The operating budget generally supports the day-to-day services and activities that keep Baltimore running, including salaries, funding for programs, ongoing maintenance costs at parks and recreation centers, and the like.Ĭlick here to learn about the process through which the City plans its future capital improvements, go straight to the Current Program – Get Involved page to see the most recent six-year Capital Improvement Program projects, or download this overview presentation to learn more. The Finance Department has provided the Five-Year Operating and Capital. The operating budget represents the remaining 70 to 85 percent of the budget. Annual Town Operating and Capital Inv Budget. Over the past ten years, the capital budget has represented between 15 and 30 percent of the total budget for the year. Capital improvements are defined by the Board of Estimates as "… any physical betterment or improvement and any preliminary studies and surveys relative thereto, including, but not limited to, any property of a permanent nature, and equipment needed in connection with such improvement when first erected or acquired.” A capital improvement is a long-term investment, typically in physical infrastructure, such as roads, monuments, public buildings, parks, or art. The capital budget is the budget for capital improvements in the City. Capital budgeting is a process that businesses use to evaluate potential major projects or investments. In prior years, Council was only able to remove items from the budget. New in FY24, City Council can make changes to the Ordinance of Estimates, removing items funded with general funds and redirecting the funds to other priorities. City Council votes to approve the Ordinance of Estimates. ![]() The first year of the six-year program is the budget year and becomes the basis for the capital component of the Ordinance of Estimates (budget), adopted by City Council. ![]() Each year, the Planning Department works with the various City agencies to prepare and present a new six-year program. Our public sector budgeting software is used by hundreds of government agencies across North America. ![]() To guide the City in making necessary physical improvements, the City Charter requires the Planning Commission to annually recommend a six-year Capital Improvement Program (CIP) to the Board of Estimates. Our operating, personnel and capital cloud-based budgeting solution allows for multi-year budgeting and unlimited what-if funding scenarios, plus it can seamlessly integrate with your financial system.
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