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Bill Pupo-Chino Valley
Of interest taken from the, MINUTES OF THE STUDY SESSION/RETREAT OF THE COMMON COUNCIL OF THE TOWN OF CHINO VALLEY
FRIDAY, AUGUST 10, 2007
8:30 A.M.
The Common Council of the Town of Chino Valley, Arizona met for a Study Session/Retreat in the Antelope Hills Golf Course Old Clubhouse, located at 1989 Clubhouse Drive, Prescott, Arizona, on Friday, August 10, 2007.
2) Opening Remarks. Town Manager Bill Pupo started off the meeting with a couple icebreakers.
3) Presentation and discussion regarding 5 Year budget and population forecasts. If the Town continued to grow at its current 10 percent, its population would be 93,027 in 2030. Impacts from population growth included population-based revenues taking up to seven years to reflect expenditures that were immediate; increased pressures for new capital outlay and higher levels of service; strain on road infrastructure, traffic circulation, sewer system capacity, and Town services; and balancing services to new residents with the revenues obtained from them.
· Under current conditions, in five years, revenues would not be sufficient to support operating expenditures, the fund balance would be in a negative position, and additional commitments would continue to increase the negative position.
· Steps to consider to improve the forecast included reviewing revenues and setting firm guidelines for cost recovery; reviewing programs and services for effectiveness and identifying cost saving strategies; identifying ways to slow down escalating personnel costs; and complying with financial policies regarding capital improvement funding, debt issuance, and fund balance.
August 10, 2007 - Study Session
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