Analysis and reporting, the twoyear budget cycle, and the timing of the legislative bodies review. We reviewed major trends, particularly in the general fund over the past five years. Our source document for this analysis was the citys comprehensive annual financial report. Because the most recent Financial Statement is dated as of june 30th, 2016, the review period is from 11 12 to 15 16. Since fiscal year 1112, revenues have increased from 3 billion to 5. 8 billion and expenditures have increased from 3. 1 billion to 4. 3 billion. We found these actual operating results have been more favorable than projections. I apologize for this chart. Some of the key got cut off. So the blue bars show budgeted revenues, and the red bars show budgeted expenditures. The green lines show actual revenues, and the purple lines show actual expenditures. What this table shows you is actual Fund Revenues have exceeded general Fund Revenues in each of the five years, and actual general Fund Expenditures
Extended period to get. I call this joint hearing of the power Projection Forces of the House Armed Services committee to order. We are here in honor and memory of the 7 uss fitzgerald sailors, shiancoe douglas, xavia martin, hsubien and the ten uss john s. Mccain sailors. Jacob drake, Timothy Echols, john, cory ingram, abraham lopez, Kenneth Smith and logan palmer. And we are very grateful that today we have miss rachel. Miss echols, we send our deepest sympathies and profound sorrow for your loss and appreciation for your sons service to our nation. I want to welcome members to todays hearing. I want to especially recognize that we have with us the committee chairman, thornberry, part of ongoing efforts to eliminate our military Readiness Challenges and thank him for leadership and being here today to hear about the challenges illuminated by the tragic collisions in the pacific. I also want to have a warm welcome to elizabeth from connecticut and congressman rodney davis from illinoi
I call this joint hearing of the subcommittee of the house of Armed Services committee to order. We are here in honor of memory of the seven uss fitzgerald. Enate sailors and the 10 uss John S Mccain sailors. We are very grateful we have a mother here with us today. We send to you our give his sympathies and profound sorrow for your loss and appreciation for your sons service to our nation. I want to welcome our members to todays hearing. Recognizeespecially that we have with us the committee chairman, donald mac thornberry. He has been the leader of our ongoing efforts to mitigate our military Readiness Challenges and i want to thank him for his leadership and for being here today to hear about the challenges in limited by the tragic collisions in the pacific. To send a warm welcome to congresswoman Elizabeth Este from connecticut and congressman rodney davis from illinois. That ananimous consent member not a member of the committee be a lot to participate in todays hearing after all
Hold two hearings that focus on the two major pillars of our agenda. Tomorrow well hear from the Service Chiefs on repairing and rebuilding our military. Today, however, well concentrate on the other pillar, which is defense reform. Weve done a lot of reform over the past two years. That includes acquisition reform, a new military retirement system, major changes in military health care, commissary reform, a rewrite of the uniform code of military justice as well as significant organizational reform. While a lot has been done, however, a lot more needs to be done. The world around us is simply moving too fast for us to sit still and assume that the organizations and processes of the past will suffice for today and especially for tomorrow. Yes, we all have an obligation to see taxpayer dollars are spent as efficiently and effectively as possible, especially in fulfilling the first job of the federal government which is to defend the country. But we all know from the news and from our In
In illinoisillinois illinois ca tennessee recently testified. Id like to hall kacall the to order and thank our witnesses for joining today. I know its early. The one thing thats certain about us in washington d. C. Is that theres uncertainty around us, so because of other meetings scheduled and planned, we ask for you to come early. And i personally appreciate it. It shows you the interest of our colleagues that theyre here this early. So thats great. No matter how many miles youve first of all, we have folks as far away as alaska and as close as pennsylvania. No matter how many miles youve traveled to be with us, were grateful for the time and financial sacrifice to share your expertise with us today. Even though they did not have send someone to present oral the testimony, i appreciate the Environmental Protection agency providing us with written statement to include in our hearing record. I ask that unanimous consent without objection. So ordered. Im also pleased to announce the ag