POWER POINTS
FEBRUARY 22, 2024
ANNUAL
COMMUNITY
WORKSHOP
2/22/2024
1 2024 COMMUNITY
WORKSHOP
M A P P I N G O U R
T O M O R R O W
AGENDA
• Introduction
• Call to Order
• Pledge of Allegiance
• Fiscal Year Re-cap
• Finance Update
• Strategic Plan Introduction
• Mission Statement/Sacred Values
• Break
• Strategic Plan Focus Points
• Highlights of Strategic Plan
• Breakout Discussions
• Report Out • Closing
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2 FISCAL YEAR RE-CAP VIDEO
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3 FINANCE UPDATE
FY 2023/24 GENERAL FUND
ADOPTED BUDGET
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4 2023/24 BUDGET SUMMARY
REVENUE & EXPENDITURE
HISTORY
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5 FINANCIAL HIGHLIGHTS • Adopted balanced budget for Fiscal Year 2023/24 • Achieved financial stability with two-year surplus, strong performance of Measure G sales tax revenue
• Awarded the Certificate of Achievement for Excellence in Financial Reporting by the Government Finance Officers Association for the past 26 years
• Managed the City’s Investment Portfolio achieving the key performance matrix of Safety, Liquidity, and Yield
• Monitored and proactively addressed long-term pension obligations
• Maintained strong reserve levels, fully funded to policy targets
STRATEGIC PLAN PURPOSE
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6 MISSION STATEMENT
The City of La Quinta, known
as the “Gem of the Desert,”
provides an unparalleled
quality of life centered on
healthy living, public safety,
first-class public amenities,
exceptional customer service,
and world-class events for
everyone.
CURRENT SACRED VALUES
• Health & Wellness
• High Quality of Aesthetics
• Vibrant & Safe Community
• Visually Beautiful City
• Cultural Diversity
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7 PROPOSED SACRED VALUES • Fiscal Sustainability: In La Quinta we prioritize financial management to ensure the well-being of our community. We are committed to conservative spending practices, and providing high quality services and amenities. This proactive approach reflects our dedication to safeguarding the stability and resilience of our City. • Health & Wellness - La Quinta is a place to escape the hustle and bustle of everyday life. Here, anyone can unplug and experience nature, and a legacy of luxury with countless breathtaking views, community parks, and spa retreats. It’s no wonder La Quinta is called the “Gem of the Desert.”
PROPOSED SACRED VALUES • Vibrant & Safe Community: There’s something different about La Quinta - something special. Spend enough time here and you’ll see why. It’s the people. Here we care and uplift one another because we are a community dedicated to supporting the safety and prosperity of all. • Cultural Diversity: In La Quinta, we are committed to making meaningful connections - we celebrate our differences and promote safety and inclusivity. • Visually Beautiful City - Surrounded by some of the country’s most beautiful natural landscapes and historic landmarks, La Quinta is a destination defined by its beauty - inside and out. Whether it’s our local art, unique parks, or our striking mountainscapes, La Quinta shines brightly.
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8 10 MINUTE BREAK
STRATEGIC PLAN
F O C U S P O I N T S • Implement The Re-envisioned Highway 111 Plan • Address IID Lease Expiration, Equipment Needs
• Underground Utilities
• Exemplary Public Safety
• Marketing & Tourism
• Broaden Community Involvement • Continue to Address Affordable Housing Needs • Expansion of La Quinta’s Boundaries
• Expand Art in Public Places
• Preserve La Quinta’s History
• Enhance Health/Wellness & Recreation Amenities
• Economic Development
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9 An agreement between IID and
CVWD expires in 2032. Stakeholders,
including La Quinta, are exploring
options for continued electrical
service if that is no longer IID, and
aging equipment upgrades and
replacement.
ADDRESS IID
L E A S E E X P I R A T I O N ,
E Q U I P M E N T N E E D S
The City is exploring the feasibility of
undergrounding utility cables,
something residents and officials
have long wanted to see get done.
UNDERGROUNDING
UTILITIES
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10 The City is challenged with keeping
this vital area, which generates
about 75% of annual sales tax
revenues, thriving at a time when
internet sales are growing. Potential
Budget: $1 million allocated
annually; about $5 million allocated
to date November 2023.
IMPLEMENT
THE REENVISIONED
HIGHWAY 111 PLAN
La Quinta has a high business
retention rate largely due to the
City’s commitment to making it as
simple as possible for businesses to
open in LQ and helping them thrive.
ECONOMIC
DEVELOPMENT
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11 The City is studying the feasibility of
expanding La Quinta’s boundaries
and/or annexing its Sphere of
Influence.
EXPANSION
OF LA QUINTA’S
BOUNDARIES
BREAKOUT DISCUSSION
We want to hear from you!
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12 BREAKOUT DISCUSSION
REPORT OUT
PUBLIC COMMENT
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13 CLOSING REMARKS
THANK YOU FOR JOINING US!
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