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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 2015-16Adopted Budget Calendar <br />• Next Budget Calendar Steps <br />2 <br />CITY MANAGER'S BUDGET <br />& ECONOMIC OVERVIEW <br />• 8.8% growth in Top 6 Revenue Sources over a}Year period <br />- 514]5M Prat lM r 141151 v8.$135.5M IF v 12113i <br />• 11.50A Sales Tax grmvth over 33Year period <br />v <br />- %3.aM(Prvsaletl FY 1dl157 va 539.1M(FY 1L13) <br />y <br />• 1I.8%Holel utslron Tex growth Duero 3-Year period <br />y <br />-%8M(PrgmlcJ w M13) vc Sr 5M ltv 12ru <br />lJ <br />• Assessed Property Values have increased by S5%over al <br />A <br />ir <br />Year period <br />y <br />- sM.4BIFv14115)rs.610.0BIFY11113) <br />i <br />• 41.5°A growth in Building Valuation <br />- 3M5.531 (Rgec1vJ FY 14115 vcb448M (FY W 3) <br />• Unemployment rate has significantly declined <br />- sm:ptr l"aAdvancingfa nwonrml <br />© " in all key areas" <br />CITY MANAGER'S BUDGET <br />& ECONOMIC OVERVIEW <br />Ir4sn vaizafuvaq.memly <br />M c, <br />as <br />ru -- - sf <br />W <br />a104M <br />FY <br />� <br />11-154�Pv, <br />AI <br />f � <br />AS <br />k3i <br />an <br />we <br />Me <br />n ssa <br />t <br />v <br />Projected 355.3M Ending Fund Balance at June30, 2015 <br />#Pending YearIrid.1 lna &A<saunn Beconciliatlon: Pupust-0 hoer <br />4 <br />CITY COUNCIL MINUTES 18 JUNE 2, 2015 <br />