My WebLink
|
Help
|
About
|
Sign Out
Home
2001 CAFR
Roseville
>
Budget
>
2001 CAFR
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
8/14/2015 11:41:11 AM
Creation date
8/12/2015 1:43:11 PM
Metadata
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
107
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
CITY OF ROSEVILLE <br />NOTES TO FINANCIAL STATEMENTS <br />DECEMBER 31, 2001 <br />NOTE 3- STEWARDSHIP, COMPLIANCE, AND ACCOUNTABILITY <br />A. Budgetary information <br />Annual budgets are adopted on a basis consistent with accounting principles generally accepted in the <br />United States of America for the governmental funds classified as the general fund and special revenue <br />funds. No budgets are prepared for other governmental funds which include the debt service and <br />capital projects. All annual appropriations lapse at fiscal yeaz-end. <br />On or before mid-May of each yeaz, all departments and agencies of the City submit requests for <br />appropriations to the City's manager so that a budget may be prepared. Before September 15, the <br />proposed budget is presented to the city council for review and approval. By September 15, the <br />proposed budget and tax levy must be submitted to the county auditor. The Council holds public <br />hearings and a final budget and tax levy must be prepared, adopted and submitted to the county <br />auditor, no later than December 28. <br />The appropriated budget is prepared by fund, function and department. The City's department heads <br />may make transfers of appropriations within a department with approval of the City's manager. <br />Transfers of appropriations between funds require the approval of the Council. The legal level of <br />budgetary control (i.e. the level at which expenditures may not legally exceed appropriations) is at the <br />fund level. The Council made several supplementary budgetary appropriations for the general fund <br />and various special revenue funds in 2001. Those supplementary budgetary appropriations were not <br />material. <br />Encumbrance accounting is employed in governmental funds. There were no encumbrances (e.g., <br />purchase orders, contracts) outstanding at year-end. <br />46 <br />
The URL can be used to link to this page
Your browser does not support the video tag.