BUDGET AND STRATEGIC PLANNING DESCRIPTION The Division of Budget and Strategic Planning provides financial and management information, control, and guidance to the City Council, City Manager, and City departments. The primary responsibilities of the division include the development and execution of the Annual Financial Plan and multi-year Capital Improvement Program, oversight of City department budgets and funds, strategic financial planning and fiscal impact analysis. FY 2019 ACCOMPLISHMENTS
Achieved 100% of the City’s financial policy goals through the adopted annual operating budget.
Awarded the Distinguished Budget Presentation Award from the Government Finance Officers Association (GFOA) for the 10th consecutive year reflecting the achievement of the highest principles in governmental budgeting.
FY 2020 OBJECTIVES
To develop a balanced budget in compliance with the City Charter and within local and state mandated timeframes for financial plan development. (Financial Stability)
To provide quarterly budget status reports to the City Manager, City Council, City Departments, and citizens of Suffolk within 30 days of the end of each quarter. (Financial Stability)
To review and submit at least 95% of budget adjustment requests for processing within 48 hours of receipt from city departments. (Financial Stability)
STATISTICS/PERFORMANCE MEASURES Balanced Budget prepared within prescribed timeframes GFOA Distinguished Budget Award received Financial Policies: Budgeted capital projects meet 3% “Pay Go” policy Debt as a percentage of assessed value at/below 4% Debt as a percentage of general gov’t expenditures at/below 10% Fund Balance at/above 12% per City Financial Policies Variance in actual to projected General Fund revenue Percent of budget transfers reviewed/processed within 48 hours
FY 18 Actual
FY 19 Projected
FY 20 Estimate
3.0% 2.3% 8.8% 17.0% 3.1% 99%
3.0% 2.2% 8.3% 18.9% 3.1% 100%
3.1% 2.1% 8.0% 18.9% 3.0% 100%