This page uses extracted PDF text. Text can misread numbers, dates or table columns. Check the PDF before quoting or interpreting it. Redacted areas remain redacted.
BUDGET
Budget Adoption Timeline
City Council must approve the budget and fix a Real Estate tax rate by June 15. The budget calendar below
provides a timeline of the budget process.
Operating Budget Calendar
Date Action
July 1 Beginning of Fiscal Year
October Budget preparation instructions distributed to departments and agencies
November – January Departments and agencies develop budget requests
February – March Budget Hearings conducted by City Manager with Department of Budget & Evaluation
Late March City Manager submits proposed budget to City Council
April - May City Council work sessions on budget and budget public hearings
May 15 Date by which schools budget must be approved
June 15 Date by which City Operating Budget must be approved
June 30 End of Fiscal Year
Work Sessions
After the City Manager has submitted a proposed budget to the Council but before any public hearing is
held, City Council has one or more work sessions with the City Manager and staff. Work sessions can give the
members of City Council a better understanding of the key issues in the budget and the rationale behind the
City Manager’s strategy. They also give the members of City Council the opportunity to ask questions, identify
significant concerns, and suggest other issues they would like to see explored before the budget is adopted.28
Public Hearing
Before adopting the budget, City Council must hold at least one public hearing to give citizens an opportunity to
voice their support or objections to items recommended in the City Manager’s budget.
28
VML
30 | PART FOUR: BUDGETJump to an indexed page (52 of 52)