Date: August 10, 2004
To: Mayor and City Council
Thru: Walt Wrede, City Manager
From: Dean W. Baugh, Finance Director
RE: Proposed 2005 Budget Schedule
Attached please find the proposed Budget Development Schedule for
FY2005.
RECOMMENDATION:
Staff
recommends Council approval of the proposed Budget Development Schedule for
FY2005
FISCAL
NOTE:
N/A
CITY OF HOMER
2005 PROPOSED BUDGET DEVELOPMENT SCHEDULE
|
DATE |
TIME |
EVENT |
|
08-23-04 |
|
Submit to departments,
budget work sheets including salary and fringe benefits costs. |
|
09-8-04 |
|
Complete
budget work sheets, including narratives, and justifications to finance. |
|
09-17-04 |
|
Preliminary
budget assumptions to council. |
|
09-24-04 |
|
Compile
data and return copy to departments for review. |
|
09-27-04 |
Week
of |
City
Manager & Finance Director review budget requests with Department Heads. |
|
10-15-04 |
|
City
Manager submits Proposed Budget to City Council |
|
10-25-04 |
4:00 pm |
Worksession
- Before City Council meeting. |
|
11-15-04 |
5:00 pm |
Worksession
- City Council. |
|
11-22-04 |
7:00 pm |
Regular
Meeting - Budget Ordinance introduced and public hearing. |
|
11-29-04 |
5:00 pm |
Worksession
[If Required] - City Council. |
|
12-06-04 |
7:00 pm |
Special
Meeting-Public Hearing |
|
12-13-04 |
7:00 pm |
Public
Hearing & Adoption of Proposed Budget |
Our
budget is adopted annually and organized by fund and by department. This is adopted
by ordinance. The budget is balanced considering all sources of funds. As noted
in the code we are required to budget the General and Enterprise Funds in a
line item format and it is mandated that the public participate. To assist in
the tracking of our budget purchase orders are encumbered to monitor spending,
the spending is in turn monitored by the Finance Director and the City Manager.
Financial statements are printed monthly.