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HomeMy WebLinkAboutAnnual Budget Cycle FYE05January 11, 2004 Village of (ffauuga 2eigljfs MARCHAM HALL 836 HANSHAW ROAD ITHACA, N.Y. 14850 To: Mayor Lynn Board of Trustees Department Heads From: Jeffrey Silber Treasurer A0 Re: Annual Budget Cycle FY05 Telephone 607. 257.1238 Office Hours 9 A.M. - 4 P.M. The following is the proposed timing of the annual budget development cycle for the 2003 -2004 fiscal year: January 12 Department heads receive budget preparation documents and request for year -end budget projections. January- February Departments prepare budgets and review with appropriate Board committees. February 26 Deadline for departmental budget requests to be submitted to the Treasurer for compilation. March 8 Draft budget, based on departmental requests, may be distributed to Board of Trustees for further development. March 20 Deadline for the tentative budget to be submitted by the Treasurer to the Village Clerk. Clerk presents budget to Board at regular or special meeting (likely March 22). April 5 Public hearing on the Tentative Budget. Adoption of budget in organizational meeting (or in a future meeting). April Adopted budget filings submitted to the State.