The budget is monitored throughout the fiscal year by budget and accounting staff to review revenues and expenditures to date and project revenues and expenditures against budget for the remainder of the year. For the last nine months of the year, a monthly financial report is produced that tracks revenues and expenditures to date, as well as the percent of budget used for each item.
Departmental staff run ad hoc reports during the year to track the expenditures of their department and make adjustments as necessary. Departments have the budgetary authority to transfer budgets at will between individual line items within their department so long as the total authorized amount of the budget remains unchanged.
Budget adjustments are brought to council for approval periodically during the year to increase or decrease the budget or to transfer between funds.