The budget of the City is a detailed operating plan that identifies estimated costs and activities as related to estimated revenues. The City Administrator submits to the City Council a proposed biennial budget for all funds and the Council then proceeds to make any changes to the proposed budget it deems necessary. Before adopting the proposed budget the Council holds a public hearing. After the conclusion of the public hearing the Council may further make revisions to the proposed budget. Thereafter the Council adopts the budget with revisions, if any.
The budget also includes the Capital Improvement Plan (CIP) which provides the roadmap of programs and projects to be undertaken in Gilroy over the coming 5 year period and provides the statutory projection of capital projects for the biennial budget period.