Budget Process

The Town’s budget is based on the Fiscal Year July 1-June 30. The Town Council goes through a rigorous process for developing the annual budget and capital improvement plan. The process starts with the Town Council Annual Retreat to identify priorities for the upcoming fiscal year and beyond.  The Town Manager uses this input to develop the Town Manager Recommended Budget which is formally presented to the Mayor and Town Council.  This is followed by a number of meetings and a public hearing over several months to discuss the General Fund, Utility Fund, Five-Year Capital Improvement Plan, and Schedule of Rates and Fees.

FY2023 Budget

At the Town Council meeting held March 24, 2022, the Town Council adopted  the Town Manager’s proposed FY2023 Proposed Budget and FY2023 – 2027 Capital Improvement Projects. Below is a link to the FY2022-2023 Budget Document which includes the Line Item Detail Report and the FY2023-2027 Capital Improvement Projects.

FY 2023 Budget Document – Adopted

FY 2023 PROPOSED BUDGET: Line Item Detail Report and FY 2023-2027 Capital Improvement Projects

FY23 Proposed Budget Presentation

FY 2022 Budget

At their public meeting held on March 25, the Town Council adopted the FY22 Budget, Capital Improvement Plan, and Schedule of Fees.

Adopted: Complete FY22 Budget, CIP, Schedule of Fees

FY22 – FY26 Capital Improvement Plan Program

On March 11, the Town Council held a public hearing regarding the FY22 Budget and Not to Exceed Schedule of Fees:

FY22 Budget Summary and Not to Exceed Schedule of Fees (Public Hearing Ad)

Town Council Proposed FY22 Budget, Capital Improvement Plan and Fee Schedule

On February 18, 2021 the Town Council reviewed the following complete Town Council Proposed Budget Packet:
Town Council Proposed FY22 Budget and Fee Schedule

On January 7, 2021, the Interim Town Manager presented to Town Council the following
Town Manager’s proposed FY22 Budget and Capital Improvement Plan:
Town Manager’s Proposed FY22 Budget Presentation

Town Manager’s Proposed FY22 Budget

FY 2021 Budget

On March 26, 2020 the Town Council adopted the FY21 Budget and Fee Schedule:

Approved FY 21 Budget and Fee Schedule

On March 12, 2020 the Town  Council held a public hearing on the proposed FY21  Budget and Not-to-Exceed Schedule of fees:

Proposed FY21 Not-to-Exceed Budget and Schedule of Fees

On January 9, 2020, the Town Manager presented his Recommended FY21 Operating Budget and Five-Year Capital Improvement Plan (FY21-25):

Town Manager’s FY 2021 Budget Presentation

Town Manager’s Recommended FY 2021 Budget            

Five-Year Capital Improvement Plan (FY21-FY25)

 

Financial Policies – Adopted January 20, 2022

On January 20, 2022,  the Town Council adopted a new set of Financial Policy for managing the Town’s funds.  The policy repeals and replaces the previous versions of the Fiscal Policy adopted by the Council.