State of the City 2014

State of the City 2014
Presented to the
Cerritos Chamber of Commerce by
Cerritos Mayor Mark E. Pulido
City Manager Art Gallucci
May 29, 2014
The Picerne Group is constructing Aria:
198 upscale apartments built to condominium
standards at Bloomfield and Artesia
The renovation of Cerritos Plaza is underway and is
expected to be completed in spring 2015
The Los Cerritos Center installed a solar energy
system with 3,354 solar panels on the mall’s roof
that will produce 1,300 Megawatts of power,
enough energy to power 120 homes for one year
A new Cerritos Auto Square sign featuring the
latest technology was installed in March
Businesses have opened at the remodeled
Fountain Plaza, including the 85°C Bakery Cafe
The Cerritos Library Teen Studio has served 17,255 teens
since opening in September 2013
1,980,542 people are served by the City’s
parks/programs every year. Cerritos has 25 parks
and recreation facilities, plus classes, special
events and excursions.
Playgrounds at Joe A. Gonsalves Park and the Cerritos Sports
Complex were recently resurfaced with
ADA-compliant material. A project to improve Heritage Park
will be completed in June.
The City sponsored a benefit concert for the Philippines
that raised $51,000 for relief efforts by the American Red
Cross for victims of Typhoon Haiyan
The COW service was enhanced with
the launch of a new app that allows
real-time tracking of the buses
“Infinity 2” by sculptor Cliff Garten will be installed in the
Cerritos Sculpture Garden. The cost was paid for by
the development community.
Support to Community Groups
Proposed for 2014-2015 ($9,000 to $54,000)
Cerritos Regional Chamber of Commerce
Cerritos Regional Chamber of Commerce
Business Guide
Community Family Guidance
Pathways Volunteer Hospice
Su Casa Crisis Shelter/Hotline
Su Casa Transitional Housing/Outreach
$54,000
$13,500
$22,500
$13,500
$9,000
$9,000
Support to Community Groups
Proposed for 2014-2015 (less than $9,000)
Helpline Youth Counseling
Los Cerritos YMCA
Artesia/Cerritos Community Basket
Community Services Series
ARC of Southeast L.A.
American Red Cross
Southern Calif. Rehab. Services
Domestic Violence Prevention
Distinguished Young Women Program
Red Ribbon Campaign
1st Combat Engineer Battalion
Soroptimist
Cerritos Legal Referral
TOTAL
$ 7,200
$ 5,400
$ 5,400
$ 3,600
$ 3,600
$ 2,250
$ 2,250
$ 1,710
$ 1,130
$ 960
$ 900
$ 450
$ 180
$156,530
Honors & Developments at Cerritos Schools
Whitney
Cerritos
High
High
School
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students
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Outreach to the Community
Walking door-to-door to request feedback from the
community and to learn about residents’ concerns
Encouraging Your Involvement
• We encourage you to be an ambassador for
the City of Cerritos
• Your comments, questions and suggestions are
always welcome. For your reference my
contact information follows:
– Personal phone - (562) 404-2343
– City Hall (562) 916-1311
City of Cerritos funds and the
State of California
City of Cerritos Funds Taken by the
State of California
Non-parking fines, cigarette taxes, alcohol
taxes, highway carrier fees, inventory
exemption reimbursements 1984-1997:
ERAF shifts 1992-1995:
Supplemental ERAF* shift 2009-2010:
Supplemental ERAF shift 2010-2011:
Low/Mod Housing Fund 2012-2013:
GRAND TOTAL TO DATE:
$633,552
$4,528,451
$11,812,007
$2,326,350
$10,092,815
$29,393,175
*ERAF: Educational Revenue Augmentation Funds
Redevelopment Dissolution Litigation
• The State of California dissolved
redevelopment agencies effective
February 1, 2012
• A total of 173 lawsuits have been filed
against the State of California related to
the dissolution of redevelopment.
• The City of Cerritos is a plaintiff in three
of the lawsuits and is a real party to two
additional lawsuits.
Cerritos’ Business
Environment
Retail Sales Recovering from the
Recession
• Overall retail sales in Cerritos are
estimated to remain steady at
$2.735 billion in Fiscal Year 2013-2014
• Cerritos Auto Square sales are estimated
to improve as follows:
5% increase in Fiscal Year 2013-2014
4% increase in Fiscal Year 2014-2015
Kaiser Permanente recently opened the full-service
Cerritos Medical Offices in a 50,000-square-foot building
Automotive Sales Trends
• New car registrations in California increased
by 11.9% in 2013 compared to 2012. (The
total was 65% greater than the recessionary
low point in 2009.)
• California car sales are expected to increase
by 5.2% in 2014.
• Nationwide, 15.6 million cars were sold in the
United States in 2013; the best sales year
since 2007.
• From January 1 through May 27, 2014, the
Cerritos Auto Square sold 22,098 vehicles.
Sources: California New Car Dealers Association/California Auto Outlook, Los Angeles Times
Cerritos Auto Square
Penske Chevrolet of Cerritos dealership was
remodeled and expanded
Cerritos Dodge Chrysler Jeep dealership exterior
and interior was remodeled
Remodeling and expansion of the Lexus of
Cerritos dealership is underway
Cerritos Auto Square
New & Used Units Sold, Leases
60,000
54,191
52,925 54,164
52,857 52,290
53,288
51,825
55,000
50,000
45,000
40,000
35,000
30,000
47,341
45,026
43,920
42,556
42,879
52,190
49,563
48,241
45,240
39,390
37,227
33,752
31,747
27,208
25,000
20,000
15,000
10,000
5,000
0
93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13
Cerritos Auto Square Total Sales
$1,200,000,000
$1,000,000,000
$800,000,000
$600,000,000
$400,000,000
$200,000,000
$0
94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14
proj.
Auto Square Employment
• 2,100 people are employed at the
Cerritos Auto Square
Los Cerritos Center
1.3 million square feet
$673 in sales per square foot in 2013
Los Cerritos Center Total Sales
In Millions
$370 $371 $380
$400
$350
$300
$260
$300 $293 $300
$270 $280
$363 $365 $360
$358
$347
$337
$330
$340
$326
$313
$353
$275
$286
$250
$200
$150
$100
$50
$0
92- 93- 94- 95- 96- 97- 98- 99- 00- 01- 02- 03- 04- 05- 06- 07- 08- 09- 10- 11- 12- 1393 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14
est.
Los Cerritos Center Count of
Shoppers Entering the Mall in 2013
Busiest Day: Black Friday on Nov. 29……..68,000+
Second Busiest Day: Dec. 22………………67,421
Los Cerritos Center Employment
• 3,965 people are employed at the Los
Cerritos Center
–
–
–
–
507 management employees
786 full-time employees
1,789 part-time employees
883 seasonal employees
Cerritos’ Fund Balances
City of Cerritos and
Cerritos Successor Agency
Summary of All Funds 2005-2013
(includes fixed assets)
$300,000,000
$250,000,000
$200,000,000
*
$150,000,000
$100,000,000
$50,000,000
$0
05-06
06-07
07-08
08-09
09-10
10-11 11-12
12-13
City Funds only = $164,374,201
*
Successor Agency Funds = $31,946,050
13-14
14-15
est.
City of Cerritos Budget
Cerritos Assessed Valuation
$7,800,534,301
Population
$8,000,000,000
$7,000,000,000
$6,000,000,000
$5,000,000,000
$4,000,000,000
$3,000,000,000
53,000
$2,000,000,000
51,000
$1,000,000,000
49,000
$0
89- 90- 91- 92- 93- 94- 95- 96- 97- 98- 99- 00- 01- 02- 03- 04- 05- 06- 07- 08- 09- 10- 11- 1290 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13
City
Los Cerritos
Los Coyotes
Population information source: US Census
Single-Family Houses Median Resale Prices
April 2014
$700,000
$600,000
$500,000
$400,000
$300,000
$200,000
$100,000
$0
Sources: “Los Angeles Times” and “Orange County Register” (DataQuick)
$100,000,000
Revenue v. Budgeted Expenditures
(City Operating Funds)
$90,000,000
$80,000,000
$70,000,000
$60,000,000
$50,000,000
$40,000,000
$30,000,000
$20,000,000
$10,000,000
$0
90- 91- 92- 93- 94- 95- 96- 97- 98- 99- 00- 01- 02- 03- 04- 05- 06- 07- 08- 09- 10- 11- 12- 13- 1491 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15
est. proj.
Expenditure
Revenue
The difference between projected operating revenues and
operating expenditures is ($503,960).
FY 2014-2015 operating projection does not reflect capital improvement revenue,
but includes offsets due to anticipated uses of funds.
Revenue v. Budgeted Expenditures
All City Funds
$120,000,000
$100,000,000
$80,000,000
$60,000,000
$40,000,000
$20,000,000
$0
05-06
06-07
07-08
08-09
09-10
Expenditure
10-11
11-12
12-13
13-14 est.
14-15 proj.
Revenue
The difference between projected resources and expenditures is ($3,626,990).
Projections for FY 2014-2015 include capital improvement expenditures and
revenue, and other offsets due to anticipated uses of funds.
Budget Balancing Actions
• Annual operating budget has been
reduced by approximately $6,983,440
from 2008-2009 to 2013-2014
mid-year total
• Savings achieved from not filling more
than 47 City positions totals
approximately $5.2 million per year
• Additional savings have been achieved
through operating expenditure
reductions
City Sales Tax Revenue
Population
$30,000,000
$25,000,000
$20,000,000
53,000
$15,000,000
51,000
$10,000,000
49,000
$5,000,000
$0
88- 89- 90- 91- 92- 93- 94- 95- 96- 97- 98- 99- 00- 01- 02- 03- 04- 05- 06- 07- 08- 09- 10- 11- 12- 13- 1489 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15
proj.
$2.7 billion in retail sales projected for 14-15
Population information source: US Census
Retail Sales in Cerritos
2013-2014 projection = $2,735,071,000
Average sales per day =
$7,493,345
Rent Revenue for City of Cerritos and
Cerritos Redevelopment Agency
2013-2014 est.
Cerritos Towne Center
Jaguar/Land Rover
KIA
Auto Storage
Lincoln Station
TOTAL
$4,713,560
$266,000
$490,000
$390,940
$362,830
$6,223,330
Cerritos and the State
2012-2013
Projected “No-/Low-” Property Tax
(revenue from State)
$2,800,000
Vehicle License Fee Revenue
(paid by residents to State) $4,529,000
Total State-related revenue
$7,329,000
City Operating Budget
(proposed)
$83,114,770
Amount of City Operating
Budget funded by the City
$75,785,770
City Projects
68 sworn Sheriff’s deputies, 20 Sheriff’s support staff
and 48 Community Safety employees serve the City of
Cerritos; annual safety budget is $16,141,100.
First Trimester
Cerritos Station - Part 1 Crimes
15 Year Comparison
900
800
700
600
838
768
761
713
752
760
689
643
686
673
648
577
545
663
540
500
400
300
200
100
0
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
First Trimester - Cerritos Station
Residential Burglary
15 Year Comparison
99
100
80
70
60
50
89
85
90
77
68
61
63
57
58
55
45
56
49
43
44
40
30
20
10
0
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
First Trimester - Cerritos Station
Vehicle Burglary
15 Year Comparison
190
180
170
160
150
140
130
120
110
100
90
80
70
60
50
40
30
20
10
0
185
185
176
161
151
141
149
149
149
130
113
128
113
88
81
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
First Trimester - Cerritos Station
Grand Theft Automobile
15 Year Comparison
180
180
160
165
147
140
120
117
119
113
101
100
80
88
76
81
79
66
59
60
40
37
41
20
0
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
Cerritos Senior Center at Pat Nixon Park
20th Anniversary Year
Since 1993, the Senior Center has:
• Served more than 446,000 nutritional lunches
• Offered fitness and wellness programs to nearly
1 million people
• Handled 2,700 private facility reservations
• Processed more than 38,575 information and referral calls
Cerritos Center for the Performing Arts
2013-2014 Season sales total $3,459,241
with 55,379 seats sold.
New businesses opened in the Cerritos Industrial
Park (January 2014 through mid-April 2014)
List of Businesses
Locations
City of Cerritos
Total Jobs 2007-2013
30,000
28,688
28,324
27,727
26,913
26,659
26,864
27,076
25,000
20,000
2007
2008
2009
2010
2011
2012
2013
Unemployment rate in Cerritos is 4.1%
Sources: Bureau of Labor Statistics and the Economic Development Department
Cerritos Industrial Park
• Cerritos Industrial Park
has 5,227,200 square
feet of space
• Cerritos Industrial Park
vacancy rate is 2%
• L.A. County industrial
real estate vacancy rate
is 4.5%
• Orange County
industrial vacancy rate
is 4.8%
Sources: DAUM Commercial Real Estate Services and CoStar Group
Opportunities for the
Year to Come
An In-N-Out Burger will be constructed in the
College Square shopping center at
Alondra and Studebaker
The Richman Group Development Corp. has
proposed a 131-unit apartment complex built to
condominium standards on Artesia Boulevard
Site plan for apartments complexes to be built to
condominium standards at
Bloomfield Avenue and Artesia Boulevard
Construction of a Jared The Galleria of Jewelry at
the Los Cerritos Center was approved
UNIQLO, featuring casual, stylish clothing,
will open a store with more than 10,000 square
feet at the Los Cerritos Center
Zara, a popular clothing and accessories retailer,
will open a 22,000-square-foot store at the
Los Cerritos Center
A new, 78,750-square-foot, state-of-the-art movie
theater will open at the Los Cerritos Center
A new, 80,000-square feet, two-level flagship
sporting goods store will open at the
Los Cerritos Center
A popular new restaurant will open at the
Los Cerritos Center
Jay Leno opens
Cerritos Center for the Performing Arts
2014-2015 Season on September 27 & 28
Thank you from the Cerritos
Mayor, City Council and staff for
being here today for the State of
the City presentation.