Budgets and Amendments
Budgets and Amendments
Budgeting tools allow cities to create, amend, and finalize budgets.
Annual Budget Entry
- Go to: Finance Hub | Budgeting | Annual Budget.
- Click Budget Entry Tools to input new budget numbers.
- Save Progress to store changes.
- Complete Entry for each fund to change its status to "Complete".
Notes:
- Annual Budget Import Tools allow exporting and re-importing of budget data.
- Department heads can be given exported Excel worksheets to input their budget requests and then imported back to update the Annual Budget
- All New Budget data can be imported into an Excel workbook
Budget Amendments
- Navigate to: Finance Hub | Budgeting | Amend Budget.
- Click the Add GL Account button and enter the estimated final amended budget amount.
- Enter new amounts for revenues or expenses.
- Save Progress to include these updates in reports.
Iowa: Re-estimated (amended) budgets will be included in the Budget Extract file
- After council adoption, Finalize the Amendment to update the current budget.
Notes:
- Budget amendments must be finalized before the year-end roll.
- The system tracks amendment changes and logs audit history.
- Iowa: Amended amounts entered for the Budget Extract File can be changed when ready to complete the Budget Amendment Process.
Finalizing the Budget
- Once all budget entries are complete, navigate to: Finance Hub | Budgeting | Finalize Budget.
- Review the Profit/Loss Summary:
If revenue < expenses, cities may need to adjust spending.
- Click "Finalize Budget"
If you have finalized the budget, you can make changes and finalize it again