Budget Development Schedule


Biennial Budgeting Process


The City continues to use a biennial process for the operating and capital budgets. Biennial budgeting refers to the practice of developing a budget every two years. Under biennial budgeting, the City of Concord will continue to operate on a July–June annual fiscal year. The public and City Council will continue to receive annual mid-year updates in February/March as well as a mid-cycle review approximately 12 months after the initial adoption of the biennial budget.


Biennial budgeting allows the City to use its human resources more efficiently and reallocate resources to the capital budgeting process during the off cycle year. The public is able to engage in the budgeting process at the meetings where Council budget actions take place. Below is a summary of the budget actions that will be before the City Council over the next two years under the biennial budgeting process.


Budget Actions


June 2023

  • Adoption of Biennial Operating Budget for FYs 2023-24 and 2024-25
  • Mid-Cycle Review of the Capital Budget for FY 2023-24 and approval of any modifications

February/March 2024

  • Mid-Year Operating and Capital Budget Review

June 2024

  • Mid-Cycle Review of the Operating Budget for FY 2024-25 and approval of any modifications
  • Adoption of Biennial Capital Budget for FYs 2024-25 and 2025-26

February/March 2025

  • Mid-Year Operating and Capital Budget Review
  • June 2025
  • Adoption of Biennial Operating Budget for FYs 2025-26 and 2026-27
  • Mid-Cycle Review of the Capital Budget for FY 2025-26 and approval of any modifications