Biennial Budgeting in Minneapolis Changes for Budget Stability - - PowerPoint PPT Presentation

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Jul 23, 2023 335 likes •414 views

Biennial Budgeting in Minneapolis Changes for Budget Stability & Evaluation Capacity Current State Review CSL Hear Mayors Receive Develop Budget Change Item Adjust Assumptions Department- Mayoral Requests Council

SLIDE 1

Biennial Budgeting in Minneapolis

Changes for Budget Stability & Evaluation Capacity

SLIDE 2

Develop

Assumptions

Build Cost

Allocation Models

Enterprise- Level CSL

Review CSL
Adjust

spending as necessary

Develop

Requests

Department- Level Budgeting

Receive

Change Item Requests

Review

Priorities & Make Decisions

Mayoral Decision Making

Hear Mayor’s

Budget

Weigh

Alternatives

Markup &

Adoption

Council Review & Adoption

Current State

SLIDE 3

Current State

Year 1 Year 2 Year 3 Year 4

SLIDE 4

Current State

Problem Statement: The City of Minneapolis spends too much time writing a budget; not enough time budgeting.

Continuous Cycle of Budget Writing
Document production drives decision-making timelines
Departments experience budget burnout
Little Room for Planning & Evaluation
Pilot programs barely take flight before full funding requests are made
Long-range financial vision is obscured by continual decision-making

SLIDE 5

Proposed Solution – Biennial Budget

Develop

Assumptions

Build Cost

Allocation Models

Enterprise- Level CSL

Review CSL
Adjust

spending as necessary

Develop

Requests

Department- Level Budgeting

Receive

Change Item Requests

Review

Priorities & Make Decisions

Mayoral Decision Making

Hear Mayor’s

Budget

Weigh

Alternatives

Markup &

Adoption

Council Review & Adoption

Check Assumptions
Publish Revised

Estimates (if necessary)

Evaluate Financial

Performance

Review & Assess

Review CSL
Adjust spending as

necessary

Develop Requests

Develop Supplemental

Hear Mayor’s

Budget

Weigh Alternatives
Markup & Adoption

Council Review & Adoption

SLIDE 6

Proposed Solution – Biennial Budget

Year 1 Year 2 Year 3 Year 4

SLIDE 7

Future State

Budget in Even Years; Evaluate in Odd Years
Levies are still set annually, as required by law
Supplemental budget process can be used as needed
Can continue to amend throughout the year as needed
Builds space for financial and program performance evaluation
Additional Benefits
Better alignment of appropriation cycles with financial planning
Creates opportunities to redeploy staff to other pressing work
Shifts budget focus from outputs to outcomes