Page 38 - FortWorthFY23AdoptedBudget
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Processes and Policies
subsequent fiscal year for the same purpose by City Council. The city manager is responsible for maintaining a
balanced budget at all times. If there is an excess of expenditures over revenues or appropriations, the city
manager will take necessary actions to rebalance the budget.
The City conducts comprehensive forecasts of revenues and expenditures for the fifth and eighth month of the
fiscal year. This forecast is used to assist in budget development, budget monitoring, and performance
management. Based on the results of the forecast, the city manager may direct the necessary actions to maintain
a balanced budget in the current fiscal year or adjust recommendations in the subsequent budget.
The Budget is published online at the City’s website www.fortworthtexas.gov.
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