DEPARTMENT: Office of Management and Budget
DEPARTMENT HEAD: Maria Villagomez (OMB)
COUNCIL DISTRICTS IMPACTED: City Wide
SUBJECT:
Financial Policies, FY 2014 Six Plus Six Financial Report, and Five Year Financial Forecast
SUMMARY:
A. Briefing on the recommended proposed updates to the City's Financial Management Policies. On February 12, 2014 staff provided a briefing on the City's current financial management policies and practices. During the May 14, 2014 "B" Session staff will present recommended updates to the City's Financial policies to be considered during the FY 2015 Budget Process.
B. FY 2014 Six Plus Six Financial Report (2nd Quarter Actuals with Annualized Projections), Mid Year Budget Adjustment Recommendations, and Five Year Financial Forecast. City Council will be provided with an informational briefing on the City's Fiscal Year (FY) 2014 Budget status through the second quarter (October through March) of the fiscal year and will be provided with projections on revenues and expenditures for the remaining six months of the fiscal year (April through September). City Council also will be presented with the City's Five Year Financial Forecast covering Fiscal Year 2015 through Fiscal Year 2019. The Forecast will focus on the City's General Fund, Development Services Enterprise Fund, Solid Waste Enterprise Fund, and the Hotel Occupancy Tax (HOT) Related Funds.
BACKGROUND INFORMATION:
A Briefing on the recommended proposed updates to the City's Financial Management Policies. The City of San Antonio strives to maintain a strong and solid financial position coupled with flexibility to adapt to changing economic conditions. Through adherence to comprehensive long-term financial planning, strong financial management, and focusing on sound financial principles and practices, San Antonio remains financially strong. Last summer, as part of the FY 2014 Budget Development process, City Council requested a briefing on ...
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