The URL can be used to link to this page

Home My WebLink About2015-02-03 - AGENDAS - JOINT STUDY SESSION (2)CITY OF SANTA CLARITA City Council Planning Commission Parks, Recreation, and Community Services Commission Arts Commission Joint Study Session* Tuesday, February 3, 2015 5:30 P.M. Century Room, 1 st Floor, City Hall 23920 Valencia Blvd. Santa Clarita, CA 91355 AGENDA *Study Sessions are for the purpose of allowing the City Council. Commissioners and staff to informally discuss and better understand major issues currently before the City. CALL TO ORDER ROLL CALL FLAG SALUTE ITEM 1 FISCAL YEAR 2015-2016 BUDGET — Each year the City goes through a budget process to develop the annual budget. This process takes approximately six months, typically beginning in January and culminating in June with the adoption of a balanced annual budget. The budget process involves the City Council, the Leadership Team, all City departments, and the community. RECOMMENDED ACTION: Receive the presentation on the state of the budget including the budget message and the City's fiscal status and outlook. PUBLIC PARTICIPATION ADJOURNMENT In compliance with the Americans with Disabilities Act, if you need special assistance to participate in this meeting, please contact the City Clerk's Office, (661) 255-4391. Notification 48 hours prior to the meeting will enable the City to make reasonable arrangements to ensure accessibility to this meeting. (28CFR 35.102.104 ADA Title II) CERTIFICATION I, Kevin Tonoian, City Clerk, do hereby certify that I am the duly appointed and qualified City Clerk for the City of Santa Clarita and that on January 29, 2015, between thp hours of 9 a.m. and 5 p.m., the foregoing agenda was posted at City Hall and the Santa Claritarif5, tation. Kevin Ton City Clerk Santa Clar S:\CrMCM COUNCIL MTG RELATED UEMS\Closed Semon.Other Special Meetings, Study Session Agenda\30I5\Eebtuary 3.2015 Study Seuiortdac CITY OF SANTA CLARITA INTEROFFICE MEMORANDUM TO: Mayor McLean and Members of the City Council Chair Trautman and Members of the Planning Commission Chair Levison and Members of the Parks, Recreation, & Community Services Commission Chair Choppe and Member of the Arts ts Commission FROM: Kenneth W. Striplin, City Manager;( ,/J�� j DATE: February 3, 2015 �� xy 9 SUBJECT: FISCAL YEAR 2015-2016 BUDGET RECOMMENDED ACTION City Council; Planning Commission; Parks, Recreation, & Community Services Commission; and Arts Commission receive the presentation on the state of the budget, including the budget message and the City's fiscal status and outlook. BACKGROUND Each year the City goes through a budget process to develop the annual budget. This process takes approximately six months, typically beginning in January and culminating in June, with the adoption of a balanced annual budget. The budget process involves the members of the City Council, the Leadership Team, all City departments, and the community. Information on the budget process is being presented to the Council; the Planning Commission; the Parks, Recreation, & Community Services Commission; and the Arts Commission for review and discussion. KWS:TH:na SWSWAIcantara\Special Meetings1201512-3-15 Fiscal Year 2015-2016 Joint Budget Study Session City Council Planning Commission Parks, Recreation, and Community Services Commission Arts Commission Tuesday, February 3, 2015 Meeting Purpose ❑ Provide an update on the state of the economy and the City's budget Introduce the Fiscal Year 2015-2016 budget strategy and goals Review estimated General Fund revenues and base budget for the new Fiscal Year Review the Budget Calendar 1 State of the City's Budget o General Fund Revenues are projected to increase The City continues to maintain a healthy General Fund Operating Reserve ® Snare Q -W- , HIGHEST RATING! STANDARDBPOOR'S RATINGS SERVICES State of the Economy o "U.S. recovery remains firm and will be the primary engine driving global growth." Goldman Sachs The IMF predicts that the economy will expand by 3.6% this year Continued declines in unemployment and increases in job growth 2 Budget Risks and Liabilities n Global Economy ❑ Future Funding Challenges: ■ Tennis Center at Central Park ■ Saugus Library and Community Rooms ■ Canyon Country Community Center ■ New Sheriff's Station Santa Clarita's Budget Philosophy The decisions made in good times are more important than decisions made during bad times Always live below your means Run a lean organization u� Use conservative five-year projections u Employ full -cost recovery when setting fees t Diversify revenue T, Use one-time money only for one-time expenses o When in doubt, contract out 3 Fiscal Year 2015-2016 Budget Priorities ❑ Santa Clarita 2020 ❑ Increasing the General Fund Operating Reserve Santa Clarita 2020 MOM Santa Clarita 2020 is a compilation of City Council goals and needs expressed by the community Three- to five-year focus Includes existing work efforts such as new programs and facilities, and projects that sustain aging and existing infrastructure 4 Increase GF Operating Reserve 20% zo 19 18 17 16 15 L°~'S L°tia Estimated General Fund Revenues TYF Uw SIn TY �apnty TY OYw�YY RNmCwYm�b TrN1w� M PmmiYMllmlVb PwmYw fY4 re�� Tm ISM YIIY TYa 5 General Fund Base Budget Next Steps ❑ Subcommittee Meeting: May 4 ❑ Joint Budget Study Session: May 5 ❑ Subcommittee Meeting: May 11 ❑ Planning Commission Meeting: June 2 ❑ City Council Meeting (Public Hearing): June 9 ❑ City Council Meeting (Adoption): June 23