As City Manager, I have used these budget principles to guide my decision making.
· Maintain a fiscally sustainable, balanced budget
· Project annual revenue through an analytical process and prepare the budget using conservative estimates and long term forecasting
· Impose taxes, fees, and rates at appropriate levels to fund their intended purposes
· Use one-time resources strategically
· Maintain a reserve for economic uncertainties
· Keep the City Council informed on the fiscal condition of the City
· Focus on incremental changes to staffing and spending
· Identify resources for top priorities and initiatives
· Limit the use of debt to projects that cannot be reasonably funded in a single year and to terms that are consistent with the useful life of the project being undertaken
· Continue to fund capital improvements on an appropriate debt basis with the emphasis on reducing overall debt
· View the budget as a dynamic rather than static plan which requires periodic adjustment as circumstances change
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