Laserfiche WebLink
STAFF REPORT <br />DATE: May 21, 2024 <br /> REGULAR <br /> <br />AGENDA ITEM: 2025 Budget Calendar <br />SUBMITTED BY: Clarissa Hadler, Finance Director <br /> <br />BACKGROUND: <br />Similar to last year, the City Council is asked to accept the proposed 2025 budget key dates for <br />planning purposes. <br /> <br />ISSUE BEFORE COUNCIL: <br />What should the schedule be for developing the 2025 budget? What guidance does Council have for the <br />2025 budget? <br /> <br />PROPOSAL DETAILS/ANALYSIS: <br />Included in your packet is a proposed schedule. Staff has already begun working on the CIP. The CIP was <br />brought to Park Commission in May. The Finance Department along with department heads will work on <br />the budgets in July and August. A workshop discussion is proposed in July to address Council questions <br />regarding our debt policy and possible future strategy. Then Council will have a work session to review <br />the proposed budget prior to certifying the maximum levy in September. The November work session is <br />included as an optional meeting again this year. The final budget would be adopted and certified to the <br />County in December. <br /> <br /> <br />FISCAL IMPACT: <br />TBD <br /> <br />OPTIONS: <br />1) Approve the proposed schedule and provide direction on budget prep <br />2) Amend and then approve a schedule and provide direction on budget prep <br /> <br />RECOMMENDATION: <br /> <br />If removed from Consent: <br />“Motion to approve the 2025 Budget Calendar.” <br />ATTACHMENTS: <br />• 2025 Budget Calendar