HomeMy WebLinkAboutIR 7165 INFORMAL REPORT TO CITY COUNCIL MEMBERS No, 7165
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�a�Foer,�o�e To the Mayor and Members of the City Council Januar y 20, 1987
rEXA4. Subject: FINANCIAL CALENDAR
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Attached to this report please find a calendar of key dates over the remainder
of this fiscal year relating to significant financial issues. This calendar
is provided in an effort to facilitate planning and preparation for important
decisions pertaining to financial matters. It is the staff's intention to
periodically revise 8nd modify this calendar as we progress through the year.
Some of the indicated dates may benefit from elaboration:
A. January 27, 1987 - at this Pre-Council meeting the staff will present pro-
posed policies to guide city financial activities as well as suggest the size
and timing of the city's 1987 bond sale (G.O. and Water/Sewer Revenue). Staff
will recommend a reduced sale thereby extending the program somewhat and
reducing the debt service impact on the annual operating budget.
S. February 3, 1987 - at this Council workshop, the staff will review budget
performance of the first quarter of 1986-87 and also present highlights of the
new five year financial forecast.
C. May 1-2, 1987 - it is proposed that the next City Council goal setting
retreat be held on these dates, in a format similar to past years.
D. June 2, 1987 - at this Council workshop staff will brief the Council on the
major policy questions likely to be included in the 1987-88 proposed budget.
Council guidance at this point in the process will be extremely critical.
E. August 11, 1987 - the 1987-88 propsed budget will be presented to the
Council during this Pre-Council meeting.
F. September 8, 15, or 22, 1987 - Council adoption of the 1987-88 budget
should be accomplished on one of these dates.
It is hoped that this calendar of events and decision points will prove help-
ful to the City Council. Please let me know if you have any questions.
DougW Harman
City Manager
Attachment
ISSUED BY THE CITY MANAGER FORT WORTH, TEXAS --
INFORMAL REPORT TO CITY COUNCIL MEMBERS NO. 7165-p.2
(RFa' To the Mayor and Members of the City Council January 20, 1987
Subject: FINANCIAL CALENDAR
KEY DATES FOR FINANCIAL ISSUES
I. January 27, 1987
A. City Council Workshop presentation on proposed financial policies
for the City.
B. Discusison of proposed 1987 bond sale.
II. February 1, 1987
A. Decision required by Customer Cities regarding system access fees.
III. February 3, 1987
A. City Council Workshop presentation on first quarter budget perfor-
mance and five year forecast.
B. Discussion of change in ambulance fees and/or subsidy.
IV. March 2, 1987
A. Departments begin preparation of 87-88 budget.
V. March 3, 1987
A. City Council workshop presentation covering 1986-87 budget update
and discussion of 1987-88 budget option and policy issues.
VI. April 1, 1987
A. Effective date of changes in ambulance fees and/or subsidy.
VII. April 4, 1987
A. City Council election.
VIII. April 18, 1987
A. A Run-off election for Mayor/Council if needed.
IX. April 28, 1987
A. City Council adoption of homestead exemption for 1987-88.
X. May 1-2, 1987
A. City Council Budget Coal Setting Retreat.
X1. .Tune 2, 1987
A. City Council Workshop presentation on 87-88 budget issues.
XII. July 7, 1987
A. City Council workshop briefing on 1987-88 budget issues based on
most current information.
XIII. July 10, 1987
A. Finalization of proposed budget.
ISSUED BY THE CITY MANAGER FORT WORTH, TEXAS
INFORMAL REPORT TO CITY COUNCIL MEMBERS No. 7165--_l
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�offaRr�� To the Mayor and Members of the City Council January 20, 1987
Subject: FINANCIAL CALENDAR
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KEY DATES FOR FINANCIAL ISSUES
XTV. August 11, 1987
A. Proposed budget presented to City Council.
B. Beginning of budget study sessions.
XV. September 8, 15, or 22, 1987
A. City Council adoption of 1987-88 budget.
ISSUED BY THE CITY MANAGER FORT WORTH, TEXAS ---