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HomeMy WebLinkAbout#03 - 2026 Budget Calendar STAFF REPORT DATE: May 6, 2025 CONSENT AGENDA ITEM: 2026 Budget Calendar SUBMITTED BY: Clarissa Hadler, Finance Director CORE STRATEGIES: ☐ Vibrant, inclusive, connected community ☐ Efficient, reliable, innovative services ☒ Responsive, transparent, adaptive governance ☒ Balanced Finances now and future ☐ Managed Growth ☐ Resilient Infrastructure BACKGROUND: Similar to last year, the City Council is asked to accept the proposed 2026 budget key dates for planning purposes. ISSUE BEFORE COUNCIL: What should the schedule be for developing the 2026 budget? What guidance does Council have for the 2026 budget? PROPOSAL DETAILS/ANALYSIS: Included in your packet is a proposed schedule. We’re moving the entire process up a bit this year to make time later in the year for software implementation tasks. Staff has already begun working on the CIP and operations budgets. The CIP was brought to Park Commission in April. The Finance Department along with department heads will work on all budgets through August. A workshop discussion is proposed in July to review the CIP. Then Council will have a work session in August 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: If removed from Consent: “Motion to approve the 2026 Budget Calendar.” ATTACHMENTS: • 2026 Budget Process Calendar 2025 dates Mar 31 CIP sent to Dept Heads to Review and Revise. Apr 21 Parks CIP adopted by Parks Commission Apr 25 Deadline to Submit CIP Changes to Finance May 09 2026 Operations Budget process initiated with Dept Heads Jun 15 Deadline to Submit Staffing Requests for 2026 to Finance Jun 30 Deadline to Submit remaining 2026 Operations Budget requests to Finance Jul 08 Council Workshop - Draft 2026-2035 CIP Discussion Jul 11 Draft Budget to Dept Heads Jul 14 - 18 Draft Budget review meetings with Dept. Heads, Administrator & Finance Department Aug 01 Proposed Budget to Dept. Supervisors for Final Comments Aug 12 Council Workshop – Proposed Budget & Levy Discussion Sep 16 Proposed Budget & Property Tax Levy to City Council For Adoption by Resolution Sep 30 Proposed 2026 Property Tax Levy & Truth-in-Taxation Hearing Date Certified to County. Nov 10 Planning Commission - Public Hearing on CIP Nov 12 Council Workshop – Proposed Budget (optional) Dec 16 Public Hearing 7:00 pm City Hall - Final Budget & Levy Adoption by Resolution Dec 28 Final 2026 Levy certified to the County 2026 Budgeting Process Calendar CRITICAL DATES