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• City of Ramsey Memorandum TO: Mayor and City Councilmembers FROM: Noel J. Graczyk, Finance Officer RE: January 14, 1986 Draft of the Long -Term Financial Plan 1986 -1990 DATE: January 14, 1986 Section 7.05.01 of the City of Ramsey Charter, requires that the City Council annually adopt a Long -Term Financial Plan. The enclosed discussion draft of the 1986 -1990 Long -Term Financial Plan is organized into four sections. The Public Service Program outlines current and future operational needs for providing basic government services to the citizens and businesses in the City of Ramsey. The Capital Improvement Program outlines future capital outlay requirements for obtaining facilities, equipment, and improvements that will be needed for providing government services. The Long -Term Revenue Program outlines the available financial resources that may be used to fund the government services as outlined in the Public Service and Capital Improvement Programs. The Operational Capital Summary Program summarizes nes the Public with Service and Capital Improvement Programs and the Long -Term Revenue Program. Attention should be given to the guidelines that were used in developing the current draft of the long -term financial plan: Expenditure growth for current service levels was projected ted at 5 %. This is constructively high compared levels of inflation. New service programs and capital outlay for the years 1987 through 1989 are basicallychanged from the level of service as outlined in the 1985 -1989 Long -Term Financial Plan. Projections for 1990 are based on the prior year level of service. Programs . that were not included as a part of the 1986 adopted - budget but were originally included in the we 6 portion of the 1986 -1990 Long -Term Financial Plan, included in the 1987 portion of the current long -term financial plan. This will allow for future consideration of these programs. It should be noted that this delay explains _the expenditure increase that occurs in the 1987 portion of the current long -term financial plan.