California State Auditor Gives Irvine Highest Rating for Fiscal Health!

As an Irvine City Councilmember who ran on a promise of fiscal responsibility, I am very pleased to announce that the California State Auditor’s Office has recently published a comprehensive ranking of 471 California cities based on their fiscal health and that Irvine achieved the Auditor’s highest possible rating of “low risk.”

This designation indicates that a city has low risk of experiencing fiscal distress.

A map created by the state auditor’s office ranks cities by fiscal health. Green is low risk, yellow is moderate risk and red is high risk.

Among the indicators used to evaluate the cities’ fiscal health were each city’s cash position or liquidity, debt burden, financial reserves, revenue trends, and ability to pay for employee retirement benefits.

I’m proud of my record on the Irvine City Council in increasing government accountability, openness, and transparency.

I’ve received the Orange County Taxpayers Watchdog Award for “demonstrating dedication to the protection of taxpayer funds and for the advocacy of government transparency and fiscal responsibility.”

Under my leadership, the Irvine Community land Trust was awarded the Platinum Seal of Transparency from GuideStar, the world’s most respected source of information on nonprofit organizations.

I was also the only member of the Irvine City Council to oppose Measure D, which would have eliminated voter input into development decisions, because I believe that citizens must have a strong voice in deciding the future of their neighborhoods.

I enthusiastically supported the City’s adoption of the Irvine Sunshine Ordinance, which expanded public notice to four times longer than California law requires and prevents government action without full and informed participation from the community. I also supported approval of a two-year budget cycle, along with a five-year financial planning program, to bring more accountability to government spending.

You can read the full California State Auditor’s Report HERE.

As a member of the Irvine City Council, I am extremely proud of these accomplishments But much more important to me is the fact that our city is truly serving its residents with fiscal responsibility and transparency.

I ran for City Council on a platform of using my skills as a business attorney to safeguard every public dollar, and I have kept that promise by making sure that Irvine is financially transparent and doesn’t spend more than it can afford.

These awards reflect the commitment that I and my colleagues on the Irvine City Council, as well as our Finance Commissioners and our professional staff, have made to the taxpayers and residents of Irvine, and to the principles of government transparency and fiscal responsibility.

Government transparency and fiscal responsibility should be neither a conservative nor a liberal idea, but appeal to both, as we strive to address increasing social needs with limited resources.

State Treasurer Fiona Ma Announces $20 Million in Sales Tax Aid for Irvine-Based Biotech Company Edwards Lifesciences

I’m extremely pleased to report that California State Treasurer Fiona Ma has approved up to $20 million in sales tax benefits for Irvine-based biotech company Edwards Lifesciences to upgrade and expand a facility that makes devices to treat cardiovascular disease.

This action will support the retention and creation of 974 production jobs and 90 construction jobs, primarily in Orange County.

The award to Edwards Lifesciences was one of several approved by the California Alternative Energy and Advanced Transportation Financing Authority (CAEATFA) which is chaired by Treasurer Ma.  CAEATFA works collaboratively with public and private partners to provide innovative and effective financing solutions for California’s industries, assisting in reducing the state’s greenhouse gas emissions by increasing the development and deployment of renewable energy sources, energy efficiency, and advanced transportation and manufacturing technologies to reduce air pollution, conserve energy, and promote economic development and jobs.

Edwards Lifesciences makes transcatheter heart valves, surgical heart valves, and blood flow monitoring devices. In 2011, it made the first aortic value approved in the U.S. that does not require open heart surgery to place inside the patient.

In announcing her decision, Treasurer Ma stated that Irvine’s Edwards Lifesciences is “the kind of company that we need to keep in California. Edwards Lifesciences is saving lives and keeping our state on the cutting edge of technology, and doing all of this while reducing its energy consumption.”

The sales tax benefits will be applied to the purchase of $239 million of production equipment, facility improvement, tooling equipment, lab instruments, computers, and information technology. The upgrade, according to the company, will reduce energy use by 10 percent and trim the amount of hazardous and solid waste produced by the facility.

Edwards Lifesciences employees approximately 5,000 people in Orange County.

I have had the privilege of being friends with California State Treasurer Fiona Ma for many years and have long been a supporter of her approach to business-government relations and her efforts to promote economic development and jobs while also protecting the environment.

I am very happy to see that her policies as Treasurer are having a direct and positive impact on people and businesses here in Orange County.

California State Treasurer Fiona Ma Presents Free Small Business Seminar!

Join California State Treasurer Fiona Ma along with state, county, and local elected officials at her inaugural free small business seminar!

The seminar will be presented on Friday, April 5, 2019, from 9:30 a.m. to 12:30 p.m. Check-in begins at 9:00 a.m.

The location is Rowland Unified Board Room, 1830 Nogales St., Rowland Heights, CA 91748.

This seminar is FREE and will feature speakers from CalCAP, CalSavers, California Franchise Tax Board, GO-Biz, and Small Business Majority to share information and resources with small business owners to help them comply with regulations and grow their business.

Seminar sponsors include California State Treasurer Fiona Ma, US Representative Gil Cesneros, State Senator Ling Ling Chang, State Assemblyman Philip Chen, L.A. County Supervisor Janice Hahn, and L.A. County Assessor Jeffrey Prang.

Topics will include access to capital, small business loans, forms of ownership, retirement programs, and more!

Space is limited, so please RSVP at http://bit.ly/SGVSBS2019 or by calling (916) 653-2995.

See the Facebook Event Page here.

Irvine Releases Proposed 2019-2021 Budget. Tell Us What You Think!

The City of Irvine has released a proposed budget for FY 2019-2021.

Tell us what you think!

I ran for City Council on a platform of using my skills as a business attorney to safeguard every public dollar, and I have kept that promise by making sure that Irvine is financially transparent and accountable, and doesn’t spend more than it can afford.

Government transparency and fiscal responsibility should be neither a conservative nor a liberal idea, but appeal to both, as we strive to address increasing social needs with limited resources.

I am proud to have received the Orange County Taxpayers Watchdog Award from Orange County Auditor-Controller Eric H. Woollery, along with Mayor Don Wagner and Councilmember Christina Shea.

I am proud that during my tenure on the Irvine City Council, Irvine has received numerous awards for fiscal responsibility and transparency. These awards reflect the commitment that I and my colleagues on the Irvine City Council have made to the taxpayers and residents of Irvine, and to the principles of government transparency and fiscal responsibility.

I am also proud that during my term in office, Irvine has adopted the Irvine Sunshine Ordinance that expands public notice to four times longer than California law requires, and has approved a two-year budget cycle, along with a five-year financial planning program. These changes make planning more transparent, give residents more opportunity for input into budget and planning, and make city government more accountable.

The City of Irvine has now released its proposed budget for Fiscal Year 2019-2021.

Prior to proposing a budget for FY 2019-2021, the City hosted four Community Budget Meetings in March. These meetings were the City’s first-ever attempt at both informing constituents about the state of its finances and seeking input on spending priorities before the budget proposal was finalized.

Strategic priorities addressed in the proposed budget include: maintaining high-quality essential City services, enhancing Citywide mobility through transportation improvements, promoting innovation through effective use of Information Technology solutions, and recruiting and retaining high-quality employees.

Next in the process, the budget will be presented to the Finance Commission in April 2019.  These meetings are open to the public and your continued input in the form of public comment is welcome.

My appointee to the Finance Commission is Roger Sievers. Roger is a long-time corporate CFO/VP/Controller with a master’s degree in finance from Stanford University who cares deeply about ensuring both Irvine’s financial health and our quality of life.  He would love to hear from you about the proposed FY 2019-2012 budget. He can be reached at rsievers@cityofirvine.org.

Following Finance Commission input, the proposed two-year budget and five-year plan will be presented to the City Council for approval in May.

For more information about the budget process, and to access the Fiscal Year 2019-21 Proposed Budget, visit cityofirvine.org/budget.

You can also contact the City of Irvine’s Financial Management & Strategic Planning Department at 949-724-6255.

The City of Irvine’s Budget Will Not Include Cuts to Irvine Schools

Recently, City of Irvine staff proposed that, due to a projected budget shortfall, the City should consider cutting its support for Irvine’s public schools and reduce its spending on public safety.

I strongly opposed these cuts.

While I am concerned about the City’s fiscal health and our budget — a topic I will address soon in a future blog post — I do not believe that it is in the best interests of Irvine’s residents to curtail our support for education and public safety.

Due to my opposition and that of other City Council Members, as well as conversations between myself and Irvine Unified School District Board Members, and IUSD and City staff, reductions to school funding will no longer be proposed for the upcoming City budget.

Here is the official announcement:

“A special message about the City of Irvine’s $80 million in cash grants and program support for Irvine schools since 2008.

The City of Irvine has proudly provided cash grants to benefit Irvine schools and students for 13 years. The City uses vehicles such as the Educational Partnership Fund (EPF) program, established in 2006, and the Challenge Match Grant Program, created in 2008, to facilitate support.

From 2006 through June 2019, the City has provided $32 million in direct cash grants benefiting Irvine schools. The City is continuing to commit another $4 million annually for the next two fiscal years, for a total cash contribution of $40 million to benefit Irvine schools.

Beyond cash support, the City provides over $10 million annually in direct and indirect services to Irvine schools and students. The City of Irvine has provided over $80 million in direct and indirect support benefiting Irvine schools since 2008.

Indirect programs include school resource officers at middle and high schools; D.A.R.E. instruction so that elementary school students refrain from drug use and bullying and practice responsible internet use; crossing guards; middle school and high school youth action teams; and joint field and pool use. The two Partnership for Educational Excellence Programs grew from $1.5 million per year to $4 million per year in direct cash grants. The City Council established this funding because schools are a priority; voters affirmed it, and the Irvine City Council continued this unique funding tradition after the voter measures expired in 2016.

The City remains committed to supporting Irvine schools. The City is also committed to its long-term financial planning, transitioning to a two-year budget and a five-year financial plan. The City’s financial condition shows a structural deficit. The executive management team values transparent discussions early in the budget planning cycle. This includes open dialogue at community meetings, in order to facilitate a proposed balanced budget that meets many needs. City executive management proposed a host of changes and reductions to address the shortfall, including a possible reduction to some of the $10 million in annual support to Irvine schools in order to ensure adequate City and Police services.

While reductions to school funding will no longer be proposed for the upcoming budget, we need to work together to find constructive approaches. The City faces leaner times. We want to ensure our support for Public Safety, which is a top priority for the Council and the community, is not jeopardized. Mutual cooperation and productive communication is critical for effective long-term financial planning that balances community priorities and the City’s budget.”

Thank you to the many Irvine residents and IUSD Board Members who reached out to me and other members of the City Council opposing these cuts.

Our voices have been heard.

Irvine Ranked No. 1 City in Fiscal Strength!

I am proud to report that the City of Irvine has been ranked as the No. 1 City in the United States in Fiscal Strength by Truth in Accounting (TIA), a nonprofit organization that “cuts through politicization and accounting tricks, presenting transparent and nonpartisan figures of government finances.”

According to TIA, “it is imperative to provide an honest accounting of each city’s financial condition. Therefore, we developed a sophisticated model to analyze all the assets and liabilities of the nation’s 75 most populous cities, including unreported liabilities.”

Based on their thorough ans nonpartisan analysis, Truth in Accounting ranked Irvine as the most fiscally healthy large city in the United States.

You can read the Truth in Accounting report, “The Fiscal States of the Cities,” here

The Truth in Accounting report comes at a crucial time as the City of Irvine begins to apply several increases in fiscal responsibility and government transparency that I strongly urged and supported — a two-year budget in the context of a comprehensive five-year financial plan and an Irvine Sunshine Ordinance that expands review time of all regular agenda items to 12 days.

Recently, in addition to the No. 1 ranking from Truth in Accounting, the City of Irvine has been awarded national and state awards this year for its budget team: The Distinguished Budget Presentation Award by the Government Finance Officers Association of the United States and Canada represents the highest form of recognition in government budgeting for a municipal entity, and the Excellence Award for Fiscal Year 2018-19 Operating Budget was presented to Irvine by the California Society of Municipal Finance Officers.

Irvine is used to winning awards for fiscal responsibility and transparency. We were also ranked No. 1 by Truth in Accounting in 2018.

Also last year, the City of Irvine received the Certificate of Achievement for Excellence in Financial Reporting for the Comprehensive Annual Financial Report from the Government Finance Officers Association , as well as two other prestigious awards: The GFOA Distinguished Budget Presentation Award representing the City’s commitment in meeting the highest principles of governmental budgeting, and the California Society of Municipal Finance Officers Award for Excellence in Operational Budget.

In addition, I received the Orange County Taxpayers Watchdog Award from Orange County Auditor-Controller Eric H. Woollery in 2017, along with Mayor Don Wagner and Councilmember Christina Shea.

I am extremely proud of these awards. But much more important to me is the fact that our City is truly serving its residents with fiscal responsibility and transparency.

I ran for City Council on a platform of using my skills as a business attorney to safeguard every public dollar, and I have kept that promise by making sure that Irvine is financially transparent and doesn’t spend more than it can afford.

I have made it my mission to make our City’s budget truly transparent and free from any obfuscations or accounting tricks.

These awards reflect the commitment that I’ve made to the taxpayers and residents of Irvine, and to the principles of government transparency and fiscal responsibility.

Government transparency and fiscal responsibility should be neither a conservative nor a liberal idea, but appeal to both, as we strive to address increasing social needs with limited resources.

 

City of Irvine Wins National Awards for Budgeting and Fiscal Transparency!

I am proud to announce that the City of Irvine has been awarded the Distinguished Budget Presentation Award by the Government Finance Officers Association of the United States and Canada (GFOA).

The award is the highest form of recognition in government budgeting for a city.

It is a significant achievement by the City of the Irvine. The award reflects the commitment of the Irvine City Council, our City Manager, and City staff to meeting the highest principles of governmental budgeting.

In order to receive the budget award, the City had to satisfy nationally recognized guidelines for effective budget presentation. These guidelines are designed to assess how well an entity’s budget serves as: a policy document, a financial plan, an operations guide, and a communications device. Budget documents must be rated “proficient” in all four categories, and the 14 mandatory criteria within those categories, to receive the award.

In addition, the City received the Excellence Award for Fiscal Year 2018-19 Operating Budget from the California Society of Municipal Finance Officers.

There are more than 1,600 participants in the Budget Awards Program. The most recent Budget Award recipients, along with their corresponding budget documents, are posted quarterly on GFOA’s website. Award recipients have pioneered efforts to improve the quality of budgeting and provide an excellent example for other governments throughout North America.

These awards come at a crucial time as the City of Irvine begins to apply several increases in fiscal responsibility and government transparency that I strongly urged and supported — a two-year budget in the context of a comprehensive five-year financial plan and an Irvine Sunshine Ordinance that expands review time of all regular agenda items to 12 days.

Last year, the City of Irvine received the Certificate of Achievement for Excellence in Financial Reporting for the Comprehensive Annual Financial Report from the Government Finance Officers Association , as well as two other prestigious awards: The GFOA Distinguished Budget Presentation Award representing the City’s commitment in meeting the highest principles of governmental budgeting, and the California Society of Municipal Finance Officers Award for Excellence in Operational Budget.

I also received the Orange County Taxpayers Watchdog Award from Orange County Auditor-Controller Eric H. Woollery, along with Mayor Don Wagner and Councilmember Christina Shea.

As a member of the Irvine City Council, I am extremely proud of these awards. But much more important to me is the fact that our City is truly serving its residents with fiscal responsibility and transparency.

I ran for City Council on a platform of using my skills as a business attorney to safeguard every public dollar, and I have kept that promise by making sure that Irvine is financially transparent and doesn’t spend more than it can afford.

These awards reflect the commitment that I and my colleagues on the Irvine City Council, as well as our Finance Commissioners and our professional City staff, have made to the taxpayers and residents of Irvine, and to the principles of government transparency and fiscal responsibility.

Government transparency and fiscal responsibility should be neither a conservative nor a liberal idea, but appeal to both, as we strive to address increasing social needs with limited resources.