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INFORMATIONAL MEMO <br />Page 2 <br />tied to inflation. For example, salaries are typically increased by a proposed COLA, which is tied <br />to the Consumer Price Index (CPI). Then, based on available resources, the City considers adding <br />new programs or initiatives to the budget. These additional programs are tied to the City's current <br />priorities which are also tied to the Strategic Plan. <br />Other components of a budget process include adding performance measures as well as <br />developing financial policies (such as an incentive -based model, and /or establishing reserve <br />funds). These components can be discussed as part of the overall budget process discussion. <br />RECOMMENDATION <br />Based on available research, the recommendation is to move towards a Budgeting for Results <br />model, with an enhanced use of performance measures in the 2019 -2020 budget. The Committee <br />is being asked to review the available options, provide feedback to staff, and offer direction on <br />how best to engage the rest of the Council in making this transition. <br />ATTACHMENTS <br />1. Attachment A — Budget Models Available for Consideration <br />2. Attachment B — Common Budget Models Discussion <br />86 H: \Temp - Ana 1 \00.docx <br />