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Achieving FISCAL HEALTH 1. Spend within our means – How much can we spend? a. Start with revenues, not expenditures b. Differentiate ongoing vs one‐time c. Distinguish program vs general government 2. Establish and maintain reserves – What do we need for the future? 3. Understand variances (budget vs actual) – Why is there a “gap”? 4. What is the true cost of doing business – What is it that we do? a. Program inventory b. Mandated vs non‐mandated c. How much do they cost d. Identify net cost 5. Incorporate economic analysis and long‐term planning into decision making – What does tomorrow look like? FISCAL SUSTAINABILITY “It costs how much”