As required by law, the City of Richmond Heights submits a “balanced budget” to the Cuyahoga County Budget Commission each year. “Balanced budget” means that the City’s projected expenses for the year do not exceed the City’s projected revenue (mostly taxes) for the year. Appropriation means expenditures authorized by City Council; no expenditures may be made without Council’s authorization.
Pretty straight forward.
City Council and the Mayor spend no less than three months each year in special meetings on Saturdays preparing the City’ budget.
The finished budget is a guiding document: a month-to-month guidepost on how are we doing with managing the tax payers’ money.
Fiscal Year 2010 | Budget | Actual | Variance |
General Fund Revenue | $6,878,670 | $7,947,988 | 16% |
General Fund Appropriations | $6,739,302 | $8,541,394 | 27% |
Surplus/(Deficit) | $139,368 | ($593,406) |
Between December 14, 2010 and December 28, 2010, Richmond Heights City Council appropriated an additional $1,857,787 over its original budgeted expenditures.
If you would like to follow along with the appropriation process, view the following documents:
The initial budget (3/9/10): http://www.richmondheightsohio.org/legislation-2010/19-2010.pdf
Ordinance 39 (6/22/10): http://www.richmondheightsohio.org/legislation-2010/39-2010.pdf
Ordinance 86 (12/14/10): http://www.richmondheightsohio.org/legislation-2010/86-2010.pdf
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