Page 82 - CityofWataugaAdoptedBudgetFY24

ANNUAL BUDGET PROCESS

ANNUAL 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.

The annual budget process includes considerable staff participation from all departments and City
Council direction concerning key policy areas. The public has the opportunity to participate with
comments, concerns, or budget requests during public meetings and a public hearing prior to
adoption of the budget and proposed tax rate. The budget cycle below depicts the process and a
monthly calendar follows that summarizes the 2024 budget schedule:

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