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Attachment A <br />Performance Management Program <br />Budget Hearing <br />The purpose of the Budget Hearing is to provide citizens with an opportunity to address <br />proposed tax levy and spending plans. The City Council can use this input in determining the <br />preliminary, not-to-exceed levy; and tentative budget. <br />City Council Goal-Setting <br />Council goal-setting would be conducted based on the information derived from the Community <br />Survey and Vision. Council Goals should serve as the basis for establishing the Strategic Plan <br />and setting financial policies. <br />Financial Policy Review <br />The Council should conduct a biennial review of the budget and financial policies that establish <br />parameters for the adoption of a budget and capital improvement plan. <br />Strategic Plan <br />The Strategic Plan is developed by City Staff in accordance with City Council goals. The <br />Strategic Plan provides the framework for the Budget and Program Priorities and the Capital <br />Improvement Plan. <br />Budget and Program Priorities <br />The City Council should establish budget and program priorities based on the Strategic Plan. <br />This should include a Council priority-ranking exercise to determine how financial resources are <br />allocated. <br />Capital Improvement Plan <br />The Capital Improvement Plan is developed in accordance with the Strategic Plan an in <br />conjunction with the establishment of Budget and Program Priorities. The CIP should span over <br />a period of 10 years at a minimum. The first two years of the CIP should be reflected in the <br />Biennial Budget. <br />Biennial Budgeting <br />The City Council should adopt a Biennial Budget based on the Council’s Budget & Program <br />Priorities and the Capital Improvement Plan. The purpose of the Biennial Budget is to give <br />greater emphasis on long-term strategies and goal-setting, rather than reactionary-type decision <br />making. <br />Although the Biennial Budget spans over two years, the City must formally adopt an annual <br />budget and tax levy in accordance with State Statute. The second year of the Biennial Budget <br />should be generally consistent with the first except in extenuating circumstances; and should <br />require only minimal review. <br />2 <br /> <br />