Budget « The City of Lakewood, Ohio -
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Additional Information


Budget

Here’s the link to the city of Lakewood’s budget documents

Under Article III, Section 14 of the City Charter:

“On or before the fifteenth day of November in each year, the Mayor, Director of Public Works and Director of Finance shall prepare an estimate of the expense of conducting the affairs of the City for the following year; this estimate shall be compiled from detailed information obtained from the various departments.”

This estimate itemizes the expense of conducting each department, comparisons with corresponding items of expenditures for the last two complete fiscal years, reasons for proposed increases or decreases compared with the current fiscal year, departmental schedules, payroll increases, anticipated revenue from taxes and other sources, debt interest and bond retirement funds, long-term financial obligations of the City and “such other information as may be required by Council.” Upon receipt of the estimate, Council initiates the budget approval process to monitor the operation and performance of the City’s budget, establish priorities and allocate resources for the year, and thereafter pass temporary or permanent appropriation ordinances.