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achieve this) and a forecasted deficit for the next eight years in a "Normal" scenario cannot be prudent financial management nor can such a budget support what is needed in infrastructure development. • This budget does not exhibit conservative fiscal management or proper priority focus in very uncertain r economic times. • Moreover due to what may be aggressive budget assumptions, the greater risks are that the revenue projections will not be achieved, expense levels will not be limited, because for example, the assumption of no rehiring to fill vacant FTE positions in the fire and police departments is not realistic in a growing city, and in the Normal scenario the cumulative deficit is projected to be $27 million. This deficit would dramatically drain the available General Fund of$54 million (including the Rainy Day Fund). Moreover, if the "Recession" scenario were to occur, the projected cumulative deficit of$97 million would deplete the entire General Fund in less than eight years. In addition, if the budget assumptions are wrong, and on top of this you add discretionary capital spending of$10 million to $12 million, you will have a financial catastrophe scenario that will unfold faster than you can blink an eye. • 1 want to be clear on what I see as the infrastructure issues on the east side for the next ten years. They include 1) clean water and capacity for growth addressing all of the City's needs, 2) new roads to accommodate increased traffic in an area that is already congested, and 3) maintaining the level of safety, health and quality of life the Council desires for Pleasanton by insuring adequate access to the east area by City services such as police and fire, and which makes Pleasanton so appealing to all of those people who desire to move here. • Major infrastructure developments should be planned and methodically taken care before, not after each development is completed. Handling one development at a time in a piecemeal approach only invites disaster. These critical aspects should not be Ignored in the budget. • In spite of my concerns, I know you and the majority of the Council will approve the budget at the next Council meeting. My goal is to make you aware if you are not already, of what such a tight budget with projected deficits, can lead to. Recommendations/Requests: • Please address my questions: 1) do you have a contingency plan in place now to address operating and capital budget shortfalls, and lack of sufficient funding, 2) do you have a plan in place now that envisions what to do with the East Pleasanton area critical infrastructure development in advance of any other individual developments, and 3) would you please explain these plans to residents so we know things are under control and we do not have to worry because the Council and City management have anticipated and know what actions to take to avert financial shortcomings if the planned budget is not achieved? • Since AL is on the border of Pleasanton, annex the AL site and acreage beyond so that the development projects anticipated will meet the standards and requirements the Council has committed to meet, and that will protect Pleasanton residents at The Village. • Resurrect an East side plan type of approach, similar to what you are doing in other parts of the City, and incorporate this approach into the City's two year budget cycle and four year capital planning cycle. Thank you for considering my recommendations and requests. Sincerely, Ted Fong A.M. Resident 2