In no event shall the total proposed expenditures for any fund
defined by City ordinances exceed the estimated revenues to be received.
Revenue estimates shall be adjusted to reflect any unencumbered or
undesignated balance from the previous year or any deficit balance
estimated for the beginning of the fiscal year.
| |
On a monthly basis a report shall be generated and submitted
to the Council comparing actual income and expenditures to income
and expenditure projections in the budget.
[Ord. No. 2518 §1(H), 8-21-2002, passed by a vote
on November 5, 2002] |