Budgets
Each year, the City of Gallup develops a budget for each of the various funds under its authority. The most commonly known fund is the General Fund, which includes the operational expenses for nearly all city departments except the utility divisions. We also produce budgets for bond funds, special revenue funds and various enterprise funds, including our electric, water, wastewater and solid waste divisions, Fox Run Golf Course, and the Fitness Center.
Budgets cover twelve months of operations on a fiscal year basis, beginning July 1 of each year and ending on June 30 of the following calendar year (e.g. Fiscal Year 2014 runs from July 1, 2013 to June 30, 2014). The budget process typically begins in February prior to the start of the fiscal year. The City Manager and the department heads together create a working budget that is reviewed in several hearings, with final approval in June. Budgets are created and approved in accordance with New Mexico Department of Finance and Administration rules and regulations.
As of 2013, the city has over $100 million in funds under management, with approximately $30 million of that total in the General Fund. For more information about city revenue sources, please visit the Open Government page and view the section on taxes, rates and fees.
Budgets cover twelve months of operations on a fiscal year basis, beginning July 1 of each year and ending on June 30 of the following calendar year (e.g. Fiscal Year 2014 runs from July 1, 2013 to June 30, 2014). The budget process typically begins in February prior to the start of the fiscal year. The City Manager and the department heads together create a working budget that is reviewed in several hearings, with final approval in June. Budgets are created and approved in accordance with New Mexico Department of Finance and Administration rules and regulations.
As of 2013, the city has over $100 million in funds under management, with approximately $30 million of that total in the General Fund. For more information about city revenue sources, please visit the Open Government page and view the section on taxes, rates and fees.