AGENDA TITLE:
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Study Session on the City Long-Range Financial Forecast (CM)
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MEETING DATE:
February 26, 2025
PREPARED BY:
Bobby Magee, Interim Assistant City Manager
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RECOMMENDED ACTION:
Study Session on the City Long-Range Financial Forecast.
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BACKGROUND INFORMATION:
In October 2024, the City Council authorized an Agreement with Baker Tilly Advisory Group, LP, to provide Long-Range Financial Forecasting services. The purpose of this Council Study Session is to provide information about the City’s General Fund financial forecast and demonstrate this powerful tool.
Staff and Baker Tilly developed a presentation to discuss the current budget, potential budget updates, and the financial opportunities and risks facing the City.
STRATEGIC VISION:
3A. Fiscal Health: Promote City transparency & fiscal fluency.
FISCAL IMPACT:
There is no fiscal impact to receiving and filing the verbal report.
FUNDING AVAILABLE:
Not applicable.
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Scott R. Carney
City Manager