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Ehlers outlines 3-month financial management plan to guide Crookston’s long-term budgeting
Summary
Todd Hagen of Ehlers told the council the financial management plan is a 10-year road map to evaluate the general fund, reserves, debt and project timing; the firm will work with staff and hold council workshops over roughly three months.
Todd Hagen of Ehlers briefed the Crookston City Council on the firm’s financial management plan (FMP), calling it "basically... a road map, 10 year look into the future of your general fund" and explaining it will inform funding strategies for operating and capital needs.
Hagen said the FMP will: examine three years of audits and current-year finances, review the 2025 budget and evaluate reserve policies; model options for bonding versus internal funding; and prioritize projects by timing and funding source. He described five scoring criteria Standard &…
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