The tentative budget is a balanced budget of proposed expenditures and the means to finance them. Following Board approval of the budget, the Administrative Services Department prepares the adopted budget for distribution to departments and other interested parties. Contributed capital is budgeted as a revenue, and fixed asset purchases are budgeted as capital outlay expenditures for control purposes. Martin County follows the laws of Florida regarding the control, adoption and amendment of the budget during each fiscal year. Budgets for Governmental Funds are legally adopted.
Budgetary control is maintained through the use of encumbrances.
Adjustments to the budget are in accordance with Florida Statutes chapter 129.06 and are performed as identified within this document. As each program has an assigned budget, expenditures are controlled at the total dollars for each program. This allows flexibility within the program as well as an accurate representation of expenditures within the various line items. The purpose of the amendment process is to adjust fund amounts to reflect revenues anticipated to be received and to balance expenditures to these revenues in accordance with state law and sound fiscal practices. Budget transfers which involve reserves must be reviewed and formally approved by the Board prior to execution.