1	The Basics of Budgeting City of Manhattan
2	Budget Process The City of Manhattan’s budget (fiscal) year begins on January 1 and ends on December 31 of each year. Planning for the annual budget is started over a year before the budget’s fiscal year begins. For example, work on the 2011 budget begins in January of 2010.
3	Funds The accounts of the City are organized on the basis of funds. Each fund is considered a separate accounting entity and can be thought of as its own checkbook.
4	Types of Funds -General Fund -Special Revenue Funds -Bond and Interest Fund (Debt Service) -Enterprise Funds
5	General Fund -main fund of the City -used for general operation of the City
6	Special Revenue Funds -account for revenues resulting from specific taxes, governmental grants, and other revenue sources -support individual functions or activities of the City Examples of these funds include: Business Improvement Districts, Library, Tourism and Convention Promotion, Riley County Health Department, and Riley County Police Department
7	Bond and Interest Fund (Debt Service) -accounts for the payment of principal and interest on the City’s general obligation bonds
8	Enterprise Funds -include water, wastewater, and storm water utilities -self supporting funds -user fees totally support all operational and capital costs
9	Capital Improvements Program (CIP) -long term capital purchase-planning document -used to plan, budget, and finance the purchase and/or construction of large capital infrastructure, facilities, equipment, and other capital assets
10	Major Sources of Revenues -property taxes -local sales taxes -franchise fees -investment income -utility fees -municipal court fees
11	Major Sources of Expenditures -personnel -contractual services and commodities -outside agencies -capital outlay (CIP) -principal and interest payments on bonds
12	Back to the Budget Process… The budget process begins by forecasting the revenues expected to be received in the upcoming fiscal year. By estimating the amount of money coming in, the City knows what it has to work with. After revenues have been projected, decisions about expenditures can be made.
13	"Citizens can help by sharing..." Citizens can help by sharing their thoughts and ideas on where expenditures should be made and how much should be spent. According to state law, the budget must be balanced for each fund. This means that total revenues in each fund must equal total expenditures.
14	What all does the City of Manhattan oversee? -Skate Park -Street Maintenance -Sunset Zoo -Swimming Pools and Splash Park -Traffic Control -Water/Sewer -and much more!!! -Animal Shelter -Cemeteries -City Parks -Fire and Emergency Services -Ice Rink -League Sports -Legal/Municipal Court -Manhattan Regional Airport
15	Questions or Comments? The City of Manhattan always welcomes your suggestions. We value your thoughts and ideas. Please feel free to call the City's Director of Finance, Bernie Hayen, at 785-587-2470. He can also be reached by e-mail at hayen@ci.manhattan.ks.us.