Goal A. Financial Sustainability

Foster fiscal health through disciplined long-term planning, cost control, increased revenues, and cost recovery.

Strategy 1

Develop a multi-year plan and strategies to address pension obligations due to increasing pension costs and resulting pressures on the general fund.

Strategy 2

Implement proactive business licensing activities for rental properties to increase revenue opportunities.

Strategy 3

Establish fund balance reserve targets for all major funds in addition to the General Fund.

Strategy 4

Consider revising General Fund reserve policy to provide that funds in excess of target be utilized to address capital replacement and unfunded pension liabilities.

Strategy 5

Explore potential for creating a Community Facilities District or other financing mechanisms for installation, operation, and maintenance of various public improvements.

Strategy 6

Evaluate underfunded Landscape Maintenance Assessment Districts to improve ability to finance desired City beautification projects.

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