Strategic Plan 2022 FINAL option 1 - Flipbook - Page 26
Budget Process Alignment
Strategic planning and budgeting are integral components of good, fiscal management. The Strategic
Plan provides direction, while the budget allocates resources to implement the plan. A strategic plan
that is not linked to the budget, is an unfunded dream. On the other hand, resource allocation, without
big picture thinking would be shortsighted and unresponsive to future conditions. Strategic planning
guides the budget process. It provides administration the opportunity to evaluate existing allocations of
funds.
Annually, Flagler County will develop initiatives that detail what will be accomplished within the fiscal
year. The planning of these initiatives is based off feedback provided by the public through surveys,
interpretation of relevant data and trends identified. These initiatives, together with performance
measures, provide the strongest links between the operating and capital outlay budgets.
It is significant that the County view the process in this fashion, so we combine top-down and bottom-up
input, linking targets and resources to the Strategic Plan.
PERFORMANCE BASED METRICS
The Strategic Plan Initiatives are each designed so that when fully implemented, they will move the
County forward towards meeting the Strategic Goals. Key Performance Indicators (KPIs) have been
operationalized as metrics to align with the Strategic Goals. The baseline information as of the 2022-23
fiscal year where appropriate will be provided, as well as Targets for future year(s).
The County has adopted the SMARTER goal setting and budget-alignment framework prescribed by the
Government Finance Officers Association (GFOA). Targets are set based on a methodology including
historical trend analysis; statistical analysis; best practices identified; relevant compliance standards;
projections based on both external and internal factors influencing future direction; resource availability;
and stakeholder input as consideration toward refinement. Progress will be carefully monitored and
regularly reviewed. Targets will be recalibrated annually as needed based on those reviews.
26 – Fiscal Year 2022 Strategic Plan
