Long Range Financial Forecasts

The Long Range Financial Forecast (LRFF) provides a ten-year financial forecast of the General Fund based on City Council approved service levels and alternative financial scenarios. The LRFF reflects staff’s best estimates on the projected revenues and expenditures and is based on available information at the time of preparation. This forecast is used to guide the annual budget development, and assumptions are revised and refined as more information becomes available throughout the process. Staff also transmits Budget Development Guidelines with the LRFF to strategically plan and prioritize spending to ensure long term financial stability.