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HomeMy WebLinkAbout07.A- New Business PROPOSED SCHEDULE & PROCESS FOR MID-YEAR FY 13-14 BUDGET REVIEW AND FY 14-15 BUDGET PREPARATION,REVIEW, AND ADOPTION Monday, January 6, 2014—Mayor and Common Council Regular Meeting • Review and approve proposed schedule and process for FY 13-14 mid-year budget review and FY 14-15 budget preparation, review and adoption January—February, 2014—City Manager to meet with all department heads to review current departmental budgets for FY13-14, recommendations for actions to generate further savings/control cost in FY 13-14, and initial review of departmental priorities, work plans and budgets for FY 14-15. Monday, February 10, 2014 —Mayor and Common Council Workshop • New elected officials (to be sworn-in March 3, 2014) invited to participate • Update on status of FYI 3-14 and City's current financial status • Report on expected ending financial position on June 30, 2013 • Review and discuss recommendations for mid-year FY13-14 budget adjustments and actions Tuesday, February 18, 2014—Mayor and Common Council Regular Meeting(Monday is a holiday) • Adopt recommended mid-year FY 13-14 budget adjustments and actions Monday, February 24, 2014—Mayor and Common Council Budget Workshop • New elected officials (to be sworn-in March 3, 2014) invited to participate • Review and discuss Best Practices for Municipal Budgeting and Financial Management • Review and discuss proposed Guiding Budget and Financial Management Principles for Adoption by the City of San Bernardino Monday, March 3, 2014—Mayor and Common Council Regular Meeting • Swearing-in for newly elected and re-elected city officials: Mayor, 1St Ward, 2nd Ward, 4"' Ward, and 5th Ward. Monday, March 10, 2014—Mayor and Common Council Special Meeting • Adopt recommended Budgeting Best Practices and Guiding Principles for City of San Bernardino March —April, 2014—City Manager, Director of Administrative Services, department heads, and financial consultants prepare recommended priorities, work plans, and budgets for FY 14-15. April—May, 2014—Budget Workshops and Hearings with Mayor and Common Council June 2014 —FY 14-15 Budget Adoption �/