Laserfiche WebLink
SUBJECT: BUDGET DEVELOPMENT PROCESS & FINANCIAL POLICIES <br />DATE: JULY 23, 2020 PAGE 2 OF 4 <br />June City Council considers budget amendment for carry forward <br />of capital project budgets and requests for new <br />appropriations. <br />June Departments prepare six -year revenue projections for <br />revenue that is either collected or assessed by the <br />departments. <br />June - July Departments meet with the Human Resources Department <br />regarding requests for additional regular benefitted and/or <br />variable non-benefitted full-time equivalents (FTE's) <br />June - July Departments enter operational budget requests for 2021 and <br />2022 into the City's ERP system (Munis). <br />July City Council Budget Retreat to discuss general budget <br />process and to review preliminary recommendations from <br />the City Manager on the Capital Improvements Program. <br />July Departments compile updated key performance indicators. <br />August City Manager reviews operational budget requests with <br />departments. <br />September City Manager's Recommended Budget is presented to City <br />Council <br />September — October City Council holds various study sessions, meetings, and a <br />public hearing on the budget. <br />November City Council is presented with Resolutions to Adopt the <br />Budget, Appropriate Funds, and Levy Taxes <br />CITY COUNCIL COMMUNICATION <br />K, <br />