2025-2026 ACCOMPLISHMENTS: Effectively managed the City’s investment portfolio with a continued goal of maximizing investment returns while safeguarding principal and remaining sufficiently liquid to meet future expenditures Received the Government Finance Officers Association’s “Certificate of Achievement for Excellence in Financial Reporting” for the 38th year, which is the highest form of recognition in the area of governmental accounting and financial reporting Selected an independent certified public accounting firm to perform auditing services for the next five years Effectively managed procurement and financial activities related to the Navy North Hangar Fire
Received the “Operating Budget Excellence Award” from the California Society of Municipal Finance Officers for our 2025-2027 Biennial Fiscal Operating & Capital Improvement Program Budget document Completed implementation of OpenGov Budgeting platform and rolled out to City department users Completed a study of funding options for the CalPERS pension liabilities and obtained Council’s direction on a funding plan moving forward Continued to evaluate and develop long-term strategies to achieve a more sustainable budget Completed a new Comprehensive User Fee Study for adoption in February of 2026
Refinanced the Special Tax Revenue Bonds issued for Community Facilities Districts (CFD) 06-1 and 2014-1, which provides savings to affected property owners over the bond life Published a 2025-2026 Budget-In-Brief that provided a summary of the Biennial 2025-2027 Budget Implemented Palo Alto cybersecurity to modernize network connectivity and strengthen organization-wide cybersecurity protection. Replaced citywide phone system with Cisco Webex Calling phone solution that consolidates calling, messaging, and video into a single
cloud-native application Procured and managed consultants to conduct a technology gap analysis for the Tustin Police Department in response to the Police Department’s updated strategy goals for technology improvements Provide implementation staff support to the Police Department for a new public safety technology platform, Axon Enterprise Suite
2026-2027 GOALS:
Financial Management
Continue to implement the 10-year Fiscal Sustainability Strategy to achieve a balanced and resilient budget Continue to address unfunded CalPERS pension liabilities by regularly evaluating on-going pension payment plan and potential options Continue to produce an award-winning Annual Comprehensive Financial Report (ACFR) in accordance with generally accepted accounting principles Continue to produce a Popular Annual Financial Report to supplement the ACFR, ensuring it is easily understandable to the general public and other interested parties without a background in public finance
73|Page
Made with FlippingBook - professional solution for displaying marketing and sales documents online