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CL- 2087 Work Session   Item #:   D.    
Work Session Meeting
Meeting Date: 03/19/2019  
Subject:    Multi-Year Budgeting Update
From: Ken F. Larking

COUNCIL ACTION
Work Session Meeting:     03/19/2019
SUMMARY
The City Manager will provide an update on the Multi Year Financial Planning Committee's work to date with recommendations on how to close the City's five year funding gap.
BACKGROUND
Last year, City Council adopted multi year financial forecasting and budgeting as part of its financial policies.  Later that year, the National Resource Network presented the City of Danville with a multi year financial plan and budgeting tool.  Since then, the City Manager has held several meetings of the Multi Year Financial Planning Committee.  The group met on March 7th to discuss the current status of the budget process and the five year outlook.  They recommended that the City Manager provide City Council with an update on their activities and the challenges they see for the upcoming five years.  
RECOMMENDATION
This item is for presentation and discussion purposes.  No action is required, but general guidance is sought.  

Attachments
No file(s) attached.

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