Long-Term Financial Planning
The District’s Long-Term Financial Planning (LTFP) process is a critical strategic planning effort that aligns the District’s financial capacity with the long-term delivery of water, sewer, and parks and recreation services. The LTFP process navigates financial challenges and evaluates opportunities that have the potential to impact the District’s financial condition over the next 10 years. It is designed to ensure long-term financial stability by forecasting revenue and expenses using assumptions about economic conditions, future spending scenarios, and other relevant variables.
The LTFP process will culminate in a Strategic Document that guides the District’s future capital investments and ensures the District can continue to fulfill its Mission, accomplish priorities identified in the 2022-2026 Strategic Plan, and prepare for financial security into the future.
Initiated in August 2018, the LTFP process includes a series of public Board meetings and presentations to help constituents understand the District’s current financial position, capital infrastructure needs, project commitments and goals, and financial policies. The public process is important to the Board of Directors and is consistent with the District’s commitment to transparency, and fiscal responsibility.