Fiscal year quick reference
Multnomah County’s fiscal years begin and end in the middle of the calendar year.
- Most recent: Fiscal Year 2025
- July 1, 2024 – June 30, 2025
- Current: Fiscal Year 2026
- July 1, 2025 – June 30, 2026
- Upcoming: Fiscal Year 2027
- July 1, 2026 – June 30, 2027
Budget monitoring
Regular budget monitoring is critical to ensuring that the library budget stays on track, and that we are able to identify any issues early on.
The following resources are intended to help cost center managers review year-to-date actual spending as it trends against their budget.
Job Aids for budget monitoring
- Summary-level reports:
- MCR Budget vs Actual by Cost Center Detail (summary data by CC/MOCS and account, but no months)
- MCR Budget vs Actual by Period (total summary data by CC and account)
- Detailed reports:
- MCR Cost Center Line Item Detail (detailed data with vendor name by CC)
- MCR MOCS Line Item Detail (detailed data with vendor name by MOCS)
- MCR Find Procurement Card Transaction Verifications (p-card transactions with merchant [vendor] data)
Fiscal year-specific budget monitoring
Overview reports
- FY 25 monthly budget-to-actuals
- FY26 monthly budget-to-actuals
- FY 25 MOCS expense detail report
- FY26 MOCS Expense Detail Report
TLF expenses
Adopted budget by cost center
Each cost center has a spreadsheet reflecting their adopted FY 26 budget, which can be used for for reference when anticipating or tracking expenses.
- Community Services
- Department Administration
- Integrated Services
- Location Services
- Public Services Division Management
Budget development
FY 27 budget development
Budget development for Fiscal Year 2027 will begin soon!
Whether you are new to budget development or have been part of the process for years, the budget guidance document is the best place to start or refer back to. It lays out the context and framework for budget development, as well as more detailed information about processes and due dates. This guide keeps information and answers to common questions in one place for easy reference, and will be available for FY 26 in early fall.
If you have additional questions, please don’t hesitate to get in touch with Director of Finance Katie Shifley.
Dates at a glance
- September 2025: Base budget and staffing verification sheets available
- October 2025: Program offer templates available
- November 2025: Cost center meetings
- November 2025: Staffing Verifications due
- December 2025: Program offer meetings
- December 2025: Base budgets due
- January 2026: New investment or major reallocation requests due
- January 2026: Program offer narratives due
Timeline overview
November 2025
- Cost center-level meetings to verify staffing levels and develop budgets for materials and services
- Updated revenue forecast from the County Budget Office for a better understanding of our revenues next fiscal year
December 2025
- Program offer design meetings to discuss programmatic narratives, equity narratives, and performance metric data
January 2026
- Finalize base budget and compare to revenue forecast to determine flexibility for new investments
- Evaluate and prioritize new resource proposals
February 2026
- Finalize all budget numbers and narratives for submission to the County Budget Office
May 2026
- Presentation of the proposed budgets for the library department and district to the Board of County Commissioners
June 2026
- Final approval and adoption of proposed budgets by the Board of County Commissioners
July 1, 2026
- Fiscal Year 2027 for Multnomah County begins