1. Comprehensive Review: This involves an in-depth evaluation of City services and service levels, City finances and forecasts, operating budget (with a specific focus on the General Fund), upcoming major capital improvement initiatives, ongoing CIP projects, and infrastructure needs. 2. Departmental Meetings: The selected firm will conduct meetings with each department to review programs, annual expenditures, and provide assistance with establishing a ranking of department programs. 3. Fiscal Sustainability Strategies: The firm will be responsible for developing a comprehensive set of Fiscal Sustainability strategies to address the City's potential financial challenges in both the short-term (2-5 years) and long-range (6-10 years). This will include identifying ways to fund services and projects over a multi-year horizon, such as new revenues, expenditure reductions, and expenditure transfers. The strategies will include a detailed definition of each approach, the fiscal benefit of each strategy, and an outline of the implementation steps, along with any challenges or ease of implementation. 4. Process Definition: The firm will define a process for City Commission review, consideration, and acceptance of the Fiscal Sustainability Plan and the final report. 5. Project Calendar: The firm will provide a project calendar outlining the steps in the proposed process, ensuring that the final City Council review of the report and budget strategies is completed in time to incorporate them into the budget development process by June 2025.
