HomeMy WebLinkAbout10/11/2010 - Long Range Financial Planning - Economic Advisory Commission
Financial Services
300 LaPorte Ave
PO Box 580
Fort Collins, CO 80522
970.221.6505
970.224.6107 - fax
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Memorandum
To: Mayor Hutchinson and City Council Members
From: Economic Advisory Commission (EAC)
Rick Price, Acting Chair at the August 4, 2010 meeting
CC: Darin Atteberry, City Manager
Mike Freeman, Chief Financial Officer
Date: October 11, 2010
Subject: Recommendation on Long Range Financial Planning
In the spirit of City Plan which is currently underway, the Economic Advisory Commission
(EAC) recommends to City Council that city staff make forecasts of the city budget,
governmental funds, and expenditures out 10, 20 and 30 years. Furthermore, the EAC
recommends to City Council that a sensitivity analysis be conducted on those items deemed most
likely to impact those forecasts and update these as appropriate.
This recommendation was passed by a 3-2 vote.