San Diego Unified Port District - File #: 2019-0108

• File #: 2019-0108
• Version: 1
• Type: Action Item
• Status: Workshop
• File created: 3/5/2019
• In control: Board of Port Commissioners
• On agenda: 4/23/2019
• Title: A) ACCEPT THE FISCAL YEAR (FY) 2020 PRELIMINARY BUDGET INFORMATION AND PROVIDE DIRECTION TO STAFF, WHICH INCLUDES THE USE OF CUMULATIVE UNRESTRICTED RESOURCES OF $4.2M B) RESOLUTION TO MAINTAIN THE FY 2019-2023 CAPITAL IMPROVEMENT PROGRAM (CIP) BUDGET AND TO NOT SOLICIT PROJECT APPLICATIONS OR HOLD A CIP WORKSHOP IN FY 2020 PURSUANT TO BOARD POLICY NO. 120 C) RESOLUTION, PER BOARD POLICY NO. 90, TO REALLOCATE THE REMAINING BALANCE OF $2,485,000 FROM THE NAVY PIER HEADHOUSE DEMOLITION PROJECT WITHIN CIP BY TRANSFERRING $900K FROM THIS AMOUNT TOWARDS CAPITAL LABOR AND TRANSFERRING THE REMAINING $1,585,000 INTO CIP CONTINGENCY FOR FUTURE NEEDS

Date	Ver.	Action By	Action	Result
4/23/2019	1	Board of Port Commissioners	adopted	Pass

DATE: April 23, 2019

SUBJECT: FY 2020 BUDGET WORKSHOP

Title
A) ACCEPT THE FISCAL YEAR (FY) 2020 PRELIMINARY BUDGET INFORMATION AND PROVIDE DIRECTION TO STAFF, WHICH INCLUDES THE USE OF CUMULATIVE UNRESTRICTED RESOURCES OF $4.2M
B) RESOLUTION TO MAINTAIN THE FY 2019-2023 CAPITAL IMPROVEMENT PROGRAM (CIP) BUDGET AND TO NOT SOLICIT PROJECT APPLICATIONS OR HOLD A CIP WORKSHOP IN FY 2020 PURSUANT TO BOARD POLICY NO. 120
C) RESOLUTION, PER BOARD POLICY NO. 90, TO REALLOCATE THE REMAINING BALANCE OF $2,485,000 FROM THE NAVY PIER HEADHOUSE DEMOLITION PROJECT WITHIN CIP BY TRANSFERRING $900K FROM THIS AMOUNT TOWARDS CAPITAL LABOR AND TRANSFERRING THE REMAINING $1,585,000 INTO CIP CONTINGENCY FOR FUTURE NEEDS
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EXECUTIVE SUMMARY:

In accordance with the San Diego Unified Port District Act (Port Act) Sections 46 and 47, by June 15, the District must adopt and publish the FY 2020 preliminary budget and set a date for the Board's adoption of the final budget not less than one month from publication. Staff intends to present the FY 2020 preliminary budget to the Board for adoption on May 14, 2019 and present the final budget to the Board for adoption on June 18, 2019. Before the presentation of the preliminary budget to the Board on May 14, staff is conducting a workshop to present a draft preliminary budget and receive direction from the Board, answer any questions the Board may have, and receive public comment.

The FY 2020 preliminary budget was developed in alignment with the strategic goals of the organization consisting of the four main strategies of Culture, Operations, Business, and Brand (COBB) supporting several goals, and strategic projects aligned to those goals.

Based on previous Board direction, staff developed the FY 2020 preliminary budget. Departments also developed operating plans that reflect core services and resources needed for the execution of the strategic projects. Resources required to support these goals and strategic projects are include...