The First Budget Workshop, "Budget 101", Will Be Held on Tuesday, March 26th.

Budget Dates for FY25

After our recent work session discussion, here are the meeting dates for the upcoming FY25 budget process for the fiscal year beginning 1 July 2024 and ending 30 June 2025. Please review this memo and we will discuss/finalize in work session discussion.

 This year we are encouraging participation in the four scheduled budget workshops by offering a “Budget Workshop Certificate” to those who attend the four scheduled budget workshop meetings.  (Note: any one budget workshop may be viewed on YouTube later and still be eligible for the certificate.)

 The City of Red Bank’s Charter requires that the City Manager provide the Commission a Budget Estimate by 15 May * of each year.  Looking at our scheduled commission meeting dates, this year it requires me to provide it to you on Tuesday, 7 May 2024. Accordingly, here is the timeline for budget development:

• Tuesday, 26 March: Budget Workshop #1, 5:00 – 6:30
   “Budget 101”:
  1. Presentation by staff on budget principles including a complete review of this year’s current budget.  You might think of it as: “understanding the City of Red Bank’s budget.”   Commissioners are invited, but the target audience is the public.  Q & A throughout.
• Tuesday, 2 April: normal commission work session at 5:00 and regular session at 6:00.  Both will cover regular agenda items… no budget-specific topics planned.
• Tuesday, 9 April: Budget Workshop #2, 5:00 – 7:30
   CM Granum to provide ‘Budget Estimate’ document.
   Police, Fire, and Court budget presentations to Commission:
  1. Police: 5:00 - 5:50, Chief Seymour
  2. 10 min break
  3. Fire: 6:00 – 6:50, Chief Sylar
  4. Court: 7:00 – 7:20, Court Clerk Donahue
  5. Citizen Comments
• Tuesday, 16 April: normal commission work session at 5:00 & regular session at 6:00.  Both will cover regular agenda items… no budget-specific topics planned.
• Tuesday, 23 April: Budget Workshop #3, 5:00 – 7:30
   Public Works, and City Hall budget presentations to Commission:
  1. Public Works: 5:00 - 6:20, Director Tate, Deputy Director Johnson
  2. 10 min break
  3. City Hall (Administration, Finance): 6:30 - 7:20, Director Perry
  4. Citizen Comments 

• Tuesday, 30 April: Budget Workshop #4,  5:00 – 7:00
   Commission open discussion of budget presentations to date:
  1. Goal coming out of this open discussion is clarity for staff to prepare the Proposed Budget for next meeting.
  2. Citizen Comments
• 7 May at regular Commission Work Session/Meeting… budget ordinance first reading of the Proposed Budget.
• 21 May at regular Commission Work Session/Meeting… budget ordinance second reading of the Proposed Budget.  Upon adoption, becomes the FY25 Adopted Budget.

 For additional information, the TN Comptroller has a very good website with useful budget info.  On behalf of the entire Red Bank staff, we are looking forward to this budget cycle and the planning, deliberation, transparency, focus and direction it provides all of us.  Thanks for all that you do for Red Bank.  

Sincerely, 

Martin E. Granum

City Manager

* This requirement is established in our Charter at 6-22-122. Budget estimate submitted to commissioners.