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HomeMy WebLinkAboutReso 100-2018 (18-581)A&I City of South San Francisco P.O. Box 711 (City Hall, 400 Grand Avenue) South San Francisco, CA City Council Resolution: RES 100 -2018 File Number: 18 -581 Enactment Number: RES 100 -2018 RESOLUTION APPROVING THE SOUTH SAN FRANCISCO CONFERENCE CENTER AUTHORITY BUDGET FOR FISCAL YEAR 2018 -2019. WHEREAS, the South San Francisco Municipal Code § 2.78. 100 requires that the South San Francisco Conference Center ( "Conference Center ") budget be approved by the City Council; and WHEREAS, the South San Francisco Conference Center Authority ( "Conference Center Authority') conducted a public meeting and reviewed the Fiscal Year 2018 -2019 budget ( "Budget "); and WHEREAS, the Conference Center Authority found that the 2018 -2019 Budget represented the appropriate level of expenditures for Fiscal Year 2018 -2019 and recommended that the City Council approve the proposed Budget; and WHEREAS, the City Council concurs with the Conference Center Authority's recommendation. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of South San Francisco ( "City Council ") as follows: 1. The Conference Center FY 2018 -19 Budget, attached hereto as Exhibit A, showing a total revenue projection of $4,589,518 and a total expenditure request of $3,879,267 is hereby approved. 2. The capital project request of $440,500 included within the Budget is hereby approved. 3. Each budget category listed in Municipal Code § 2.78.106 is funded to the limits specified in the Budget. 4. The funds collected pursuant to Municipal Code §4.20.035 are hereby appropriated to fund the Conference Center Budget. 5. The City Manager and the Finance Director are hereby directed and authorized to make the specified funds available to the Conference Center. 6. Copies of the Conference Center Budget shall be made available for public review and inspection in the Offices of the City Clerk and the Administrative Offices of the Conference Center. City of South San Francisco Page 1 File Number: 18 -581 Enactment Number. RES 100 -2018 At a meeting of the City Council on 6/27/2018, a motion was made by Mark Addiego, seconded by Pradeep Gupta, that this Resolution be adopted. The motion passed. Yes: 4 Mayor Pro Tem Matsumoto, Councilmember Garbarino, Councilmember Gupta, and Councilmember Addiego Abstain: 1 Mayor Normandy Attest b ista Mdftinelli City of South San Francisco Page 2 Exhibit A Fiscal Year 2018 -2019 Budget SOUTH SAN FRANCISCO CONFERENCE CENTER South San Francisco Conference Center Authority Fiscal Year 20182019 Budget As Recommended to the South San Francisco City Council am- South San Francisco Conference Center Authority Board June 27, 2018 255 South Airport Boulevard South San Francisco, California 94080 -6703 650 -877 -8787 www.ssfconf.com SOUTH SAN FRANCISCO CONFERENCE CENTER South San Francisco Conference Center Fiscal Year 2018 -2013 Budget FY 18 -19 FY 17 -18 Proposed Budget Approved Budget Total Revenue 4589,518 Total Expenditures 3,879,267 Net Gain /Loss 710,251 4,331,246 3,663,969 667,277 FY 17 -18 Year End 4,320,781 3,560,442 760,339 Conference Center Operations Conference Center Tax Interest Income Total Conference Center Operations Debt Service Property Leases /Taxes Total South San Francisco Conference Center Fiscal Year 2018 -2019 Budget Revenue Projections - All Sources FY 18 -19 FY 17 -18 Proposed Budget Approved Budget 2,275,000 2,066,000 2,279,518 2,250,746 35,000 14,500 4,589,518 4,331,246 Expenditure Projections - All Sources FY 18 -19 FY 17 -18 Proposed Budget Approved Budget FY 17 -18 Year End 2,176,000 2,112, 781 32,000 4,320,781 FY 17 -18 Year End 2,913,667 2,703,302 2,600,775 470,200 474,022 473,022 495,400 486,645 486,645 3,879,267 3,663,969 3,560,442 2 Room Rental Food & Beverage Audio Visual Event Services Total: South San Francisco Conference Center Fiscal Year 2018 -2019 Budget Revenue Projections- Conference Center Operations FY 18 -19 Proposed Budget 1,200,000 125,000 150,000 2,275,000 3 FY 17 -18 Approved Budget 1,027,000 789,000 112,000 138,000 2,066,000 FY 17 -18 Year End 1,161,000 760,000 120,000 135,000 2,176,000 South San Francisco Conference Center Fiscal Year 2018 -2019 Budget Expenditure Budget Conference Center Operations FY 18 -19 FY 17 -18 FY 17 -18 % change % of Year End Proposed Budget Approved Budget Year End Proposed 18 -19 to Approved to Approved 17 -18 Administrative & General Bank Charges /Bad Debt 95,000 95,000 85,000 Client Services Expenses 40,100 30,500 24,700 Debt Services 470,200 474,022 473,022 General Insurance 26,700 37,079 37,079 Office Expenses 24,000 22,100 23,952 Property/Taxes /Leases 495,400 486,645 486,645 Salaries & Benefits 1,333,126 1,279,976 1,239,533 TOTAL: 2,484,526 2,425,322 2,369,931 5.27% 97.72% OPS /Maintenance Services & Supplies Communications 100,600 85,632 86,632 Custodial Services 192,000. 144,500 147,000 Event Labor 142,100 130,500 126,500 General Maintenance Supplies 35,900 35,500 35,000 HVAC Services 18,600 12,000 8,000 Kitchen Services 20,000 11,068 12,000 Landscaping 14,500 11,000 12,000 Maintenance Services & Repairs 33,900 14,068 14,000 Safety & Security 12,500 5,000 3,500 Security 190,517 182,000 162,000 Utilities 118,000 111,700 108,500 TOTAL: 878,617 742,900 715,132 22.860% 96.26% Sales & Marketing Services Client Entertainment 20,000 19,000 20,000 Client Gifts 15,000 14,000 18,000 Dues /Memberships 5,000 6,000 5,000 Group Incentive Rentals 4,000 6,760 4,760 Industry Event Registration 5,000 12,000 9,000 Marketing 229,890 203,851 203,851 Public Relations 52,000 31,500 27,000 Tradeshows 15,000 7,500 7,000 Travel Expenses 27,000 18,000 15,000 TOTAL: 372,890 319,011 309,611 16.88% 97.05% Professional Services 125,880 161,565 155,817 - 28.34% 94.68% Software /Systems Management 17,354 15,171 9,951 14.38% 52.46% TOTAL 3,879,267 3,663,969 3,560,442 5.89% 97.17% South San Francisco Conference Center Fiscal Year 2018 -2019 Budget Unrestricted Fund Balance /Designated /Undesignated Reserves Ending Unrestricted Fund Balance 6/30/2017 Plus Projected FY17 -18 Surplus /Loss Less FY17 -18 Capital Expenditures (Actual) Projected Unrestricted Fund Balance 6/30/18 Plus Projected FY18 -19 Surplus Less FY 2018 -19 Capital Expenditures Projected Unrestricted Fund Balance 6/30/19 $3,009,252 $760,339 (5 ," ',':.i,3j $3,315,488 $710,251 ($440,500) $3,585,239 Authority Designated Reserves * $500,000 Projected Undesignated Reserves $3,585,239 Projected Fund Balance 6/30/19 $4,085,239 * Designated Reserve Categories Capital Improvements $100,000 Insurance $100,000 Debt. Service $150,000 Contingencies $150,000 Total $500,000 5 SOUTH SAN FRANCISCO CONFERENCE CENTER South San Francisco Conference Center FY2018 -2019 Capital Improvement Budget Budget Replace and Install three (3) Convection Ovens $41,000 Replace and Install Counter Gas Infrared Charbroiled Grill $6,500 Epoxy Kitchen Floor and Repair Walls $45,500 Resurface Parking Lot and Traffic Lines $20,000 Exterior Painting of the Building $125,000 Replace and Repair Awnings on Northside /Southside of Building $36,500 Replace Acoustic Ceiling Tiles $10,500 Replace 250 Arena Style Chairs and Hand Carts $40,500 Purchase Lobby Furniture $4,000 Replace and Purchase Dance Floor, Tongue and Groves and Four (4) Carts $33,500 Purchase and Replace Restroom's Glass Mirrors $7,500 Purchase and Replace Office Computers $25,000 Network Cable Upgrade and Video /Audio Jacks $15,000 Replace and Install Two (2) Administration Servers $30,00 0 TOTAL: 440 500 255 South Airport Boulevard South San Francisco, California 94080 -6703 650- 877 -8787 www.sstconf.com South San Francisco Conference Center Fiscal Year 2018 -2019 Budget Salary Schedule Executive Director 158,025 4/1/2000 Director of Facility Operations 111,619.67 7/1/1993 Chief Financial Officer 123,910.51 5/1/1998 Director of Sales 100,000 11/28/2016 Facility Services Manager 85,000 6/18/2013 Event Manager 75,000 3/2/2015 Sales Manager 65,000 7/1/2015 Meetings Manager 65,000 7/17/2017 Facility Services Coordinator 65,000 7/1/2017 Sales & Administrative Services Assistant 60,320 12/1/2015 SUBTOTAL; 908,875.18 Incentive /Increase 25,000.00 Up to 5% increase TOTAL: $933,875