Page 78 - Watauga FY21 Budget

FISCAL YEAR 2020-2021
BUDGET CALENDAR

Date Group Affected Action Needed Requirement
City Wide Budget
Strategic Planning - City Council directs City
9/21-22/2019 CM/ CC/Directors Manager on Budget Objectives for FY 2019-20 &
Future
Thu, Apr 9, 2020 Directors / FD / CM Budget Kick-Off
Thu, Apr 9, 2020 Directors / FD / CM Budget training - As needed on individual basis Optional - Refresher - contact Finance
Mon, Apr 20, 2020 Directors/CM Capital Outlay Plan Update Update COP Plan - Committee
Plan for possible debt issuance based on
Mon, Apr 20, 2020 Directors/CM Bond Committee - 2020 CIP/COP needs
CIP/COP needs
Mon, May 4, 2020 Directors / FD Baseline Budgets &End of Year Projections Due
Mon, May 4, 2020 Directors/FD New & Expanded Requests Due
CIP Development Update with Engineer
March - May 2020 Directors/CM Capital Improvement Plan Update
based estimates.
5/13/20220 FD/CM Budget Update to Council
Preliminary TAD Taxable Values are received. Tarrant Appraisal District submits
Fri, May 15, 2020 TAD / FD Finance Department begins Effective and Rollback preliminary tax values to cities
Tax Rate Analysis.
Fri, May 22, 2020 FD Preliminary Revenue Estimates
Finance Department submits preliminary
Fri, Jun 5, 2020 FD / CMO
consolidated budget to CMO
Meeting with City Manager - Directors -
Wed, 6/10/2020 -
6/16/2020 Directors/FD/CM Budget Request Discussions Finance Director to allow departments to
present budget requests
Mon, Jul 13, 2020 CC/Directors/CM Budget Workshop
Revenue estimates updated and revisions to the
Fri, Jul 24, 2020 TAD / FD
Budget Book are made as necessary.
Mon, Jul 27, 2020 CM Final Decisions & Budget Message Prepared
Fri, Jul 31, 2020 FD / CM Submit Preliminary Budget to Council Article IX Sec.9.02B. Home Rule Charter
Publish Notice of Availability of the proposed
Fri, Jul 31, 2020 CSO for CC Article IX Sec9.02C. Home Rule Charter
budget document for public inspection
Meeting of City Council to discuss tax rate; if above
Wed, Aug 5, 2020 CC no new revenue rate, , take record vote and
schedule public hearing.
Budget Presentations - Budget Highlights & Tax Present Deminimus Rate Calculation and
Wed, Aug 5, 2020 CC/Directors/CM
Rate and Department Budgets SB2 changes
Publish "NOTICE OF 2020 TAX YEAR PROPOSED
PROPERTY TAX RATE FOR CITY OF WATAUGA Chapter26 Sec.26.06(b) Property Tax
Fri, Aug 7, 2020 CSO for CC (1st quarter page notice in newspaper and on TV Code
and Website, if available, published at least seven
(7) days before public hearing.

Mon, Aug 10, 2020 CC/Directors/CM Planning documents workshop CIP, COP, PIP
Public Hearing on Budget/Tax Rate - Announce
Mon, Aug 24, 2020 CC date, time, and place of the meeting it will vote on Chapter26Sec.26.06(a) Property Tax
Code
proposed tax rate.
Public Hearing on Tax Rate. Reading of Ordinance
to Adopt Budget. Meeting to adopt tax rate.
Meeting is 3-14 days after public hearing. Taxing Article IX Sec. 9.02E, home rule charter
unit must adopt tax rate by the later of September Chapter26Sec.26.06(a) Property Tax
Mon, Sep 14, 2020 CC Code SB2 new requirement - over 3.5%,
29, or the 60th day after receiving certified
appraisal roll. SB2 requires if taxing entity goes must be 71 days before November
election. 71 days
above 3.5% increase in tax rate, entity must adopt
tax rate 71 days before November election.
Thu, Oct 1, 2020 ALL Budget Implementation

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