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AgdaPkt 2015-06-08 Joint SA and PFA
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AgdaPkt 2015-06-08 Joint SA and PFA
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Last modified
6/9/2015 9:08:33 AM
Creation date
6/4/2015 5:22:10 PM
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CC Index
CC Index - Document Type
Agenda Packet
Meeting Type
Joint
Agency Type
City Council and Successor Agency and Public Financing Authority
Date
6/8/2015
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by-month Triple Flip cash flow tracking model. The accuracy of the tracking model has been used to identify mistakes at the SBE and Counties in the handling of Triple Flip sales tax payments. The proprietary process provides a customized, accurate forecast. The forecast brings value to many different levels of management. 1. Finance can better estimate long term revenues for the City by reviewing year-by-year forecasts, the month-by-month sales tax and Triple Flip cash flow, the accrual models, clearly identified anomalies, one-time events, regional impacts and the option to run various growth scenarios. 2. Administration benefits from the information being able to communicate to city councils from items such as the summary pages showing prior performance and projected year forecasts for both the Bradley Burns local 1% and the Triple Flip-impacted cash collections. An additional summary page shows the adjustments by economic category and segments along with various accrual models providing valuable details on how the forecast is developed. 3. Economic Development benefits from the option to run scenarios based on future development, business retention, and economic health of the city and geographic regions of the City. Public benefits include a non-confidential summary page of City revenue information that can be used as the basis for City communications with the public about the economy impacting the City and provides transparency on how estimates are developed. <br />Online Reporting Portal More robust analytics and reporting functionality will be available for the City through MuniServices’ new online reporting portal. This new platform provides the City with dynamic information reporting and analytics, including the ability to develop ad hoc reports, within a secure environment. Our online reporting portal also offers the City: <br />• Improved, user-friendly data visualizations, metrics, and dashboards <br />• Access to intuitive, fast and immediate information <br />• Up-to-date forecasting models using predictive analytics methods <br />• Mobile availability to access data and reports to Smartphone, tablets, and other devices while on the go <br />• State-of-the-art security functions and access controls that enable the highest levels of protection and safeguards sensitive taxpayer information <br />Client Relations and Analysis Team In addition to the monthly and quarterly reports, MuniServices offers a dedicated team of analysts to research and evaluate specific questions from the City staff. In answering questions, we give the City a complete report, support and education resource. MuniServices’ analysts are trusted advisors to the City’s staff. As an always-available, experienced team, our analysts function as a go-to source for the City’s special requests, research, analyses and customized reporting needs in across all services. <br /> <br />ATTY/AGR/2015.101/MUNISERVICE LLC <br />7.1.H. - Page 22
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