The city administrator and city treasurer work in conjunction with the finance committee to prepare an annual budget
for submission to the mayor. The process includes identifying expected amounts for all the various revenue streams and expected expenses, and lastly determining the amount of property taxes which will be required to be levied to fund the difference. The mayor makes changes deemed necessary and presents that budget to council. Council may make changes as deemed necessary and lawful and provides an initial approval of said budget.
The process of budget adoption occurs in accordance with state and local law. A hearing is generally held as part of a council meeting and later in that same council meeting, the budget resolution is voted upon for final adoption. Under optimal circumstances, final adoption should occur prior to December 1.