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Budget Process
Each year the Mayor, the City Council, and City staff work together to develop an Annual Budget. While the Budget is being created, all parties must make decisions on how to utilize the limited revenues that the City receives in order to produce the greatest benefits for the citizens.
The fiscal year for the City of De Soto begins January 1 and ends December 31, and the budgeting process for the upcoming year starts in the Spring of the current year (i.e. The 2023 budget process begins in Spring 2022).
MONTH | ACTION ITEMS |
|---|---|
| March | City Administrator updates 5-year projections |
| April | Department Heads submit department budgets, capital items, and requests for additional personnel or expanded levels of service |
| May | - City Council Meeting: Capital Improvement Plan priorities, preliminary revenue projections, policy directives, mill rate discussion - Draft Budget completed by City Administrator & City Finance Director - City Council Meeting: Council receives first draft of Proposed Budget |
| June | City Council Meeting - Budget Discussion |
| June 15 | By this date, county clerks must provide the estimated assessed valuations and revenue neutral rate to taxing districts, K.S.A. 79-5a27 and K.S.A. 79-2988 |
| July | City Council Meeting - Approve publication of 2023 Budget & set Budget adoption public hearing date |
INTENT: If City Plans to Exceed the Revenue Neutral Rate | ||
|---|---|---|
| July | City Council Meeting - Council adopts a resolution stating intent to exceed revenue neutral rate & set RNR public hearing date | |
| July 20 | Last day for City to notify County Clerk of intent to exceed revenue neutral rate | |
| August 5 | Last day for publishing proposed budget and hearing notice | |
| August | Taxpayers receive Estimated Tax Notice | |
| August 15 | Last day for budget public hearing | |
| August 25 | Last day for filing budget with county clerk | |
| September 10 | Last day to publish notice of the revenue neutral rate hearing and budget hearing | |
September 20 | Last day to hold revenue neutral rate hearing and budget hearing | |
October | Finalize Budget Book | |