City Budget

Types of Funds

The city budget consists of 4 different funds:
  • General Fund - This fund covers most city operations, such as Fire, Parks and Recreation, Police, Streets and Planning
  • Stormwater Fund - This fund provide drainage improvement projects
  • Tourism Fund - This fund promotes Belmont as a tourist destination
  • Water and Sewer Fund - This fund covers the operation and maintenance of the city water and sewer infrastructure and provides drinking water to city customers

Budget (Fiscal) Year

The City of Belmont budget year runs from July 1 through June 30 of the following year. 

City Budget Process

  1. The city manager and staff propose the annual budget and present it to the city council for consideration.
  2. The city is required to adopt a balanced city budget by June 30 for the upcoming budget year, following a public hearing on the proposed budget. The city council will hold a public hearing on the FY 2019-2020 proposed budget on June 3, 2019.  The City Council will consider approval of the budget after the public hearing. For detailed information on the proposed budget click here or come to City Hall to request a copy.

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