2020_0413_CCPacket - Laserfiche WebLink

Home

REQUEST FOR COUNCIL ACTION Date:April 13, 2020 Item No.:7.c Department Approval City Manager Approval Item Description: Establishing the 2021 Budget Process Calendar & Associated Information Packages 1 B ACKGROUND 2 In the last several budget cycles, the City Council established a general process and timeline (calendar) 3 for setting the following year’s budget, property tax levy, utility rates, and fee schedule. Given the 4 significance of the budget process and the substantial amount of time and resources it commands, the 5 Council is encouraged to establish a calendar early in the process to demonstrate a commitment to: 6 7 Defining program and service outcomes 8 Identifying the associated property taxes & fees necessary to achieve those outcomes 9 Providing opportunities for public participation 10 11 Discussion on Budget Calendar 12 While the discussion of these and other key elements of the budget process may require some scheduling 13 flexibility, there are a few statutory dates that the Council will need to adhere to including the setting of 14 preliminary and final property tax levy as well as holding a final budget hearing. 15 16 With these statutory dates in mind and inconsideration of the steps used in last year’s process, Staff is 17 tentatively suggesting the following budget calendar: 18 2021 Budget Process TimelineDate Establish 2021 Budget Process Calendar4/13/2020 Discussion on Preliminary Cash Reserve Levels4/27/2020 Review General Budget & Legislative Impacts, Tax Base Changes7/20/2020 Presentation of the 2021-2040 Capital Improvement Plan 7/20/2020 Discussion on City Council Budgetary Goals7/20/2020 EDA Budget & Tax Levy Discussion7/20/2020 Receive the 2021 City Manager Recommended Budget 8/10/2020 Receive Budget Recommendations from the Finance Commission9/14/2020 Adopt Preliminary Budget, Tax Levy, & EDA Levy9/21/2020 Review 2021 Proposed Utility Rates 11/9/2020 19 20 Page 1 of 3