Budget Development

FY2024 Budget Development

City Council met on November 29, 2022 for their annual Budget Retreat. This retreat sets the stage for what the budget process will look like for the upcoming budget development cycle. This retreat is often a chance to inform Council Members about the purpose of municipal budgeting and the role of Council in that process. Updates are provided in areas of:

• FY22 close-out and use of residual year end funds
• FY23 revenue performance and expenditure updates
• Capital Project updates
• Strategic Plan, Budget priorities update and
• FY24 Budget considerations

FY23 Budget development process focused its efforts on Equity and Empowerment and incorporating and awareness across the organization of how these principles can be applied to the budget. For FY24, these efforts will continue. In addition, the budget process will also incorporate other initiatives by working with the company ResourceX to incorporate their processes behind the concept of Priority Based Budgeting.

The FY23 Adopted Budget Document was presented to City Council on Monday, May 9, 2022.  Hard copies are available in the Department of Finance, the Main Library Branch, and the City Clerk's Office.  The document will also be posted on-line and is the recommended viewing method in order to take advantage of links to other documents throughout.

There are many presentations leading up to the adoption all of which may be viewed in the links found below.