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City of St Anthony <br />Financial Plan <br />IV. OPERATING BUDGET <br />The Operating Budget is the annual financial plan for funding the costs of City services <br />and programs. The General Operating Budget includes the General Fund, the Special <br />Revenue Funds, the Street Reconstruction Fund, the Community Center Fund and the <br />Capital Equipment Fund. Enterprise operations are budgeted in separate Enterprise <br />Funds. <br />1. The City Manager shall submit a balanced budget in which appropriations shall <br />not exceed the total of the estimated revenues and available fund balance. <br />2. The City will provide for all current expenditures with current revenues. The City <br />will avoid budgetary procedures that balance current expenditures at the <br />expense of meeting future years' budgets. <br />3. The City will coordinate the development of the 5 -Year Capital Equipment <br />Budget with the development of the operating budget. Operating costs <br />associated with capital improvements will be projected, approved by Council and <br />budgeted on a project basis. <br />4. The budget will provide for adequate operation, maintenance, replacement of <br />City equipment and for their orderly replacement. <br />5. The impact on the operating budget from any new programs or activities being <br />proposed should be minimized by providing funding with newly created revenues <br />whenever possible. <br />6. The City will maintain a budgetary control system to help it adhere to the budget. <br />7. The City administration will prepare monthly reports comparing actual revenues <br />and expenditures to the budgeted amounts. <br />8. The operating budget will describe the major goals to be achieved and the <br />services and programs to be delivered for the level of funding provided. <br />9. When establishing operating expenses, Enterprise fund budgets shall be <br />balanced with operating revenues. Reserves from operations can be <br />appropriated to provide replacement costs of property, buildings, equipment, or if <br />appropriate, used when establishing rates and charges for services. <br />10. Each year, the City Council will approve an operating budget to establish a <br />maximum level of total expenditures. The City Manager will be allowed to <br />reallocate budgeted funds between departments and programs as needed <br />during the year, provided that total maximum expenditures are not exceeded. <br />122 <br />