HomeMy WebLinkAbout04/07/2020 12D 2021 Budget Timeline 1
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BUSINESS OF THE CITY COUNCIL
YAKIMA, WASHINGTON
AGENDA STATEMENT
Item No. 12.D.
For Meeting of: April 7, 2020
ITEM TITLE: 2021 Budget Timeline
SUBMITTED BY: Steve Groom, Director of Finance and Budget
SUMMARY EXPLANATION:
The attached timeline is for planning purposes. Council meeting times will be required in
October, November and December.
ITEM BUDGETED: NA
STRATEGIC PRIORITY: Public Trust and Accountability
APPROVED FOR SUBMITTAL BY THE CITY MANAGER
RECOMMENDATION:
No action required at this time. Informational only.
ATTACHMENTS:
Description Upload Date Type
❑ Corer Memo 3/18/2020 Coker Memo
❑ Budget 2021 Timeline 3/18/2020 Backup Material
2
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FINANCE
TO: City Council
FROM: Steve Groom, Finance Director
DATE: March 18, 2020
RE: 2021 Budget Timeline
Every year staff begins next year's process —we started again in January as always.
The attached timeline is provided for your planning purposes so that you can see when
the probable budget discussions will need to occur. There are statutory deadlines and
public notices that must be met to file our preliminary budget, adopt Ad Valorem rate, hold
hearings for the budget. As circumstances changes we will communicate a revised
schedule.
City of Yakima
2021 Budget
Budget Timeline
• Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Revenue forecasting Jan. 1 Finance I
, , i T i I i '
Strategic Planning City Council ! ; ¢ >¢ ` ; } ¢ ¢
Internal Dept Reviews Quarterly All Depts ) et I
Council Financial Reports Quarterly Finance i 1� ✓� ,
1 I 1 t 1 I 1 t t
2019 roll-fwd appropriation Apr.7 Finance I 1 4
! T T
, , T ,
Senior Staff Budget Kickoff Jul. 1 Finance
I I I I I T I 1I I I I I
I I I f I 1 I I
2020 MidYear Report Jul. 15 Finance I I I I I i 1
I I I I I
1 >1 I 1 1 I I
2020 Course Corrections Jul. 15 Finance ,
Dept Staffing Review Jul.-Aug All Depts 1 >'
, , T 1' , J . >1 f
Policy Issue identification Aug Oct All Depts 4 ' '
Set dates for Nov.Hearings Sep. 15 Finance
1 i 1 1 I 1 ' T
i i I I f I I i 1 f I
County Assessed Value Sep.25 Co.Assess I I I I I I I I I I
1 1 1 J
Revenue forecast final Oct. 1 Finance � � 1 I/' �
1 1 1 1 t t 1 1 1 * t
City Council Study Sessions Oct.6,8,13,15 All Hands I
, , T T , , I T T
Ad Valorem Rate Hearing Nov.3,17 Finance I I I I I I I I I I
I 1 I I f f i 1 1 1 ¢ f
Budget Hearings Nov.3,17 Finance I I I I I I I I I I 1 �I
Budget adoption Dec.1 Finance 1 1 1 1 i i 1 1 1 1
j
Key Deadlines 9/25/20 Property tax valuations from County,preliminary proposed tax rate
9/30/20 Preliminary Budget filed with City Clerk and posted on City website
Key Council Meeting Dates: 10/6/20 Presentations to City Council-Revenue,Capital Planning
10/8/20 Presentations to City Council-General Fund 1
10/13/20 Presentations to City Council-General Fund 2
10/15/20 Presentations to City Council-Enterprise Funds
11/3/20 Public Hearing and Ordinances on Ad Valorem Tax Rate
11/3/20 1st Budget Public Hearing
11/17/20 2nd Budget Public hearing
12/1/20 Council passes Budget Ordinances adopting Budget and tax rate
12/1/20 Budget adoption,and last month of actuals for audit prep
3/18/2020