75A-1 - PH - 18-19 BUDGET - Laserfiche WebLink

Home Browse Search

Public Hearing — Fiscal Year 2018-19 City Budget June 19, 2018 Page 2 4. Adopt a resolution to amend and reestablish the City's basic classification and compensation plans (EXHIBIT 3). DISCUSSION On May 1, 2018, the City Council was provided both a Fiscal Year 2017-18 Third Quarter Update and Fiscal Year 2018-19 General Fund Trial Budget presentation. Included within the presentations were a set of governing principles, developed in collaboration with the Executive Management Team, as the basis for the development of the Proposed Fiscal Year 2018-19 budget. These governing principles include: • Be transparent and honest about the problem • Use a comprehensive approach for all funds • Establish a vision, develop a budget that promotes long-term sustainably, implement best practices and utilize a combination of cost reductions and revenue increases • Use a multi-year approach to achieve financial stability • Identify core services and focus on funding core services • Provide clear vision and direction from leadership • Engage in a collaborative approach Utilizing these principles, a historical overview of current revenue and expenditure trends was presented, along with a timeline of major budget changes and a summary of increases to the general fund base budget. As a result, Staff presented a Structural Deficit (Deficit) of $17.1 million for the General Fund for Fiscal Year 2018-19. To address the $17.1 million deficit, a budget plan was presented which included a combination of cost reductions, revenue increases, use of unallocated fund balance and one-time revenues to minimize the impact. On May 15, 2018, the Proposed Fiscal Year 2018-19 Budget was presented at a City Council work study session. The presentation highlighted the following: Staff held seventeen budget outreach meetings to the community, City employees and bargaining unit leadership; identified citywide needs and priorities; revenue opportunities; citywide and general fund budgets; additional workforce changes; miscellaneous fees and the City's Proposed Capital Improvement Program. City staff will continue to operate under the governing principles and budget framework while striving towards a path of long-term fiscal stability and sustainability. FISCAL YEAR 2018-2019 CITY BUDGET On June 5, 2018 the City Council was presented the Fiscal Year 2018-19 Proposed City Budget. The Budget fulfills the City's purpose of providing quality service to enhance the safety, livability and prosperity for our community. In alignment with the seven Strategic Plan goals of Community Safety; Youth, Education and Recreation; Economic Development; City Financial Stability; Community Health, Livability, Engagement & Sustainability; Community Facilities & Infrastructure; and Team Santa Ana. The Proposed General Fund Budget (Exhibit 4) includes funding for the following: continued funding of the City Council approved Strategic Plan, funding to address homeless related 75A-1-2