Page 270 - Honorable Mayor and Members of the City Council

BUDGETARY BASIS – BASIS OF BUDGETING

BASIS OF BUDGETING

Budgets are adopted on a basis consistent with generally accepted accounting principles. Annual appropriated
budgets are adopted for the General Fund and Debt Service Funds. All appropriations for the General Fund and Debt
Service Fund lapse at the end of the fiscal year (September 30). Project length financial plans are approved by City
Council for all Capital Projects Funds and Special Revenue Funds.

Encumbrances represent commitments related to underperformed contracts and agreements for goods and services.
Encumbrance accounting – under which purchase orders, contracts, and other commitments for the expenditure of
resources are recorded to reserve that portion of the applicable appropriation – is utilized in the governmental funds.

All information presented in the 2018-19 Budget is presented on a basis consistent with the City's established
accounting policies.

CITY OF BENBROOK 2018-19 ANNUAL BUDGET
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