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6.A. - Page 121 of 191 <br />REQUIRED SUPPLEMENTARY INFORMATION <br />NOTE 1— BUDGETS AND BUDGETARY ACCOUNTING <br />Formal budgetary integration is employed as a management control device during the fiscal year for the <br />general fund, special revenue funds, debt service fund, and capital projects funds. <br />Budgets are adopted on a basis consistent with accounting principles generally accepted in the United States <br />of America (USGAAP) for the general fund, special revenue funds, and debt service fund. Capital projects <br />funds' budgets are adopted on a project length basis and are not presented here. <br />The City Manager submits a recommended operating budget in May each year to the City Council for the <br />fiscal year commencing the following July 1, showing proposed expenditures by programs and the means <br />of financing them. <br />The City Council conducts a budget study session, which is open for public comment, before adopting the <br />budget. Once the budget is adopted, expenditures may not legally exceed appropriations at program at the <br />program level. <br />At the request of the department head through the City Manager, the City Council may, by resolution, <br />transfer appropriations between sub -programs and funds. Any increase or decrease to the total <br />appropriations provided for in the budget must also be carried through by resolution passed by the City <br />Council. The City Manager may authorize the transfer of funds between object categories within a sub- <br />program of a department. The adoption and administration of the Port of Redwood City budget is <br />exclusively under the control of the Board of Port Commissioners. <br />Budgeted amounts are as originally adopted, or as amended by the City Council during the fiscal year. <br />Individual amendments were not material in relation to the original appropriations. <br />All unexpended appropriations lapse at the end of the fiscal year. Appropriations for capital projects or <br />appropriations that are encumbered are re -appropriated and carried over to the following fiscal year's <br />budget. <br />93 128 <br />