What is the City Budget?

Every year the City Commission adopts a Budget for the next fiscal year (the City's fiscal year runs from July 1 of one year through June 30 of the next year). The Budget is the City's business and financial plan for the year.

The Budget has two purposes. The purposes are (1) to set goals, objectives, and service levels for the City to meet during the next year, insuring the provision of City services to Newport residents, and (2) to estimate and allocate the money the City will take in and spend during the year.

Show All Answers

1. What is the City Budget?
2. How does the City balance revenues and expenses?
3. What are "funds"?
4. What is Fund Accounting?