Urban Futures, Inc. (UFI) has been engaged by the City of Beaumont for financial advisory services and budget development. Beaumont recently experienced controversy surrounding former senior level management. UFI was brought in to increase transparency with regard to the City’s financial matters.
UFI will conduct a review of the City’s current financial state and make recommendations to address financial issues identified in the review process. UFI will also assist the City in preparation of the 2015-2016 budget. The goal for the budget process is to develop a budget that is legal, ethical and defensible, but will also provide Beaumont with a plan for fiscal sustainability into the future. The budget should be adopted by August.
Beaumont Mayor Brenda Knight commented on the UFI engagement, “Based on recent audit reports and staff turnover that was responsible for the City budget, the City Council determined that a fresh set of eyes, a new financial advisory team would help in developing a budget for the Council to review. They will also assist the Council and City Manager in aggressively addressing any financial issues they document in their review.”
UFI CEO Mike Busch and Bob Deis, Senior Consultant for Public Management Group attended the June 15, 2015 Special Meeting of the City Council where the engagement was formalized. Mike Busch commented, “Beaumont is working through some internal difficulties and we are happy to act as a neutral third party advisor. Our work in San Bernardino and other challenged cities has positioned us as the go to firm for this type of work.”
To view UFI presentation, please visit www.BeaumontCares.com.
Urban Futures, Inc. has been providing services to local governmental agencies for over 43 years. Operating as five divisions – UFI Public Management Group, UFI Public Finance Group, UFI Economic Development Group, Analytics and Compliance Group and Isom Advisors – UFI offers clients a growing portfolio of services and industry expertise that might otherwise be out of reach. Over 300 public agencies have benefited from partnering with UFI. UFI is based in Orange, CA with offices in Walnut Creek and Bakersfield. Visit their website at www.urbanfuturesinc.com or call (714) 283-9334.