M E M O R A N D U M 03-153

TO: MAYOR AND HOMER CITY COUNCIL

FROM: MARY L. CALHOUN, CMC, CITY CLERK

DATE: SEPTEMBER 2, 2003

SUBJ: 2004 PROPOSED BUDGET DEVELOPMENT SCHEDULE

The 2004 Proposed Budget Development Schedule includes:

August 25 - date wherein the Budget was to be submitted to the departments, with budget worksheets including salary ad fringe benefits.

September 10 - Completed budget worksheets, including narratives and justifications are due to Finance.

September 19 - Preliminary Budget Assumptions are due to the Mayor and the City Council.

September 26 - Data is compiled and copies returned to the Department Heads for review.

Week of September 29 - City Manager and Finance Director review department budgets/requests with Department Heads.

October 17 - City Manager submits Budget to the City Council

October 27 - Budget Worksession at 5:30- p.m. Between Committee of the Whole and Regular Meeting.

November 17 - Budget Worksession at 5 p.m.

November 24 - Budget Ordinance Introduced during Regular Meeting.

December 1 - Budget Worksession at 5 p.m., if Council deems necessary.

December 8 - Public Hearing and Second Reading on Budget during Regular Meeting.

RECOMMENDATION:

Approve the 2004 Proposed Budget Development Schedule.

Fiscal Note: NA