Most of the City’s agencies submit their recommended operating and capital budgets to the City for approval as part of the City’s budget review process. The final authority for approving these budgets rests with City Council.
The City’s quasi-judicial bodies do not manage staff or have their own budgets. The members of these bodies attend hearings to adjudicate and render decisions. Administrative support is provided by City staff and the relevant program area in the City prepares and submits the budget.
City corporations operate as businesses in accordance with Shareholder Directions approved by Council and do not submit their budgets to City Council for approval. Each board of directors has the authority to approve the corporation’s budget. Corporations submit their Annual Audited Financial Statements and Annual Reports to the City each year.