Strategic Priorities
Fiscal Responsiveness ( FR ) continued
Staff has also worked to incorporate replacement cycles for key equipment in the Town ’ s operating budget . The revised vehicle replacement process utilizes a pay-as-you-go approach and includes an annual funding appropriation to reduce fluctuations based on replacement requirements . This approach has also been utilized to address IT requirements as well .
Finally , the Town has begun to utilize a five-year operating budget model for planning purposes . This plan was developed to help identify long-term operating requirements and to allow for funding plans to be developed . In addition , this plan helps to ensure that the various operating requirements identified in the CIP will be accounted for in the operating budget .
The planning efforts described above provide the Town with the necessary information to make strategic investments needed to build and maintain infrastructure . However , ensuring adequate funding is available to meet the identified requirements is likely to be a challenge . As a result , it will be critical for the Town to make a dedicated funding commitment to ensure assets are maintained after they are constructed . This will require significant investments in operating and capital as well as personnel in Public Works and Information Technology .
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