Page 24 - Forest Hill FY20 Annual Budget

CITY OF FOREST HILL

Productivity Measures

The process of seeking best practices and attempting to emulate them. These should
measure productivity, effectiveness, efficiency, or the impact of services provided.
Expenditure Summary

The summary of expenditures shows the category of expenses for each division’s
programs.

Personnel Summary

This section shows the personnel resources budgeted to carry out services.

Financial Policies

Definition of a Balanced Budget

The annual operating budget submitted to the City Council will be balanced;
expenditures not exceeding current year revenues plus available fund balance,
reserves, and transfers.

Minimum Fund Balance and Working Capital Policies

The Program of Services submitted to the City Council shall strive to maintain a
minimum unreserved fund balance of 90 days of annual operating expenditures for the
General Fund and a minimum working capital equivalent to 15 days of annual operating
expenses for the Water and Sewer Fund. Due to the economic shortcomings in the prior
years, the City has presented here within a balanced budget that will regain the goal of
maintaining the minimums anticipated.
Operating Budget Policies

The City of Forest Hill budgets resources on a fiscal year, which begins October 1 and
ends September 30 of the following year.
th
The operating budget will be developed on an annual basis. Appropriations for each
year will be approved annually by the City Council.

The operating budget shall be linked to Financial and Strategic Plans.

The City Manager will prepare and present the City’s annual operating budget to City
Council for their approval. The City Council has the final responsibility for adopting the
budget and for making the necessary appropriations.

The annual adopted budget shall be comprehensive in scope and include all annually
budgeted operating funds.

Page 23 of 90