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Councilmember Benavides: <br />• Urged all to shop local businesses and support the Santa Ana <br />economy. <br />Mayor Pulido: <br />• Adjourned in Memory of Michael Dillingsley who was an active <br />volunteer at the Tennis Center. <br />WORK STUDY SESSION <br />WS PROPOSED FISCAL YEAR 2013-14 AND 2014-15 BUDGETS AND <br />CAPITAL IMPROVEMENT PROGRAM (CIP) - City Manager's Office and <br />Finance Management Services <br />Fiscal Year 2013-2015 <br />Proposed 2-Year Budget <br />Agenda <br />• Historical Budget Overview <br />• Policy Assumptions Going Forward <br />• Budget Assumptions <br />• 2013-15 Budget Overview <br />• One-Time Revenues & Term Specific Expenditures <br />• Capital Improvement Program (CIP) <br />• Departmental Presentations <br />• Next Steps <br />Historical Budget Overview <br />Unemployment <br />Rate <br />Assessed <br />Valuation <br />(Fiscal Year) <br />15.5% 7.1% 9.1% <br />(Jan 2010) (Jan 2008) (April 2013 Prelim) <br />$21.9 Billion $19.8 Billion $20.3 Billion <br />(FY08-09) (FY10-11) (FY12-13) <br />What was the impact to our City <br />• Significant Declines in Major Revenue Sources <br />CITY COUNCIL MINUTES 11 <br />1 0A-11 <br />MAY 20, 2013 <br />Budget Challenges (FY 2008-09 to FY 2012-13) <br />• Worst economic decline since The Great Depression