INTRODUCTION
Strategic Business Plan Provides five-year General Fund revenue and expenditure projections, and balancing measures to achieve long-term financial sustainability of the City. This chapter also includes descriptions of the City Council strategic priorities that set the foundation of the five-year strategic business plan, which align with each department goals, performance indicators, and budget allocations.
The City’s five strategic priorities include: 1. Quality of Life
Placing high value on public safety
Providing high quality recreation and open space opportunities 2. Natural Environment Promoting the conservation of natural resources and protecting the environment 3. Traffic and Mobility Enhancing Citywide mobility through transportation improvements 4. Fiscal Strength Building up the Contingency Reserve to 25 percent in good times, and utilizing wisely in difficult times Continuing efforts to reduce unfunded pension liability Continuing responsible investment in key infrastructure, such as facilities, streets, vehicles and technology 5. Organizational Excellence Providing high-quality essential City services Promoting innovation through effective use of technology to streamline business processes and increase responsiveness to the community Recruiting and retaining highly competent staff Strategic Technology Plan The Strategic Technology Plan highlights the City’s investments in Information Technology and provides a two-year budget and a five-year technical plan. The plan supports the City’s immediate needs and defines strategic priorities to maintain operational viability, increase efficiency, and promote innovation. The plan is updated biennially to capture evolving City priorities, reflect the latest technology trends, and ensure responsiveness to customer needs. The focus areas include: Cloud Computing, Cybersecurity, Disaster Recovery, Innovative Solutions, Mobility Solutions, and Open Data. Financial Policies Provide a budget guideline and outlines rules and principles that guide the development and administration of the operating budget, including rules for budget adjustments after adoption. The City of Irvine budget document contains the following Fiscal Policies: Long-Term Financial Planning Biennial Budget Capital Improvement Program (CIP) Budget Balanced Budget General Fund Contingency Reserves Infrastructure Funding Interfund Transfers and Loans User Fees and Cost Recovery
FY 2023-25 Adopted Budget
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