INTRODUCTION
Cost Allocation for Administrative and Support Functions Grants and Federal Funds Risk Management Investment Policy Debt Management Policy
Glossary Listing of acronyms and terms used throughout the budget document, as well as links to external websites where additional related information can be found, when appropriate. Budget Development Process The City of Irvine operates on a fiscal year basis, starting July 1 and ending June 30, and operates on a two-year budget cycle. Article X of the Irvine City Charter and Section I-3-210 of the Code of Ordinances set forth the legal requirements for the preparation of the budget. The budget is prepared by the Budget Office and departmental budget coordinators under the supervision of the City Manager. Irvine has advisory commissions appointed by the City Council that are involved in the development and review of the budget. The Community Services Commission, Planning Commission, Transportation Commission and Senior Citizens Council provide budget input and analysis about programs relating to their particular areas of responsibility. The Finance Commission is specifically charged by the City Council to “review the City’s General Fund, Capital Improvement Program and Special Funds budget, including review of policies and procedures, timeframes, format, service delivery, funding alternatives and City Council priorities.” Following the publication of the proposed budget, the advisory commissions hold public meetings to discuss the budget and provide specific recommendations to the City Council.
The proposed budget is reviewed with the community in March, presented to the Finance Commission in April, and transmitted to the City Council in June for review, public input, deliberation and adoption.
24
FY 2023-25 Adopted Budget
Made with FlippingBook interactive PDF creator