The Council may at any time, by a two-thirds vote of the entire membership,
transfer any portion of an unencumbered balance of an appropriation to any
other purpose or object. Notice of such transfer shall be given by publication
within 15 days thereafter in the official City newspaper.
No money shall be drawn from the treasury of the City, nor shall any obligation for the expenditure of money be incurred, except in pursuance of the annual appropriation in the adopted budget or when changes are authorized by §
19-2 of this chapter. At the close of each fiscal year, any unencumbered balance of an appropriation shall revert to the general fund and shall be subject to reappropriation, but appropriations may be made by the Council, to be paid out of the income of the current year, in furtherance of improvements or other objects or works which will not be completed within such year, and any such appropriation shall continue in force until the purpose for which it was made shall have been accomplished or abandoned.
The following ordinances are on file in the office of the City Administrator
and are incorporated in this chapter by reference:
A. Sewerage system mortgage revenue bonds: Ordinance Nos.
6-76 and 4-77.
B. Water and electrical system mortgage revenue bonds: Ordinance
No. 15-85.