Information about the City of Albuquerque's Budget and Performance Management.
The purposes, processes, and structure of the City of Albuquerque budget are defined in the City Budget Ordinance. Each year, the Mayor proposes a Financial 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.
The City’s annual budget process begins with the publication of the Five-Year Forecast annually in December. The Five-Year Forecast estimates future revenues and expenditures for the General Fund and the subsidized funds for the current fiscal year as well as future years. The purpose of this forecast is to identify key trends in revenues and expenditures and to provide information about the financial challenges anticipated over the next few years.
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. View the latest Albuquerque Progress Report.
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.