Strategic → CiTy of eusTis long - range finanCial PlanCity of Eustis Long - Range Financial PlanLong-range planning is an essential component of effective governance for a City. A Long-RangeFinancial Plan (LRFP) gives the chance to conduct Strengths, Weaknesses, Opportunities and financial threats analysis. This critical planning exercise can help to evaluate potential opportunities andrisks - and operate more proactively and efficiently.Long-term financial planning relates to strategic planning, developing financial policies, capital improvement planning, and budgeting. Each process fulfills a different combination of planning purposes.The Long-Range Financial Plan (LRFP) covering Fiscal Year 2023-24 through Fiscal Year 2025-2028presents projections for the City’s revenues, expenditures, and resulting fund balance for a comprehensive five-year planning period. It’s important to note that the LRFP does not aim to predict thefuture with certainty, but rather to raise awareness about potential financial challenges and opportunities that the City may encounter. Long-range planning enables City officials to anticipate andprepare for future challenges and opportunities, ensuring the sustainable growth and developmentof the community.Through financial planning and forecasting, the LRFP offers valuable insights into the City’s futurefinancial capacity. This enables the development of strategic approaches to achieve long-termsustainability while considering the objectives of governmental services and addressing financial challenges. The LRFP acts as a tool to inform and guide the City’s decision-making processeswith regards to financial management and operational planning. Ultimately, long-range planningempowers City leaders to create a vision for the future and work towards realizing it through strategic actions and collaborative efforts with stakeholders.Back to TOCCity of Eustis, FloridaAdopted Budget65
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