Fiscal Sustainability
By June 2023, the County Administrative Office will develop a fiscal resiliency plan for the 2022-23 Budget that sustainably eliminates deficits in the five-year General Fund forecast and identifies strategies to fund capital needs.
Verification link/documentation
Key Steps
| 1 |
2 |
3 |
4 |
| Update the County's five-year General Fund forecast and concurrently develop future capital funding gaps. |
Develop strategies and best fiscal practices to sustainably fund operations and meet capital needs. |
Collaborate with County leadership to complete the financing plan. |
Implement Board-approved operational plan and policies on long-term capital funding. |
| Plan Reference: |
Target:
|
Baseline: |
Progress: |
| 6.C.i, 6.D.i |
$0 Structural Budget Deficit |
$4,000,000 |
100% ($0) |
The structural deficit is a forecast of future expenditures and revenues.