 8 Recreation $52.16 $53.61 $52.13< (2.8%)
^ Family & Youth 114.81 118.93 117.69 (1.1 %)
^ Economic Vitality 52.96 51.93 55.38 6.6%
^ Quality Physical Environment 179.48 182.37 181.92` (0.3%}
^ Safe Community 200.32 202.89 .196.92'; (2.9%)
^ Quality Organization 87.88 90.01 89.54 0.5%)
^ Quality Education -Libraries 16.87 17.23 16.90.. (1.9%)
^ Other 27.16 23.56 17.27' (26.7%)
$ 731.64 $ 740.53 $ 727.75.: (1.it%)
3
Blue Ribbon Committee
Recommendations Update
J.3 Revfse Budget Process.
•Review funding formulas annually X
J.{ BusiMSa Processes, Effieisney, and Incrtased Labor
•Set specific benchmarks for continual increases in process efftiency antl productively gains X X
•Increase the use of aWmmation antl !ethnology to simplify processes and improve e(<rjency X
•Engege public and staff to identify and resolve problems on an on-going basis X
•Ensure that all Dutlgel poliaes are in wilting and reviewed regularly X
•Rewam efficient practices antl suggestions X
•Create a hotline where by the public antl sty employees can suggest specific ideas X
•Identfij and remove (actors or policies Ihel encourage counter-protluctive behavior X
J.6 "Green" Procesass and Energy ERCisncy
J.8 Economic Development
3.T Decialon-Making Processes
J.0 Capital Expenditures
•Proactively plan future far capital expentlitures X
3.1q Mlaceltaneous
•Inlroduce a cost recovery program for lost or damaged equipment X 8
4
{
cdy
'~. Under Council
', Complete Review Decision
EXPENDITURE SUBCOMMTTEE'S RECOMMENDATIONS (continued):
J.11 Next Steps
•Consider phasing m the Impfementatlon of a Homestead Provision and identify potential savings to offset X
'. anticipated revenue snonfalls N/A
' 4.2 Employee Companwtion
•Bring compensation plans more in line with the private sector X
Lima total direct salary expenditures inUuding merit increases X
Change policies under which empoyees receive mere pay (approximately 87%currently receive X
mein pay)
End the runent policy of providing uniform pay increases to all city employees-he pay to X
pedortnance
Provide city manager with flexibility to recognize and differentiate levels or employee X
pedormance
Consider Health Savings Accounts (HAS's) antl Health Retirement Accounts (RBA's) as used in X
the private sector
•Reduce overall number of dry employees (1 % retluction in full time employees would save bJ million) X
•Evaluate the city's current `No Layoff policy X
•Reduce the number of paid holidays provided to city employees from 11.5 to 1g to match federal X
employees
•Discominue poliq of giving employees a paid day ofl on their binhtlay X
REVENUE SUBCOMMITTEE'S RECOMMENDATIONS:
S.1 and 6.2 Homestead Provision -
Offset some real estate tax revenue loss through expendawe reductions X
S.0 Surplus Property
0.4 Equity Concema
8.6 Fees and Cturgea
•Fees shoultl he adjusted at least biennially for inflation Ic ensure cost recovery X
S.6 Stimulate Economic Orowth
Use of Fund Balances & One-time
Sources
5
City/School Health Insurance Fund
^ Projected June 30, 2009 Fund Balance = $30,454,167
^ FY 2010:
^ Current Revenue = $103,253,861
^ Current Expenditures = $103,253,861
^ Use of Fund Balance for GASB45 = $8,400,000
^ Projected June 30, 2010 Fund Balance = $21,754,167
. School GASB45 payment is $3.7 million Reflects new
. City GASB45 payment is $4.7 million valuation and a
savings of
$500,000
Agriculture Reserve Program
^ Projected June 30, 2009 Fund Balance = $14,727,864
^ FY 2010:
^ Current Revenue $4,824,373
^ Current Expenditures $3,894,614
^ Transfer to Operating Budget $ 929,759
^ Use of Fund Balance
. For General Fund Operating Budget $3,070,241
.For CIP $200,000
^ Projected Year-end FY 10 Fund Balance = $11,457,623
,z
6
r School Reversion Special Revenue Fund
^ Projected June 30, 2009 Fund Balance = $29,142,810
^ FY 2010:
^ Current Revenue =not applicable
^ Current Expenditures =not applicable
^ Use of Fund Balance School Operating Budget = $3,276,367
^ Use of Fund Balance School CIP = $13,936,308
^ Use of Fund Balance City Operating Budget = $4,800,000
^ Use of Fund Balance City CIP = $4,000,000
^ Projected June 30, 2010 Fund Balance = $3,130,135 ,3
Major Projects
Projected June 30, 2009 Fund Balance = $14,747,967
FY 2010:
^ Current Revenue $17,906,056
^ Current Expenditures $17,906,056
Planned Use of Fund Balance
^ Major Projects Fund $3,145,645
^ General Fund Operating Budget $1,000,000
^ Projected June 30, 2010 Fund Balance = $10,602,322
7
r
TGIF
^ Projected June 30, 2009 Fund Balance = $2,058,236
'^ FY 2010:
^ Current Revenue $18,599,211
" ' ^ Current Expenditures $18,387,061
^ Transfer to General Fund Op. $212,150
^ Fund Balance to General Fund Op. $787,850
^ Projected June 30, 2010 Fund Balance = $1,270,386
15
City Council Target = 10%
,r.` General Fund Of the Next Year's Revenues
^ Projected June 30, 2009 Fund Balance = $144,133,622
^ Sandbridge TIF Surplus 9,000,000
^ School Reversion Special Revenue Fund 8.800,000
^ Total Projected June 30, 2009 Fund Balance $161,933,622
^ Less:
^ Loans, Advances, & Encumbrances $17,000,000
^ FY 09 School Revenue Formula - 7,169,220
^ Future uses of Fund Balance 16,949,371
^ Use of Fund Balance for Operating Budget 4,800,000
^ Use of Fund Balance for CIP 23,912,998
$9.9 million included in original CIP 2"d year
$10.0 million used as swap for pay-go financing
$4.0 million used from School Reversion Special Revenue Fund
^ Projected June 30, 2010 Fund Balance = $106,440,473
^ Projected Current Revenue for FY 2010 is $1,044,852,284
18
Projected Target = 10.19%
8
What is the Transition Area Development Plan?
^ In 2003, the City Council approved a plan for low-density
development (approximately 3,000 homes).
~~ ^ Plan was developed with Council and citizen input.
^ Development pays its proportionate share of
infrastructure and operating costs.
^ Plan was last updated to City Council in 2007.
18
9
Transition Area Financing Parameters:
^ Financing Plan is analogous to a TIF.
^ Increment based on difference between value of house
in the Transition Area and fiscally neutral home value
outside.
^ No impact on Schools Revenue Sharing Formula -
(Schools would receive their portion of real estate taxes
through the revenue-sharing formula to deal with School
infrastructure needs).
^ Debt Financing -- debt would be issued to fund the
required infrastructure.
^ Concurrency -all infrastructure required would begin
construction within six years of the last home built. ,s
;~X` What has changed since the Transition
~u
f
;;yt; Area Financing Plan was approved?
^ Rate of home construction has been slower than
originally anticipated
^ 900 homes projected by FY 2007-08 versus 151 actual.
„u ^ Funding has come in much slower than expected
^ $1.4 million projected to have been received by FY 2007-
08 versus $296,121 actual
^ The demand for expensive homes is moderating
^ Infrastructure/Right-of-Way costs have significantly
increased above original projections
^ $125.3 million originally projected versus $190.1
million in 2007, which represents over a 51
increase 20
10
What has changed since the Transition Area
Financing Plan was approved? ccont~nUea>
^ 39.8% of the original plan was to be funded by the State
versus zero now.
^ The real estate tax rate is now 33 cents lower than the
rate in original plan ($1.22 to $0.89).
Limited debt capacity is available.
Transition area developments have not generated a
demand for these roads. The current demand for these
roads has come from pre-existing homes or homes built
outside of the transition area.
z,
Recommendations for the Transition
Area Financing Plan:
^ Suspend the Transition Area financing strategy and
eliminate the Special Revenue Fund.
^ Prioritize all transition area road projects in the overall
City road program.
^ Appropriate FY 2007-08 Transition Area Special
Revenue Fund Balance of $292,121 to the Roadways
CIP for rural roads.
^ Do not transfer Transition Area Funds to the Transition
Area Special Revenue Fund. Instead, these funds will
lapse to General Fund, Fund Balance. zz
11
City of Virginia Beach
Reduction-in-Force Program
DEPARTMENT OF HiJMAN RESOURCES
APRILzoog
Reduction-in-Force Process 2009
GOAL: Placement of 28 employees whose
positions are recommended for elimination into
budgeted vacancies by June 30, 2009
12
Re uctlon-ln-Force
Program Development
'"~
--------------------------- ---------------1 3 ----------- --
-_
• Reduction-in-Force (RIF) Policy Established i99i
• RIF is our comprehensive set of methods used for
transitioning or placing employees whose positions have
been eliminated from the budget
• RIF provides a systematic and legally defensible method of
reducing our workforce
• Policy development included input from employees
~ ^m A m sl.y M a ~L^" raaac *ta: k 7' x a +r ',y -m 3 4 o f +.z Y ':
b t " 9_ ~ '. ~~ "`k',~ ,1 A ~ ~~' a. , 5 ''Yi` ~ '5` D2. .$' Sv 'Y +~9' s. " ~ M:
RIF: Employee Transition Program
Primary component of RIF policy: Employee Transition Program
Employee Transition: The process of moving affected employees into
alternate positions
o Characteristics of Employee Transition Program
(ETP):
x Typically based on departmental programmatic reductions
Generally, programs targeted affects specific positions and
employees
13
RIF: Employee Transition Program
• Used for Prior Reductions in Force
x 1991(Most extensive use)
x 1994
x2oo3
x2008
• Each year, all employees successfully placed in
vacant positions unless individuals chose to leave
organization
Reduction-in-Force Process 2009
ETP Process Currently in Use:
• Verbal notification to impacted employees has
occurred
• Review of vacancies within departments of
impacted employees in progress
• Written notification to be provided upon budget
1~
Reduction-in-Force Process 2009
• Also, upon budget adoption
o Meet with impacted employees
o Confirm knowledge, skills, abilities (KSA's) of employees,
including:
work history
Y education
• interests
Reduction-in-Force Process 2009
• Completion of Placements
o Place employees based on KSA's
o Identify training needs
o Work with receiving departments on performance
development initiatives
Note: Managing Attrition Program (MAP) used to fund employees if
position is not found by designated time frame (e.g., end of fiscal year).
MAP will be available if goal cannot be met.
~~
Reduction-in-Force Process 2009
GOAL: Placement of 28 employees whose
positions are recommended for elimination into
budgeted vacancies by June 30, 2009
Reduction-in-Force Process 2009
Questions
'f 6
i Operating Budget Business Area Review
Cultural and Recreational Opportunities
~ Cultural and Recreational Adjusted Approved Revised
Opportunities FY 2008-09 FY 2009-10 FY 2009-10
Budgeted Amount $ 52,157,849 $ 53,608,629 $ 52,128,411
FTEs 1,026.96 1,027.68 1,016.59
^ Includes Museums and Parks
and Recreation Departments
^ Totals $52.1 million in Revised
FY10 Budget
^ 53% of Business Area is
covered by fees and state and
federal revenue
^ Revised FY10 Budget includes
minor parks fee increases
17
.Cultural and Recreational Opportunities
Looking Ahead: ^ Major Changes from Approved FY
^ Aquarium's Restless Planet 2009-10 Operating Budget:
Exhibits scheduled to open in ^ Reduction of Educator position at
late spring Lynnhaven House
^ Parks and Recreation
implementing final phase of
Strategic Plan and expanding
outdoor, fitness and pre-
school programming
^ Sportsplex and Field Hockey
contract and facility upgrades
will enable greater use of
facility
^ Continuing the summer youth
program in the Lake Edward
area
^ Additional Veterinary Tech
position at Aquarium
^ Elimination of Boys Baseball
Program
^ Reduction of 7 positions from
Schools Landscaping
^ Reduction of 2 positions in
Sportsplex (contract mgmt.)
^ Reduction of part-time positions
(Strategic Plan)
z~
Questions .. .
za
1~
Family and Youth Opportunities
Family and Youth Adjusted Approved Revised
Opportunities FY 2008-09 FY 2009-10 FY 2009-10
Budgeted Amount $ 114,814,852 $ 118,930,341 $ 117,686,164
FTEs 1, 096.21 1, 093.66 1, 084.98
^ Includes Health and Human
Services Departments
^ Totals $117.7 million in Revised
FY10 Budget
^ 67% of Business Area is covered
by fees and state and federal
revenue
^ The Health Department does not
anticipate Program cuts from State
budget reductions
Family and Youth
13%°t Opportunities
Total
Operating
Budget
Family and Youth Opportunities
^ Looking Ahead:
^ Additional child care, foster
care and adoption services
^ Increases to Mandated
Outpatient Treatment
^ Increases to Mental Health in
Child and Youth Services
^ Increases to the Jail
Diversion Program
^ Major Changes from Approved FY
2009-10 Operating Budget:
^ Reduced funding for the Maternity
Program in Health
^ Eliminated State and Local
Hospitalization Program
^ Reduced staffing at the Juvenile
Detention Center
^ Eliminated 3 positions in across
other MH/MR programs
^ Reduced emergency support
funding to MR Clients
^ Reduced contractual MH services
^ Reduced in-home companion
services to the elderly ao
~~
Questions .. .
31
o~~
~W r~-
City Council Workshop #2
Second Year Update
FY 2009-10 Budget and CIP
April 14tH
20
Tentative Agenda ...April 14th
^ Capital Budget
^ Roadways -Jason Cosby
^ Water & Sewer -Tom Leahy
^ Buildings -Dave Hansen
^ Parks and Recreation -Cindy Curtis
^ Economic Development -Warren Harris
^ Storm Water & Coastal -Jason Cosby
^ Operating Budget
^ Economic Vitality
^ Quality Physical Environment
73
?.
Anticipated Use of Fund Balance for FY 2009-70
Loans
Virginia Beach Rescue Squad 4,500,000
Virginia Aquarium & Marine Science Center 1,000,000
Virginia Beach Development Authority-31st Street 4,576,478
Virginia Beach Development Authority-Corporate Landing 755,070
Beach Health Clinic 150,000
Virginia Musical Theatre, Inc. 200,000
Other Loans 118,452
Total 11,300,000
Encumbrances (3-year average) 5,700,000
General Fund for Future Programs
Carryforwards 2,687,004
COM IT-CF 812,490
Mental Health 2,615,000
Norfolk Southern Right of Way 10,000,000
Trust & Agency Balances 834,877
Total 16,949,371
City/School Revenue Formula True-Up
School revenue-sharing revenues to exceed budget -13,975,088
Percentage to Schools 51.30%
Total -7,169,220
General Fund Operations 4,800,000
FY 2009-10 Capital Budget
Replace Pay-as-you-go 10,000,000
Scheduled FB Funding in CIP 13,912,998
Total 23,912,998
Grand Total 55,493,149
Use of Undesignated Fund Balance in the FY 2009-10 Proposed CIP
Fund Balance Used in
Project # Project Name Amount
From School Reserve Fund $ 4,000,000
2-031 Street Reconstruction $ 2,000,000
2-129 Pavement Maintenance Program Phase II 2,000,000
Substitution Fund Balance for Pay-As-You-Go $ 10,000,000
4-072 Williams Farm Community Recreation Center Design 300,000
7-049 Beach Garden Park - Kilborne Court & Holly Road Improvements 723,880
8-008 Beach Replenishment 1,476,120
9-060 Oceana & Interfacility Traffic Area Conformity & Acquisition 7,500,000
From Sandbridge TIF $ 9,000,000
1-103 Renovations and Replacements - HVAC Systems -Phase II $ 3,700,000
1-234 Virginia Beach Middle School Replacement 917,000
2-031 Street Reconstruction 150,000
2-089 Southeastern Parkway & Greenbelt (Partial) 30,117
2-129 Pavement Maintenance Program Phase II 1,540,117
2-143 Laskin Road Gateway- Phase I-A 1,000,000
2-263 Major Bridge Rehabilitation 260,000
2-305 Princess Anne Road- Phase IV (VDOT) 1,281,016
3-371 Fire Apparatus -Phase II 121,750
From General Fund/Information Technnology $ 840,555
3-052 CIT- IT Service Continuity $ 390,555
3-086 CIT -EMS -Handheld Field Reporting (Partial) 450,000
Remaining Use of Fund Balance from General Fund $ 72,443
3-371 Fire Apparatus -Phase II 72,443
Total Use of Undesignated Fund Balance $ 23,912,998
4/7/2009 X:1RMP\CIP\FY10\MLT1Use of Fund Balance in FY 2009-10 CIP.xIs
Mayor Sessoms DECLARED the City Council meeting ADJOURNED at 4:04
P. M.
Gloria S. Winkler, MMC
Sr. Deputy City Clerk
i~%~~
nth Hodges Fraser, MMC
City Clerk
April 7, 2009