2004 Performance Based Budget - Laserfiche WebLink

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overview of the entire budgeting process. (Note; The City's fiscal year is January through December 31.) May 2003 -Preliminary meetings are scheduled with management and fiscal staff to organize and plan the coming year's preparation. During this time, the Mayor outlines his overall goals and guidelines for the following year's operating budget. June and July 2003 - A needs assessment review is completed. and the preliminary budget for each department/program is prepared. Overall reviews of revenue and expense projections, program costs, performance indicators and goals and objectives are all components of this segment. Early August 2003 -Departmental review of individual operating budgets; update projections and requests where necessary. Late August 2003 -Review of entire City 2004 Operating Budget, division by division by the City Controller. Focus on budget targets based on multi-year projections. Revisions and changes are made where necessary. Late August /early September begins the Council and Public portion of this process. August 25 through September 12, 2003 -Council review of budgets -informal hearings over a three-week period where the public and media are invited to attend. Over the past several years no fewer than 20 hours per year of detailed review and analysis have occurred. August 20, 2003 -Official filing of the 2004 Operating Budget with the City Clerk's Office for placement on the Council agenda. August 25, 2003 -First reading of the 2004 Operating Budget at Common Council Meeting. September 8, 2003 -Second reading of the 2004 Operating Budget and formal public hearing at the Common Council meeting. Members of the public may speak at this meeting. September 22, 2003 -Third reading and adoption at the Common Council meeting. Comments on the 2004 Operating Budget are limited to the Council Members at this session. State statutes require that the Common Council pass a budget no later than September 30 for the following year's operating budget. Mid October 2003 - On-sight review of 2004 Operating Budget by the Department of Local Government Finance. This review date is set by the state agency. The actual review process spans several months. Early January 2004 -Determination of year-end cash balances and preparation of the 2004 Capital Budget. Mid January 2004 -Official filing of the 2004 Capital Budget with the City Clerk's Office for placement on the Council agenda. xii