BUDGET BASICS

The Annual Budget is a plan for the expenditure of revenues during a fiscal year.  The Fiscal Year, or "Budget Year" is a 12-month period in which the revenues and expenditures planned for in the Budget will apply.  The Town of Mount Pleasant operates on a fiscal year of July 1 through June 30.

The Budget is approved by the Town Board of Commisisoners by adopting a Budget Ordinance, which is local legislation that levies taxes and appropriates revenues for specified purposes, functions, activities, or objectives during the fiscal year.  The ordinance is adopted prior to the start of the next Fiscal Year and may be amended throughout the year, with the approval of the Town Board.

The Town of Mount Pleasant is required to budget and spend money in accordance with the Local Government Budget and Fiscal Control Act (LGBFCA).  Revenues and expenditures for the provision of general services are authorized in the annual budget ordinance.  Revenues and expenditures for capital projects or the projects financed with grant proceeds are authorized in the annual budget ordinance.