Page 40 - FortWorthFY22AdoptedBudget

Processes and Policies

July 25 – 30: Certified Tax Roll Received

· Receive certified appraisal values
· Determine impact on budget development
July 27 – August 2: Finalize Operating and CIP Budget Based on Property Tax Updates

August 3: City Manager Delivers Recommended 5-Year Capital Improvement Program

· Presentation of the City Manager’s Recommended FY2022-2026 Capital Improvement Program to the City
Council
August 10: City Manager Delivers Recommended Annual Budget

· Presentation of the City Manager’s Recommended FY2022 Annual Budget to the City Council (includes a
presentation of CCPD funding application)
September 14: Public Hearing

· Public hearing on the city budget; Public hearing on the tax rate; and approve proposed fee changes
September 21: FY2022 Operating and CIP Budget and Tax Rate Adoption

· City Council considers FY2022 Budget for adoption
· City Council adopts tax rate for FY2022
· Action establishes split between operating/debt service tax rates
October – November: Year-end Finalization of FY2021

· Verify all transactions were completed for FY2021 both Operating and Capital
· Confirm all M&C’s have been completed and processed for FY2021
· Executive level Year-End Financial review and address any concerns/provide feedback
December: Adopted Operating Budget & 5-Year Capital Improvement Program

Published

· Fiscal Year 2022 Adopted Operating Budget Book is published
· Fiscal Year 2022-2026 5-Year CIP is published

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