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• Be transparent and honest about the problem <br />• Use a comprehensive approach for all funds <br />• Establish a vision, develop a budget that promotes long <br />term sustainability, implement best practices and utilize a <br />combination of cost reductions and revenue increases. <br />4 <br />• Use a multi-year approach to achieve financial <br />sustainability <br />• Identify core services and focus on funding core <br />services <br />• Provide clear vision and direction from leadership <br />• Engage in a collaborative approach <br />• Prepare a long term financial forecast and plan to <br />achieve stability and sustainability <br />• Focus on funding core services <br />• Identify new ways of delivering city services at lower <br />costs <br />• Identify revenue enhancements <br />• Engage with key stakeholders <br />CITY COUNCIL MINUTES 23 <br />1 OB -23 <br />MAY 1, 2018 <br />