Page 475 - FortWorthFY22AdoptedBudget

c. Synthesis of the above to present the City’s financial position:

i. A clear presentation of the resources needed to
accomplish the capital improvements identified in the
City’s CIP and to maintain the existing capital assets.

ii. A clear presentation of the resources needed to maintain
services at their present level in addition to the
expansion of services as may have been identified
through the analysis described above.

iii. Identification of imbalances between the City’s current
direction and the conditions needed for continued
financial health.

3. Solution-Oriented- The LTFP will identify issues that may challenge the
continued financial health of the City, and the plan will identify possible
solutions to those challenges. Planning decisions shall be made primarily from
a long-term perspective and structural balance is the goal of the planning
process. For the purpose of this policy, structural balance means that annual
revenues equal expenses / expenditures and year end reserves meet the
minimum levels prescribed by City Reserves policies.

E. Continuous Improvement- City staff will regularly look for and implement
opportunities to improve the quality of the forecasting, analysis, and strategy
development that is part of the planning process. These improvements will
primarily be identified through the comparison of projected performance with
actual results.

F. Structural Balance- A Long-term structural balance is the goal from long-term
financial planning. Should the long-term forecasting and analysis show that the
City is not structurally balanced over the five-year projection period, staff would
make recommendations during the annual budget process, on how the plan can
be brought into alignment.

G. Non-Current Liabilities- The LTFP will address strategies for ensuring that the
City’s long-term liabilities remain affordable. The City Council supports efforts to
ensure that critical long-term liabilities like debt service, asset maintenance,
pensions, and other post-employment benefits remain affordable.

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