HomeMy WebLinkAboutStaff Report 5645
City of Palo Alto (ID # 5645)
Finance Committee Staff Report
Report Type: Action Items Meeting Date: 4/22/2015
City of Palo Alto Page 1
Summary Title: Review of Financial Reports to Prepare for FY 2016 Budget
Process
Title: Review of Fiscal Year 2014 Comprehensive Annual Financial Report and
FY 2015-2025 Long Range Financial Forecast in Preparation for FY 2016
Budget Process
From: City Manager
Lead Department: Administrative Services
To prepare for the FY 2016 Budget process and hearings, the Finance Committee (FC) requested
an opportunity to review and to ask questions about the FY 2014 Comprehensive Annual
Financial Report (CAFR) and the FY 2015-2025 Long Range Financial Forecast (LRFF). These
documents contain historical and forward looking data that will provide context as the Finance
Committee prepares for the Fiscal Year 2016 Proposed Budget hearings.
The FY 2014 CAFR is found at http://www.cityofpaloalto.org/civicax/filebank/documents/44860
The FY 2015-2025 LRFF is found at
https://www.cityofpaloalto.org/civicax/filebank/documents/46096
At the meeting, staff will prepare a brief overview of each report and then respond to
Committee questions.