1. General Fund Fiscal Outlook
Joint PUSD – City Council meeting
February 15, 2018

2. Current fiscal position
Fiscal Year 2018 General Fund Operating Budget – excludes debt service and transfer to PCOC

3. Current and projected fiscal trends
Department of Finance

4. Current and projected fiscal trends

5. Current fiscal position
Fund Balance

6. Fiscal reality Investment in key infrastructure lacking
Despite significant reductions the cost of maintaining service levels is outstripping resources
$19 million ongoing reductions
Elimination of 123 FTEs
Shift of $5 million pension costs to employees
Investment in key infrastructure lacking
Fire stations in need of upgrades
Streets and sidewalks in need of repair
Libraries and Community Centers – significant deferred maintenance

7. Fiscal reality Demand for additional services continues
To address impact of homelessness
To provide emergency medical services
Programming for youth
FY 19 operating budget
Projected gap of $3.5 m
Additional position eliminations
Noticeable service reductions

8. Options for maintaining fiscal stability
Mayor’s state of the City address
Framed the issue
Suggested pursuit of additional revenues
To maintain service levels
To reinvest in critical infrastructure
Advisory vote related to PUSD
Council presentation January 29
Information and discussion
Additional discussions expected on March 5th

9. Moving forward Development of FY19 Budget
Council to consider Capital and Operating Budgets in spring
Engage community regarding priorities
Return to City Council as appropriate for discussion and direction