HomeMy WebLinkAboutFIN 2017-02-22 Item 2C - Discussion - Finance Department Strategic Plan and OperationsCity of Tukwila
Allan Ekberg, Mayor
TO: Finance Committee
CC: Mayor Ekberg
FROM: Peggy McCarthy, Finance Director
DATE: February 15, 2017
SUBJECT: Finance Department Strategic Plan & Operations Overview
ISSUE
Review of the Finance Department's Strategic Plan and Operations Overview to enhance
awareness of the array of financial services provided, the challenges faced, and the strategies
identified for making improvements.
BACKGROUND
In the fall of 2015, with guidance from John Luthy of Futures Corp and pursuant to the guidelines
in his book, "Planning The Future; A Guide to Strategic Thinking and Planning for Elected Officials,
Public Administrators and Community Leaders", the Finance Team developed a draft Strategic
Plan and an Operations Overview. In August 2016, the Finance Team created a mission and
vision statement, further vetted the potential strategies for improvement and created a timeline
for accomplishing the strategies. The Plan and Overview documents were bound in a notebook
with the cover identifying the date of publication as August 31 5t and, also identifying the documents
as "a work in progress". The Strategic Plan identifies four major challenge areas (MCA's) and
creates a plan to meet these challenges and make improvements. The Operations Overview
describes the financial functions currently performed, grouping them into three core service areas;
Accounting and Financial Management, Budget and Long Range Financial Planning, and
Business Operations. Outputs, performance measures, standards and benchmarks, anticipated
community outcomes and planned operational improvements are also included.
DISCUSSION
Key components of the Plan and Overview will be shared with the Finance Committee to enhance
awareness and understanding of the scope of services provided by the Finance Team, the
challenges faced, and the strategies identified to meet these challenges and make improvements.
RECOMMENDATION
For information only.
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