HomeMy WebLinkAboutCity Budget Statement of UnderstandingsCity of Rexburg
For the 2021 Budget (Year Ending 9/30/21)
STATEMENT OF UNDERSTANDINGS ON BUDGET MANAGEMENT
1) Expenditures, including all capital items, will be managed so that short falls in
total revenues are offset by cutbacks in expenditures in the General and Street
Funds.
2) All capital purchases over $100,000 and construction projects over $100,000 and
their related operating and maintenance costs must be in the budget and will be
reviewed and approved by the City Council before any funds will be committed to
the project.
3) All hiring of employees to fill a previously existing position that was vacated must
have approval from the Mayor. The Mayor and/or Department Head should still
continue to report these vacancies and rehires to the City Council under their
respective department report or the Mayor’s report.
4) All new employee positions, if not approved in the normal budget process, must
be pre-approved by the City Council.