COUNTY OF ALBEMARLE

 

EXECUTIVE SUMMARY

 

 

AGENDA TITLE:

Five-Year Financial Plan Work Session

 

 

SUBJECT/PROPOSAL/REQUEST:

Staff presentation on the County’s Five-Year Financial Plan

 

 

STAFF CONTACT(S):

Messrs. Tucker, Foley, and Wiggans

 

 

LEGAL REVIEW:   N/A

 

AGENDA DATE:

November 5, 2008

 

ACTION:                INFORMATION:  X

 

CONSENT AGENDA:

  ACTION:              INFORMATION: 

 

 

ATTACHMENTS:   Yes

 

 

REVIEWED BY:

 

 

BACKGROUND:

On the Board’s agenda for November 5, 2008 is the initial presentation and discussion of the County’s Five-Year Financial Plan.  As discussed at the Board’s Strategic Plan Retreat on October 24, 2008, the significant downturn in the economy will have a considerable impact on the revenue picture this year and into the future. Specific information about revenue projections, as well as expenditure forecasts, will be included in the Five-Year Financial Plan staff is presenting at Wednesday’s meeting for Board review and discussion.

 

Attached for your information is the presentation from the recent retreat regarding the Five-Year Financial Plan.

 

 

RECOMMENDATIONS:

The initial review of the Five-Year Financial Plan is for informational purposes only.  Approval of the plan by the Board is scheduled for December, 2008.

 

 

ATTACHMENTS

Strategic Plan Retreat – Five-Year Financial Plan Overview

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