INTRODUCTION
Strategic Technology Plan The Strategic Technology Plan highlights the City’s investments in Information Technology and provides a five-year technical and financial forecast.
Financial Policies The City of Irvine Fiscal Policies includes the following major categories: Long-Term Financial Planning Biennial Budget Capital Improvement Program (CIP) Budget Balanced Budget General Fund Contingency Reserves Infrastructure Funding Interfund Transfers and Loans User Fees and Cost Recovery Cost Allocation for Administrative and Support Functions Grands and Federal Funds Risk Management and Internal Controls Investment Policy Debt Policy
Budget Guidelines Outlines the City’s budget procedures that guide the development and administration of the annual operating budget. Includes accounting and annual reporting, contract budgeting, budget adjustments, and other guidelines. 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 Process Summary 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. The budget is prepared by the Budget Office and Departmental Budget Coordinators under the supervision of the City Manager. The proposed budget is reviewed by the Finance Commission in public meetings in April, and transmitted to the City Council inMay for review, public input, deliberation and in June for adoption prior to the beginning of each new fiscal year (July 1).
Budget Structure
Operations Budget : The operations budget, or General Fund budget, is the City’s biennial fiscal blueprint. The operations budget is a guide for the receipt and disbursement of funds used to provide daily, routine public services to the community. The operations budget outlines the many municipal services, programs and projects provided by the City during the fiscal year. It also identifies specific General Fund revenue estimates and expenditures necessary to implement services to the community.
FY 2019-21 Proposed Budget
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