1. FY 2012-13 Mid Year Budget Presentation
Sooner or Later it Always Comes Down to Money
February 26, 2013

2. Mid-Year Budget Message
i.e., we can pay our bills = stability.
The City’s Near-Term Financing is in good condition.
i.e., our ability to continue to pay our bills demonstrates strength to maintain and sustain levels of service!
The City’s Financial Position measured by growth in Net Assets and Fund Balances is increasing.
i.e., our strategies to improve our financial condition in the next decade are on the cusp of manifesting positive results = resiliency!
The City’s Outlook for the Long-Term is Favorable

3. Agenda FY 12-13 Mid Year General Fund Budget Review SWOT Analysis
Adopt Mid-Year Budget Resolution

4. Mid-Year Budget Review
Prepare Two-Year
FY Budget
Adopt FY 13 Budget
Annual Financial Report
Mid-Term FY 13 Budget Review
Adopt FY 14 Budget
Mid-Term FY 14 Budget Review
Prepare Two-Year
FY Budget
Adopt FY 15 Budget
Annual Financial Report
Mid-Term FY 15 Budget Review
Adopt FY 16 Budget
Mid-Term FY 16 Budget Review
Monthly Budget-to-Actual Reports
Quarterly Treasurer Reports
Calibrate Financial Projections
Analysis & Alignment
Fiscal Monitoring

5. FY 13 General Fund Summary

6. General Fund Review
Mid Year Budget Review FY

7. FY 13 General Fund Revenues

8. FY 13 General Fund Expenditures

9. FY 13 General Fund Revenues

10. FY 13 General Fund Expenditures

11. SWOT Summary
Mid Year Budget Review FY

12. Long Range Fiscal Planning
Continuous Fiscal
Monitoring & Planning

13. FY General Fund – Fund Balances
Healthy Reserves

14. General Fund Expenditure Trends
Managed Costs

15. General Fund Expenditure Trends
Structural Balance

16. General Fund Revenue Trends
Measured Growth

17. General Fund Trends

18. What is LTFP
Long-term financial planning uses financial forecasting and analysis to identify future challenges and opportunities, and then identifies strategies to secure financial sustainability in light of the challenges and opportunities.

20. Steps to LTFP
DRAFT

21. SWOT Analysis Weaknesses Strengths Opportunities Threats
Climatic, sea-level and geo-technic events
MLK Long-Term Strategy
Marinship Long Term Economic Development
Nurture elastic revenues
Revenue Base growth slightly inelastic and geographically constrained
Healthy reserves
Labor Costs , Service Delivery and Revenue Base Structurally Balanced,
LTFP
Strengths
Weaknesses
Threats
Opportunities

22. Mid Year Budget Message
i.e., we can pay our bills = stability.
The City’s Near-Term Financing is in good condition.
i.e., our ability to continue to pay our bills demonstrates strength to maintain and sustain levels of service!
The City’s Financial Position measured by growth in Net Assets and Fund Balances is increasing.
i.e., our strategies to improve our financial condition in the next decade are on the cusp of manifesting positive results = resiliency!
The City’s Outlook for the Long-Term is Favorable

23. Council Action
Motion to Approve the Mid Year Budget Resolution to amend the budget and provide for Supplemental Appropriations as reflected in Exhibits A, B and C to the Resolution.

24. Questions