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City Budget <br /> The City follows these procedures in establishing the budgetary data reflected in the general purpose <br /> financial statements: <br /> 1. In May, the City Manager submits to City Counsel a proposed budget for the fiscal year <br /> commencing July 1. The operating budget includes proposed expenditures for the means of financing them. <br /> 2. Public Hearings are conducted at City Council meetings to obtain taxpayer comments. <br /> 3. During the latter part of June or early July, the budget is adopted by Council action. <br /> 4. The City Manager is authorized to transfer funds appropriated with respect to those <br /> classifications designated as other services, materials and supplies, within the same department. The City <br /> Manager may transfer appropriated funds from any classification within other expenditures categories to the <br /> capital outlay classification within the same department only, however, any revisions that alter the total <br /> expenditures of any department must be approved by the City Council. Budget figures used in the financial <br /> statements are the final adjusted amounts. <br /> 5. Formal budgetary integration is employed as a management control device during the year <br /> for the governmental funds. <br /> B-83 <br />