Richmond’s Fiscal Year 2016/17-2020/21 Five-Year Strategic Business Plan
The City of Richmond’s Fiscal Year (FY) 2016/17-2020/21 Five-Year Strategic Business Plan (Strategic Business Plan) has been developed to help the Richmond City Council, City department staff and the community, assess the effects of today’s policy decisions on the City’s future and quality of life of its residents. As a blueprint for prospective opportunities and endeavors, the Strategic Business Plan outlines the City’s strategic goals, identifies objectives and actions needed to achieve goals, and sets indicators of success. The Strategic Business Plan is also designed to determine priorities for City operations and the annual budget, and to help guide the City’s Capital Improvement Plan.
Relationship of the Strategic Business Plan to the City’s General Plan
The Strategic Business Plan is one of the key tools for implementing and operationalize the City’s General Plan. The General Plan provides an overarching vision and sets policies for guiding the physical, economic, social and cultural development of the City over the next twenty years. In contrast, the Strategic Business Plan looks at the next five years and outlines the strategies, projects and programs that will support a phased implementation of the General Plan. The City’s Capital Improvement Plan (CIP) and Operating Budget then prioritize these projects and programs on an annual basis.
The Strategic Business Plan will support the decision makers and the community in ensuring that investment of financial, physical and staff resources made today enhance and preserve the community’s quality of life into the future.