Q When should a municipality begin its budget process for fiscal year October 1, 2015 through September 30, 2016?

A Page I-B3 of the Municipal Auditing and Accounting Guide offers a proposed budget calendar (http://www.osa.ms.gov/downloads/maag10.pdf). This calendar suggests that budget policy be developed in the May board meeting, and that the budget officer begin in May to develop a financial forecast.