3.2 Maintain a long term strategy to mitigate tax rate and user fee spikes.

Strategic Objective

3
Total Actions
0
Planned
3
In Progress
0
Completed
0
Stalled

Actions

Strategic actions under this objective

3.2.1 Develop a long term strategy to stabilize the Unassigned Fund Balance (UFB) and maintain the fund balance policy.
Key Performance Indicators
Review user fees annually in Q3 as part of budget preparation.
Finance to develop a long term strategy to stabilize the UFB by the first quarter of 2025.
Finance
In Progress
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3.2.2 Revise the budget process to focus on strategic objectives.
Key Performance Indicators
Develop the Strategic Plan in 2025 to inform the 2026 Budget Process. Present the 2026 Proposed Budget using the strategic plan format.
Finance
In Progress
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3.2.3 Develop and implement a Fiscal Note policy and program for matters that come before the City Council that impact revenues or appropriations outside of the normal budget process.

Develop a Fiscal Note policy to provide enhanced explanations of budget and what it impacts, while recognizing the cost of staff time to prepare information.

Key Performance Indicators
Implement Fiscal Note policy before the end of Q2 in 2025.
City Manager Finance
In Progress
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