Sustainable revenue strategies and funding options

• Goal 1: Develop strategies to improve financial sustainability.
• Goal 2: Seek alternate sources of revenue.

Tactic 1: Improve capital and asset management planning (Targeted Completion Date-July 2022)

Progress Update

• Researched and reviewed capital and asset management planning processes at other agencies and innovative practices (Spring 2022)
• Utilizing the research, began evaluation of current capital and asset management planning process to determine strengths and opportunities for improvement (Spring 2022)
• Implemented changes to improve process within available resources, including: redesigning the Capital Project Request Form, developing a more detailed long-range capital project spreadsheet and using additional evaluation metrics to determine the relative priority of projects (Spring 2022)

Tactic 2: Communicate the District’s financial condition and future outlook and the resulting impact on the ability to address community priorities (Targeted Completion Date-December 2022)

Progress Update

• Compiled list of metrics for reporting on the District’s financial condition, future outlook, and benefits provided to the community along with potential methods for communicating data (Spring 2022)
• Began inventorying available data to begin reporting (or track in the future) and developing a communications timeline (Spring 2022)
• Added messaging to relevant District news articles related to taking care of current assets to continue to tell our story (Spring/Summer 2022)