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AGENDA CITY OF NEWTON November 21, 2017AGENDAPage 11.CITY OF NEWTON CITY COUNCIL REGULAR MEETING November 21, 2017 7:00 p.m. Call to Order Mayor Anne P. Stedman2. Opening Council Member Was Weaver3.
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How to fill out consideration of budget ordinance

01
Start by gathering all the necessary financial information and documents related to the budget.
02
Review the previous year's budget and make note of any changes or adjustments that need to be made.
03
Determine the goals and objectives for the upcoming budget period.
04
Allocate resources and determine the budget amount for each category or department.
05
Break down the budget into specific line items and provide detailed explanations for each expense.
06
Consider any potential risks or challenges that may arise during the budget period.
07
Consult with relevant stakeholders and departments to gather input and ensure their needs are addressed.
08
Include a section for revenue sources and estimates, including any grants or funding from external sources.
09
Clearly outline any budget restrictions or limitations that need to be adhered to.
10
Revise and review the draft budget ordinance multiple times to ensure accuracy and completeness.
11
Present the finalized budget ordinance to the appropriate governing body for approval.
12
Address any questions or concerns raised during the review process and make necessary revisions.
13
Once approved, implement the budget ordinance and closely monitor financial expenditures throughout the budget period.

Who needs consideration of budget ordinance?

01
Consideration of budget ordinance is needed by government entities, such as local or state governments, to establish and allocate funds for various departments and programs.
02
It is also needed by organizations and businesses that follow a formal budgeting process to manage their finances efficiently and make strategic decisions.
03
Budget ordinances help ensure transparency, accountability, and responsible financial management within an entity or organization.
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Consideration of budget ordinance is the process of reviewing, approving, and implementing a municipality's financial plan for the upcoming fiscal year.
The local government officials, such as the mayor and city council members, are typically required to file consideration of budget ordinance.
One must carefully review the municipality's budget proposal and make any necessary amendments or adjustments before finalizing and submitting the ordinance.
The purpose of consideration of budget ordinance is to ensure that the local government's financial resources are allocated in a transparent and responsible manner.
Information such as revenue projections, expenditure needs, fund balances, and any proposed changes to tax rates or fees must be reported on consideration of budget ordinance.
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