AGENDA DATE: 1/15/2020
TITLE:
Title
FY 21 Budget Development Guidance
BODY
SUBJECT/PROPOSAL/REQUEST: FY 21 Budget Development Guidance
ITEM TYPE: Regular Action Item
STAFF CONTACT(S): Richardson, Allshouse, L., Bowman, Vinzant
PRESENTER (S): Lori Allshouse
LEGAL REVIEW: Not Required
REVIEWED BY: Jeffrey B. Richardson
BACKGROUND: In accordance with the budget development schedule, the Board of Supervisors holds a series of work sessions in the fall to review long-range fiscal planning information prior to the annual budget process.
The first work session, held on November 13, was a joint work session with the School Board. During the November 13 work session, the Board of Supervisors and School Board reviewed and discussed information on five-year revenue projections, the Capital Improvement Plan (CIP) Advisory Committee’s recommendations for the FY 21- FY 25 CIP, major operational expenditure assumptions, and the School Division’s five-year financial forecast.
At the December 4 and 18 work sessions, the Board of Supervisors received and discussed information on General Government’s five-year financial plan, considered strategic uses of FY 19 year-end funding, and provided initial guidance on the FY 21 budget development process.
STRATEGIC PLAN: Mission: To enhance the well-being and quality of life for all citizens through the provision of the highest level of public service consistent with the prudent use of public funds.
DISCUSSION: The provision of budget guidance in the context of long-range financial planning is an important component of the County’s fiscal processes. These series of work sessions provide a venue for discussion regarding important longer-term priorities and creates a framework within which the FY 21 budget development will take place. The January 15 work session will be focused on guidance for the annual budget process.
BUDGET IMPACT: These work sessions provides guidance for the development of the Recommended FY 21 Budget in context of the County’s long-range financial plans.
RECOMMENDATION:
Recommendation
Staff recommends that the Board of Supervisors provide direction to staff that will inform the upcoming FY 21 budget development process.
ATTACHMENTS: None