HomeMy WebLinkAbout05/18/2021 15B 2022 Budget TimelineI
BUSINESS OF THE CITY COUNCIL
YAKIMA, WASHINGTON
AGENDASTATEMENT
Item No. 15.13.
For Meeting of: May 18, 2021
ITEM TITLE: 2022 Budget Timeline
SUBMITTED BY: Steve Groom, Director of Finance and Budget
SUMMARY EXPLANATION:
The attached timeline is for planning purposes. Council meeting times are anticipated to be
required in October, November and December. Specific dates are noted on the timeline.
ITEM BUDGETED:
STRATEGIC PRIORITY:
M
Public Trust and Accountability
APPROVED FOR SUBM ITTAL BY THE CITY MANAGER
RECOMMENDATION:
No action required, informational only.
ATTACHMENTS:
Description Upload Date Type
D 2022 Budget timehne 5/5/2021 Executive Summary
2
FINANCE
TO: City Council
FROM: Steve Groom, Finance Director
DATE: May 5, 2021
RE: 2022 Budget Timeline
This is to provide the annual budget timeline for planning purposes, identifying when
annual budget process steps occur this year.
There are statutory deadlines and public notices that must be met to file our preliminary
budget, hold hearings, and adopt Ad Valorem rate and the budget.
The attached calendar and timeline provides details.
City of Yakima
2022 Budget
Budget Timeline
During 2021 Jan
Feb Mar
Apr May
Jun Jul
Aug
Sep
Oct
Nov
Dec
Revenue forecasting Jan. 1 Finance � .....................�...
.................................................................................................................................................... ........
........................................
�............ ....................................
Internal Dept Reviews Quarterly All Depts
............................................................................................................................................�....... ::::...
Council Financial Reports Quarterly Finance
Z......,........................................................................................................................
. �.���...
r
..................................................................................................................................................................................................................................................................
2020 roll-fwd appropriation Apr. 6 Finance
.............................................................................................................................................................................................................................................................................................................
Strategic Planning Apr. 13 City Councilp
.................................................................................................................................................................................................
.............. ..............
.............
............
.............
..........................
.............
2021 MidYear Report Jul. 20 Finance
..............................................................................................................................
Senior Staff Budget Kickoff Jul. 1 Finance
.
.........................................................................................................................................:m::....::............
2021 Course Corrections Jul. 20 Finance
.
..............................................................................................................................................................................................................................
Dept Staffing Review Jul. -Aug All Depts--�da
......................................................................................................................................................................................................................................................................
........
..........................
........
.........
.........
Policy Issue identification Aug -Oct All Depts
�- W—
...........................................................................................................................................................................................................................................
County Assessed Value Sep. 25 Co. Assess
.............
............
....................................
................................................................................................................................
Revenue forecast final Oct. 1 Finance
..
........
.........
............................................................................................................................................................................................................................................................................................................
Set dates for Nov. Hearings Oct. 5 Finance
..............................................................................................................................................................................................................................................................................
........
.........
City Council Study Sessions Oct. 5,7,12,14 All Hands
....... ..................................................g.................................................................................................
Ad Valorem Rate Hearin Nov. 2 Finance
............. .............
............. ............ ..............
.............
............
.............
..............
.*............... :
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.........................................................................................................................................................................................................................................................................................................
Budget Hearings Nov. 2,16 Finance
......................................................................................................................................................................
........................................................
.......
.............
............ ..............
.....
Budget adoption Dec. 7 Finance
.,......
Key Deadlines 9/25/21
Property tax valuations from County, preliminary proposed tax rate
9/30/21
Preliminary Budget filed with City Clerk and posted on City website
Key Council Meeting Dates: 10/5/21
Presentations to City Council - Budget Basics and Revenue Forecasting
10/7/21
Presentations to City Council - General Fund and Capital Planning
10/12/21
Presentations to City Council - Enterprise Funds
10/14/21
Presentations to City Council - Policy Issues
11/2/21
Public Hearing and Ordinances on Ad Valorem Tax Rate
11/2/21
1st Budget Public Hearing
11/16/21
2nd Budget Public hearing
12/7/21
Council passes Budget Ordinances adopting Budget and tax rate
12/7/21
Budget adoption, and last month of actuals for audit prep
5/5/2021