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.
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
It is a cooperative endeavor requiring the hard work of multiple department heads and staff working in tandem with the City Manager, CFO, and Finance staff.
The Mayor and City Council normally reviews the preliminary budget at a public study session in May/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.