HomeMy WebLinkAbout06-17-2014 B1 MarxF. AGENDA
(Suggested additions in bold face) JUN 18 2014 CORRESPONDENCE
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Long Term Fiscal Responsibility Philosoohv `i�tisE`►vuk 1a�,�,� 1*t�Yx
Through long term fiscal responsibility efforts, the City will strive to achieve fiscal economic and
environmental accountability and sustainability, as well as maintain a quality of life residents find
desirable for current and future generations.
The City of San Luis Obispo will seek to achieve the following goals:
A.
Informed Decision - making.
The City will identify and consider immediate and long -term economic, social, and environmental
impacts of all decisions presented to Council.
B.
Shared responsibility.
The City recognizes a shared responsibility between the employee and employer to appropriately fund
employee benefits, including pension benefits. Ensuring an appropriate balance is a valuable tool in
attracting and retaining well qualified employees that deliver services to the community.
C.
Increased Transparency.
The City will conduct all business, including labor negotiations and other employee compensation
matters, with transparency pursuant to all applicable laws and regulations. The City will continue to
develop tools, such as key measures and dashboards that make information readily available to
community members in a timely and useful manner.
D.
Aligned Investments.
The City shall allocate resources in alignment with community needs and priorities for maintaining and /or
adding capital projects, assets and/or services.
E.
Diversified and Aligned Revenue Sources.
The City will pursue diversified revenue sources that are aligned with expenditures and community
priorities.
F.
Reduced Unfunded Liabilities.
The City will identify potential long -term unfunded liabilities in advance of Council direction and create,
present, and implement plans to reduce current or unavoidable unfunded liabilities.
H. Increased Efficiency and Effectiveness. (staff has suggested language for this section)