BACKGROUND:

In 2003, the County developed a process to align the strategic planning process with the budget process. The Business Plan is an integral part of the strategic budgeting process and identifies specific budget initiatives to accomplish approved strategic goals and objectives.

STRATEGIC PLAN:

Objective 5.1: Develop a comprehensive funding strategy/plan to address the County’s growing needs.

DISCUSSION:

The Business Plan Work Session is designed to provide the Board with a preview of the proposed FY08 budget that will officially come before the Board in the March work sessions. Although the budget has not been finalized, this work session provides an opportunity for the Board to see the overall direction of the budget and to provide input on departmental budget initiatives and agency increases at this earlier stage in the budget preparation.  An updated revenue projection will also be provided.

The attachment provides a list of budget initiatives submitted by departments, which have been reviewed and prioritized by the County’s Leadership Council.  The agenda for the Business Plan Work Session is as follows:

• Revenue Update
• Allocation of New Revenues
  • Schools
  • Capital and Debt
  • Committed Operating Expenses
  • Other Operating Expenses
• Strategic Initiatives
• Five Year Financial Forecast

ATTACHMENTS

FY 07/08 Prioritized Strategic Initiative List

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