table of contents - oceanside, california

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

4

PROPOSED PROJECTED PROJECTED PROJECTED PROJECTED PROJECTED


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

10

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



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



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


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

tferro

Highlight

tferro

Highlight

Contribution Projections Safety

August 26, 2009

Market Value Investment Return: June 30, 2008 -5.1% Estimated June 30, 2009 -23.4%5


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.


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%



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


August 26, 2009 19

Market Value Investment Return: June 30, 2008 -5.1% Estimated June 30, 2009 -23.4%5


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.


August 26, 2009

Investment Return Variesand No Fresh Start 09/10

5%

10%

15%

20%

25%

30%

35%

40%

45%




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

tferro

Highlight

tferro

Highlight

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


FY 10-11

Values


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



39

City of Oceanside

Five-Year Forecast


FY 11-12

Values


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



40

City of Oceanside

Five-Year Forecast


FY 12-13

Values


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



41

City of Oceanside

Five-Year Forecast


FY 13-14

Values


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



42

City of Oceanside

Five-Year Forecast


FY 14-15

Values


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



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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