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Strategic Goal 4: Budget/Finance <br />1) Develop Long -Term Budget, i.e. 20 Year Focus on: <br />➢ Road Maintenance <br />➢ Park Maintenance <br />➢ Trail Recreation <br />2) Possible Change in Fund Balance Policy <br />3) Town Center Revenue Off -Sets Taxes <br />4) Separate HRA/City General Fund <br />➢ Operations/Expenses — Staffing <br />5) Staffing/Position Analysis <br />Staff Leader: Diana Lund <br />ACTION STEPS <br />TARGET <br />DATES <br />PERSON <br />RESPONSIBLE <br />ACTION STATUS <br />1) Long Term Budget <br />— Present to FC for <br />April 2010 <br />Diana Lund <br />Presented at June 29 work session no time frame set. <br />recommendation on budget <br />Method of financing options to be brought back to work <br />term <br />session in the first quarter of 2011. <br />— Prepare budget based on FC <br />June 2010 <br />Diana, Brian, <br />recommendation <br />Mark <br />—Incorporate in 2011 General <br />June 2010 <br />Diana & All Dept <br />Fund Budget <br />Heads <br />2) Fund Balance Policy <br />— Fund Analysis <br />June 2010 <br />Diana Lund <br />Fund Balance Policy was amended in April 2010. <br />—Initiate in 2011 Budget <br />June 2010 <br />Diana Lund <br />Process <br />$603,000 from amending policy from 60% to 50% was <br />— Consider Policy Amendment <br />July 2010 <br />Diana Lund <br />moved from General Fund to PIR fund for future budget <br />— Bring to FC for Approval <br />Aug 2010 <br />Diana Lund <br />needs. <br />— Incorporate amendment in <br />December <br />Diana Lund <br />final 2011 Budget <br />2010 <br />None of the $603,000 was incorporated in the 2011 budget. <br />I:\AGENDA COUNCIL & COMMISSION \Council Staff Strategic Planning <br />Sessions\ 2010\ UpdatedStrategicActionPlansl010 \Alldocsincludedupdated1010 (4).docx <br />