FYE 14 Budget prelim - City of Norman

CITY OF NORMANC. Each budget and each financial statement and estimate of needs for each county, city, incorporatedtown, or school district, as prepared in accordance with this section, shall be published in one issue insome legally qualified newspaper published in such political subdivision. If there be no suchnewspaper published in such political subdivision, such statement and estimate shall be so publishedin some legally qualified newspaper of general circulation therein; and such publication shall bemade, in each instance, by the board or authority making the estimate.D. The financial statements and estimates of all counties shall be filed with the county excise board onor before August 17 of each year; and the financial statements and budgets of all incorporated townsshall be filed with the county excise board on or before August 22 of each year; and the financialstatements and budgets of all cities shall be filed with the county excise board on or before August 27of each year; and the financial statements and estimates of all school districts shall be filed with thecounty excise board on or before September 1 of each year. Said financial statements and estimatesshall have attached thereto an affidavit showing the publication thereof as required herein, or theymay be filed and the said affidavit attached thereto at any time within five (5) days after the filingthereof.NORMAN IMPLEMENTATION OF MUNICIPAL BUDGET STATUTESThe City of Norman and its related Trusts and Authorities have been in full compliance with GenerallyAccepted Accounting Principles and the Oklahoma Municipal Budget Act since 1988. Some of thedefined terms in Section 17-204 and 17-213 of the Municipal Budget Act are further explained asfollows:“Municipality” is The City of Norman and “Governing Body” is the City Council;“Budget Year” and “Fiscal Year” is July 1 through June 30;“Chief Executive Officer” is the City Manager;“Personal Services” category expenditures are “Salaries and Benefit” category expenditures. Theseexpenditures are generally for payments directly to full and part-time employees of the City, includingcontributions to retirement and pensions, social security, health insurance, uniform allowances andrelated expenses.“Materials and Supplies” category expenditures are generally for consumable goods that are used (or“materially altered” when used) by City employees to provide services to the public and/or our customers(e.g., purchases of pencils, oil filters, chlorine).“Other Services and Charges” category expenditures are “Services and Maintenance” categoryexpenses, generally for services provided to the City of Norman by outside vendors (e.g., hiring Xerox tofix a City copier; hiring a Spanish interpreter, etc.).“Internal Service” category expenditures are similar to “Services and Maintenance” categoryexpenditures, except that the “vendor” that is providing the services to the City of Norman is another Citydepartment. Internal Service “vendors” of the City include the Fleet Management Division (providingcentralized fueling and vehicle repair), the Facilities Management Division (providing centralizedbuilding repair, custodial and maintenance), the Office Services Division (providing centralized printingand mailing services) and the Risk Management Division (providing worker’s compensation, healthinsurance and property casualty services).ANNUAL BUDGET51