Preparation and implementation of the City's budget is a year-round process, although this process attracts the most attention during the summer just prior to establishing the City's mill levy rate for the following year. The budget consists of the operating budget that identifies the necessary resources to complete the activities planned for the year, and projects that effect those decisions.
Finally, the budget serves as a communication device to the public about the planned activities of the City. A comparison of prior years' activities is included. It identifies financial resources and ties those resources to specific activities. It establishes the activities and projects that the City is going to pursue and provides a plan of organization for implementing those activities. Staffing and resource levels are set. The budget is also a financial plan. The budget is one of the most important processes a City Commission engages in on a continuing basis. The budget is, first of all, a policy document and operations plan. The budget guide also defines financial terms and provides an overview of the city’s financial goals.
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It provides information about citizens’ rights to get involved in the budget process and shows how to exercise those rights.
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Each department’s proposed cuts will then be presented to the full city council next Thursday.The purpose of the budget guide is to assist the public and City Commission in understanding the way the City budget is prepared, adopted, implemented and amended. The finance committee will meet next Wednesday to discuss the possible cuts. Lucas said the city will "find a way" to pay its bills, but the challenge locally compared to federal governments is that local entities have to balance their budget. Those services include filling potholes and picking up trash. Moving forward, city council members will have to decide where cuts will be made and, therefore, how that will potentially impact the nearly 400 services and programs the city provides on a daily basis. "Because it's a diversified stream with four to five major different sources, no single stream is more than 25 percent of our income, so that's good,” Hernandez said. That, coupled with the city’s diversified revenue stream, is what Hernandez said gives KC a leg up in this situation. “After the last recession, we made sure we built it back up in case something like this happened again,” Hernandez said.Ĭurrently, there is more than two months of operating expenses in the city’s “rainy day fund," which amounts to roughly 18 percent of the general operating fund. The good news, according to Hernandez, is the city's reserve fund is the strongest it has been in the city’s history. The 4.5 percent could be scaled up or down, but the city needed a starting point to begin the budget discussion. KCMO Communications Director Chris Hernandez said it's important to keep in mind that the requests are being made citywide. “We have some things that we have talked about implementing - other programs to maybe get people to retire early, incentive packages, something of that nature." "To come up with these kinds of numbers, there is just only one way to do that and that is personnel,” KCPD Chief Rick Smith said. Lucas said for Kansas City, Missouri, police that would be roughly $10.6 million and nearly $9 million for the fire department. Mayor Quinton Lucas said the city is "looking at a forecast" where it would try to save between $50 million and $60 million this year.Īll city departments received a letter from the acting City Manager Earnest Rouse on Tuesday, asking to project what a 4.5 percent budget cut would look like. Massive budget cuts are on the line as a result of the fallout from the coronavirus pandemic in Kansas City, Missouri.
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