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37 <br />38 3) The projected levy increase is purely a financial forecast and does not include any <br />39 qualitative analysis on programs, services, and personnel to be included in the 2027 <br />40 budget. It is simply including everything contained in the 2026 budget and adding a cost <br />41 inflator. <br />42 <br />43 With that in mind, this estimate should only be considered for what it is, an early estimate of <br />44 the 2027 budget and that much more work will need to be done by staff and City Council <br />45 before any financial decisions can be made. It is hoped with that spirit, the City Council <br />46 and Department Heads can have a productive discussion on priorities for the 2027 budget. <br />47 <br />48 For the City Council's information, the following items have been included as part of this <br />49 case: <br />50 A memo from the City Manager and Finance Director providing more information <br />51 about the 2027 budget and levy estimates <br />52 A spreadsheet showing revenues and expenditures, grouped by categories since <br />53 2023, with estimated amounts for the 2027 budget <br />54 A table showing where new levy funds, based on the initial estimate, will be going <br />55 towards <br />56 A document showing what funds are considered Governmental Funds and <br />57 Enterprise Funds <br />58 A document showing how the Community Aspirations informed the strategic plan <br />59 A document showing a summary of the strategic directions and goals contained in <br />60 the strategic plan <br />61 The presentation which will be reviewed during the work session. <br />62 <br />63 <br />64 Policy Objectives <br />65 This budget and strategic planning discussion is directly tied to the strategic plan's City <br />66 Operations strategic direction. The success indicator for Goal #3 - Resource allocation <br />67 meets operational needs while advancing strategic priorities states the following: <br />68 Budgeting includes prioritization of strategic goals while balancing operational needs <br />69 Decision-makers report having the right information to allocate resources effectively. <br />70 <br />71 <br />72 Equity Impact Summary <br />73 Analysis will be conducted regarding equity impacts as the 2027 budget is considered . <br />74 <br />75 Budget Implications <br />76 As the 2027 budget is presented and considered, budget implications and impacts will be <br />77 included. <br />78 <br />79 Staff Recommendations <br />80 Review the information and participate in the discussion to identify priorities for the 2027 <br />Page 2 of 3 <br />Qbhf!4!pg!82 <br /> <br />