Monday, April 2, 2012

City of Wheat Ridge Continues Making Strides in Priority Based Budgeting Process

http://www.ci.wheatridge.co.us/archives/87/Study%20Session%20Agenda%20Packet%204-02-12.pdf

In 2011 , City staff learned about the Center for Priority Based Budgeting, located in Denver,
through an Alliance for Innovation workshop. The Center is made up of Chris Fabian and Jon
Johnson, both of whom have worked in municipal finance for a number of years and helped
develop the Priority Based Budgeting model while working together for Jefferson County. The
Center's mission is to "lead communities to fiscal health and wellness." In order to accomplish
this mission Chris and Jon work with communities to align their budgeting process with the
overall strategic goals of the organization.

Council approved funding in the 2012 budget to engage the Center for Priority Based Budgeting
to facilitate the City's transition to a priority-driven budgeting process. The City's current
approach to budgeting is the traditional incremental model - each annual budget is created based
on the expenditure pattern from the previous year. Priority Based Budgeting will help the City
of Wheat Ridge take the budget to the next level by allowing City Council and staff to allocate
the City's limited resources in a strategic manner to meet the goals and objectives of the
community.

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