Washington Ordinance Adopting the Budget
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How to fill out Ordinance Adopting The Budget?
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FAQ
A Budget Amendment (BA) is the mechanism used to revise the working budget of state-supported and auxiliary enterprises accounts to reflect changes that occur throughout the fiscal year. Once the working budget is completed, it can only be changed by Budget Amendment.
Amending your budget during the year is perfectly acceptable as long as your bylaws don't state otherwise. A mid-year budget review is just always a good practice, regardless of whether you're doing better than expected or not quite as well as anticipated.
What is a Budget Modification? A budget modification is a zero-sum adjustment of line items in a fiscal year budget. A budget modification does not change the value of the contract. If your organization increased the budget in one area, a proportional decrease would need to occur on another line item in the budget.
? Adopted Budget: The approved budget that each College or Department starts with at the beginning of the Fiscal Year. ? Adjusted Budget: The budget after any adjustments (budget transfers) that are made throughout the year.
The Governor reviews agency requests and prepares a proposed budget. The Legislature reviews the Governor's proposed budget, develops and debates a proposed budget, and passes it. The Governor reviews the passed budget and signs it into law, vetoes it, or partially vetoes it.
A budget revision makes changes to an existing budgeted amount. It does not increase or decrease the total budget, so the total of all changes must equal to zero.
Adopted Budget means the budget document formally approved by the board of supervisors after the required public hearings and deliberations on the recommended budget.
A flexible budget allows for changes and updates to be made when assumptions used to devise the budget are altered. A static budget remains the same, however, even if the assumptions change.