25LINKBUDGET(FULL) - Flipbook - Page 13
City of Plymouth 2024 / 2025 Budget
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Supporting details justifying proposed expenditure levels for all programs and
projects.
Stage 4. Implementation of the budget by the Administration
The budget is a dynamic document that typically undergoes changes throughout the fiscal
year in response to shifting revenue patterns and expenditure priorities. These modifications
may stem from trends in the private economy, unexpected emergencies, inaccuracies in
revenue and expenditure projections, or reassessment of the City's policy and program
objectives. Regardless of the catalyst, adjustments to the budget should be formalized
through amendments recommended by the City Manager and approved by the City
Commission. This ensures that the budget remains aligned with the Commission's policy
directives and adapts to evolving real-world circumstances.
Stage 5. Audit of the budget by the City auditor
The primary purpose of the year-end audit is to offer an independent verification to the City
Commission and the public that the information disclosed throughout the year regarding the
City's financial activities and condition was accurate, and that legal requirements have been
met. Additionally, it provides technical assistance to the Administration by offering
suggestions on how financial operations can be enhanced or made more efficient.
25BINTRO-02-TCBP.DOCX
TABLE OF CONTENTS
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