Page 66 - Watauga FY22-23 Budget

BUDGET CALENDAR 2022-2023

Date Group Affected Action Needed Requirement

City Wide Budget
Mon, Mar 14, 2022 Bond/COP Committee Update COP needs and estimates Due date April 15, 2022
March - April 2022 Bond/CIP Committee/Engineer Update CIP projects and estimates Due date April 29, 2022
Mon, Apr 18, 2022 Directors / FD / CM Budget Kick-Off
Mon, Apr 18, 2022 Directors / FD / CM Budget training (As needed on individual basis) Optional Refresher (contact Finance)
April - May 2022 Directors/FD/CM Personnel Improvement Plan Update
Fri, May 13, 2022 Directors / FD Baseline Budgets & Year End Projections Due
Thu, May 26, 2022 Directors/FD New & Expanded Requests Due
Preliminary TAD Taxable Values are received Tarrant Appraisal District submits
April - May 2022 TAD / FD
(Finance Department begins Tax Rate Analysis) preliminary tax values to cities
Fri, May 27, 2022 FD Preliminary Revenue Estimates
Finance Department submits preliminary
Fri, Jun 10, 2022 FD/CM
consolidated budget to CMO
6/15-6/22 2022 Directors/FD/CM Budget Request Discussions Meeting with City Manager & Directors
(Finance Director to allow departments
City Manager meets with Council to
Sat, Jun 25, 2022 CM/CC Budget Retreat
discuss budget priorities
6/20/022 CM/CC/Directors CIP, COP, Debt Workshop
Certified Appraisal Roll ReceivedTax Rate
Mon, Jul 25, 2022 TAD / FD Calculations and Revenue estimates (revisions to
the Budget are made as necessary)
Wed, Jul 27, 2022 CM Final Decisions & Budget Message Prepared
Mon, Aug 1, 2022 FD / CM Submit Preliminary Budget to CSO/Council Article IX Sec. 9.02B. Home Rule Charter
Publish Notice of Availability of the proposed 8/1/2022 Article IX Sec. 9.02C. Home
Mon, Aug 1, 2022 CSO for CC
budget document for public inspection Rule Charter
Budget Presentations Workshop
Wed, Aug 3, 2022 CC/Directors/CM (Budget Highlights & Tax Rate and Department
Budgets)
Meeting of City Council to discuss tax rate
Wed, Aug 3, 2022 CC (if above no new revenue rate, take record vote
and schedule public hearing)
Publish "NOTICE OF 2022 TAX YEAR PROPOSED Chapter 26 Sec. 26.06(b) Property Tax
PROPERTY TAX RATE FOR CITY OF WATAUGA
Sun, Aug 7, 2022 CSO for CC Code (published at least 7 days before
(1st quarter page notice in newspaper and on TV public hearing) 14 days
and Website, if available
Discuss Utility Rate model and proposed
8/22/2022 if needed CC/CM/FD User Fee Workshop
user fee changes
Public Hearing on Budget/Tax Rate
Chapter 26 Sec. 26.06(a) Property Tax
Mon, Aug 22, 2022 CC (Announce date, time, and place of the meeting it Code
will vote on proposed tax rate)
Mon, Aug 22, 2022 CC/Directors/CM Planning documents workshop 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 22, 2022 CC Code SB2 new requirement - over 3.5%
submission to CSO
(Must be 78 days before November
election)
Public Hearing on Tax Rate
(Reading of Ordinance to Adopt Budget)
Meeting to adopt tax rate
Mon, Sep 12, 2022 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)
Sat, Oct 1, 2022 ALL Budget Implementation

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