CITY MANAGER’S BUDGET MESSAGE
o Traffic Signal Vehicle and Bicycle Detection System o South Yale Avenue Corridor Improvements
Fiscal Responsibility and Transparency The City continues to do an outstanding job of financial planning and reporting in a transparent and open manner. For many consective years, the City is recognized by the California Society of Municipal Finance Officers (CSMFO) with the Operating Budget Excellence Award and by the Government Finance Officers Association (GFOA) with the Dintiguished Budget Presentation Award, the highest form of recognition in governmental budgeting. The City is also recognized by the GFOA with the Certificate of Achievement for Exce llence in Financial Reporting for the City’s Annual Comprehensive Financial Report (ACFR), the highest form of recognition in governmental accounting and financial reporting. Last, but not least, the City is recognized by the National Procurement Institute (NPI) with the Achievement of Excellence in Procurement Award, the only City in Orange County to consistently achieve this award. The City also continues to be ranked one of the top most fiscally healthy large cities in the nation by Truth in Accounting. These awards represents a significant accomplishment by a government and its management, and demonstrates how the City of Irvine goes above and beyond to achieve fiscal responsibility and transparency. Conclusion The FY 2023-25 Adopted Budget was carefully prepared to balance City Council and community priorities with a sustainable and sound financial plan. I am grateful for the valuable policy guidance provided by the City Council during the budget development process. This fiscally conservative budget balances immediate priorities along with the need for long-term investments. With its strong leadership and financial standing, the City of Irvine enjoys many advantages that empower it to effectively manage upcoming challenges. These advantages include a strong, diverse local economy, a very high quality of life, and a history of responsible financial stewardship. This budget reflects both the challenges and opportunities that will shape our future. I would like to specifically thank all City department directors and their staff for their continued focus on serving our community in the continual pursuit of a City that offers an exceptional quality of life. In particular and with regard to the City’s FY 2023 -25 spending plan, I want to acknowledge and thank our terrific Adminstrative Services Department team, who worked collaboratively to develop and produce this balanced budget. Moving forward, with the City Council’s leadership and the combined efforts of all members of the City of Irvine team, we will continue to ensure that Irvine remains the brightest gem in the crown that is Orange County.
Regards,
Oliver Chi City Manager
FY 2023-25 Adopted Budget
17
Made with FlippingBook interactive PDF creator