18 - Proposed Budget Discussion and Direction

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Fund........... , Revenue www Y Expenditure Net, 01— General Fund $24,443,660.00 $24,443,660.00 $0.00 10 — Water and Sewer Fund $15,269,187.00 $15,269,187.00 $0.00 45 — Sanitation and Landfill Fund $1,165,350.00 $1,165,350.00 $0.00 The Proposed FY20/21 Budget has all three of the above Operational Funds balanced. One final helpful key, the City's Accounting System is structured based on Account Numbers. We utilize consistent numbering for each of the Departments, but it first takes some training to learn how to read the system. The following is an example of a typical Account Number: "01-0101-12-00". To assist you in reading this, please take the following example: Fund Number Example: General Fund, Water and Sewer Fund, etc. "BBBB" = Line Item Example: Salaries and Wages, Office Supplies, Communications, Buildings and Grounds, etc.; these are consistent throughout all departments. So "0101" in all Departments is "Salaries and Wages". "CC" = Department Number Example: City Council, Police, Fire, Library, Water Production, etc. Sub -Department Number and/or Special Sub -Accounts Example: Pool (Sub -Department of Parks), Capital Purchase Accounts such as a Vehicle or Heavy Equipment, etc. If at any time you have questions regarding the Accounting Structure, please let either myself or Gene Anderson, Finance Director, know. City of Paris Charter Pursuant to the City of Paris Charter, Section 21(3), the City Council has the power and duty to: Section 21(3) — `Adopt the budget of the city. " To accomplish this, the City Manager has the power and duty under Section 40(2) to: Section 40(2) — "Prepare the budget and submit it to the council and be responsible for it administration after adoption. " Article V, entitled "The Budget", sections 44 — 60 of the City of Paris Charter further spell out the composition, transparency, publication, and other key components of the Budget and Budget Process. This Memorandum is therefore designed to fulfill, to the best my ability, Article V. The remainder of this Memorandum will be structured off of the requirements of Sections 44 — 47, in order. Pursuant to Section 48, this budget and all supporting schedules will be filed with the City Clerk when submitted to the Governing Body and shall be a Public Record for the inspection of anyone. Page 3 of 15