2026 Operating Budget Development Process Timeline Principles.pdf

2026 Operating Budget Development Process Timeline & Principles V1 – January 5, 2026 a. Timetable (update with actuals and comparison with projected to track performance) i. Projected: Delivery of mayor budget to Council, CBAB; public posting ii. Projected: Budget presentation iii. Projected: Budget Introduction iv. Projected: Budget Adoption v. Projected: Year-end Budget Transfers vi. Projected: Budget workshop(s) dates vii. Projected: Key deadlines from CFO memo to Council on state timeline/deadlines b. CBAB role in process, particularly budget workshops c. Strict time limits on debate/discussion – suggested 15 minutes per issue, tracked by Clerk d. First pass on budget item = last pass – no re-review of budget items unless absolutely necessary, subject to majority vote of Council e. Recorded votes from the start of the process f. Start process with final 2025 budget, including adopted budget, state-review amendments and year-end transfers (the most recent version on website is dated 9.30.25) g. Add columns for percentage changes h. Near-real-time updating of budget / summary of changes – help keep everyone on same page as the process moves forward