Budget Committee

There are currently no openings on the budget committee, but if you are interested in becoming a member when a position opens, please fill out the form in the link below. Deliver or mail the completed form to City Hall at 299 Mill Street, Falls City, OR 97344.

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Committee Application Form

A budget, as defined by Oregon State Law (Oregon Revised Statutes, abbreviated as ORS) Chapter 294, is a financial plan containing estimates of revenues and requirements for a given period or purpose, such as the fiscal year. The City is required to budget all funds and for each fund to have a balanced budget. The State of Oregon defines balanced budgets as one in which total resources, including beginning balances (net working capital), current resources and debt proceeds, equal total requirements, including current year requirements, capital outlay, transfers, debt service, and any other requirements, such as debt service reserves. As a rule, local governments in Oregon operate on a fiscal year that begins on July 1 and ends the following June 30. Falls City’s budget operates on this schedule. Budgeting is critical to cities because it requires local governments to evaluate plans and establish priorities in relation to available financial resources. Also under ORS, a legally adopted budget is necessary to establish and justify a given rate and or amount of property taxes to be levied on the property within the City.

The City of Falls City’s budget will accomplish each of the four major purposes of Oregon Local Budget Law (ORS 294.305 – 294.555 and 294.565) including: Establish standard financial procedures, outline programs and services in conjunction with the fiscal policy, and implement those policies provide methods of estimating revenue, requirements, and proposed tax levies to encourage public involvement in the budgeting process before budget adoption. Falls City prepares and adopts its annual budget in accordance with the City Charter, Oregon Law, and the Government Finance Officers Association budget guidelines. Before the budget can accomplish these goals, a schedule for preparation is developed. This schedule is called the Budget Calendar.