On November 27, 1984, the City Council adopted Resolution No. 84-182, approving the concept of a two-year budget cycle for the City of Santa Barbara. Pursuant to this resolution, the City Council approves a two-year financial plan at the beginning of each two-year cycle; and consistent with City Charter requirements, the City Council adopts an operating and capital budget each year. 

As such, the adopted two-year financial plan includes the operating and capital budget for the first year of the two-year plan.   The adopted operating and capital budget for the second year of the plan is adopted separately the following year and is referred to as the mid-cycle budget in the budget archives below.

Note that due to rising costs and the unknown impact of state budget reductions to the city in fiscal years 2004 and 2005, the City Council adopted one-year operating and capital budgets for each year and did not adopt a two-year financial plan for the period.