Fiscal Year 2013 Recommended Budget Book - Lake County

Budget ProcessPolicy/StrategyThis annual budget process for Lake County covers the period from October 1, 2012 to September 30, 2013.In December, the Office of Budget projected revenues and expenditures for the next fiscal year using a five-year financialprojection model. Meetings were held with the County Manager and Board of County Commissioners to examine variousbudget scenarios for the upcoming budgets.DevelopmentIn January and February, a fiscal roundtable and the budget kickoff were held with the department directors and departmentfinancial coordinators to communicate the County’s budget guidelines for fiscal year 2013.In March, the departments submitted their proposed budgets to the Office of Budget for review. To balance the budget,departments were asked to prepare five percent across-the-board budget reductions for County departments for fiscal year2013.ReviewIn April and May, meetings were held with departments to discuss their operating budgets and budget impact statements. Abudget workshop was held in early May and a second workshop in June to present the proposed budget, together with variousbudget scenarios, to the Board of County Commissioners. Finally, a budget workshop was held in July for adoption of themillage rates.AdoptionCopies of the Recommended Budget were distributed to the Board of County Commissioners, County Administration,Constitutional Officers, and made available online to the general public for their inspection prior to the public hearings inSeptember. Following Board approval, the Office of Budget prepared the adopted budget for distribution and posted it onlinefor the general public. The budget for this year became effective October 1, 2012.D - 10