Attachment 1 - Annual Budget-ACFR Cycle 2021-22BUDGET PROCESS DIAGRAM
December
January
February
May
June
July
December
Prior FY (2020/21)
June 30, 2021 Annual Financial Report finalized and presented for Council approval.
Annual Financial Report surpluses assigned per the Council Reserve Policy as of June 30, 2021 Council deliberates Strategic Priorities and Budget direction for FY 2022/23.
Review of Five-year Forecast and assumptions.
Council determines if previously assigned surpluses should be reallocated for FY 2022/23.
Council adoption of the FY 2022/23 Operating & Capital Budgets
End of June 30, 2022 Annual Financial Report period
June 30, 2022 Annual Financial Report finalized and presented for Council approval.
Annual Financial Report surpluses assigned per the Council Reserve Policy as of June 30, 2022
All Council deliberations and actions include opportunities for public input
Current FY (2021/22)
Next FY (2022/23)
Start of new FY 2022/23 Operating Budget year
Council considers Mid-Year Budget adjustments through 12/31/2021 for FY 2021/22 Budget.
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Public hearing on FY 2022/23 Operating & Capital Budgets Finance Commission review
and comment on Proposed FY
2022/23 Operating & Capital
Budgets.
April
ATTACHMENT 1