Page 113 - Pantego FY22 Operating Budget

• The second section, Fund Summaries, contains three-year comparison of
actual, projected, and budgeted amounts of each Governmental, Special
Revenue, Capital Project, Debt Service and Proprietary Fund. This section
also includes a combined summary of all budgeted accounts and personnel
schedule.
• The third section, Governmental Funds, includes detailed information for the
General Fund, Debt Service, Special Revenue and Capital Project Funds.
The information for each organizational unit (department) in the General Fund
will include an expenditure summary, performance measures, mission
statement, goals, and objectives. The Debt Service Fund section will provide
detailed information on all bond issues. Future payments of interest and
principal on all outstanding bond issues are included with a summary of
payments for each issuance.
• The fourth section, Capital Improvement Plan, includes information for all
Capital Projects Funds. A description of major individual capital projects is
also included.
• The fifth section, Proprietary Funds, includes detailed information for each
unit within the Water and Sewer Fund. The information included for each
organizational unit is an expenditure summary, personnel schedule,
performance measures, mission statement, goals, and objectives. A detailed
expenditure summary is also included.
• The sixth section, Personnel Budget and Transfers, includes a summary of
salaries and benefits, a list of approved/authorized positions and salary
ranges. It also includes a list of all budgetary inter-fund transfers.
• The final section, Appendix, may contain supplemental information and
could include a community profile, location map, statistical profile,
demographics statistics, and miscellaneous data. Also included are copies of
the ordinance adopting the budget, the ordinance establishing the tax rate
and any other ordinance necessary to accomplish the proposed annual
budget. A glossary of budgetary terms may also be included.

8. Council Participation. The budget review process shall include Council
participation in the development of each of the four segments of the proposed
budget and a Public Hearing to allow for citizen participation in the budget
preparation. The budget process shall span sufficient time to address policy and
fiscal issues by the Council. The budget process will be coordinated to identify
major policy issues for Council consideration prior to the budget approval date so
that proper decision analysis can be made.

9. Filing and Adoption. Upon the presentation of a proposed budget document
acceptable to the Council, the Council shall call and publicize a public hearing
and adopt by Ordinance such budget as the Town's Official (Adopted) Budget,
effective for the fiscal year beginning. A copy of the proposed budget shall be
filed with the City Secretary.

10. Amending the Official (Adopted) Budget. Council may amend the budget for
municipal purposes in accordance with state law. The Town Manager is
authorized to make line-item and departmental budget adjustments during the
year to avoid over-expenditures of particular line items. Adjustments do not
require further Council action if the total appropriation of each fund as set forth in

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