06.27.19 Budget Workshop #2 - Laserfiche WebLink

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City Council Meeting Minutes June 27, 2019 includes $150,000 for the Economic/Business Development Manager and they will be responsible for recruiting new business, serves as the Greater San Marcos Partnership Liaison, and address local business needs. $50,000 in Economic Program funds would go towards program funds, professional development, and other needs. The $200K is included in the operational budgets of the General Fund, Electric Fund, and Water/Wastewater Fund. Strategic Initiatives Funding totals $800,000 and includes: Downtown Vitality $200,000 Multi Modal Transportation $200,000 Workforce Housing $225,000 Workforce Development $75,000 One-time Economic/Business Development Incentives $100,000 Ms. Neel discussed CDBG Repurpose Funding: Council adopted the resolution to allocate funding for the CDBG program year 2019 on June 18, 2019 and per Council direction, funding of $67,142 for unsafe structures will be repurposed for housing rehabilitation by Southside Community Center. Amendment required to change program year action plan which will be brought to Council in October for formal adoption. Amendment will be to award a total of $192,142 for housing rehabilitation to Southside Community Center and remove funding for unsafe structures. Per discussion and council direction at the budget workshop held on June 26, 2019 $200K in funding from the Community Enhancement Fee will be used for unsafe structures and a downtown decorative arch. Ms. Neel discussed the other major funds which include: Hotel/Motel Recruited conference with over 1,700 attendees, 2022 Texas Downtown Association. $3.1M reinvested in downtown • Fiscal Year 2019 Revenue is trending above budget • Recommending reinstating full expense budget for fiscal year 2019 due to increase in revenue collections • Conservative 1% increase in revenue for fiscal year 2020 City of San Marcos Page 2