Page 317 - CityofHasletFY25AnnualBudget

except for appropriations for Capital Project Funds, which are the length of the
project.

Overview. Budgeting is an essential element of the financial planning, control and
evaluation process of municipal government. The City’s “operating budget” is the
City’s annual financial operating plan. It comprises government and proprietary
funds, including the Debt Service Fund, and various capital improvement funds.

Preparation. The budget is prepared by the City Administrator with the cooperation
of all City departments, and is submitted to the City Council. The budget should be
present to the City Council no later than forty-five (45) days prior to fiscal year end,
and should be enacted by the City Council prior to fiscal year end.

The budget shall include four basis segments for review and evaluation. These
segments are:

(1) Personnel Costs;
(2) Base Budget for Operations and Maintenance Costs;
(3) Supplemental Funding Packages for Capital and other Non-capital Projects
(i.e., new or expanded programs); and
(4) Projected Revenues.

The base budget represents funding for the current level of service, and does not
include capital outlay, new programs or new services. Any item requested for capital
outlay, new programs or new services is shown as a supplemental funding package.
Supplemental funding packages are above and beyond the prior year base, and are
considered individually for funding approval.

A Combined Budget Summary with schedule inter-fund transfers is included in the
budget presented to the City Council. The Fund Balances will be identified as to
restricted and unrestricted, designated and/or reserved.

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 the budget preparation.

The budget process shall span sufficient time to address policy and fiscal issues by
the Council.

A copy of the proposed budget shall be filed with the City Secretary when it is
submitted to the City Council.

Planning. The budget process will be coordinated so as to identify major policy
issues for City Council consideration.

City of Haslet Financial Policy

Haslet Adopted Budget FY 2024-2025 315