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Total General Fund <br />Expenditures <br />3,5 <br />210 <br />TW <br />f <br />c qp <br />IN <br />IN <br />*The General <br />FY Wo FY1616 <br />Far�ort <br />Fund is recovering from recession lows. <br />Major Economic Indicators <br />City of Santa Ana: <br />• Auto sales are significantly higher <br />• Auto Mall - New auto sales tax numbers are up 74.7% from 2011 (1) <br />• Transportation represent 26% of City's Sales Tax (1) <br />• Downtown sales tax up 7.9% (1) <br />• Total Assessed Valuation increased 3.7% <br />o $21.1 Billion 2013/14 vs. $20.3 Billion 2012/13 (2) <br />• Building Permits up 3.8% <br />• Unemployment rate dropped to 8.5% in Dec 2013 (peak of 15% in 2010) <br />(3) <br />Positive Economic Outlook for California: <br />• State Budget - $6 Billion Budget Surplus for FY 2014 -2015 and <br />forecasting "surplus" through fiscal year 2017 -2018. <br />• Moderate economic growth in 2013 and Accelerated economic growth in <br />2014 (4) <br />• 3% economic growth for 2014 (5) <br />• Unemployment rate expected to decline to 6% by the end of 2015 (5) <br />Strategic Plan <br />• February 8, 2014 — Conduct Community Meeting to discuss draft Strategic <br />Plan <br />• February 2014 — Conduct meeting(s) with City Council Members <br />• February 22, 2014 — City Council Workshop <br />• March 2014 — City Council review and adoption of Strategic Plan <br />• April 2014 — Approval of funding for Strategic Plan <br />• 2014 -15 through 2018/19 - Implementation of Strategic Plan <br />Budget Modification <br />• Action Items: <br />CITY COUNCIL MINUTES 1 o -1 7 FEBRUARY 4, 2014 <br />