Budgeting is one of the most important activities undertaken by governments. The annual operating budget is a plan of financial operations that includes estimates of proposed expenditures and the proposed means of financing them during a fiscal year.
The budget serves as the primary tool in allocating financial resources to programs and services. In addition, the budget serves as a means of guidance for policy making, as a communication device, and as a benchmark for performance and financial management.
Because of its importance, a budget process that involves all stakeholders – elected officials, citizen’s groups, business leaders, governmental administrators and employees – will lead to a more efficient and accepted government.
Section 166.241, Florida Statutes provides specific requirements to which municipalities must comply with regard to budgets and budget amendments. The Statute requires that budgets are balanced and adopted annually; the adoption must be by resolution or ordinance, unless otherwise specified by Charter. It also includes provisions relating to the methods and timing of budget amendments.
The objective of the fiscal year 2022 budget is to continue the implementation of the strategic plan, which was developed by Mayor and Commission with the input of City staff. This plan created the City’s mission, which is the foundation for this year’s budget:
To provide EXCEPTIONAL MUNICIPAL SERVICES in a FINANCIALLY RESPONSIBLE AND ENVIRONMENTALLY RESPONSIBLE manner, while ENGAGING OUR RESIDENTS AND BUSINESSES.
Finally, the fiscal year 2022 budget focus is on investment in key initiatives that are perfectly aligned with the strategic plan. The emphasis is on a cleaner, safer and more beautiful NMB.
Due to the size of the budget, it will be provided under a separate cover.