County Budgeting Process in Mississippi

undefined
 
COUNTY BUDGET
PROCESS
 
MISSISSIPPI ASSOCIATION OF SUPERVISORS
2021 ANNUAL EDUCATIONAL CONFERENCE
BILOXI, MS  JUNE 15, 2021
 
COUNTY GOVERNMENT IN MISSISSIPPI
 
CENTER FOR GOVERNMENT & COMMUNITY DEVELOPMENT
MSU COOPERATIVE EXTENSION SERVICE
SIXTH EDITION – PUBLISHED 2019
https://mssupervisors.org/county-government-mississippi
EXCERPTS FROM CHAPTER 7 - FINANCIAL ADMINISTRATION
 
RHUEL P. DICKINSON, JR., CPA
 
SIMPSON COUNTY ADMINISTRATOR
rhuel@co.simpson.ms.us
 
OFFICE 601-847-1418
 
CELL 601-382-3009
 
BUDGETING
 
REVENUE SOURCES
:
LOCAL
 – AD VALOREM TAXES, LICENSES, FINES, FEES, ENDING
CASH BALANCE & ETC.
STATE
 – HOMESTEAD, REIMBURSEMENTS, STATE AID ROADS,
EMS, GAS TAX, TRUCK & BUS PRIV., OIL, GAS, TIMBER, SALT
SEVERANCE, LIQUOR PRIV., GRAND GULF, INSURANCE REBATE,
GAMING AND ETC.
FEDERAL
 – EMPG, NATIONAL FOREST DISTRIB., PILT, GRANTS
 
BUDGETING
 
BUDGET IS A PLAN OF ACTION FOR THE FISCAL YEAR – FOR
REVENUES, EXPENDITURES, CAPITAL PROJECTS, DEBT
SERVICE, CASH MANAGEMENT AND TAXATION
REQUIREMENTS
BUDGET IS A LEGAL LIMITATION §19-11-17
BUDGET MAY BE AMENDED DURING THE YEAR §19-11-19
BUDGET MAY BE AMENDED THOUGH SEPTEMBER 30. §19-11-19
(NOT AFTER)
 
BUDGETARY PROCESS
 
IDENTIFY NEEDS AND FORECAST REQUIREMENTS FOR NEEDS
PREPARE DEPARTMENTAL BUDGET REQUESTS – DEPT. HEADS
REVIEW DEPARTMENTAL BUDGET REQUESTS – ADMIN/COMP
PREPARE RECOMMENDED ANNUAL BUDGET – ADMIN/COMP
ADOPTING AND IMPLEMENTING THE BUDGET – BOS
AMENDING THE BUDGET - BOS
ADOPTING THE FINAL AMENDED BUDGET - BOS
 
BUDGETARY ORGANIZATION
 
NEW BUDGET REQUESTS TO BE SUBMITTED AT JULY BOS MEETING
NEW BUDGET PRESENTED TO BOS AT AUGUST MEETING
ADVERTISE PUBLIC HEARING FOR NEW BUDGET & TAX LEVY – AUG.
ADOPT NEW BUDGET AND LEVY RESOLUTION BY SEPTEMBER 15
AMEND NEW BUDGET THROUGHOUT THE NEW YEAR FROM OCT. 1
TO THE FOLLOWING SEPT. 30.
SPREAD FINAL AMENDED BUDGET ON MINUTES BY OCT. 31.
 
BUDGET CALENDAR
 
MAY – FORMULATE NEW BUDGET POLICY – BOS
MAY – DEVELOP NEW FINANCIAL FORECAST – ADMIN/COMP/OTHER
JUNE – DISTRIBUTE NEW DEPT. BUDGET FORMS – ADMIN/COMP/OTHER
JULY  - FIRST BOS MEETING – NEW BUDGET REQUEST DEADLINE §§19-11-7,
19-25-13, 27-1-9 – BOS/DEPT. HEADS
JULY/AUG – REVIEW NEW DEPT. BUDGET REQUESTS AND FORMULATE
BUDGET – ADMIN/COMP/OTHER §19-11-7
AUG – PROPOSED NEW BUDGET TO BOS – ADMIN/COMP/OTHER  §19-11-7
 
BUDGET CALENDAR
 
AUGUST – ADVERTISE NEW BUDGET & CURRENT YEAR TAX LEVY
HEARING §§ 19-11-7 & 27-39-203 – BOS/ADMIN/COMP/OTHER
SEPT. 15 – DEADLINE TO ADOPT AND ADVERTISE NEW BUDGET
AND TAX LEVY §§27-39-317 & 27-39-203, 27-39-317 - BOS
WITHIN 10 DAYS AFTER TAX LEVY ADOPTION – ADVERTISE OR POST
§27-39-319 – CHANCERY CLERK
SEPTEMBER 30 – DEADLINE TO AMEND OLD BUDGET §19-11-19 - BOS
 
BUDGET CALENDAR
 
OCTOBER 31 – DEADLINE FOR SPREADING FINAL AMENDED
OLD YEAR BUDGET ON THE BOS MINUTES –
ADMIN/COMP/OTHER §19-11-19
MONTHLY – FINANCIAL REPORT OF BUDGET SHOWING
EXPENDITURES, LIABILITIES AND UNEXPENDED BALANCE
AND UNEMCUMBERED BALANCE IN EACH FUND AND
RECEIPTS FOR EACH FUND. – CHANCERY
CLERK/ADMIN/COMPTROLLER/OTHER §19-11-23
 
BUDGET FORMS
 
FORMS - OFFICE OF STATE AUDITOR (OSA) §19-11-9
COUNTY FINANCIAL ACCOUNTING MANUAL - OSA
FORMS MAY BE COMPUTERIZED
ALL REQUIRED INFORMATION MUST BE PROVIDED
 
QUESTIONS?
Slide Note
Embed
Share

The process of county budgeting in Mississippi involves identifying needs, forecasting requirements, preparing departmental budget requests, reviewing requests, adopting and implementing the budget, amending the budget, and adopting the final amended budget. Various revenue sources, such as local ad valorem taxes, licenses, fines, fees, state homestead, reimbursements, state aid roads, and federal grants, contribute to the budget. The budget is a plan of action for the fiscal year that includes revenues, expenditures, capital projects, debt service, cash management, and taxation requirements. Amendments to the budget are allowed during the year but must be finalized by September 30th.


Uploaded on Jul 17, 2024 | 1 Views


Download Presentation

Please find below an Image/Link to download the presentation.

The content on the website is provided AS IS for your information and personal use only. It may not be sold, licensed, or shared on other websites without obtaining consent from the author. Download presentation by click this link. If you encounter any issues during the download, it is possible that the publisher has removed the file from their server.

E N D

Presentation Transcript


  1. COUNTY BUDGET PROCESS MISSISSIPPI ASSOCIATION OF SUPERVISORS 2021 ANNUAL EDUCATIONAL CONFERENCE BILOXI, MS JUNE 15, 2021

  2. COUNTY GOVERNMENT IN MISSISSIPPI CENTER FOR GOVERNMENT & COMMUNITY DEVELOPMENT MSU COOPERATIVE EXTENSION SERVICE SIXTH EDITION PUBLISHED 2019 https://mssupervisors.org/county-government-mississippi EXCERPTS FROM CHAPTER 7 - FINANCIAL ADMINISTRATION

  3. RHUEL P. DICKINSON, JR., CPA SIMPSON COUNTY ADMINISTRATOR rhuel@co.simpson.ms.us OFFICE 601-847-1418 CELL 601-382-3009

  4. BUDGETING REVENUE SOURCES: LOCAL AD VALOREM TAXES, LICENSES, FINES, FEES, ENDING CASH BALANCE & ETC. STATE HOMESTEAD, REIMBURSEMENTS, STATE AID ROADS, EMS, GAS TAX, TRUCK & BUS PRIV., OIL, GAS, TIMBER, SALT SEVERANCE, LIQUOR PRIV., GRAND GULF, INSURANCE REBATE, GAMING AND ETC. FEDERAL EMPG, NATIONAL FOREST DISTRIB., PILT, GRANTS

  5. BUDGETING BUDGET IS A PLAN OF ACTION FOR THE FISCAL YEAR FOR REVENUES, EXPENDITURES, CAPITAL PROJECTS, DEBT SERVICE, CASH MANAGEMENT AND TAXATION REQUIREMENTS BUDGET IS A LEGAL LIMITATION 19-11-17 BUDGET MAY BE AMENDED DURING THE YEAR 19-11-19 BUDGET MAY BE AMENDED THOUGH SEPTEMBER 30. 19-11-19 (NOT AFTER)

  6. BUDGETARY PROCESS IDENTIFY NEEDS AND FORECAST REQUIREMENTS FOR NEEDS PREPARE DEPARTMENTAL BUDGET REQUESTS DEPT. HEADS REVIEW DEPARTMENTAL BUDGET REQUESTS ADMIN/COMP PREPARE RECOMMENDED ANNUAL BUDGET ADMIN/COMP ADOPTING AND IMPLEMENTING THE BUDGET BOS AMENDING THE BUDGET - BOS ADOPTING THE FINAL AMENDED BUDGET - BOS

  7. BUDGETARY ORGANIZATION NEW BUDGET REQUESTS TO BE SUBMITTED AT JULY BOS MEETING NEW BUDGET PRESENTED TO BOS AT AUGUST MEETING ADVERTISE PUBLIC HEARING FOR NEW BUDGET & TAX LEVY AUG. ADOPT NEW BUDGET AND LEVY RESOLUTION BY SEPTEMBER 15 AMEND NEW BUDGET THROUGHOUT THE NEW YEAR FROM OCT. 1 TO THE FOLLOWING SEPT. 30. SPREAD FINAL AMENDED BUDGET ON MINUTES BY OCT. 31.

  8. BUDGET CALENDAR MAY FORMULATE NEW BUDGET POLICY BOS MAY DEVELOP NEW FINANCIAL FORECAST ADMIN/COMP/OTHER JUNE DISTRIBUTE NEW DEPT. BUDGET FORMS ADMIN/COMP/OTHER JULY - FIRST BOS MEETING NEW BUDGET REQUEST DEADLINE 19-11-7, 19-25-13, 27-1-9 BOS/DEPT. HEADS JULY/AUG REVIEW NEW DEPT. BUDGET REQUESTS AND FORMULATE BUDGET ADMIN/COMP/OTHER 19-11-7 AUG PROPOSED NEW BUDGET TO BOS ADMIN/COMP/OTHER 19-11-7

  9. BUDGET CALENDAR AUGUST ADVERTISE NEW BUDGET & CURRENT YEAR TAX LEVY HEARING 19-11-7 & 27-39-203 BOS/ADMIN/COMP/OTHER SEPT. 15 DEADLINE TO ADOPT AND ADVERTISE NEW BUDGET AND TAX LEVY 27-39-317 & 27-39-203, 27-39-317 - BOS WITHIN 10 DAYS AFTER TAX LEVY ADOPTION ADVERTISE OR POST 27-39-319 CHANCERY CLERK SEPTEMBER 30 DEADLINE TO AMEND OLD BUDGET 19-11-19 - BOS

  10. BUDGET CALENDAR OCTOBER 31 DEADLINE FOR SPREADING FINAL AMENDED OLD YEAR BUDGET ON THE BOS MINUTES ADMIN/COMP/OTHER 19-11-19 MONTHLY FINANCIAL REPORT OF BUDGET SHOWING EXPENDITURES, LIABILITIES AND UNEXPENDED BALANCE AND UNEMCUMBERED BALANCE IN EACH FUND AND RECEIPTS FOR EACH FUND. CHANCERY CLERK/ADMIN/COMPTROLLER/OTHER 19-11-23

  11. BUDGET FORMS FORMS - OFFICE OF STATE AUDITOR (OSA) 19-11-9 COUNTY FINANCIAL ACCOUNTING MANUAL - OSA FORMS MAY BE COMPUTERIZED ALL REQUIRED INFORMATION MUST BE PROVIDED

  12. QUESTIONS?

Related


More Related Content

giItT1WQy@!-/#giItT1WQy@!-/#giItT1WQy@!-/#