Page 19 - City of Bedford FY22 Budget

Budget Timeline

The C it y ’s { scal y e ar ru ns from Oct obe r 1 t hrou gh Se pt e mbe r 30 . (According t o t he C it y C hart e r, t he C it y
Manage r mu st pre se nt t he C ou ncil wit h t he propose d bu dge t no lat e r t han t he { ft e e nt h day of Au gu st
(Art icle IV, §4 .0 2).) The propose d bu dge t mu st also be { le d wit h t he C it y Se cre t ary at t hat t ime . Inclu de d in
t his se ct ion is t he bu dge t cale ndar followe d for t his y e ar ’s bu dge t cy cle .

M AR C H
Budget P reparatio n During this step, depa rtm ents a re responsible for reviewing their individua l budgets a nd
proposa ls for the upcom ing yea r. For depa rtm ents tha t a lso include a citizen a dvisory b
R ecrea tion) , the boa rd m em bers ha ve the opportunity to discuss priorities for the com ing
under considera tion with the budget.
AP R IL-JU LY
Budget Of {c e R ev iew Once the depa rtm ents ha ve com pleted their initia l budgets, depa rtm ent representa
Budget sta ff. The intent of these m eetings is to review budget requests for cla rity
docum enta tion. This is a lso tim e to ensure tha t requested a m ounts a re correct a
depa rtm enta l opera tions.
C ity Manager R ev iew The nex t step is the review of the prelim ina ry budget requests by the C ity Ma na ger. T
m eets with depa rtm ents individua lly to review their opera ting budgets a nd supplem enta
AU GU S T
P ro po s ed Budget The proposed budget m ust be subm itted to the C ouncil no la ter tha n the {fteenth da y
Submitted to C o unc il a ctua lly subm itted a t a tim e tha t will a llow enough tim e to review prior to the scheduled
the tim e of subm ission, a copy is m a de a va ila ble through the C ity Secreta ry’s Of{ce, a t th
the C ity’s website for public review.
Budget Wo rk Ses s io n This is the {rst public m eeting tha t the C ity C ouncil ha s to hea r presenta tions from the
the proposed budget a nd the corresponding ta x ra te. The Budget Work Session is gene
beginning of A ugust a nd a llows for a thorough presenta tion of the budget. It a lso a llow
discuss supplem enta l requests a nd form a consensus on wha t to fund in the upcom ing b
P ublic H earings o n Budget The C ity is required to hold one public hea ring on the budget. During the public hea r
& Tax R ate invited to sha re their com m ents on the proposed budget. In a ddition, if the m a x im um
considered is higher tha n the effective ra te, the C ity m ust hold two public hea rings to soli
the ta x ra te.
Ado ptio n o f the Budget & A fter delibera tion a nd listening to citizen input via the public hea rings, the proposed b
Tax R ate through a doption of a budget ordina nce by the C ity C ouncil. Once a pproved, the budg
policy of the C ity C ouncil a nd provides the a ppropria tions to fund C ity opera tions for the
yea r. A dditiona lly, the budget ordina nce sets the ta x ra te tha t is being used to fund the a
If tha t ra te will result in a n increa se in overa ll property ta x revenue, the C ity C ouncil m us
the ta x ra te, a ck nowledging the revenue increa se.
OC TOBER
I mplementatio n o f the This step com m ences with the beginning of the {sca l yea r. It is the opera tiona l pla n for th
Budget {sca l yea r. It is the responsibility of the C ity Ma na ger to ensure com plia nce with the a ppr
ea ch depa rtm ent m ust a ssist by ensuring their ex penditures a re in line with budgeted a
Ma na ger m a y a pprove the rea lloca tion of funds within a nd between depa rtm ents a s lo
tota l is not a ffected. A dditiona lly, the budget ca n be a m ended through procedures ou
C ha rter by a m a jority vote of the C ity C ouncil.

Mar 2 2 , 2 0 2 1
St aff Operat ing Budget K ic k- o ff

City of Bedford, TX | Budget Book 2022 Page 19