Page 29 - CityofKennedaleFY25AdoptedBudget

 Establishes a plan of operation, which allocates resources of the City to achieve
specific goals and objectives and guides the City’s activities;
 Provides management information as a comprehensive recording of information;
and,

 Establishes financial control through prioritization of programs/projects.

The budget cycle consists of three phases:
• Development and Preparation
• Review and Adoption
• Implementation

Development and Preparation

Each Director develops and submits to Finance initial budget requests, which are based on
standing and new services and programs to meet the needs expressed by the public and the
goals of the Mayor and Council. The Finance Director and the City Manager meet with each
Director to review new program requests and compare projected revenues against projected
expenditures. The City Manager then prepares a preliminary budget. The Preliminary Budget is
shared with staff and assists the City Manager in developing the Proposed Budget, which is
presented to City Council.

Review and Adoption

Council reviews the Proposed Budget, holds public hearings, and provides input and direction
to staff before adopting the budget and the supporting property tax rate for the fiscal year.

Implementation

Throughout the fiscal year, the City Manager and staff implement and monitor the Adopted
Budget. Included services, programs, and projects are carried out by departments with
oversight from the Finance Office. Monthly financials are provided to Council to provide a
status report on revenues and expenditures. The Finance Department also reviews and
approves all check requests and requisitions for accuracy. Directors are expected to hold
expenditures to the approved budgeted amounts; however, sometimes unforeseen
circumstances occur, resulting in positive and/or negative variances by line item. Directors must
manage to the bottom line for the department and report any overages at that level to the City
Manager as soon as known to prevent any unexpected or unauthorized use of reserves. Budget
amendments are presented by the City Manager to Council for approval and then input into the
accounting system for tracking.

CITYOFKENNEDALE.COM/BUDGET 29