I am pleased to provide this information as part of our Annual Report for Fiscal Year 15/16. It continues to be an honor and a privilege to serve this great community as your City Manager.
The City of Foster City Annual Report for Fiscal Year 15/16 chronicles a year of hard work and success of a municipal corporation of city employees who provide the highest quality of service to the citizens of Foster City and excellence in all we do.
In FY 15/16, we have maintained a financially strong municipality, while providing top quality public service to the community. The City Council received and authorized a balanced budget with healthy reserves in all operating funds.
The City continues to invest and improve its infrastructure and park system through a robust Capital Improvement Project Program. Our Public Works and Parks and Recreation Departments are managing over 20 CIP projects that will assure a continued quality of life that our residents expect. We have started the process of two of the most important Capital Projects in the history of the City, with the Levee Improvement Project and the joint Wastewater Treatment Plant Project.
Our City Council has adopted a focused mission and vision statement with clear policy priorities that will position our community for a successful economic development strategy, open discussions on land use, addressing regional traffic and transportation issues, continuing to upgrade and maintain aging infrastructure, ongoing dialogue with the school district on quality schools, and encouraging citizen engagement on a daily basis.
Public safety is always a top priority in Foster City. We highly respect and appreciate the work of our police officers and firefighters. Maintaining a healthy balance among public safety services and all other important City services is a responsibility that is reflected in a well-balanced operational city budget.
The City was also pleased to host its first Business Roundtable to discuss economic development goals with the business community. The meeting marked the initiation of an ongoing conversation about the strategies, policies, and programs we need to put in place for our future economic health. We will be working with the City Council Ad Hoc Subcommittee and the community to develop a comprehensive Economic Development Plan over the next several months.
Lastly, I am also pleased to share that our Executive Team of Department Heads refined and refreshed our team's guiding principles that represent who we are as a City organization: professional, ethical, and the driving force behind our success as a public service team. As stated in the guiding principles, "The employees of the City of Foster City are dedicated to providing excellent service to our community in a positive and caring manner."
We have had a "Championship Season" and I would like to express my sincere appreciation to the Mayor and Members of the City Council, City Staff and the community for your leadership and support. Thank you for your commitment to creating a dynamic, diverse, and beautiful community in Foster City.