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75 <br /> FREERS <br /> b ASSOCIATES INC <br /> • Key Financial Strategies <br /> Process Outline <br /> s:.s.. .. <br /> ' ' : : :° :n e ' » . . : : ....: .. <br /> : : : o . <br /> .....: l: s :: <br /> . 'o : m : : :.:...::.:.::. <br /> . <br /> nei < 1. Explain KFS process. 1. KFS process guide. 1. Document areas of concern <br /> ...:.................... <br /> ........................ <br /> ......................... <br /> >? 2. Review KFS objectives. 2. KFS objectives. as identified by council <br /> >" 3. Identify and discuss financial 3. Financial checklist. and staff. <br /> foundation items. 4. Overview. 2. Identify foundation areas <br /> '`< 4. Provide financial status 5. Comparison. (Tax base which required <br /> overview. mix/growth/ development or updating. <br /> > Com <br /> 5. <br /> ' pare and contrast with other allocation/growth <br /> cities. factors/population/socio- <br /> 6. Review financing/revenue economic mix/housing type <br /> options. age) <br /> 7. Opportunity to discuss 6. Budget comparison for last <br /> community infrastructure and 5-10 years. <br /> financial strengths and 7. Bond rating agency criteria. <br /> weaknesses. 8. Debt ratios. <br /> 9. Comparable cities-typical <br /> residential tax bill/mix of <br /> tax capacity. <br /> • <> << <br /> t►0 ?`< 1. Review costing of foundation 1. Foundation items cost. 1. Agreement on foundation <br /> ....................... <br /> ........................ <br /> ......................... <br /> items. 2. Schedule of capital costs. <br /> 2. Review scheduling of improvements. 2. Agreement on capital <br /> investment/capital improvement 3. Gap financing options. improvements and <br /> items. 4. List of revenue options. schedule. <br /> 3. Discuss gap financing options. 5. Community strengths and 3. Direction regarding gap <br /> weaknesses. financing options. <br /> 4. Identify any remaining <br /> potential funding needs or <br /> revenues. <br /> 'I 'r €€ € 1. Review preliminary plan 1. Preliminary plan. 1. Agreement on financing <br /> including expenditures,schedule 2. Alternative impact analysis. options, schedule and <br /> and revenues. 3. Revenue forecast model costs. <br /> .......................> 2. Review funding alternative 4. Sources and uses summary. <br /> impacts. <br /> : ` 3. Provide financial revenue <br /> forecast model. <br /> << 4. Review preliminary gap analysis. <br /> ul'' < ` 1. Review final plan. 1. Final plan. 1. Final action plan. <br /> 2. Review policies and schedule 2. Schedule. 2. Schedule. <br /> required to implement final plan. 3. Policies. 3. Policies. <br />