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20221122 NTC_agenda_annual_budget220221122 NTC Item 4a Annual Budget320221122 NTC Item 4b Annual Budget6You are invited to attend an Annual Budget Meeting of the Full Council in the Council Chamber
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A city budget is a financial plan that outlines projected revenues and expenditures for the city government over a specified period, usually a fiscal year.
Typically, the mayor or city manager is required to file the budget, along with relevant departments and financial officers responsible for budget preparation.
To fill out a city budget, gather historical financial data, estimate future revenues and expenditures, collaborate with department heads, and ensure compliance with any local regulations.
The purpose of a city budget is to allocate resources effectively, plan for financial needs, ensure accountability, and provide a framework for the city’s financial management.
The budget must report estimated revenues, expected expenses, fund allocations, and performance measures for various departments and services.
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