Financial Reports and Budgets
The City of Valley Falls Finance Department provides for the processing of all financial data in a timely and cost-effective manner. This allows the department to monitor budgetary requirements, to invest the city’s funds, and to comply with all city, state and federal laws.
Financial Reports and Budgets are presented, re-evaluated and voted on annually. Proposed Budget documents reflect the financial plan to be presented for the next fiscal year. The Final Budget includes the Proposed Budget plus changes made for budget and purchase order carryovers.
February - April: Budget Process starts with Annual Audit; Departments develop budget requests, early revenue estimates.
May - June: City Administrator creates draft budget and attends budget workshops; revises estimates; City Administrator and Mayor begins working on budget proposal late June.
July - August: Budget draft is finalized; City Administrator and Mayor recommends budget; City Council gives final direction; Budget is officially adopted in late-August.
October - December: Year end financials prepared; Planning for next fiscal year begins.