12/04/2006 Council Packet - Laserfiche WebLink

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4111 integral part of the plan. Planning for long -term capital outlay is continued throughout the term of the plan. • • Anticipated staffing needs of 22 employees, with related benefits and other personnel costs, are included from 2007 — 2011. Also in this total is the implementation of an in- house Engineering Department. Narrative is provided in the document explaining the rationale for this initiative. You should also be aware that certain assumptions are made with regard to certain staff additions. For example, it is anticipated that Homeland Security grants and additional COPS grants will be available to offset the cost of adding one police officer per year. If these funding sources are not available, the addition of these positions will be re- evaluated in future revisions of the plan. In reviewing this draft plan on Monday night, staff is seeking direction from the City Council in its vision for the future of the city and how it will be managed financially. It must be recognized and reiterated that this is a financial plan, not a budget, and it does not constitute authorization for future spending. The city budget will continue to be prepared annually, and current needs will continue to be presented to Council on an annual basis. While it is Council's, and staffs, intention to be fiscally responsible, it is possible that future budgetary needs may differ from what is outlined in the five -year plan, resulting in a tax rate higher or lower than anticipated in the plan. Likewise, the five -year plan will be updated each year and city needs reassessed at the time of renewal. Staff looks forward to discussing this draft with the City Council and welcomes your direction relative to the preparation of a final draft. If agreement is reached on the plan on Monday night, a public hearing may be scheduled for December 18, at which time it is expected that the plan would be formally adopted. If, however, questions remain that will require adjustments to the plan, another draft would be presented at the January, 2007 work session and the public hearing would be held at a regular City Council meeting thereafter.