![]() This is because state law requires that city biennial budgets begin on January 1 of an odd-numbered year.įor more information and examples of biennial budgeting processes, see our page Biennial Budgeting. ![]() The roles of the budget makers may vary by municipality. The “clerk” is defined in statute as “the officer performing the functions of a finance or budget director, comptroller, auditor, or by whatever title may be known…” For instance, many of the budget statutes refer to the “clerk,” but the title of "clerk" might be the clerk-treasurer or finance director in your jurisdiction. ![]() Similarly, the statutes refer to the “chief administrative officer” (CAO), but this definition includes mayors, city managers/administrators, or the budget/finance officer designated by the CAO to perform these functions. The guidelines and procedures posted here reflect the statutory language. Updating your cost allocation formulas and data will help enhance the budget forecasting numbers.Capital facilities plan updates are required for GMA cities, and capital improvement plan updates are vital to the budget planning process.Strategic planning sessions, budget retreats, and financial policy updates provide direction and focus to the budget process.There are a few items that are not addressed within the budget statutes but are considered essential to local government financial planning. ![]() We suggest that you consider incorporating these pre-budget steps into your budget calendar.įor help crafting your financial policies and procedures, see our Financial Policies Tool Kit, which provides detailed guidance and key questions to consider for a number of financial topics, as well as links to best practices and sample documents from other jurisdictions. Statutory Deadline: On or before the second Monday in September, or at such time as the city or town may provide by ordinance or charter. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. Archives
December 2022
Categories |