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• Councilmember Martinez noted importance of infrastructure <br />improvements and maintenance. <br />• Mayor Pro Tern Tinajero reported that in 2010 all streets <br />repaired, but not industrial streets. <br />? Public Works Executive Director Raul Godinez, III <br />noted that the Asset Management Plan will include <br />sewer and water maintenance plan. <br />• Councilmember Sarmiento commented on need for Strategic <br />Plan to drive priorities; labor impacts need to be vetted by <br />councilmembers; and Management Partners canvass <br />community and move forward with Strategic Plan. <br />• Mayor Pulido requested that staff meet with new <br />councilmembers to review past trends and budget. <br />9. Honors Council Approved Fiscal Policy <br />• Ensures proper reserves for 2 months operating or $27-$30 million <br />• Continues to reduce dependence on transfers - i.e. water <br />• Commits on-going revenues to on-going expenditures without one- <br />time monies <br />• Forecast Assumptions - Revenue <br />10.Assumes Moderate Growth in Revenue Sources <br />• Current Droiected national and state economic forecast <br />Major General Fund Revenues <br />-*-Property Tax -+-Sales Tax -*--Utility Tax <br />07 09 09 10 11 12 13 14 15 16 17 18 19 20 21 22 <br />• Mayor Pulido requested State takeaways be included in forecast <br />models, also other trends such as electric cars, gas price drop and <br />technology changes that may affect UUT. <br />Timing of Revenue Downturns - Potential for Next Recession <br />CA Unemployment Rate and Recession Periods <br />Periods of Recession" CA Rate ----Santa Ana Rate <br />16% <br />14% <br />12% <br />10% <br />I <br />8% ? <br />6% ' <br />4% <br />2% <br />np imp .? h n 0) pp Amp pp pnp prnp m 'n n pmQt? m 1? m .-? <br />0+ 0) On1 Q^) 6l Oni O^) S 0) Ol 01 0) O) S S S S S O <br />N N r1 N N M N e1 N rl N H e4 H N ei N N N N N N N <br />"Adverse impact on local government revenues may lag these periods <br />CITY COUNCIL MINUTES 4 APRIL 16, 2013 <br />1 0C-4