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FY2027 Budget Kickoff and Preliminary Fiscal Outlook
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Introduction
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Presentation of the Village's FY2027 budget process, preliminary fiscal outlook, budget development strategies, and anticipated review schedule.
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Recommended Action
Staff recommends that the Village Board reviews the FY2027 Budget Kickoff presentation, discuss the preliminary fiscal outlook and budget development framework, and provide feedback to guide preparation of the Village Manager's Recommended FY2027 Budget. No formal action is requested.
Prior Board Action
The Board has taken the following prior action:
On December 2, 2025, the Village Board adopted the FY2026 Annual Budget.
There is no prior Board action specific to the FY2027 budget development process with the exception of approving software licensing agreements with Euna (for budget development) and BS&A Software (to move from on-premise to the cloud).
Background
Development of the annual budget is a core service priority that supports responsible financial management, transparency, and continuity of Village operations. The FY2027 budget will be prepared in alignment with the Village Board's adopted goals and the Village Manager's operational priorities.
The Village began the FY2027 budget process in June 2026. The process includes several changes intended to improve coordination, transparency, and long-term efficiency:
* Departments are preparing and reviewing budget requests through Euna Budget, with the public-facing budget book planned through OpenBook.
* The Village transitioned its core financial operations from the prior on-premise system to BS&A Cloud.
* The review sequence begins with operating budgets, followed by personnel and capital planning, with earlier submission deadlines and additional review stages.
* Non-personnel operating budgets are being developed within a targeted 3% growth ceiling, while departments identify efficiency opportunities of approximately...
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