Page 108 - City of Watauga FY22 Adopted Budget

BUDGET OVERVIEW

As part of the general government budget preparation, there is also a simultaneous
preparation of a budget for both the Crime Control District and the Economic
Development Corporation. Due to their separate legal status, the respective boards
must approve their budget, which is then sent to the City Council for final approval and
appropriation.

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

99