Item Coversheet
City of Independence
AGENDA ITEM COVER SHEET
Agenda Title:

Fiscal Years 2023-2027 General Fund Financial Forecast
Recommendations:

Receive presentation and give input to Staff on assumptions
Executive Summary:

The general fund five year forecast is a high level look at the City's operational plans over several years. A forecast helps identify any structural imbalances between the sources and uses. In the forecast, all similar revenues and expenditures are grouped together and projected using financial assumptions. 

 

This 2023-2027  includes audited year-end balances plus six months of the current fiscal year to allow for better projections.

 

The City Manager will be using these main financial drivers in preparation of the upcoming 2022-2023 budget process.

Background:

Due to the inclusion of December financial information, the presentation will be completed and attached prior to the meeting. 
Department:          City Manager's OfficeContact Person:          Zach Walker

REVIEWERS:
DepartmentAction
Finance DepartmentApproved
City Clerk DepartmentApproved
City Managers OfficeApproved
City Clerk DepartmentApproved
Council Action:          Council Action:         
ATTACHMENTS:
DescriptionType
Five Year Forecast UpdateBackup Material