So the policies are the guidelines or roadmap to have successful financial management? But regardless of the guidelines, the city council and the mayor will determine the success of the policies?

On the last slide I think it would be helpful to look back 5 years to see the patterns of meeting the goals or not

If the Emergency Reserve is 2.75% of GF how much of the budget is not part of it?

The mayor's proposed reserve fund was $700 million. It is now $500 million

Does the expenditure of these funds count against the departments budget that is receiving the benefits

the $75 for RAP is part of its budget.

I thought we also got a big pot of money for security. Is it not considered one-time?

What is the meaning for separation incentive program payouts? $44 Million?

Genny…Separation Incentive was to incentivize City employees to retire early in an effort to cut costs.

Is the incentive related to a percentage of reduction of staff the government wants to achieve?

Genny….the SIP program was voluntary

The incentive was offered to all employees who were eligible to retire. Some took it. Some didn't. The rule was that the departments could not replace these people. I don't think that's turning out to be entirely true.

You could use a simple inflation index or cost of living adjustment as a benchmark without showing your hand.

Are the employees taking the incentive, allowed to apply for other unrelated departments after they take the incentive to retire?

The charter does not mention a "balanced" budget.

Genny, no. The SIP is over. The employees had a limited amount of time to participate. They did or they didn't. If they did, they leave the City's employment as far as I know.

They can't work for the City. The Department cannot replace them.

Thus, the City saves money.

It seems to me that the outlook deficit just means that planned spending (with no radical changes) is larger than projected revenues… which means either spending has to decrease to revenue has to increase in order to stay balanced. Am I getting that right?

Emilie, I think so.

Thanks, Kay. :)

LOL

How many departments are involved?

Are you going to share the power point?

Genny, check this web page. https://www.lacity.org/government/popular-information/departments-bureaus

got it! thanks.

Jacob's slides will be on our website in a few days.

My apologies everyone. The Financial Status Reports are assigned the Council File number associated with that year's Budget with a different Subfile number for each. The last FSR issued was the Fourth one for last FY, CF 20-0600-S94.

Maybe we can use our sidewalks as a case study for this problem analysis. There is a settlement involved in this but not clear when and what sidewalks will be repaired.

You need to have an ADA reason to repair the sidewalk. If you have someone who is disabled, have that person open a 311 incident to repair the sidewalk. In my neighborhood, we have one street whose sidewalk was replaced. Someone who was ADA qualified opened the incident and then others pushed it. The squeeky wheel got the grease. On another street a person who was ADA compliant complained about where he could and could not walk on his own street. I tried to encourage him to open a 311 incident, but he wouldn't so that sidewalk remains unreplaced. This is the only way I know to get your sidewalk replaced.

Getting a sidewalk repaired (as opposed to replaced) seems to me to be a matter of luck.

@Jason: I believe the settlement timeframe was ten years for all sidewalk repairs to be completed....

Could we hold up on questions so Jacob can finish his presentation? We only have 20 minutes remaining. Thanks.

For the sidewalk that was replaced, were the tree roots also pruned in order to level the sidewalk before repair?

@Kay ^^^^

Elice, yes. They did a good job.

Thank you! Glad to hear they did a good job! 🙂

Once the 311 ticket was opened, we had to nag them for a long time to make it happen. They really have to be pushed.

I have applied for and received a grant on my NC's behalf. It was a pain in the butt.

Take a look at the screen which addresses Grants

Thank you, Jacob!