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1/2/2025 <br />1 <br />Budget Presentation & Principles Discussion <br />January 9, 2025 <br />Objectives <br />1.Budgets and Budget Process <br />2.Restricted vs. Unrestricted Sources <br />3.Budgets Do Not Include All the Funding Needs <br />4.Financial Challenges <br />5.Long-Range Financial Planning <br />6.Key Financial Policies <br />7.Budget Principles <br />2 <br />1 <br />2 <br />Page 85 of 109