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OFFICE OF THE INDEPENDENT BUDGET ANALYST REPORT Date Issued: SeptemberIBA Report Number: 232727, 2023Community and Neighborhood Services Meeting Date: October 5,2023Item Number: TBDProposed Response

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What is open budget?

An open budget is a financial plan that is accessible to the public, detailing government revenues, expenditures, and financial activities in a transparent manner.

Who is required to file open budget?

Typically, government agencies, municipalities, counties, and other public entities are required to file an open budget.

How to fill out open budget?

To fill out an open budget, entities must compile financial data, outline expected revenues and expenditures, and adhere to specific formatting guidelines provided by governing bodies.

What is the purpose of open budget?

The purpose of an open budget is to enhance transparency and accountability in government spending, allowing citizens to understand and engage with public financial management.

What information must be reported on open budget?

The open budget must report information such as projected revenues, planned expenditures, historical financial data, and performance measures of the budgeted activities.

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