We are interested in providing easy access for you to several financial documents that may be of interest.
Fiscal Year (FY)
Fiscal years are the time frame that an organization utilizes to for budgeting purposes. Fiscal years are labeled for the year that they end in. Cities in Iowa utilize a July through June fiscal year per Iowa code. This means that Fiscal Year 2020 (FY20 or FY 2020) would run from July 1, 2019 through June 30, 2020.
City Budget Cycle
Municipal budgeting is an ongoing process. The core portion of the budgeting cycle runs from approximately October through March. This is the time that the budget is being developed. This process involves elected officials, staff, other governmental organizations, and professional advisers. A general schedule of the budget creation process can be seen below.
|Annual Spreadsheets Prepared||September – October||City hall staff prepare spreadsheets for each department that include wage and insurance increases as well as previously budgeted amounts|
|Department Heads Receive Spreadsheets||November||Dept. heads receive the spreadsheets to start developing their upcoming budget – includes actual and proposed numbers|
|Department Budget Meetings||November – December||Department heads meet with their staff, city hall staff, and city council liaisons to discuss their budget requests – quotes or bids are gathered for larger items|
|Council Budget Workshops||January||Carlisle historically holds budget workshops independently of council meetings – departments present their budget requests and the city administrator presents other financial information like bonding schedules and capital improvement plans|
|Setting Public Hearings||February||At this point, the general budget is going through a series of final staff reviews to double check numbers – once the final document is completed, only changes that decrease the budget can be made|
|Budget Public Hearing||March||This is a formal public hearing required by Iowa code that sets the upcoming budget|
|Budget Implementation||July – June of next year||Once the upcoming budget is approved by Council, it is not implemented until the fiscal year that it covers – there may be large budgeted purchases that go through bidding and purchasing procedures between March and July|
City Budget Documents
The documents linked below are the budget documents submitted to the State of Iowa.
City Audit Reports
The City of Carlisle audits our finances every year through the Office of Auditor of the State of Iowa. You can read the reports by following on the links below.
City “Maximum Levy” Documents
An amendment to State Code section 384.15A in 2019 created an additional requirement for cities to hold a public hearing if their proposed budgets meet certain criteria . This comes in the form of a “Proposed Maximum Levy for the General Fund Tax and Special Revenue Levies”. Links to those documents can be found by clicking the link below.