The City of Sand Springs has adopted the provisions of the Municipal Budget Act (11 Q.S., S.17-201-17.216). In accordance with the Budget Act, the following process is used to adopt the annual budget:
Prior to June 1, the City Manager submits to the City Council a proposed operating budget for the fiscal year commencing the following July 1.
Public hearings are conducted to obtain citizen comments. At least one public hearing must be held no later than 15 days prior to July 1.
Subsequent to the public hearing but no later than seven days prior to July 1, the budget is adopted by resolution of the City Council.
The adopted budget is filed with the Office of State Auditor and Inspector.
All funds of the city with revenues and expenditures are required to have annual budgets, and all budgets must be balanced, i.e., estimated revenues and appropriated fund balance must equal appropriations for expenditures. A public hearing for the 2024 fiscal year’s budget was conducted on March 27, 2023. The Sand Springs City Council and Municipal Authority approved the FY2024 budget by resolution on May 22, 2023. The adopted budget is balanced and covers the period of July 1, 2023 through June 30, 2024, and meets all the provisions of the Municipal Budget Act.