City Budget, Pay Plan, Personnel Policies

FY25 Proposed Budget – for City Council consideration on 4/15/24
Budgeted Compensation Fiscal Year 2025
Annual Budget Fiscal Year 2024
Budget in Brief Fiscal Year 2024
Budgeted Compensation Fiscal Year 2024
Budget Summary Fiscal Year 2024
Personnel Policies and Practices Fiscal Year 2022
City Employee Pay Plan Fiscal Year 2024

The City prepares an annual budget, which is a schedule of the City's revenue from taxes and other sources and a schedule of what the City plans to spend during the year. The City balances these two schedules, much like a household balances its checkbook.

The budget process begins in September of each year when each City department reviews its fees for the services it provides. The fee requests from each department are reviewed by the Finance Committee of the City Council in November, and the operating and capital budget process begins in November.

Each department is given a target budget amount based upon forecasted revenues. Departments then prepare estimated actuals for the current budget year and the next budget year proposals. Three months later, or in March, the Finance Committee meets to review the proposed budget.  In April, the City Council receives the final revisions to the budget. The City Council formally adopted the FY2024 budget on April 17, 2023.

For the FY2024 fiscal year, the General Fund's budget for expenditures is  $41,920,713. The Expenditure Budget for all funds, excluding the Library, totals $121,505,724.

The budget book is divided into sections: the Budget Message, Revenue/Expenditure Summaries, and Operating Budgets by division. Current and previous fiscal years' budget books can be viewed from our Documents Page, at the Lake Forest Library, City Hall, or the Municipal Services Building Monday thru Friday between the hours of 8 a.m. and 4:30 p.m. The public is encouraged to attend meetings of the Finance Committee to learn about the City finances and provide feedback.

Capital Improvements BudgetThe City's Fiscal Year 2024 Capital Improvements Budget totals $32.9 million.
View Notable Fiscal Year 2024 Projects.
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