Simple because it deserves more of your attention
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^ Here's a little intermezzo to get you in the mood - and perseverance - to watch 62 minutes they try to make boring on purpose
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Last Thursday was the morning study session about an hour in length with some changes discussed at the beginning by City Manager Chris Brady.
Here's the streaming vide uploaded from YouTube - it's about an hour. Before hitting the play button please take the time to read the study session's agenda
The streamed presentation is a a.PDF 17 pages
Financial Forecast General Governmental Funds
Presented by:
Candace Cannistraro, Management and Budget Director
Brian Ritschel, Management and Budget Deputy Director
Next Steps –Anticipated Calendar
10
April 2 Review Proposed FY 18/19 Budget
April 5 Review Enterprise Fund, Utility CIP and UtilityRates Hear from Utility departments April 12 Review Non-Utility Capital Improvement Program (CIP)
Hear from various departments April 16, 19, 26 May 3
Hear from various departments
Budget Wrap-up May 21
Adoption of the CIP and Utility Rates Tentative
Adoption of the FY 18/19 Budget
June 4 Final Adoption of the FY 18/19 Budget
June18 Adoption of the SecondaryProperty Tax Levy
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| Meeting Name: | City Council Study Session | Agenda status: | Final |
| Meeting date/time: | 3/1/2018 7:30 AM | Minutes status: | Draft |
| Meeting location: | Council Chambers - Lower Level | ||
| Published agenda: |  Agenda | Published minutes: | Not available |
| Meeting video: |
| Attachments: |
|
| File #: | 18-0265 |
| Type: | Presentation | Status: | Agenda Ready |
| In control: | City Council Study Session |
| On agenda: | 3/1/2018 |
| Title: | Information pertaining to the current Job Order Contracting projects. |
| Attachments: | 1. Project List, 2. Project Map, 3. Sub Participation Cumulative |
| File #: | 18-0238 |
| Type: | Presentation | Status: | Agenda Ready |
| In control: | City Council Study Session |
| On agenda: | 3/1/2018 |
| Title: | Hear a presentation and discuss the City's financial forecast on the General Governmental Funds. |
| Attachments: | 1. Presentation |
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Revenue Forecasting • The city subscribes to a forecast group out of the University of Arizona which allows for access to raw data regarding econometrics • Statistical software is applied in house to analyze the correlation between economic trends and the city’s revenue sources • Relevant economic indicators are considered such as: population growth, wages, unemployment, building permits, gas prices, etc. • Mesa specific factors are applied such as economic development activities, retail trends, etc. • Includes an economic correction estimate
Included in Expenditure Forecast • Public Safety Retirement contributions (25-year unfunded liability payment plan) • Police contribution rate essentially unchanged (50%) • Fire contribution rate increase to 52% (from 48% in FY17/18) • Investment earnings assumption reduced from 7.5% to 7.4% • Arizona State Retirement • Contribution rate increase to 11.8% (from 11.5% in FY17/18) • Investment earnings assumption reduced from 8.0% to 7.5% (impact to rates phased in over five years) • Medical premiums increasing 4% in CY 2018 and 8% in later years
Expenditure Forecast –Transfer to Other Funds • Arts & Culture • The Arts and Culture Department operates facilities that charge for services provided: admission/tickets to shows. Expenditures are offset by these charges however the revenues do not cover the costs • The General Fund contribution is projected at $9.8M in FY 17/18 and $9.5M in FY 18/19 • Transit –Bus, Light Rail, Dial-a-ride • The city receives transit revenues from the State and a portion of the fares for light rail ridership however the revenues do not cover the costs • The General Fund contribution is projected at $11.0M for FY 17/18 and $13.8M in FY 18/19 • Gilbert Light Rail Extension is included in FY 19/20 forecast. $4.0M annual estimated increase in expenses and $1.8M anticipated increase in revenues.
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