Upland’s Economy Has Improved!

Carol’s main goal running for council  in 2014 was to protect Upland from bankruptcy. That was accomplished! Recently the outside auditor, Farr and Associates wrote “The city of Upland is showing signs that the city has been able to cut costs and operate more efficiently, positive signs Upland’s economy is improving”. The city adopted a balanced operation budget for this fiscal year and controls are in place to keep spending at those budgeted amounts. The council made very good decisions this year to save money with the Fire Annexation with savings of 3.3 million already this year.” This will save the city five million dollars per year in the future. Former San Bernardino County City Manager Gregory C. Devereaux, stated, “This is the best City Council (in Upland) we have had in years.”

The Upland General Fund—at one point in time– was well below one million dollars. Currently in 2018, it is over fifteen million dollars. Our CALPERS liability was lowered with our switching out of CALPERS medical and putting aside 5 million dollars to cover our CALPERS and OBEP liability. We’ve reorganized staff and management positions, created new revenue streams by renting out our underused city assets, and begun converting the Metrolink lot to paid parking—cumulatively saving or generating hundreds of thousands of dollars annually.

This year an outside auditor wrote, “The city of Upland is showing signs that the city has been able to cut costs and operate more efficiently, positive signs Upland’s economy is improving. The city has adopted a balanced operation budget for this fiscal year and controls are in place to keep spending at those budgeted amounts. The council made very good decisions this year to save money with the Fire Annexation with savings of 3.3 million already this year.” This will save the city five million dollars per year in the future.

Carol highlights the City of Upland’s financial stability:
• Our General fund Reserves – in 2013-was WELL below one million dollars. Currently, in 2018, it has been over 17 1/2 % of our General Fund and has grown progressively every year since I have been on the city council.
• The CALPERS liabilities were reduced by setting aside $5.8 million in a specially designated fund. The OPEB liabilities (other post-employment benefits) were reduced significantly by leaving CALPERS medical and we made changes to employee and retiree health care plans, setting aside $1 million for these future costs.
* Between our General Fund Savings and the savings for our CALPERS and OPEB, we have 12.8 million dollars in these accounts, back from a very small amount of savings when I came on the council.
• We’ve reorganized staff and management positions, created new revenue streams by renting out our underused city assets, and begun converting the Metrolink lot to paid parking—cumulatively saving or generating hundreds of thousands of dollars annually.

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