Budget

 Current Fiscal Year Budget



Fiscal Year 2021 Budget (PDF)

Purpose

The annual budget serves as the foundation for the City of Cleveland’s financial planning and control. All departments of the city are required to submit capital requests to the city manager by February 1 and operating budget requests to the finance director by March 1 each year. The city manager and finance director make revenue estimates for the upcoming fiscal year.

A budget work session is held in late March or early April, at which time department heads and the city manager make presentations to the council. The finance director and city manager provide projections for the current fiscal year’s budget and the coming year’s proposed operating budget for council review. In addition, the city manager presents the council with her recommendation for a six-year capital improvements program based upon the fall planning session held by the city council, city manager, and department heads.

Revisions & Adoption

After much review and debate among the council, the budget is revised to include any recommendations of the city council. A proposed budget is submitted to the city council by the second council meeting in May. The Council is required to hold public hearings on the proposed budget and to adopt a final budget and tax rate by June 30 each year, which is the close of the city’s fiscal year. The appropriated budget is prepared by fund, function (e.g., public safety), and department (e.g., police). Departmental budget officers, with approval of the department head and finance director, may make transfers of appropriations within a department.

Awards

The Government Finance Officers Association of the United States and Canada (GFOA) presented a Distinguished Budget Presentation Award to City of Cleveland, Tennessee for its annual budget for the fiscal year beginning July 1, 2011. In order to receive this award, a governmental unit must publish a budget document that meets program criteria as a policy document, as an operations guide, as a financial plan, and as a communication device. This was the thirteenth consecutive year that the city has received this award.

Previous GFOA Budget