Budget 101: Citywide Business Plan: Seven goals with 63 objectives, 15 financial objectives and a five-year financial model
Scott Huizenga, budget officer, invites comments on the newly-released Citywide Business Plan.
September marks the start of a new blog series we’re calling “Budget 101.” Our first topic in this series is the newly-released Citywide Business Plan.
Budget development in the city is a year-round process that goes well beyond department requests and line-item accounts. The budget starts with long-term citywide goals and objectives that drive budget development. After the budget is adopted and implemented, we monitor performance and trends. And we restart the process building on the prior years’ trends and results. You can see the full description of the budget process with interactive links at kcmo.gov/budget, or click the graphic to the right.
The city manager and the Finance Department submitted the Citywide Business Plan and Five-Year Financial Model in late August. This is the City’s official, charter-required five-year financial plan. The Citywide Business Plan contains seven goals with 63 objectives, 15 financial objectives and a Five-Year Financial Model.
The Citywide Business Plan directly influences the annual budget. The City Council, through its committees, will review and revise each of the goals and objectives. The City Council also will review the Five-Year Financial Model. The model analyzes the City’s finances and proposes a series of “fixes” to balance the City’s long-term financial goals, such as adequate reserves (or “rainy day funds”), while maintaining the City’s desired services. The model is flexible to show what can happen based both on economic factors and policy decisions.
The Citywide Business Plan also provides the first opportunity for residents to influence the budget process. We invite residents to participate in Citizen Work Sessions to help determine whether the city strategy includes the appropriate objectives. The sessions will feature a new interactive budget game called “Pick Your Priority.” The game shows real-time results as participants use a process of elimination to choose the programs and services they consider most valuable.
This will be the third year of the Citizen Work Sessions. Prior participation by residents directly influenced the budget. For example, residents consistently identified neighborhood preservation programs, capital improvements, and public transportation as their top priorities. As a result, the current budget includes:
- A $10 million bond program to remove dangerous buildings
- A $5.1 million increase to the Kansas City Area Transportation Authority
- Nearly $600,000 for additional bulky item collection, leaf and brush drop-off, and recycling
- $850,000 to enhance Bruce R Watkins Drive
- $2 million local match for the Urban Youth Baseball Academy
- Over $24 million to advance “shovel ready” capital improvements projects.
Residents can RSVP for one of four upcoming Citizen Work Sessions at firstname.lastname@example.org or 816-513-1173.
The Citizen Work Sessions kick off in mid-September. RSVP soon to register your seat. Residents also can stay informed via the Budget Office website, this blog and via Twitter @kcmobudget. Residents should also continue to use Balancing Act to submit their budgets before the new season starts. Finally, I’m posting a #KCMOBudgetFactoftheDay via my Twitter handle @Scott_Huizenga.
We’ll continue our Budget 101 series over the next several months as the Council completes the strategic process and moves to the annual budget. We always welcome your feedback.
Previous budget blogs are archived here.