Budget
Mission
To prepare the city's annual budget in an efficient and economical manner that will provide the citizens of Olive Branch with the services needed to maintain the quality of life we have worked so diligently to create and preserve within our City and to ensure the City maintains a sound financial position within the constraints of an acceptable tax rate.
The Budget is a detailed plan of operations and capital outlay for the City. It provides a detailed estimate by the fund of receipts, disbursements, and balances for the next fiscal year beginning October 1. The Mayor requests information from each department as to what their needs will be to sufficiently run their department for the coming year. Once all this information is collected, the Mayor and the Director analyze the information and make forecasts regarding spending and revenues. This information is presented to the Board of Aldermen for review and then for final adoption before the state-mandated deadline of September 15.
A public hearing must be held before the adoption of the Budget. It is usually held during the regularly scheduled meeting of the Mayor and Board of Aldermen preceding the meeting scheduled for adoption of the budget. The adopted budget will be published in the local newspaper.
The budget includes:
- Activities and services the city plans to provide its citizens
- Improvements to streets, water systems, gas systems, and buildings
- Expenditures required to support all operations and capital projections
- Resources available for meeting the planned expenditures