The fiscal year of the City shall be as established by the Council
by ordinance from time to time.
(a)
At least ninety (90) days prior to the beginning of each fiscal year,
the Manager shall submit to the Council a budget and accompanying
message. The budget shall provide a complete financial plan for the
ensuing fiscal year. The budget shall be in such form as the Manager
deems desirable or as may be required by ordinance, and shall be in
accordance with accepted principles of municipal budgeting.
(b)
At least ninety (90) days prior to the beginning of each fiscal year,
the Manager shall submit to the Council a capital program for the
three (3) fiscal years ensuing, including a list of all proposed capital
improvements, with appropriate supporting information, cost estimates,
method of financing, time schedules and the estimated annual cost
of operating and maintaining the proposed facilities. The program
shall be reviewed and extended each year.
(c)
The Council shall hold a public hearing on the proposed budget, after
appropriate public notice, prior to adoption of the budget.
(d)
The Council may adopt the budget with or without amendments, and
may add, increase, delete or decrease any program or amounts, except
for expenditures required by law, provided that the total proposed
expenditures shall not exceed the total anticipated revenues.
(e)
The budget shall be adopted by the affirmative vote of a majority
of the members of the Council not later than three (3) days prior
to the end of the fiscal year. If the Council fails to adopt the budget
by this date, amounts appropriated for current operations for the
current fiscal year shall be deemed adopted for the ensuing fiscal
year on a prorated month-to-month basis until the Council shall adopt
a budget.
(f)
Adoption of the budget shall constitute an appropriation of the amounts
specified therein as expenditures.
(g)
The Council may by ordinance make supplemental appropriations if
the Manager certifies that funds will be available for such expenditures.
(h)
The Manager may transfer all or any part of any unencumbered appropriation
balance among programs within a department. The Council may by ordinance
transfer part or all of an unencumbered appropriation balance from
one (1) department to another.
(i)
All appropriations shall lapse at the end of the fiscal year to the
extent that they shall not have been spent or lawfully encumbered.
(j)
Monies held in the reserve fund or in the unallocated surplus account
shall be transferred or encumbered only by the Council.
Taxes as authorized by law shall be levied by the Council by
ordinance.
