RES 231397 - Laserfiche WebLink

B - 1 City of Pleasanton Operating Budget • FY 2023/24 - FY 2024/25 APPENDIX B • Budget Preparation Process • Budget Calendar • Glossary • Acronyms • Accounting Systems and Fund Structure Budget Preparation Process The City of Pleasanton has adopted a number of fiscal management policies which help guide it through budget preparation and fiscal decision-making. In addition to these policies, City staff utilized Strategic Plans, the Fiscal Model, internal Enterprise and Replacement fiscal models and the CIP during the preparation of the two-year Operating Budget. This method of budgeting has served the City well by delivering both relatively balanced budgets and capital improvements that have provided well-planned infrastructure throughout the City’s history. In addition, it allows for long-term planning, quick analysis of impacts of proposed changes and memorializes year-to-year fiscal decision making of City Council priorities. In addition to the documents discussed above, the Finance Department will also prepare a “snapshot” Budget-in-Brief document which provides a condensed version of key information from both the Operating Budget and the CIP. The Budget-in-Brief will be included in the summer or fall 2023 edition of the City’s quarterly newsletter. In addition, all of these documents will be readily available on the City’s website at the following location: www.cityofpleasantonca.gov Budget Guidelines The Operating Budget is developed and managed per the General Financial Policies, beginning on page C–1, and the budgetary principles defined below. The purpose of the policy is to establish guidelines for budget development, administration, and management and to set the City’s fiscal policies regarding user fee cost recovery goals, capital financing and debt management. The two-year Operating Budget is adopted no later than June 30th for the ensuing fiscal year. Every six months after the adoption of the budget, the City Council formally reviews the City’s fiscal condition and amends appropriations as needed. The City Council may, by majority vote, amend or supplement the budget at any time after its adoption. The City Manager and the Director of Finance both have the authority to make administrative adjustments to appropriations as long as there is no funding source incompatibility and provided those changes do not increase the overall appropriations except as allowed in the General Financial Policies. All budget transfers require the approval of the Director of Finance except those affecting personnel which must be approved by the City Manager.