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enough comparison of expenditures versus target and not enough review of revenue versus targets. Mr. Fialho believed Mr. Thorne was using many terms from the private sector. He noted staff has tried to identify the cost to provide a service, which is reflected in the budget. There is a short-term and long-term financial plan and he felt staff has done a good job with the short- term. There will be presentations on the long-term strategies that will focus on ten- year revenues and expenditures. The suggested matrixes can show relationships for planning. Matt Sullivan indicated he was encouraged by the concept of sustainability in the economic and fiscal elements and the General Plan overall. He agreed with Mr. Thorne that sometimes that phrase is overused, but in this case it is right on target. It is referring city finances and ways for the city to meet current needs as well as the needs of future generations. There is reference to balanced budgets, but that happens once and in this case sustainable city finances is about balanced budgets over the long term, especially in light of build out. He thanked staff and the Economic Vitality Committee for all their work on this element and he supported it in general. There are many strategies and tactics for fiscal viability. He wanted to know how to maintain that and felt there should be a strategic plan for the fiscal element. He liked the idea of a model for the General Plan build out land use. He asked what other strategies are there for looking at long term trends, forecasts or reviewing things going on in the state or country that could affect Pleasanton from a fiscal standpoint. Mr. Fialho stated that staff has done five-year plans and acknowledged that as the city approached build out it needed to have more long term planning. Now that the new Finance Director has come on board, that kind of long-term analysis will be done and a report presented to Council for input. Part of that process may require policy direction from Council. For instance, to pursue more retail expansion if there is a need to increase sales tax revenues; or to focus on residential or commercial development to create a sustainable fiscal environment. What Council appears to be looking for will be coming forward as a separate item. Mr. Sullivan acknowledged that but indicated a desire to have some kind of policy statement reflecting that. Under Goal 1, he wanted the environment included in the list of sustainable connections. He supported the Strategic Plan and looked forward to a session where he could present some comments. Mayor Hosterman also thanked staff and the Economic Vitality Committee for their work on these elements. Back in the early nineties, the community focus was on concerns about developing too quickly, too many houses and the direction of the city. At that time, this Element served the city very well and it has come a long way. She was pleased with the new language and changes included in the Element. With a few more changes, the Element will serve the city well to build out. She thanked staff for the hard work and for listening to the Council and all the Commissions in updating this very important Element. Ms. McGovern also thanked the Economic Vitality Committee and all the other Commissions for looking at this. Mr. Fialho clarified that these documents will come back to Council as a final document called a Draft General Plan to be reviewed, discussed and debated for final approval some time late this year. General Plan Workshop City Council 5 OS/23/06