HomeMy WebLinkAbout48. 2014 Budget Process 2014 BUDGET PROCESS PLAN AND TIMELINE
Date Activity
APRIL 9th Plan and Timeline to Council
MAY Draft of Pay for Performance Program and Roll-Out to Supervisors/Staff
JUNE First Council Workshop
(4th Tuesday)
1. Overall Economic Picture
2. Revenues
A. State
B. Local
C. Range of Options/5-Year Projection for Property Taxes
3. Expenditures
A. 5-Year Historical Numbers—Oshkosh/Compare Spending to Other WI
Communities
B. Non-Personnel Costs
1. Basic Assumptions for non-personnel costs
C. Personnel Costs
1. Pay for Performance Program
2. Compression Issues
3. Adjust Ranges/ Raises
4. 5 Year History of Personnel Costs
D. Debt
1. Current Status
2. 2013 Borrowing
3. 2014 Capacity
4. Fund Balance- Current Status based on 2012 Year End
5. 2012 Accomplishments from Strategic Plan
2013 Strategic Plan/City Manager Goals—Update and budgetary impact
6. Enhancements/Reductions Savings Options
JUNE Preliminary 2013 Health Insurance Information - First Estimate for 2014
JULY Second Council Workshop
(4th Tuesday)
1. 2012 Year-End Audit Report
2. 2013 Six-Month Financials/Preliminary Year End Estimate
3. Run Model For 3 years history, 2-3 yr. projections—
4. Legal Capacity to Increase Taxes
5. Debt Picture
6. Special Assessments Fund
7. TIF Positions
8. Unfunded WRS Liability
9. Analysis of Contracted Services/Options to combine services
10. Direction on Priorities for 2014 Budget
JULY Departments Working on Line Item Budgets
JULY Personnel to Estimate Wages (2013 Estimates/ 2014 Projections)
JULY Work with Departments to Establish Performance Measures for 2014
AUGUST Third Council Workshop—CIP
1. Introduce
2. Explanation of Projects
3. Borrowing Limitations
4. Priorities
5. Plan Commission Review of CIP
AUGUST Internal Deadline for Completion of Departmental Budgets
AUGUST Finance Compiles Preliminary Draft of 2014 Budget
AUGUST/ Review of Preliminary Budget— Internal Meetings
SEPTEMBER (Department Heads/City Manager/Finance Director)
AUGUST/ Receive Final Information from State
SEPTEMBER
1. Assessed Value
2. Benefits, WRS Rates, Life Insurance and ICI Rates
3. Revenues/Aids
(Shared Revenue, Expenditure Restraint, GTA, Transit, Computer Aids,
Recycling, PMS, etc.)
SEPTEMBER Budget Refinement/ Revisions
SEPTEMBER Revenues Estimated
October Preliminary Budget Delivered to Council
(8th—15th)
OCTOBER Fourth and Fifth Budget Workshops to Discuss Departmental Budgets in Detail
(Department by Department)
OCTOBER Public Informational Meeting
NOVEMBER Sixth/Final Workshop for CIP and any Operation Budget Follow-Ups
NOVEMBER Budget Hearing
(12th)
NOVEMBER Approval of 2014 Budget and CIP
(26th)