Title
Review of Budget Calendar
Executive Summary: Discuss a new budget review process, including review sessions for major departments, projects and initiatives in the first 6 months of the year, as well as the use of the SWOT format.
Body
Legislative History
None.
Purpose & Explanation
On Tuesday, February 28th Council held a work session to discuss the budget review process. During this discussion the review calendar was discussed, and revisions have been included on the attached calendar. One such modification is the addition of review sessions for major departments, projects and initiatives to be held in the first 6 months of the year. Also agreed to, were these discussion reviews would be less on budgetary numbers and more on what drives the departments or projects and what are the needs and opportunities.
The discussions at the work session of March 14th will be using the SWOT format. There will be a focus on the challenges, opportunities for the upcoming year (or two) and will provide Council with information on several new initiatives.
Process Summary
Budget Calendar:
? Meant to provide budgeting process on a continuous basis
? Review of prior year, goals, finance policies, etc. to assist in preparing the budget draft
? Ability to spend budget hearing sessions with and on departments; their needs and opportunities
? Reviews on departments and project initiatives will be held with Council during the first 6 months of each year. Information to be presented includes major milestones, SWOT, capital or personnel needs and impacts from major initiatives.
Budget Review Process:
? Staff presents budget summary and capital plan as introduction to review process
? In budget summary each department listed with 3 lines and the 5 year trend (historical trend available on opengov)
> Personnel
> Operating
> Capital
> Each department has sheet for challenges and opportunities
? The last meeting will summarize the budget based on review outcomes and all departm...
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