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The budget cycle is the run-up to the budget. There are several steps that are involved when it comes to setting a budget. The priority
The budget cycle is the run-up to the budget. There are several steps that are involved when it comes to setting a budget. The priority of setting a budget starts with the city, municipal, or government identifying what is needed and how much it will cost to support the required plan. Looking at the budget of City of Terrell TX they start with having a city council meeting to present the budget for approval by going what is needed to help make the city run smoother. Balanced Budget GF Revenues $41,957,309 GF Expenses $41,952,477 the budget is requesting this amount to build a new animal shelter, improve the streets and storm water Maintenace, and upgrade the fire stations. The stormwater fees will be 23.9% of the budget while commercial and industrial will consume 54.9%. Schools are only getting 5.1% of budget, city 6%, and 4.7% for multi- family. The budget also calls for an increase in staff salary. The budget is presented and worked in four phases
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