Adopted Budget Book FY 23-24 Final with TOC links - Flipbook - Page 71
Strategic → CiTy of eusTis long - range finanCial Plan
City of Eustis Identifies Eight Major Long-Range Goals:
1. Strategic Plan Major Update: In FY 2022-23, the City of Eustis is actively engaged in the process
of expanding and updating its existing Strategic Plan, which has become outdated due to the city’s
rapid growth. To ensure that the City’s vision, mission, core values, priorities, and strategies align
with its current state, an independent consulting company has been commissioned to conduct the
necessary studies. The study results will be implemented by the City starting in FY 2023-24. This
planning initiative falls under the Competent and Effective Government Priority, specifically Goal
#3 Strategic Priority 1, as outlined in the City’s Strategic Plan - Maintain the financial viability of the
City.
The adoption and implementation of a new updated strategic plan study offer numerous benefits for
the City and its residents:
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Clear Vision and Direction: A well-crafted strategic plan provides a clear vision for the City’s
future and outlines specific goals and objectives. This clarity ensures that all City departments
and stakeholders are aligned in their efforts and working toward a common purpose.
Effective Resource Allocation: The strategic plan helps prioritize initiatives and allocate
resources efficiently. By identifying key priorities, the City can direct funding, staff, and other
resources to areas that will have the greatest impact on achieving its goals.
Enhanced Accountability: With defined goals and performance indicators, the strategic plan
creates a framework for accountability. City officials and departments can be held responsible
for progress toward established objectives, fostering a culture of transparency and results-oriented governance.
Improved Decision-Making: The plan serves as a decision-making guide for City leaders. When
faced with choices about policies, projects, or investments, decision-makers can refer to the
strategic plan to ensure that their choices align with the City’s long-term vision and objectives.
Community Engagement: Developing a strategic plan often involves input from residents and
stakeholders. This engagement fosters a sense of community ownership and ensures that the
plan reflects the needs and aspirations of the people it serves.
Efficiency and Effectiveness: By focusing on strategic priorities, the City can streamline its
operations and eliminate redundant or low-priority activities. This leads to greater efficiency in
delivering services to residents.
Innovation and Adaptability: A strategic plan encourages innovation by setting the stage for
exploring new approaches and technologies to address emerging challenges. It also allows the
City to adapt to changing circumstances and unforeseen events while remaining aligned with
its long-term goals.
Measurable Progress: The plan includes performance metrics and benchmarks, enabling the
City to track its progress over time. This data-driven approach allows for evidence-based decision-making and ensures that resources are allocated where they are most needed.
Enhanced Financial Management: The strategic plan can guide budgeting and financial planning, ensuring that resources are allocated to initiatives that directly support the City’s strategic
objectives. This leads to greater fiscal responsibility and sustainability.
Resilience and Sustainability: A strategic plan can incorporate resilience and sustainability
goals, helping the City prepare for and mitigate the impacts of environmental and economic
challenges.
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City of Eustis, Florida
Adopted Budget
69