The City of Newport Beach (City) operates on a fiscal year budget from July 1 to June 30. The City Council is required to adopt a balanced annual budget on or before June 30 of each year. The Finance Department manages the City's annual budget process. Amendments to the approved budget are prepared and adopted in accordance to Council Policy F-3.
The budget process starts with each department working with the Finance Department to develop the revenues and expenditures estimates for the coming fiscal year (referred to as the operating budget); this process normally begins in the winter. Then, the City Manager confers with each department director and the Finance Department to review and revise each department's proposed operating budget. When the City Manager has a draft of the proposed City-wide budget developed, it is first presented to the City's Finance Committee. Once the Finance Committee has vetted the operating budget, it is presented to the City Council for review.
At the same time as the operating budget is being prepared and reviewed, the City's Public Works Department is developing the Capital Improvement Program (CIP). The CIP includes the significant capital projects and infrastructure improvements planned for the upcoming fiscal year.
The adopted budget is intended to be a reflection of City policies, goals and priorities. It communicates to citizens and staff what program allocation decisions have been approved by the City Council.
The City is currently working on an open data portal to display the budget information in a user-friendly format. Stay tuned for the announcement of the launch in late February 2017.
If you have questions, please contact the Budget Manager at 949-644-3128 or the Finance Department at 949-644-3127.
We want to hear from you!
You are encouraged to get involved in the City's budget process by attending Finance Committee meetings and City Council meetings, or reviewing the proposed budget documents (posted when available) and providing your feedback. Be sure to sign up for news alerts that notify when the Agenda Packets have been published for Finance Committee meetings and City Council meetings.
The City's budget is presented in three volumes: the Budget Detail, revenue estimates and line-by-line proposed expenditures for operations and maintenance of City services and facilities; the Capital Improvement Program (CIP), a description of the significant capital projects and infrastructure improvements planned for the upcoming fiscal year; and the Performance Plan, a reader-friendly version of the budget and CIP. Below are links to the approved documents for fiscal year 2017.