CITY COUNCIL AGENDA ITEM
ACTION REQUESTED:
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2021 Annual Operating Budget and Capital Improvement Program Workshop #1
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DEPARTMENT: Finance Department
SUBMITTED BY: Rachel Mayer, Finance Director
BOARD/COMMISSION REVIEW:
The 2021 Annual Operating Budget and Capital Improvement Program was delivered to the Financial Advisory Board (FAB) on October 19 and will be discussed at its next meeting on October 27.
BACKGROUND:
This year that has brought both extraordinary challenges and unique opportunities to demonstrate resilience and flexibility as an organization. The proposed 2021 City of Naperville Annual Operating Budget and Capital Improvement Program continues the tradition of providing outstanding services to the Naperville community, preparing for a post-pandemic future, and being mindful of ongoing local, regional, and national circumstances determining the pace and impact of recovery.
Formal preparation for the budget began in August with departments developing and submitting their operating budget and Capital Improvement Program (CIP) recommendations. Two rounds of reviews followed; first with the Finance Department and the other a cross-departmental review with the City Manager's Office. These assessments focused on operational changes, discussed objectives, and analyzed recommendations. All changes made during the review process were integrated into the proposed budget document.
As in years past, there will be a series of budget workshops for City Council to review the 2021 proposed budget submission:
* Workshop #1 - October 26
* Workshop #2 - November 9
* Workshop #3 - November 23
Legal Process
Pursuant to the Illinois Compiled Statutes, the following budgetary milestones must be met before the final approval of the City's budget and property tax levy. Below are those steps and anticipated dates:
* November 3 - Make tentative annual budget available for public inspection. Publish for a public hearing. Estimate the amount of taxes to be lev...
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