HomeMy WebLinkAbout#03 2018 Budget ScheduleSTAFF REPORT
DATE: May 2, 2017
CONSENT
ITEM #: 3
AGENDA ITEM: 2018 Budget Schedule
SUBMITTED BY: Kristina Handt, City Administrator
REVIEWED BY: Brian Swanson, Finance Director
BACKGROUND:
Similar to last year, the City Council is asked to accept the proposed 2018 budget key dates for
planning purposes.
ISSUE BEFORE COUNCIL:
What should the schedule be for developing the 2018 budget?
PROPOSAL DETAILS/ANALYSIS:
Included in your packet is a proposed schedule. Staff has already begun working on the CIP. The CIP will
be brought to committees/commission first then followed by the operating budgets. The finance committee
and council will hold a joint session in August. Then Council will have another work session to review the
proposed budget prior to certifying the maximum levy in September. Last year the council used the
November work session to discuss further changes to the proposed budget so staff is including that as an
optional meeting again this year. The final budget would be adopted and certified to the County in
December.
FISCAL IMPACT:
NA
OPTIONS:
1) Approve the proposed schedule
2) Amend and then approve a schedule
RECOMMENDATION:
If removed from the consent agenda:
Motion to approve the 2018 Budget Schedule
ATTACHMENTS:
• 2018 Budget Schedule
CITY OF LAKE ELMO
2018 Proposed Budget Calendar
As of 4/26/2017
4/19/2017 Draft CIP Package Distributed to Departments
5/12/2017 Proposed CIP listings to Administrator and Finance Director
5/22/2017 Proposed Parks CIP to Parks Commission
5/23/2017 Proposed CIP from MAC and Public Safety
6/8/2017 Proposed 5 year CIP presented to Finance Committee
6/12/2017 Revenue and expense budget detail to Dept heads (actuals through May) for use to
project balance of 2017 and 2018 budget
6/19/2017 Detailed 2017/2018 budget worksheets due back to Finance
7/6/2017 Departmental changes completed by Finance
7/7/2017 Proposed Budget to Dept. Supervisors for Final Comments
7/13/2017 Proposed 2018 budgets to FC
8/10/2017 Finance and Council Workshop – Proposed Budget
8/22/2017 Council Workshop – Proposed Budget
9/19/2017 Proposed Budget to City Council For Adoption by Resolution & Property Tax Levy
9/29/2017 Proposed Budget (adopted by Resolution) & Proposed Property Tax Levy Certified to
the County. Certify Hearing(s) Dates.
11/14/2017 Council Workshop – Proposed Budget (optional)
12/5/2017 Final Budget & Levy determination Public Hearing 7:00PM City Hall
12/19/2017 Final Budget & Levy Determination (if necessary) 7:00PM City Hall
12/28/2017 Final Levy certified to the County & Adopt Final Budget
CRITICAL DATES
6/26-6/30 Budget review with Dept. Heads, Administrator & Finance Department