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About Homer
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Government
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- How Do I?
The Budget Process
The City of Homer’s fiscal year begins July 1st and ends June 30th . The budget process for the City of Homer starts in January of the second year of the mayoral term beginning with the distribution of budget work-sheets to each department. The City Manager meets with the Department Heads to outline the budget policies and objectives for the coming fiscal years. By the third Friday of April, the City Manager presents to the Council an overview of preliminary budget assumptions that address revenue projections, taxes, utility rates, program additions or deletions, wage and benefits, and other issues, which may potentially impact on the City’s overall financial condition. In accordance with Homer City Code 3.05, the City Manager shall submit the preliminary budget covering each of the next two fiscal years to the City council by the third Friday in May of a budget year. The Council then has until June to hold public hearings on the City’s budgetary objectives and any statements of budget priorities of the community. By no later than ten days prior to the end of the current fiscal year, the Council shall, by ordinance, make appropriation of the money needed for the following year. After the budget has been adopted by the Council, the Council may transfer appropriations between major classifications or department by resolution and transfer appropriations between funds by ordinance. The City Manager has the authority to transfer amounts up to $10,000 within a department.
