The City of Virginia Beach operates on a fiscal year that begins July 1st of each year and ends on the following June 30th. The City Manager's proposed budget is required to be presented to the City Council by the end of March each year.
||Strategy Summit - Staff from departments collaborate through work teams in each of the seven City business areas to identify steps necessary to implement the City's Strategic Plan.|
||Financial Sustainability Workshop - Joint City and School Board members collaborate to discuss financial sustainability.|
||Leadership Budget Meetings - Management leadership budget planning meetings begin.|
||Economic Forum - Local City Managers and Budget Directors meet with regional Economists to discuss local and national situations affecting our region's economy.|
||City/Schools Five Year Forecast - The upcoming five year financial situation is discussed in detail. City and School staff present information on the overall budget situation including revenues, planned expenditures, and economic conditions.|
||Proposed Budget Development - Management Services works with the City Manager's Office and department Directors to begin developing the Proposed Budget that fits with the City Council goals.|
||City Council Retreat - Each of the City Council members meet to discuss long range strategies. This year was a joint meeting with City Council and School Board members. Capital Improvement Program Caucus (CIP) - CIP caucus members meet to hear from CIP sections on current and proposed projects.|
||Leadership Budget Meetings - Finalize the management leadership decisions regarding the upcoming proposed budget.|
||Presentation of the Proposed Budget - The City Manager presents the Proposed Budget to City Council|
Budget Open House - Citizens are welcomed to comment and ask questions to departments on their individual budgets.
City Council Workshops - City staff meets with City Council to provide background information on the Proposed Budget through five workshops enabling Council to ask questions and request additional information.
Budget Public Hearings - Citizens are welcomed to comment on the Proposed Budget and offer suggestions to City Council for the Approved Budget.
||Final Budget Adoption - City Council makes final decisions and adopts the official City of Virginia Beach Operating Budget and Capital Improvement Program|