Mayor Timothy M. Keller
INTER-OFFICE MEMORANDUM February 12, 2020
TO: Pat Davis, President, City Council
FROM: Timothy M. Keller, Mayor
SUBJECT:
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Submission of the Five-Year Forecast
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Attached please find the City of Albuquerque Five-Year Forecast. The Five-Year Forecast estimates future revenues and expenditures for the General Fund and subsidized funds for the current fiscal year and for fiscal years 2020 through 2024. The purpose of the report is to identify key trends in revenues and expenditures and to provide information about the financial challenges and opportunities anticipated over the next few years. I look forward to working with the Council as we create a structurally balanced operating budget for the Fiscal Year 2021 Budget.
Note: The attached forecast was compiled prior to the COVID-19 pandemic and does not reflect the economic impacts associated with this public health emergency.
EXECUTIVE COMMUNICATION FOR THE Submission of the Five-Year Forecast
Approved:
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Sarita Nair Date
Chief Administrative Officer
Recommended:
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Sanjay Bhakta Date
Chief Financial Officer
Recommended:
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Renée Martinez Date
DFAS Office of Management and Budget
Recommended:
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Lawrence L. Davis Date
DFAS Office of Management and Budget