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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 Budgets Based on Property Tax Updates

August 9: City Manager Delivers Recommended 5-Year Capital Improvement Program
and FY2023 Annual Budget

· Presentation of the City Manager’s Recommended FY2023-2027 Capital Improvement Program to the City
Council
· Presentation of the City Manager’s Recommended FY2023 Annual Budget to the City Council (includes a
presentation of CCPD funding application)
September 13: Public Hearing
· Public hearing on the City budget
September 27: FY2023 Operating and CIP Budget and Tax Rate Adoption

· City Council considers FY2023 Annual Budget and Five-Year Capital Improvement Program for adoption
· Public hearing on the tax rate
· City Council adopts tax rate for FY2023
· Action establishes split between operating/debt service tax rates
November: Adopted Operating Budget & 5-Year Capital Improvement Program
Published

· Fiscal Year 2023 Adopted Operating Budget Book is published
· Fiscal Year 2023-2027 5-Year CIP is published
December 2022 – January 2023: Year-end Finalization of FY2022

· Verify all transactions have been completed for FY2022 for both Operating and Capital funds
· Confirm all M&C’s have been completed and processed for FY2022
· Executive level Year-End Financial review and address any concerns/provide feedback

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