FY2017 PROPOSED BUDGET

Washington Metropolitan Area Transit Authority
Proposed Fiscal Year 2017 Budget
Appendix C
FY2017 BUDGET CALENDAR
August
September
October
Initial planning, development of assumptions, preparation of instructions and
training materials for the Operation and Capital Budgets begin in August.
The FY2017 budget kickoff meeting and system training classes are held
with all departments. A review of FY2015 year-end results were presented
to the Board for information.
Project managers work collaboratively with OMBS to update project
forecasts for current year and future year expenses. The updated forecasts
are informed by the most current project schedules and cost estimates.
November/December Departments submit their budget requests to OMBS. The CIP budget is
developed concurrently with the annual Operating budget. The CIP
recommendations are reviewed with executive management and the Annual
Work Plan (AWP) is released to the jurisdictional partners. Presentation of
proposed budget to the Finance and Administration Committee.
January/February Board Discussions and public participation.
March - April
Findings from public participation are summarized and presented to the
board. Updated Operating and Capital budgets are prepared for Board
approval.
April
Approval of the FY2017 annual budget.
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