The City Council adopts an annual budget that runs from July to June of the next year. The adopted budget takes into consideration the expected revenue for the upcoming year as well as expenditures for planned projects and programs. The budget process begins early in the calendar year and includes a detailed review of current expenditures and revenues. The City Council holds an annual Goal Setting Workshop to insure that the established priorities are in line with the proposed budget. In addition, the Finance Committee reviews the proposed budget prior to City Council review and adoption. The goals of the City Council are utilized to set benchmarks when establishing the annual budget and work plan.