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CERTIFICATE OF RECOGNITION presented by MAYOR PRO TEM MARTINEZ recognizing <br />Joseph + James Men's Outfitter for establishing a new business in Santa Ana. <br />CERTIFICATE OF RECOGNITION presented by COUNCILMEMBER SOLORIO to the <br />Sensei Fumio Demura for his outstanding impact on youth in the community. <br />CERTIFICATE OF RECOGNITION presented by COUNCILMEMBER SOLORIO to Charles <br />Jordan and Don Webb, leaders of the Fairhaven Neighborhood Association for their <br />outstanding contributions to the community. <br />AGENDA ITEMS CONSIDERED OUT OF ORDER - WORK STUDY SESSION <br />WS -1. PROPOSED FISCAL YEAR 2017-18 CITY BUDGET - Finance and <br />Management Services <br />Presentation by Finance and Management Services Executive Director <br />Francisco Gutierrez <br />• Budget Overview <br />• FY 17-18 General Fund Proposed Budget <br />• FY 17-18 Citywide Proposed Budget <br />-FY 17-18 Capital Improvement Program <br />• Budget Schedule and Next Steps <br />- Challenges to Maintaining Fiscal Health <br />Over the last several years, the City has been able to provide <br />balanced budgets with ongoing revenues matching operating <br />expenditures, and achieved its long term goal of meeting its <br />operating reserves of 20% in the General Fund <br />However, the City faces ongoing and new challenges: <br />- Recent announcement on December 21, 2016 that PERS will <br />reduce the discount rate from 7.5% to 7.0% over the next <br />three years starting in FY 18-19 <br />-Termination of the ICE contract ($11 M) <br />- Reduction of the Water Transfer ($2.4M) <br />-Graffiti Abatement Program ($1.2M) <br />CITY COUNCIL MINUTES 4 MAY 16, 2017 <br />10A-4 <br />