CHAPTER 3.08
BUDGET AND TAX RATE DETERMINATION
SECTION:
3.08.030: Funds Established; Objectives
3.08.040: Presentation And Review Of Budget Document
3.08.010 DEFINITIONS:
As used in this chapter:
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BUDGET: |
A plan of financial operation embodying an estimate of proposed expenditures for a fiscal year and the proposed means of financing them. |
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BUDGET DOCUMENT: |
The instrument used by the city manager to present the proposed plan of financial operations of the city to the city council. It includes the proposed budget and all supporting statements, details, schedules, statistics, messages, summaries and other information deemed appropriate by the city manager. |
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FISCAL YEAR: |
The twelve (12) month period of time to which the annual budget applies, which shall be from July 1 through June 30. |
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FUND: |
An independent accounting entity with a self-balancing set of accounts segregated for the purpose of carrying on specific activities or attaining certain objectives in accordance with specific regulations, restrictions or limitations. |
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RESERVES: |
An account which records a portion of the fund balance which is segregated for some future use and which has not been appropriated for expenditure within the budget pursuant to the city of Gonzales reserve policy for the general fund and other major funds adopted through city council resolution. (Ord. 2010-61, 2-16-2010) |
3.08.020 USE OF FUNDS:
All monies received and/or expended by the city shall be accounted for and recorded in ledgers for those funds provided for in this chapter. (1972 Code § 3.20.020)
3.08.030 FUNDS ESTABLISHED; OBJECTIVES:
A. General Fund: There is created and established a "general fund" for the city. All expenditures and receipts of money which are not specifically budgeted to any other fund shall be accounted for in the general fund. (1972 Code § 3.20.030)
B. Street Funds: There are created and established a "2106 gas tax fund", a "2107 gas tax fund", "2107.5 gas tax fund", and an "other street fund" for the city. All expenditures for the maintenance or improvement of streets and alleys shall be accounted for in these funds. The "2106 gas tax fund", "2107 gas tax fund" and "2107.5 gas tax fund" shall be deemed to be special gas tax street funds for the purpose provided in California Streets and Highways Code section 2113, and revenues derived from the provisions of California Streets and Highways Code sections 2106, 2107 and 2107.5 shall be placed in the respective fund. All other street related revenues shall be placed in the "other street fund". (1972 Code § 3.20.040)
C. Water Enterprise Fund: There is created and established a "water enterprise fund" for the city. All revenues and expenditures for the maintenance, operation and improvement of the city water system shall be accounted for in this fund which shall be self-sustaining. (1972 Code § 3.20.050)
D. Sewer Enterprise Fund: There is created and established a "sewer enterprise fund" for the city. All revenues and expenditures for the maintenance, operation or improvement of the city sewage collection and treatment system shall be accounted for in this fund which shall be self-sustaining. (1972 Code § 3.20.060)
E. Garbage Enterprise Fund: There is created and established a "garbage enterprise fund" for the city. All revenues and expenditures for the maintenance, operation or improvement of the city garbage and trash collection and disposal operation shall be accounted for in this fund. (1972 Code § 3.20.070)
F. Park And Recreation Fund: There is created and established a "park and recreation fund" for the city. All revenues and expenditures for the maintenance or improvement of city parks and recreation facilities and for city recreation programs shall be accounted for in this fund. All property taxes collected for park and recreation purposes shall be accounted for in this fund. (1972 Code § 3.20.080)
G. Personnel Services Fund: There is created and established a "personnel services fund" for the city. All expenditures for salaries, wages and fringe benefits for city employees shall be accounted for in this fund. This fund shall be supported by charges to other funds for personnel services utilized by those other funds on a cost accounting basis. (1972 Code § 3.20.090)
H. Assessment Projects Fund: There is created and established an "assessment projects fund" for the city. All expenditures and revenues for assessment projects and assessment bonds shall be accounted for in this fund. (1972 Code § 3.20.100)
I. General Obligation Bond Fund: There is created and established a "general obligation bond fund" for the city. All expenditures and revenues connected with any general obligation bond issue shall be accounted for in this fund. (1972 Code § 3.20.110)
J. Federal Revenue Sharing Fund: There is created and established a "federal revenue sharing fund" for the city. All revenue and expenditures connected with the state and local fiscal assistance act of 1972 or related laws shall be accounted for in this fund. (1972 Code § 3.20.120)
K. Public Employment Program Fund: There is created and established a "public employment program fund" for the city. All expenditures and revenues connected with the public employment program or other federal manpower programs shall be accounted for in this fund. (1972 Code § 3.20.130)
L. Special Holding Funds: The city treasurer may create special funds for accounting purposes to hold monies which have been expended from a regular budgeted fund, but for one reason or another are still in the possession of the city. All such funds shall be reported in the monthly treasurer’s report. (1972 Code § 3.20.190)
M. Redevelopment Agency Funds: There is created and established "redevelopment agency funds" for the city redevelopment agency. All expenditures and revenues connected with the city redevelopment agency shall be accounted for in these funds.
N. Impact Funds: There is created and established "impact funds" for the city. All expenditures and revenues connected with impact fund projects and payments shall be accounted for in these funds. (Ord. 2010-61, 2-16-2010)
3.08.040 PRESENTATION AND REVIEW OF BUDGET DOCUMENT:
By the first regular city council meeting in June, the city manager shall present the budget document to the city council including the proposed budget for the following fiscal year. During or prior to the first city council meeting in July, the city council shall review the proposed budget making any revisions, reductions or additions therein it deems advisable. (Ord. 2010-61, 2-16-2010)
3.08.050 PUBLIC HEARING:
By the second regular city council meeting in June, the city council shall hold a public hearing on the proposed budget. The hearing shall be advertised in a newspaper of general circulation published in the city once during the ten (10) day period preceding the hearing. Copies of the budget document shall be available to the public from the city clerk for the actual cost in accordance with the city’s cost for services fee schedule. (Ord. 2010-61, 2-16-2010)
3.08.060 ADOPTION OF BUDGET:
During or before the first regular council meeting in July, the city council shall make any changes it deems desirable in the proposed budget and shall adopt by resolution the budget as finally determined. The resolution shall include all adopted revenue and expenditure figures. (1972 Code § 3.20.230)
3.08.070 FIXING OF TAX RATE:
Pursuant to the California Government Code, the city council shall fix by ordinance the amount of property tax needed for the implementation of the budget and shall fix the tax rate by separate ordinance. The city clerk shall immediately transmit to the county auditor a statement of the tax rate so fixed. (1972 Code § 3.20.240)