Title
Discussion regarding the Fiscal Year (FY) 2025 Budget Planning Guidance.
Staff Summary
• Each year, the County Board provides guidance for development of the annual budget. Guidance that is updated annually is found in Policy 3.5FYxx which is intended to provide parameters or guidelines for a specific fiscal year.
• Policies 3.5 Budget Development Policy and 3.6 Budget Execution Policy provide fundamental policy that is reviewed annually but only updated as necessary.
• The guidance provided through this process includes property tax levy, employee salary increases, new program requests, contributions to capital, environmentally sustainable alternatives, net zero planning, and any specific clarifications.
• Policy 3.5 Budget Development, Policy 3.5FY24 FY 2024 Budget Planning Guidance, and Policy 3.6 Budget Execution are attached for reference and to initiate discussion. The FY 2025 Budget Planning Guidance will be prepared according to your feedback and presented for discussion and approval on April 4 and May 2 for County Board approval on May 14 to ensure Finance staff has ample time to initiate the FY 2025 budget preparation process with departments in mid-May.