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DRAFT TABLE OF CONTENTS <br />(this will be added to quite a bit as we go) <br />Introduction <br />Executive Summary <br />Brief History of Lake Elmo <br />Comprehensive & Strategic Planning Processes & Outcomes <br />o Why Now? <br />o Principles, Strategies & Recommended Actions <br />Purpose of a Strategic Financial Plan <br />Local Government Finance Concepts <br />Importance of ____ (Maintenance, Good Governance, Financial Planning… ) <br />Opportunities & Challenges <br />o Growing city >> growing organization <br />Expanded Services (full-time Fire, all departments growing, <br />professionalization of organization) <br />o Development is subsidizing operations <br />Development will eventually slow/stop <br />o PFAS / Water Supply (lawsuits) <br />Service Portfolios <br />o Standard of Service <br />o Staffing Levels / Quality <br />Asset Portfolios <br />o Maintenance / Replacement <br />Current Financial Management Practices & Policies <br />o Overview of Policies (reference Appendices) <br />o Tools <br />o Practices <br />Current Financial Position <br />o ACFR <br />Net Position analysis – add Cash only <br />Cash relative to depreciation <br />o Credit Rating <br />History, Current, and Projected Financials <br />o Budgets <br />o Fund Balance/Cash Flow <br />o Debt <br />o Levies <br />o Tax Capacity <br />Commercial vs Residential <br />o Tax Rates <br />History