Strategic → CiTy of eusTis long - range finanCial PlanCity of Eustis Identifies Eight Major Long-Range Goals:1. Strategic Plan Major Update: In FY 2022-23, the City of Eustis is actively engaged in the processof expanding and updating its existing Strategic Plan, which has become outdated due to the city’srapid growth. To ensure that the City’s vision, mission, core values, priorities, and strategies alignwith its current state, an independent consulting company has been commissioned to conduct thenecessary studies. The study results will be implemented by the City starting in FY 2023-24. Thisplanning initiative falls under the Competent and Effective Government Priority, specifically Goal#3 Strategic Priority 1, as outlined in the City’s Strategic Plan - Maintain the financial viability of theCity.The adoption and implementation of a new updated strategic plan study offer numerous benefits forthe City and its residents:●●●●●●●●●●Clear Vision and Direction: A well-crafted strategic plan provides a clear vision for the City’sfuture and outlines specific goals and objectives. This clarity ensures that all City departmentsand stakeholders are aligned in their efforts and working toward a common purpose.Effective Resource Allocation: The strategic plan helps prioritize initiatives and allocateresources efficiently. By identifying key priorities, the City can direct funding, staff, and otherresources to areas that will have the greatest impact on achieving its goals.Enhanced Accountability: With defined goals and performance indicators, the strategic plancreates a framework for accountability. City officials and departments can be held responsiblefor progress toward established objectives, fostering a culture of transparency and results-oriented governance.Improved Decision-Making: The plan serves as a decision-making guide for City leaders. Whenfaced with choices about policies, projects, or investments, decision-makers can refer to thestrategic plan to ensure that their choices align with the City’s long-term vision and objectives.Community Engagement: Developing a strategic plan often involves input from residents andstakeholders. This engagement fosters a sense of community ownership and ensures that theplan reflects the needs and aspirations of the people it serves.Efficiency and Effectiveness: By focusing on strategic priorities, the City can streamline itsoperations and eliminate redundant or low-priority activities. This leads to greater efficiency indelivering services to residents.Innovation and Adaptability: A strategic plan encourages innovation by setting the stage forexploring new approaches and technologies to address emerging challenges. It also allows theCity to adapt to changing circumstances and unforeseen events while remaining aligned withits long-term goals.Measurable Progress: The plan includes performance metrics and benchmarks, enabling theCity to track its progress over time. This data-driven approach allows for evidence-based decision-making and ensures that resources are allocated where they are most needed.Enhanced Financial Management: The strategic plan can guide budgeting and financial planning, ensuring that resources are allocated to initiatives that directly support the City’s strategicobjectives. This leads to greater fiscal responsibility and sustainability.Resilience and Sustainability: A strategic plan can incorporate resilience and sustainabilitygoals, helping the City prepare for and mitigate the impacts of environmental and economicchallenges.Back to TOCCity of Eustis, FloridaAdopted Budget69
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