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Mayor Pulido opened the Hearing. The following spoke on the matter: <br />• Darrell White, spoke on behalf of Riverview Neighborhood Association; <br />requested consideration for funding of capital improvements at <br />Riverview Park. <br />There were no other speakers and the Hearing closed. <br />Staff report presented by City Manager, David Cavazos and <br />Executive Director of Public Works, Fred Mousavipour <br />AGENDA <br />• City Manager's Budget & Economic Conditions <br />Overview <br />• Trial Budget & Community Budget Hearings <br />• FY 2014 -15 Year -End Projections <br />• Fiscal Year 2015 -16 Proposed Budget <br />• Capital Improvement Program <br />• Fiscal Year 2015 -16 Adopted Budget Calendar <br />• Next Budget Calendar Steps <br />1 2 <br />CITY MANAGER'S BUDGET <br />& ECONOMIC OVERVIEW <br />• 8.8% growth In Top 6 Revenue Sources over a 3-Year Was <br />- £14]5M (Rgepatl FY ldYS)n ]t35.fiM(fY 1913) <br />• 11.5% Sales Tax growth new a 3-Year periotl <br />py <br />- W6u (flnyfe3FY14115)5.$39.1M(FS1913I <br />(_q <br />- 17.3% Hotal Visitors Tax growth wer a 3-Year period <br />- ¢BBM;P1ptt1u1 FY 14f15)w. $].SM(FY 111137 <br />O <br />• Assessed Property Val uas have ldclPased hy8.596 near aI <br />A <br />Yearpertod <br />sm,5 <br />- SM4B(W 14115) vs]1daB" 1913 <br />Z <br />• 41.5% growth In Building Valuation <br />- 32a50M lPmjedetl FY lwl5)1s 51NaM (fY 17113) <br />• Unemployment rate has significantly declined <br />- 5➢%I4a 15 <br />® "Advancing in all key areas" <br />] <br />CITY MANAGER'S BUDGET <br />& ECONOMIC OVERVIEW <br />•° van Pgslsawa'p»14vlhg <br />r -- <br />x <br />..Hans <br />PrwWiY <br />st- <br />YtSLlis <br />stoo <br />ny <br />Ac <br />{153 <br />'a Sys <br />June <br />Pmlectatl d55.]M Ending Fund Balance at June b, 2oi5 <br />Q FPandln.YUCE.dcotung&Account Reconciliation: AueusWctueec <br />4 <br />CITY COUNCIL MINUTES 18 JUNE 2, 2015 <br />1 0A -18 <br />