[CC 1985 §22.100]
Prior to the commencement of each fiscal year, a budget for
the City shall be prepared, and the same will be presented to and
approved by the Board of Aldermen. The format of the budget shall
be that illustrated by Appendix I, on file in the City offices.
[CC 1985 §22.110]
A.
The annual
budget shall present a complete financial plan for the next fiscal
year. The following shall be included in the budget:
1.
A budget
message to describe the important features of the budget and to point
out any major changes from the previous year.
2.
An estimate
of revenues which are expected to be received during the next year
from all sources, plus a comparative statement of the revenues for
the previous two (2) budget years. These comparisons shall be shown
by year, fund, and source.
3.
An estimate
of the expenditures that are proposed to be spent during the budget
year, plus a comparative statement of actual expenditures for the
previous two (2) years. These comparisons should be shown by year,
fund, activity and object.
4.
The
amount of money required to pay any interest, amortization, or redemption
charges which the municipality will owe during the budget year.
5.
A general
summary of the total proposed budget.
[CC 1985 §22.120]
The Budget Officer for this City shall be the City Clerk. It
is the responsibility of the Budget Officer to prepare the budget
after reviewing expenditure requests and revenue estimates with other
City Officers. The Budget Officer shall submit the completed budget
and supporting schedules and exhibits to the Mayor, who shall present
the same to the Board of Aldermen.
[CC 1985 §22.130]
The Budget Officer shall prepare the City budget under the direction
of the Mayor. The Mayor shall concur in the budget prior to its submission
to the Board of Aldermen.
[CC 1985 §22.140]
Expenditure estimates in the budget shall not be larger in amount
than the total anticipated revenue for the budget year, plus any surplus
from the previous year or less any deficit from the previous year.
[CC 1985 §22.150]
The City shall not incur any debts which aggregate an amount
greater than the anticipated revenues for the budget year, without
the approval of the voters of the City, as required by law.
[CC 1985 §22.160]
A.
In January
of each year, the Budget Officer will collect the data necessary,
and make preliminary revenue estimates for the coming fiscal year.
He/she will estimate expenditures for the present year, and not expenditures
and revenues for the previous two (2) fiscal years.
B.
In February
of each year, the Budget Officer will request from each City Officer
a statement of expenditures requested for the coming fiscal year.
C.
In March
of each year, the Budget Officer will review the departmental requests
and make his/her final revenue estimates for the coming fiscal year,
and will confer with Department heads to discuss these requests.
D.
In April
of each year, the Budget Officer will begin assembling the City budget.
E.
In May
of each year, the Budget Officer will confer with the Mayor and any
such other officers as the Mayor may designate, for preparation of
the City budget for the next fiscal year to be submitted to the Board
of Aldermen.
F.
The budget
shall be submitted to the Board of Aldermen as the regular meeting
in June.
