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Fountain Valley staff outline shift to biennial budget, estimate eight weeks saved over two-year cycle
Summary
Finance Director Ryan Smith presented a plan to adopt two one-year budgets at once (a 2-year spending plan), estimating about eight weeks of staff time saved in the second year and arguing the change would promote longer-range planning and departmental efficiencies for a city of Fountain Valleys size.
Finance Director Ryan Smith told the City Council on March 18 that staff are exploring a switch from an annual to a biennial budget process in which the city would adopt two individual year budgets at the same time as a single two-year spending plan.
Smith said the model the city is considering would keep separate appropriations for each year so funds would not transfer between fiscal years without council approval. He estimated the first years work would remain roughly the same as the annual process (about 25 weeks), while processes in the second year would…
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