Long-Range Forecasting

Goal: A long-range forecasting of revenues and expenditures for a future three-year period will be done each year by August 1.

A financial plan that assesses the long-term financial implications of current and proposed programs assists the city in developing strategies to achieve its goals.  A key component is the forecasting of revenues and expenditures.  As part of the budget process each year, by August 1 a long-range forecast of operating revenues and expenditures for the General Fund, Street Fund, Cemetery Fund, Emergency Rescue Fund and the utility funds will be developed for a three-year period beyond the current budget period.  The underlying assumptions should be clearly stated.  The forecast will be included in the final budget document that is adopted by ordinance