File #: 25-015    Version: 1 Name:
Type: Order Status: Passed
File created: 11/27/2024 In control: Town Council
On agenda: 2/11/2025 Final action: 2/11/2025
Title: To refer the Town Manager's proposed budget for fiscal year 2025-2026 to the Town Council's Finance Committee for its review and recommendation.
Attachments: 1. 25-015 Cover Sheet.pdf, 2. Manager's Proposed 2025-2026 Budget Presentation.pdf, 3. Budget Revenues Summary.pdf, 4. Budget Revenues Summary.pdf, 5. Budget Expenditures Summary.pdf, 6. 11100-11900 Expenditures Detail.pdf, 7. 12100-12900 Expenditures Detail.pdf, 8. 13100-13400 Expenditures Detail.pdf, 9. 14100-14700 Expenditures Detail.pdf, 10. 15110-15500 Expenditure Detail.pdf, 11. 16100-16530 Expenditures Detail.pdf, 12. 17110-17211 Expenditures Detail.pdf, 13. 18100-18300 Expenditures Detail.pdf, 14. 19100-19920 Expenditures Detail.pdf, 15. 22110 Sewer Fund Expenditure Summary.pdf, 16. 22110 Sewer Fund Expenditures Detail.pdf, 17. 22110 Sewer Fund Revenue Detail.pdf, 18. 22120 Recreation Fund Expenditure Summary.pdf, 19. 22120 Recreation Program Fund Expenditures Detail .pdf, 20. 22120 Recreation Program Fund Revenue Detail.pdf
I. Council Action Requested.
Title
To refer the Town Manager's proposed budget for fiscal year 2025-2026 to the Town Council's Finance Committee for its review and recommendation.

Body
II. Basis for Council Action.

Council approval of this item is required because;

a. Pursuant to Article V, Section 2 of the Charter "the Town Manager, not less than ninety (90) days prior to the beginning of the new fiscal year, shall submit to the Council a budget," and
b. Pursuant to Section 27, Paragraph 3 of the Council Rules the "Finance Committee shall have the duty to meet with the Town Manager to review the manager's recommended annual budget, and to make recommendations thereon to the Town Council."

III. Issue Summary.

The Council's Finance Committee will tentatively begin its review of the budget February 13, 2025, and continue on February 27, 2025 and March 3, 2025. The meetings are open to the public and will be televised. Future meetings will be posted online where Council meeting agendas are posted.

Upon conclusion of the Finance Committee's deliberation, they will report to the full council. The Council then will hold at least one budget public hearing before voting on the budget by the end of May for action by the budgetary town meeting in June.