The City Council approves the city’s budget.The money allocated for annual spending to different sectors and net units are defined in the budget.
The budget consists of several parts. The general section explains the background and objectives of the budget. The operating budget section describes the expenditure and revenue of day-to-day operations. The income statement section shows the whole picture of revenue and expenditure. The investment section describes larger acquisitions and construction projects. The financing section describes how operations are financed.
