Page 232 - Benbrook FY2021

CITY CHARTER REQUIREMENTS

The City of Benbrook Charter, as approved in 1983 by the Benbrook City Council and amended in 1990 and in 1997, has the following
requirements for the City Budget:

SUBMISSION OF THE BUDGET

On or before the first day in September of each year, the City Manager shall submit to the City Council a balanced budget for the ensuing
fiscal year and an accompanying message.

THE BUDGET MESSAGE

The Budget Message shall explain the budget in fiscal terms and in terms of working programs for the ensuing fiscal year. It shall outline
proposed financial policies of the City and shall include other materials as the City Manager deems necessary.

BUDGET CONTENTS

The budget shall contain the following:

1. Comparative figures for the estimated income and expenditures for the ensuing fiscal year compared to the combination of: actual
income and expenditures through the latest complete accounting period that information is available for at the commencement of budget
preparation, and the estimated income and expenditures for the incomplete portion of the current fiscal year.

2. The proposed expenditures of each office, department, or function.

3. A schedule showing the debt service requirement due on all outstanding indebtedness and on any proposed debt.

4. The source or basis of the estimate.

5. The total of the proposed expenditures shall not exceed the total estimated income and the balance of available funds.

6. The budget message shall include a forecast of a five-year estimate of revenues and expenditures and an explanation of its effect on
taxation. The source or basis of the estimates shall be a part of the forecast.

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