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File #: 2073-2019    Version: 1 Name:
Type: Evening Administrative Report Status: Agenda Ready
File created: 10/2/2019 In control: CITY COUNCIL
On agenda: 11/19/2019 Final action:
Title: 2020 Long Term Financial Forecast
Attachments: 1. ATCH 1 - 2020 Long Term Financial Forecast
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
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To:                     Honorable Mayor and Members of City Council

 

From:                     Bret Prebula, Finance Director

 

Prepared By:                     Jessie Gooch, Finance Analyst

                                          

TITLE:

Title

2020 Long Term Financial Forecast

 

LABEL

RECOMMENDED ACTION:
Recommendation

 

Receive and discuss the 2020 Long Term Financial Forecast.

 

Body

DISCUSSION:

The City of Napa prepares the LongTerm Financial Forecast (LTFF) on an annual basis to report projected revenues and expenditures of the General Fund. The 2020 LTFF is a ten-year projection based on current service levels and economic trends.

 

The LTFF estimates that General Fund revenues will continue to grow over the forecast period, outpacing expenditure growth to result in annual surpluses averaging $3.5 million/year.

 

The LTFF includes the following information:

                     Current Economic Information

                     Revenue and Expenditure Assumptions

                     General Fund Financial Forecast

                     Financial Trend Analysis

 

 

FINANCIAL IMPACTS:

There is no financial impact as the LongTerm Financial Forecast is presented for informational purposes only.

 

CEQA:

The Finance Director has determined that the recommended actions described in this agenda report are not subject to CEQA, pursuant to CEQA Guidelines Section 15060(c).

 

DOCUMENTS ATTACHED:

ATCH 1 - 2020 Long Term Financial Forecast

 

NOTIFICATION:

None