These budgets record income and expenditure for a calendar year. They comprise two sections (operating and investment) which must be presented in balance.
The operating section of the budget includes all the expenses and revenues necessary for the operation of the community that come up each year, such as staff costs or ongoing operating expenses. Tax revenues and government grants are part of the operating budget.
The investment section of the budget presents one-off expenditure and revenue that have a lasting effect on the value of the assets, such as property acquisitions or new works. The developments and works "arrowed" to 2020 are clearly indicated.
A strong act that structures municipal activity for a year.
The city's initial 2020 budgets, the budgets for the car parks, water and sanitation, cultural and sports facilities as well as that of the Tracks and Safety Authority were submitted for approval by the members of the City Council at the meeting of 02 March 2020.