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This article deals with the successful long-term financial plan (LTFP) of San Clemente, California. A number of tools were used by the city's LTFP that can be employed by any organization. $149 million is the total budget of the city for 2007-2008. Particular focus is given to the small LTFP team formed to address the major issues identified for analysis. The city identified several categories of improvement including plan development, commitment to the LTFP process, stakeholder involvement, and plan execution.

Offers an approach for an annual fiscal assessment and systematic evaluation of local government finances. Importance of long-term financial planning in fiscal management; Approaches used by the city of San Clemente, California in developing its long-term financial plan; List of San Clemente's long-term financial plan problems and solutions from 1993 to 2003.