TO: AC Transit Board of Directors
FROM: Michael A. Hursh, General Manager/Chief Executive Officer
SUBJECT: FY 2023-24 Budget Goals
BRIEFING ITEM
AGENDA PLANNING REQUEST: ?
RECOMMENDED ACTION(S):
Title
Consider receiving an overview of staff's proposed FY 2023-24 Budget Goals. [Continued from the March 22, 2023 Board of Directors meeting.]
Staff Contact:
Chris Andrichak, Chief Financial Officer
Body
STRATEGIC IMPORTANCE:
Goal - Financial Stability and Resiliency
Initiative - Financial Efficiency and Revenue Maximization
Budget goals and focus on the budget creation process.
BUDGETARY/FISCAL IMPACT:
There is no fiscal impact associated with this report.
BACKGROUND/RATIONALE:
The proposed goals and descriptions align with the District's Strategic Plan, including District goals and initiatives:
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* ?Safe and Secure Operations
* ?High-Quality Operations
* ?Financially Resilient
* ?High-Performing Workforce
* ?Strong Stakeholder, Policymaker and Public Communications
* ?Environmental Improvement
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?These goals are meant to be high-level themes for the purpose of assembling the budget, and they cannot comprehensively represent all the items and initiatives that are included in the budgets of the various departments. The descriptions of these goals in Attachment 1 include some of the items and initiatives that will be included in the budget, and these descriptions were enhanced after Board comments from the prior meeting. As part of the budget process the departments will identify which of the six goals their entries will most directly support.
The most pressing item financially for the District is the looming "fiscal cliff", but despite that reality District staff must still make sure that their individual functions have the budget needed to perform required tasks. Some examples of what staff must budget for are as follows:
* Ensure Human Resources, Training, and Operations have the resources to continue fast-paced recru...
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