The following presentation is available in audio/visual format at:
|
|
- Laureen Preston
- 5 years ago
- Views:
Transcription
1 I m Elizabeth Reich, the City of Dallas Chief Financial Officer. Thank you for taking the time to consider an investment in the City of Dallas. The following presentation is available in audio/visual format at: 1
2 When we set out to create this presentation, we wanted to provide information to enable your investment decision. We hope the format works, and helps you to get to know the City of Dallas better. Thanks very much for taking the time with us. 2
3 As a potential investor in the City of Dallas, I trust you already know that we have a very strong economy. Let me take a few minutes to tell you more about our city, and our economy. 3
4 The City of Dallas is the urban core, and largest city of the nation s fastest growing metropolitan economy, and 4th most populous metropolitan area, with 7.23 million residents. If the government of the City of Dallas were a corporation, it would be number 785 on the Fortune 1,000 list. 4
5 Dallas is the hub of business in North Texas. 38 percent of all businesses headquartered in DFW, that employ more than 1,000 people globally, are based in the city. 5
6 In addition to the many headquarters and large publicly traded companies located in Dallas, we are home to over 19,000 micro businesses, and a quarter of all small businesses in DFW are in Dallas. 6
7 As the largest city in the metro area, Dallas is home to about 1.3 million people who find that living here is easy. We have diverse neighborhoods and housing options, parks, entertainment, shopping, and the largest contiguous urban arts district in the nation. 7
8 Visitors come to the City of Dallas for a variety of personal, and business related reasons. Of the 26 million annual visitors to the city, over 80 percent are leisure visitors, while 6 percent are meeting and group attendees, making Dallas a top 10 convention destination in the US. 8
9 We re proud of our transportation options, particularly, city owned Dallas Love Field Airport. Celebrating 100 years this year, Love Field now handles almost 200 daily flights, for over 30,000 passengers. Since the Wright Amendment Reform Act went into effect on October 13th, 2014, there s been an 18 percent increase in flights, and 60 percent increase in passenger traffic. 9
10 Several major corporations chose Dallas as their new home in Zale Corporation, a subsidiary of Signet Jewelers, announced the relocation of its corporate headquarters and repairs centers to the Cypress Waters Development, where it joined Mr. Cooper, formerly Nationstar Mortgage, Meritus Homes, UWorld, the Delta Companies, CoreLogic, OneSource Virtual, and Toyota Industries Commercial Finance, as major corporate tenants. Jacobs Engineering, a Fortune 500 Global Construction and Engineering firm, relocated its corporate headquarters from out of state, to downtown Dallas. The corporate headquarters joins the regional office at Harwood Center. Prologis finished construction of an online fulfillment center at Mountain Creek Business Park for Ulta, a retailer of cosmetics and other personal care products. And, chewy.com opened its largest distribution center nearby. Several new facilities opened at the International Inland Port of Dallas, including for Amazon and American Textile, Pioneer Frozen Foods, Thermo Fisher Scientific, and FedEx Supply Chain. 10
11 Downtown Dallas momentum continued with city council approval for public, private partnership on the rehabilitation of several downtown buildings, and downtown continues to add a growing mix of new residential units, hotel rooms, and retail space. Nearby, uptown, in Victory Park, both added new apartment towers, and office buildings. As you can see, Dallas is thriving. 11
12 Let s move on to the financial status of the city. 12
13 This strong economy I ve just been describing is translating into increased revenues from all sources. 13
14 Property tax base value rose 7.18 percent in FY 2018, to billion dollars, from billion in
15 New construction has more than tripled over the last four years. New construction value rose 30.7 percent in FY 2018, to 3.3 billion dollars, from 2.5 billion in FY While increasing values of existing property are fueling some of our property tax growth, these strong new construction figures show that we are also growing, and becoming a larger, more dynamic economy. 15
16 Another example of how our city is growing is our steady increase in revenue from sales taxes. Sales tax revenue is projected to increase 3.8 percent in FY 2018, to million, from million in FY Although we believe the tremendous year over year growth from the last several years will diminish, we will still have positive sales tax growth, that we project is sustainable. 16
17 Now, I d like to take a few minutes to tell you about our budget and our priorities. 17
18 In Dallas, we believe in serving with empathy, done through ethical behavior in the spirit of excellence, with equity for all. The City of Dallas is committed to service first, in everything we do. As a local government, we don t produce tangible products that can be sold in a store front, or placed in an online cart. Instead, our product is service. Our FY budget of over 3 billion dollars is dedicated to delivering a wide range of services to meet the needs of residents, 365 days of the year. We ve charged every employee with serving the citizens of Dallas as efficiently and effectively as possible, and with a sense of urgency. Our primary product is service, as I said, and our tax payers and residents expect us to deliver. We built our budget on 6 strategic priorities. In March of 2017, the city council held its annual planning meeting, where it determined these strategic priorities. As 57.3 percent of our budget, our investment in public safety includes increased wages for first responders, increased pension contributions, improvements to the 911 system, additional 911 dispatchers, and enhanced ambulance service. Our budget also funds important services that make a city attractive to long time and new residents, businesses, and visitors, such as clean neighborhoods and parks, safe water, libraries, arts, and more. For example, our code compliance department will be forming a new team to focus on difficult, substandard structures, and illegal land use cases. There s more funding for street maintenance, libraries, and four new community based 311 agents. Those are our informational agents in the community. Dallas Animal Services will pick up more loose dogs. The city s also increasing its commitment to seniors, those experiencing homelessness, and to refugees and immigrants in Dallas. 18
19 With Dallas 365, we will drive performance improvement within the organization, and be more accountable to the citizens of Dallas. We have 35 performance measures in our 6 strategic priorities, and we will report quarterly on our progress, beginning in January. 19
20 Our service first budget is focused on fiscal sustainability. It s the first balanced biennial budget we ve ever adopted in Dallas, comprising FY 2018 adopted and FY 2019 planned budgets. Everything that we budget for in the first year, is covered in the second year. We wanted to ensure that city council had before them a set of options that they could approve for the first year, knowing that it would be fiscally sustainable going forward. Our budget also lowered taxes for those 65 and older, or disabled, by increasing the property tax exemption from 64,000 to 90,000 dollars. Council also voted to lower the property tax rate to cents, from cents, per 100 dollars of assessed value. And, in our budget, we re making key investments, such as more pay as you go funding for street maintenance, and for city facilities. 20
21 As part of our commitment to fiscal sustainability, we have committed to growing, and to sustaining the growth, in our general fund reserve. In the chart, you can see the growth over the past few years. It s even more impressive than what you see here, because in FY 12, we actually had less than 100 million dollars in our general fund reserve, and you can see that we re projecting now to be at about 165 million dollars. We re also improving our policy. In our financial management performance criteria, we are asking council to raise our reserve requirement from 30 days to 40 days, and we are seeking to continue to raise that requirement in time, until we reach 60 days. We are committed to fiscal sustainability, and believe that a strong reserve is good protection for the city, and of course for you, as our investors. 21
22 I d like to turn now to pension and OPEB updates. 22
23 As you probably know, the Dallas Police and Fire Pension System, just last year, was projected to be insolvent in less than 10 years. However, we all put in a whole lot of work to ensure that that didn t happen, because our first responders deserve a secure retirement. Working together, we came to agreement with the state legislature, which in May, passed HB That legislation went into effect on September 1st, and according to our actuary Deloitte, with those changes, the Dallas Police and Fire Pension will be 100 percent funded in 39 years. There are several changes that I want to tell you about in the Police and Fire Pension. First, there are changes in contributions. The city s contribution rate is increasing from approximately 30.5 percent of computation pay, to the greater of 34.5 percent of computation pay, or a hard wired amount set forth in the bill, based on certain hiring assumptions. Additionally, the city will contribute 13 million dollars annually to the pension system. The hard wired amounts and additional 13 million are in effect for the first 7 years of the legislation, at which point, our contribution will simply be 34.5 percent of computation pay. The members also, of course, are increasing their contribution from 8 and a half percent, to 13.5 percent. And, as I said, after the first 7 years, those hard wired contributions are not there anymore, but we will be looking to an independent third party actuary to determine whether these changes are sufficient for long term sustainability. Based on that, we may need to adopt further changes to bring the amortization period to within an acceptable number of years. We are very proud that we were able to stabilize the Dallas Police and Fire Pension system. It is incredibly important that our first responders know that they have a pension benefit on which they can rely, and it was important to the City of Dallas, and to our tax payers, to know that we were going to be able to provide that for the first responders, but in a way that made sense for the city and for our tax payers. 23
24 I would like to explain how the pension legislation and other public safety funding issues affect the city budget. With House Bill 38, the city will contribute 151 million to the pension fund this year, and 157 million next year, to secure the retirements of our first responders. These contributions are fully funded in the biennial budget passed by the city this year. We have committed to paying a minimum total contribution to the pension for the next 7 years. That means that if 34.5 percent of computation pay is not enough to reach that minimum contribution, we will make up the difference. Over each of the next 5 years, we expect to contribute a total of 40 million more to the pension fund than the city would ve contributed before the legislation passed. In years 6 and 7, we expect to contribute a total of 30 million more to the pension fund than we otherwise would have. As I mentioned, officers will also be increasing their contribution to the pension system. On a related note, in November of 2016, the city council adopted a Police and Fire Meet and Confer agreement that provides pay raises to gradually increase starting salaries, allows the city to recruit new uniformed employees from other agencies, and includes increases in other types of pay to encourage retention of tenured officers. With this agreement, over 57 percent of officers will receive at least 25 percent pay increase over the 3 year term. We budgeted to hire 250 police officers, and 241 fire fighters this fiscal year. With higher salaries and a stable pension, we believe that s attainable. We also included a contingency reserve in the budget next year, should the police department exceed recruitment goals. 24
25 We also have a pension plan for our civilian employees called the Employee Retirement Fund. In 2017, we had a very positive year for the Dallas ERF. We implemented a second tier in this retirement fund, to address people living longer in retirement. This new tier helps us lower the fund s normal cost by 36 percent, from 20.3 percent to percent. The ERF also had a very positive year in terms of investment; calendar year to date, they re at over 8.5 percent and, in the last year, at over 10 percent. We ve maintained the funded ratio at 77.5 percent and, of course, they got an unmodified clean audit opinion in
26 As I mentioned, we made some changes to the Employee Retirement Fund to lower the normal cost. These changes were approved by the ERF board, by the city council, and by the voters of Dallas, Texas, in November of As you can see on this slide, we ve detailed the changes in the ERF, including eligibility factors, such as age, the multiplier, the cost of living adjustment, and many other factors. All, again, lowering that normal cost and creating a more sustainable plan for our civilian employees. 26
27 In Dallas, OPEB is not a large concern. We eliminated our subsidy of the retiree health plan for employees hired after January 1st of 2010 and we ve continually increased retiree contributions to keep up with medical trends. We ve moved post 65 retirees to fully ensured plans, which use Medicare money for efficiently than self-insured options. And, that alone allowed for a lowering of the claims cost assumption, reduced the liability by 28 percent. While we do have OPEB liability now, we re paying it on a pay as you go basis, and believe that payment is manageable. In the long term, of course our liability will go to zero, because we ve eliminated our OPEB commitments. 27
28 Moving on to this current bond issue, I want to first discuss our ratings from S&P and Fitch. 28
29 As you may know, S&P, and Fitch, recently upgraded their outlook for the City of Dallas to stable. The rating agencies had been concerned, previously, about the potential impact of the pension on our finances. However, when we led the way to securing the pension, the rating agencies took a look at our economy and, of course, what they ve known all along, and what we ve known all along, that is strong, and looked at that pension legislation, and determined that our outlook should be stable. We ve put a couple of points here from the S&P and Fitch reports, which I think speak to exactly why they made the decision that they did. In S&P, they talk about recent changes to our pension plan, also the strength in the local economy, our stable financial metrics, and they do point to that passage of the biennial balanced budget. In Fitch, they re looking, also, at our positive operating performance, strong economic and revenue growth prospects that we ve discussed in this briefing, our solid reserve level, and long term liabilities that they expect to remain a moderate burden, given the reforms. We are proud to have led the way to stabilize the Dallas Police and Fire Pension, and in turn, stabilize our city. We appreciate the rating agencies recognizing our improved financial position with the pension reform, by upgrading our outlook to stable. 29
30 I d like to talk to you about the investment that you re considering right now. 30
31 With this transaction, the City of Dallas will both be obtaining new money, as well as refunding previous bonds. The bonds will sell in a competitive bond sale on November 16th. We ll be funding many projects with these bond proceeds, including street and transportation projects, a major flood protection initiative, parks, economic development, city facilities. 31
32 As you can see in this chart, the City of Dallas has plenty of capacity to issue debt, and because we issue the bonds on a level principle basis, we project we will pay off almost 75 percent of the principle for all of the city s outstanding debt within 10 years. 32
33 We also wanted to show you that the debt service, as a percentage of our general fund budget, is quite stable and manageable within the City of Dallas. Due to rising assessed values and the rapid amortization of the city s existing debt, this bond issue will not require a tax increase and will not take away resources from city services. Later in the presentation, I ll talk with you about our 2017 bond elections, held on November 7th, in which voters in Dallas approved 1,500,000 dollars in projects. Even with that election, our debt will be manageable, and will not require a tax increase. 33
34 As I mentioned, one of the major projects that we will fund with this money is a flood protection project. Let me tell you about Mill Creek. This will provide drainage relief and flood protection to properties in East Dallas and uptown. These properties are valued at 4 billion dollars, and include 5 schools, a major hospital, Baylor, emergency rooms, and of course, streets and freeways. We ve been evaluating the flood protection there since the 1970 s, and it s currently at a 2-year storm level. We ve had flooding in this area in the past, and we ve even had a few deaths. 34
35 With the Mill Creek project, we will be increasing flood protection in this area to the 100-year storm level. We ll be putting in a 30 foot diameter underground, concrete lined tunnel. It ll be 5 miles long, 100 feet below ground. Our construction costs are approximately million dollars. We re funding it through the 2006 and 2012 bond program, and it will take about 5 years to complete this project. 35
36 With this bond issue, we are funding projects from prior bond programs, but I d like to tell you that our future looks bright, and tell you a little bit about our just passed, 2017 bond package. 36
37 On Tuesday, November 7th, City of Dallas voters approved a 1,500,000 dollar bond package, in 10 propositions. Over half of the bond package is for streets and transportation, but over 260 million dollars is also for parks, and we have money in for flood control and storm drainage, as well as public safety facilities, economic development, cultural arts, libraries, and homeless assistance facilities. We believe, with this bond package, we will make the city even more attractive for residents and visitors. 37
38 Again, I m Elizabeth Reich, Chief Financial Officer for the City of Dallas. Along with City Manager T.C. Broadnax, and the rest of our leadership team, we are proud to serve the City of Dallas, and to bring this investment opportunity to you. 38
39 We invite you to read the full official statement to learn more about the City of Dallas and this bond issue. Thank you for joining us today. 39
FISCAL YEAR BUDGET IN BRIEF
1 FISCAL YEAR 2018-2019 BUDGET IN BRIEF 2 DALLAS CITY COUNCIL Mike Rawlings, Mayor At Large Adam Medrano, Deputy Mayor Pro Tem District 2 Scott Griggs District 1 Casey Thomas, II District 3 Vacant District
More informationPlease find attached the Financial Forecast Report based on information through December 2017.
Memorandum DATE February 16, 2018 CITY OF DALLAS TO Honorable Mayor and Members of the City Council SUBJECT Financial Forecast Report Please find attached the Financial Forecast Report based on information
More informationFY Budget Update
FY 2017-18 Budget Update City Council Briefing June 21, 2017 Elizabeth Reich, Chief Financial Officer City of Dallas Jack Ireland, Director Office of Financial Services City of Dallas Presentation Overview
More informationPlease find attached the Financial Forecast Report based on information through January 2018.
Memorandum DATE March 15, 2018 CITY OF DALLAS TO Honorable Members of the Government Performance & Financial Management Committee: Jennifer S. Gates (Chair), Scott Griggs (Vice Chair), Sandy Greyson, Lee
More informationFY Annual Budget: Mobility Solutions, Infrastructure, & Sustainability
FY 2018-19 Annual Budget: Mobility Solutions, Infrastructure, & Sustainability City Council Briefing August 15, 2018 Majed Al-Ghafry, Assistant City Manager Overview FY 2018-19 Budget by Strategic Priority
More informationI $82.0. To: The Honorable Mayor and Members of the Dallas City Council
~ City of Dallas To: The Honorable Mayor and Members of the Dallas City Council The FY 2013-14 proposed budget is balanced and reflects a fiscally responsible approach to address the challenges and leverage
More informationMemorandum CITY OF DALLAS
Memorandum DATE August 17, 2018 CITY OF DALLAS TO Honorable Mayor and Members of the City Council SUBJECT Financial Forecast Report Please find attached the Financial Forecast Report (FFR) based on information
More informationSUMMARY OF SERVICES BY STRATEGIC PRIORITY
Public Safety City Attorney's Office Municipal Prosecution $2,287,153 $2,343,199 $2,287,153 $2,343,199 Police Legal Liaison $768,508 $785,703 $768,508 $785,703 Court and Detention Services Adjudication
More informationEXPENDITURE AND PROPERTY TAX OVERVIEW
EXPENDITURE AND PROPERTY TAX OVERVIEW The City of Dallas has been consistently recognized for its judicious management of financial resources. An excellent bond rating, steady tax rate, and fair fee structures
More informationSUMMARY OF SERVICES BY STRATEGIC PRIORITY
Public Safety Building Services Security Service for City Facilities $4,196,367 $4,262,299 $4,196,367 $4,262,299 City Attorney's Office Municipal Prosecution $2,343,624 $2,397,112 $2,343,624 $2,397,112
More informationThe CES improved methodology documentation and supporting calculations
Memorandum CITY OF DALLAS (Report No. A17-011) DATE: September 15, 2017 TO: SUBJECT: Honorable Mayor and Members of the City Council Audit of the Revenue Estimates Included in the 2017-18 Proposed Annual
More informationEXPENDITURE AND PROPERTY TAX OVERVIEW
EXPENDITURE AND PROPERTY TAX OVERVIEW The City of Dallas has been consistently recognized for its judicious management of financial resources. An excellent bond rating, steady tax rate, and fair fee structures
More informationA MESSAGE FROM THE CITY MANAGER
A MESSAGE FROM THE CITY MANAGER Honorable Mayor and Council Members, I am pleased to present the fiscal year (FY) 2017-18 budget. With this $3.1 billion budget, we are putting Service First. I have said
More informationFY Budget Outlook. City Council Briefing December 3, 2014
FY 2015-16 Budget Outlook City Council Briefing December 3, 2014 Purpose of Briefing Recap FY 2014-15 adopted budget Discuss early considerations for FY 2015-16 budget Review changes in budget development
More informationCITY OF BURBANK FINANCIAL SERVICES DEPARTMENT STAFF REPORT
CITY OF BURBANK FINANCIAL SERVICES DEPARTMENT STAFF REPORT DATE: July 17, 2018 TO: FROM: Ron Davis, City Manager Cindy Giraldo, Financial Services Director SUBJECT: Burbank Infrastructure and Community
More informationFY Annual Budget: Government Performance & Financial Management
FY 2017-2018 Annual Budget: Government Performance & Financial Management City Council Briefing August 16, 2017 Elizabeth Reich Chief Financial Officer Jack Ireland, Director Office of Budget Kimberly
More informationDEBT SERVICE GENERAL OBLIGATION DEBT. Introduction. Credit Rating
GENERAL OBLIGATION DEBT Introduction The General Obligation Debt Service Fund provides for the payment of principal and interest on the City s outstanding general obligation bonds and certificates of obligation,
More informationMemorandum CITY OF DALLAS
Memorandum DATE March 16, 2018 CITY OF DALLAS TO Honorable Mayor and Members of the City Council SUBJECT FY 2018-19 and FY 2019-20 General Fund Budget On Wednesday, March 21, 2018, Jack Ireland, Director
More informationCitizen Engagement for FY Budget Development
Citizen Engagement for FY 2017-18 Budget Development T.C. Broadnax City Manager Elizabeth Reich Chief Financial Officer Purpose Provide overview of City of Dallas budget Discuss services provided by the
More informationTanger Outlets San Marcos Texas
History of Tanger Outlet Center San Marcos In 1993 Tanger Properties Limited Partnership ( Tanger ) constructed Phase I of the Tanger Outlet Center-San Marcos which was ultimately completed with approximately
More informationDALLAS POLICE AND FIRE PENSION SYSTEM
DALLAS POLICE AND FIRE PENSION SYSTEM Pension Review Board November 3, 2016 DPFP FULFILLING ITS CONSTITUTIONAL OBLIGATIONS DPFP has consistently taken action, after recognizing that all accrued benefits
More informationMemorandum. M. Elizabeth Reich Chief Financial Officer. Attachment
Memorandum DATE June 14, 2018 CITY OF DALLAS TO Honorable Members of the Government Performance & Financial Management Committee: Jennifer S. Gates (Chair), Scott Griggs (Vice Chair), Sandy Greyson, Lee
More informationRecommended by City Manager A.C. Gonzalez
Recommended by City Manager A.C. Gonzalez Proposed budget is fiscally responsible, strategically begins restoring services, and positions City to continue growth FY 2014-15 budget is balanced and totals
More informationWealth in Real Estate
Building Wealth Through Real Estate Wealth in Real Estate Why build wealth this way? The simple answer is that it is the most powerful way to accumulate wealth, and more people have become millionaires
More informationMemorandum CITY OF DALLAS
Memorandum DATE October 12, 2018 CITY OF DALLAS TO Honorable Members of the Government Performance & Financial Management Committee: Jennifer S. Gates (Chair), Scott Griggs (Vice Chair), Sandy Greyson,
More informationLicensed by the California Department of Corporations as an Investment Advisor Investment Newsletter June 2005
Licensed by the California Department of Corporations as an Investment Advisor Investing in New Construction in New Mexico This month we move back to the real estate world to highlight the opportunities
More informationI will provide a briefing to the members of the Government Performance and Financial Management Committee on Monday, February 5, 2018 regarding:
Memorandum CITY OF DALLAS DATE: January 29, 2018 TO: SUBJECT: Honorable Members of the Committee: Jennifer S. Gates (Chair), Scott Griggs (Vice Chair), Sandy Greyson, Lee M. Kleinman, Philip T. Kingston,
More informationDan Fazio. My name is. A Whole New Level of Service
My name is I am not your ordinary Mortgage Professional. What you are about to experience is a cutting-edge marketing platform designed to build and nurture a personal relationship together. And the book
More informationPart I. Prepared Remarks to the Jacksonville Pension Reform Task Force David Draine 10/29/2013
Prepared Remarks to the Jacksonville Pension Reform Task Force David Draine 10/29/2013 Part I Good morning. It is my pleasure to present once again to the Jacksonville Task Force on Pension Reform. I would
More informationBudget Summary by Function
Budget Summary by Function Your budget shows the 2014, 2015, 2016 approved budgets, the 2017 department request and 2017 city manager proposed. The numbers below reflect percentages based on the city manager
More informationJOHN W. SUTHERS MAYOR
JOHN W. SUTHERS MAYOR October 1, 2018 Honorable President Skorman, President Pro-tem Gaebler and City Council Members, In accordance with the City Charter of Colorado Springs, I present to you a balanced
More information4. Please indicate whether you feel that there are too many, the right amount or not enough of each of the following in Littleton:
Please complete this questionnaire if you are the person most knowledgeable about this business, typically the owner or manager. Please select the response (by circling the number or checking the box)
More informationDRAFT for Typesetter Legal Text of Local Ballot Measures for November 6, 2018, Consolidated General Election
Proposition A Ordinance calling and providing for a special election to be held in the City and County of San Francisco on Tuesday, November 6, 2018, for the purpose of submitting to San Francisco voters
More informationMarch 4, To the Honorable, the City Council:
March 4, 2019 To the Honorable, the City Council: I am pleased to inform you, the taxpayers, and all our residents that the City of Cambridge has retained its noteworthy distinction of being one of approximately
More informationCity Council Budget Work Session. City of McKinney August 4, 2017
City Council Budget Work Session City of McKinney August 4, 2017 Agenda Budget Process & FY18 Overview Property Tax General Fund Revenues & Expenditures Capital Improvements Program Debt Service Water
More informationTHE COLORADO WAY. How Your Vote Can Create Widespread Economic Prosperity
THE COLORADO WAY How Your Vote Can Create Widespread Economic Prosperity Colorado Fiscal Institute 1. Introduction Colorado is a special place to call home. Between our incredible landscape, diverse communities,
More informationCITY OF SACRAMENTO CALIFORNIA. April 27, 2012
OFFICE OF THE CITY MANAGER CALIFORNIA April 27, 2012 CITY HALL 5 th FLOOR 915 I STREET SACRAMENTO, CA 95814-2684 PH 916-808-5704 FAX 916-808-7618 Honorable Mayor and City Council Sacramento, California
More informationCommunity Budget Priorities FY
Community Budget Priorities FY 2014-15 The City is seeking the community s input on priorities for the upcoming Fiscal Year. This presentation gives an overview of the City s budget, as well as the financial
More informationI ve called you together today because yesterday I received the final financial modeling needed
I ve called you together today because yesterday I received the final financial modeling needed for our Green Mountain Care plan. After meeting with my team last Friday to go over the work they had done,
More informationCITIZEN PERSPECTIVE Citizen Survey. Survey conducted by Prairie Research Associates May 2017
CITIZEN PERSPECTIVE 217 Citizen Survey Survey conducted by Prairie Research Associates May 217 1 What is Market Research? The process of gathering information to learn more about how customers and potential
More informationFY Annual Budget: Government Performance and Financial Management
FY 2018-19 Annual Budget: Government Performance and Financial Management City Council Briefing August 15, 2018 M. Elizabeth Reich, Chief Financial Officer Overview FY 2018-19 Budget by Strategic Priority
More informationFiscal Year Proposed Budget
Fiscal Year 2017-2018 Proposed Budget GFOA Budget Presentation Award Recognizes budget documents of the very highest quality that reflect best practices for clearly communicating budget information. Recently
More informationCity of Sacramento. Proposed Budget in Brief FISCAL YEAR 2016/17 CITY OF SACRAMENTO PROPOSED BUDGET IN BRIEF 2016/17
City of Sacramento Proposed Budget in Brief FISCAL YEAR 2016/17 CITY OF SACRAMENTO PROPOSED BUDGET IN BRIEF 2016/17 1 FISCAL YEAR 2016/17 The Total Budget: $961.1 million The Proposed Budget reflects the
More informationDear Denver City Council Members, City Employees and Residents of Denver:
Michael B. Hancock Mayor City and County of Denver OFFICE OF THE MAYOR CITY AND COUNTY BUILDING DENVER, CO 80202-5390 TELEPHONE: (720) 865-9090 FAX: (720) 865-8787 TTY/ TTD: (720) 865-9010 September 12,
More informationIMAGINE ONE AUSTIN. City of Austin Budget 101. July 7, 2014
IMAGINE ONE AUSTIN City of Austin Budget 101 July 7, 2014 Budget Forecast Facts Agenda and April Figures 18 44 Distinct Operating Units Energy Utility, Water Utility, Airport, Convention Center, Watershed
More informationStockholder Call - JLL Income Property Trust Q Earnings Call
Stockholder Call - JLL Income Property Trust Q4 2015 Earnings Call OPERATOR On behalf of JLL Income Property Trust I d like to welcome you to their fourth quarter and full year 2015 earnings conference
More informationOffice of Budget Quarterly Report
Office of Budget Quarterly Report Government Performance and Financial Management Committee September 17, 2018 Jack Ireland, Director Janette Weedon, Assistant Director Presentation Overview Provide an
More informationKevin Kelly: Thanks Julie and thanks to all of you who are taking time to participate in our call today.
1Q 2007 Conference Call Script Julie Creed Good morning, everyone, and thank you for participating in our first quarter conference call. On today s call, from Heidrick & Struggles, are Kevin Kelly, Chief
More informationCredit Presentation of the City of Los Angeles Richard H. Llewellyn Jr., City Administrative Officer
Credit Presentation of the City of Los Angeles Richard H. Llewellyn Jr., City Administrative Officer Presentation by Ben Ceja, Assistant City Administrative Officer March 19, 2018 Disclaimer This Investors
More informationCharlottesville, VA. Supplemental Online Survey Results
Charlottesville, VA Supplemental Online Survey Results 2016 2955 Valmont Road Suite 300 777 North Capitol Street NE Suite 500 Boulder, Colorado 80301 Washington, DC 20002 n-r-c.com 303-444-7863 icma.org
More informationCity of Lethbridge 2014 Community Satisfaction Survey. Key Findings August 2014
City of Lethbridge 2014 Community Satisfaction Survey Key Findings August 2014 Background and Methodology Ipsos Reid conducted a telephone survey with a randomly selected sample of 400 residents of Lethbridge
More informationMemorandum CITY OF DALLAS
Memorandum DATE November 30, 2018 CITY OF DALLAS TO Honorable Members of the Government Performance & Financial Management Committee: Jennifer S. Gates (Chair), Scott Griggs (Vice Chair), Sandy Greyson,
More informationSan Antonio City Council Policy Goal Setting Session Report
Convention Center Mission Room A. Tyler St.Clair 205 Madison Street Lynchburg, Virginia 24504 ats6t@virginia.edu 434-846-2428 CITY FINANCIAL POLICIES City Council Members were provided with an overview
More informationOral History Program Series: Civil Service Interview no.: S11
An initiative of the National Academy of Public Administration, and the Woodrow Wilson School of Public and International Affairs and the Bobst Center for Peace and Justice, Princeton University Oral History
More informationDaniel Miller, Fundrise: Yeah, thank you very much.
Crowdfunding For Real Estate With Daniel Miller of Fundrise Zoe Hughes, PrivcapRE: I m joined here today by Daniel Miller, co- founder of Fundrise, a commercial real estate crowd sourcing platform. Thank
More informationJoining the Marathon Oil Team
Joining the Marathon Oil Team Marathon Oil is committed to fostering an environment of inclusion and mutual respect that promotes individual development and high performance teams while translating our
More informationAPPROVED BUDGET Fiscal Year 2018
APPROVED BUDGET Fiscal Year 2018 I am pleased to present the City of Pensacola Approved Budget for Fiscal Year 2018. This Budget-In-Brief summary highlights important aspects of the budget in a concise
More informationMINUTES OF THE VINEYARD REDEVELOPMENT AGENCY BOARD MEETING 240 East Gammon Road, Vineyard Utah March 8, :53 PM
MINUTES OF THE VINEYARD REDEVELOPMENT AGENCY BOARD MEETING 240 East Gammon Road, Vineyard Utah March 8, 2017 7:53 PM Chair Randy Farnworth Boardmember Tyce Flake Boardmember Julie Fullmer Boardmember Nate
More informationMANAGEMENT S DISCUSSION & ANALYSIS
MANAGEMENT S DISCUSSION & ANALYSIS Our discussion and analysis of the City of Grand Junction s (the City) financial performance provides an overview of the City s financial activities for the fiscal year
More informationMETROPOLITAN WATER RECLAMATION DISTRICT FY2019 TENTATIVE BUDGET: Analysis and Recommendations
METROPOLITAN WATER RECLAMATION DISTRICT FY2019 TENTATIVE BUDGET: Analysis and Recommendations December 6, 2018 Table of Contents EXECUTIVE SUMMARY... 4 CIVIC FEDERATION POSITION... 7 ISSUES THE CIVIC FEDERATION
More information2017 Educational Series FUNDING
2017 Educational Series FUNDING TXDOT FUNDING INTRODUCTION Transportation projects take many years to develop and construct. In addition to the design, engineering, public involvement, right-of-way acquisition,
More informationCity of Dallas Budgeting for Outcomes:
City of Dallas Budgeting for Outcomes: FY 2008-09 09 Annual Budget Recommended by Mary K. Suhm, City Manager Presented to the Dallas City Council August 11, 2008 This page intentionally left blank. 2 Overview:
More informationIssue 3 June On track. with The Wrigley Pension Plan
Issue 3 June 2014 On track with The Wrigley Pension Plan Yes it s a marathon, but... We ve all heard the phrase, It s a marathon not a sprint and on the face of it that does seem to apply to saving for
More informationBlueCrest testimony to House Finance Committee - March 22, 2017
BlueCrest testimony to House Finance Committee - March 22, 2017 Slide 1 Good afternoon Co-Chairs Foster and Seaton, and members of the Committee. For the record, my name is J. Benjamin Johnson. I am the
More informationDepartment of. Assessment & Taxation
Department of Assessment & Taxation About Your Assessor s Office Your Assessor would like you to know about his role in the Oregon system of local government finance. Many people think assessors work directly
More informationCITY. RIALTO W w w. R I a l t o c a. g o v. Fiscal Year 2009/10 Interim Financial Report. 5 months ended November 30, 2009
CITY of RIALTO W w w. R I a l t o c a. g o v Fiscal Year 2009/10 Interim Financial Report 5 months ended November 30, 2009 To: The Mayor and City Council City Administrator From: Chief Financial Officer
More informationTennessee Valley Authority
Q4 Fiscal Year 2017 Conference Call CORPORATE PARTICIPANTS Tammy Wilson Vice President, Treasurer, and Chief Risk Officer Bill Johnson President and Chief Executive Officer John Thomas Chief Financial
More informationPlano Budget Discussion
Plano Budget Discussion Summary Discussion Points I am disappointed by the budget discussions I have observed so far. It was focused on the wrong points. The discussion was set up by city management as
More informationInvestment Report. Town of Little Elm
2014 Investment Report Values Community Safety Sustainability Citizen Focus Services Culture Progressive Growth Families Water Library Responsiveness Integrity Customer Service Police Department Communication
More informationCommunity Engagement for FY Budget Development
Community Engagement for FY 2017-18 Budget Development April 5, 2017 Elizabeth Reich Chief Financial Officer Jack Ireland, Director Office of Financial Services Presentation Overview Discuss purpose of
More informationF I S C A L P O L I C Y I N S T I T U T E 11 Park Place, Suite 701, New York, NY
F I S C A L P O L I C Y I N S T I T U T E 11 Park Place, Suite 701, New York, NY 10007 212-721-5624 www.fiscalpolicy.org Testimony of James A. Parrott, Ph.D. Deputy Director and Chief Economist Fiscal
More informationNEWBERRY COUNTY COUNCIL WORK SESSION MINUTES FEBRUARY 12, :00 P.M.
NEWBERRY COUNTY COUNCIL WORK SESSION MINUTES FEBRUARY 12, 2018 7:00 P.M. Newberry County Council met on Monday, February 12, 2018, at 7:00 p.m. in Council Chambers at the Courthouse Annex, 1309 College
More information2016 State of the City Mayor Mike Rawlings. December 2016
2016 State of the City Mayor Mike Rawlings December 2016 Police & Fire Pension: Assets Projected to Expire Between 2027 & 2030, Depending on Rate of Withdrawal $3.0B $2.5B $2.0B $1.5B $1.0B $0.5B $0.0B
More informationCITY BUDGET TOWN HALL MEETING
CITY BUDGET TOWN HALL MEETING City Budget Town Hall Meeting Agenda Mayor and Councilmember Remarks o Welcome Sacramento 101 o Overview Budget 101 o o Overview Measure U Community Budget Priorities o Budget
More informationNew Braunfels, TX. Technical Appendices DRAFT 2017
New Braunfels, TX Technical Appendices DRAFT 2017 2955 Valmont Road Suite 300 777 North Capitol Street NE Suite 500 Boulder, Colorado 80301 Washington, DC 20002 n-r-c.com 303-444-7863 icma.org 800-745-8780
More informationAn introductory guide to creating local budgets
An introductory guide to creating local budgets 150-504-406 (09-07) 150-504-406 (Rev. 10-01) TOC Table of Contents Introduction...1-4 Phase 1: Preparing the proposed budget...5-26 Phase 2: Approving the
More informationYour Career With Tidewater Mortgage Services, Inc.
Your Career With Tidewater Mortgage Services, Inc. TEAM Make the Right Choice! The Best Decision Of Your Career Tidewater Mortgage Services philosophy is superior mortgage solutions, personal service,
More informationPUBLIC WORKS DIRECTOR
WASHINGTON PUBLIC WORKS DIRECTOR $109,865 - $129,254 Plus Excellent Benefits Apply by October 22, 2017 (First Review, open until filled) 1 P a g e WHY APPLY? Nestled east of famous Puget Sound and north
More informationThriving Leading Budget. Investing in better outcomes for residents and businesses
Living Thriving Leading Investing in better outcomes for residents and businesses Adaptability and responsiveness to current trends and future needs 2018 Budget 2018 Budget 2018 Budget at a Glance The
More informationSPECIAL REVENUE FUNDS
SPECIAL REVENUE FUNDS INTEGRITY INNOVATION ACCOUNTABILITY COMMITMENT TO EXCELLENCE TEAMWORK This section provides a detailed spending plan to account for proceeds of specific revenue sources that are legally
More informationFurther Responses to Council Questions on the FY Proposed and FY Planned Budgets
Memorandum DATE August 31, 2018 CITY OF DALLAS TO Honorable Mayor and Members of the City Council Further Responses to Council Questions on the FY 2018-19 Proposed and FY 2019-20 Planned Budgets Thank
More informationReverse Mortgage FAQ, Myths, Pros and Cons
Reverse Mortgage FAQ, Myths, Pros and Cons made with Reverse Mortgage FAQ, Myths, Pros and Cons: Common FAQ Reverse Mortgages FAQ: Here are some common questions that people ask about reverse mortgages.
More information2017 Quality of Life and Citizen Satisfaction Survey
2017 Quality of Life and Citizen Satisfaction Survey Presentation Presented by: Jamie Duncan Vice President, Canada Ipsos Public Affairs Krista Ring Manager, Customer Experience & Research Customer Service
More informationSLAVIN MANAGEMENT CONSULTANTS. Invites you to apply for the position of: MANAGER. Hardeeville, South Carolina
SLAVIN MANAGEMENT CONSULTANTS A p r i l 2 0 1 5 Th e C i t y o f H a r d e e v i l l e, S o u t h C a r o l i n a Invites you to apply for the position of: CITY MANAGER Hardeeville, South Carolina C O
More informationHonorable Members of the Mobility Solutions, Infrastructure and Sustainability Committee
Memorandum DATE January 4, 2018 CITY OF DALLAS TO Honorable Members of the Mobility Solutions, Infrastructure and Sustainability Committee SUBJECT 2017 Bond Program Implementation On January 8, 2018, you
More informationHOW YOU CAN INVEST YOUR MONEY IN TODAY S MARKET THROUGH PRIVATE MONEY LENDING
HOW YOU CAN INVEST YOUR MONEY IN TODAY S MARKET THROUGH PRIVATE MONEY LENDING Legal Notice Copyright Notice. All rights reserved. No part of this publication may be reproduced or transmitted in any form
More informationCITY AND COUNTY OF SAN FRANCISCO. NOTES TO BASIC FINANCIAL STATEMENTS (Continued)
(8) Bonds, Loans, Capital Leases and Other Payables The following is a summary of long-term obligations of the City as of June 30, 2001 (in thousands): GOVERNMENTAL ACTIVITIES Final Remaining Maturity
More informationBUSINESS PLANS EXECUTIVE SUMMARY
BUSINESS PLANS EXECUTIVE SUMMARY TABLE OF CONTENTS Message from the Treasurer Highlights Tax Bill Impact About Brampton Municipal Service Delivery Doing More with Less Strategic Plan Exec-3 Exec-4 Exec-6
More informationJacksonville s Fix to a $3 billion Problem. Presentation to Southern Municipal Analyst Society: September 7 th, 2016
Jacksonville s Fix to a $3 billion Problem Presentation to Southern Municipal Analyst Society: September 7 th, 2016 Quick Overview of Jacksonville Largest City in Florida and in the Mainland US by landmass
More informationJackson Mayor Randy Heath issues Annual State of City Address, 2018
Jackson Mayor Randy Heath issues Annual State of City Address, 2018 For the past ten years, I have proudly stood at that podium and honestly and factually reported our city was good, it was improving,
More informationThe power of borrowing like a boss
The power of borrowing like a boss Borrowing can help you do some pretty wonderful things. Like getting that home that s right for you and your family (or family to be!). The place where you ll make memories
More informationThe National Citizen Survey 2004
The National Citizen Survey 2004 Presentation to City Council September 27, 2004 What is the National Citizen Survey Standardized, weighted, mailed, random sample survey of citizens Sponsored by ICMA (International
More informationInterview: Oak Street Funding s Rick Dennen
Interview: Oak Street Funding s Rick Dennen Rick Dennen is the founder, president and CEO of Oak Street Funding. Located in Indianapolis, Indiana, Oak Street is a family of diversified financial services
More informationLancaster City Revitalization & Improvement Zone (CRIZ) 2016 Reporting & Information Packet For Calendar Year Reporting January 1 - December 31, 2016
Lancaster City Revitalization & Improvement Zone (CRIZ) 06 Reporting & Information Packet For Calendar Year Reporting January - December, 06 Due on or before June 5, 07 What is the City Revitalization
More informationTHE TOWN OF Fairview,Texas CHIEF FINANCIAL OFFICER
THE TOWN OF Fairview,Texas CHIEF FINANCIAL OFFICER THE COMMUNITY Ideally located along U.S. Highway 75 in Collin County, and part of the Dallas-Fort Worth Metropolitan Area, Fairview encompasses 8.8 square
More informationFUND DESCRIPTIONS FY 2016 PROPOSED BUDGET SUMMARY
FY 2016 PROPOSED BUDGET SUMMARY FUND DESCRIPTIONS GENERAL FUND The General is the primary operating fund of the County and is used to account for the majority of services including fire and police protection,
More information2018 Advantage Guide. Experience Choice With Via Benefits
2018 Advantage Guide Experience Choice With Via Benefits Introducing Via Benefits Trusted advisor to more than one million Medicare-eligible participants Your health plan decisions are important, and changing
More informationWe will now give the floor to Mr. Carlos Jereissati, who will begin today s presentation. Please, Mr. Carlos, proceed.
Operator: Good morning everyone and thank you for waiting. Welcome to Iguatemi Empresa de Shopping Centers 4Q17 results conference call. With us here today we have Mr. Carlos Jereissati, CEO; and Ms. Cristina
More informationSolterra: Fossil Ridge Districts 1, 2 and 3 History, Operation and Issues
Solterra: Fossil Ridge Districts 1, 2 and 3 History, Operation and Issues 1 The following paper is an effort to mine information out of the numerous documents about Fossil Ridge Districts 1, 2 and 3 and
More informationAssistant Finance Director
Assistant Finance Director Motto: Building Our Future From Our Heritage The Community Ideally situated in the Dallas-Fort Worth-Arlington (DFW) Metroplex, the City of Red Oak, Texas, is home to approximately
More information