Finance

Policy Memorandum

The framework memorandum forms the basis for the annual Planning & Control cycle. This policy document provides insight into the municipality’s long-term plans and how they will be funded. In it, the Municipal Executive (the College of Mayor and Aldermen) makes decisions regarding existing and new policies, thereby setting the direction for the budget.

Budget

The budget outlines what the municipality aims to achieve in the coming year, how much it will cost, and what Voorschoten’s financial situation is. The Municipal Executive drafts the budget, after which the City Council discusses it, makes any necessary adjustments, and adopts it.

Progress Reports

Two interim reports are published each year: the Spring Memorandum and the Fall Memorandum. These documents provide an update on the progress made toward the budget’s objectives and the associated financial resources.

Annual Reports

At the beginning of each year, the Municipal Executive reports to the City Council through the annual report. This report details what was accomplished in the past year and how much it cost.