Budgets

Operating Budget

The Operating budget is an annual process defining operating expenses for a specific fiscal year. This budget is based on anticipated receipts. The Finance Department develops an estimated receipts (tax) budget in June. Then, the expenditure side of the operating budget begins at the department/division level, usually in late July.

Projected Expenditures

Projected expenditures for the forthcoming year are submitted to Finance. These requests and details of each account are reviewed by the Mayor and Finance Director with each Department/Division head. Then the request for an annual operating budget is given to Council for review and adoption.

Adopting the Budget

Annually, it is a goal of the Finance Department to have the operating budget adopted by City Council at the last public Council meeting of each year. Meeting this goal allows the immediate expenditure of funds to begin on January 1 of that fiscal year for operating costs.

Capital Budget

The City updates its Capital Improvement Plan on an annual basis and includes policies to guide overall decision making, a process for developing a capital inventory, and ranking the capital project requests. The outcome of this process results in the creation of an annual Capital Budget for the upcoming year.

Capital Improvement Plan

The Capital Improvement Plan (CIP) was established to provide a routine process and procedure for identifying, evaluating and advocating the current and future capital needs of the City of Green.

Review the following for more information: