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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 Current Value Target/End Value <br /> Levy Reduction $ $3,023,160 (Note: Decertify TIF 2033) Make <br /> assigned value last as long as <br /> possible <br /> GOALS: <br /> Goals Start Value Current Value Target Value <br /> Enhance Revenue 2025 Franchise fee <br /> Sources without relying budget$360,000 Other <br /> on property taxes& fees&charges <br /> keep taxes reasonable $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: ID by department ID by department 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 Budget 90%of LGA 2025 = 100%of LGA <br /> budget that meets the (Council to discuss <br /> needs and goals of the actual %at budget <br /> 5 <br />