Page 424 - Microsoft Word - FY 2021 tax info sheet

BUDGET POLICIES

In accordance with Articles V and VIII of the Keller Charter and other related ordinances and policies, the
following budget policies are followed throughout the budgetary process.

Section 5.01(c). Powers and duties of the City Manager.

(2) Prepare the budget annually and submit to the City Council, and be responsible for its administration
after adoption.

(3) Prepare and submit to the City Council as of the end of the fiscal year a complete report on the
finances and administrative activities of the City for the preceding year.

(4) Keep the City Council advised of the financial condition and future needs of the city and make such
recommendations as may seem desirable.

Section 8.02. Submission of budget and budget message.

The fiscal year of the city shall begin on the first day of October and end on the last day of the following
September.

On or before August 15 of each year, the City Manager shall submit to the City Council a budget for the
ensuing fiscal year and an accompanying message in the form and with the content as prescribed by the
[City] Council.

Code reference - Fiscal year established, § 2-110.

Section 8.03. Budget as a public record.

The budget and budget message and all supporting schedules shall be a public record in the office of the
City Secretary open to public inspection by anyone. The City Manager shall cause sufficient copies of the
budget and budget message to be prepared for distribution to the [City] Council and to the public library.

Section 8.04. Publication of notice of public hearing.

At the meeting of the [City] Council at which the budget and budget message are submitted, the [City]
Council shall determine the place and time of the public hearing on the budget, and shall cause to be
published a notice of the place and time of such hearing which shall be not less than seven (7) days after
date of publication, at which the [City] Council will hold a public hearing.

Section 8.05. Public hearing on budget.

At the time and place so advertised, or at any time and place to which such public hearing shall from time
to time be adjourned, the [City] Council shall hold a public hearing on the budget as submitted, at which all
interested persons shall be given an opportunity to be heard, for or against the estimates or any item
thereof.

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