Page 13 - PantegoFY24AdoptedBudget

FISCAL YEAR 2023-2024 BUDGET PLANNING CALENDAR

DEADLINES ACTIVITY COMMENTS
Monitor current year budget. Monitor plans, Revise goals and objectives, performance
goals, objectives, and performance measures measures. Draft decision packages. Draft
for success. Stay abreast of the financial program reduction decision packages.
climate for your area of expertise. Define new Consult resources. Gather information
policy issues confronting the department for needed to create decision packages.
the next five years. Refine existing plans,
October 1 - Spring goals, objectives. Put goals, objectives, and
performance measures for future initiatives
down on paper. Formulate costs and
revenues for future initiatives. Special
emphasis should be put on future capital
improvements and their estimated costs.
Study fee/rate changes.
June 21 City Manager presents the proposed FY2023-
2024 Budget Calendar to the Town Council.

June 25 Initial estimates from Tarrant Appraisal Finance to analyze and calculate estimated
District (TAD). property tax revenue.
June 25-27 Budget Kickoff. Distribution of budget Departments/Divisions complete current year-
directives to department heads. Worksheets end estimates and base budget estimates.
for forecasting current year-end estimates The FY2022-2023 base budget is the target
and new year operating budget estimates budget for FY2023-2024. However, be
delivered to departments. (Budget packets) cognizant of areas that may be directly
impacted by both inflationary and broad
economic recession pressures. There may
be even more fluidity to the coming year than
there ended up being during the COVID-19
Pandemic, as well as the past year. Note any
areas where you see / (expect)
improvements and/or any remaining or new
challenges. Explain any increases (or cuts
you might propose) that must be added to the
base budget in the detail and in your decision
packets. Please add this year a five-year
strategic plan to your submittal. This can
include any projected large Capital Projects,
Asset purchases, replacements,
improvements, as well as any changes in
personnel levels, policies you may foresee
etc. At this point the purpose is to simply
begin a dialogue with Council and provide
more transparency into the future needs of
each department.

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ADOPTED BUDGET FY2023-24 TOWNOFPANTEGO.COM/BUDGET PAGE 11