Page 336 - CityofHasletFY25AnnualBudget

CITY OF HASLET
BUDGET PROCESS

Budgeting is an essential element of the financial planning, control and evaluation
process of municipal government. The Texas Local Government Code requires the
th
budget officer to file the proposed budget with the municipal clerk before the 30 day
before the date the governing body of the municipality makes its tax levy for the fiscal
year.

Preparation. The budget process begins in May with the distribution of the budget
calendar and budget preparation instructions from the City Administrator. The
department heads are asked to update their goals and objectives and prepare budgets
that provide for the effective operation of their department, without major increase to
expenditures, and continue to provide the necessary quality of life for the citizens. All
requests for additional personnel and capital outlay purchases are not included in the
individual departments’ budget. Those items are prioritized and listed as new/expanded
programs. These are submitted as separate items and are included in the proposed
budget. Detailed support is prepared and presented for each request.

Proposed Budget. Using the above guidelines, each department head prepares a basic
line-item budget that maintains the current level of service. In June, department heads
submit the following budget reports to the Finance Director.
 Prior year actual, current year budget, actual to date, projected year-end
and proposed budget.
 Special requests, prioritized with documentation.
 Goals and objectives for the new fiscal year.
 Performance measures, prior year actual, current year, and budget year

Each department’s budget is reviewed by the City Administrator and Finance Director.
Changes are made, if necessary, to these budgets based on estimates of anticipated
revenues to fund the budget.

In July certified property tax values are received for the appraisal districts. Based on
the certified taxable value received from the appraisal districts, the estimated tax
revenue is adjusted if needed. The effective tax rate is calculated and the tax rate
needed to meet budget requirements is determined. The Finance Director, under the
direction of the City Administrator, prepares the proposed budget document, post, and
publishes the required notices.

Adoption. In August the City holds Budget Workshops. The Council reviews the budget
and the support for the special requests. Then the Council must decide on the tax rate
to fund the budget. The proposed budget is filed with the City Secretary. The proposed
budget is also located at the library and receptionist and is made available for inspection
for any interested person during office hours. It is also posted on the City’s website.
The City Council holds a Public Hearing on the proposed budget and gives at least ten
City of Haslet Financial Policy

Haslet Adopted Budget FY 2024-2025 334