Title/Recommendation
title
Consideration of a 2025 Budget Process Policy
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Memo Body
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A. Issue
Beginning in 2019, the Financial Affairs Committee has annually adopted a "Budget Process Policy" to set forth the principles and process for the adoption of the City’s operating and capital budgets.
B. Background/Options
The budget process is one of the most important decision-making processes undertaken by the elected officials. The Financial Affairs Committee annually adopts a budget policy outlining the principles and process for the adoption of the City’s operating and capital budget. This is done so that the decision points and roles of the committees and staff are clearly set forth to in order to ensure a fair process in which multiple points of view can be heard and considered and elected officials are provided necessary information for decision-making and staff have sufficient time to prepare. The 2025 Budget Policy is attached for discussion and consideration. Changes from the 2024 policy have been red-lined, other than date changes.
C. Strategic Plan (Area of Focus)
D. Fiscal Impact
E. Recommendation
I recommend adoption of the policy