Laserfiche WebLink
rrior to departinental distribution, the Council typically sets overall goals for the City Management teart <br />to aid in their budget preparation. Those goals usually consist of <br />U Infrastructure goals <br />■ City service goals <br />■ City performance goals <br />* City property tax goals <br />These goals are then to be 'incorporated to the greatest extent possible within each department' <br />subwnittal. <br />In early ApTil the budget materials are distributed to all departments, The budgetary requests are then <br />returned to the City Finance team for compilation and preparation for the City Manager review. <br />The Finance Departinent usually meets with each department during the preparation process to work ou-j <br />any details or clarifications. Areas which cannot be resolved or are particularly affected by managememi <br />P1 Ol icy are set aside for a meeting with the City Manager. <br />Upon final resolution of the major issues, the City Manager, with the assistance of the Finano-i <br />Department presents the recommended budget to the City Council. The presentation is intended to <br />romrovide the Council with the type ' of information, to assure that Council policy direction is bein�p <br />followed with particular emphasis on the Council's objectives set for the budget year. <br />Finance Compflation and Preparation Procedures. <br />The City FM'ance Director prepares an estimate of revenues M'cluding the property tax revenue based on- <br />!he Council's tax objectives for the budget year. <br />A review of the budget submittals, include an allocation of capital requests with respect to fanding: e.g. <br />items which are replacement in nature and could be fanded ftom the respective replacement funds, or <br />items which are new and would require a property tax levy for a first time purchase. In addition, <br />W <br />cequests are reviewed in light of departmental goals, City Manager policy directions and the City <br />Council's overall objectives. <br />The objective 'is to have a balanced budget to be presented to the City Council and that the budget has <br />been prepared to not negatively affect net reserve operating balances or to create future financial <br />obligations for which the -Council is not prepared to affin-n. <br />128 <br />