Laserfiche WebLink
1/2/2025 <br />23 <br />Budget Principles (cont.) <br />45 <br />•Staff is seeking input on the top three to five principles that will guide the <br />2025-27 budget development <br />•The intent is to spark discussion regarding the priorities and tradeoffs in <br />developing a balanced budget <br />Budget Principles (cont.) <br />46 <br />•Long-Term Fiscal Stability – Prioritize placing Pleasanton on a solid foundation <br />for long-term fiscal sustainability over short-term outcomes. Mitigate future risks <br />by taking precautionary actions, such as maintaining fund balances in all key <br />operating funds and identifying and funding unfunded liabilities with surplus funds <br />when available <br />•Use One-Time Revenues and Reserves for One-Time Uses – One-time <br />revenues should be used for one-time expenditures. Annual budgets should not <br />become overly reliant upon cyclical, unreliable, or one-time revenues. During <br />economic downturns and budgetary contractions, the use of reserves (e.g., rainy <br />day funds or other reserves) may be used to ease the transition to downsized or <br />reorganized operations. <br />•Organizational Health – Promote and maintain an inclusive work environment <br />that supports professional growth and development to retain and attract highly <br />qualified employees. <br />45 <br />46 <br />Page 107 of 109