Laserfiche WebLink
• Long-term vision <br />• Adoption of one-year Forecast and four-year financial <br />projection <br />CITY MANAGER'S BUDGET & ECONOMIC OVERVIEW <br />• 8.8% growth in Top 6 Revenue Sources over a 3-Year period <br />o $147.6M (Projected FY 14/15) vs. $135.6M (FY 12/13) <br />• 11.5% Sales Tax growth over a 3-Year period <br />o $43.6M (Projected FY 14/15) vs. $39.1 M (FY 12/13) <br />17.3% Hotel Visitors Tax growth over a 3-Year period <br />o $8.8M (Projected FY 14/15) vs. $7.5M (FY 12/13) <br />• Assessed Property Values have increased by 8.5% over a 3- <br />Year period <br />o $20.413 (FY 14/15) vs. $18.8B (FY 12/13) <br />• 41.5% growth in Building Valuation <br />o $205.OM (Projected FY 14/15) vs. $144.8M (FY 12/13) <br />• Unemployment rate has significantly declined <br />o 5.0% (Mar 15) vs. 13.0% (Mar 09) <br />W 1,143% <br />05 Growth <br />W <br />N5 <br />m5 <br />SW <br />W $45.3 <br />$0 <br />$15 <br />510 <br />SS $3.0 <br />fr <br />FYOBdO F1'19A9Pro�MN <br />BUDGET ACCOMPLISHMENTS <br />• Developed a positive One -Year Forecast & Four -Year Projections as <br />the basis of the FYI 5-16 Budget <br />o Modified assumptions based on updated revenue information <br />and, as a result, developed a balanced budget for the upcoming <br />Fiscal Year <br />o CalPERS estimated contributions included in 4-year projection <br />(FY 16/17- FY19/20) <br />• Made progress in several areas of the Strategic Plan <br />o Financial Stability <br />o Continue to pursue objectives that shape downtown Santa Ana <br />into a thriving, culturally diverse, shopping, dining, and <br />entertainment destination <br />CITY COUNCIL MINUTES 28 MAY 19, 2015 <br />