Which document outlines the financial policies and procedures of a municipality?

The Municipal Budget is the key document that outlines the financial policies and procedures of a municipality. It serves as a comprehensive financial plan for the year, detailing projected revenues and expenditures. The budget reflects the priorities and goals of the local government and is formulated through a transparent process involving public participation and review. It includes specific allocations for various departments and services, illustrating how the municipality intends to utilize its financial resources.

The budget also plays a crucial role in fiscal governance, ensuring that the municipality adheres to legal requirements and complies with state laws. By establishing a framework for managing the municipal finances, the budget provides a clear direction for accounting practices, spending limits, and financial reporting. Thus, it is fundamental for ensuring fiscal responsibility and accountability within the local government.