AGENDA DATE: 5/11/2016
TITLE:
Title
Strategic Priorities/Two Year Fiscal Plan Development Process
BODY
SUBJECT/PROPOSAL/REQUEST: Overview of process for identifying, ranking and assigning resources to Board priorities leading to development of a balanced Two-Year Fiscal Plan by December, 2016.
ITEM TYPE: Regular Information Item
STAFF CONTACT(S): Tom Foley, Lee Catlin, Lori Allshouse, Louise Wyatt
PRESENTER (S): Lori Allshouse, Lee Catlin
LEGAL REVIEW: No
REVIEWED BY: Thomas C. Foley
BACKGROUND: During the FY17 Five Year Plan and Annual Budget development and approval process, the Board, staff and the public had significant discussions about the ongoing structural fiscal imbalance facing the County and the critical need to address that gap on a long term basis. The Five-Year Financial Plan demonstrates that the cumulative impacts of community and Board aspirations, growing citizen expectations, and service obligations created by population growth outpace available resources into the future. Natural growth in revenues is not sufficient to meet our obligations and commitments and also maintain critical services at existing levels. International, national and state economic pressures have prevented our economy from regaining the momentum we had hoped for and expected, and we firmly believe that is the long term reality we face. The adopted FY17 budget recognizes that finding a balance between a realistic level of revenues going forward into the future and the expenditures which can be supported by that revenue is a large and challenging task that must be accomplished through Board of Supervisors and community dialogue and serious choices about the allocation of available resources.
STRATEGIC PLAN: This discussion relates to all items in the Strategic Plan.
DISCUSSION: The FY17 budget includes instituting a priority based budgeting process and ongoing Board work sessions and community engagement to determine Boa...
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