Disclaimer Regarding Financial and Operating Data
The City of Thousand Oaks adheres to the highest professional standards in all of its data gathering and processing activities. However, the information posted to the City’s website is not intended for use by investors or potential investors in securities issued by the City. Please refer to the Municipal Securities Rulemaking Board’s Electronic Municipal Market Access (EMMA) website for official statements and continuing disclosure filings relating to the City’s debt obligations. Please refer to the City’s Finance page for additional information regarding the City’s Investor Relations policies and the use of information posted on the City’s website.
During the FY 2015-16 and FY 2016-17 Budget process, staff identified challenges the City is currently facing and/or is likely to encounter over the next ten years. These areas of concern were discussed with the City Council Finance/Audit Committee, City Council Capital Facilities Committee, various Visioning 2064 Committees, and City Council members during the Budget study sessions.
During these meetings, public service and infrastructure concerns were discussed, such as the City’s financial ability to maintain existing streets and roads at current pavement conditions. Overall, the City is in “good” fiscal health, but in an effort to continue prudent and sound financial management, it is important to take a proactive approach to ensure that the City remains fiscally sustainable over the long-term. With this in mind, during the budget process, City Council directed staff to return with a “Fiscal Sustainability Study” that would identify fiscal challenges and provide recommendations and options for City Council consideration. City Council then directed staff to provide information and educate residents through community engagement and public outreach. This would provide a platform to get the community involved in the discussion of recommendation/options related to the City’s fiscal sustainability.
The Ten-Year Financial Strategic Plan (2014-2023) projects a potential financial future for the City and provides a comprehensive update of the City's initial ten-year plan, which was adopted by City Council on February 22, 2005.
Listed below are the various highlights of the City’s Fiscal Sustainability Study with links to applicable staff reports and presentations:
|December 16, 2014||Financial Strategic Plan|
|January 26, 2016||Fiscal Sustainability Study||Presentation|
For historical purposes, previous plans are available in the City's Imaging System.