Adopted Budget Book FY 23-24 Final with TOC links - Flipbook - Page 66
Strategic → CiTy of eusTis shorT - Term finanCial Plan
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Economic Forecasting: Monitoring economic conditions and revenue trends is essential for shortterm planning. Understanding how local and regional economic factors can impact the City’s
finances helps make informed decisions about budget adjustments and resource allocation.
Reserve Policies: The City has policies that dictate the size and use of reserves. Short-term
financial planning aligns with this policy to maintain fiscal responsibility and accountability.
Transparency and Accountability: The City engages the community and clarifies the short-term
financial planning process. Public input, financial reporting, and regular updates on the City’s
financial health help build trust and accountability.
Review and Adjust: Short-term financial planning is dynamic. City management regularly
reviews the budget and financial performance, making adjustments as necessary to ensure the
City remains on track to meet its goals and obligations.
Short-term financial planning is an ongoing and dynamic process that plays a vital role in the City’s
fiscal health, carefully managing budgets, cash flow, reserves, and debt and remaining adaptable
to changing circumstances. The short-term plan acts as a stepping stone that helps the City progress towards its long-term vision, where it can ensure its financial stability and ability to provide
essential services to its residents.
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City of Eustis, Florida
Adopted Budget
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