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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