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HomeMy WebLinkAboutItem 18 - Budget Calendar for Fiscal Year 2022-23 Finance and Management Services www.santa-ana.org/finance Item # 18 City of Santa Ana 20 Civic Center Plaza, Santa Ana, CA 92701 Staff Report December 21, 2021 TOPIC: Budget Calendar for Fiscal Year 2022-23 AGENDA TITLE: Budget Calendar for Fiscal Year 2022-23 RECOMMENDED ACTION Approve the Budget Calendar for Fiscal Year 2022-23. DISCUSSION Under the direction and leadership of the City Manager, a Budget Calendar (“Calendar”) has been developed by the Finance & Management Services Agency. The Calendar (Exhibit 1) is provided for City Council consideration as a guiding document that provides for a successful and transparent budget process. The proposed Calendar provides a framework of key tasks and dates for the City Council, the community, and City staff. Financial Updates, Budget Discussions, and Process The first major item presented to the City Council is the Mid-Year (2nd Quarter) Report to the City Council, which is scheduled for February 15, 2022. The Mid-Year Budget Report will provide a financial update on current general fund revenues and expenditure trends, and recommend budget adjustments and workforce changes. Beginning in mid-March, City Staff will present a framework for the Fiscal Year 2022-23 Budget Discussion and seek direction from the City Council. The discussion topics may include but are not limited to City Council priorities and strategies on funding programs/services. Community budget meetings are planned for March and April 2022 to gather community input. During this time, the Budget Team will also begin conducting budget hearings with city departments. These hearings will provide departments an opportunity to propose any organizational changes, budget requests, and enhancements to existing programs. On May 3, 2022, staff has planned for a Third Quarter General Fund update including updated revenue and expenditure trends, a Ten-Year General Fund Financial Outlook, and preliminary Capital Improvement Program (CIP) update. This will also provide an additional opportunity for further FY 2022-23 budget discussion by the City Council. Approve the FY 22-23 Budget Calendar December 21, 2021 Page 2 2 3 3 6 Subsequently, during May and June 2022, staff has planned to present multiple iterations of the Citywide Operating Budget and CIP. A public hearing (first reading) is planned for June 7, 2022 and the final adoption (second reading) will occur on June 21, 2022. The Calendar commences on December 21, 2021, and concludes with the adoption of the FY 2022-23 Citywide Operating Budget and CIP, which is effective July 1, 2022. FISCAL IMPACT There is no fiscal impact associated with this action. EXHIBIT(S) 1. Fiscal Year 2022-23 Budget Calendar Submitted By: Kathryn Downs, FMSA Executive Director Approved By: Kristine Ridge, City Manager Fiscal Year 2022-2023 Budget Calendar* City of Santa Ana December 21, 2021 February 15, 2022 Community Budget Meetings Budget Hearings with City Departments March 15, 2022 May 3, 2022 June 21, 2022 May 17, 2022 June 7, 2022 July 1, 2022 City Council Proposed FY 22-23 Second Reading and Begin New Fiscal Year *Budget Calendar is subject to change. Start of New Fiscal Year Final Citywide Operating Budget/CIP Ordinance Adoption Citywide Operating Budget/CIP Ordinance and Miscellaneous Fees and Personnel Resolution City Council Work Study Session City Manager’s Proposed FY 2022-2023 General Fund Budget Includes CIP, Miscellaneous Fees, and Workforce Changes City Council Budget Workshop Session: FY 2022-2023 Budget Discussion Preliminary FY 2021-2022 Budget Status (3rd Quarter Update) Ten-Year General Fund Financial Outlook Preliminary CIP Capital Improvement Program (CIP Early Direction City Council Budget Policy Discussion March/April 2022 Mid-Year Budget Report to City Council (2nd Quarter Update) Present FY 2022-2023 Budget Calendar for City Council approval FY 21-22 Mid-Year Budget Report Budget/CIP and City Council Budget Hearings with Budget Workshop Session Adoption Departments Budget Policy Discussion Work Study Session Public Hearing Community Budget Meeting City Council Approval of Budget Calendar EXHIBIT 1