A budget is a plan for using the City government’s financial resources. The budget discloses proposed expenditures for a given period and the proposed means of paying for those expenditures. Two basic components of a budget are the revenue or sources section and the expenditures or uses section.
What is the City of Cape Coral's annual budget process?
| January/February |
- City Council meets with the City Manager and Department Directors to discuss the upcoming year’s fiscal policy and budget issues
- Budget instructions are sent to department
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| March |
- Departments formulate budget plan
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| April |
- Budgets are due back to the Budget Division from Department
- Analysis of budgets completed by Budget Analysts
- Summary documents are prepared for the City Manager
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| May |
- City Manager meets with each department to review budget requests and service level priorities
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| June |
- City receives preliminary taxable assessed value from Lee County Property Appraiser
- City Manager finalizes departmental meetings and formulates a proposed budget
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| July |
- City Manager’s Proposed Budget is submitted to City Council for review
- City Council sets the tentative millage rate for general operations
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| August |
- Five-year Assets Improvement Program introduced and adopted by City Council
- TRIM notices are mailed to property owners by Lee County Property Appraiser
- City Council workshops held to discuss proposed budget
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| September |
- Two public hearings are held
- Millage rates and the operating budget adopted to include changes to five-year asset improvement program
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