HomeMy WebLinkAboutCity Budget Statement of Understandings FY26City of Rexburg
For the 2026 Budget (Year Ending 9/30/26)
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 respective 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 should
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 full-time employee positions, if not approved in the normal budget
process, must be pre-approved by the City Council.