2012 - 2013 Budget

The City’s budgeting process is structured around its fiscal year, which begins on
July 1st and ends on the following June 30th. The City annually adopts budgets for
its general fund and seven enterprise funds. The City Charter requires that the City
Manager submit a recommended budget to the Council by the second Monday in
April. The budget, which must be in balance, contains estimates of all non-tax
revenues and receipts expected to be received during the next fiscal year, the
expenditures necessary to support City operations, debt service requirements, and
the tax levy required to achieve balance between revenues and expenditures. The
Council may modify recommended expenditures and the recommended tax levy. If
the Council fails to adopt a budget by July 1st, the City Manager’s proposed budget
automatically becomes that fiscal year’s budget. In either case, an appropriate
property tax levy is established and filed with the City Assessor who then sets the
necessary property tax rate.