Overview
The City of Azusa operates on a fiscal year basis - a 12-month time period from July through June - to record financial transactions. The budget is an ongoing process with monthly report monitoring of expenditures and revenues. These, in turn, may help serve as a basis for budget development for the next fiscal year which begins in February.
Budget Development
Several factors go into budget development, including:
- Maintaining a balanced budget
- Being mindful of Council goals and objectives and the City’s Strategic Plan
- Monitoring the State budget for impacts to local government revenues and Azusa’s finances
- Budget development is a cooperative endeavor requiring the hard work of department heads and staff working in tandem with the City Manager, CFO, and Finance Staff.
Approval Process
The Mayor and City Council normally review the preliminary budget at a public study session in May or early June. Any changes are then incorporated in the budget including all proposed expenditures and estimated revenues to be adopted by resolution as prescribed by the Azusa Municipal Code (Section 2-449). The budget may be amended during the year and provisions are stipulated within Section 2-450 of the municipal code. As part of the proposed revenues, departments review their schedule of fees to determine whether any increases need to be made. Any changes are approved by the City Council before implementation.
GFOA Budget Award Submission
