Each year, the Finance Department assists the Town Supervisor in preparing a Preliminary Budget for the next year. From April to September, the Finance Director works with the Town Supervisor and Town Staff to prepare the Tentative Budget. In mid-September, the Tentative Budget is presented to the Town Board and the community. After it is presented to the Town Board, the Tentative Budget becomes the Preliminary Budget. It is then made available for public review and comment at a public hearing held in early October. After the Public Hearing, the Town Board reviews all comments and develops the Final Budget. The Town Board then adopts the Final Budget in late October at a Legislative session. After that, the Adopted Budget for the Town of Penfield is presented to the County of Monroe.
PENFIELD 2013 BUDGET TIMELINE
April to September 2012 - Town Supervisor, Finance Director and Staff conduct budget work sessions; prepare 2013 Tentative Budget
September 5, 2012 - Town Supervisor, Finance Director present a summary of the Tentative Budget to Town Board and community; document made public for review (during this period, Tentative Budget becomes the Preliminary Budget)
September 5-October 10, 2012 - Public comment period
October 3, 2012 - Public Hearing on 2013 Preliminary Budget; public comments received
October 3-12, 2012 - Town Board reviews comments, develops a Final Budget
October 17, 2012 - Town Board Legislative meeting, adoption of a Final 2013 Budget; Adopted Budget made public
October 18, 2012 - Town presents Penfield Adopted 2013 Budget to County of Monroe
The annual budget process in Penfield includes a multi-year outlook by taking into account the projections and changes that are anticipated for coming years. The multi-year budget helps the Supervisor and the Town Board prepare for future adjustments in State mandates, healthcare costs and other mandatory expenses. It also makes planning for large capital projects easier.