Fiscal Year 2012 City Budget
FY12 Quarterly Financial Reports
Q1 - July 1, 2011 through September 30, 2011
Q2 - October 1, 2011 through December 31, 2011
Q3 - January 1, 2012 through March 31, 2012
FY 2012 Budget Cut Impact Report
The following information was released by Mayor Domenic Sarno and CAFO Lee Erdmann on July 1, 2011 in response to the City Council's cuts to the Mayor's FY 2012 recommended budget.
Fiscal Year 2012 Budget Cut Impact Cover Letter, July 1, 2011
Fiscal Year 2012 Budget Cut Impact Report
FY 2012 Adopted Budget
The City of Springfield’s Fiscal Year 2012 Budget, beginning July 1, 2011 appropriates $542,203,022 to programs and services across all City Departments including the School Department. This represents a 1.1% decrease from the FY 2011 Actual budget.
Multi-Year Financial Plan: FY 2012-2015
Chief Administrative and Financial Officer Lee C. Erdmann has submitted the finalized Multi-Year Financial Plan: Fiscal Years 2012-2015 to Mayor Sarno and City Council. The policy ideas included in this plan incorporate the themes of consolidation, civilianization, marketization and regionalization of City programs and services. It provides a detailed projection of the City’s expenses and revenues for the next four fiscal years, based on conservative assumptions. This document should be considered a planning tool which will allow the City to shape its future direction.
FY 2012-2016 Capital Improvement Plan
Springfield's Capital Improvement Plan for Fiscal Years 2012-2016 provides a detailed view of the capital needs within the City of Springfield. The total amount for the capital plan is $351.7 million from Fiscal Year 2012-2016. One of the City’s top priorities with this plan is to address projects that have been deferred due to lack of funding. These projects include City and School facilities projects, vehicle replacements, and infrastructure improvement. The Capital Improvement Plan also offers capital policy decisions to be implemented in the future.
The City of Springfield is governed by strict financial policies adopted as ordinances that stipulate the Chief Administrative and Financial Officer (CAFO) produce and issue a 4 year financial plan and a 4-year capital improvement plan for the city by March 30th of each year.