2009-10 Adopted Budget - City of Hoquiam

also contains an outline of the approved financial policies and programs and therelationship of appropriations to those policies and programs.• Revenues – The revenues section summarizes the City’s revenues from 2000through budgeted revenues that support the 2009-2010 budget. This sectionillustrates multi-year revenue trends and projects revenues for the coming year.This section is a vital element of the City’s financial plan, and also serves as acommunications tool for citizens and a reflection of Council policy through itsdecisions regarding the property tax levy, utility charges, and other issues.• Fund Summary – This section provides a comprehensive summary of the revenuesand expenditures of all budgeted funds for 2009-2010. It illustrates the overallfinancial condition of each fund, and provides a multi-year comparison of financialactivity in each of the City’s funds.This section serves as a vital element of the City’s financial planning process,illustrating trends in revenue and expenditure patterns over multiple years.• Operating Budget – This section provides either a four-page or a two-pagesummary of each departmental budget. Four those departments with a four pageoperating budget, the first page of each budget provides a narrative summary of thedepartment’s purpose as well as its mission. The second page provides a list ofaccomplishments from 2007-2008 as well as goals or special objectives for thecoming biennium. The third page of each budget provides a financial summary andfinally, the fourth page provides performance measures including inputs, outputs,effectiveness and efficiency.For those departments with only a two page operating budget, only a narrativesummary and a financial summary are included.This section serves as a communications tool for stakeholders interested in issuesrelated to specific departments, and as a management tool for department directorsand staff to use in implementing their budget for the coming year.• Capital Improvement Program – This section provides a summary and descriptionof the City’s 2009-2010 capital improvement budget. This includes all projects thatmeet the City’s definition of a capital project, and include fixed and permanentimprovements to City facilities and infrastructure, new construction of facilities, andacquisition of equipment with a useful life of one year or more and a cost of over$5,000.• Debt Services – This section provides a comprehensive and detailed description ofthe City’s debt service budget. It provides information regarding the City’s statutorydebt capacity, summary presentations of total debt service by type, and individualdescriptions of each issue’s debt schedule and an explanation of the projects forwhich they provided financing.2