Title
City of Hudson 2017-2021 Five-Year Plan Review
Executive Summary: Review of the City’s Five-Year Plan for 2017-2021 including follow up from the first meeting (General Fund, Storm Water and Road Program) and review of the remaining major operating funds.
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.
To follow up on the Sep. 6 meeting, there was discussion regarding the appropriate General Fund carryover balance while not reducing the annual road program. The first draft had the General Fund dropping down to a low of 18.9% at the end of 2019 but increasing over the remaining two years. Staff has prepared options wherein certain projects were moved to later years in order to “smooth out” the carryover balance to a minimum of 25%. Staff is prepared to discuss these changes so Council understands the implications.
In addition, we will review the remaining major operating funds - Cemeteries, Parks, HCTV, Fire, EMS, Water, Electric, Golf, Fleet and IS. A couple of key discussion items include:
1. EMS funding and billing policy
2. Splash pad project for Parks Department follow up
Timing Considerations
This is the second of two scheduled Five-Year Plan workshops. In addition, two workshops are scheduled for the annual budget review.
Fiscal Impact
Currently Budgeted
Supplemental Appropriation Required
X Appropriation Not Required.
Recommendation
Suggested Action
Staff recommends Council review the Plan and discuss any changes.
Submitted by,
Jane Howington, City Manager
Jeff Knoblauch, Finance Director