Page 116 - City of Watauga FY22 Adopted Budget

BUDGET CALENDAR 2021-2022

Date Group Affected Action Needed Requirement

City Wide Budget
Sat, Apr 24, 2021 CM/ CC/Directors Strategic Planning City Council directs City Manager on Budget
Objectives for FY 2021-2022 & Future
Wed, Apr 7, 2021 Directors / FD / CM Budget Kick-Off
Wed, Apr 7, 2021 Directors / FD / CM Budget training (As needed on individual basis) Optional Refresher (contact Finance)
Mon, Apr 19, 2021 Directors/CM Capital Outlay Plan Update Update COP Plan - Committee
Plan for possible debt issuance based on
Mon, Apr 19, 2021 Directors/CM Bond Committee - 2022 CIP/COP needs
CIP/COP needs
Mon, May 10, 2021 Directors / FD Baseline Budgets & Year End Projections Due
Mon, May 10, 2021 Directors/FD New & Expanded Requests Due
CIP Development Update with Engineer
April - May 2021 Directors/CM Capital Improvement Plan Update
based estimates
If Needed FD/CM Budget Update to Council
Preliminary TAD Taxable Values are received Tarrant Appraisal District submits
April - May 2021 TAD / FD
(Finance Department begins Tax Rate Analysis) preliminary tax values to cities
Wed, May 26, 2021 FD Preliminary Revenue Estimates
Finance Department submits preliminary
Fri, May 28, 2021 FD/CM
consolidated budget to CMO
Meeting with City Manager & Directors
6/1/2021 through Directors/FD/CM Budget Request Discussions (Finance Director to allow departments
6/3/2021
to present budget requests)
Mon, Jul 12, 2021 CC/Directors/CM Budget Workshop if needed
Certified Appraisal Roll ReceivedTax Rate
Sun, Jul 25, 2021 TAD / FD Calculations and Revenue estimates (revisions to
the Budget are made as necessary)
Mon, Jul 26, 2021 CM Final Decisions & Budget Message Prepared
Fri, Jul 30, 2021 FD / CM Submit Preliminary Budget to CSO/Council Article IX Sec. 9.02B. Home Rule Charter
Publish Notice of Availability of the proposed
Fri, Jul 30, 2021 CSO for CC Article IX Sec. 9.02C. Home Rule Charter
budget document for public inspection
Meeting of City Council to discuss tax rate
Tue, Aug 3, 2021 CC (if above no new revenue rate, take record vote
and schedule public hearing)
Budget Presentations
Wed, Aug 4, 2021 CC/Directors/CM (Budget Highlights & Tax Rate and Department Present Deminimus Rate Calculation and
SB2 changes
Budgets)
Publish "NOTICE OF 2021 TAX YEAR PROPOSED Chapter 26 Sec. 26.06(b) Property Tax
PROPERTY TAX RATE FOR CITY OF WATAUGA
Fri, Aug 6, 2021 CSO for CC Code (published at least 7 days before
(1st quarter page notice in newspaper and on TV
and Website, if available public hearing) 17 days
Review Utility Rate model and proposed
Mon, Aug 16, 2021 CC/CM/FD User Fee Workshop
user fee changes
Public Hearing on Budget/Tax Rate
Mon, Aug 23, 2021 CC (Announce date, time, and place of the meeting it Chapter 26 Sec. 26.06(a) Property Tax
Code
will vote on proposed tax rate)
Mon, Aug 23, 2021 CC/Directors/CM Planning documents workshop CIP, COP, PIP

Article IX Sec. 9.02E. Home Rule Charter
Chapter 26 Sec.26.06(a) Property Tax
Public Hearing on Budget - Must be 15 days after
Mon, Aug 23, 2021 CC Code SB2 new requirement - over 3.5%
submission to CSO
(Must be 71 days before November
election) 71 days
Public Hearing on Tax Rate
(Reading of Ordinance to Adopt Budget)
Meeting to adopt tax rate
Mon, Sep 13, 2021 CC By September 15th by City Ordinance
(Taxing unit must adopt tax rate by the later of
September 29, or the 60th day after receiving
certified appraisal roll)
Fri, Oct 1, 2021 ALL Budget Implementation

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