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1/6/2025 <br />■Resilience / Efficiency Planning - Process <br />Improvements, Documentation, Cross - <br />Training <br />-Long-Term Financial Planning / Better <br />multi -year Budgeting <br />-Continued development of Fixed Asset <br />database / CIP <br />■WAC/SAC/WCC/SCC fee study <br />15 <br />-Opportunities <br />■ We're currently highly subsidized by development, which <br />presents an opportunity to slowly grow our reserves while <br />still maintaining a tax rate lower than most cities providing <br />similar services. <br />■ Finance has strong staff members who can grow in their <br />roles. <br />• New Revenue Streams — Street Light Utility, Franchise Fees <br />■ CIP Prioritization -In conjunction with Engineering <br />• Document long term financial strategies <br />-Challenges <br />■ Transitions create more work, so balancing current <br />workload while also improving processes (implementing <br />new software) will be difficult. <br />• New Federal Policies may impact our costs, financial risks, <br />interest rates, etc. <br />■ High Debt <br />• Cybersecurity <br />16 <br />