Lake County, IL
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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Title

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.