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AGENDA ITEM REVIEW FORM |
2.A.
Work Session
- Meeting Date:
- 02/05/2025
- Department Head:
- Roula Encinas
- Submitted By:
- Roula Encinas, Director of Finance, Finance Department
Action Requested:
Discussion Item - No Action to be Taken
ITEM:
Discussion and review of the financial stability of the City of San Luis for the next five (5) years. Informational session, no action. (Roula Encinas, Director of Finance)
SUMMARY:
The City of San Luis must have the ability to anticipate future financial challenges and maintain fiscal stability. To support city officials in making informed decisions, the Finance Department develops five-year revenue and expenditure forecasts. These forecasts will include:
- Revenue projections from sales tax, state-shared revenues, and utility revenues.
- Expenditure trends, including personnel costs and operational needs.
- Reserve fund levels to ensure financial preparedness for economic downturns and unexpected expenses.
- Impacts of inflation, economic conditions, and state/federal funding changes.
- Capital improvement and infrastructure investments.
RECOMMENDATION / SUGGESTED MOTION:
Discussion and possible directions to staff only, no action.
Fiscal Impact
- IS THERE FISCAL IMPACT ASSOCIATED WITH THIS ITEM:
- N/A
- CITY/STATE/FEDERAL FUNDS:
- N/A
- TOTAL:
- N/A
- BUDGETED AMOUNT:
- N/A
- AVAILABLE AMOUNT TO TRANSFER:
- N/A
- ACCT NAME & GL#/REMAINING BALANCE BEFORE PURCHASE:
- N/A
FISCAL IMPACT STATEMENT (IF THIS IS A BUDGET TRANSFER, YOU MUST ATTACH THE BUDGET ADJUSTMENT FORM):
N/A
Attachments
- General Fund Budget Analysis
- HURF Budget Analysis
- Water Budget Analysis
- WW Budget Analysis
- SW Budget Analysis
- Ambulance Budget Analysis
- Fund Balance Analysis 2/2/2025