The City operates on a fiscal year that begins on October 1 and ends on September 30. The budget for the City is adopted each September after a thorough review process involving staff and City Council. Budget requests are driven by various plans to include strategic plans, the major thoroughfare plan, and the parks/pathways plan. The budget is drafted using a modified zero-based budgeting model; new budgets are not derived merely by increasing previous years budgets, but are based on analyzing each request on an as-needed basis without the assumption that funding exists. The budget process is as follows:
Budget Process Calendar
As part of this process, a series of workshop meetings are conducted where the tax rate is adopted, and revenue, expenses, major purchases, capital projects and other relevant items are discussed in detail. Based on these discussions, City Council determines how to set the final budget for the upcoming fiscal year. Any unused funds for budgeted expenditures are saved for capital projects.
This year, the annual budget workshop meetings will be held on August 10-11, 2018. If Council needs more time to discuss the budget, another workshop will be held at a later date. All budget workshops are open to the public and citizens are welcome. Current and prior year budgets are posted on the City’s web site under Financial Transparency, along with annual audit reports, financial statements and expense reports.
The 2018 - 2019 Proposed Budget can be found here.