Skip to content | Skip to navigation

Albuquerque - Official City Website

FY2005 Approved Budget

Budget and Performance Management

Budget Process

The purposes, processes, and structure of the City of Albuquerque budget are defined in the City Budget Ordinance. Each year, the Mayor proposes an Enterprise Fund Budget to the City Council by March 1 and General Fund Budget to the City Council by April 1. The Council then approves or makes changes to (amends) the budget. The City Council conducts public hearings to allow public input in the budget process. Citizens are encouraged to participate in the Council budget meetings. Please see the City Council schedule for the time and location of a budget meeting.

The City's fiscal year runs July 1 to June 30.

Financial and Performance Plan

The City's budget is formulated in two parts – a financial plan and a performance plan. The financial plan is organized by fund, department, and program strategy. Funds are groupings of related accounts that are used to maintain control over resources that have been segregated for specific activities. The performance plan is organized by Goal, desired community condition, and program strategy. These goals are adopted by the Mayor and City Council every 5 years, after significant community input. A goal is a long term result that is further defined by desired community conditions that would exist if the goal were achieved. Desired Conditions are the focus of indicators of progress, formulated and published every two years by a citizen commission, the Indicators Progress Commission. The latest Albuquerque Progress Report can be viewed at: www.cabq.gov/progress

Annual Objectives

Annual objectives are also adopted by resolution by the Mayor and City Council. Objectives are specific steps taken by the City for achieving goals. For the most part, objectives should be tangible products or achievements rather than the activities that produce the products. Each objective should be attainable within a specified period of time, preferably within a fiscal year or two consecutive fiscal years.

Translate this page: