FINANCE - BUDGET AND STRATEGIC PLANNING DESCRIPTION The Division of Budget and Strategic Planning provides financial, management information, control, and guidance to the City Council, City Manager, and City departments. The primary responsibilities of the division include the development of the annual operating and capital budget and capital improvements program and plan, revenue and expenditure analysis and quarterly financial reporting, strategic financial planning, and fiscal impact analysis. CITY COUNCIL TARGET AREA Financial Stability
FY 23 OBJECTIVES Develop a balanced budget in compliance with local and state laws. Prepare quarterly budget reports within 30 days of the end of each quarter. Comply with 100% of the City’s adopted financial policies. Variance between actual and projected General Fund revenue of 3% or less.
PERFORMANCE MEASURES Quarterly reports submitted within 30 days of quarter end Financial Policies: Capital Pay-Go at least 3% of General Fund less transfers Debt as percent of assessed value at/below 4% Debt as percent of general gov’t expenditures at/below 10% Variance in actual to projected General Fund revenue
FY 21 Actual 100%
FY 22 Projected 100%
FY 23 Estimated 100%
3.2% 2.0% 7.9% 4.9%
3.2% 1.9% 7.3% 4.4%
4.5% 1.7% 6.4% 3.0%
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