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File #: 15-380    Version: 1 Name:
Type: Work Session - Action Status: Work Session
File created: 10/26/2015 In control: Board of Supervisors
On agenda: 11/11/2015 Final action:
Title: Five Year Financial Plan Work Session
Attachments: 1. 15-380 Attachment_A.pdf, 2. 13-380 Attach B Summaries.pdf, 3. 15-380 Attach C.pdf, 4. 13-380 Attach D1 Efficiency.pdf, 5. 13-380 Attach D2 Appendix_Efficiency Matrix.pdf
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
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AGENDA DATE: 11/11/2015

TITLE:
Title
Five Year Financial Plan Work Session
BODY
SUBJECT/PROPOSAL/REQUEST: Board of Supervisors/School Board Joint Work Session on Issues Related to the Five Year Financial Plan

ITEM TYPE: Regular Action Item

STAFF CONTACT(S): Tom Foley, Bill Letteri, Larry Davis, Lee Catlin, Lori Allshouse, Trevor Henry, Lorna Gerome

PRESENTER (S): Tom Foley, Lori Allshouse, Lorna Gerome, Trevor Henry, Lee Catlin, Bill Letteri

LEGAL REVIEW: Yes

REVIEWED BY: Thomas C. Foley

BACKGROUND: On November 11, the Board of Supervisors and the School Board will engage in a joint work session to receive information on and discuss several topics that are related to the final development of the Five Year Financial Plan and that will provide guidance for the upcoming annual budget process. The work session will encompass the following five topics that bring together the work of a number of committees and County review processes that have been focusing on County revenues and expenditures: -Updates to the FY 17 - FY 21 Five Year Financial Plan assumptions;
-October 14, 2015 Compensation and Benefits work session follow-up information;
-FY 17 - FY 21 Capital Improvement Program;
-Citizens Resource Advisory Committee Report; and
-School Division and General Government Efficiency Report.

While each topic has a specific outcome detailed in the executive summary, the overall intent of the work session is to provide clarity and direction for the Five Year Plan and budget process.

STRATEGIC PLAN: Mission: To enhance the well-being and quality of life for all citizens through the provision of the highest level of public service consistent with the prudent use of public funds.

DISCUSSION:
FY 17 - FY 21 Five Year Financial Plan. The two Boards will receive an update on the FY 17 - FY 21 Five Year Financial Plan based on updated assumptions. The updated FY 17 - FY 21 Five Year Financial Plan will serve as an...

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