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Appendix A2022/23 ADJUSTMENTS BUDGET 20 JUNE 2023City of Cape Town 2022/23 Adjustments Budget 20 June 2023PART 1 ADJUSTMENTS BUDGET: PARENT MUNICIPALITY CITY OF CAPE TOWN ..............11. MAYORS
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A budget for a city is a financial plan that outlines expected revenues and expenditures for a specific period, usually a fiscal year. It serves as a guideline for managing city resources and funding various public services and projects.
Typically, city mayors, city councils, or finance departments are required to file the budget for the city. Additionally, certain departments within the city government may also be required to submit budget proposals.
To fill out a city budget, gather all necessary financial information, categorize anticipated revenues and expenditures, use a standardized budget form or template provided by the city government, and then review and approve it through the required governmental process before submission.
The purpose of a city budget is to allocate resources effectively, ensure financial accountability, guide decision-making, and communicate funding priorities to residents and stakeholders, while maintaining fiscal responsibility.
The budget must report on expected revenues, estimated expenditures, funding sources, projected deficits or surpluses, departmental budgets, and any capital projects planned for the fiscal year.
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