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5.
FINANCE COMMITTEE
Meeting Date:
10/13/2016
Subject:
Increasing Capital Renewal Rate for Facility Maintenance and Replacement for Fiscal Year 17/18
Submitted For:
Julia R. Bueren
Department:
Public Works
Referral No.:
N/A
Referral Name:
Facility Maintenance and Replacement
Presenter:
Brian Balbas, Chief Deputy Director
Contact:
Brian Balbas (925) 313-2284
Information
Referral History:
On January 22, 2013, the Board of Supervisors approved recommendations to institute a fee to capture funds for capital renewal and maintenance projects. The 1% fee has been in place since the 2013/14 fiscal year.
Referral Update:
Request to increase the fee from 1% to 3%.
Recommendation(s)/Next Step(s):
Accept attached recommendation to increase the occupancy cost factor from the current 1% to 3%.
Fiscal Impact (if any):
If approved, the increase will result in an increase of funds from the current $750,000 per year to $2,550,000 per year.
Attachments
Capital Renewal Rate Increase Memo
Proposed Increase by Department
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