Page 29 - Fort Worth City Budget 2019

Processes and Policies

Budget Calendar

March 30: FY2019 Budget Kickoff

• Update of budget outlook, constraints and overall process
• Instruct departments on budget process
April: Budget Development & Month 5 Forecast Finalized

• Departments develop their FY2019 operating budget
• Departments forecast revenue and expenses for the end of FY2018
• Executive level review and use for 2019 Budget development
May 1 – 19: 5-Year CIP Feedback

• Departments provide feedback on consolidated 5-Year CIP
June 19 – July 30: CMO Review of Proposed Budget

• Review of department operating budgets
• Review of proposed fee changes and additions
• Review of the consolidated Capital Improvement Plan (FY2019-2023)
• Decision package review
• Tax rate discussion
• Review of FY2018 forecast – FY2018 budget impacts
July 25: Certified Tax Roll Received

• Receive certified appraisal values
August 7: City Manager Delivers Recommended 5-Year Capital Improvement Plan

• Presentation of the city manager’s Recommended FY2019-2023 Capital Improvement Plan to the City
Council
August 14: City Manager Delivers Recommended Annual Budget

• Presentation of the city manager’s Recommended FY2019 Annual Budget to the City Council (includes
presentation of CCPD funding application)
August - September: City Council Budget Work Sessions

• City Council reviews key elements of the FY2019 Budget with city staff
August 28: CCPD Budget Presentation, Public Hearing & Possible Adoption

• Presentation of the CCPD Budget to the CCPD Board & Public Hearing
• CCPD Board considers CCPD Budget for adoption (Consider on 9/6 if not adopted)
September 18: FY2019 Budget and Tax Rate Adoption

• Council considers CCPD Budget for adoption (if delayed)
• Council considers FY2019 Budget & 5-Year CIP for adoption
• City Council adopts tax rate for FY2019 (action establishes split between operating/debt service tax rates)

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