Each year, the City prepares an annual budget for the fiscal year beginning on January 1 and ending on December 31. The Finance Department is responsible for the budget preparation process and organizing the data submitted by each department. The budget and budget document are prepared using the requirements and guidelines of the City Charter, State budget law and the Government Finance Officers Association (GFOA).

The primary purpose of the budget is to provide Citizens with a comprehensive overview of City services and operations and the resources that fund those services.