01 Attachment 1 - Budget Process DiagramTOWN OF LOS GATOS
ANNUAL BUDGET/CAFR CYCLE
December
January
February
May
June
July
December
Prior FY
(2018/2019) FY 2018/19
June 30, 2019 CAFR finalized
and presented for Council
approval.
CAFR surpluses assigned per
the Council Reserve Policy as
of June 30, 2019
Council deliberates Strategic
Priorities and Budget direction
for FY 2020/2021.
Review of Five-year Forecast and
assumptions.
Council determines if previously
assigned surpluses should be
reallocated for FY 2020/2021
Council adoption of the FY
2020/2021 Operating & Capital
Budgets
End of June 30, 2020 CAFR
period
June 30, 2020 CAFR finalized and
presented for Council approval.
CAFR surpluses assigned per the
Council Reserve Policy as of June
30, 2020
All Council deliberations and actions include opportunities for public input
Current FY
(2019/2020)
Next FY
(2020/2021)
Start of new FY 2020/2021
Operating Budget year
Council considers Mid-Year
Budget adjustments through
12/31/2019 for FY 2019/2020
Budget.
͌͌͌͌͌͌͌͌͌͌͌͌͌͌͌͌
Public hearing on FY 2020/2021
Operating & Capital Budgets [Grab your reader’s attention with a great quote from the document or use this space to emphasize a key point. To place [Grab your reader’s attention with a great quote from the document or use this space to emphasize a key point. To place [Grab your reader’s attention with a great quote from the document or use this space to emphasize a key point. To place ATTACHMENT 1