Developing the City Budget

The City of Mound City’s fiscal year is from July 1 through June 30.  The City Clerk and staff estimate future revenues for the City based on property and sales tax expectations and also by studying historical trends and economic indicators.  The budget is then developed for the fiscal year which allocates funds to various departments and projects based on regulations, needs, and standard accounting practices.  The budget is adopted annually by the Board of Aldermen.