Page 70 - Watauga FY21 Budget

BUDGET OVERVIEW

During the budget cycle, key budgeting principles are considered throughout the
process as shown below. These principles insure the long term vision and fiscal
sustainability is a priority throughout the budget process.

Following adoption of the budget by the City Council, the City Manager and department
heads, supported by the Finance department, monitor expenditures and revenues
throughout the year to ensure that the integrity of the budget is maintained.

The Charter allows the City Manager to transfer appropriation balances among
programs within a department, and provides for transfer of appropriation balances from
one department to another upon approval by the City Council by ordinance. If a
departmental appropriation is exceeded at any time during the year, the budget must be
amended and a supplemental or transfer appropriation ordinance approved by the City
Council.

The City Manager is required to make monthly reports to the Council concerning the
financial condition of the City.

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