Sections
The city’s annual budget consists of the following sections: 

• General Fund
• Special Revenue Funds
• Capital Improvement Funds
• Utilities

Each of these sections is comprised of funds. A fund is defined as an independent fiscal and accounting entity with a self-balancing set of accounts and resources which are dedicated for a specific purpose. The revenue and expenditure accounts for each fund are listed within each budget section.

2013 Budget - Adopted December 3, 2012

2013 Budget Presentation

2012 Annual Financial Report

2013 Financial Calendar


Accounting Practices
The budgets for the General, Special Revenue, and Capital Project Funds are prepared on the modified accrual basis of accounting. The budgets adopted for the Special Revenue and Capital Project Funds indicate the amount that can be expended by each fund based upon detailed budget estimates for individual expenditure accounts. The General Fund budget is divided by department and further subdivided by program. Budgets are also adopted as needed to calculate user charges for the Enterprise (Utility) Fund.

For more information on the budget or accounting practices, contact the finance officer at (952) 653-3677.