Budget & Closing

Budget plan

A budget is drawn up in Innsbruck every year. This current estimate contains all the income and expenditure expected to be due in the relevant financial year. This estimate forms the basis for the management of the municipal budget (see Section 4 of the Innsbruck City Charter).

The budget also determines the staffing plan of the Innsbruck CitymagiCouncil (Section 3 of the Innsbruck Municipal Civil Servants Act and the Estimates and Closing of Accounts Ordinance).

Guidelines for the budget

(according to the Ordinance on Estimates and Closing of Accounts, VRV):

• Annuality
• Completeness
• Gross estimate
• Accuracy of the budget balance
• Separation of budgeted expenditure according to personnel and non-personnel expenditure

4 Steps to the budget

1. The citymagistrat prepares the budget.
2. The mayor submits the budget to the municipal council for discussion via the finance committee by mid-November.
3. The proposal is made available for general inspection for two weeks before being discussed by the municipal council. This is publicly announced on the official notice board. Objections to the draft budget submitted in writing must be taken into consideration by the municipal council during its deliberations. However, there is no entitlement to a specific resolution of the objections.
4. After the deliberations, the municipal council adopts the budget and decides on the levying of the charges provided for therein.

If you have any questions about the budget or the estimates, please contact City Adminstrative Group MA IV - Financial, economic and investment management - Head of Department IV - Financial Directorate

Open Budget

The Center for Public Administration Research (KDZ), in cooperation with Bank Austria, the Austrian Association of Cities and Towns and the Austrian Association of Municipalities, offers the "Open Budget" service.

At www.offenerhaushalt .at, the municipal finances of participating municipalities are clearly presented.

The following services are available:

• Closing of accounts and budget in open file format
• Visualization of the financial statements as of 2001 including data as a table
• Visualization of the estimates from 2021 including data as a table (according to VRV 2015)
  • including the corresponding cross-sectional account (economic breakdown)
  • Detailed view with the development over five years on all levels
• Visualization "Where does the tax euro go?" based on 1,000 EUR of paid taxes
• publication of subsidy recipients from 2017 in the subsidy checker

Financial statements of the City of Innsbruck

The financial statements consist, among other things, of the income statement, cash flow statement and balance sheet.

4 Steps to the financial statements

in accordance with §§ 71, 73 Innsbruck City Law

1. The mayor prepares the draft financial statements.
2. The draft financial statements are published for two weeks in the citymagistrat.
3. The draft financial statements are submitted to the municipal council for review and approval by April 30 at the latest.
4. The City Court of Audit and the municipal council's financial control committee examine the draft financial statements.
5. The municipal council adopts the accounts for the previous year by October 31.

The guidelines of the 2015 Ordinance on Estimates and Accounts (Voranschlags- und Rechnungsabschlussverordnung 2015, VRV 2015) must be adhered to when preparing the financial statements.