Fiscal Year (FY) 2025 Budget Process

This is the first of a series of podcast episodes following the development of the Town’s FY 2025 budget. FY 25 year starts July 1, 2024, and ends June 30, 2025.  The process started with a Town Council Budget Work Session, on Tuesday, January 30, 2024.  The January 30, 2024, session outcomes were Understanding of the Town’s current financial standing The long-term budget outlook for the Town Department Directors communicate department priorities Elected officials establish priorities and communicate budget goals  Meeting agenda: Presentation by Town Treasurer:  FY23 Financial Overview FY24 mid-year budget review Presentations by the Department Directors.<br/><br/> This January 30th budget work session will be followed by additional Town Council work sessions and public hearings.<br/><br/> Calendar of events for the preparation of the Town's Fiscal Year (FY) 2025 Budget. FY 25 starts July 1, 2024, ending June 30, 2025. <br/>DATE EVENT<br/>Tuesday, January 30, 2024 -  Budget work session<br/>Wednesday, February 07, 2024 -  Budget worksheet available to Department Directors.<br/>Friday, February 23, 2024 -  Deadline for all Department Directors to complete FY 2025 budget worksheet(s) for review by the Town Manager and Treasurer.<br/>Monday, March 04, 2024 – Thursday, March 14, 2024, The Town Manager and Treasurer meet with Department Directors to align<br/>their budgets with service priorities and available resources.<br/>Friday, March 22, 2024 - The Town Manager transmits the Proposed Budget for FY 2025 to the Council.<br/>Tuesday, April 09, 2024 -  Town Council Regular Meeting - Budget discussion focusing on General Funds.<br/>Tuesday, April 16, 2024 -  Town Council Regular Meeting - Budget discussion focusing on Enterprise Funds (Water, Sewer, Stormwater Management, Trash/Recycling)<br/>Friday, April 12, 2024 - <br/>1. Publication of notice of public hearing on Constant Yield Tax<br/>Rate scheduled for April 23, 2024<br/>2. Publication of notice of public hearing on Fee Schedule<br/>3. Publication of notice of public hearing on Financial Plan<br/>Budget<br/>Tuesday, April 23, 2024, Town Council Regular Meeting - <br/>1. Public Hearing and Public Comment on Constant Yield Tax.<br/>2. Discussion of fee schedule.<br/>3. Discussion of any outstanding budget items.<br/>4. Introduction of Ordinance for FY 2025 Tax Rates.<br/>Tuesday, May 14, 2024, Town Council Regular Meeting - <br/>1. Public Hearing and Public Comment on FY 2025 Fee<br/>Schedule.<br/>2. Public Hearing and Public Comment on FY 2025 Financial<br/>Plan Budget<br/>3. Introduction of Ordinance adopting the FY 2025 Fee Schedule.<br/>4. Introduction of Ordinance adopting the FY 2025 Financial Plan<br/>Budget.<br/>5. Adoption of Ordinance for FY 2025 Tax Rates<br/>Tuesday, May 21, 2024 Town Council Regular Meeting - Adoption of Ordinances for FY 2025 Fee Schedule and Financial Plan Budget.<br/><br/><br/><br/>This concludes this latest La Plata Town Council Ward 4 Update. I hope you find this podcast informative and useful. Let me know what you think. I look forward to your questions and comments. My email address is djenkins@townoflaplata.org Talk to you soon!