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Key Financial Strategies <br />January 25, 2001 <br />Page 2 <br /> <br />b) Analyze trends for the key financial factors for the period 1990 to 2000. <br /> studies include: <br /> i) Property valuation <br /> ii) Population and households <br /> iii) Building permits <br /> iv) Overall City financial condition <br /> v) General Fund expenditures, revenues and fired balance <br /> vi) Debt and bond rating <br />c) Make projections for 10-year period of following factors: <br /> i) Overall property valuation (estimated market value and tax capacity) <br /> ii) Value in TIF districts <br /> iii) Population <br /> <br />3) Council Workshop #2 (February 26) <br />a) Review policy summary <br />b) Review and discuss results of trend analysis and projections. <br />c) Identify issues and questions for further study. <br /> <br />Factors to be <br /> <br />4) Capital Improvements <br />a) Work with City Staffto identify necessary future capital improvements. <br />b) Analyze options for funding the proposed projects. <br />c) Create recommendations for on-going capital improvements planning. <br /> <br />5) Council Workshop #3 (March 26) <br />a) Review and discuss capital improvements analysis. <br />b) Reach consensus on plan for capital improvements and funding. <br />c) Identify policy considerations resulting from capital improvements plan. <br /> <br />6) <br />a) <br /> <br />Issues Analysis <br />Study key financial issues identified in previous steps. Potential issue areas include: <br /> i) Projected revenues, expenditures and fund balances for General Fund. <br /> ii) Property tax rates. <br /> iii) Debt ratios <br /> iv) New financial policies <br /> b) Prepare information for Council consideration. <br /> <br />7) Council Workshop #4 (April 30) <br />a) Review and discuss results of issue analysis. <br />b) Reach consensus on plans and policies related to these issues. <br /> <br />8) Plan Development <br />a) Summarize results of planning process. <br />b) Compile and record planning information developed in process. <br />c) Present current and new financial policies. <br />d) Create action plan for addressing issues. <br /> <br />9) Council Workshop #5 (May 29*) <br />a) Present plan report to City Council. <br /> <br /> <br />