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Late November |
Issuance of Capital Improvement Projects
(CIP) Instructions |
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Memo is sent to all divisions
and department heads requesting CIP requests for one and six
years
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Mid December |
Departmental CIP
Submittals |
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Every department submits on
each capital item request:
(1) description
(2) cost
(3) source of funding
(4) justification
(5) impact analysis
(6) construction period-if applicable
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Late December/Early January |
CIP Committee Review |
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Plans are drafted by the
committee for one and six year period CIP.
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Early January |
City Administrator’s
Review |
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CIP plan is reviewed in
detail with the CIP committee.
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Mid/Late January |
Proposed CIP Plan
Submitted |
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The Norfolk Planning
Commission and the Finance Committee of the Norfolk City
Council review the proposed plan and amend as needed.
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Early February |
Public Hearing Notice |
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At least 10 days prior to
public hearing, notice is published.
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Late February |
Adoption of CIP Plan |
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CIP resolution is adopted and
one and six year CIP plan approved at the second City
Council meeting in February.
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Late February |
Street Improvement Portion
of CIP sent to Nebraska Department of Roads |
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One and six year Street
Improvement Plan is due to the State by March 1.
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Late April |
Issuance of Budget
Instructions |
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Operational supplies and
utilities cost variables for the upcoming budget year and
cost-of-living assumption are included. Each department or
division is instructed to submit the budget in four service
level options, two that reduce expenditures and services and
two that either maintain or improve services.
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May |
Preparation of Revenue
Projections and Departmental Budgets |
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Expenditure requests are
prepared in four levels:
(1) Four percent reduction from prior year.
(2) Assumes the same amount of funding as authorized in the
prior year.
(3) Increase of four percent over prior year authorized
budget.
(4) No constraints.
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Early June |
Revenue Projections and
Departmental Submittals |
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Personnel, operations and
maintenance, and capital outlay requests along with
goals/objectives and impact analysis are submitted.
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Mid June |
City Administrator’s
Review |
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Revenue projections and each
department’s budget request is reviewed in detail with the
City Administrator.
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Late June/Early July |
Balancing Process |
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Mid July |
Proposed Budget submitted
to the Finance Committee of the City Council |
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City Administrator’s
recommendations are submitted. At this time, preliminary
budgets are put on the City's web site for citizen review.
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Mid July |
Budget Work Sessions |
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Finance Committee review of
the proposed tentative budget by department.
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August 1 |
Political Subdivisions
submit Requests |
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Preliminary requests for levy
allocations to subdivisions presented to City Council.
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August |
Property Tax Relief
Assurance/Budget Limitation Compliance Review Committee
Report |
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Review of the proposed budget
is presented to the City Council.
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August |
Proposed Budgets Approved
by the Finance Committee Placed
on the City's Web Site for Citizen Review |
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August 20 |
Deadline for Certification
on the Current Value of Taxable Property |
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The County Assessor certifies
the current taxable value of the taxable property subject to
the applicable levy.
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September 1 |
Final Allocation for
Public Subdivisions |
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City Council determines final
levy authority for subdivisions.
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Early September |
Budgets Distributed |
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Budget books are compiled and
distributed to Mayor, City Council, Department and Division
managers. Summary budget booklets are also distributed to
the Mayor and City Council as well as other entities and
citizens upon request and available at the budget hearing.
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Mid September |
Proposed Budget Filed with
City Clerk and Public Hearing |
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Notice published at least
five days prior to hearing. Citizen's comments are obtained
and reviewed.
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Mid September |
Adoption of Final Budget |
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Appropriations ordinance
approved and submission of State forms.
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September 10 |
County Clerk sets
Preliminary Property Tax Rate |
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Rates are set for each public
subdivision by applying the prior year property tax request
to the new valuation.
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September 15 |
Preliminary Property Tax
Rates Published in Newspaper |
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September 20 |
Deadline for County and
State to receive Approved Budget |
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October 1 |
Fiscal Year Begins
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October 13 |
Property Tax Levy Adopted
by County Board |
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Prior to this, the City
Council may change the property tax levy from the
preliminary rate by a majority vote of the Council after a
special public hearing.
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