City Budget, Pay Plan, Personnel Policies

Annual Budget Fiscal Year 2025
Budgeted Compensation Fiscal Year 2025
Budget in Brief Fiscal Year 2025
Budget Summary Fiscal Year 2025
Personnel Policies and Practices 
City Employee Pay Plan Fiscal Year 2025

The City prepares an annual budget, which is a schedule of the City's revenue 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 City Council formally adopted the FY2025 budget on April 15, 2024.

For the FY2025 fiscal year, the General Fund's budget for expenditures is  $42,832,963. The Expenditure Budget for all funds, excluding the Library, totals $115,731,555.

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 Documents Page, at the Lake Forest Library, City Hall, or the Municipal Services Building Monday thru Friday between the hours of 8 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 Improvements BudgetThe City's Fiscal Year 2025 Capital Improvements Budget totals $23.35 million.
View Notable Fiscal Year 2025 Projects.
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