Title
City of Hudson 2018-2022 Five-Year Plan Review and 2018 Budget
Executive Summary: Review of the City’s Five-Year Plan for 2018-2022 will focus primarily on the assumptions made in creating the plan and the impact of those assumptions on the General Fund, Road Program, Connectivity, Parks and Golf Course as well as the overall capital plan.
Body
Legislative History
On an annual basis, the City adopts a Five-Year Plan “in concept”.
Purpose & Explanation
The purpose of the discussion is to review the City’s Five-Year Plan. The first year of the Plan is the basis for the annual budget.
Some key discussion points are:
1. Road program annual funding
2. Impact of blending Parks and Golf Course capital and debt service.
3. Deferred projects and expenditures
Timing Considerations
This is the first of four scheduled Five-Year Plan workshops.
Fiscal Impact
Currently Budgeted
Supplemental Appropriation Required
X Appropriation Not Required.
Recommendation
Suggested Action
Staff recommends Council review the plan assumptions and discuss any changes.
Submitted by,
Jane Howington, City Manager
Jeff Knoblauch, Assistant City Manager - Finance
Brian Griffith, Assistant Finance Director