1. Presentation to the Board of Supervisors May 24, 2016 FINANCIAL REPORT 3rd Quarter FY 2015-16

2. Overview Economy – Less improvement than expected. Expenditures – On Track Revenues – Discretionary Revenue Higher than Anticipated Cash Balances – Healthy

3. Gross Domestic Product (GDP) - 0.5% Annualized Growth in the 3 rd Quarter

4. Consumer Price Index (CPI) - 0.7% increase in the 3 rd Quarter

5. Consumer Confidence Index - Relatively Flat

7. Building Activity Continued Improvement Statewide and Locally