10 April 2020

Lo-Fi Streaming Video Uploads: 2-Hour Mesa City Council Study Session VIRTUAL PLATFORM Thu 04.09.2020

Why "Lo-Fi"? anyone is entitled to ask. . . Simply because what the City Council does in response to public input and public participation deserves to get amplified.
That's too frequently not the case.
Scroll down to see the agenda and get informed ahead of viewing.
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Hear a presentation, discuss, and provide direction on 

  • The impact of COVID-19 on the City’s financial position, 
  • Forecast, and budget modification recommendations, focusing on project deferral recommendations

QUESTION: Listen to the talking points and ask more questions
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09 April 2020

IMPACT OF COVID-19 on City of Mesa's FY2019/2020 :: Trajectory For City Projects Scaled-Down > 

CITY'S FINANCIAL STATUS & FORECAST /Proposed Deferrals

NOW THIS IS INTERESTING
Item 1-a 
File #20-0447 
Hear a presentation, discuss, and provide direction on the impact of COVID-19 on the City’s financial position, forecast, and budget modification recommendations, focusing on project deferral recommendations
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File #:20-0447   
Type:PresentationStatus:Agenda Ready
In control:City Council Study Session
On agenda:4/9/2020
Title:Hear a presentation, discuss, and provide direction on the impact of COVID-19 on the City’s financial position, forecast, and budget modification recommendations, focusing on project deferral recommendations.
Attachments:1. Presentation - Financial Status,
2. Presentation - Project Deferral Recommendations, 3. Listed Project Delay Recommendations
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FINANCIAL UPDATE 
COVID-19 FINANCIAL IMPACT 
APRIL 9, 2020 (15 Slides Power-Point)
City of Mesa 
Candace Cannistraro: Management & Budget Director 
Brian Ritschel: Management & Budget Deputy Director
TIERED RESPONSE STRATEGY
■ Initial Response 
– Identify available reserves, set-aside funds 
– Pause on adding on-going expenditures or obligations 
– Freeze Vacant positions and salary adjustments 
– Pause unobligated capital projects/improvements 
■ Short-Term Response (45-60 days) 
– Departments with Closed Facilities 
   ■ Parks, Recreation, and Community Facilities 
   ■ Libraries 
   ■ Arts and Culture 
– Monthly reviews to assess health and economic conditions to possibly open the facilities earlier 
■ Mid-term Response (60-90 days) 
– Citywide review of all funds and operational expenses 

slide 10:
Citywide Impact on General Governmental Revenues 10 Revenue Impacts (Major Revenues) FY 19/20 FY 20/21 Spring 2019 Forecast $ 289,988,000 $ 292,532,000 April 2020 Forecast $ 283,416,000 $ 287,180,000 Difference $ (6,572,000) $ (5,352,000) Lost PRCF Revenues Due to Closures (Apr-Sep) $ (1,800,000) $ (2,900,000) Total Impact to General Governmental Forecast $ (8,372,000) $ (8,252,000)

SLIDE 13
Impact on Mesa’s Economy: General Governmental Revenues
Revenue Impacts (Major Revenues) FY 19/20 FY 20/21

  • February 2020 Forecast (not presented to Council) $ 300,570,000 $ 310,093,000
  • Spring 2019 Forecast $ 289,988,000 $ 292,532,000
Estimated Gain in Revenues $ 10,582,000 $ 17,561,000
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