1. Introducing the FY2017-2018 Budget
02/21/2017

2. Topics Process/Timeline Goals Revenues Expenditures Capital Projects
Council Asks

3. Process/Timeline
Departments have submitted their budgets to the Town Manager
The Department submittals request everything the department should and would like to do.
Finance takes them and creates an aggregate picture as a starting point
Departments present their budgets to the Town Council at worksessions
The Town Manager uses Council and community feedback on the department budgets to produce the “Town Manager’s Recommended Budget”
Public Hearings are held on the Town Manager’s Budget
Council adopts the budget

5. Worksessions Tuesday, February 28, 2017 at 6 p.m.
Revenues
Public Works Department
Capital Projects
Tuesday, March 14, 2017 at 6 p.m.
Planning & Comm. Dev
Police
Town Manager IT
Finance

6. Goals Participatory Process Strategic Plan Implementation
Balance Ongoing Revenues and Ongoing Expenditures
Maintain High Levels of Service
Prioritization of Capital Projects

7. Revenues Real Estate Assessments Up Business Taxes Strong
General Assembly continues to limit creativity
Use entire “menu” of taxes available
Economic Development – Holland, Hotels, business turnover
Rates?

8. Tax Rates

9. Expenditures (Operating)
General Fund vs Capital Expenditures
60% of operating expenditures are tied to personnel – the people who do the work
One new position, limited “programmatic changes”

10. Expenditures (Capital)
Unending List of Capital Projects –
Theatre
Pool
Town Hall
Fiber
Parks
Downtown Sidewalks
Stormwater/Drainage

11. Council’s Role Understand the Timeline Encourage (Early) Participation
Ask Questions
Provide Departments and the Town Manager big picture guidance