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continued throughout the term of the plan. Water and sewer operating funds have not <br />been included for discussion at this time, but will be included in future discussions. <br />In reviewing this draft plan on Tuesday night, staff is seeking direction from the City <br />Council in its vision for the future of the city and how it will be managed financially. It <br />must be recognized and reiterated that this is a financial plan, not a budget, and it does <br />not constitute authorization for future expenditures. The city budget will continue to be <br />prepared annually, and current needs will continue to be presented to Council on an <br />annual basis. While it is Council's, and staff's, intention to be fiscally responsible, it is <br />possible the future budgetary needs may be greater than is outlined in the plan, resulting <br />in a tax rate higher than anticipated in the plan. Likewise, the plan will be updated each <br />year and needs reassessed at the time of renewal. <br />Staff looks forward to discussing this draft with the City Council and welcomes your <br />direction relative to the preparation of a final draft. <br />