Page 76 - City of Westlake FY20 Budget

Section 2 Financial Analysis
Budget 101 Overview

BUDGET CALENDAR

MAR * ORIENTATION AND OVERVIEW OF BUDGET PROCESS
* FIVE YEAR PROJECTION SPREADSHEETS DISTRIBUTED FOR INPUT
* FORMS FOR CAPITAL PROJECTS AND MAJOR MAINTENANCE AVAILABLE
* REVIEW OF CALENDAR AND PROCESSES WITH COUNCIL
* REVIEW OF OVERALL TOWN GOALS

APR * YEAR-END ESTIMATE SPREADSHEETS DISTRIBUTED FOR PRIOR YEAR AMENDMENTS
* FINANCE AMENDS PRIOR YEAR BUDGET - BECOMES BASE BUDGET FOR NEW YEAR
* DEPARTMENTS ACCESS BUDGET TO REMOVE ONE TIME REVENUES AND EXPENDITURES
* OPERATING BASELINE BUDGET AVAILABLE FOR EDITING
* SERVICE LEVEL ADJUSTMENT FORMS AVAILABLE ON SHARED DRIVE

MAY * DETAIL REVIEW BY FINANCE DEPARTMENT
* GOALS AND OBJECTIVES AVAILABLE FOR EDITING ON SHARED DRIVE
* TOWN MANAGER AND FINANCE BEGIN REVIEWS WITH DEPARTMENTS

JUN * BUDGET MODULE OPEN FOR CHANGES TO BUDGETS PER REVIEWS
* PRESENTATION OF 5-YEAR FORECAST

JUL * PREPARATION FOR BUDGET RETREAT
* PREPARATION OF POWER POINT

AUG * BUDGET RETREAT
* PUBLISH NOTICE REGARDING CONSIDERATION OF PROPERTY TAX
* BUDGET WORKSHOP
* NOTICE FOR PUBLIC HEARINGS POSTED IN NEWSPAPER
* PRESENT PROPOSED MUNICIPAL BUDGET TO COUNCIL

SEP * PUBLISH NOTICE OF PUBLIC HEARING ON BUDGET
* PUBLIC HEARING ON BUDGET
* ADOPTION OF OPERATING BUDGET AND TAX RATE

OCT * NEW FISCAL YEAR BEGINS

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