FY2018 Recommended Budget

Departments submit their budget requests to the Budget Office by the end of March. Submittals are thoroughly evaluated ensuring reasonable and justifiable requests before the Town Manager finalizes the Preliminary Budget. Internal meetings are held with Department Heads to make any needed adjustments to the departmental budget plans to align resources appropriately. By the end of April, a preliminary budget is complete.

PRESENTATION PHASE

The budget document that is presented to the Town Council represents the culmination of intensive research and analysis. The document’s purpose is to present to the Council and the public a comprehensive operating plan for the budget year. The proposed budget is presented to the Town Council at the first Council meeting in May. A Public Comment Portal provided via the internet invites the public to weigh in as Council deliberates. After considering the proposed budget, Council schedules a formal public hearing. At least ten days before the hearing, public notice of the time and place, along with a budget summary is published.

The Council reviews any public comments, and adopts the operating budget by ordinance with such modifications or statements as the Council deems advisable on or before June 30 th .

IMPLEMENTATION PHASE

This is the performance phase where best laid plans become reality by delivering results. The fiscal year runs from July 1 st through June 30 th annually. During this phase, the organization will responsibly deliver services while maintaining financial accountability. Execution of the approved budget is monitored and tracked for performance against defined measures to identify successes, diagnose weaknesses and make adjustments to achieve the vision and mission of the community.

BUDGET CALENDAR

Focus Jan. -Feb.

Presentation May - Jun.

• Performance Evaluation • Financial Audit & Reporting • Pre-Retreat Work Session

• Align Resources to Goals • Budget Submittal Review & Assembly

• Deliver Results • Monitor & Track Performance

• Town Strategy • Assess Long Range Forecast & Capacity • Capital Planning

• Recommended Budget Presentation • Public Hearing & Budget Portal • Adoption

Assessment Oct. - Jan.

Assembly Mar. - Apr.

Implementation Jul. - Jun.

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