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7056 <br /> budget forecasts. The budget will provide for adequate maintenance of the building and <br /> equipment, and for their orderly replacement.The impact on the operating budget from any new <br /> programs or activities being proposed should be minimized by providing funding with newly <br /> created revenues whenever possible. <br /> 1-7. BUDGET FORM AND INFORMATION <br /> Excess revenues from a specific fiscal year will be placed into the City's reserves in a manner <br /> consistent with the City's fund balance reserve policies. The operating budget will describe the <br /> goals to be achieved and the services and programs to be delivered for the level of funding. All <br /> unencumbered appropriations for the City's operating budget lapse at year end. Amounts <br /> reserved for encumbrances are classified as assigned fund balance. Budget carryovers from a <br /> prior fiscal year must be approved by the City Administrator, Finance Director and City Council. <br /> 1-8. LEVEL OF CONTROL <br /> The City Administrator will ensure that a budgetary control system is in place to adhere to the <br /> adopted budget.The City Administrator or designee may approve the transfer of budget amounts <br /> between accounts within a department's budget. City Council approval is required for any <br /> increase in a department's budget.The budget changes can be made at any Council meeting.The <br /> legal level of budgetary control is at the department level in budgeted funds. <br /> 1-9. PERFORMANCE MEASUREMENT <br /> The Finance Department will provide regular quarterly reports comparing actual revenues and <br /> expenditures to the budgeted amounts. The City's annual Budget shall be made available to <br /> citizens and the public upon request and available on the City's website. The City shall maintain <br /> transparency and accountability of its financial resources and assets. <br /> 1-2 <br />