Lynchburg Water Resources Beyond 2020 Strategic Plan

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Fiscal Responsibility

GOAL

Promote sustainable and responsible fiscal practices.

Fiscal responsibility encompasses a multitude of factors and variables. We must balance the need for adequate revenues to appropriately maintain and renew our water assets with efforts to minimize costs and maximize performance of those same assets. We should especially seek funding opportunities from sources outside of the City. Budgets should be fiscally responsible and reflect the true costs of providing services, while rates and rate increases should be sensitive to their effects on our community. Long range financial planning is crucial to making wise operational and investment decisions.


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