PBE looks in financial transparencyDavis Enterprise #2018Welcome_Davis

PBE looks in financial transparencyDavis Enterprise #2018Welcome_Davis

February 12, 2019 0 By NewsTakers

The Davis Progressive Business Exchange will hold its next luncheon meeting from 11:45 a.m. to 1 p.m. Wednesday, Feb. 6, at International House, 10 College Park in Davis.
Featured speakers will be Matt Williams, chair of the city of Davis Finance and Budget Commission, and Bob Fung.
As part of the Commission’s ongoing efforts to better understand and deal with the financial challenges the city faces, Williams and Fung and past FBC Chair, Jeff Miller, built Project Toto, a clear, easy-to-understand computer model that showed the city’s current financial condition.
Following the Project Toto example, in both of its last two Annual Budgets, the City of Davis included a detailed Forecast chapter that displayed realistic projections and scenarios of how current city decisions affect Davis’ financial health over the next 20 years.
In his 2017 State of the City presentation to the Chamber of Commerce, then-Mayor Robb Davis said, “We are not paying for the things that we’ve already purchased, and we are not paying for those things in adequate amounts to make sure they remain for the future.”
The city’s 2018-19 Budget shows that the amount not being paid exceeds $8 million each year for the next 20 years.
Williams and Fung’s presentation will look at that challenge, and discuss ways Davis citizens and the many social organizations in our community can build a community conversation about the future of the now 50-year Vision of Davis as a University Town.
The aim of the community conversation is to increase understanding of our current situation and make the information and conversation more accessible and easier to understand.
The Davis Professional Business Exchange meets for lunch on the first and third Wednesdays at I-House.
RSVPs are appreciated; call Richard Yamagata at 530-848-8634 or email [email protected]

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