We finally have some insight about the departure of our former chief financial officer. Many of us remember her as the deliverer of wildly inaccurate projections, be they revenue or expense related.
Our new city manager’s letter of transmittal of his proposed 2015 city budget begins with discussion that might explain why she left.
“This year’s budget process has been challenging, with lower than expected revenues throughout FY 2014 and a continuing impact into FY 2015.”
Translation: I’m having to clean up a mess from 2014 that will continue to hurt us in 2015.
“To mitigate the impact of the revenue fluctuations and to establish more realistic revenue projections, the FY 2015 revenue budget encompasses a review of the last five years of actual revenue performance, particularly as it relates to property and sales taxes. Revising overly optimistic revenues combined with increasing demands on the expenditure side du to implementation of the Quality of Life (QOL) projects, looming impacts for police and fire collective bargaining negotiations, and maturing economic development incentives make the task even greater.”
Translation: I could not present a budget for next year without facing up to the mess that we are carrying forward. We need to accurately forecast revenue. Last year’s projections were so inaccurate that I had to go back and study the last five years to figure out what to tell you. Now we have to start paying for the QOL projects while we are cleaning up the mess from prior years. Our public safety pension funds are upside down and we might have to face up to that fact this year.
Maybe we will start to see some financial honesty from a city manager, because
We deserve better
Brutus
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