AGENDA DATE: 11/8/2017
TITLE:
Title
Board of Supervisors/School Board Joint Work Session
BODY
SUBJECT/PROPOSAL/REQUEST: Joint Work Session on the County and School Division's FY 19 - FY 23 Five Year Financial Plans and an Overview of CIP Requests
ITEM TYPE: Regular Action Item
STAFF CONTACT(S): Richardson, Moran, Letteri, Walker, Haas, Tistadt, L. Allshouse, Kamptner, and Henry
PRESENTER (S): Lori Allshouse, Laura Vinzant, Matthew Haas, Trevor Henry
LEGAL REVIEW: Not Required
REVIEWED BY: Douglas C. Walker
BACKGROUND: On November 8, the Board of Supervisors and the School Board will engage in a joint work session to receive: 1) information regarding the Five Year Financial Plan, including revenue projections and the General Government's Two Year Fiscal Plan; 2) information regarding the School Division's Five Year Needs; and 3) a review of the results of the Technical Review Committee (TRC) phase of the FY 19 CIP development process. Board feedback during this joint work session will provide guidance for the upcoming annual budget processes in consideration of the framework provided by long-range financial planning assumptions.
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: Long-range financial planning is an important component of the County's fiscal processes: it brings together three major components of the County's budget - schools, general government and capital. It also provides a venue for discussion regarding important longer-term priorities and creates a framework within which the next fiscal year's budget development will take place. Additionally, the Board of Supervisors and School Board will have the opportunity to review the ranking of submitted projects prior to the CIP development process proceeding to the Oversight Committee (OC) phase, which begins on Novem...
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