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The Municipal budget constitutes
the legal authorization to levy taxes and spend public funds.Municipal
Budgets control the financial operations and also reflect
policy decisions of the governing body. Local government manages
its operations by conforming to the revenue and appropriations
budget for that year.
General Revenues
Comprises various anticipated receipts
including:
• State taxes and grants
• Local fees, permits and
fines
• Interest earned
• Fund balance
• Deliquent taxes and the
amount to be raised for
local tax purposes
General Appropriations
Reflects the line item expenses to
meet the operations of local government.
• Must be prudent but reflect the needs of the
community.
• Requires a well thought
out current and long-range process to allow for
adequate budgeting expenditures to provide the
desired services, maintenance of
infastructure and future planning.
• Municipal government
is regulated and contained by a spending cap that limits
the amount of increase over prior year's appropriations.
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