Item 3BCity Manager’s Report
Financial Update
March 3, 2009
Presentation Purpose
Review current financial situation
Discuss budget impacts
Overview revenue enhancement efforts
Describe next steps
Current Situation
Financial
Budget performance
Trending
Economic Indicators
Foreclosure data
Bankruptcy data
Other
Budget Impacts
Structurally balanced budget
Q1 budget performance
Revenues
Expenses
Economic summit with execs
Prioritized projects
Financial Performance Reviews (FPR)
Modeling/Projections
Revenue Enhancement
FEMA grant = $650,000
CEDAP grant = equipment
Texas Water Development Board grant application = water/sewer
Homeland Security grant = Citizen Corp grant application
ARRA/Stimulus Funds
ARRA / Stimulus Funding
Local government funding opportunities
Transportation
Community Development & Housing
Energy & Environment
Public Safety
Homeland Security
Workforce Development & Training
Funding access
Through State Agencies
Through Federal Agency formula programs
Through Federal Agency discretionary grants
Next Steps
Financial models
Ongoing FPR discussions
Mid-year budget amendment
Ongoing monitoring
Revenue enhancement efforts
Discussion