FY 2025 BUDGET BOOK - Flipbook - Page 79
➢ Developing Performance Measures:
•
Revenue Growth – City-wide (Annual Comprehensive Financial Report)
•
Net Position (ACFR) – City-wide (Annual Comprehensive Financial Report)
•
Number of Employees (Annual Comprehensive Financial Report)
•
Number of customers requesting service (Annual Comprehensive Financial
Report)
➢ Output Measures:
•
Number of permit applications reviewed (City Manager Letter information)
•
Police and fire reports filed (City Manager Letter information)
•
Increase in new business (Development Services report)
➢ Outcome Measures:
•
Standardized testing scores (Demographic Data)
•
Change in criminal activity (Sheriff’s Office Reports)
•
Miles of streets maintained (Public Works Reports)
•
Numbers of utility accounts served (Public Works Reports)
➢ Efficiency Measures:
•
Youth and sport activity data (City Manager Letter information)
•
After school programs (City Manager Letter information)
•
Cultural services and events (Parks & Recreation reports)
•
Employment applications and new recruitment (City Manager Letter information)
Active integration of performance measures consistently throughout the budget process is
important in determining real budget figures, communication effects and assurance of
appropriate and fiscally responsible spending of taxpayers’ dollars.
Budget Trends and City Financial Performance Analysis
Multi-year budget trend analysis is a tool that projects what future budgets might look like
based on current appropriation and revenue trends and anticipated economic growth over
the analysis period. This analysis contains many assumptions therefore, even a minor
change in any of the assumptions can make a significant difference to the surplus/deficit
trend. If the estimated and projected assumptions contained in the analysis do not
materialize, the projections should be adjusted accordingly.
Comparing the budget of fiscal years 2021 through 2025, current trends are analyzed and
forecasted through the fiscal year ending September 30, 2025.
Key assumptions include:
➢ Water and sewer services revenue growth 2.5% annually
➢ Other revenues growth 3% annually
➢ Revenues from fines & forfeitures will remain flat
➢ COLA adjustment 5% for all full-time employees
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