[Referendum of 11-21-1968]
Not later than February first of each year, the Mayor shall submit to the Board of Finance a proposed fiscal budget. Said fiscal budget shall consist of:
(1)
A budget message outlining the financial policies of the City government and describing in connection therewith the important features of the budget plan;
(2)
Estimates of revenue, presenting in parallel columns the itemized receipts collected in the last-completed fiscal year and receipts estimated to be collected in the current fiscal year and estimates of the receipts estimated to be collected in the ensuing fiscal year;
(3)
Itemized estimates of expenditures presenting in parallel columns the actual expenditures for each department, office, agency or activity during the last fiscal year, the amount estimated to be expended in the current fiscal year and the amount estimated to be expended in the next fiscal year;
(4)
As a separate report thereto, a program previously considered and approved by the Planning and Zoning Board, a budget of proposed capital projects for the ensuing fiscal year and for the four fiscal years thereafter. Estimates of the costs of such projects shall be submitted by each department, office or agency of the City government annually as directed by the Mayor. The Mayor shall recommend those capital projects to be undertaken during the ensuing fiscal year and the methods of financing the same.