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CC - ACTION ITEM: Discussion of the Adopted Strategic Goals for 2024-2029 to Help Inform the Budget Process and Direction to the City Manager as Appropriate.
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Meeting Date: February 16, 2024
Contact Person/Dept: Lisa Soghor/Finance Department
Phone Number: (310) 253-5865
Fiscal Impact: Yes [] No [X] General Fund: Yes [] No [X]
Attachments: Yes [X] No [ ]
Public Notification: (E-Mail) Meetings and Agendas - City Council (02/082024)
Department Approval: Lisa Soghor, Chief Financial Officer (02/08/2024)
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RECOMMENDATION
Staff recommends the City Council discuss the Adopted Strategic Goals for 2024-2029 to help inform the budget process and provide direction to the City Manager as appropriate.
BACKGROUND
The City of Culver City has an annual budget cycle. Each year, the City's Finance Department develops and presents the annual budget using the best practices for municipal budgeting as established by the Government Financial Officers Association (GFOA), a national organization of fiscal officers, in accordance with Council's direction. The City has consecutively received the GFOA's Distinguished Budget Presentation Award for over 30 years. GFOA requires that the adopted budget include a coherent statement of organization-wide, strategic goals and strategies that address long-term concerns and issues.
In 2018, Council adopted strategic priorities for 2019-2023. The subsequent City budgets and work plans were prepared to address these strategic priorities. As this five-year period concluded, the City Council was asked to consider and adopt updated strategic goals to inform the City's budget process for the next five-year period.
On November 13, 2023, the City Council adopted the following Strategic Goals for 2024-2029:
* Ensure Long-term Financial Stability
* Enhance Mobility and Transportation
* Improve Housing and Homelessness Services
* Promote Diversit...
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