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Elk River <br /> Municipal Utilities COMMISSION POLICY <br /> Section: Category: <br /> Governance Delegation to Management Policies <br /> Policy Reference: Policy Title: <br /> G.4c Strategic and Business Planning <br /> PURPOSE: <br /> With this policy,the Commission affirms the importance of strategic and business planning and <br /> sets forth its expectations for the General Manager in terms of the effective development, <br /> implementation, monitoring, and updating of the Commission's approved Strategic Plan, <br /> Financial Plan and Business Plan/Budget. <br /> POLICY: <br /> The General Manager shall not allow ERMU to operate without the following Commission <br /> approved plans: <br /> 1. A Strategic Plan that provides strategic direction for a period of not less than five (5) future <br /> fiscal years in terms of high-level elements such as vision, core purpose, core values, <br /> mission, key result areas and broadly stated strategic objectives that are intended to achieve <br /> the organizational outcomes contained in the Commission's Authority and Purpose Policies. <br /> 2. A Financial Plan covering not less than five (5) future fiscal years (see Financial Planning <br /> and Budgeting Policy). <br /> 3. A Business Plan/Budget that supports accomplishment of the Strategic Plan and sets forth <br /> specific operating and financial results in terms of elements such as actions and outcomes, <br /> budgeted financial and other resource requirements, and projected financial statements. <br /> Consistent with this general statement, the General Manager shall: <br /> 1. Provide the overall direction, leadership, education, and resources needed to engage the <br /> Commission, management employees, key staff employees, and other key stakeholders in an <br /> effective strategic planning process. <br /> Page 1 of 2 <br />