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HomeMy WebLinkAbout13. Approve the Budget Calendar Fiscal Year 2020-21[-rr lf* CITY MANAGER TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL FROM: OFFICE OF r DIRECTOR is l - • TECHNOLOGY That the City Council approve the attached budget calendar for the Fiscal Year 2020-21 budget. Staff is requesting that the City Council review and approve the budget calendar for the Fiscal Year t-21 budget, which covers the fiscal year-. 0 0 and cnds on June 30, 2021. The calendar establishes various deadlines - budget process completed in a timely manner.. the Downey •.Code, the annual budget must be adopted before June 30 of each fiscal year. Staff has tentatively identified the period of April 6 through May 12 for City Council review of the Preliminary Budget. During this time, Council may set specific dates and times for staff to present and discuss the budget document. A public hearing is also tentatively scheduled for May 26, 2020, at which time the City Council will adopt the budget for the 2020-21 fiscal year. FISCAL IMPACT ATTACHMENTS Attachment A: Budget Calendar E 2020-20 Internal Budget Calendar All Budget Materials will be placed on S:\ drive ADMIN/FINANCE 1/17/2020 Budget Training ADMIN/FINANCE ' 1/22&23/2020 Employee list with charge points/cost allocation, Equipment Rental Rates, City FINANCE 1/24/2020 Hall Rent and Liability Insurance Rates Released to Departments Review of City Council Priorities with Department Heads ADMIN. 01/22/2020 Begin Budget book design and Budget transmittal/Introduction ADMIN 02/03/2020 Proposed Position Changes sent to Human Resources DEPTS. 02/07/2020 Capital Projects Request Submitted to Public Works Department via //pwgis DEPTS. 02/07/2020 System Budget Expenditure Input in EDEN by Departments. Contract Sheet, Grant DEPTS. 02/07/2020 Sheet, and Equipment Requests submitted. Determine how much of Capital Projects will be expended by June 30, to PUBLIC 02/07/2020 determine beginning balance. WORKS/FINANCE Capital Improvement Project (CIP) Budget & Project Description Summary for PUBLIC WORKS 02/14/2020 Budget Document Submitted to Finance Preliminary Review of Budget Requests and Budget (2 weeks) FINANCE 02/15/-28/2020 Finance Director meets with Department Heads (Provide Departments Detailed FINANCE/DEPTS. 03/2-6/2020 EDEN Report and new budget summary report). Adjustments made to the Budget after Finance Director meets with Department FINANCE 03/13/2020 Heads City Manager Budget Review Sessions with Departments Heads and Finance ADMIN/FINANCE/ 03/16-20/2020 Director DEPTS. Departments notified of final tentative budget and approved requests. Reports ADMIN/FINANCE 3/23-27/2020 generated for subcommittee meeting. (1 week to prepare) Finalize Budget Book Pages (Introduction, Summary, Revenue, Expenditures, ADMIN 3/30-4/17/2020 Appendices, Department Org. Charts) Department Budget Narrative (explain 5+/- increase of summary), DEPTS. 3/30-4/17/2020 Accomplishments, and FY Goals sent to the Administration. Council Budget Sub -Committee Review Session ADMIN/FINANCE 04/06-10/2020 Department PowerPoint Slides ADMIN/FINANCE 04/17/2020 1 Finalize items for Budget Workshop Council Budget Workshop at Council Chamber Finalize Items for Public Hearing Budget Calendar FINANCE/ADMIN 4/23/2020 ms FINANCE/ADMIN/ 5/12/2020 CLERK