City Council Goal #1

Objective #1 – Improve and streamline City’s budget process.

Actions	Timeline	Responsible Party	Measurements
Identify funding for financial software purchase.	1st Quarter 2022	City Manager/Finance Director	Funding source identified and funding allocated by City Council
Investigate financial software options and purchase updated software by year-end.	1st Quarter/2nd Quarter 2022; software purchased by 4th Quarter 2022	Finance Director/Information Technology/City Council	Report with recommendations made to City Council; City Council acts on recommendations; software purchased
Investigate alternative budget processes that can be implemented for cost savings and to simplify departmental budgeting.	2nd Quarter 2022	City Manager/Finance Director	Recommendations made to City Council; City Council makes selection and approves
Investigate the feasibility of establishing a finance committee that includes Council, community and staff governed by OMA (Open Meetings Act) guidelines.	3rd Quarter 2022	City Manager/Finance Director	Recommendation regarding the feasibility of establishing a finance committee made to City Council; City Council takes action on recommendation
Use software to provide updated financial reports for internal and external use.	4th Quarter 2022 through 2023	Finance Director/Information Technology/City Council	Financial reports generated on quarterly basis

Objective #2 – Conduct review of all city services to identify streamlining opportunities.

Actions	Timeline	Responsible Party	Measurements
Identify the most relevant budget metrics for every service/program.	2nd Quarter 2022	City Manager/ Department Heads	Metrics identified, completed, and presented to City Council before budget season
Identify possible cost-sharing, collaborative opportunities with neighboring cities.	2nd Quarter 2022	City Manager/ Department Heads	Potential cost-saving collaborations or partnerships with neighboring cities/taxing jurisdictions identified; report made to City Council; City Council takes action
Study the potential for expanding public/private partnerships to support traditional city services.	2nd Quarter 2022	City Manager/ Department Heads	Potential partnerships identified; report made to City Council; City Council takes action

Objective #3 – Maintain and enhance the City's bond rating

Actions	Timeline	Responsible Party	Measurements
Review weaknesses listed in S & P Global Rating Agency Report; make implementation recommendations.	1st Quarter 2022	City Manager/Finance Director	Recommendations made to City Council; City Council select recommendations to proceed with; Recommendations implemented

Objective #4 – Expand and strengthen tax base and increase city revenues.

Actions	Timeline	Responsible Party	Measurements
Determine allocations for ARPA funding to support city services.	1st Quarter 2022	ARPA Manager	Project allocation report submitted to City Council
Investigate alternative funding sources for city services.	Begin 1st Quarter 2022; ongoing review	City Manager/Finance Director	Report released on quarterly basis.
Conduct a public/private comparison of service fees that the city imposes.	2nd Quarter 2022	City Manager/ Department Heads	Summary document of service fees comparison completed
Sell-off underperforming city assets.	Ongoing	Planning & Redevelopment Division	# of properties sold annually; total revenue from sales
Re-evaluate lease prices for city owned farmland, assets, and infrastructure to determine if current market rates are being used in contracts.	2nd Quarter 2022	Planning & Redevelopment Division	Recommendation for new lease rates made for new contract periods

GOAL #1: FINANCIAL SUSTAINABILITY