HomeMy WebLinkAboutAgenda CC 07.09.2012 SpecialNotice of Meeting of the
Governing Body of the
City of Georgetown, Texas
JULY 9, 2012
The Georgetown City Council will meet on JULY 9, 2012 at 4:00 P.M. at Council Chambers - 101 E. 7th
Street, Georgetown, Texas
If you need accommodations for a disability, please notify the city in advance.
Regular Session
(This Regular Session may, at any time, be recessed to convene an Executive Session for any purpose
authorized by the Open Meetings Act, Texas Government Code 551.)
A Call to Order
- A SPECIAL MEETING OF THE CITY COUNCIL
B Presentation, discussion and possible direction to staff regarding the 5 Year Business Plan -- Susan
Morgan, Finance Director; Micki Rundell, Chief Financial Officer and Paul E. Brandenburg, City
Manager
Adjournment
Certificate of Posting
I, Jessica Brettle, City Secretary for the City of Georgetown, Texas, do hereby certify that this Notice of
Meeting was posted at City Hall, 113 E. 8th Street, a place readily accessible to the general public at all
times, on the _____ day of _________________, 2012, at __________, and remained so posted for at least
72 continuous hours preceding the scheduled time of said meeting.
__________________________________
Jessica Brettle, City Secretary
City of Georgetown, Texas
July 9, 2012
SUBJECT:
Call to Order
- A SPECIAL MEETING OF THE CITY COUNCIL
ITEM SUMMARY:
FINANCIAL IMPACT:
SUBMITTED BY:
Cover Memo
Item # A
City of Georgetown, Texas
July 9, 2012
SUBJECT:
Presentation, discussion and possible direction to staff regarding the 5 Year Business Plan -- Susan Morgan,
Finance Director; Micki Rundell, Chief Financial Officer and Paul E. Brandenburg, City Manager
ITEM SUMMARY:
This plan was presented to the General Government and Finance Subcommittee at its June 27th
meeting. Comments and suggestions from that meeting have been incorporated into this presentation.
The 5 Year Business Plan has been developed as a PLANNING TOOL for the City in forecasting financial
capacity for the period ending 2017. The model includes programs and costs associated with meeting the
Council’s goals and objectives in implementing the City’s 2030 Plan. Revenues are projected as conservative
but attainable. Uncertain new revenue sources are not included. The purpose of this tool is to identify the
funding gap for Georgetown becoming the “City of Excellence” by 2017. It is not intended to “balance”
those out years.
The City’s 2012/13 Annual Budget is related to this Plan, yet independent of this process. The Budget is
appropriating and managing a single year’s programs and financial costs, whereas, the Business Plan is an
outcome based planning tool. The 2012/13 Budget is the base line of the Plan and is considered “balanced”
within the model. The Plan assumes an “all in” approach as an outcome with the target being implementation
of the 2030 Plan.
Staff has developed an extensive financial model that is the basis for this Business Plan tool. This
presentation will be an overview of the results of the Plan and provide a framework of opportunities that are
available to help in managing the financial outcomes.
This planning tool lays the groundwork for identifying strategies and policy decisions that will mitigate the
funding gap between current revenues and what is needed to achieve the City of Excellence at the lowest
possible cost (tax rate).
FINANCIAL IMPACT:
SUBMITTED BY:
Cover Memo
Item # B