City of Atlanta
Georgia

Ordinance
16-O-1107

AN ORDINANCE BY COUNCILMEMBER FELICIA A. MOORE TO AMEND ARTICLE VI (REVENUE AND FUND ADMINISTRATION), CHAPTER 3 (FISCAL CONTROL), SECTION 6-312 OF THE CITY OF ATLANTA CHARTER TO DIRECT THAT ALL REFERENCES TO THE "FINANCIAL STABILIZATION PLAN" THROUGHOUT THE CITY CHARTER BE AMENDED TO READ THE "FIVE YEAR FINANCIAL PLAN"; AND FOR OTHER PURPOSES. (1st Read 3/7/16)

Information

Department:Office of the Municipal ClerkSponsors:Council President Felicia A Moore
Category:Personal PaperFunctions:None Required

Attachments

  1. Printout
  2. Five Year Financial Plan

Body

WHEREAS, between the years of 2007 and 2009, along the rest of the country, the City of Atlanta faced an economic recession, which led to unprecedented short and long-term budget challenges due to the downturn in the economy; and

 

WHEREAS, due to the economic recession, the City faced a gap in spending of 60M, forcing the City to turn to drastic measures to curtail spending and managing the City's expenses; such measures included raising property taxes, mandate furloughs days for City employees and require hiring freezes on vacant City positions;

 

WHEREAS, in 2008, the City's Internal Auditor conducted a Performance Audit Report on the City's General Fund Budget, calling for the City to establish polices to guide long and short-term financial planning and monitoring, which included the maintenance of fund balance, the use of non-recurring and surplus revenues and the development of five-year financial forecasts and interim financial reporting and

 

WHEREAS, as a result of the audit, the City Council developed a strategy to avoid the financial condition the City faced in 2008, by creating a comprehensive strategic short and long-range planning and economic forecasting tool called the Financial Stabilization Plan to address the City's spending trends and establish spending guidelines and priorities for the City and to assist in the allocation of the City's financial resources; and

 

WHEREAS, pursuant to 09-R-1213 and codified pursuant to Article VI, Chapter 3, Section 6-

312 of the City of Atlanta Charter, the City's Financial Stabilization Plan (the "Plan") was adopted requiring the Chief Financial Officer to report the City's financial priorities annually for five-year term, to ensure the financial stability of the City; and

 

WHEREAS, since the adoption and implementation of the Financial Stabilization Plan, the City has become more fiscally responsible with its spending, resulting in the City's General Fund revenues exceeding its general expenditures for the past six fiscal years (FY 2010 through FY

2016), an increase in the City's General Fund Balance from $60M in FY 2009 to $150M in

FY16 and a more stable, secure and healthier financial position for the City; and

 

WHEREAS, as a result of the City's secure financial positioning, the stabilization portion of the Plan is no longer necessary; therefore the Plan should focus more on identifying future revenues and expense trends and proactively identifying ways to improve financial viability since the City's financial position is secure; and

WHEREAS, therefore, the name of the Plan should be changed from the Financial Stabilization Plan to the Five Year Financial Plan to reflect the Plan's mission and goals going forward.

 

NOW THEREFORE,  BE IT ORDAINED BY THE COUNCIL OF THE CITY OF ATLANTA GEORGIA, as follows:

 

SECTION 1: That Article VI, Chapter 3, Section 2-316 of the City of Atlanta Charter is hereby amended to change all references to the "Financial Stabilization Plan" throughout the Charter and replace the language with the "Five Year Financial Plan" to read as follows:

 

Section 2-613       Five Year Financial Plan

 

(a) The Mayor shall present to the governing body by February 15 of each year a Five Year

Financial Plan consisting of the following elements:

(4)               A cost estimate of long-term initiatives of the city. Such initiatives shall include, but

are not limited to, long-term operating infrastructure and capital infrastructure needs and the elimination of deficit positions in funds that are subsidized or have historically been subsidized by the general fund. At any time the governing body of the city, may by resolution, request specific long-term initiatives to be included in the Five Year Financial Plan.

(5)              A comprehensive list of revenue initiatives the city may pursue during the five years

covered by the Five Year Financial Plan, including an estimate of the revenues to be produced by such initiatives.

(6)   A comprehensive list of cost saving initiatives the city may pursue during the five years covered by the Five Year Financial Plan, including an estimate of costs saved by such initiatives.

 

 

 

SECTION 2:  That all ordinances and parts of ordinances in conflict herewith are hereby repealed for purposes of this ordinance only, and only to the extent of the conflict.

 

 

Meeting History

Mar 7, 2016 1:00 PM Video Atlanta City Council Regular Meeting
draft Draft

REFERRED TO FINANCE/EXECUTIVE COMMITTEE WITHOUT OBJECTION

RESULT:REFERRED WITHOUT OBJECTION
Mar 21, 2016 1:00 PM Video Atlanta City Council Regular Meeting
draft Draft

RETURNED AS HELD TO FINANCE/EXECUTIVE COMMITTEE WITHOUT OBJECTION

MEMBERS PRESENT: WAN, SHOOK, MARTIN, DICKENS, MOORE & ADREAN

RESULT:RETURNED AS HELD
Apr 18, 2016 1:00 PM Video Atlanta City Council Regular Meeting
draft Draft

RETURNED AS HELD TO FINANCE/EXECUTIVE COMMITTEE WITHOUT OBJECTION

RESULT:RETURNED AS HELD
May 2, 2016 1:00 PM Video Atlanta City Council Regular Meeting
draft Draft

RETURNED AS HELD TO FINANCE/EXECUTIVE COMMITTEE WITHOUT OBJECTION

RESULT:RETURNED AS HELD
May 16, 2016 1:00 PM Video Atlanta City Council Regular Meeting
draft Draft

RETURNED AS HELD TO FINANCE/EXECUTIVE COMMITTEE WITHOUT OBJECTION

RESULT:RETURNED AS HELD
Jun 6, 2016 1:00 PM Video Atlanta City Council Regular Meeting
draft Draft

RETURNED AS HELD TO FINANCE/EXECUTIVE COMMITTEE WITHOUT OBJECTION

RESULT:RETURNED AS HELD
Jun 20, 2016 1:00 PM Video Atlanta City Council Regular Meeting
draft Draft

RETURNED AS HELD TO FINANCE/EXECUTIVE COMMITTEE WITHOUT OBJECTION

RESULT:RETURNED AS HELD
Jul 5, 2016 1:00 PM Video Atlanta City Council Regular Meeting
draft Draft

RETURNED AS HELD TO FINANCE/EXECUTIVE COMMITTEE WITHOUT OBJECTION

RESULT:RETURNED AS HELD
Jul 18, 2016 1:00 PM Video Atlanta City Council Regular Meeting
draft Draft

RETURNED AS HELD TO FINANCE/EXECUTIVE COMMITTEE WITHOUT OBJECTION

RESULT:RETURNED AS HELD
Aug 15, 2016 1:00 PM Video Atlanta City Council Regular Meeting
draft Draft

RETURNED AS HELD TO FINANCE/EXECUTIVE COMMITTEE WITHOUT OBJECTION

RESULT:RETURNED AS HELD
Sep 14, 2016 1:00 PM Video Finance/Executive Committee Regular Committee Meeting
draft Draft
Sep 19, 2016 1:00 PM Video Atlanta City Council Regular Meeting
draft Draft

RETURNED AS HELD TO FINANCE/EXECUTIVE COMMITTEE WITHOUT OBJECTION

RESULT:RETURNED AS HELD
Sep 28, 2016 1:00 PM Video Finance/Executive Committee Regular Committee Meeting
draft Draft
Oct 3, 2016 1:00 PM Video Atlanta City Council Regular Meeting
draft Draft

RETURNED AS HELD TO FINANCE/EXECUTIVE COMMITTEE WITHOUT OBJECTION

RESULT:RETURNED AS HELD
Oct 12, 2016 1:00 PM Video Finance/Executive Committee Regular Committee Meeting
draft Draft
RESULT:HELD IN COMMITTEE [6 TO 0]
AYES:Alex Wan, Howard Shook, Yolanda Adrean, Clarence "C. T." Martin, Felicia A Moore, Andre Dickens
AWAY:Natalyn Mosby Archibong
Oct 17, 2016 1:00 PM Video Atlanta City Council Regular Meeting
draft Draft

RETURNED AS HELD TO FINANCE/EXECUTIVE COMMITTEE WITHOUT OBJECTION

RESULT:RETURNED AS HELD
Oct 26, 2016 1:00 PM Video Finance/Executive Committee Regular Committee Meeting
draft Draft
RESULT:HELD IN COMMITTEE [UNANIMOUS]
AYES:Alex Wan, Howard Shook, Yolanda Adrean, Natalyn Mosby Archibong, Clarence "C. T." Martin, Felicia A Moore
ABSENT:Andre Dickens
Nov 7, 2016 1:00 PM Video Atlanta City Council Regular Meeting
draft Draft

RETURNED AS HELD TO FINANCE/EXECUTIVE COMMITTEE WITHOUT OBJECTION

RESULT:RETURNED AS HELD
Nov 16, 2016 1:00 PM Video Finance/Executive Committee Regular Committee Meeting
draft Draft
RESULT:HELD IN COMMITTEE [UNANIMOUS]
AYES:Alex Wan, Howard Shook, Natalyn Mosby Archibong, Clarence "C. T." Martin, Felicia A Moore, Andre Dickens
ABSENT:Yolanda Adrean
Nov 21, 2016 1:00 PM Video Atlanta City Council Regular Meeting
draft Draft

RETURNED AS HELD TO FINANCE/EXECUTIVE COMMITTEE WITHOUT OBJECTION

RESULT:RETURNED AS HELD
Nov 30, 2016 1:00 PM Video Finance/Executive Committee Regular Committee Meeting
draft Draft
RESULT:HELD IN COMMITTEE [UNANIMOUS]
AYES:Alex Wan, Howard Shook, Yolanda Adrean, Natalyn Mosby Archibong, Clarence "C. T." Martin, Felicia A Moore, Andre Dickens
Dec 5, 2016 1:00 PM  Atlanta City Council Regular Meeting
draft Draft

RETURNED AS HELD TO FINANCE/EXECUTIVE COMMITTEE WITHOUT OBJECTION

RESULT:RETURNED AS HELD
Dec 14, 2016 1:00 PM Video Finance/Executive Committee Regular Committee Meeting
draft Draft
RESULT:FILED BY COMMITTEE [UNANIMOUS]
MOVER:Alex Wan, Chair
SECONDER:Howard Shook, Vice Chair
AYES:Alex Wan, Howard Shook, Clarence "C. T." Martin, Felicia A Moore, Andre Dickens
ABSENT:Yolanda Adrean, Natalyn Mosby Archibong
Jan 3, 2017 1:00 PM Video Atlanta City Council Regular Meeting
draft Draft

FILED BY A ROLL CALL VOTE OF 14 YEAS; 0 NAYS

RESULT:FILED [14 TO 0]
AYES:Michael Julian Bond, Mary Norwood, Andre Dickens, Kwanza Hall, Ivory Lee Young Jr., Cleta Winslow, Natalyn Mosby Archibong, Alex Wan, Howard Shook, Yolanda Adrean, Felicia A Moore, Clarence "C. T." Martin, Keisha Lance Bottoms, Joyce M Sheperd
AWAY:Carla Smith