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.
• A draft Guidance document was presented on March 21, 2024, and April 4, 2024, at the Financial and Administrative Committee. The feedback received at these meetings and further refinement by Staff is shown in the redline version and in a clean version of the attached. If this guidance is approved on May 14, the FY 2025 budget preparation process will begin with departments in mid-May.