Annual Operating Budget & Capital Improvement Plan (CIP)
The City's fiscal year runs from July 1st through June 30th (i.e. FY2024 is July 1, 2023 to June 30, 2024). Each year the Mayor, City Administrator, and Director of Budget and Personnel Services, with the assistance of the Department Heads, prepare the spending plan for the City, which is the Mayor's Proposed Budget.
Current Budget and Capital Improvement Program: FY2024
The Capital Improvement Program (CIP) is a fiscal plan or a schedule for financing public improvements over a period of time. Capital Improvement Programming enables a community to reconcile its need for public improvements with its ability to finance the improvements.
City Code requires that the Mayor and City Council adopt a CIP budget each year. Charter Resolution 162 changed the adoption date of the CIP from February 28 each year and incorporates it with the adoption of the General Operating Budget on June 30 of each year.
Access the Capital Improvement Program and Budget information in the Archive Center.