The City of Lake Forest Operating Budget
Fiscal
Year 2013 Budget
Personnel Policies and Practices
City
Employee Pay Plan
The City prepares an annual budget, which is actually a
schedule of the City's income from taxes and other sources
and a schedule of what the City plans to spend during the
year. The City balances these two schedules, much like a
household balances its checkbook.
The budget process begins in September of each year when
each City department reviews its fees for the services it
provides. The fee requests from each department are reviewed
by the Finance Committee of the City Council in November,
and the operating and capital budget process begins in
November.
Each department is given a target budget amount based upon
forecasted revenues. Departments then prepare estimated
actuals for the current budget year and the next budget year
proposals. Three months later, or in March, the Finance
Committee meets to review the proposed budget. In April, the
City Council receives the final revisions to the budget. The
first meeting in May is when the budget is formally adopted
by the City Council.
For the FY2013, the General Fund's budget for expenditures
is $30,712,109. The Expenditure Budget for all funds,
excluding the Library, totals $75,536,211
The budget book is divided into sections: the Budget
Message, Revenue/Expenditure Summaries, and Operating
Budgets by division. Current and previous fiscal years'
budget books can be viewed from our
Downloads page, at
the
Lake Forest Library,
City Hall, or the
Municipal Service Building
Monday thru Friday
between the hours of 8:00 a.m. and 4:30 p.m. The public is
encouraged to attend meetings of the Finance Committee to
learn about the City finances and provide feedback.
Capital Improvement Fund Budget
The City's Fiscal Year 2013 Capital Improvement Fund Budget
totals $4,162,904.
Notable
Fiscal Year 2013 Projects
(613k - 115 pages) can be viewed through this link. |
