HomeMy WebLinkAbout03.08.21 Re_ Amendments to Item 4.05
From:Snyder, Ashley
To:Alpert, Bruce;Bennett, Robin;Clerk of the Board;Connelly, Bill;Cook, Holly;Cook, Robin;Kimmelshue, Tod;
Lucero, Debra;Paulsen, Shaina;Pickett, Andy;Ring, Brian;Ritter, Tami;Rodas, Amalia;Sweeney, Kathleen;
Teeter, Doug
Cc:Ring, Brian
Subject:Re: Amendments to Item 4.05
Date:Monday, March 8, 2021 4:12:38 PM
Attachments:Item 4.05 - Staff Report.pdf
Item 4.05 - PowerPoint.pdf
Good afternoon,
Please see the attached amended staff report for Item 4.05 – PG&E Settlement Fund Policy and
Recommendations. This staff report was amended to include the draft policy.
If you have already downloaded the Agenda Packet iLegislate, you will need to re-download the
Agenda Packet in order for this item to update,
Take care,
Ashley N. Snyder
Assistant Clerk of the Board
Butte County Administration
25 County Center Drive, Suite 200, Oroville, CA 95965
T: 530.552.3307 | F: 530.538.7120
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March 9, 2021
Presentation to the
Board of Supervisors
Policy & Priority Uses
PG&E Settlement Fund
Background PG&E Settlement InformationOverview of Previous Board DiscussionsDraft PG&E Settlement Fund PolicyCounty Stability ConsiderationsDirect Impact Services ConsiderationsOther
Community Needs
••••••
Board Discussion, Feedback & Direction
•
Agenda
,
tability
recovery
&
$204 million for impacts to County functions in PG&E Settlement FundBoard of Supervisors discretion on useFunds committed to County s hazard mitigation Funds held in the County Treasury
••••
PG&E Settlement Fund
tability, hazard mitigation & recovery
s
Creation of PG&E Settlement FundDiscussion on potential uses aligned with County Draft policy discussion and discussion on potential County stability related uses
•••
July 21, 2020August 25, 2020December 8, 2020
Previous Board Discussions
•••
Stability, hazard mitigation and recoveryPrioritizes Camp Fire impacts, urgent projects, and those that leverage outside funds.
••
Key priorities & principlesCreates a process for submitting initiatives & projects for consideration.Requires periodic reporting on the PG&E Settlement Fund.
PG&E Settlement Policy
•••
)
Payments
)
General Fund Reserves ($8M)Camp Fire Audit Reserve ($5M)Debt Payoff ($903KCash Flow Annual Pension Property tax backfill ($22M over 10 yearsUnfunded Liabilities ($20M)
County Stability Recommendations
••••••
22
-
million
year backfill ends FY
-
22
-
Year 1 $1.5 millionYear 2 $4.3 millionYear 3 $4.2
•••
Property Tax Backfill State 32021Approximately $4 million shortfall est. in FY 2021Recommend a 10 year backfill of up to $22 million.
•••
Hypothetic Backfill Scenario
–
Unfunded Liabilities Safety Pension Projections
–
Unfunded Liabilities Safety Pension Proposal
7 million
–
Direct ServicesRebuilding Support
––
Direct Impact Considerations
–
3 to 5 Year ProgramCost Range: $4 3 to 6 Year ProgramCost Range: $2.7 million
••••
Recovery Recovery
••
Camp Fire
4M)
-
year program focusing on
-
Direct Impact Services
–
Direct Services
–
Continued support services to Camp Fire survivors at facility in Paradise ($386K)Partnerships with California Department of Public Health for 5services related to Camp Fire trauma ($600K)Youth
inpatient psychiatric facility ($1
Recovery •••
Camp Fire
area
Services continued
area ($500K)
Direct Impact Services
–
Direct
–
Enforcement Officers focused on complaints
Code in Camp Fire Mental Health and Substance Abuse Counselors providing direct assistance in Camp Fire ($621K)Additional Counselor support to develop a Sheriff Mobile Crisis Team to
provide direct support in the Camp Fire Area ($730K)Additional Analyst in Development Services to provide recovery and code enforcement support which has increased due to the Camp
Fire ($250K)
••••
Recovery
Camp Fire
Direct Impact Services
Rebuilding Support
–
–
Rebuild Advocate ($230K)Environmental Health positions ($536K)Permit Technician ($200K)Contract support in Land Division of Public works ($140K)
••••
Recovery
Camp Fire
family
-
$100M in
-
Direct Impact Services
–
Rebuilding Support continued
-
Analyst to manage between $80 recovery/community development grants ($850K)Retain assistance in managing all the requirements associated with the $61M the County received to assist
with multihousing ($400K)Funding for a partially funded grant writer($138K)Use of settlement funds for cash flow transfers on major projects
••••
Recovery
Camp Fire
-
$100K
-
Biomass Feasibility study Flood Project Management study $130K
••
Hazard Mitigation
Road ProjectsCommunity Development ProjectsPrepay UAL Pension Payments
•••
Cash Flow
for
approval or
–
$5m Camp Fire Audit Reserve
Up to $22m for Property Tax Backfill$8m General Fund Reserve$0.9m Bangor Fire Station Debt Payoff$20m safety pension trust & cash flow prepayment
PG&E Settlement Fund Policy direction on changesCounty Stability Initiatives ConsiderationCounty Direct Support, Recovery and Hazard Mitigation Consideration
i.ii.iii.iv.v.
1.2.3.
Recommendations & Next Steps