This report was posted on LAFCO's Website in on nearly unusable PDF files see http://lalafco.co.la.ca.us/Draft%20CFA%20SFV.pdf We have started to convert them to usable internet files (HTML) The Executive Summary was in nearly unreadable file without an index. See http://lalafco.co.la.ca.us/Executive%20Summary%20SFV.htm
We have converted the Executive summary and sections 1 to 6 to usable internet files (HTML) so the public can read the files in preparation to the public hearings. This has taken over 100 hours of time. LAFCO has failed to provide it in a usable form to convert the tables in the PDF to tables . Until they provide it in a usable form the Appendix sections are only readable in their PDF form and cant be copied or used in a spread sheet form.
Prepared by Public Financial Management, Inc.
Table of Contents
Executive Summary
Purpose and Findings of the Study
Findings of the Draft Comprehensive Fiscal
Analysis
Key Assumptions Used in Report
Financial Viability of the Valley City
Additional Costs for Valley City
Financial
Assessment of New City
Additional Revenues Exceed Costs
Risk Factors
Fiscal Impact on City of Los Angeles
Additional City of Los Angeles Costs
Applicant's Final Proposal
City
of Los Angeles Response
1. Purpose and Findings of the Study.
Findings of the Draft Comprehensive Fiscal Analysis
Key Assumptions Used in Report.
Financial Viability of the Valley City
Revenue Neutrality
Impact on Adequacy of Service
2. Applicant's Final Proposal
Summary and Analysis of the Proposal
Transition Period
Payment for Services
Post Transition Period Services
Proprietary Departments and Regional Services
Municipal Revenues
Assets and Liabilities
Personnel
Mitigation Payment
Conclusions and Recommendations
3. City of Los Angeles Response
Summary and Analysis of City Response
Revenue Neutrality
Fiscal Viability
Division of the City of Los Angeles Debt
Employee Relations Issues
Information Technology
Apportionment of Non-Debt Liabilities
Apportionment of Assets
Contracting for Service with the City of Los Angeles
Regional or Joint Governance
Compliance with Accounting and Auditing Standards
Cash Flow
Response to LAFCO Revenue Analysis
Conclusions and Recommendations
4. Service Alternatives for the Valley
City Provides All Services on Purchase of Service Basis
LAFCO Develops Transition Plan
Conclusions and Recommendations
5. Financial Viability of New City
Budget Summary
Valley City Costs
Personnel Costs
Non-Departmental Costs
Purchase of Service Agreement
Special Election Costs
Valley City Revenue
Estimated Share of Existing City Revenue
Additional State Revenue Available to Valley City
Financial Assessment of New City
Additional Revenues Exceed Costs
Risk Factors
6. Fiscal Impact on City of Los Angeles
Assessment of Revenue Neutrality
Additional City of Los Angeles Costs
Service Agreement Administration Costs
Redistricting Costs to the City of Los Angeles
Election Costs to the City of Los Angeles
Appendix I: Cost of Purchased Services
Appendix II: Allocation of FY00-01 Budget
Appendix III: Valley City Budget Detail
To index
To LAFCO CFA main index
ValleyVote LAFCO Documents page