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FINAL Indian Wells

April 15 2015
by

Imprezzing Design

on 21 February 2016

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Transcript of FINAL Indian Wells

Year in Review
The Road Ahead
City Council Updates
Q & A

Council Member
Richard Balocco
Visitors make up 96%
of sales tax revenue
Tourism $$ more
critical than ever
Year two of McEnroe Challenge for Charity
Over 5,000 complimentary tickets
given to Indian Wells residents
Please ask
City Council Updates
LOSS OF REDEVELOPMENT
Redevelopment eliminated 2012 loss of 3.5 Mill annually for City's operations
FINANCIALS
GENERAL FUND
With RDA $ 15,926.346
GENERAL FUND
Without RDA $ 12,479,425
GENERAL FUND forecasts
Council Member
Ted Mertens
CRIME RATES
Most crime rates going down
PUBLIC SAFETY
TRAFFIC
Total incidents for 2014
Council Member
Douglas H. Hanson
NEW DEVELOPMENT
Key strategy for keeping financial conditions strong
DEVELOPMENT
CITY'S VACANT PROPERTIES
BRIXTON PROPERTY
UNDER CONSIDERATION
Renaissance Indian Wells villa & waterpark
UNDER CONSIDERATION
Stadium 3
Mayor Pro Tem
Dana Reed
BNP PARIBAS OPEN
Top standard tournament
TENNIS & TOURISM
TOURNAMENT AWARDS
INDIAN WELLS VISITORS
Measures to increase tourism
TOT (Transient Occupancy Tax)
2014 ATP World Tour Masters 1000 Tournament of the Year
2014 WTA Premier Mandatory Tournament of the Year
Convention and Visitor Bureau (CVB) 2015:
Total collisions
Injury collisions
DUI arrests
Citations issued
135
49
38
897
Mayor
Ty Peabody
INDIAN WELLS GOLF RESORT
YTD Financials
INDIAN WELLS GOLF RESORT
GOLF RESORT NET SURPLUS
NET INCOME/LOSS COMPARISON
PAVILION BOOKINGS
92 additional events from Jan 2014 (future events included)

FOGELESON PROPERTY

MOUNTAIN VIEW & IW CROSSING

VACANT LAND OPPORTUNITIES
Destination Development Plan
Visitor Intercept Study
Golf Economic Impact Study
Indian Wells - Target Visitor Report
2010
2014
4.3 Mil
6.6 Mil
Increase in gross sales by hotels
+ 5.3 %
TOTAL CASH BALANCE
$ 53.4 Million as of March 1st 2015
Joe Williams
Council Member
Richard Balocco
Mayor Pro Tem
Dana Reed
2015 BNP Paribas Open
New record attendance: + 450,000
Over 2.4 Million Revenue to City through Admissions Tax
Community Activities: 17 resident events
Patio Parties | Lectures | Art Museum Tour | Day at Polo
Resident's Day @ BNP | Veterans Day | Golf Tournament
WildLights
Mardi Gras
Sunnylands
Inaugural Modernism Tour
Indian Wells Tennis Garden
Wins USTA 2014 Featured Facility Award
Indian Wells Golf Resort
Pavilion open 1 year: 1.3 million additional revenue
Course of the year 2014
Awarded by California Golf Course Owners Association
2014 Golf Professional of the Year
Strong year for resorts
6 Million in Transient Occupancy Tax (TOT)
to City's General Fund
Virtual Town Hall
Launched by City Hall
Vacation Rentals ~ Hwy 111 / Cook Monument ~ Strategic Planning
Water Conservation Measures
Measures & Numbers
City reduced potable water use by 80 % (exceeding Governor's mandate by over 55%)
City works with HOA's to install water efficient devices
IW Lane fountains and Hwy 111 use non potable water
Recovered over $100.000 from CVWD for water savings measures
Enhancements continue on Hwy 111
All water used is reclaimed (non-potable)
from Mid-Valley pipeline
New City Counsel Members
2 new members installed in 2014
RECREATION
Community
Activities
ADMINISTRATION
2014 Year in Review
Tennis
Resorts
Golf
Town Hall
Water
Counsel Members
Hwy 111
City contributed over 3 Million in last 3 fiscal years
The Road Ahead
FINANCIAL
Revenue maintained in excess of expenses last 3 fiscal years
13.8 Mil

15.2 Mil

Expenses
Revenue
CAPITAL RESERVES
STRATEGIC PLANNING
Create a 10 year financial strategy
See complete goal list on City's website: www.cityofindianwells.org
Encourage and expand economic development opportunities
Full transcript