This meeting on Tuesday, January 14, 2025, will be dedicated to seeking policy guidance from Council that will serve as the foundation for the City’s budget and goalsetting process. Staff plans to cover the following topics at this workshop:

a. Review survey responses and advisory body input. The report will include attachments containing the community survey responses and the advisory body input. These materials are intended to provide information to assist in the planning of the Community Forum; however, the responses will not be discussed in detail during the meeting.

b. Finalize plans for the Community Forum and Council Goal-Setting Workshop. Staff will present a proposed approach for the forum and goal-setting workshop at this meeting. 1 Tentative date pending future Council action on Council meeting dates.

c. Review of Financial Plan policies contained in the 2023-25 Financial Plan and update or recommend changes as appropriate. This may include proposed changes to the existing fund balance targets for enterprise funds and the capital replacement funds.

d. Review the organization of the Financial Plan and obtain Council guidance regarding the style of presentation expected or preferred by Council.

e. Review the long-term economic forecast.

f. Discuss additional discretionary payments (ADPs) to CalPERS intended to expedite paydown unfunded pension liabilities. This will include an overview of the City’s adopted plan to paying down pension debt and consideration of increasing the annual ADP to reflect increases to staffing costs over the last several years.

g. Review Long-Range Capital Improvement Plan (CIP). The Long-Range CIP provides a look at future infrastructure needs as envisioned by the General Plan and other Council-adopted plans. The Long-Range CIP is presented to Council as part of the Budget Foundation discussion and Goal Setting Process to provide context for future capital needs.