05.20.20 BJAD PresentationBJAD Commissions
COMMUNITY VITALITY COVID BUDGET IMPACT AND STRATEGIES
MAY 20, 2020
Current COB Impact/Central Finance Guidance
Prioritized proposed reductions up to 10% of 2020 budget (all funds) and reductions of up to
10% for 2021 (2020 ongoing reductions included)
Evaluate all programs and projects through the following lenses:
◦Budgeting for Resiliency
◦Four Categories:
◦Essential, Important, Helpful (Flex Rebate), or Amenity (Event support)
◦Whether service should reasonably be provided during next 6-12 months
◦Revenue impact
◦Racial Equity
◦Citywide goals (Sustainability + Resilience Framework), Dept. Strategic Plans, Collaboration
Budget reductions for 2020 are currently being evaluated
Adapting Framework to CV
Strategic plan
◦Access for People
◦“Invest in existing infrastructure to enhance and extend life of district-owned assets and develop a strategic asset plan for future
opportunities.”
◦“Set and achieve customer service enhancements such as, reducing in-person wait times, setting standards for responsiveness to
customer issues, and further development of partnerships.”
◦Vision of Place
◦“Utilize existing programs to contribute to the city-wide Vision Zero goals; safety enhancements for pedestrians, bikes, and
vehicles.”
◦Pursuit of Vitality
◦“To facilitate a diverse and dynamic economy where residents and businesses grow and succeed together through strategic
partnerships (internal and external), policies, and programs.”
Adapting Framework to CV
CIP project prioritization criteria:
1.Project addresses Life/Safety issue
2.Project addresses deferred maintenance as outlined in CIP/Farnsworth and/or maintenance costs
increase without addressing
3.Project is critical to generate and/or increase revenue
4.Project is related to a type of service (Essential, Important, Helpful, Amenity)
5.Project advances CV Strategic Objective(s)
Adapting Framework to CV
➢Reductions a mixture of one-time and ongoing
➢Reductions made over a two-year budget horizon (2020-2021)
➢Reductions prioritized against CV Strategic Plan
➢CV-COVID Recovery activities should also be considered
CAGID Revenue Impact
-100.0%
-90.0%
-80.0%
-70.0%
-60.0%
-50.0%
-40.0%
-30.0%
-20.0%
-10.0%
0.0%
Mar-9 -
Mar-15
Mar-16 -
Mar-22
Mar-23 -
Mar-29
Mar-30 -
Apr-5
Apr-6 -
Apr-12
Apr-13 -
Apr 19
Apr 20 -
Apr-26
Apr-27 -
May-3
May-4 -
May-10
May-11 -
May-17
May-18 -
May-24
May-25 -
May-31
Jun-1 -
Jun-7
Jun-8 -
Jun-15
Jun-16 -
Jun-22
Jun-23 -
Jun-29
DECLINE FROM 2019 UTILIZATIONDECLINE IN PARKING GARAGE UTILIZATION FROM 2019 (%)
CV Funds -Projected Financial Impact on Revenue
Fund 2020 Adopted
Budget
Revised 2020
Revenue
Surplus (Shortfall)% Change from
Adopted
General**$5,742,000 $3,435,065 ($2,306,935)-40%
UHGID $558,374 $477,207 ($81,167)-15%
CAGID $10,453,063 $7,854,166 ($2,423,354)-25%
BJAD –Parking $603,094 $569,437 ($33,657)-6%
BJAD –TDM $580,074 $580,074 -0 --0 -
TOTALS $17,936,605 $12,915,949 ($5,020,656)-28%
**Includes on-street meters, NPP, and parking violations
Fund Balances and Application
Fund 2020 Beginning Fund
Balance
2020 Operating
Reserve
2020 Ending Fund
Balance ($)
% to 2021 Projected
Operating Uses
CAGID $14,984,155 $1,601,507 $11,711,153 135%
UHGID $1,122,191 $105,601 $940,923 159%
BJAD –Parking $67,563 $60,542 $4,699 1.3%
BJAD –TDM $451,327 $52,937 $489,979 100%
Short-Term Impact on BJAD Funds
TDM
➢No immediate revenue impact
➢RTD EcoPass partial reimbursement likely
(~$35,000)
➢Changes in RTD service will be monitored
➢Property values will be monitored
PARKING
➢Short-term parking revenue impact
➢Likely 50% decline from 2019 revenues ($18,533)
due to stay-at-home order and transit reductions
➢Long-term permit revenue impact
➢Permit sales likely to be impacted –current
projection is 25% decline from 2019 revenues
(~$12,000)
CV Potential Strategies to Address Gap
Fund Balance Applied UHGID & CAGID
CIP Delays/Cancellations Affordable Commercial Pilot
Technology Improvements
Limited Flexibility on Large Projects
EcoPass Reduction Expected Reimbursement from RTD
Furlough Savings Limited financial impact
Other Operational Reductions 10% ongoing reduction recommendations
(city-wide)
Long-Term Planning and Future Funding
➢Continued need for long-term planning for both districts to inform budget recommendations
➢BJAD Commissions retreat
➢Council subcommittee on budget will impact city-wide prioritization
➢Departments will be asked to assume a fiscally-constrained environment until long-term COVID
impacts are known
Budget Process
➢Reductions being considered this month
➢Additional guidance may be forthcoming from Central Finance for 2020 & 2021
➢Capital Improvement Plan review is proceeding
➢Department budget (draft) is due June 8
➢Expect BJAD Commissions to review a close to final budget in July