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BUDGET PREPARATION PROCESS <br />Used by Lino Lakes Management Team <br />❖ During spring finance work session, ask for City Council direction <br />on budget priorities <br />❖ Each director asks department employees for input about what is <br />needed in coming year <br />❖ Finance Director calculates the estimated revenue <br />❖ Finance Director compiles the department requests <br />❖ Management Team reviews and compares the estimated revenues <br />and department requests <br />❖ As a group the Management Team prioritizes requests on the basis <br />of overall City need <br />❖ Management Team discusses alternative ways to meet needs related <br />to lower ranked priorities <br />❖ Management Team agrees on items to delete from budget in order to <br />balance revenues and requests <br />❖ Finance Director produces proposed budget document <br />❖ Finance Director, supported by Management Team, presents <br />proposed budget to City Council <br />ii <br />• <br />• <br />• <br />