Finance Department
Presentation to the City of Houston Budget and Fiscal Affairs Committee
FY2016 Budget Overview and General Fund Five Year Forecast
June 1, 2015
Kelly Dowe, Director
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Table of Contents
SectionPage
Forward Looking Statements3Fiscal Year 2016 Budget Redline Changes5Fiscal Year 2016 Budget Overview6General Fund Budget Revenues9 General Fund Budget Expenditures18General Fund Five Year Forecast26Revenues28Expenditures29Revenues & Expenditure Summary30Five Year Management Strategies33 Appendix34
Forward Looking Statements
Thestatementscontainedinthispresentationandmadeverballyinconjunctionwiththepresentationthatarenotpurelyhistoricalareforwardlookingstatements,includingstatementsregardingtheCity’sexpectations,intentions,orstrategiesregardingthefuture.Readersandviewersshouldnotplaceunduerelianceonforwardlookingstatements.AllforwardlookingstatementsinthispresentationandmadeverballyinconjunctionwiththepresentationarebasedoninformationavailabletotheCityonthedatehereof,andtheCityassumesnoobligationtoupdateanysuchforwardlookingstatements.Theforwardlookingstatementshereinarenecessarilybasedonvariousassumptionsandestimatesandareinherentlysubjecttovariousrisksanduncertainties,includingrisksanduncertaintiesrelatingtothepossibleinvalidityoftheunderlyingassumptionsandestimatesandpossiblechangesordevelopmentinsocial,economic,business,industry,market,legalandregulatorycircumstancesandconditionsandactionstakenoromittedtobetakenbythirdparties,includingcustomers,suppliers,businesspartnersandcompetitors,andlegislative,judicialandothergovernmentalauthoritiesandofficials.Assumptionsrelatedtotheforegoinginvolvejudgmentswithrespectto,amongotherthings,futureeconomic,competitive,andmarketconditionsandfuturebusinessdecisions,allofwhicharedifficultorimpossibletopredictaccuratelyandmanyofwhicharebeyondthecontroloftheCity.Anyofsuchassumptionscouldbeinaccurateand,therefore,therecanbenoassurancethattheforwardlookingstatementsincludedinthispresentationandmadeverballyinconjunctionwiththepresentationwouldprovetobeaccurateandmaybemateriallydifferent.3
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