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HOW WE GET THERE <br />Vision: <br />FINANCIAL STABILITY: STRUCTURALLY BALANCED MODEL BASED ON TRADITIONAL SOURCES THAT FUND <br />THE NEEDS OF THE COMMUNITY WITH A REASONABLE TAX BASE <br />Strategy: <br />Keep the same level of service while providing innovative ideas and being fiscally responsible. <br />Maintain General Fund balanced budget and maintain fund balance to 50% of total budget. <br />Continue planning for major capital expenses by transferring end of year balances. <br />Beginning Value <br />Current Value <br />Target/End Value <br />Levy Reduction $ <br />$3,023,160 <br />(Note: Decertify TIF 2033) Make <br />assigned value last as long as <br />possible <br />GOALS: <br />Goals <br />Start Value <br />Current Value <br />Target Value <br />Enhance Revenue <br />2025 Franchise fee <br />Sources without relying <br />budget $360,000 Other <br />on property taxes & <br />fees & charges <br />keep taxes reasonable <br />$950,000 <br />and accountable. <br />Example(s): Cannabis, <br />Conduit Bond <br />Financing, etc. <br />NOTE: Franchise fee <br />revenue can only <br />increase with more <br />development of <br />housing and businesses <br />and/or approved rate <br />increases <br />Prioritize Services: <br />ID by department <br />ID by department <br />ID by department <br />eliminate low priority <br />services that have a <br />measurable reduction <br />in staffing hours and/or <br />dollar amounts <br />Continue a balanced <br />Budget 90% of LGA <br />2025 = 100% of LGA <br />budget that meets the <br />(Council to discuss <br />needs and goals of the <br />actual % at budget <br />