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Posted on: September 25, 2017

Citizens Fiscal Sustainability Task Force Final Report to City Council

In March of 2015, the City Council formed a Citizens Fiscal Sustainability Task Force (Task Force) consisting of seven appointed volunteers. The Task Force was responsible for studying the City’s financial condition and to determine if there are both short and long term solutions to achieving  fiscal sustainability. The Task Force spent hundreds of hours studying the revenue and expenses associated with the City’s long term sustainability to determine what steps the City can take to ensure the City’s long term financial viability. In addition, the Task Force analyzed the City’s long term financial situation beyond the City’s operational budget and helped create the City’s first 10-year financial forecast and sustainability model. They also took into consideration the state of the City’s facilities, equipment and infrastructure; staffing levels; and fund balance reserves.

On September 19th the Task Force presented a final report to the City Council. Their findings identified areas of concern and studied possible solutions. The City Council recommends having the community actively engaged and educated on the findings of the Task Force, including participating in broader “community conversations” throughout the City.

“The final report by our Citizens Fiscal Sustainability Task Force has presented, for the first time that I can remember, the City’s financial status in a format that is easy to understand with numbers and data that are solid and incontrovertible. The Task Force worked tirelessly for two and a half years and we now have an honest and thorough 10-year forecast of revenues and expenses, which will help us achieve fiscal sustainability moving forward,” said Mayor Craig Green.

“I hope that the results of the Task Force’s efforts and work can be used for further discussion with the community,” said Task Force Chair Bob McKinnell. “The data can be utilized as a tool to forward community discussions and address the City’s long term fiscal sustainability.”

“The City Council and the City Staff would like to thank the Task Force for its significant efforts in studying these issues and providing this comprehensive financial analysis,” said City Administrator Damien Arrula. “We look forward to engaging the community to share our fiscal condition and receive feedback and input from our residents.”

The final report from the Task Force is available by clicking on the following link: www.placentia.org/taskforce.
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Placentia
401 East Chapman Avenue
Placentia, CA 92870
(714) 993-8117