Budget Investment Technology 2015/06/16City of Anaheim
FINANCE DEPARTMENT
June 16, 2015
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) 2015/16
proposed budget marks the twenty - fourth proposed annual budget the Commission has had
the opportunityto review.
The Commission's first meeting in FY 2014/15 was in August 2014. 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 2015 to review the FY 2015/16 proposed overall budget
assumptions.
The proposed budget as reviewed by the Commission on June 10, 2015, 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 2015/16 budget to be fiscally sound. Revenue estimates
are based upon reasonable economic assumptions and the Commission supports staff's
recommended citywide expenditures for FY 2015/16. 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 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.
The Commission unanimously supports approval of the supplemental budget requests for
ongoing and one -time funding for public safety and neighborhood enhancements. The
proposed budget is structurally balanced and maintains prudent reserves. The Commission
hereby recommends the proposed budget for FY 2015/16 be adopted with the supplemental
service enhancements.
200 S. Anaheim Boulevard Anaheim, California 92805
TEL (714) 765 -5195 FAX (714) 765 -5260 www.anaheim.net ITEM NO. 01
Respectfully submitted,
Mr. AB Abdulrahman
Mr. Tony Cardenas
Mr. Stephen Faessel
Mr. Daniel Fierra
Ms. Helen Garner
Ms. Laleh Graylee
Mr, Steve Lodge
Mr. Steve Martinez
Mr. Mark Mittmann