FY26 Proposed Budget

Financial Plan Preparation Schedule

July 1 – July 31, 2024 Each division reviews their performance measures and goals, and their alignment with City Council strategic plan. Performance measurement data is compiled and summarized. August 1-2, 2024 Capital Improvement Program (CIP) instructions are distributed to departments for any updates or additions to the 5-year CIP plan..

September 3, 2024 City Council work session discussion regarding fiscal year 2025 budget goals.

September 13, 2024 Capital Improvement Program projects to be added to the 5-year CIP plan and any adjustments to projects already included in the current 5-year CIP plan are due to the Finance Department.

September 17, 2024 Finance Department produces preliminary Five-Year CIP.

September 19, 2024 Capital Improvement Program review committee reviews project requests and rankings; committee makes amendments to the preliminary Program. September 24, 2024 At the department staff meeting, directors will review fiscal policies and priorities, present special budget issues, distribute budget manuals, and instruct staff on budget preparation process. September 24 – October 21, 2024 Munis system is available for departments to enter fiscal year 2026 line item budgets, add fiscal year 2026 budget requests for each activity, and amend fiscal year 2025 line item budgets. Finance Department develops personnel budget through consultation with the Human Resource department and each individual department. October 1, 2024 Finance Department produces amended Five-Year Capital Improvement Program with updated project rankings. October 3, 2024 Capital Improvement Program review committee reviews amended program and makes final Program adjustments. October 21, 2024 Department directors deliver budget summary to City Manager’s office and Finance Department. Munis financial system is closed for departmental updates. October 28 – November 22, 2024 City Manager and Finance Director meet with each department to discuss their divisions’ fiscal year 2026 budget requests and submittals, fiscal year 2025 revised budgets, performance measures, and goals. Finance Department reviews and updates long range financial plans.

284