Oro Valley
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Newsletter August 2018
Town closes out Fiscal Year 17-18 with surplus and strong financial health The Town of Oro Valley’s financial health continues to be strong, as we expect to close out the 2017-18 fiscal year with an estimated $2.6 million surplus from fiscally responsible spending and strong sales tax collections due to a local economy that continues to improve both at the state and local level. These surplus funds will be deposited into the Town’s capital fund savings account for future planned projects.
ORO VALLEY MAYOR & COUNCIL
Major capital projects were completed on-time and under budget, including Lambert Lane widening and safety improvements, two additional multi-sport fields and lighting at Naranja Park, several Water Utility well upgrades and much more.
Dr. Satish I. Hiremath, Mayor
The Town of Oro Valley has ended every fiscal year “in the black” for the past six years, with revenues meeting or exceeding expenses. In addition, the Town retains a very healthy 28.5 percent general fund reserve balance, a fund that has consistently been maintained at or above the Town Council policy of 25 percent minimum.
Lou Waters, Vice Mayor Joe Hornat, Councilmember Rhonda Piña, Councilmember
To learn more about the Town’s budget and financial health, be sure to visit our FY 2018-19 budget information page at www.orovalleyaz.gov.
Bill Rodman, Councilmember
What’s next for the Oro Valley Community Center?
Mary Snider, Councilmember
The following is an excerpt from an article by Town Manager Mary Jacobs, originally published in the Explorer Newspaper on June 27, 2018.
Steve Solomon, Councilmember For Mayor and Councilmembers, call: (520) 229-4700 council@orovalleyaz.gov Town Manager Mary Jacobs (520) 229-4725 mjacobs@orovalleyaz.gov Photo banner: Oro Valley Community Center, Oro Valley Town Hall, Teen Dive-In Movie, DisposeA-Med, Second Saturdays. Copyright 2018 by the Town of Oro Valley. All rights reserved.
Access more Oro Valley news, events and activities at our website:
www.orovalleyaz.gov
After three years of operation and a fund that is projected to break even this fiscal year, the Town has developed a strategy to renovate and reconfigure functions at the Community Center to broaden programming and expand access of the facility to residents. Food and beverage operations will be relocated downstairs, where a “fast casual” venue will be created to enable diners and facility users to take advantage of beautiful views and great weather on an expanded outdoor patio that will feature a small stage, awnings and new landscaping. Wellness and fitness areas will be expanded, with an additional classroom to accommodate the very popular group fitness classes and other recreational programs. A community room will provide places for clubs and informal groups to meet, socialize and play games. The two 18-hole golf courses will have irrigation systems replaced, substantial turf reduction, and other minor improvements, which will result in significant water and operational savings. With a total price tag of $6 million over three fiscal years, these investments will lead to the Community Center fund generating a positive surplus of nearly $500,000 within a year following completion. Architectural design will begin shortly, and construction is expected to begin in the spring of 2019, with completion of the building renovations by the end of 2019. Golf course renovations will be made in the summers of 2019 and 2020.