Budget Investment Technology 2014/06/11City of Anaheim
FINANCE DEPARTMENT
June 11, 2014
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) 2014/15 proposed budget marks the
twenty-third proposed annual budget the Commission has had the
opportunity to review.
The Commission's first meeting in FY 2013/14 was in November 2013. 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 April and May of 2014 to review the FY 2014/15 proposed
overall budget assumptions.
The proposed budget as reviewed by the Commission on June 11, 2014,
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 2014/15 budget to be fiscally sound.
Revenue estimates are based upon reasonable economic assumptions and
the Commission supports staff's recommended citywide expenditures for FY
2014/15. Furthermore, while general economic conditions continue to
improve, resources have become available for additional ongoing
programming and one -time expenditures. The City of Anaheim again is
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ITEM NO. 04
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 ongoing and one -time funding for public safety and
neighborhood enhancements, the commission recommends one -time sales
fax revenues in fiscal years 2015/16 and 2016/17 due to the unwinding of the
Triple Flip (State action) from 2004 be added to the General Fund reserve
balance and not used for supplemental spending. The funding to be
returned was revenue previously earned, covered by reserves, and it seems
prudent to return that revenue back to reserves. The Commission hereby
recommends the proposed budget for FY 2014/15 be adopted with the
supplemental service enhancements.
Respectfully submitted,
ANAHEIM BUDGET, INVESTMENT AND TECHNOLOGY COMMISSION
Patrick J. Pepper, (fhair
Mr. AB Abdulrahman
Mr. Trevor Austin
Mr. Stephen Faessel
Ms. Helen Garner
Mr. Neil Malley
Mr. Pat Pepper
Not Present
Mr. Andrew Cho
Mr. Mark Mittmann