Mandeville News

 𝐀 𝐋𝐞𝐭𝐭𝐞𝐫 𝐭𝐨 𝐭𝐡𝐞 𝐌𝐚𝐧𝐝𝐞𝐯𝐢𝐥𝐥𝐞 𝐆𝐨𝐯𝐞𝐫𝐧𝐦𝐞𝐧𝐭 - 𝐆𝐥𝐞𝐧 𝐆𝐫𝐮𝐧𝐲𝐨𝐧 - City Financial Issues After attending the City Council budget workshop meeting on August 11, I am responding to the invitation by Councilman Vogeltanz to provide the Council with my thoughts on the proposed FY26 Operating Budget.  This message is intended to provide both a common understanding and clarification of the industry accepted operating budget terms and feedback on the various vaguely described solution to the General Fund sustainability problem over the next 5 years.  There have been several interactions with a few Council members on the financial analysis that is included below, but this message will expand the awareness level to ALL Council members as well as the Mayor and Finance Director and the public at large.  I  urge the Council members to question the Finance Director on these results of the financial analysis to confirm the accuracy since the...

                                                                                        Sourced  from the  Mandeville Finance Department documentation. The chart above estimates what happens to the General Unrestricted Fund if nothing is done and no capital project spending occurs. In yesterday's budget hearing, Mandeville City Leaders expressed confidence that the city is not facing a financial crisis and indicated that no immediate action is necessary this year but by 2030 the General Fund would be completely depleted.  (The General Fund is unrestricted for any official government spending)  During yesterday's hearing, focused on the capital budget, there was no discussion regarding the capital budget its...