The City’s budget and financial plan present the City’s operational and financial objectives.
The budget directs the City’s operations and finances for at least the next three years. The budget follows the City Strategy and must be prepared in such a way that the preconditions for the City to perform its duties are secured.
The budget specifies the appropriations for the City’s operational economy, investments and financing, as well as revenue estimates, and indicates how financing needs are to be met. The budget also specifies the departments’ and municipal enterprises’ binding targets for the year. Additionally, the budget presents industry-specific risks and the objects and procedures of internal control. The City Council approves the budget annually at the latest in December.