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THE BUDGET PLAN I. THE BUDGET PLAN SUPPORTS THE CITY'S FINANCIAL POLICIES This document is the City's comprehensive budget plan for all programs and services for fiscal years 2005-06 and 2006-07. The budget is also a statemem of financial policy. This fiscal plan demonstrates the City Council's leadership commitment of providing quality services. The continuation of quality services to the residents of Pleasanton has been possible because of solid community land-use planning which created a diverse revenue stream from the business and residential community to support the cost of providing services to both the business and residential populations. In 1996, an Economic/Fiscal Element was added to the City's General Plan. In December 1997, the City won a League of California Cities Helen Putnam Award of Excellence for Financial Management for its program "Financing Our Future", which is the City's long-term strategy to ensure its fiscal health. This plan is based on the goals and policies contained in the Economic/Fiscal Element. One of many components in this long-term strategy is the City's Replacement Plan, which plays an integral part in the Budget Plan. The City was granted an Award of Excellence for its last (2003-04/2004-05) Operating Budget from the California Municipal Finance Officers Association. Since 1997 the City has annually prepared an award- winning Comprehensive Annual Financial Report (CAFR). II. BUDGET PLAN PROCESS AND DOCUMENTS Budget preparation began this year with the midyear review of the current year's operating budget. The departments were then asked to complete program budget requests for the coming two years, keeping in mind the priorities developed by the City Council, which are outlined in Appendix A. Revenue projections were prepared by the Director of Finance (as outlined in Appendix D). The City Manager and Director of Finance reviewed the budget requests, and the budget was assembled as recommended by the City Manager. The Budget document provides financial summary and trend information, as well as department summaries of prior year accomplishments, and goals/objectives for the upcoming two budget years. In addition, the document contains organization charts, personnel staffing summaries, and program revenue detail. Appendices to the document provide historical and projected future trend information, financial comparisons to other Alameda County cities, City financial policies, glossary of terms, City debt summary, financial status report on the City's affordable housing loan program, information on the City's system of accounts, and a discussion of the basis for revenue projections. Throughout the budget document, the City Departments have included in their goals and objectives the City Council's priority projects in support of the adopted Shared Vision, and have included the resources needed to accomplish them in their budget requests. b-5