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City of Columbia Budget Process

City of Columbia Budget Process

FEBRUARY

  • Combined Annual Financial Report is finalized and put on the city’s website.
  • City manager reviews capital improvement projects with departments.
  • City manager develops budget guidelines for departments.

MARCH – APRIL

  • Capital improvement projects draft prepared and given to Planning and Zoning Commission to review and comment.
  • Council retreat: review year-end financials, strategic plan, and council-recommended topics.
  • Departments prepare budget estimates for the current fiscal year and the next fiscal year.

MAY

  • Council mini-retreat to review capital improvement projects draft, 6-month financial information, and budget issues for the next fiscal year.
  • Additional revenue forecasting prepared.
  • Budget staff reviews departmental budgets and meets with each department.
  • City manager presents State of the City report.

JUNE

  • City manager meets with each department to review their budget estimates for the rest of this fiscal year and next year.

JULY

  • Public hearing on the capital improvement projects for next year.
  • City manager makes final budget decisions.
  • Proposed budget document prepared and distributed to city council, press, employees, and the public.

AUGUST – SEPTEMBER

  • Public hearings and work sessions held to review departmental budgets.
  • Budget amendments prepared.
  • Council adopts the budget at the second city council meeting in September.
  • Adopted budget document and capital improvement projects document prepared.
  • OCTOBER
  • Fiscal year begins.
  • Budget document and capital improvement projects document placed on the city’s website.
  • NOVEMBER – JANUARY
  • 10 Year Trend Manual prepared.
  • External auditors perform audit of last year’s financial information.
  • Departments identify new capital projects.
  • Budget staff develops intragovernmental charges for next fiscal year.
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