Lake County, IL
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File #: 22-0521    Version: 1 Name: FY23 Budget and Finance Policies
Type: discussion Status: In Committee
File created: 3/28/2022 In control: Financial & Administrative Committee
On agenda: Final action: 4/7/2022
Title: Discussion - Fiscal Year 2023 Budget and Financial Policies
Attachments: 1. 3.1 Finance Policy [Draft-FA-Cmte), 2. 3.2 Fund Balance Reserve Policy [Draft-FA-Cmte], 3. 3.3 Revenue Policy [Draft-FA-Cmte], 4. 3.4 Debt Policy [Draft-FA-Cmte), 5. 3.5 Budget Development Policy (Draft-FA-Cmte), 6. 3.5.FY23 Budget Planning Guidance [Draft-FA-Cmte), 7. 3.6 Budget Execution Policy (Draft-FA-Cmte), 8. 3.7 Accounting, Auditing and Financial Reporting Policy [Draft-FA-Cmte], 9. Budget Policies 04.07.22
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Discussion - Fiscal Year 2023 Budget and Financial Policies


Staff Summary

                     As discussed at the March 2022 Finance and Administrative Committee, staff has updated, expanded, and reformatted budget and financial-related policies to better align with the nature of the content as well as incorporate a standard policy template.

                     Draft versions of the updated policies are attached. Feedback from the Committee will be incorporated and the final versions will be brought back to the Committee for approval.