Financial Planning and Transparency
Background: The Comprehensive Annual Financial Report (CAFR) is an audited financial statement prepared by an independent third party submitted to and approved by the City Council. It includes a Transmittal letter prepared by the city manager. Each transmittal letter from 2015, 2016, and 2017 has included language expressing the importance and critical nature of Long-term Financial Planning. Rigorous Long- term financial planning is necessary to deal with infrastructure requirements, changes in the law , and changes in the financial environment.
Question: Do you believe long-term financial planning should be a priority? As there is no evidence of a current long term plan or fund analysis, do you believe that it should be scheduled and communicated to the community?