Memorandum 05-114
Date: June 17, 2005
To: Mayor and City Council
Thru: Walt Wrede, City Manager
From: Dean W. Baugh, Finance Director
RE: Proposed 2006 Budget
Schedule
Attached please find the proposed Budget Development Schedule for
FY2006.
Note that there have been changes from past schedules:
We are starting earlier this year
Added the 7/25/05,
council and public discussion on budget priorities.
Moved the special
meetings times, to be held during the
Committee of the Whole.
Added an additional
public hearing.
RECOMMENDATION:
Staff
recommends Council approval of the proposed Budget Development Schedule for
FY2006
FISCAL
NOTE:
N/A
CITY OF HOMER
2006 PROPOSED BUDGET DEVELOPMENT SCHEDULE
|
DATE |
TIME |
EVENT |
|
06-27-05 |
7:00 pm |
Budget schedule to council |
|
07-15-05 |
|
Departments submit personnel requirements to City Manager &
Finance Director for review and approval |
|
07-25-05 |
4:00 pm |
During Committee of the Whole, Council to discuss budget priorities
for the coming year |
|
07-25-05 |
7:00 pm |
Regular Meeting-Public Hearing,
Council to seek public input on budget priorities for the coming year |
|
07-29-05 |
|
Submit to departments, budget work sheets including salary and fringe
benefits costs. |
|
08-24-05 |
|
Complete budget work sheets, including narratives, and justifications
to finance. |
|
09-01-05 |
|
Compile data and return copy to departments for review. |
|
09-05-05 |
Week
of |
City
Manager & Finance Director review budget requests with Department Heads. |
|
09-16-05 |
|
Preliminary budget assumptions to council. |
|
09-30-05 |
|
City Manager submits Draft Proposed Budget to City Council |
|
10-10-05 |
4:00 pm |
During Committee of the Whole- Council to discuss budget -1 Hour |
|
10-24-05 |
4:00 pm |
During Committee of the Whole- Council to discuss budget -1 Hour |
|
11-14-05 |
7:00 pm |
Regular Meeting - Budget Ordinance introduced and Public Hearing. |
|
11-28-05 |
4:00 pm |
During Committee of the Whole- Council to discuss budget -1 Hour |
|
11-28-05 |
7:00 pm |
Regular Meeting - Budget Ordinance Public Hearing |
|
12-05-05 |
7:00 pm |
Special Meeting-Public Hearing (if requested by Council) |
|
12-12-05 |
7:00 pm |
Regular Meeting- 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.