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.
Proposed FY 2025 Budget
At the Town Council meeting held January 25, 2024, the Town Manager presented the Fiscal Year 2025 Proposed Budget and FY2025 – 2029 Capital Improvement Plan. Below is a link to the Proposed Fiscal Year 2025 Budget Document, Fiscal Year 2025 Line-Item Detail Report, and 2025-2029 Capital Improvement Plan, along with the Town Manager’s Fiscal Year 2025 Proposed Budget Presentation. Town Council’s four Budget Work Sessions are scheduled for February 8th, 15th, and 22nd with a Budget Public Hearing scheduled for February 22nd, and a Budget and Tax Rate Adoption/Public Hearing scheduled for March 20th.
Town Manager’s Fiscal Year 2025 PROPOSED Budget Document (January 25, 2024)
PROPOSED Fiscal Year 2025-2029 Capital Improvement Plan (January 25, 2024)
Town Manager’s PROPOSED Fiscal Year 2025 Line-Item Detail Report (January 25, 2024)
Town Manager’s Fiscal Year 2025 PROPOSED Budget Presentation (January 25, 2024)
FY 2024 Budget
At the Town Council meeting held January 26, 2023, the Town Manager presented the Fiscal Year 2024 Proposed Budget and FY2024 – 2028 Capital Improvement Plan. The 2023 real estate property tax rate was adopted by Town Council on March 23, 2023. The Fiscal Year 2024 and FY 2024-2028 Capital Improvement Plan along with the Fiscal Year 2024 Schedule of Fees were adopted on April 13th. Below is a link to the Budget Document which includes the Line-Item Detail Report and the FY 2024-2028 Capital Improvement Plan.
FY 2024 ADOPTED Budget Document; Line-Item Detail Report & FY 2024-2028 Capital Improvement Plan
Town Manager’s Fiscal Year 2024 Budget Presentation (January 26, 2023)
FY 2023 Budget
At the Town Council meeting held March 24, 2022, the Town Council adopted Fiscal Year 2023 Budget and Fiscal Years 2023 – 2027 Capital Improvement Plan. Below is a link to the Budget Document which includes the Line-Item Detail Report and the FY 2023-2027 Capital Improvement Plan.
FY 2023 ADOPTED Budget Document; Line-Item Detail Report & FY 2023-2027 Capital Improvement Plan
FY 2023 PROPOSED Budget Document; Line-Item Detail Report & FY 2023-2027 Capital Improvement Plan
FY 2023 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.