The City of Sallisaw's fiscal year runs from July 1 to June 30 each year. The City prepares an annual budget based on the Oklahoma Municipal Budget Act (11 Q.S., S.17-201 - 17-216). The budget is based on established funds and departments of the City. The Chief Executive Officer of the City must present a budget to the Governing Body at least 30 days prior to the beginning of the next fiscal year. A public hearing on the proposed budget must be held at least fifteen (15) days prior to the beginning of the budget year. The budget must then be approved at least seven days prior to the beginning of the budget year.
During the budget process, the Finance Department receives input and budget requests from all Sallisaw department supervisors. The Finance Department compiles all the requests and calculates current and proposed revenues and expenditures based on existing financial data. This information is then reported to the City Manager, who then reviews all the data with each department supervisor and the Finance Department. A final budget document is then prepared and submitted to the Board of City Commissioners for review and final approval.