FY2017 PROPOSED BUDGET

Washington Metropolitan Area Transit Authority
Proposed Fiscal Year 2017 Budget
Appendix C
Appendix C Budget Process
Metro’s annual budget serves as the foundation for its financial planning and control. The General
Manager, Chief Financial Officer and staff prepare and submit the budget to the Board of Directors
for consideration and approval. The annual budget consists of three components: operating, capital,
and reimbursables. It is the responsibility of each department to administer its operations in such
a manner to ensure that the use of the funds is consistent with the goals and programs authorized
by the Board and that approved spending levels are not exceeded.
Metro’s budget planning begins in August of the preceding fiscal year with the development of
budget priorities and assumptions for the plan year. The fiscal year begins on July 1; the budget is
adopted and implemented by June 30. The Budget Process is consist of six major phases: 1) model
preparation and development of key assumptions and drivers; 2) budget formulation (which
includes department submissions); 3) budget review/justification; 4) presentation of the proposed
budget to the Board, Board discussions, public hearings and outreach; 5) budget adoption by the
Board; and 6) budget implementation/amendment (see below figure).
Develop Assumptions,
Model Prep & Department
Submittals
August -October
Budget Implementation
Budget
Review/Justification
May - July
October - November
Board
Budget
Adoption
March - April
GM/CEO
Proposed
Budget Presentation
December
Board Discussions,
Public Hearings and
Outreach
January - February
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