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Budget Investment Technology 2016/06/15200 S. Anaheim Boulevard Anaheim, California 92805 TEL (714) 765-5195 FAX (714)765-5260 www.anaheim.net City of Anaheim FINANCE P N une 15, 2016 TO THE HONORABLE CITY COUNCIL: The Budget, Investment and Technology Commission (Commission) is pleased to have the opportunity to present to you its comments and recommendations concerning the City's proposed annual budget. The Commission (previously known as the Budget Advisory Commission) was established by the City Council in 1991. This Commission is charged with the examination of the City's financial condition, policies and procedures, as well as the review of the annual budget proposed by the City Manager pursuant to Section 1.04.996 of Chapter 1.04 of Title 1 of the Anaheim Municipal Code. The Fiscal Year (FY) 2016/17 proposed budget marks the twenty-fifth proposed annual budget the Commission has had the opportunity to review. The Commission's first meeting in FY 2015/16 was in October 2015. At that meeting, the Commission began its review of the upcoming budget by having City staff give an update of recent economic conditions and how they were impacting the current year budget. The Commission received monthly TOT reports and periodic updates on the current year budget. The Commission met in June of 2016 to review the FY 2016/17 proposed overall budget assumptions. The proposed budget as reviewed by the Commission on June 1, 2016, continues to fund those core services that Anaheim's residents, businesses and visitors have come to expect. The Commission has reviewed the General Fund revenue assumptions, and believes that they are reasonable. The Commission believes the FY 2016/17 budget to be fiscally sound. Revenue estimates are based upon reasonable economic assumptions and the Commission supports staff's recommended citywide expenditures for FY 2016/17. Furthermore, because general economic conditions continue to improve, resources have become available for additional ongoing programming and one-time expenditures. The City of Anaheim again is entering the next fiscal year from a position of strength, due in large part, to the past and present conservative fiscal practices and the exemplary leadership of the City Council. While the Commission supports approval of the supplemental budget requests for one-time funding for public safety and neighborhood enhancements, there is significant interest in increased funding for parks. The Commission recommends the Community Services Department's budget be analyzed for opportunities to reprioritize and redirect funding within the department for the improvement of City amenities. The Commission hereby recommends the proposed budget for FY 2016/17 be adopted with the supplemental service enhancements. ITEM NO. 01 Respectfully submitted, IS ANAHEIM BUDGET, INVESTMENT AND TECHNOLOGY COMM S Stephen /Faessel, Chair Mr. Tony Cardenas Mr. Stephen Raesso| Ms. Helen Garner Ms. La|ohGna}400 Mr. Steve Lodge Mr. Steve Martinez Mr. K4arkMittmann Mr. Avelino Valencia Mr. Billie Joe Wright