FY2015 Fourth Quarter Financial Review & Fiscal Year End

1. FY2015 Fourth Quarter Financial Review & Fiscal Year End

2. Fund Outlook Fund Balance Utility Hotel General Airport

3. Key HighlightsFY2015 Year End Results • General Fund • Overall revenues up over 2% • Sales tax collections down 3% • Significant savings by departments • Utility Fund • Overall operating revenues up 2% • Hotel Fund • Hotel occupancy tax revenue up 10% • All other funds had solid performance

4. Annual Sales Tax Comparison Millions

5. Sales Tax Area Comparison

6. Hotel Occupancy Tax Collections Millions

7. Book Elements • Council Goals/Values • Key Financial Highlights • Operational Plans • Financial Policies • Submitted to GFOA Special thanks to Caitlan Smelley & Paul Debuff

9. Monthly Sales Tax Collections

10. Key Financial Indicators i

11. Executive Dashboard – 4th Quarter, 2015 Fiscal Year Financial Indicators Personnel Information: Economic Development Incentives: Purchasing Information: ii

12. Executive Dashboard – 4th Quarter, 2015 Fiscal Year Economic Indicators Hotel Indicators: Hotel Occupancy RevPAR 11.3% 16.8% Source: STR Report (compares to prior year) Occupancy Indicators: Office Occupancy Retail Occupancy 1.3% .9% Source: CoStar (compares to prior year) iii

13. Hotel Fund