The Fiscal Year 2018 Budget process began in July with distribution of historical data and forms to all the department directors. Each department formulated budgets in three major areas: maintenance & operating; operating initiatives; and capital project requests. Concurrent with departmental budgeting, finance staff completed the first draft of a salary/benefits budget as well as formulated initial revenue estimates.
In late July, each department director met with the City Manager to review their budget requests. Each request was evaluated by the City Manager, the Assistant City Manager and Finance Director and consideration was given to the priorities identified by the department director and available funding sources. Consideration was also given to the strategies identified in the 2016-2020 Strategic Plan.
The Fiscal Year 2018 Budget emphasizes progress toward implementing the five goals outlined in the Strategic Plan:
The Finance Department assists the City Manager in the preparation of the city's annual operating and capital improvement budget, which includes holding public hearings on the document.
In order to monitor that the city is in compliance with the adopted budget, the finance director also provides monthly reviews and analysis of the document to actual revenues and expenditures.
Milton's fiscal year runs from Oct. 1 through Sept. 30. The full FY 2018 budget is available here.