Councilmember Shelley Kaplan Provides a Budget Update for Cathedral City

Councilmember Shelley Kaplan Provides a Budget Update for Cathedral City

In this week’s Council Report by Councilmember Shelley Kaplan, he explains the process on how the City produces a budget, attempts to achieve council goals, and the systems in place to audit the City’s budget.

For the recently released Year-End Review of 2016-17 Cathedral City Budget, the revenues increased while our expenditures came in below projections. This produced an increase in the City’s Reserve Fund or “rainy day savings account” to a new balance of $20.9 million, an increase of over $1.89 million from the previous year’s budget. The City’s savings account is now at 56% of the General Fund, which is 23% above the mandated policy of 33% and 6% above the council’s goal of reaching 50% reserves by the year 2020.

This good news also comes with some caution. Councilmember Shelley Kaplan explains future obligations that will have a significant effect on the budget if economic development opportunities do not keep pace with those obligations. The City Council along with City staff are working hard to bring in new businesses to help offset future expenses. New economic development projects over the past few years have allowed the City Council to hire, or in the process of hiring, 10 additional firefighters / paramedics and 6 police officers to better serve you.

To review the video, click on the following link: https://youtu.be/xJSaceymCv8

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Chris Parman

View posts by Chris Parman
Former Communications & Events Manager 760-770-0396
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