Budget Strategies for Local Government Horatio Porter Budget Officer City of Fort Worth 1.

Slides:



Advertisements
Similar presentations
Borough of Haddonfield 2010 Community Budget Briefing Jeffrey S. Kasko, Commissioner Sharon McCullough, Administrator July 22, 2010.
Advertisements

CONNECTICUT FY FY 2017 BIENNIUM GOVERNOR’S BUDGET DANNEL P. MALLOY, GOVERNOR February 26, 2015.
Hillsborough Community College State of the Budget Fall 2008.
March,  All three major sources of revenue are down and under continued downward pressure  Investment market decline means we won’t have the.
February 3, 2009 City of Glendale - Finance Department 1 Budget Balancing Strategies February 3, 2009.
MacombGov.org Whether it’s Business, Family, or Pleasure…… Make Macomb Your Home! July 11, 2013 Annual Budget and Forecast Fiscal Years Ending December.
City Manager’s Proposed Budget for Fiscal Years 2010 and 2011 City Council Budget Hearing June 08, 2009.
City of Pittsburgh 2015 Budget and Five-Year Plan September 22,
1 County Budget & Finance Issues. 2 What Counties Do.
Context Report and Long Range Financial Plan Presentation to City Council May 11, 2004 E D M O N T O N.
MONEY, MONEY, MONEY… Balancing the Texas Budget in
Introduction of the City Manager’s Proposed Fiscal Year 2012 Budget January 3, 2011 Sanford Miller, City Manager Robert Rusten, Assistant City Manager.
Finance Department Presentation to the City of Houston Budget and Fiscal Affairs Committee FY2011 Budget Overview and General Fund Five Year Scenario May.
Michigan Association of Counties Traverse City, September 19 th, 2011.
FY 2008 – 2009 Mid-Year Budget Update Joint Finance Committee & City Council Meeting Presented by Michael J. Beck, City Manager November 11, 2008.
2008 Budget Headlines Final tax increase is 9.38%, which includes 4% levy cap ($797,748), plus ($1,094,808) in State pass throughs. State Aid allocation.
2006 Budget Challenges Additional Increases in Pension Contributions = +$451,200 Additional Assessment from RVSA = +$315,000 Increases in Fuel and Utility.
City of Houston Long Range Financial Management Task Force City Financial Overview Part 2 September 6, 2011.
2008/09 Recommended Budget Washtenaw County Board of Commissioners September 2007.
CITY OF SANTA BARBARA Budget Overview APA Citizens Academy Paul Casey, Assistant City Administrator October 15, 2013.
County Fiscal Outlook February 2, Outline Economic Environment Revenue Outlook Budget Strategies FY 2010 Budget Challenges Budget Strategies FY.
Budget Overview. Predicated on the concept of fund accounting Separates accounting of monies for purpose of performing specific functions in accordance.
1 City Manager’s Proposed Budget for Fiscal Years 2010 and 2011 City of Palo Alto Finance Committee May 13, 2009 General Fund Capital Improvement Program.
Fiscal Year Budget Public Hearing June 4, 2009.
GLOBAL ACQUISITION 1. ? purchase of one business or company by another company Such purchase may be of 100%, or nearly 100% 2.
JASON SCHROCK ECONOMIST COLORADO LEGISLATIVE COUNCIL DECEMBER 7, The Economy and the State Budget: Tough Times.
The Minnesota State Colleges and Universities system is an Equal Opportunity employer and educator. State of Minnesota Economic Outlook: Implications for.
NESTOA September 16, 2011 Scott Pattison Executive Director National Association of State Budget Officers 444 North Capitol Street, NW, Suite 642 Washington,
County of Yolo Recommended Budget You are here.
The Fiscal Health of the American City Fiscal Leadership and the Modern City Initiative on Cities, Boston University, April 27, 2013 Andrew Reschovsky.
County of Marin March 2004 County Budget Overview and Potential Impact of State Funding Cuts.
2014 Tax Supported Operating and Capital Budget Summary of Council Approvals January 29 and 30, 2014 Council Approved.
2014 Fiscal Plan 59,488,356 59,982,127 TIME CAPSULE: FY 2009 ADOPTED BUDGET: FIVE YEAR FISCAL PLAN: FY 2014 (CREATED BEFORE IMPACTS OF GREAT RECESSION)
GFOAZ Conference Public & Budget Session Prepared by: Julie A. Ghetti, MPA, CPA August 12, 2011.
ORANGE COUNTY BUDGET FY Worksession Overview July 17, 2007.
As updated January 31, 2012 Town of Chatham Town Manager FY2013 Updated Recommendations - January 31,
TRANSIT REVENUE AND FUNDING UPDATE Robert Dunlavey – Director Transit & Parking Joanne Parker – Transit Planner March 10, 2009.
2008 Total Tax Collections $125,663, Budget Headlines State Aid allocation has significantly decreased again in the amount of $315,928. Total.
2010 Municipal Budget - Appropriation Trends EXPENDITURES Salaries & Wages $16,489,515 $17,007,9843.1% $17,224,6141.3% $16,196, %
Budget Update January 14, /14/ Non-Construction Local Sales Tax Month 3 Year Average FY2010 Budget FY2010 Actual% of Budget Projected FYE.
Presented to the Board of Selectmen, School Committee, Finance Committee Andrew Maylor Town Administrator November 10, 2008 Town of Swampscott Fiscal 2010.
February 17, 2009 City of Berkeley Budget Update.
General Government Budget Overview. Budget Process  Year 1  Prepare complete budget document for years one and two  Adopt budget for year one and set.
Revenue Survey. Probable Trends 2 Valuation Growth – Will show slow growth again in 2011 affecting the 2012 mill levy rate. Sales Taxes – Since.
December 2, 2008 City of Glendale - Finance Department 1 First Quarter Financial Update December 2, 2008.
FY2013 Budget Presentation Public Hearing June 11, 2012 Municipal Court Room.
Texas Impact Advocacy Camp Revenue Background January 13, 2009 Dick Lavine
April 15, Revised Fiscal Year 2011 Proposed Budget October 2009 – General Fund shortfall for Fiscal Year 2011 identified as $179 million December.
TOWN OF JUPITER Abacoa Property Owner’s Association Annual Meeting November 17, 2010.
FY 2011 Organizational Initiatives October 12, 2010.
Recommended Citizens Budget for 2016 Presented to Summit County Council December 28, 2015.
1 Homestead Exemption Presented to the City Council by Horatio Porter, Budget Officer January 21, 2010.
Presented By: Budget & Research Department Karen Rhodes-Whitley FY STATUS REPORT & THREE-YEAR FINANCIAL FORECAST SUMMARY FISCAL YEARS
Using Data to Drive Financial Decisions in Washoe County Dave Childs, ICMA-CM Assistant County Manager Washoe County, Nevada.
FY 2016 Budget Workshop June 11, 2015 Brian Maxwell, City Manager Dan Buckley, Deputy City Manager Mike Loftin, Finance Director 1.
Revenue Projections Fiscal Year 2014 Hampton City Council March 27, 2013 Revenue Projections 2014.
1 Presented to the City Council by Horatio Porter, Budget Officer November 10, 2009 Budget Policy Development.
1 Presented to the City Council by Karen Montgomery Assistant City Manager February 17, 2009 UPDATE ON FY 2009 SALES TAX COLLECTIONS.
1 Presented to the City Council by Horatio Porter, Budget Officer September 15, 2009 Overview of FY2010 Budget.
1 Presented to the City Council by Horatio Porter, Budget Officer January 14, 2010 FY2011 Budget Workshop.
Introduction Historical Overview FY 2011 Budget Challenge Business Continuity Reserve Challenge Grant Concept Case Studies Questions/Discussion.
1 CCPD FY 2011 Proposed Budget Presented to: Crime Control Prevention District Board Presented By: Fort Worth Police Department May 18, 2010.
1 Budget Presentation Fiscal Year 2011 May 10, 2010.
Tax Foreclosed Property
Budget Process and Timeline
Budgeting for Outcomes:
BUDGET WORKSHOP February 15, 2017.
University Budget Review and Update.
East Troy Community School District Community Survey Results
City of Jacksonville: June 6, 2019 Council Orientation
Presentation transcript:

Budget Strategies for Local Government Horatio Porter Budget Officer City of Fort Worth 1

22

Fort Worth

Fort Worth

City of Fort Worth 5 FY2010 Budget$1.2B Staff Size6425 Employees Organization18 City Depts Population 720,000 Residents 5

Major Attractions Museum District Texas Motor Speedway Cowboys of Color Rodeo Bass Performance Hall Historic Stockyards District Colonial Tournament Zoo 6

POPULATION GROWTH Sources: U.S. Census Bureau, ; NCTCOG, , th Largest City in America

Expenditures Increasing Contract Costs Infrastructure needs Healthcare / pension costs Service demands Revenues Declining Property values Sales tax Interest income Construction activity Gas well drilling 8 The Recession hit Fort Worth

5 Year Forecast General Fund 9 Gap = $59M 9

Bucket Approach: 10

Bucket Descriptions Bucket A – Service Reductions Bucket B – Citywide Initiatives Bucket C – Organizational Changes Bucket D – Enhance Revenues 11

Closed 6 of 7 swimming pools Reduced hours at community centers Eliminated one Code Compliance District Reduced mowing of parks, medians and right of way 12 Bucket A – Service Reductions

Bucket B – Citywide Initiatives Instituted 8 Furlough Days Revised funding for healthcare benefits Reduced funding to Ambulance Authority Reduced purchases for city vehicles Reduced misc. discretionary spending 13

Moved Departments / Functions out of the General Fund into Enterprise Funds Accelerated Outsourcing Efforts 14 Bucket C – Organization Changes

Assessed payment to Enterprise Funds Suspended our Policy on Gas Well Revenues Hired a collection agency to pursue delinquent court fines General fee increases (Library, Parks, Meters) 15 Bucket D – Enhance Revenues

Overview of FY2010 Budget Recommendations Service Reductions Organizational Changes Citywide Initiatives C B Enhance Revenues $59 million budget shortfall A $16 m $25 m $3 m $15 m D 16

Updated 5 Yr Financial Forecast General Fund 17 Gap = $25M Balanced

Observation June 1, 2009 January 2006, North American International Auto Show – Speaker: Jerry York Key points: 1.Be realistic about revenue expectations 2.Cut product offerings. Offer fewer and better products 3.Use a “clean sheet of paper” approach. No sacred cows 4.Make tough decisions. If something isn’t core, sell or close it. 5.Time is of the essence. 18

GM vs Ford 1.Be realistic about revenue expectations A.GM – focused on sales volume, selling cars at a loss B.Ford – reengineered operations, focused less on market share 2.Cut product offerings. Offer fewer and better products A.GM – Closed 1 brand (Oldsmobile) B.Ford – Shifted focus from SUVs to small cars 3.Clean sheet of paper, no sacred cows A.GM – No material changes in production B.Ford – Cut material costs, made plants more flexible 19

GM vs Ford 4.Make tough decisions, sell it or close it A.GM - Worked on green technology, hydrogen cars and solar panel (but maintained 60 models across 8 brands) B.Ford – Sold Jaguar, Land Rover and Aston Martin (generated cash) 5.Time is of the essence A.GM – Almost $50b in bailouts, filed bankruptcy 3 years after speech B.Ford – Solvent, improving quality and product offerings 20

Implication / Application 1.Be realistic about revenue expectations Deal with the reality of a flat revenue stream. 2.Cut product offerings. Offer fewer and better products Determine what services you will provide and be the best at delivering those offerings 3.Clean sheet of paper, no sacred cows Every dept should be critically evaluated and challenged to improve 4.Make tough decisions, sell it or close it Programs that are not making a measurable impact should be eliminated 5.Time is of the essence Act now 21

City of Fort Worth Simplified Budget Process Identify Priorities Inspect Performances Invest Resources 22

City of Fort Worth Simplified Budget Process Priority What services should we provide What programs do we offer What business are we in Performance Are our residents satisfied Are our programs effective Are we getting better at delivering services Resources Fund priority programs Fund activities that are producing results 23

Questions 24