8/12/2023 0 Comments Define operating budget![]() This is distinguished from discretionary revenue that is accounted for in the General Fund’s Non-departmental Revenue budget unit and can be spent on any programs or services based on Board priorities. Revenue received by County departments or programs that are legally required to be spent on certain programs. Budget units are often departments and the terms are sometimes used interchangeably, but not all budget units are departments and the budgets for some departments are contained in multiple budget units. This is also referred to as a “no-growth” budget.Ī portion of the budget that includes a program, service or group of programs or services that have an overall appropriation level. That is the amount needed to fund current staffing and programs, adjusted only for increases or decreases in the cost of doing business. The cost in the budget year for each budget unit’s current staffing level and programs. This becomes the Approved or Approved Recommended Budget and provides interim spending authority until a budget is adopted, no later than October 2nd. Prior to June 30th, the Board of Supervisors considers the County Executive’s Recommended Budget, makes any revisions, reductions or additions and approves the Recommended Budget as revised. In adopting the budget the Board of Supervisors approves an appropriation level for each budget unit and object of expenditure. Allocated costs include internal services or overhead costs, such as insurance, facility maintenance, debt service, fleet management, central information technology, central finance and accounting and central budget administration.Ī legal limit on how much can be spent annually by each budget unit and object of expenditure. The budget is adopted, and all appropriations established, after a hearing in which changes may be made to the Approved Budget.Ĭentral costs for services/obligations/infrastructure that are charged out to County departments based on varying criteria. A one-year spending and financing plan covering the period July 1 through June 30, adopted by resolution of the Board of Supervisors no later than October 2nd.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |