OMB is responsible for the development of the City's annual budget and the six-year Capital Program. This includes conducting budget hearings with all Department Heads and subsequent meetings with the Mayor's Office Chief of Staff and the Finance Committee of City Council along with the production of all related ordinances and documents, including a comprehensive proposed budget book. In budget meetings and hearings, qualitative analysis by OMB is presented for each department.

OMB also presents the budgeted revenue projections to City Council. After the passage of the Budget by City Council, OMB is responsible for the production of the Budget Book in accordance with GFOA guidelines and the budget award certification process. In addition, OMB plays an integral part of the Bond Rating and bond issuance processes and the formulation of the City's Official Bond Statement.

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Awards and Acknowledgements

The City of Wilmington Office of Management and Budget has been awarded its 34th consecutive Distinguished Budget Presentation Award by the Government Finance Officers Association (GFOA) of the United States and Canada for its Annual Budget for the Fiscal Year beginning July 1, 2023.