The Bureau of the Budget and Management Research (BBMR) formulates the City's annual operating budget and recommends annual capital expenditures to the Director of Finance. BBMR prepares fiscal notes for all local legislation and provides policy and fiscal research and analysis on a variety of administrative, departmental, and citywide issues. The Bureau also provides oversight of all budget expenditures. BBMR is responsible for the Administrative Manual, which communicates official City policies and procedures affecting City employees.
The Government Finance Officers Association has awarded the Distinguished Budget Presentation to the City of Baltimore for its annual budget for each year submitted since fiscal 1987. This is the highest form of recognition in governmental budgeting.