Policy Text
DEFINITIONS:
ALLOCATED - To distribute budgeted funds among various cost centers.
ANNUAL BUDGET - The financial plan of operation, including an estimate of proposed
expenditures for the fiscal year, approved by the Mayor and City Commission.
APPROPRIATION - Money that the agency is authorized to spend for a specific
purpose, such as for salaries, operating expenses and/or capital expenses.
BUDGET CALENDAR - The schedule of key dates the Department follows in the
preparation and adoption of the budget.
BUDGET TRANSFER - A budgetary transaction that modifies the adopted line
appropriations within a budget.
6/29/23
EXPENDITURES - The actual outlay of cash or credit for goods and services received.
1st 30th
FISCAL YEAR - The period commencing October and ending on September of
the following year.
FUND - A set of interrelated, self-balancing accounts that record the assets, liabilities,
revenues, and expenditures related to a specific purpose.
GOALS - A relatively broad statement of the result the agency intends to achieve. A
goal may require a relatively long time to achieve and, whenever possible, will be stated
in a way that permits measurement of its achievement.
OBJECTIVES - The result the agency intends to attain in order to achieve a partial
fulfillment of a goal. An objective is an element of a goal, and therefore requires a
shorter time to accomplish.
PROCEDURE: