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LTC 062-2022 FY 2023 Budget Development Meeting DatesLETTER TO COMMISSION FROM: DATE: MIAMI BEACH OFFICE OF THE CITY MANAGER LTC NO. 062-2022 TO: Honorable Mayor Dan Gel 0¥ and M mbers of the City Commission Alina T. Hudak, City Mana er February 15, 2022 SUBJECT: FY 2023 Budget Development Meeting Dates The purpose of this Letter to Commission is to outline the upcoming meeting dates related to the development of the FY 2023 Operating and Capital Budgets. The FY 2023 budget discussion will commence with a Commission Budget Workshop on May 20th, where the Administration will provide an overview of the upcoming budget process and a preview of discussion items which will be further discussed during the Summer. Each year, the Administration provides budget briefings at a series of Finance Economic Resiliency Committee (FERC) meetings commencing in the summer. Please note that the full City Commission is invited to each of these budget briefings. Attendance is highly recommended. The dates for this year's briefings are June 24th , July 15th and July 22 nd . The FERC provides recommendations, which inform the final proposed budgets and millage rates. The proposed maximum millage rates will be adopted at the City Commission meeting on July 20th. Once set by the City Commission, the first Public Hearing to adopt the proposed millage rates and budgets will be held on September 14th , and the second Public Hearing to adopt the final adopted millage rates and budgets will be held on September 28th . The table below further outlines these dates for ease of reference. --- -- -----Meeting - Commission Budget Workshop FERC Budqet Briefinq FERC Budget Briefing FERC Budqet Briefinq City Commission Meeting Adopt Maximum Millaqe Rates City Commission Meeting -- Adopt Proposed Millage Rates and Budgets Special City Commission Meeting Adopt Final Millaqe Rates and Budqets Date Friday, May 20, 2022 Friday, June 24, 2022 Friday, July 15, 2022 Friday, July 22, 2022 Wednesday, July 20, 2022 Wednesday, September 14, 2022 Thursday, September 28, 2022 If you have any questions or need additional information, please feel free to contact me. ATH/JW/TOS @§