Included within the City of Shakopee's 2020 - 2024 Strategic Plan as part of the strategic priority of Financial Stability was the strategic initiative of developing a long-term financial plan.

As the City Council, you play a key role in financial planning such as setting a service vision, adopting financial policies and keeping long-term financial sustainability at the forefront of decisions.

Unlike the annual audit report and annual budget book, there is no set guidelines or template to follow when preparing a long-term financial plan.  There is value in going through the exercise and discussing the city finances from a wider perspective.  The long-term financial plan presentation covers trend analysis and General fund projections.  This workshop will serve as a preliminary step in the annual budget and capital improvement planning processes before determining the annual needs of the city. The long-term financial plan will be incorporated in the Ctiy's published Capital Improvement Plan.