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Redmond finance outlines plan for performance reporting, contingency scenarios and a May update to long‑range financial strategy
Summary
Finance Director Cochran outlined plans to develop performance reports tied to budget priorities, create contingency scenarios for economic downturns, and issue a May revision to the city’s long‑range financial strategy; staff requested council feedback by June 6 and said they will bring performance conversations to council through the year.
The City of Redmond’s finance director presented a multi‑part plan to improve budget transparency and align performance measurement with budget priorities, while advancing the city’s long‑range financial strategy.
Director Cochran told the Committee of the Whole on May 13 that staff will develop performance reports that connect budgeted priorities and measures to results so council can assess whether the city is achieving stated outcomes. Cochran said the effort will start with the city’s top budget priority and proceed…
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