New Mexico Statutes 6-3-11. Parts of the budget
The budget shall contain the following parts: A. the governor’s budget message;
Terms Used In New Mexico Statutes 6-3-11
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
B. summary statements showing the following:
(1) financial condition of the state government at the beginning and at the end of the fiscal year last completed;
(2) financial condition of the state government at the beginning of the current fiscal year and condition anticipated at the end of the current fiscal year;
(3) anticipated financial condition of the state government at the beginning and end of the succeeding fiscal year;
(4) condition of all funds for the fiscal year last completed, the current fiscal year and the succeeding fiscal year, as follows:
(a) balance or anticipated balance at the beginning of the fiscal year; (b) balance or anticipated balance at the end of the fiscal year;
(c) revenue or anticipated revenue during the fiscal year;
(d) source of revenue or anticipated revenue during the fiscal year; and
(e) expenditures or anticipated expenditures during the fiscal year;
(5) the bonded indebtedness, debts authorized, debts redeemed, interest requirements and the condition of sinking funds;
(6) appropriations recommended by the governor compared with appropriations for the fiscal year last completed and the current fiscal year. Any increase or decrease in the recommended appropriation shall be explained;
(7) anticipated revenue for the succeeding fiscal year, classified according to source of revenue and compared with revenues for the fiscal year last completed and anticipated revenue for the current fiscal year;
(8) other information necessary to make known in practicable detail the financial operation of the state government; and
(9) if anticipated revenue is less than the total of all appropriations recommended in any fiscal year, recommendations as to how the deficit shall be met;
C. a summary statement of requested appropriations by state agencies and recommendations of the state budget division concerning such requested appropriations; and
D. an appropriation bill recommended by the governor. Such bill shall follow budget classification and shall be stated in lump sums according to function or purpose of each agency.