Bill Peduto's slide presentation on city finances in April 2011. Presented within this blog posting. http://reformpittsburghnow.com/2011/04/12/pittsburgh%E2%80%99s-financial-future-part-ii/comment-page-1/#comment-578

1. City Finance Update Pittsburgh’s Financial Future April 12, 2011 Post Agenda Councilman William Peduto, Finance Chair

3. 2011 - 2017 Budgets 56,589,642 53,366,012 48,111,452 43,010,158 38,516,932 35,091,661 37,741,774 ENDING FUND BALANCE - - - - (12,076,000) Reserve Fund Balance Transfer - - - - - - - Transfer to PAYGO 53,366,012 48,111,452 43,010,158 38,516,932 35,091,661 37,741,774 44,795,746 BEGINNING FUND BALANCE 3,223,630 5,254,560 5,101,294 4,493,226 3,425,271 (2,650,113) 5,022,028 OPERATING RESULT 499,869,750 491,627,790 485,646,706 476,510,774 470,320,829 466,411,213 450,087,572 EXPENDITURES 503,093,379 496,882,350 490,748,000 481,004,000 473,746,100 463,761,100 443,033,600 REVENUES 2017 2016 2015 2014 2013 2012 2011

5. Revenues vs Expenditures

6. Pension Total to Pension Funding 2010-2017 $586 Million *MMO increases biennially estimated, Employee Contributions annually taken from PMRS, Additional Contribution increases– assumption are estimates and are not actuarial certified $ 82,942,976 $ 11,153,176 $ 5,000,000 $ 13,376,000 $ 53,413,800 2016-2017 $ 80,395,609 $ 10,863,609 $ 5,000,000 $ 13,376,000 $ 51,156,000 2015 $ 80,098,287 $ 10,566,287 $ 5,000,000 $ 13,376,000 $ 51,156,000 2014 $ 77,355,332 $ 10,259,332 $ 5,000,000 $ 13,376,000 $ 48,720,000 2013 $ 77,012,846 $ 9,916,846 $ 5,000,000 $ 13,376,000 $ 48,720,000 2012 $ 72,967,713 $ 9,591,713 $ 3,600,000 $ 13,376,000 $ 46,400,000 2011 $ 115,576,000 $ 9,200,000 $ 48,000,000 $ 13,376,000 $ 45,000,000 2010 Total Revenue Into Fund Employee Contributions Additional Parking Tax Dedication MMO YEAR

7. Pension & Debt

10. Debt Service

11. Debt Cliff – Available Funds

12. Sample Debt Service The City of Pittsburgh General Obligation Bonds, Series of 2008 Series 2006C Debt Service Projection Annual Date Principal Coupon Interest Debt Service Debt Service 3/1/2009 1,254,675.00 1,254,675.00 9/1/2009 1,254,675.00 1,254,675.00 2,509,350.00 3/1/2010 1,254,675.00 1,254,675.00 9/1/2010 1,254,675.00 1,254,675.00 2,509,350.00 3/1/2011 1,254,675.00 1,254,675.00 9/1/2011 1,254,675.00 1,254,675.00 2,509,350.00 3/1/2012 1,254,675.00 1,254,675.00 9/1/2012 1,254,675.00 1,254,675.00 2,509,350.00 3/1/2013 1,254,675.00 1,254,675.00 9/1/2013 1,254,675.00 1,254,675.00 2,509,350.00 3/1/2014 1,254,675.00 1,254,675.00 9/1/2014 5,000.00 4.250% 1,254,675.00 1,259,675.00 2,514,350.00 3/1/2015 1,254,568.75 1,254,568.75 9/1/2015 5,000.00 4.250% 1,254,568.75 1,259,568.75 2,514,137.50 3/1/2016 1,254,462.50 1,254,462.50 9/1/2016 5,000.00 4.250% 1,254,462.50 1,259,462.50 2,513,925.00 3/1/2017 1,254,356.25 1,254,356.25 9/1/2017 11,905,000.00 5.250% 1,254,356.25 13,159,356.25 14,413,712.50 3/1/2018 941,850.00 941,850.00 9/1/2018 35,880,000.00 5.250% 941,850.00 36,821,850.00 37,763,700.00 3/1/2019 0.00 0.00 9/1/2019 0.00 0.00 0.00 3/1/2020 0.00 0.00 9/1/2020 0.00 0.00 0.00 3/1/2021 0.00 0.00 9/1/2021 0.00 0.00 0.00 3/1/2022 0.00 0.00 9/1/2022 0.00 0.00 0.00 3/1/2023 0.00 0.00 9/1/2023 0.00 0.00 0.00 3/1/2024 0.00 0.00 9/1/2024 0.00 0.00 0.00 3/1/2025 0.00 0.00 9/1/2025 0.00 0.00 0.00 3/1/2026 0.00 0.00 9/1/2026 0.00 0.00 0.00 Total 47,800,000.00 24,466,575.00 72,266,575.00 72,266,575.00