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The City of Crofton 's Annual Budget outlines both income and expenditures that are expected to be received and paid over the coming year. This budget helps to plan for the upcoming year and makes the necessary adjustments in cash flow to cover expenses. The City of Crofton 's Annual Budget is a vital instrument in accurately projecting future cash flow and effectively managing incoming revenue and existing debt.
Frequently Asked Questions
When are budgets due?
Budgets are due on or before September 20th each year.
When do County Assessors' certify valuations?
County Assessors' must certify valuations on or before August 20th each year.
What are the options for giving notice for the budget hearing?
What needs to happen if the budget adopted is different from the published budget?
What does the lid on restricted funds mean to my political subdivision?
The biggest misconception about the lid on restricted funds is that the lid is on disbursements. There is no lid on disbursements. The lid on restricted funds is based on the amount of property tax and State Aid a political subdivision can receive each year.