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City of Rochester Premiers Budget in Brief Video Meant to Provide Greater Understanding of Budget Process and 2020 Budget
The City of Rochester is pleased to release the first ever Budget in Brief video, which is complimentary to the document version, that was first developed for the 2019 budget. The Budget in Brief video features six City teammates, who explain the budget process, as well as details about the City’s 2020 budget. The Budget in Brief was created in an effort to ensure that the budget process is transparent, accessible and easily understood.
In 2018, the City of Rochester started to make improvements to the budget process. This included providing a larger window of time where the City Council and community had to review and give feedback. The budget improvement goals set forth were:
- Align resources with City Council strategic priorities
- Advance the City’s commitment to financial sustainability
- Prioritize both operating and capital expenditures
- Ensure sufficient revenues exist to deliver existing and proposed services and projects
City Administrator Steve Rymer shares, “On behalf of the entire organization, I am extremely proud of the steps we have taken to make improvements to the budget process. It is a reflection of the commitment to our community to provide a process and budget that is transparent, accessible and timely. We will continue to look for enhancements to the process as we move forward. We encourage all community members to watch the Budget in Brief video and review the document.”
The development of the budget is guided by the City of Rochester’s strategic priorities, budget policies, long-range fiscal sustainability, legal mandates, and service level prioritization.
The City of Rochester has a AAA rating and has received a Certificate of Achievement for Excellence in Financial Reporting for almost 50 years, the longest in the state of Minnesota. The City is able to maintain its positive financial condition and AAA credit rating due to the fiscally responsible actions taken in the prior years and by prudently investing in service level enhancements as resources allow.
More about the budget, including the Budget in Brief video, can be found here.