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Processes and Policies



            Budget Calendar


            January 24 - February 15: City Manager’s Office Budget Prep Approved

               ·   Review of forward looking assumptions and financial models
               ·   Allocation review and approval
               ·   Prior Year Commitment review and approval
               ·   Review programmable spend and available capital fund balances
               ·   City Council Retreat
            February 21 – June 4: 5-Year CIP Development, Entry, and Review (2023-2027)

               ·   Review current 5-Year CIP and update/change existing years and add 2027
               ·   Executive level review and feedback for CIP development
            February 24 – June 4: Business Performance Plan Development

               ·   Departments review BPP and update for FY2023
               ·   Departments review and update Key Performance Indicators (KPI)
               ·   Executive level review and feedback on KPIs
            March 7 – April 14: Develop FY2022 Month 5 Forecast

               ·   Departments develop Month 5 Forecast of FY2022 operating budget
               ·   Departments forecast revenues and expenses for the end of FY2022
               ·   Executive level review of Month 5 Forecast
            March 25: FY2023 Budget Kickoff

               ·   Update of budget outlook, constraints, and overall process
               ·   Instruct departments on the budget process
            March 28 – June 10: FY2023 Budget Development

               ·   Enter Department Requests – matching adjusted budgets
               ·   Executive level review and approval for 2023 Budget development
            April 5 – July 30: FY2022 Revenue Manual

               ·   Provide data for improvements to the new Manual
               ·   Review fee schedules and data
               ·   Complete and compile final changes
            June 7 – August 9: Develop FY2022 Month 8 Forecast

               ·   Departments develop Month 8 Forecast of FY2022 operating budget
               ·   Departments submit plans to cover any budget shortfalls for FY2022
               ·   Executive level reviews Month 8 Forecast and finalizes FY2022 budget changes due to forecast
               ·   Create Wind-up M&C based on Month 8 Forecast
            June 15 – June 17: Budget Blitz – FY2023 CMO Budget Review
               ·   Departments present FY2023 budget requests and decision packages to the Executive level to review
            June 27 – July 1: CMO Budget Review – Decision Package Consideration

               ·   Review FY2023 Adopted Budget
               ·   Review and approve decision package requests





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