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City of St Anthor - - 39 <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 /> appropirated 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 /> 8 <br />