The City of Fayetteville’s newly-formed Citizen Budget Advisory Committee is has hit the ground running with two meetings under its belt and at least two more to go before the Fiscal Year 2019 budget process is completed.
The City of Fayetteville’s new fiscal year begins August 1, so the first part of each calendar year is a busy time at City Hall, as the Finance Department works with City leadership to set priorities and find ways to fund them. These priorities are set by the elected City Council members with the input of other City residents, so it was decided that a citizen committee would be formed to give input during the formation of the budget as well.
“There has been good dialogue,” said Finance Director Mike Bush. “They’re all interacting. They’re all willing to do whatever needs to be done.
“We have two CPAs, a retired hospital administrator, a banking official, a state government employee with budgeting experience, and an attorney,” Bush continued. “It’s a good committee.”
Bush said the committee has met twice so far, and they have reviewed the Special Revenue Funds, which are restricted to specific uses. Next, he says the committee will look at the Water & Sewer enterprise funds and the General Fund.
“The majority of work has yet to be done,” Bush said. “The General Fund is the big one.”