HomeMy WebLinkAboutCOUNCIL - COMPLETE AGENDA - 07/09/2019 - WORK SESSIONCity of Fort Collins Page 1
Wade Troxell, Mayor Council Information Center (CIC)
Kristin Stephens, District 4, Mayor Pro Tem City Hall West
Susan Gutowsky, District 1 300 LaPorte Avenue
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City Council Work Session
July 9, 2019
6:00 PM
• CALL TO ORDER.
1. Affordable Housing and Mobile Home Preservation Council Priorities. (staff: Sue Beck-Ferkiss,
Jackie Kozak-Thiel, Tom Leeson; 20 minute staff presentation; 45 minute discussion)
The purpose of this item is to review City housing policy and explore current City Council priorities
related to Affordable and Achievable Housing Strategies, and Mobile Home Park Preservation and
Resident Protections.
2. City Financial Overview and Planning Overview. (staff: Mike Beckstead, Travis Storin; 25 minute
staff presentation; 30 minute discussion)
The purpose of this item is to provide an overview of the City’s revenue, expenditure and balance
sheet as of year-end 2018. In addition, staff will provide on overview of the City’s Strategic Planning
and Budgeting for Outcomes process.
• OTHER BUSINESS.
• ADJOURNMENT.
DATE:
STAFF:
July 9, 2019
Sue Beck-Ferkiss, Social Policy and Housing Program
Manager
Jackie Kozak-Thiel, Chief Sustainability Officer
Tom Leeson, Director, Comm Dev & Neighborhood Svrs
WORK SESSION ITEM
City Council
SUBJECT FOR DISCUSSION
Affordable Housing and Mobile Home Preservation Council Priorities.
EXECUTIVE SUMMARY
The purpose of this item is to review City housing policy and explore current City Council priorities related to
Affordable and Achievable Housing Strategies, and Mobile Home Park Preservation and Resident Protections.
GENERAL DIRECTION SOUGHT AND SPECIFIC QUESTIONS TO BE ANSWERED
1. Provide an overview of City Affordable Housing Policy.
2. Obtain clarity on Council Priorities regarding:
• Affordable and Achievable Housing Strategies
• Mobile Home Park Preservation and Resident Protections.
3. Receive City Council feedback and points of emphasis to guide staff’s work going forward.
BACKGROUND / DISCUSSION
City Council has identified affordable housing strategies and related issues as part of its priority agenda.
Consistently, the issue of affordable housing is rated number one or two in the annual Community Survey for at
least the past 5 years. Housing affordability is on everyone’s mind.
Providing a housing continuum that includes options for all incomes, ages, abilities and life stages continues to be
a challenge in Colorado and Fort Collins is no exception. Home prices in Fort Collins are increasing faster than
incomes. Since 2000, the median home sales price grew at an average annual rate of 4.4%, while the average
annual rate of growth for household income was 1.8%. Housing vacancy remains tight and has not risen to a rate
considered normal since 2000. The number of cost-burdened households that pay more than 30% of their income
on housing costs is increasing. Spending this much of household income on housing leaves very little for other
basic needs. Both homeowners and renters are challenged in finding housing affordable to them, but renters are
feeling the crunch more than homeowners. A Fort Collins household must make $25.33 an hour working full time
to afford a two-bedroom apartment. That local “housing wage” exceeds the national figure of $22.96 to afford a
two-bedroom apartment.
Fort Collins has long identified the need for strategic planning generally and on the issue of affordable housing
specifically. Starting in 1999, the City has used iterative five-year plans to guide policy and funding decisions to
promote the production and preservation of affordable housing. All the City’s current strategic planning
documents speak to the need to support affordable housing provision in our community.
This item will include:
• A review of the housing policy documents
• A status report on the progress to date
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• Possible opportunities to create more housing choices and preserve affordable options available today
Staff will be seeking clarification and details about Council’s two priorities affecting housing policies:
1. Mobile home park preservation and resident protections - Develop policies/programs to preserve mobile home
parks as a source of affordable housing and enhance resident protections, particularly around issues of utility
gouging and eviction.
2. Affordable and achievable housing strategies such as: Purchase and Deed restrictions; Impact Fees; Regional
Partnerships; Work with Partners such as CSU and Community Land Trusts; Down Payment Assistance;
Inclusionary Zoning; Land Bank program; and other best practices.
Overview of Applicable Plans
City Plan
The recently adopted City Plan has eight specific strategies articulated in Neighborhood Livability and Social
Health that speak directly to this:
• Liv 5.2 Supply of Attainable Housing
• Liv 5.4 Land Supply for Affordable Housing
• Liv 5.5 Integrate and Distribute Affordable Housing
• Liv 6.4 Permanent Supply of Affordable Housing
• Liv 6.6 Affordable Housing Programs
• Liv 6.7 Incentives
• Liv 6.8 Prevent Displacement
• Liv 6.9 Mitigate Displacement Impacts
Most of these strategies are specific to affordable housing as defined in the City to mean housing for households
earning no more than 80% area median income (AMI) and spending no more than 30% of their income on rent or
38% of their income on home ownership costs. The first listed strategy, however, introduces the word “attainable”
to mean that residents making 100% of the AMI could spend no more than 30% of their income on housing costs.
That would mean a family of 4 making $87,200 could spend up to $2,180 a month on housing costs. This is a
good starting definition that will need to be expanded on as the City gears up for the next iteration of affordable
housing planning.
Most of the City’s efforts to date have focused on the lowest wage earners because the real estate market has
provided options to income levels above 80% AMI. Real Estate is a commodity driven market. The City has an
active role in the lowest income category because historically the market fails to meet demand at this level without
public assistance of some kind. Therefore, the City has established policies, plans, programs and initiatives for
the traditionally affordable income range. Now even households making more than 80% AMI are struggling to find
housing that is affordable to them. This presents an opportunity for the City to broaden the traditional policy
analysis. While the City does not build or develop housing directly, the City does have and use influence to
develop policy, fund affordable housing development, facilitate partners, and regulate the development of
housing.
City Strategic Plan
The City’s Strategic Plan also speaks to housing in the strategic objectives in the Neighborhood Livability and
Social Health Key Strategic Outcome Area. Specifically, Objective 1.1 seeks to improve access to a broad range
of quality housing that is safe, accessible and affordable, and Objective 1.2 seeks to leverage and improve
collaboration with other agencies to address homelessness, poverty issues and other high priority human service
needs.
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City Affordable Housing Goals
Currently, the City’s affordable housing policy and funding is guided by the 2015-2019 Affordable Housing
Strategic Plan. This plan establishes an overarching goal to have 10% of the City’s housing inventory restricted as
affordable when the City reaches build out, anticipated to be around 2040. To achieve that end result, the City
would need to increase the percentage of affordable housing by 1% every five years until build out. An annual
goal of 188 units a year for this Plan’s term was established.
Affordable Housing Studies
Between the 2010 and the 2015 Affordable Housing Strategic Plans (AHSP), the City undertook a series of
studies to inform the policies and strategies contained in the current 2015-2019 AHSP. These included:
• 2013 Affordable Housing Redevelopment Displacement Mitigation Strategy (Mitigation Strategy), which
resulted in specific recommendations that apply to mobile home park preservation and a review of the
recommendations and progress will follow.
• 2014 Social Sustainability Gaps Analysis (Gaps Analysis) established the level of need for specific types of
housing appropriate to specific income categories.
• 2014 Housing Affordability Policy Study (HAPS) built on the Gaps analysis data with policy suggestions which
will be reviewed in detail below too.
• 2015 Land Bank Property Disposition Study (Land Bank Study) provided a full market study built on 2014
property appraisals which showed requisite value in the land bank parcels. This study concluded the City
should deploy one or more parcels. The City partnered with Housing Catalyst (the City’s Housing Authority) to
develop one parcel into the Village on Horsetooth which boasts 96 rental homes. The City has entered into an
exclusive negotiating agreement on another parcel with developer TWG, Inc., and they are exploring
feasibility for a home ownership community of about 60 units.
Extensive public outreach was conducted at each stage of this policy work. Stakeholder workshops, public open
houses, focus groups, interviews, presentations to the Chamber of Commerce and the Board of Realtors and
board and commission presentations were conducted. The Affordable Housing Board has been involved in all
levels of policy development and program implementation and continues to inform the on-going work. In 2018, the
Center for Public Deliberations conducted a Community Issues Forum on the topic of affordable housing. Most
recently, the Internal Housing Task Force hosted a series of developer and lender coffee chats and lunches to
discuss housing challenges and collaboratively search for solutions.
Affordable Housing Redevelopment Displacement Mitigation Strategy (Mitigation Strategy)
This is the City’s primary policy document related to Mobile Home Parks. It is important to note that no mobile
home parks have redeveloped during the current AHSP term. The table below lists the seven recommendations
from the Mitigation Strategies with a summary of implementations progress:
AHRDMS Recommendations Progress
Continue to Expand Designated Affordable Housing
(AH)
AH constructed and preserved Rental units - Not
mobile Home Parks
Relocation Assistance When Government funded Continues - case by case basis
Manufactured Home Park Zoning District Planning and Zoning Board did not support (2014)
Program to Invest in Infrastructure Budget offer not funded for 2015-2016 Budget
Require One Year Notice for Closure Monitoring statewide efforts to expand required notice
from 6 months
Require Owners/Developers to Pay Relocation
Assistance
Negotiated on a case by case basis
Build Resident Capacity to Own Park Facilitated Conversations with Non-profits and
technical assistance providers, beginning in 2017
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Additionally, Preserving Mobile Home Parks is specifically mentioned in the newly adopted City Plan in two short
term policies that will be initiated within the next 1-3 years:
Liv 6.8 - PREVENT DISPLACEMENT Build the capacity of homeowners’ groups, affordable housing
providers and support organizations to enable the purchase, rehabilitation and long-term management of
affordable housing. Particular emphasis should be given to mobile home parks located in infill and
redevelopment areas.
Liv 6.9 - MITIGATE DISPLACEMENT IMPACTS Consider mitigation strategies to assist residents
displaced through the closure of manufactured housing parks or conversions of rental apartments,
including single-room-occupancy units, to condominiums or other uses.
The AHSP incorporates the Mitigation Strategies by reference. Opportunities abound for preservation work for
mobile home parks. Some possible options to explore include:
• Increase time for Notice of Redevelopment from the 6 months required by State law
• Enact Resident Rights Regulations - which could include regulations requiring process when utility bills are
shared by multiple residents
• Create a New Zone District
• Create Rights of First Refusal
If Council chooses, staff could further explore these and other possible options for mobile home park stabilization
and preservation.
Housing Affordability Policy Study (HAPS)
HAPS also issued specific recommendations. The table below summarizes these recommendations and progress
to date:
HAPS Recommendations Progress
Tiered Fees so small units pay less fees In progress
Expand Fee Waivers to include all developers of
qualifying units
Done in 2017
Public financing-based incentive policy -negotiate
units in exchange for public privilege
Ongoing- example Metro Districts
AH Agreements/easements - for currently
unrestricted AH
Budget offer not funded for 2017-2018
Reduce minimum house size Done in 2015
Disposition Strategy for Land Bank Done - one developed in 2018, one in progress
Help remedy state level Construction Defects
Litigation issue
Done - Combination of 2017 Legislation and Case
Law seems to have resolved
HAPS was a comprehensive study conducted in 2014. In addition to the recommendations summarized above, it
provided information on a variety of housing options. HAPS suggested that the City should continue to monitor
conditions to see if an inclusionary housing ordinance (which would require a percentage of units in a
development to be affordable to a specific income range) would be desirable in the future. That policy was not
recommended because:
• It can be harmful to overall affordability causing cost shifting to market rate units to bring down the price of the
affordable units;
• It cannot be used for rental units which was the City’s biggest need;
• There were market rate units available at that time for the same price as the affordable units would be sold
for, creating a market detriment.
Instead, negotiated incentive zoning was recommended. Incentive zoning allows negotiation instead of codified
entitlements and is an agile way to respond to local housing conditions. An example of where the City has used
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this concept is in the creation of metropolitan districts. All the recently approved districts have promised affordable
housing as part of what they are providing the City in exchange for the privilege of using the metropolitan district
tool. HAPS recognized that new revenue sources such as linkage fees (which are impact fees charged on new
development to mitigate the need for affordable housing created by commercial and/or residential development)
would be very impactful and recognized that political and economic challenges at the time would make
implementation difficult.
HAPS remains a good primer on most policy options available to cities. It includes an analysis of best practices
from cities across the country. It also posed some interesting questions to consider five years later that could be
triggers for additional policy intervention.
• In 2014, HAPS categorized the city’s housing stress as modest and challenged the City to weigh whether the
benefits of action on a modest problem were worth the costs of implementing and enforcing stringent
regulations.
• HAPS suggested that when employers have difficulty attracting or retaining talent that policy intervention
should be considered. In 2018, Talent 2.0, a reginal workforce attraction and retention initiative led by the Fort
Collins Chamber of Commerce identified housing as one of the top issues facing the local workforce.
• Lastly, HAPS asked what is the City’s tolerance for in-commuting? (In 2015, the City had 41,275 workers who
lived elsewhere and commuted into the City, 36,800 workers who resided and worked in the City, and 34,776
workers who lived in the City but worked somewhere else). Assuming more affordable housing is available in
the commute shed; does the City want to also have options in the City? (In looking at other City goals such as
stated in the Climate Action Plan, suggests the answer is yes).
2015-2019 Affordable Housing Strategic Plan (AHSP)
Much of this policy work was incorporated into the 2015-2019 AHSP and contributed to the specific and
measurable goals articulated in the current AHSP. The pillars of the plan are five strategies, not in prioritized
order:
• Increase the inventory of affordable rental units
• Preserve the long-term affordability and physical condition of existing housing stock
• Increase housing and associated services for people with special needs
• Support opportunities to obtain and sustain affordable Homeownership
• Refine development incentives, and expand funding sources and partnerships
The City invests in the development and preservation of affordable housing by using federal and City funds.
Typically, federal funds provide about 66% of the money available to invest with City funding making up the rest.
Since 2010, over $18 million has been invested into affordable housing construction and rehabilitation. (For
details of investments made between 2010 and 2017, see Attachment 2) In 2019, through the Competitive
Process, almost $2 million was invested into constructing and preserving affordable housing units. The Affordable
Housing Capital Fund was voter approved in 2015 to provide $4 million dollars over ten years. The fund has been
committed to providing direct capital assistance to the Mason Place Permanent Supportive Housing development
and to partially match General Fund reserves for reimbursing City departments for affordable housing fee waivers.
The City also uses programs such as Homebuyer Assistance and the Land Bank program to expand housing
options. Since 1995, the City has assisted 1,150 households with down payment and closing costs. Currently the
program has $220,000 in funding available which is approximately 15 loans at the maximum amount of $15,000
each. In total, the City has over $5 million in loan balances for homeownership between the Homebuyer
Assistance program and loans to Habitat for Humanity. The City offers some development incentives such as fee
waivers for units targeting 30% AMI households, priority processing, impact fee delays, and a density bonus in the
low-density mixed-use neighborhood zone. Since we are almost at the end of this Plan’s term, it is a good time to
examine results.
Much progress has been accomplished and there is still work to do.
• Since 2015, the City has added 370 new affordable units to the City’s inventory.
• There are more than 180 units in construction now.
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• More than half of these new units target special needs populations, including permanent supportive housing
at Redtail Ponds for individuals formerly experiencing homelessness, three communities that are age
restricted for seniors as well as income restricted, and a group home is under construction in the City owned
Sherwood House for families escaping homelessness.
The current AHSP’s goal of 940 units (188 units a year) was ambitious. While the goal will not be achieved, the
progress made in adding inventory is more than in any prior plan term. In addition to the development of 550 (370
constructed and 180 under construction) new units:
• 594 units were renovated, preserved and the land use restrictions reset for another 20 to 40 years.
• The City has supported home ownership by investing in the Larimer Home Improvement Project and Habitat
for Humanity, maintaining the restricted home ownership program at Provincetowne Condominiums,
partnering on a land bank parcel for home ownership units, negotiating for restricted units in metropolitan
district communities and through the Homebuyer Assistance Program.
• The City is investigating partnering with a Community Land Trust to create additional opportunities for
restricted homeownership.
These new and preserved units are well distributed throughout the City. (See Attachment 1)
Perhaps the most active pillar of the AHSP currently is refining development incentives, expanding funding
sources and partnerships. This is the work brought forward by the Internal Housing Task Force in a City Council
Work Session late last year. The task force’s recommendations fell into 3 categories:
1. Increase Revenue;
2. Decrease Costs and Regulations; and
3. Maximize Partnerships.
Work in progress was recognized under each of these categories and City Council directed staff to continue to
pursue additional recommended actions. In addition to reporting that the Affordable Housing Capital Fund is being
used for direct capital assistance and in a limited way for fee waiver reimbursements, and Metropolitan Districts
were being used to fund new affordable housing, staff suggested that a study for an Affordable Housing Impact
Fee would be helpful to see what revenue could be generated. The City’s Financial Services group is
consolidating all potential new revenue and fee requests across the organization and will provide a high-level
summary of each and facilitate a prioritization discussion with the Council Finance Committee in August /
September. Under the topic of decreasing costs and regulations, staff is looking to the implementation of City Plan
for efficiencies for all housing types and for development standards that could be flexed for affordable housing
without negative consequences. Lastly, staff reported that the City is working to collaborate with the water districts
in the City because this is a driving factor in development costs, working with Employers to find their role in
providing housing, and has been exploring partnering with a Community Land Trust to create more housing
options.
Community Land Trusts (CLT) create and maintain homes as permanently affordable by:
• Retaining ownership of the land with a lease to the home buyer for the unit. The lease sets terms for selling to
income-qualified buyers, formulas for splitting the unit’s appreciation allowing some appreciation to remain in
the home to keep price affordable to subsequent buyers, requiring owner occupancy, and other provisions to
assure permanent affordability.
• CLTs monitor and enforce the lease provisions and certify buyers and sales prices to assure affordability
restrictions are complied with.
• CLT’s retain responsibility for managing the program perpetuity and maintaining relationships with the home
buyers when they purchase, when they reside in the homes and when they sell.
The City has been approached by Elevations Community Land Trust who would like to enter into a Memorandum
of Understanding (MOU) with the City establishing a working relationship and an agreement to try to support the
CLTs efforts to provide permanently affordable homeownership opportunities in the City. Staff recommends
entering into this MOU and seeks Council direction about moving forward.
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Internal and External Partnerships
The City continues to work towards the goals of the AHSP through internal and external partnerships. City Council
has guided staff efforts through a series of work sessions and Council actions. Work Session Summaries are
attached. (Attachment 3)
• An Internal Housing Task Force has been created to recognize the enterprise-wide nature of affordable
housing and how many different City departments touch the development of this necessary community
infrastructure.
• The City has been working with a regional group, including many people and organizations in both Larimer
and Weld counties called No Co Housing Now to look for answers to regionally experienced housing stress.
• Larimer County has convened a work group to look at reducing housing burden which occurs when a
household spends too much of their income on housing costs and needs to skimp on other basic needs.
• The City has received a grant for $796,000 from the Colorado Department of Public Health and Environment
to specifically address health disparities in housing through the implementation of City Plan.
• The City has been encouraging employers and anchor institutions such as Colorado State University to define
their role in alleviating housing stress for their employees.
• The City continues to work with other communities and organizations such as Housing Catalyst, Homeward
2020, the Affordable Housing Board, the Fort Collins Board of Realtors and the Chamber of Commerce locally
and regionally to expand housing options to the end that all residents in Fort Collins have housing choices
that are affordable to them.
Next Steps
Staff will use Council clarifications on these priorities to adjust work plans.
Staff from the Utilities Department, Neighborhood Services and Social Sustainability plan to meet to work
collaboratively on the resident protection aspects of the Mobile Home Park priority based on Council direction.
Staff is gearing up for the next iteration of the Affordable Housing Strategic Plan. Data is being updated and a
work group will be convened in the coming months. Drafting and outreach is planned for early 2020 with
anticipated adoption of the new plan by the end of 2020.
ATTACHMENTS
1. New and renovated affordable housing map locations (PDF)
2. 2010-2017 Affordable Housing Funding History (PDF)
3. Work Session Summaries (PDF)
4. Powerpoint presentation (PDF)
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47
126
72
North Fort
Collins
LOCATION OF CITY'S AFFORDABLE HOUSING INVESTMENTS
ATTACHMENT 1
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Attachment: New and renovated affordable housing map locations (8089 : Affordable Housing & Mobile
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96
285
116
60
110
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LOCATION OF CITY'S AFFORDABLE HOUSING INVESTMENTS
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Attachment: New and renovated affordable housing map locations (8089 : Affordable Housing & Mobile
Project: Community Development
Block Grant (CDBG): HOME Program Funding:
Affordable Housing Fund –
City dollars: Fee Waivers Project description:
Legacy Senior Residences – (2010 & 2011
funding) $275,513 $412,748 $28,890 $0
Construction of 72 units of affordable
senior housing
Redtail Ponds (2011 ‐2013) $673,108 $488,553 $229,416 $288,000 Construction of 60 units of housing for
homeless and very low income
Tenant Based Rent Assistance (2012 –
2014) $0 $156,240 $17,434
Monthly rental assistance for previously
homeless individuals in partnership with
Touchstone Health Systems
Village on Cunningham Corner Acquisition
(2012) $502,076 $570,735 $0 N/A
Acquisition/preservation of 3 multi‐family
properties with a total of 284 rental units
Village on Cunningham Corner –Rehab
(2013 – 2016) $1,240,502 $601,119 $220,579 N/A
Rehabilitation and preservation of
acquired property with deferred
maintenance needs
Village on Redwood (2013 ‐2015) $578,274 $1,552,889 $588,537 $100,708 New construction of 72 units of affordable
rental housing
Village on Matuka Rehab 2014 $380,000 $0 $0 N/A Rehabilitation of 20 units of very low
income rental housing
Village on Horsetooth (2017) $1,125,000 $350,000 Development of 96 units on City Land
Bank parcel
Tenant Based Rental Assistance (2015 ‐
2017) $0 $170,227 $0 N/A
Monthly rental assistance for previously
homeless individuals in partnership with
Touchstone Health Systems
Caribou II Apartments (2010) $300,000 Construction of 96 units of affordable
housing
City of Fort Collins (HBA Program)
(2010‐ 2017)
$350,000 $150,000 $250,000
Downpayment & Closing cost
assistance for first time homebuyers
Larimer Home Improvement Program
(2010 – 2017)
$562,721 Emergency repair & rehab program
for low‐income home owners.
CARE Housing Provincetowne (2010) $250,000 $552,700
Construction of 85 units of affordable
housing
(Fee waiver was a result of FCHA .001
ownership interest)
Habitat – Rigden Farm (2011) $82,500
Land acquisition cost for construction
of 3 homes
Habitat – Avondale (2013) $605,000 $40,000
Land acquisition and water tap fees to
construct 10 homes
2010-2017 AFFORDABLE HOUSING FUNDING HISTORY ATTACHMENT 2
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Habitat – Harmony (2016‐2017) $282,953 $500,000 $97,047
Land acquisition and water tap fees to
construct 18 homes
Neighbor to Neighbor (2013‐2017) $203,832
Energy efficiency upgrades and repairs
across multiple properties
Northern Hotel (2016‐2017) $675,000
Rehabilitation of 47 units of affordable
senior housing
DMA Plaza (2017 $512,516 $487,487
Rehabilitation of 110 units of
affordable senior housing
TOTAL: $5,649,942 $6,554,998 $2,955,956 $1,291,408 $16,452,304
1.2
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Attachment: 2010-2017 Affordable Housing Funding History (8089 : Affordable Housing & Mobile Home
ATTACHMENT 3
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Attachment: Work Session Summaries (8089 : Affordable Housing & Mobile Home Preservation Council Priorities)
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Attachment: Work Session Summaries (8089 : Affordable Housing & Mobile Home Preservation Council Priorities)
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Attachment: Work Session Summaries (8089 : Affordable Housing & Mobile Home Preservation Council Priorities)
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Attachment: Work Session Summaries (8089 : Affordable Housing & Mobile Home Preservation Council Priorities)
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Attachment: Work Session Summaries (8089 : Affordable Housing & Mobile Home Preservation Council Priorities)
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Attachment: Work Session Summaries (8089 : Affordable Housing & Mobile Home Preservation Council Priorities)
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Attachment: Work Session Summaries (8089 : Affordable Housing & Mobile Home Preservation Council Priorities)
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Attachment: Work Session Summaries (8089 : Affordable Housing & Mobile Home Preservation Council Priorities)
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Attachment: Work Session Summaries (8089 : Affordable Housing & Mobile Home Preservation Council Priorities)
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Attachment: Work Session Summaries (8089 : Affordable Housing & Mobile Home Preservation Council Priorities)
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Attachment: Work Session Summaries (8089 : Affordable Housing & Mobile Home Preservation Council Priorities)
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Attachment: Work Session Summaries (8089 : Affordable Housing & Mobile Home Preservation Council Priorities)
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Attachment: Work Session Summaries (8089 : Affordable Housing & Mobile Home Preservation Council Priorities)
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Attachment: Work Session Summaries (8089 : Affordable Housing & Mobile Home Preservation Council Priorities)
July 9,2019
Council Priorities on Housing & Mobile Home Parks
Sue Beck-Ferkiss & Tom Leeson
ATTACHMENT 4
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Attachment: Powerpoint presentation (8089 : Affordable Housing & Mobile Home Preservation Council
Work Session Objectives
2
1. Overview of City Affordable Housing Policy
2. Clarify Council priorities regarding:
• Affordable and Achievable Housing Strategies
• Mobile Home Park Preservation and Resident Protections
3. Council Feedback and Points of Emphasis
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Attachment: Powerpoint presentation (8089 : Affordable Housing & Mobile Home Preservation Council
Strategic Alignment
3
City Plan
&
SSD Strategic Plan
City Strategic Plan
Neighborhood Livability &
Social Health 1.1
Affordable Housing
Strategic Plan
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Attachment: Powerpoint presentation (8089 : Affordable Housing & Mobile Home Preservation Council
City Plan Policies
• Supply of Attainable Housing
• Affordable Housing
• Land Supply
• Integration and Distribution
• Permanent Supply
• Programs & Incentives
• Prevent Displacement
• Mitigate Displacement Impacts
4
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Attachment: Powerpoint presentation (8089 : Affordable Housing & Mobile Home Preservation Council
Problem We’re Trying to Solve
5
Key Trends:
• Fort Collins is
creating more jobs
than housing units
• Wages are not
keeping pace with
rent & home prices
• Housing capacity is
insufficient to meet
long-term demand
Median Home Price
Median Income of a Family of 4
Median Income of All Households
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Attachment: Powerpoint presentation (8089 : Affordable Housing & Mobile Home Preservation Council
6
Housing Affordability Along
the Income Spectrum
AMI 0%
Below 80% AMI is City’s
Definition of Affordable Housing
80%
$68K/yr
100% 200%
$85K/yr
120%
$102K/yr
$415K
Market Housing
Purchase Price $320K
Goal is defined by AHSP
(188-228 units/year)
Fewer attainable options are
available to the “Missing Middle”
Goal is harder to define & City influence
may be outweighed by market forces
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Attachment: Powerpoint presentation (8089 : Affordable Housing & Mobile Home Preservation Council
City’s Role:
ü Policy
ü Funding
ü Facilitating
ü Regulating
No City Role in:
X Building
X Developing
7
City’s Role in Affordable Housing
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Attachment: Powerpoint presentation (8089 : Affordable Housing & Mobile Home Preservation Council
City’s Plans and Goals
8
Units
Overarching Goal = 10% at Buildout
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Attachment: Powerpoint presentation (8089 : Affordable Housing & Mobile Home Preservation Council
Pillars of Current Affordable Housing Strategic Plan
Expand
Rental
Inventory
Preserve
Existing
Inventory
Support
Home
Ownership
Housing with
Services for
Special
Needs
Incentives,
Funding
Sources and
Partnerships
9
1.4
Packet Pg. 35
Attachment: Powerpoint presentation (8089 : Affordable Housing & Mobile Home Preservation Council
Current Resources
10
Funding Programs Incentives
1. Home Buyer Assistance
2. Land Bank
3. Provincetowne
1. Density Bonus
2. Impact Fee Delay
3. Priority Processing
4. Fee waivers (limited)
1. Affordable Housing
Capital Fund
2. CDBG/HOME (HUD)
3. Affordable Housing Fund
(GF)
4. Metro Districts
5. URA
1.4
Packet Pg. 36
Attachment: Powerpoint presentation (8089 : Affordable Housing & Mobile Home Preservation Council
Housing Policy Cycle
Affordable
Housing Strategic
Plan
2010
2015
2020
AH Redevelopment
Displacement
Mitigations Strategy
2013
Social
Sustainability
Gaps Analysis
2014
Housing
Affordability Policy
Study
2014
Land Bank
Property
Disposition Study
2015
11
1.4
Packet Pg. 37
Attachment: Powerpoint presentation (8089 : Affordable Housing & Mobile Home Preservation Council
AHRDMS Recommendations
12
Recommendation Status Actions
Continue to Expand Designated AH AH constructed and preserved
Relocation Assistance When
Government funded
Continues on a case by case basis
Manufactured Home Park Zoning
District
Planning and Zoning Board did not
support
Program to Invest in Infrastructure Budget offer not funded
Require One Year Notice for Closure Monitoring statewide efforts to expand
required notice from 6 months
Require Owners/Developers to Pay
Relocation Assistance
Negotiated on a case by case basis
Build Resident Capacity to Own Park Facilitated Conversations
1.4
Packet Pg. 38
Attachment: Powerpoint presentation (8089 : Affordable Housing & Mobile Home Preservation Council
Preserving Manufactured Housing Priority
Opportunities:
• Policy - City Plan Liv 6.8 & 6.9
• Explore Possible Options including:
• Increase Time for Notice of Redevelopment
• Resident Rights Regulations
• New Zone District
• Rights of First Refusal
13
1.4
Packet Pg. 39
Attachment: Powerpoint presentation (8089 : Affordable Housing & Mobile Home Preservation Council
Housing Affordability Policy Study
HAPS Recommendations Status Actions
Tiered Fees In progress
Expand Fee Waivers Done
Public financing based incentive policy Done – example Metro Districts
AH Agreements/easements Budget offer not funded
Reduce minimum house size Done
Disposition Strategy for Land Bank Done – one developed, one in
progress
Help remedy state level Construction
Defects Litigation issue
Done
14
1.4
Packet Pg. 40
Attachment: Powerpoint presentation (8089 : Affordable Housing & Mobile Home Preservation Council
Additional Options Considered in HAPS
1. Inclusionary Housing Ordinance
2. Codified Incentive Zoning
• Not Needed if Use Negotiation for Permissive Uses
3. New Fees or Other Revenue Source
• Political and Economic Challenges
• Probably Most Impactful if Challenges Overcome
15
1.4
Packet Pg. 41
Attachment: Powerpoint presentation (8089 : Affordable Housing & Mobile Home Preservation Council
Progress Since 2015
Constructed
370 new
units built
+180 under
construction
Preserved
594
renovated
rental units
Home
Ownership
Habitat
Homes
Land Bank
Project
16
1.4
Packet Pg. 42
Attachment: Powerpoint presentation (8089 : Affordable Housing & Mobile Home Preservation Council
17
20
47
126
72
North Fort
Collins
1.4
Packet Pg. 43
Attachment: Powerpoint presentation (8089 : Affordable Housing & Mobile Home Preservation Council
18
96
285
116
60
110
16
South
Fort
Collins
1.4
Packet Pg. 44
Attachment: Powerpoint presentation (8089 : Affordable Housing & Mobile Home Preservation Council
Increase Housing & Services for Special Needs Populations
Formerly Homeless Individuals - Permanent Supportive Housing:
• Redtail Ponds
• Mason Place (under development)
Seniors - Age Restricted & Income Restricted:
• Affinity
• Legacy Senior Residences
• Oakridge Crossing
• Volunteers of America (under development)
Families Escaping Homelessness - Transitional Housing:
• Sherwood Group Home (under renovation)
19
1.4
Packet Pg. 45
Attachment: Powerpoint presentation (8089 : Affordable Housing & Mobile Home Preservation Council
Support Homeownership
20
Homebuyers
Assistance
Low Income
Home
Improvement
Program
Habitat
Homeownership
Provincetown
Condominiums
Proposed Land
Bank
Developments
Metro Districts
1.4
Packet Pg. 46
Attachment: Powerpoint presentation (8089 : Affordable Housing & Mobile Home Preservation Council
Incentives, Funding Sources and Partnerships
21
INCREASE REVENUE DECREASE COSTS MAXIMIZE PARTNERSHIPS
1. City Plan Update
2. Development Based
Incentives
1. Water District
Collaboration
2. Employers
3. Community Land
Trusts
1. Direct Capital
Assistance
2. Metro Districts
3. New Fee Study
1.4
Packet Pg. 47
Attachment: Powerpoint presentation (8089 : Affordable Housing & Mobile Home Preservation Council
2018 Community Engagement
22
April 25
City Works 101
April 11 & 20
Coffee Chats
May 2
Community
Issues Forum
Stakeholders
Open House
April 26
Neighborhood
Connections
April 12
July 10
Board of
Realtors
Developers & Lenders
Focus Group
May 21
Affordable
Housing Board
October 11
1.4
Packet Pg. 48
Attachment: Powerpoint presentation (8089 : Affordable Housing & Mobile Home Preservation Council
23
City
Council
Internal
Housing
Task
Force
Affordable
Housing
Executive
Team
Regional
Work Teams
• No Co Housing
Now
• County
Strategic Work
Group
CDPHE
Health
Disparities
Grant
Program
City B & Cs
Developers,
Board of
Realtors,
Major
Employers
Exploring
additional
partnership
• Community
Land Trust?
Partners in Effort
1.4
Packet Pg. 49
Attachment: Powerpoint presentation (8089 : Affordable Housing & Mobile Home Preservation Council
Council Direction Sought
24
1. Overview of City Affordable Housing Policy
2. Clarify Council priorities regarding:
• Affordable and Achievable Housing Strategies
• Mobile Home Park Preservation and Resident Protections
3. Council Feedback and Points of Emphasis
Continue Consider
Affordable
Housing
• Purchase & Deed restrictions
• Local & Regional Partnerships
• Homebuyer Assistance
• Land Bank Program
• Development Based Incentives
• New Affordable Housing Fee Study
• Community Land Trust Partnership
• Inclusionary Zoning
• Other Best Practices
Mobile
Homes
• Develop Policies/Programs to
Preserve mobile home parks
• Enhance Resident Protections
• Increase Time for Notice of
Redevelopment
• New Zone District
• Rights of First Refusal
1.4
Packet Pg. 50
Attachment: Powerpoint presentation (8089 : Affordable Housing & Mobile Home Preservation Council
DATE:
STAFF:
July 9, 2019
Mike Beckstead, Chief Financial Officer
Travis Storin, Accounting Director
WORK SESSION ITEM
City Council
SUBJECT FOR DISCUSSION
City Financial Overview and Planning Overview.
EXECUTIVE SUMMARY
The purpose of this item is to provide an overview of the City’s revenue, expenditure and balance sheet as of
year-end 2018. In addition, staff will provide on overview of the City’s Strategic Planning and Budgeting for
Outcomes process.
GENERAL DIRECTION SOUGHT AND SPECIFIC QUESTIONS TO BE ANSWERED
This item is informational only. Staff is not seeking direction from Council at this time.
BACKGROUND / DISCUSSION
Financial Overview
The City’s financials can be broken into two parts, Governmental Activities (activities that are supported by taxes
and fees) and Enterprise Activities (activities funded by user fees and charges, i.e., Utilities)
Total City net revenues were $499M in 2018, up slightly from $498M in 2017, and up significantly from 2009 when
the City’s net revenues were $306M. 2018 revenue included $266M of Governmental revenue and $233M of
Enterprise revenue. Sales and Use tax revenue accounts for 52% of Governmental revenue. Enterprise revenue
is 62% Light and Power with the remainder coming from four other funds - Water, Wastewater, Stormwater and
Golf.
Governmental expenditures were $274M in 2018. 80% of the City’s Governmental expenditures are associated
with Planning Development & Transportation; Community Services, and public safety in Police and Poudre Fire
Authority. Personnel costs are the single largest expenditure category followed by Purchased services.
Enterprise expenditures share is similar to revenue as each utility can only be supported by the revenues
specifically for that fund.
The City’s balance sheet is healthy with moderate debt and a strong fund balance position. Debt was at a 30-
year low at the end of 2017, increased significantly in 2018 as a result of new borrowings of $142M to support the
City’s Broadband implementation. Fund balances grew significantly from 2010 to 2014 and have remained fairly
steady at just under $400M since 2014.
Planning Process
The City utilizes a two-year planning cycle that begins shortly after Council elections during the odd years of the
calendar. Council onboarding occurs in the few months after the April election, Strategic Planning begins in the
fall and is completed in February and March. The Strategic Plan is updated every two years and designed to
provide Strategic Objectives that need to be addressed over the next 3-5 years. The City uses an issues-based
strategic planning process where inputs are gathered from the community, Council and City staff that ultimately
are used to develop the Strategic Objectives within the Strategic Plan.
2
Packet Pg. 51
July 9, 2019 Page 2
The Strategic Plan (SP) is shared with the organization in late March and is utilized to guide the development of
budget proposals that will accomplish the Strategic Objectives defined within the Strategic Plan. The City uses a
Budgeting for Outcomes (BFO) process and develops a two-year budget during even years covering the next two
calendar years. The process can be summarized as:
1. Staff develops budget proposals to achieve the Strategic Objectives within the SP
2. BFO teams comprised of staff and citizens evaluate and rank the proposals. Funding is allocated and the
ranking determines what gets funded and what does not get funded.
3. The Executive Team reviews all rankings, staff addresses questions, the budget is finalized to the City
Managers Recommended Budget which is shared with Council the first of September.
4. Council conducts two public hearings and three work sessions to review, question, modify, and ultimately
adopt the budget by the end of November.
ATTACHMENTS
1. Powerpoint presentation (PDF)
2
Packet Pg. 52
June 11, 2019
2018 Financial Highlights
Mike Beckstead, Chief Financial Officer
ATTACHMENT 1
2.1
Packet Pg. 53
Attachment: Powerpoint presentation (8111 : City Financial Overview and Planning Overview)
Contents
Financial Overview
• Revenues
• Expenditures
• Balance Sheet
Planning Process Review
• Strategic Planning
• Budgeting for Outcomes
2
2.1
Packet Pg. 54
Attachment: Powerpoint presentation (8111 : City Financial Overview and Planning Overview)
Tale of Two Cities
• Governmental Activities
• Activities that do not lend themselves to be funded by User
Fees and are wholly or partially supported by taxes
• Enterprise Activities
• 100% fund by User Fees
• Light & Power, Water, Wastewater Storm Drainage and Golf
3
2.1
Packet Pg. 55
Attachment: Powerpoint presentation (8111 : City Financial Overview and Planning Overview)
Revenues
4
2.1
Packet Pg. 56
Attachment: Powerpoint presentation (8111 : City Financial Overview and Planning Overview)
Revenue City Funds
(millions)
5
• Roughly half of our revenue comes
from Utilities and half comes from
Governmental activity
• Utility revenue driven by demand
and rate changes
• Governmental revenue growth
slowed starting in 2015
2.1
Packet Pg. 57
Attachment: Powerpoint presentation (8111 : City Financial Overview and Planning Overview)
2018 Governmental Revenue
6
• 3 revenue sources account for 75%
• 52% Governmental Revenue from
Sales & Use tax
• Fees and service charges are 14%
• Property tax accounts for only 9%
2.1
Packet Pg. 58
Attachment: Powerpoint presentation (8111 : City Financial Overview and Planning Overview)
Sales Tax with % Change
7
• Sales tax is generated at point of
purchase of goods and products
• Average growth:
• 2000 - 2010 1.7%
• 2010 – 2015 5.6% (w/o KFCG)
• 2015 - 2018 3.0%
• 2019 YTD growth over 2018 1.7%
2.1
Packet Pg. 59
Attachment: Powerpoint presentation (8111 : City Financial Overview and Planning Overview)
Use Tax with % Change
8
• Use Tax generated from building
activity, auto sales and business
equipment investment
• Significant volatility in use tax
• Several large projects drove the
spike in 2014-2016
• Current building activity has
revenue hovering in the $21M
range
2.1
Packet Pg. 60
Attachment: Powerpoint presentation (8111 : City Financial Overview and Planning Overview)
City Percentage of Net Taxable Sales
Declining since 2010
9
Fort Collins Net Taxable Sales
• Net Taxable Sales (NTS)
reflects the total value of
taxable goods and products
• Historically the City has
accounted for 70% of County
NTS
• Regional retail growth
outside of the City driving
decline
2.1
Packet Pg. 61
Attachment: Powerpoint presentation (8111 : City Financial Overview and Planning Overview)
2018 Enterprise Fund Revenue
10
• Five Enterprise Funds
• Four Utilities and our Golf Fund
• Light & Power is by far the largest
• Purchased Power is $96M
• All Utility revenue comes from rates
and charges set by Council
2.1
Packet Pg. 62
Attachment: Powerpoint presentation (8111 : City Financial Overview and Planning Overview)
Expenditures
11
2.1
Packet Pg. 63
Attachment: Powerpoint presentation (8111 : City Financial Overview and Planning Overview)
2018 Governmental Expenditures
by Service Area
12
• PDT includes:
• Street Maintenance & Traffic
• Planning, Code Enforcement
• FC Moves
• Transit
• City capital
• Community Services includes
• Parks & Recreation
• Natural Areas
• Cultural Services
• Info & Employee Services includes
• HR, IT, Communications, Fleet & Facilities
2.1
Packet Pg. 64
Attachment: Powerpoint presentation (8111 : City Financial Overview and Planning Overview)
2018 Governmental Expenditures
by Category
13
• Personnel costs are largest category
• Purchased Services includes
• Fire Protection Service (PFA)
• Street & Bridge Construction/Repair
• Engineering and Design
• Vehicle Repairs
• Janitorial Services
• Software Maintenance & Support
• Animal Care Services
• Artists, Musicians & Speakers
• Debt Service is only 2% of Governmental
Expenditures, Council policy limit is 5%.
2.1
Packet Pg. 65
Attachment: Powerpoint presentation (8111 : City Financial Overview and Planning Overview)
2018 Enterprise Expenses by Fund
14
• Expenditures by fund very
similar to revenue
• Expenditures in each utility can
only be supported by revenues
specifically for that fund
2.1
Packet Pg. 66
Attachment: Powerpoint presentation (8111 : City Financial Overview and Planning Overview)
2018 Enterprise Expenses by Type
15
• Purchased Power largest
single expense item
• Capital purchases and
construction vary from year
to year, but always significant
2.1
Packet Pg. 67
Attachment: Powerpoint presentation (8111 : City Financial Overview and Planning Overview)
Balance Sheet
16
2.1
Packet Pg. 68
Attachment: Powerpoint presentation (8111 : City Financial Overview and Planning Overview)
Outstanding Debt last 30 years
17
• Lowest outstanding debt in 30
years occurred in 2017
• Per capita debt is lower in 2018
than in 1989
• Broadband was largest ever
single borrowing by City
• Utilities uses debt financing more
than Governmental funds
2.1
Packet Pg. 69
Attachment: Powerpoint presentation (8111 : City Financial Overview and Planning Overview)
City Fund Balances
18
• Strong fund balance
growth 2011- 2014
• Stable & healthy fund
balance 2014 – 2018
• Fund balance as a %
of expenses peaked
in 2014, healthy in
2018
2.1
Packet Pg. 70
Attachment: Powerpoint presentation (8111 : City Financial Overview and Planning Overview)
General Fund Balances
19
• Strong fund balance
growth 2011- 2014
• Stable & healthy fund
balance 2014 – 2018
• Minimum reserves
grown from $20.6M
in 2011 to $33.0M in
2018
2.1
Packet Pg. 71
Attachment: Powerpoint presentation (8111 : City Financial Overview and Planning Overview)
Planning Process
20
2.1
Packet Pg. 72
Attachment: Powerpoint presentation (8111 : City Financial Overview and Planning Overview)
Values:
- Collaboration - Excellence - Integrity
- Outstanding Service - Safety & Well-being - Stewardship
Mission: Exceptional service
for an exceptional community
Vision: To provide world-class
municipal services through
operational excellence and a
culture of innovation
City of Fort Collins Leadership System
21
2.1
Packet Pg. 73
Attachment: Powerpoint presentation (8111 : City Financial Overview and Planning Overview)
Big Picture
22
2021 2022
BFO Programs & Initiatives
2018 Strategic Plan Provides Guidance to 2019/2020 BFO Programs & Initiative
PLANNING
ACTIVITY
EXECUTION
ACTIVITY
2018 Strategic
Plan
5 Yr. View
BFO
2019/2020
ELECTIONS
On Board
2017 2018 2019 2020
2017 Budget 2018 Budget 2019 2020
BFO Programs & Initiatives BFO Programs & Initiatives
2020 Strategic
Plan
5 Yr. View
BFO
2021/2022
On Board
ELECTIONS
2021 2022
2.1
Packet Pg. 74
Attachment: Powerpoint presentation (8111 : City Financial Overview and Planning Overview)
Big Picture
23
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Even Years Odd Years
I
nputs for the Strategic Plan Strategic Planning Process Budgeting for Outcomes
Offer
Creation BFO Teams
Public Engagement
BLT Budget
Prep
Council & Public
Hearings
Capital Improvement Plan
LT Financial Plan
Risk Assessment
Community Engagement
/ Citizen Survey
Dept. Input
Strategic Plan
X = Council review of Strategic Plan at 2nd
Work Session of the month
BFO Off Year Revision Process
Strategic Plan
Election Council Onboarding
X
2.1
Packet Pg. 75
Attachment: Powerpoint presentation (8111 : City Financial Overview and Planning Overview)
Strategic Objectives - WHAT
• Multiple Strategic Objectives (SO) for each KOA
• Achieving SO achieve KOA goals
Key Outcome Areas
• Highest level Strategic Goals
• 7 Key Outcome Areas
• Used in Strategic Plan, BFO, City Plan, Etc.
Linkage – Key Outcome Areas,
Strategic Objectives & BFO Initiatives
BFO Initiatives - HOW
• Multiple BFO Initiatives for each SO
• Initiatives designed to achieve SO
24
2.1
Packet Pg. 76
Attachment: Powerpoint presentation (8111 : City Financial Overview and Planning Overview)
Issues Based Strategic Planning
25
STRATEGIC WORK & ANALYSIS – ISSUES BASED PROCESS:
STRATEGIC PLAN (5 YEAR HORIZON):
• Implications, Conclusions, Challenges, Advantages, Priorities
• Define Issues to be addressed in Strategic Objectives
• Outcomes – highest level focus areas
• Strategic Objectives – 6-10 per Outcome, helps achieve the Outcome
• Metrics – tied to Strategic Objectives
ENVIRONMENTAL
SCAN
STRATEGIC PLAN DRIVEN BY CITIZEN, COUNCIL AND STAFF INPUT & PRIORITIES
Citizen Input
& Priorities
• Citizen Survey
• Focus Groups/Outreach
• Boards & Commissions
• Citizen Priorities
Council Input
& Priorities
• Community Concerns
• Retreat Priorities
Organizational Priorities
• City Plan & Master Plans
• Economics & Financials
• Emerging Trends / Issues
• Infrastructure Issues
• Workforce trends
• Metrics
2.1
Packet Pg. 77
Attachment: Powerpoint presentation (8111 : City Financial Overview and Planning Overview)
Strategic Plan Sample
26
v
26
This must be from the 2014 SP.
Can you pull this from the 2016 SP??
If so, pull the whole thing including
sentence on NLSH & community
dashboard metrics
fcgov.com/strategicplan
2.1
Packet Pg. 78
Attachment: Powerpoint presentation (8111 : City Financial Overview and Planning Overview)
Budgeting For Outcome - BFO
27
• Strategic Objectives
become the basis for
Budget Proposals
Mar Apr May Jun Jul Aug Sep Oct Nov
Budget Time Line & Process
Strategic
Plan
Finalized
Budget Proposals Developed
BFO Teams Evaluate & Rank
City Manager
& Exec Team
Evaluates & Modifies
Council Discussion
Public Hearings
Budget Adoption
• Staff develops Budget Proposals
to achieve Strategic Objectives
• BFO Teams (staff & citizens) rank
proposals based on achievement
of Strategic Objectives
• Executive Team input
to align with Strategic
Plan, Council Work
Plan & City Priorities
• Staff addresses
questions raised by
Executive Team
• Finalize Budget
• Adopted by the end of
November
2.1
Packet Pg. 79
Attachment: Powerpoint presentation (8111 : City Financial Overview and Planning Overview)
BFO – Sample Drilling Platform
28 28
2.1
Packet Pg. 80
Attachment: Powerpoint presentation (8111 : City Financial Overview and Planning Overview)
29
* 2018 includes $112M in capital budget for Broadband
** This includes the GIDs, URA and DDA which are appropriated in separate ordinances
Amended
2018 * 2019 % Change 2020 % Change
Operating $605.6 $601.7 -0.7% $609.2 1.2%
Debt 21.9 18.1 -17.3% 14.9 -17.5%
Capital 170.3 35.0 -79.4% 27.4 -21.6%
Total City Appropriations** $797.9 $654.8 -17.9% $651.6 -0.5%
Less
Internal Service Funds ($79.2) ($81.0) 2.3% ($85.6) 5.6%
Transfers to Other Funds (66.0) (57.9) -12.2% (51.5) -11.1%
GIDs (0.5) (0.2) -67.0% (0.2) 0.0%
URAs (4.5) (5.9) 29.5% (6.0) 1.5%
DDA (12.5) (14.5) 16.0% (14.5) 0.0%
Total ($162.7) ($159.5) -2.0% ($157.7) -1.1%
Net City Budget $635.2 $495.3 -22.0% $493.9 -0.3%
TOTAL BUDGET (in millions)
2019 / 2020 Budget Summary
2.1
Packet Pg. 81
Attachment: Powerpoint presentation (8111 : City Financial Overview and Planning Overview)
30
Questions and Clarification
2.1
Packet Pg. 82
Attachment: Powerpoint presentation (8111 : City Financial Overview and Planning Overview)
31
Back up slides
2.1
Packet Pg. 83
Attachment: Powerpoint presentation (8111 : City Financial Overview and Planning Overview)
Financial Entities and Legal Entities
In City Audited Financial Statements Not in City Financial Statements
City - General Fund, Governmental Funds,
Utilities, Golf, Internal Service Funds
Poudre Fire Authority (1)
General Improvement District #1 (1)
Poudre River Public Library District (1)
General Improvement District #15 (1)
Housing Catalyst
Fort Collins Urban Renewal Authority (1)
Northern Front Range Metropolitan Planning Org.
Fort Collins Downtown Development Authority (1)
Northern Colorado Regional Airport (50%)
32
(1) Accounting, payroll, banking, investing, accounts payable, purchasing, etc. performed all or in part by City Finance
2.1
Packet Pg. 84
Attachment: Powerpoint presentation (8111 : City Financial Overview and Planning Overview)
33
• Mark-to-market impacts year end
numbers during years of with
changing interest rates
• Investment policy does not allow
stocks, derivatives, real estate,
etc. Investments allowed are:
• Government Agencies such as
Fannie Mae, Federal Farm Credit
Bureau
• Highly rated corporate bonds
• Pension Fund results are not
reflected here. Separate
investment policy from City
Earnings on Cash and Investments
2.1
Packet Pg. 85
Attachment: Powerpoint presentation (8111 : City Financial Overview and Planning Overview)
34
2.1
Packet Pg. 86
Attachment: Powerpoint presentation (8111 : City Financial Overview and Planning Overview)
35
2.1
Packet Pg. 87
Attachment: Powerpoint presentation (8111 : City Financial Overview and Planning Overview)
Strategic Plan vs. BFO
Strategic Plan – 5 Year View
Updated prior to BFO
Mission, Vision, Values
Outcomes:
• Highest level Key Focus Areas
• Broad aim to direct efforts
• Broad statement Community impact
Strategic Objectives (SO):
• Something to attain or accomplish
• Achievement helps realize Outcome
• Ideally – specific & measurable
Performance Measures
• Metrics tied to each Strategic Objective
• Track progress achieving Objective
Strategic Plan – 5 Year View
Updated prior to BFO
Mission, Vision, Values
Outcomes:
• Highest level Key Focus Areas
• Broad aim to direct efforts
• Broad statement Community impact
Strategic Objectives (SO):
• Something to attain or accomplish
• Achievement helps realize Outcome
• Ideally – specific & measurable
Performance Measures
• Metrics tied to each Strategic Objective
• Track progress achieving Objective
BFO – 2 year Budget Cycle
Initiatives Tied to Strategic Objectives
• Tactics & actions to achieve SO
• Initiatives may support multiple SO
Core Services:
• On-going core services
• Each core service includes tactics &
actions to achieve SO
Enhancements:
• New Services & initiatives to achieve SO
Linkage & Metrics
• Describes how Initiative achieves SO
• Metrics tied to each Strategic Objectives
BFO – 2 year Budget Cycle
Initiatives Tied to Strategic Objectives
• Tactics & actions to achieve SO
• Initiatives may support multiple SO
Core Services:
• On-going core services
• Each core service includes tactics &
actions to achieve SO
Enhancements:
• New Services & initiatives to achieve SO
Linkage & Metrics
• Describes how Initiative achieves SO
• Metrics tied to each Strategic Objectives
36
What we Need to Do How we Get it Done
2.1
Packet Pg. 88
Attachment: Powerpoint presentation (8111 : City Financial Overview and Planning Overview)
Attachment: 2010-2017 Affordable Housing Funding History (8089 : Affordable Housing & Mobile Home