FY25 Proposed Budget

October 23, 2023 Department directors deliver budget summary to City Manager’s office and Finance Department. Munis financial system is closed for departmental updates. October 25 – November 22, 2023 City Manager and Finance Director meet with each department to discuss their divisions’ fiscal year 2025 budget requests and submittals, fiscal year 2024 revised budgets, performance measures, and goals. Finance Department reviews and updates long range financial plans. November 22 – November 30, 2023 City Manager’s office reviews budget requests to determine budget issues and discussion items; a comprehensive summary of significant budget issues is prepared. The Finance Department combines budget requests and long-range financial plans and prepares financial summaries. December 1, 2023 City Manager and Finance Department finalize departmental fiscal year 2025 budget requests, fiscal year 2024 revised budgets, Five-Year CIP, division goals and performance measures, and long-range financial plans. January 10, 2024 The proposed City budget document including the Three-Year Financial Plan, the Five-Year CIP, and division goals and performance measures is distributed to City Council. January 20 – March 5, 2024 City Manager and City Council discuss budget process overview, budget environment, proposed budget, CIP, significant budget issues, and to incorporate Council policy preferences. March 19, 2024 City Council approves notices of public hearing on the proposed maximum property tax dollars to be assessed for specified levies for fiscal year 2025. March 21, 2024 Publication of notice of public hearing on the proposed maximum property tax dollars to be assessed for specified levies for fiscal year 2025. April 2, 2024 City Council holds a special formal meeting for a public hearing regarding the maximum property tax dollars to be assessed for specified levies for the fiscal year 2025 budget.

City Council approves notices of public hearing on the proposed fiscal year 2025 budget and the fiscal year 2024 revised budget.

City Council sets the hearings for service fee and rate changes for fiscal year 2025, if necessary.

April 4, 2024 Publication of notice of public hearing on the proposed fiscal year 2025 budget and revised fiscal year 2024 budget. April 16, 2024 Following public hearings, the fiscal year 2025 budget, the Three-Year Financial Plan, the Five Year CIP, and the fiscal year 2024 revised budget are adopted by City Council.

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