Annual Budgets
City of Edgewater staff prepares a budget for Mayor and City Council's approval every year. Budgets provide all forecasted revenues for the year along with operational and capital expenses. This project page includes the City annual budgets and supporting documents. Please feel free to leave us questions or comments you may have.
City of Edgewater staff prepares a budget for Mayor and City Council's approval every year. Budgets provide all forecasted revenues for the year along with operational and capital expenses. This project page includes the City annual budgets and supporting documents. Please feel free to leave us questions or comments you may have.
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Priority Based Budgeting
Share Priority Based Budgeting on Facebook Share Priority Based Budgeting on Twitter Share Priority Based Budgeting on Linkedin Email Priority Based Budgeting linkPriority-based Budgeting at the City of Edgewater
Priority-based budgeting (PBB) is a budgeting method that allocates funds based on community priorities and available resources, rather than departments or previous expenditures. PBB can help ensure that the most important programs and services are funded and preserved. The City of Edgewater staff developed a Priority Based Budget to make City spending more transparent and align General Fund expenses with City Council Priorities.
Steps to Create a Priority Based Budget:
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Inventory City Programs:
- Each department listed their services and organized them into City-wide programs.
- We then consolidated these programs across all departments.
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Allocate Program Costs:
- Departments assigned staff time and expenses to each program as part of the budget planning process.
- These allocations represent the costs incurred by each department to provide services.
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Assign Programs to Priorities:
- Staff used a scoring form to determine which priority each program aligns with most directly.
- Some programs could align with multiple priorities, but we focused on direct alignment.
Breakdown of Priorities and Programs:
The City Council Strategic Plan guides the priorities set. Current priorities are: (1) Diversity, Equity, Equality, and Inclusion (DEEI), (2) Community Safety and Well-Being, (3) Sustainability and Resilience, (4) Business Community/Economics, (5) Housing, (6) Community Experience, (7) Plan Alignment and Implementation. Associated Programs are listed below each Priority.
Diversity, Equity, Equality, and Inclusion Community Safety and Well-Being Sustainability and Resilience - City Council Operations
- Board / Commission Support
- City Website Administration
- Public Information and Citywide Communications
- Election Management
- City Desk Operations
- Community Initiative: ADA Transition Plan
- Municipal Court Operations
- Community Patrol
- Investigations
- Street Safety Management
- Land Use Development Services
- Neighborhood Compliance
- Community Initiative: Mental Health
- Community Initiative: Comprehensive Plan
- Community Initiative: 24th Ave Walkability
- Refuse, Recycling and Compost Management
- Snow Management
- Stormwater Management
- Public Infrastructure
- Community Initiative: Urban Forestry
- Engineering Services
- Sustainability
Business Community/Economics Housing Community Experience - Business Support
- Licensing
- Community Initiative: Housing
- Community Events
- Park Management
- Adult, Senior, Youth, and Toddler Programs
- Fitness Center Operations
- Community Initiatives: Community Wayfinding
Plan Alignment and Implementation High Performing Organization - Records Management
- Legal & Risk Management
- Vehicles and Equipment Maintenance
- Building Maintenance
- IT Support/ Management
- Regional Partnerships
Fiscal Responsibility - Financial Management
- Financial Accounting
Workforce - Professional Development
- Payroll and Benefits Management
- People Operations
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2024 City Budget
Share 2024 City Budget on Facebook Share 2024 City Budget on Twitter Share 2024 City Budget on Linkedin Email 2024 City Budget linkPlease leave us questions or comments about the 2024 Proposed Budget you may have in the comment section below - Before December 5.
A city budget is a crucial financial tool that plays a central role in the effective management and governance of a municipality. In the case of the City of Edgewater, the annual budget is prepared by the city staff and presented to the Mayor and City Council for approval. Here's why a city budget is important to our community:
Forecasted Revenues and Expenditures: The budget outlines all forecasted revenues for the upcoming year. This includes sources such as taxes, grants, fees, and other income. On the expenditure side, both operational and capital expenses are detailed. This allows the city administration to plan and allocate resources strategically, ensuring that there is a clear understanding of the financial landscape.
Operational and Capital Expenses: The budget distinguishes between operational expenses, which cover day-to-day running costs like salaries, utilities, and maintenance, and capital expenses, which involve investments in long-term assets such as infrastructure projects. This differentiation helps in prioritizing spending and making informed decisions about resource allocation.
Maintaining Healthy Fund Balances (Reserves): The mention of maintaining healthy fund balances or reserves indicates the city's commitment to financial stability. Reserves act as a financial cushion, providing a safety net for unforeseen circumstances or emergencies. It reflects prudent financial management and ensures that the city is prepared to address unexpected challenges without compromising essential services.
Understanding Future Costs: The budget process involves a forward-looking approach, considering not only the current fiscal year but also anticipating future costs. In the case of the City of Edgewater, there is recognition of the future costs associated with maintaining public infrastructure. This demonstrates a proactive stance in addressing long-term financial sustainability and infrastructure needs.
Balancing Growing Operational Costs with Flat Revenue Forecast: The budgeting challenge of balancing growing operational costs with a relatively flat revenue forecast is a common issue faced by many municipalities. This indicates the need for careful planning and decision-making to ensure that essential services can be maintained without causing fiscal strain. It may involve exploring alternative revenue sources, cost-saving measures, or prioritizing critical expenditures.
Public Accountability and Transparency: By presenting the budget to the Mayor and City Council and making it publicly accessible, the City of Edgewater promotes accountability and transparency. Residents and stakeholders can review the budget to understand how dollars are allocated and provide input or feedback through the comment section.
In conclusion, a well-prepared city budget is essential for effective financial management, strategic planning, and ensuring the sustainability of public services and infrastructure. It serves as a roadmap for the city's financial activities, aligning resources with priorities and promoting accountability to the community.
Please leave us questions or comments about the 2024 Proposed Budget you may have in the comment section below.
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2025 Budget Timeline
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Draft Budget Created
Annual Budgets has finished this stageCity staff prepares a draft budget to present to the Mayor and City Council.
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Proposed Budget Presentation
Annual Budgets is currently at this stage2025 Proposed Budget is presented and workshopped at City Council on Tuesday, November 19 at 6:30pm at the Edgewater Civic Center.
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2025 Budget Approval
this is an upcoming stage for Annual BudgetsThe 2025 Budget will be approved at the City Council Meeting on Tuesday, December 3 at 6:30pm at the Edgewater Civic Center.
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2025 Budget in Effect
this is an upcoming stage for Annual BudgetsThe 2025 Budget will go into effect on January 1, 2025.
Who's Listening
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Phone 7207633012 Email dmaples@edgewaterco.com