Page 39 - FY 2026-2027 Adopted Budget Book

Economic Development Corporation (EDC-4B) Street Improvement Fund

Procedure

As part of the budget process, staff presents the City Council with a long-range forecast model to provide a
better understanding of the impact of budget decisions in the upcoming fiscal year. The forecast model serves
as a tool for sound decisions, accurate projections and financial management of the City’s Economic
Development Corporation (EDC-4B) Street Improvement Fund. The model calculates, predicts, and offers a
visual snapshot of the EDC-4B Street Improvement Fund's financial position for the next five years. It is
dynamic and staff can adjust as new revenue and expense data becomes available. More importantly,
the model is used to evaluate the future impact of hypothetical changes that can cause short or long-term
problems. The model enables informed decision-making by showing both the short-term and long-term
affordability of those decisions. The long-range plan is updated during discussions with the Street
Improvement Economic Development Corporation (SIEDC) and City Council as part of the budget process.

FY 2026-2027 Adopted Budget Book · September 15, 2026 35