Page 62 - CityofEulessFY26AdoptedBudgetOrdinance2432

the City is to estimate revenues as accurately as possible to allow use of all available
funding.

The City Manager' s Office completes a final review of the budget and submits a preliminary
budget to the City Council. In accordance with Article VII, Section 2 of the City Charter, this
document must be submitted to City Council prior to August 1st

STRATEGIC PLANNING
The City Council meets for a winter work -session and a budget work -session each year.
During these work -sessions, a strategic planning session is held for discussion of short,
intermediate, and long- term goals. These goals and the fiscal impact are considered during
the budget process and serves as a guide throughout the year for staff.

COMPREHENSIVE PLAN

The City's long- term planning has been consolidated into a comprehensive five-year plan
produced by the City Manager' s office. This plan is updated every year and serves as the
City's "road map" to which infrastructure, facility, and park projects will be done in the coming
years. Each project contains a fiscal impact analysis.

The comprehensive plan includes a five-year plan for drainage infrastructure, streets
including overlay and construction, water and wastewater line replacement, City facilities,
and the parks master plan. The information included in this document is an integral part of
the budget process.

The Capital Improvements Program details all funded and unfunded projects that have been
identified to date and meets the requirements of the City Charter. Article VII, Section 2 ( 4)
requires " A statement proposing any capital expenditures deemed necessary for
undertaking during the next budget year and recommended provisions for financing".
Section 2 ( 5) further requires " A list of capital projects which should be undertaken within
the five ( 5) next succeeding years".

BUDGET ADOPTION
The City Charter provides:

After public hearing, the City Council makes any changes deemed necessary and
adopts the budget at least ten ( 10) days prior to the beginning of the next fiscal year by a
favorable majority vote of all members of the Council.

On August 2nd, the City Council plans to review the preliminary operating and capital
budgets. At their City Council meeting on August 4th, the Euless City Council plans to set a
date, time, and place for the budget public hearing on August 12th. City Council will consider
adoption of the Budget on August 18th. After the budget adoption, the Finance Department
prepares a monthly financial report which is presented to the City Council for their review.

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Ordinance No. 2432, Page 62 of 474