Adopted Budget Book FY 23-24 Final with TOC links - Flipbook - Page 68
Strategic → CiTy of eusTis long - range finanCial Plan
The connection between the City’s long-term goals and departmental performance measurement
is crucial for effective governance, strategic planning, and the overall community well-being.
Departmental performance measurement serves as a bridge between the City’s short-term and
long-term goals. It helps ensure that the day-to-day activities of departments are aligned with the
broader vision of the city. This alignment enhances accountability, transparency, and resource
allocation while facilitating continuous improvement and progress toward both immediate and
future objectives. This connection will be reviewed more closely in the Departmental Performance
Measures section.
Long-Term Goals: These encompass a more extended period, often five to ten years or more, and
are aligned with the City’s overall vision and mission. A long-term goal could involve enhancing the
city’s sustainability by reducing carbon emissions by a significant percentage over the next decade.
Key Steps in the City Long-Range Planning Process:
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Vision and Goals Identification
City long-range financial plan goals identification involves the process of determining broad
and overarching financial aspirations that the City intends to achieve over an extended period.
These goals provide a clear direction and framework for the City’s financial planning efforts,
shaping its overall financial strategies and priorities.
Goal identification is the process of determining the specific objectives and targets that need to
be accomplished within the financial plan period. These goals are derived from the city’s strategic priorities and are aligned with the vision statement. They provide a roadmap for financial
decision-making and resource allocation.
In summary, city long-range financial plan vision and goal identification involve defining a
compelling vision statement that represents the desired future financial state of the city. It also
entails identifying specific goals that align with the vision and guide financial decision-making.
This process sets the foundation for developing a comprehensive and strategic long-range
financial plan that supports the city’s overall objectives and contributes to its financial sustainability and success.
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Long-Range Objectives Identification
City long-range financial plan objectives identification involves the process of defining specific,
measurable, and achievable financial goals and targets that the City aims to accomplish within
the planning period. It focuses on identifying the desired outcomes and results that the City
seeks to achieve to ensure financial stability, sustainability, and effective resource allocation.
During the objectives identification phase, the City examines its financial priorities and
considers various factors, such as economic conditions, revenue projections, expenditure
needs, infrastructure requirements, and community needs. It takes into account both shortterm and long-term financial goals, aligning them with the City’s overall vision, mission, and
strategic priorities.
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Problems Identification
City long-range financial plan problem identification involves the systematic process of identifying and recognizing financial challenges, issues, and areas of concern that need to be
addressed within the planning period. It targets to identify obstacles and potential risks that
may hinder the City’s ability to achieve its long-term financial goals and objectives.
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City of Eustis, Florida
Adopted Budget
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