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I • • <br />General Fund Forecast STATUS QUO <br />„sess...pcttsuu9,nnxa'Wwrrmeol#sznj'vzw�*�,tiaurxwM <br />OCPb.11yS AnaRWluuews^ISb9MJ°xWreraet(9aryauea <br />1 <br />$260 - -- <br />$240 -- <br />$220 - - <br />Na.0 <br />$zoo <br />$180 <br />BudgnFY1]-39 Ael minery 6udgN FY 1929 FY 2921 FY 2122 <br />FY 1919 <br />,: l Itl: a9uAs%plus lW M:nlrl�pw <br />•EMtlutla tl:e$9.4MM Me-IIn:e Rav¢nue � nmi.. _..._ 53 <br />GOVERNING PRINCIPLES <br />• Be transparent and honest about the problem <br />• Use a comprehensive approach for all funds <br />• Establish a vision, develop a budget that promotes long term <br />sustainability, implement best practices and utilize a combination of <br />cost reductions and revenue increases. <br />• Use a multi-year approach to achieve financial sustainability <br />• Identify core services and focus on funding core services <br />• Provide clear vision and direction from leadership <br />• Engage in a collaborative approach <br />FRAMEWORK FOR BUDGET BALANCING SOLUTIONS <br />• Prepare a long term financial forecast and plan to achieve stability and <br />sustainability <br />• Focus on funding core services <br />• Identify new ways of delivering city services at lower costs <br />• Identify revenue enhancements <br />• Engage with key stakeholders <br />FIVE-YEAR GENERAL FUND <br />FORECAST -FEB. 2018 <br />9�eoe <br />9ruon <br />fzeoA <br />6now <br />pioo,u <br />freo.o <br />F£0.i:Av9. vnnuaHnaemeo)55.1MJw NenertluuYe^rs <br />C[FA:Aug.nmunllnneoeeoJ$l 9MJv J:enuffovekewa <br />x.aFtlrvnae r.uwmrrve::aw lr wxo-xo Fv m.xv nm�m <br />xe,e <br />�l d d 01 fd1 1 Or Ilmin rvvvvmptlans Lansldont iw 9 <br />I.F Oat l p'em f F SNtly C nna61 E p d Oevelopn f <br />pod Ra n <br />CITY COUNCIL MINUTES 10A- OA -Y6 FEBRUARY 5, 2018 <br />