DATE: January 22, 2019
TO: Mayor and City Council
FROM: Director of Finance
SUBJECT
Title
Update to General Fund Long-Term Outlook
End
RECOMMENDATION
Recommendation
That the City Council receives an update and provides comments on the City’s General Fund Long Range Financial Model.
End
SUMMARY
This report provides an update of the City’s General Fund Long Range Financial Model (Financial Forecast Model). Staff presented the Financial Forecast Model to the Council Budget and Finance Committee on December 5, 2018. Staff requests that the Council reviews and provides feedback on the Financial Forecast Model update. This update includes the latest revenue and expenditure projections and shows the impact to the City’s long-term financial outlook.
ATTACHMENTS
Attachment I Staff Report
Attachment II General Fund Long Range Financial Model - Update
Attachment II Updated Revenue & Expenditure Assumptions