HomeMy WebLinkAbout#17 - 2022 Budget CalendarSTAFF REPORT
DATE: April 20, 2021
REGULAR
AGENDA ITEM: 2022 Budget Calendar SUBMITTED BY: Sam Magureanu, Finance Director
BACKGROUND: Similar to last year, the City Council is asked to accept the proposed 2022 budget key dates for planning purposes. ISSUE BEFORE COUNCIL: What should the schedule be for developing the 2022 budget? What guidance does Council have for the 2022 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 parks commission first then followed by the operating budgets. The finance department along with department heads will work on the budgets in July and August. Then Council will have a work session to review the proposed budget prior to certifying the maximum levy in September. The November work
session is included as an optional meeting again this year. The final budget would be adopted and certified to the County in December.
FISCAL IMPACT: TBD
OPTIONS: 1) Approve the proposed schedule and provide direction on budget prep 2) Amend and then approve a schedule and provide direction on budget prep RECOMMENDATION:
Motion to approve the 2022 Budget Calendar
ATTACHMENTS:
• 2022 Budget Calendar
CITY OF LAKE ELMO
2022 Proposed Budget Calendar
As of 4/13/21
4/26/2021 Draft CIP Package Distributed to Departments
5/28/2021 Proposed CIP listings to Administrator and Finance Director
6/21/2021 Proposed Parks CIP to Parks Commission
7/8/2021 Revenue and expense budget detail to Dept heads (actuals through June) for use to
project balance of 2021 and 2022 budget
7/16/2021 Detailed 2021/22 budget worksheets due back to Finance
8/12/2021 Departmental changes completed by Finance
8/13/2021 Proposed Budget to Dept. Supervisors for Final Comments
8/24/2021 Council Workshop – Proposed Budget
9/21/2021 Proposed Budget to City Council For Adoption by Resolution & Property Tax Levy
9/30/2021 Proposed Budget (adopted by Resolution) & Proposed Property Tax Levy Certified to
the County. Certify Hearing(s) Dates.
11/9/2021 Council Workshop – Proposed Budget (optional)
12/7/2021 Final Budget & Levy Determination Public Hearing 7:00PM City Hall
12/21/2021 Final Budget & Levy Determination (if necessary) 7:00PM City Hall
12/28/2021 Final Levy certified to the County & Adopt Final Budget
CRITICAL DATES
7/26-7/30/2021 Budget review with Dept. Heads, Administrator & Finance Department