The Operating Budget

The Finance department is responsible for producing, monitoring, and reporting on the City’s annual operating budget. The City of Bruceville-Eddy’s fiscal year begins October 1 through September 30.

Each spring, the city begins the annual process to determine the needs of the city. The requests are based on the programs and priorities that the city council has discussed or committed to in the past. A recommended budget is formed based on the projected revenue and submitted to the citizens and the city council. After input from the public and the staff, the council has the opportunity to revise the budget to conform with its objectives.

Public hearings regarding the tax rate and budget are generally held in July thru September and are open to the public. The city budget contains several different funds with the largest being the water fund which is used for enterprise services that do not need to be accounted for separately. The general fund is the second largest fund and includes services such as police protection, street maintenance, community development, and administrative activities.

Once adopted, the budget takes effect on the first day of the fiscal year (October 1) and any major change must be approved by the city council.