HomeMy WebLinkAbout#09 - Budget ScheduleSTAFF REPORT
DATE: May 1, 2018
CONSENT #9
AGENDA ITEM: 2019 Budget Schedule
SUBMITTED BY: Kristina Handt, City Administrator
REVIEWED BY: Sue Iverson, Finance Director
BACKGROUND:
Similar to last year, the City Council is asked to accept the proposed 2019 budget key dates for
planning purposes.
ISSUE BEFORE COUNCIL:
What should the schedule be for developing the 2019 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
will work on the budgets in June, July and August. Then Council will have a 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 2019 Budget Schedule
ATTACHMENTS:
• 2019 Budget Schedule
CITY OF LAKE ELMO
2019 Proposed Budget Calendar
As of 4/23/18
4/23/2018 Draft CIP Package Distributed to Departments
5/11/2018 Proposed CIP listings to Administrator and Finance Director
5/21/2018 Proposed Parks CIP to Parks Commission
5/22/2018 Proposed CIP from MAC and Public Safety
6/19/2018 Proposed 5 year CIP presented to Finance Committee
6/11/2018 Revenue and expense budget detail to Dept heads (actuals through May) for use to
project balance of 2018 and 2019 budget
6/18/2018 Detailed 2018/2019 budget worksheets due back to Finance
7/9/2018 Departmental changes completed by Finance
7/9 or 10/2018 Proposed Budget to Dept. Supervisors for Final Comments
7/17/2018 Proposed 2019 budgets to FC
8/21/2018 Finance Committee Recommendations on Proposed 2019 Budget
8/28/2018 Council Workshop – Proposed Budget
9/18/2018 Proposed Budget to City Council For Adoption by Resolution & Property Tax Levy
9/28/2018 Proposed Budget (adopted by Resolution) & Proposed Property Tax Levy Certified to
the County. Certify Hearing(s) Dates.
11/9/2018 Council Workshop – Proposed Budget (optional)
12/4/2018 Final Budget & Levy determination Public Hearing 7:00PM City Hall
12/18/2018 Final Budget & Levy Determination (if necessary) 7:00PM City Hall
12/31/2018 Final Levy certified to the County & Adopt Final Budget
CRITICAL DATES
6/25-6/29 Budget review with Dept. Heads, Administrator & Finance Department