File #: 23-0989    Version: 1
Type: Presentation Status: Agenda Ready
File created: 8/24/2023 In control: City Council
On agenda: 8/29/2023 Final action:
Title: Annual Budget Workshop #1: 2024 - 2028 Capital Improvement Program
Attachments: 1. 2024 Budget Workshop #1 Presentation
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
No records to display.

Annual Budget Workshop #1: 2024 - 2028 Capital Improvement Program

DEPARTMENT: Finance Department

SUBMITTED BY: Rachel Mayer, Finance Director


Development of the Annual Operating Budget and Capital Improvement Program (CIP) is critical in establishing the annual financial framework that supports the City's mission to provide services that ensure a high quality of life and maintain a dynamic business environment while creating an inclusive community that values diversity. The budget development process begins in August and is guided by the policies and priorities established by the City Council.

Each City department develops its operating budget and CIP recommendations based on historical needs and emerging priorities. Those recommendations go through two rounds of review, the first with the Finance Department and the other with the City Manager's Office. These assessments review operational changes, discuss objectives, and analyze recommendations. In consultation with the Finance Department, the City Manager makes the final recommendation to the City Council through the proposed budget published in mid-October.

The proposed budget is presented to the City Council and the community through workshops. Budget workshops establish the groundwork for the formal budget adoption process. This year, the public budget process will begin with two foundational workshops that will review topics relevant to the development of the proposed budget.

Following the workshops, the City Council will hold a public hearing and be asked to approve the annual budget in December. A public hearing and the adoption of the annual property tax levy follow the adoption of the annual budget. To comply with state statutes, the budget and tax levy must be adopted before January 1, 2024.

Throughout the summer, City departments developed CIP requests for 2024 - 2028. Those requests...

Click here for full text