County and Municipal Government in North Carolina, Second Edition, 2014 (E-book)

Budgeting for Operating and Capital Expenditures

Chapter number: 20
Price: 
$15.00
This is an eBook. You can download and read eBooks on your desktop, laptop, and/or a variety of mobile devices with an e-reader application. eBooks are only licensed for use by one individual and cannot be shared. eBooks cannot be printed out after purchase. For more information about ebooks, click here.
The School of Government has recently partnered with UNC Press for the sales and distribution of our publications. When you click to purchase this book you will be taken to an external shopping cart managed by Longleaf Services – a subsidiary. First time buyers may need to create a new account.

County and Municipal Government in North Carolina

Introduction / 334

I. Annual Budget Ordinance / 334
Substantive Budget Ordinance Requirements
and Restrictions / 335
Balanced Budget / 335
Required Budget Ordinance Appropriations / 336
Debt Service / 336
Continuing Contracts / 336
Fund Deficits / 337
Property Taxes / 337
Limits on Appropriations / 337
Contingency Appropriations / 337
Tax Levy Limits / 337
Limits on Interfund Transfers / 337
Voted Property Tax Funds / 338
Agency Funds for Special Districts / 338
Enterprise Funds / 338
Service District Funds / 338
Reappraisal Reserve Fund / 338
Optional Budget Ordinance Provisions / 338
Adoption of Budget Ordinance / 339
Role of Budget Officer / 339
Budgeting Process / 339
Budget Calendar / 340
By April 30: Departmental Requests Must Be
Submitted to the Budget Officer / 340
By June 1: Proposed Budget Must Be Presented
to the Governing Board / 340
After Proposed Budget Presented to Governing Board but
before Its Adoption: Notice and Public Hearing / 340
By July 1: Governing Board Must Adopt
Budget Ordinance / 341
Interim Appropriations / 341
LGC Action for Failure to Adopt a Budget Ordinance / 341
Budgetary Accounting / 342
Amending the Budget Ordinance / 342
Changing the Property Tax Levy / 342
Common Budgeting Tools and Techniques / 343
Line-Item Budgeting / 343
Strategic Budgeting / 343
Performance Budgeting / 343
Zero-Based Budgeting / 343
Balanced Scorecard / 344
II. Capital Budgeting / 344
Capital Projects / 344
Grant Projects / 344
Creating a Project Ordinance / 345
Balanced Project Ordinance Requirement / 345
Amending a Project Ordinance / 345
Closing Out a Project Ordinance / 346
Justification for Capital Budget / 346
Capitalization and Capital Budget Thresholds / 347
Common Capital Budgeting Tools and Techniques / 347
Capital Improvement Program / 347
Financial Condition and Forecasting / 348
Financial Condition Analysis / 348
Financial Forecasting / 349
III. Financial Plans for Internal Service Funds / 350
Adopting a Financial Plan / 350
Balanced Financial Plan Requirement / 351
Amending a Financial Plan / 352
Summary / 352
About the Authors / 352

Public Officials - Local and State Government Roles
Topics - Local and State Government