CC - Agendas - City Council - STUDY SESSION - 2/14/2023

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Community First - Courage, Grit, and Duty - Driven by Excellence Page 14 Connection to the City Strategic Plan The City of Prescott’s 2023 strategic plan guides the city council in policy deliberations and decisions. The fire department receives a significant share of the general fund, and the department is very interested in leveraging the fire department plan in support of achieving overall city priorities. The following highlight the major elements of the City of Prescott’s Strategic Plan that the fire department contributes to in connection with this plan to help the city meet overall goals and objectives. Goal #1: Maintain a Stable General Fund. Objectives: 2. Provide adequate and stable funding and flexibility to maintain a balanced budget as required by the City Charter. Strategies: • Take a leadership role in forming local partnerships to seek infrastructure and other funding. • Explore the options of adding grant writing resources. 3. Monitor the City’s PSPRS unfunded liability status to ensure that past issues don’t occur. Strategies: • Implement a policy and mechanism to quickly pay down any future unfunded liabilities as they accrue. • Follow PSPRS board actions and state initiatives to evaluate impact on the City’s funded status. 4. Monitor Legislative, State Executive, and other Political Subdivision Actions. Strategies: • Continue to establish multiple-jurisdictional partnerships to achieve legislative, executive, and political subdivision actions. Goal #2: Economic Development – providing an environment to enable prosperity, job/career creation, and capital formation. Objectives: 3. Continue to monitor a moderate, healthy, and sustainable rate of growth to promote and maintain the quality of life for the City and to support the local economy. Strategies: • Establish and review quantitative data regarding growth at least annually utilizing federal, state, and local data to track the number of jobs, number of residences, and the population in Prescott to ensure the needs of the community are met. • Evaluate affordable housing through the City’s Workforce Housing Committee and outside partnerships. Fire Contributes Fire Contributes Fire Contributes Fire Contributes Fire Contributes Fire Contributes Fire Contributes 93