Documents

Financial Plan

Print

The Plan requires five individual forecast years beyond the current budget year. The development process requires multi-disciplinary inputs from City staff in order to include all financial factors that are planned or expected. Revenue change expectations are developed for the twenty plus sources of city funding, as well as change and/or increase factors for future expenditures. Capital and street improvement projects for each future year are determined primarily from transportation improvement plans, including actual grant funding already committed and funding which may be available in the future.

The City has become more refined in its approach to forecasting future financial results as each year's Plan has been completed. Confidence, understanding and familiarity with the City's key financial elements has also increased with each year that the City generates actual positive cash flow and successfully accomplishes its financial goals.