City of Peoria - File #: 20-081

• File #: 20-081
• Version: 2
• Type: Presentation
• Status: Received and Filed
• File created: 4/8/2020
• In control: City Council
• On agenda: 5/12/2020
• Final action: 5/12/2020
• Title: Communication from the City Manager With a Request to RECEIVE and FILE a PRESENTATION on the IMPACT OF COVID-19 RELATING TO THE CITY'S BUDGET.
• Related files: 20-125

Date	Ver.	Action By	Action	Result
5/12/2020	2	City Council	approved	Pass
4/28/2020	2	City Council	directed staff
4/28/2020	2	City Council	substitute motion	Fail
4/28/2020	2	City Council	directed staff	Fail
4/28/2020	2	City Council	received and filed	Pass
4/21/2020	2	City Council	directed staff	Pass
4/21/2020	2	City Council	directed staff	Pass
4/21/2020	2	City Council	directed staff
4/14/2020	1	City Council	approved	Pass
4/14/2020	1	City Council	received and filed	Pass

ACTION REQUESTED: 

Title

Communication from the City Manager With a Request to RECEIVE and FILE a PRESENTATION on the IMPACT OF COVID-19 RELATING TO THE CITY’S BUDGET.

Body

BACKGROUND:  The City Manager will provide a presentation to Council relating to the impact of the coronavirus disease. The presentation will provide an orientation of the issue, the current financial status should the shelter in place continue until July 1^st, steps being taken by staff and options to consider to mitigate impact of loss of revenues.  

May 12 Update:

Council has provided direction on capital spending and staff has provided Council with 4 different scenarios.  Staff seeks additional guidance from Council on the level of operating cuts to seek in crafting a revised budget plan for 2020 and 2021.

FINANCIAL IMPACT:  Should the shelter in place order remain in effect until July 1^st, it is estimated that total City revenues could see reductions of $55 million.

NEIGHBORHOOD CONCERNS:  Current service levels will be impacted.

IMPACT IF APPROVED: N/A

IMPACT IF DENIED:  N/A

ALTERNATIVES:  N/A

EEO CERTIFICATION NUMBER: N/A

WHICH OF THE GOALS IDENTIFIED IN THE COUNCIL’S 2017 - 2032 STRATEGIC PLAN DOES THIS RECOMMENDATION ADVANCE?

1. Financially Sound City                     

2. Safe Peoria

WHICH CRITICAL SUCCESS FACTOR(S) FROM THE COMPREHENSIVE PLAN DOES THIS RECOMMENDATION IMPLEMENT?

1. Have an efficient government.                     

2. Keep taxes and fees competitive.                     

DEPARTMENT: City Manager's Office