Arizona state law requires the governing board of cities, towns, and counties conduct a public hearing and then convene a special meeting to adopt a resolution approving the final annual budget. The regular voting meeting does not need to be adjourned to convene and conduct the special meeting required for the budget adoption.
Council approval of the tentative budget at the May 14, 2019 meeting set the maximum level of expenditure for FY19-20. Adjustments and reallocation of appropriation authority may be made after adoption of the tentative budget, although the total amount of appropriation cannot be increased.
The FY19-20 budget process included a five-year financial forecast of the operating funds, a review of the proposed ten-year Capital Improvement Plan, and a review of the detailed budget requests for each of the departments which included both operating funds and the capital outlay. To inform and deliberate on current budget issues, eight different Budget Workshops were held which focused on specific budget and financial strategies for FY19-20 and future fiscal years.