| Key Outcomes | Sucess Indicator | Supporting Goals | Performance Measure | Lead Responsibility | Priority |
|---|
Goals: Ensure that the City of Martinsville remains a financially viable and sustainable community.Activities Key:| 7.1.Balanced budget. Regular reports submitted by staff on efforts to raise revenues and reduce expenses. Focus efforts on "growing the top line." | Each year the City Council and Manager create and adopt a balanced budget. | Working group created for pre-budget related discussions. Working group to include Department Heads, City Manager and Council. | Working group has met. Balanced budget created. Develop strategies to incentivize investment in properties to increase property values. Develop strategies to grow revenue. Develop a continuous improvement program. | Council, City Manager, Department Heads | Immediate |
| | Working group established with City Schools to create a budget for the school appropriation. | Working group would seek to accomplish:- Creating a transparent process by which the City and School administrations jointly develop a school budget.- Creating line-item accountability for both the City Council and School Board regarding the school budget.- Toning down of rhetoric between the two organizations.- Improve communication between the two organizations.- Continuous review process with the working group meeting periodically throughout the year to review the budget and compare it to actuals.- Creating trust between the organizations.- Explore the possibility of using a funding formula. | Council, City Manager, Superintendent, School Board | Immediate |
| 7.2.Priority based budgeting. | Each year the Council and City Manager meets to determine the Council's top priority for the year. A budget is then developed around those priorities. | Priorities determined. | Budget created. | Council and City Manager | Immediate |
| 7.3.Maintain strong financial rating. | City maintains strong rating through continued conservative fiscal management and low debt loads. | Balanced budget created within revenue constraints. | A+ rating maintained. | Council and City Manager | Immediate |
| Update 5-year expense and revenue projections. | Revenue projections for the next 5 years are created.. | Projections present to Council. | Council and City Manager | Immediate |
| | 20-year capital improvement plan created. | Plan present to Council. | Council and City Manager | Immediate |