“GAYNE BRENNEMAN
”Four years ago, I signed on, to the PVrrg website, as supporting and adhering to their (and PVE) 6 pillars of Good Government. I stood for them, then, and I stand for them now. My answers haven’t changed. Read the following.

. Financial responsibility

The City Council, works with the independent auditors, the Financial Advisory Committee (FAC) and the City Treasurer to ensure:

• All applicable accounting standards promulgated by the Government Accounting Standards Board (GASB) are correctly and consistently followed.

• An effective system of internal financial controls (IFC) is developed, implemented and enforced. The IFC system is independently audited and updated at least annually.

• A long-term financial plan (LTFP), is developed to forecast income and expenses, (both operating and capital), over a 10-year time horizon. The LTFP is updated annually or more often if there are significant changes in circumstances due to economic, legal/regulatory, environmental, political or other events. (Slightly reworded.)

• The LTFP is required to address repayment of City employee pension and healthcare obligations as well as any other current or anticipated long-term liabilities. The LTFP is also required to set goals for funds to be held in reserves for future and/or unanticipated needs.

• The LTFP serves as a basis for the annual budget; variances from budget are analyzed and reported on each month. This report is made available to the public.

• The CG strives to hold annual expenses, including depreciation, to less than revenues plus a pre-determined (per the LTFP) reserve contribution.

• An ongoing, cyclical, operations review program, e.g., the Toyota Kaizen model, is in place to identify opportunities for waste reduction and cost savings; these cost savings are implemented wherever feasible.

• All expenditures for goods or services in excess of a minimum threshold (e.g., $25,000), are subject to a documented, competitive bidding process.

• An annual financial calendar of all significant due dates (financial plan, budget, audit, FAC meetings, etc.) is developed, published on the PVE website and updated promptly for any changes. “”

“SANFORD DAVIDSON (incumbent)
(Councilmember Davidson declined to supply answers to any of the questions posed)”

“DAWN MURDOCK
”I firmly believe that any action that would commit the City and its residents to incurring a significant debt or financial commitment needs to be approved by voters using the same metric used for bond debt which is 66% voter approval.

I pledge to you that, if elected, I will not use any techniques that bypass voter approval for multi-million-dollar debt. This includes, but is not limited to, pension bonds, public-private partnerships, certificates of participation, and CPA liabilities. “”

“JIM ROOS
”I support keeping our PVE Police Department.

I do not support the issuance of Pension Obligation Bonds, the use of Certificates of Participation, or PPPs that would disadvantage our City in the long-term.

I am a supporter of clean energy and my own home is equipped with solar panels, but I believe residents have adequate options for securing renewable energy without the City’s participation in CPA.””

“BILL SEWELL
”I have personal experience working on three P3s, serving as Program Director for SoCal Edison’s Energy Efficiency Program, and outsourcing a 200 person staff. By statute, any tax must be approved by the voters. Non-tax issue decisions, such as pension obligation bonds or P3 leasing decisions, are at the discretion of the Council. However, money issues need to be fully vetted by the voters. This means voters should approve or disapprove, by referendum, any issue that involves a long-term money obligation. Prior to a vote on the referendum it is important that the Council educate the public as to the pros and cons of the issue. For example, before approving a CCA for PV Estates, the public needed to be aware that the City will be obligated to long-term power contracts. In a P3, the City will be obligated to certain lease costs for 30 years or more while still being responsible for maintenance. In my experience with P3’s there are many other issues that the City and the voters need to be aware of and final approval should be up to the voters.

Some candidates in this election have proposed a pension obligation bond and have said they support approval by City Council without putting it before the voters. This action would obligate the City for $20 million of debt, an entire year’s budget, without any input from the voters. This, in my view, is just plain wrong.””