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City Council <br />Meeting Minutes February 16, 2022 <br />• Additional personnel to fund core services - 40+ unfunded requests in PY <br />• Upcoming Meet and Confer negotiations <br />*Contracted Services <br />• Traffic Signals previously maintained by TXDOT, will be transferred to City <br />• Vehicle replacements — supply chain disruptions have caused increased <br />prices and delayed delivery <br />*Materials and Supplies - rising costs <br />*Other Charges <br />• Potential federal and state mandates <br />• Increased costs for support of transit services <br />• Some return to in-person professional development, travel <br />• May see compliance in 380 agreements and requests for incentive <br />*Capital Improvement Projects <br />FY22 Midyear Personnel Considerations <br />• Issuance of debt impacts the City's calculated debt rate. <br />• The City has been constraining debt funded CIP in an effort to build capacity <br />for new City Hall facilities and future bond election. <br />• The City has been working with our financial advisor to build a debt model <br />Ms. Miranda reviewed other major operating funds including Electric Utility <br />Fund, Water/Wastewater Utility Fund, Drainage Utility Fund, Airport Fund, <br />and Hotel/Motel Fund. <br />Enterprise Fund Considerations <br />FY 21 Highlights <br />• Winter storm impact on Ferguson revenue in Electric <br />• Utility forgiveness program — offset by reduced costs and increased revenue <br />FY 23 Planning <br />• Annual rate model reviews - meet operating and capital needs with goal of <br />small increments over time <br />• Maintain fund balance thresholds <br />• Electric — 60 days <br />• Water/Wastewater — 25% <br />• Continue to cash fund CIP to the extent possible with excess fund balance <br />• Increases in operations & maintenance anticipated based on CPI increase <br />over prior year <br />2. Receive a Staff Presentation and hold discussion regarding American Rescue Plan <br />(ARP) Funding, and provide direction to the City Manager <br />After Ms. Miranda provided the decision point summary from item 1, Council <br />asked to move onto the American Rescue Plan (ARP) Funding prior to <br />City of San Marcos Page 8 <br />