Item C: City Manager Evaluation - Laserfiche WebLink

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Element F: Financial Management Overall Rating Satisfied 1 ' 2 3 4 5 Indicators _ ! _ _ _ X 1. Does the Manager develop financial plans that I allow City Council to anticipate and respond to I changes in the City's finances? - I - _ _ X 2. Do the budgets developed by the Manager reflecl I Council priorities? _ I _~ X 3. Does the Manager ensure that the City budget is based on a sustainable service and funding strategy so that ongoing expenses are supported ___ by ongoing revenue? I X 4. Does the Manager control expenditures in accordance with approved budgets? _ _ _ X 5. Does the Manager ensure that City financial matters are clear and available to the public? The City of Eugene is in sound fiscal health. Thanks to the hard work over many years by the City Council, the Budget Committee and City staff, we are beginning to see the long- term benefit of our strategic reductions during the worst of the recession, the benefits of maintaining and using a our strategic reserves and the wisdom of the fiscal discipline of the last several years. We have been able to maintain existing service levels for the last two fiscal years during an era of rapidly rising costs. This was done as a team effort by focusing on the future, exploring new ways to deliver services more efficiently, investing in technology, judiciously weighing proposals to add or enhance programs and planning carefully. The FY06 budget adopted by the City Council last month is a balanced and sustainable plan. It maintains existing services and adds a few critical services or enhances service levels that support the City Council's highest priorities. Rising personnel costs, particularly health insurance and pension expenses, continue to put upside pressure on our multi-year financial plans. Despite our work to reform our Public Employees Retirement System (PERS) and to better manage escalating health care costs through cost sharing, cost containment, plan design management and health promotion strategies, our personal services costs are increasing at twice the rate as our existing revenues. Increased property tax collection, modest revenue growth for new development, the PERS reforms upheld by the Oregon Supreme Court and the new revenue stream from the City's telecommunications ordinance have proven to be timely and needed revenues to help us achieve City Council goals, maintain our core municipal services and to make some improvements in City services this year. 16