Approving and authorizing the City Manager to enter into a Purchase Agreement and a Development Agreement with Chicanos Por La Causa, Inc. for the development of approximately 2.5 acres of property, of which approximately 1.3 acres is City-owned, on the northwest corner of Country Club and Main Street. The Purchase and Development agreements will facilitate the development of a mixed-use, transit-oriented development. (District 4)
This was Item 5-g on today's early morning Study Session for the Mesa City Council at 07:30 a.m. Attachments for File #19-0003 are included below for you to use to see what the overview is as of December 10, 2018 by the city's Audit, Finance and Enterprise Committee [1]. It's a fast 12-page download. [2] The Presentation takes a short while to download to open a 191-page document.. The Table of Contents alone is four pages long [copied and inserted below] There's a 3-page [Pgs 17-19] INDEPENDENT AUDITORS’ REPORT from Clifton Larson Allen REQUESTS FOR INFORMATION This financial report is designed to provide a general overview of the City of Mesa, Arizona’s finances for all those with an interest in the government’s finances. Questions concerning any of the information provided in this report or requests for additional financial information should be addressed to the City of Mesa Finance Director, P.O. Box 1466, Mesa, Arizona, 85211-1466. LIABILITIES Accounts Payable and Accrued Liabilities 24,358 9,722 34,080 Claims Payable 37,029 - 37,029 Customer and Defendant Deposits 7,190 - 7,190 Liabilities Payable from Restricted Assets 48,431 99,749 148,180 Noncurrent Liabilities, Due Within One Year 41,741 36,352 78,093 Noncurrent Liabilities, Due in More Than One Year 472,231 1,299,888 1,772,119 Net Pension and OPEB Liability 1,399,889 141,767 1,541,656 Total Liabilities 2,030,869 1,587,478 3,618,347 DEFERRED INFLOWS OF RESOURCES Pensions and OPEB 67,124 8,526 75,650 Total Deferred Inflows of Resources 67,124 8,526 75,650 NET POSITION Net Investment in Capital Assets 1,019,888 266,012 1,285,900 Restricted For: Bond Indentures - 29,505 29,505 Construction - 3,716 3,716 Debt Service 25,490 7,219 32,709 Public Safety 5,369 - 5,369 Transportation Programs 54,265 - 54,265 Other Programs 3,181 - 3,181 Unrestricted (858,392) 199,531 (658,861) Total Net Position 249,801$ 505,983$ 755,784 _________________________________________________________________________ KKKK
1. OVERVIEW OF FISCAL YEAR 2018 COMPREHENSIVE ANNUAL FINANCIAL REPORT Audit, Finance and Enterprise Committee December 10, 2018 845 KB [12 pages]
GASB STATEMENT NO. 75 ACCOUNTING AND FINANCIAL REPORTING FOR POSTEMPLOYMENT BENEFITS OTHER THAN PENSIONS (OPEB) • New accounting standard for fiscal year 2018. • Requires governments to record full amount of OPEB liabilities in the financial statements. Previously a portion of OPEB liabilities were recorded, and full amount included in footnote disclosure. • Expanded the OPEB footnote disclosures and added several Required Supplementary schedules. • OPEB liability on the City’s Net Position increased by $200.6 million as a result of implementing GASB 75 TOTAL ASSETS AT JUNE 30, 2018 $4.2 BILLION TOTAL LIABILITIES AT JUNE 30, 2018 $3.6 BILLION CITYWIDE LONG-TERM DEBT Issue Type Principal Outstanding General Obligation Bonds $ 366 M Highway User Revenue Bonds 77 Revenue Bonds 1,227 Excise Tax Obligations 49 Special Assessment Bonds 1 Notes Payable 2 Total $1,722 M [Note: Eastmark CFD bonds not included above $28.8 Million]
Questions ? Irma Ashworth Finance Director Irma.Ashworth@mesaaz.gov (480) 644-2605 _______________________________________________________________________ TABLE OF CONTENTS I Exhibit Page SECTION I – INTRODUCTORY SECTION Table of Contents I Letter of Transmittal V Certificate of Achievement for Excellence in Financial Reporting X SECTION II - FINANCIAL SECTION Independent Auditors’ Report 1 Management’s Discussion and Analysis 4 Basic Financial Statements Government-wide Financial Statements Statement of Net Position A-1 16 Statement of Activities A-2 17 Fund Financial Statements Governmental Funds Financial Statements Balance Sheet A-3 19 Reconciliation of the Balance Sheet of Governmental Funds to the Statement of Net Position A-4 20 Statement of Revenues, Expenditures and Changes in Fund Balances A-5 21 Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balances of Governmental Funds to the Statement of Activities A-6 22 Proprietary Funds Financial Statements Statement of Net Position A-7 23 Statement of Revenues, Expenses and Changes in Net Position A-8 25 Statement of Cash Flows A-9 27 Fiduciary Funds Financial Statements Statement of Fiduciary Assets and Liabilities A-10 29 TABLE OF CONTENTS (Continued) II Exhibit Page Notes to the Financial Statements Note 1 – Summary of Significant Accounting Policies 30 Note 2 – Reconciliation of Governmental Fund Financial Statements to Government-wide Financial Statements 40 Note 3 – Fund Balance 47 Note 4 – Pooled Cash and Investments 48 Note 5 – Accounts Receivable and Due from Other Governments 53 Note 6 – Interfund Receivables, Payables and Transfers 54 Note 7 – Capital Assets 56 Note 8 – Long-term Obligations 59 Note 9 – Refunded, Refinanced and Defeased Obligations 71 Note 10 – Self-Insurance Internal Service Fund 72 Note 11 – Commitments and Contingent Liabilities 73 Note 12 – Net Position 73 Note 13 – Enterprise Activities Operations Detail 74 Note 14 – Joint Ventures 74 Note 15 – Retirement and Pension Plans 77 Note 16 – Post-Employment Benefits 93 Note 17 – Subsequent Events 93 Required Supplementary Information Schedule of the City’s Proportionate Share of Net Pension Liability Cost-Sharing Pension Plan B-1 94 Schedule of Changes in the City’s Net Pension/OPEB Liability and Related Ratios Agent Plans B-2 95 Schedule of City Pension Contributions B-3 98 Notes to Pension Plan Schedules 100 Schedule of Changes in the City’s Total OPEB Liability B-4 101 Budgetary Comparison Schedule – General Fund B-5 102 Notes to Budgetary Comparison Schedules 103 TABLE OF CONTENTS (Continued) III Exhibit Page Combining Statements Non-Major Governmental Funds Combining Balance Sheet C-1 104 Combining Statement of Revenues, Expenditures and Changes in Fund Balances C-2 108 Internal Service Funds Combining Statement of Net Position C-3 112 Combining Statement of Revenues, Expenses and Changes in Net Position C-4 113 Combining Statement of Cash Flows C-5 114 Agency Fund Statement of Changes in Assets and Liabilities C-6 115 Supplemental Information Budgetary Comparison Schedules – Other Non-major Funds Budgetary Comparison Schedule – Community Facilities District D-1 116 Budgetary Comparison Schedule – Environmental Compliance D-2 117 Budgetary Comparison Schedule – Grants and Special Programs D-3 118 Budgetary Comparison Schedule – Highway User Revenue D-4 119 Budgetary Comparison Schedule – Mesa Housing Authority D-5 120 Budgetary Comparison Schedule – Quality of Life Sales Tax D-6 121 Budgetary Comparison Schedule – Street Sales Tax D-7 122 Budgetary Comparison Schedule – General Capital Projects D-8 123 Budgetary Comparison Schedule – Streets D-9 124 TABLE OF CONTENTS (Concluded) IV Exhibit Page SECTION III – STATISTICAL SECTION Financial Trends Net Position by Components – Last Ten Fiscal Years (Accrual Basis of Accounting) I 125 Changes in Net Position – Last Ten Fiscal Years (Accrual Basis of Accounting) II 127 Fund Balance, Governmental Funds – Last Ten Fiscal Years (Modified Accrual Basis of Accounting) III 133 Changes in Fund Balance, Governmental Funds – Last Ten Fiscal Years (Modified Accrual Basis of Accounting) IV 135 Revenue Capacity Sales Tax Collections by Category – Last Ten Fiscal Years V 137 Direct and Overlapping Sales Tax Rates – Last Ten Fiscal Years VI 139 Debt Capacity Ratios of Outstanding Debt by Type – Last Ten Fiscal Years VII 140 Ratios of General Bonded Debt Outstanding – Last Ten Fiscal Years VIII 142 Direct and Overlapping Governmental Activities Debt IX 143 Legal Debt Margin Information – Last Ten Fiscal Years X 144 Pledged-Revenue Coverage – Last Ten Fiscal Years XI 146 Demographic and Economic Information Demographic and Economic Statistics – Last Ten Fiscal Years XII 148 Principal Employers – Current Year and Ten Years Ago XIII 149 Operating Information Full-Time Equivalent City Government Employees by Function/Program – Last Ten Fiscal Years XIV 150 Operating Indicators by Function/Program – Last Ten Fiscal Years XV 152 Capital Asset Statistics by Function/Program – Last Ten Fiscal Years XVI 1 NOTE The largest portion of net position, $1.3 billion, reflects the City’s investment in capital assets (land, buildings, equipment, infrastructure, etc.) less any outstanding related debt used to acquire those assets. The City uses these capital assets to provide services to citizens; consequently, these assets are not available for future spending. The restricted portion of the City's net position, $128.7 million, represents resources that are subject to external restrictions on how they may be used. Such restrictions include debt service payments, transportation programs, other capital projects and required reserves. The unrestricted net position of ($658.9) million is primarily due to the impact of the long-term liability associated with pensions and OPEB ($1.5 billion).
At the end of the current fiscal year, the City had total outstanding debt was $1.75 billion, which is an increase of $12.4 million. Of this amount, $414.8 million comprises debt backed by the full faith and credit of the City and $1.3 billion represents bonds secured by specified revenue sources (i.e., Utility System Revenue and Highway User Revenue). The City’s outstanding long-term debt (considering new borrowings, debt retirements, and defeasance) increased $12.4 million. The change in debt includes new borrowings during the fiscal year totaling $138.9 million, defeasance of $15.2 million, and principal payments of $111.2 million. Additional information on the City’s long-term obligations can be found in Note 8 of the notes to the basic financial statements and Table X in the Statistical Section.
It does when you really add-up the probably under-counted increasing numbers of those who are unsheltered here in Mesa and in Maricopa County. Duringthe last four years 2014-2018 homelessness has increased 149%. Use the SEARCHBOX on this blog to find out more how we're always "learning" and "planning" and taking vows to end homelessness, with some good results so far in a few instances but homelessness is getting worse. It's short on accomplishments. Point-In-Time Homeless Count
The Point-In-Time Homeless Street and Shelter Count is an effort to learn more about the individuals and families experiencing homelessness in Maricopa County and the entire country. In order to accomplish local and federal goals toward ending homelessness, we first need to know who is experiencing homelessness, where they are, and better understand the factors surrounding their homelessness. Volunteers are needed to survey individuals experiencing homelessness in Mesa, so they can be provided with programs and services that will best fit their needs. No prior experience with the Homeless Count is needed! Volunteer training sessions will be offered prior to the Count.
On the day of the count, an orientation will be hosted at 5:15 a.m. Then, volunteers will be sent out to their project location by 5:30 a.m. to begin the Homeless Count. Volunteers will be divided into groups of 3 to 4 people for each project location. Volunteers will be interviewing and surveying individuals in their project location that are experiencing homelessness. Volunteers must be able to provide their own transportation to assigned area. Participants will be able to sign up individually or as a group. > For registration, please visit: https://www.signupgenius.com/go/20f0449afa829a0fc1-pointintime2 _________________________________________________________________________ We are accepting donations of hygiene/care packages to be given out during the Point-In-Time Count. We are aiming for gallon-sized bags to hand out, and we are open to what is donated! To donate, please contact Emily Greco (contact information below). Donations are needed by Tuesday, January 15, 2019. Some suggestions to include in the care packages:
Socks
Chapstick
Combs
Kleenex
Band-Aids
Hand warmers
Waterless shampoo
For any questions regarding the Point-In-Time Homeless Count: Emily Greco Point-In-Time Coordinator 480-644-5601
Time to do some homework in-advance for the thousands of members of the public who have a bad habit of not getting involved or engaged as citizens in our elected government. It starts early at 07:30 am. To put it bluntly, your elected city government is not effective unless you first of all choose to turn to a new direction for the majority of apathetic/don't-care residents who live here in Mesa to get involved in your government - nobody promised it's easy. Honestly it's time-consuming to get informed. That's the first step. Step lively! If you don't know where to start, FIND OUT. If you don't know what district you live in, or who represents you on the Mesa City Council, FIND OUT and contact them before these public meetings start. You can access meeting information and attachments right here > http://mesa.legistar.com/MeetingDetail Two items might be of interest tomorrow (there are three for this study session): Item 2-a:Proposed projects recommended from the Supplemental Funding Process for unallocated Community Development Block Grant funds. Item 2-b: Auction of City-owned property on the northwest corner of Thomas and Recker Roads. ___________________________________________________________________________ PLEASE NOTE: We also the Tentative Agenda for the Regular Mesa City Council Meeting on Monday 07 December 2018 - it's A WHOPPER >>> million$$$$$$ in 16 new Contract Awards + 2 New Resolutions for the creation of water irrigation districts + one new Resolution to advance funding of $20.3M to Valley Metro for the Gilbert Road Extension + Resolutions 5d-5f + Resolution 5-gAccepting the City's Comprehensive Annual Financial Report for the Fiscal Year ending June 30, 2018 + 6 Ordinances for Zoning Cases + 12 more Ordinances Details > click here ___________________________________________________________________________ Item 2-a:
Hear a presentation, discuss, and provide direction on proposed projects recommended from the Supplemental Funding Process for unallocated Community Development Block Grant funds.
Sources and Credits: - Videos from the AMD official Youtube channel were used for illustrative purpose, all copyrights belong to the respective owners, used here under Fair Use. - Videos from the Intel official Youtube channel were used for illustrative purpose, all copyrights belong to the respective owners, used here under Fair Use. - Videos from the NVidia official Youtube channel were used for illustrative purpose, all copyrights belong to the respective owners, used here under Fair Use. - Videos from the Qualcomm official Youtube channel were used for illustrative purpose, all copyrights belong to the respective owners, used here under Fair Use. - Videos from the Apple official Youtube channel were used for illustrative purpose, all copyrights belong to the respective owners, used here under Fair Use. - Videos from the ARM Holdings official Youtube channel were used for illustrative purpose, all copyrights belong to the respective owners, used here under Fair Use. - The PC shown in the video Thumbnail is a transformative work based on fotos from MetallicAcid on sweclockers: https://www.sweclockers.com/galleri/1... - A few seconds of footage from the Computerphile Youtube channel are used under fair use.
CAST Visiting Artist Agnieszka Kurant joins Stefan Helmreich, professor of Anthropology; Caroline Jones, professor of History, Theory and Criticism of Architecture and Art; and Adam Haar Horowitz, master’s student and research assistant in the Fluid Interfaces Group, to discuss the idea of collective intelligence in relation to emerging technology, artistic inquiry, and social and cultural movements. Kurant reflects on outsourcing her artworks to human and non-human collective intelligence and the system of profit-sharing she has created, artworks as complex systems or collective tamagotchis emulating life, and the observable evolution of individual authorship, culture, nature, labor and society. Haar Horowitz touches on the collective in relationship to experience research in the neurosciences and experience production in the arts. Helmreich discusses metaphors of collective human action derived from physics, computer science, animal worlds, and fluid dynamics, and reflects on the politics of these framings. Jones addresses the curious invocation of “intelligence” in discussions of aggregated agency, with specific reference to the so-named “mobile brain” or “immune brain” of the distributed system (mostly outside the cranium) that learns, remembers, and teaches, negotiating between tolerance and threat in relation to xeno-bacteria. The panel is moderated by Nick Montfort, professor of Comparative Media Studies/Writing.
More information: arts.mit.edu/collective-intelligence
Collective Intelligence Thursday, September 27, 2018 / 5:00pm Massachusetts Institute of Technology MIT Building 56, Room 114 Cambridge, MA 02139 USA CC
