[R.O. 1997 § 140.090; Ord. No. 21 § 1, 9-1-1995; Ord. No. 412 § 1, 3-9-1998]
The fiscal year of the City of Wildwood
shall begin on the first day of January of each year. The City's accounting
records and its annual budget shall be based on such fiscal year.
[R.O. 1997 § 140.100; Ord. No. 21 § 3, 9-1-1995; Ord. No. 1075 § 1, 5-10-2004]
The City Administrator shall serve
as the Budget Officer as required by Section 67.020, RSMo. The Budget
Officer shall compile a budget containing estimates of the revenues
available before the beginning of the fiscal year to which it applies
together with the recommended expenditures for the municipality and
all of its boards, commissions and departments. The budget shall be
submitted to the City Council, which shall adopt a budget prior to
January 1 of each year.
[R.O. 1997 § 140.110; Ord. No. 21 § 4, 9-1-1995]
Copies of the proposed annual budget
shall be made available for public inspection in printed or typewritten
form in the office of the Clerk for at least ten (10) days prior to
the passage of the full-year annual budget. Not less than one (1)
week after the budget is available for inspection, and prior to final
action on the budget, at least one (1) public hearing shall be held
on the budget by the City Council. Notice of this hearing shall be
given by publication in a newspaper having general circulation in
the City at least one (1) week prior to the time of hearing.
[R.O. 1997 § 140.120; Ord. No. 21 § 5, 9-1-1995]
A.
The annual budget shall present a complete
financial plan for the ensuing budget year, and shall include at least
the following information:
1.
A budget message describing the important
features of the budget and major changes from the preceding year;
2.
Estimated revenues to be received
from all sources for the budget year, with a comparative statement
of actual or estimated revenues for the two (2) years next preceding,
itemized by year, fund, and source;
3.
Proposed expenditures for each department,
office, commission, and other classification for the budget year,
together with a comparative statement of actual or estimated expenditures
for the two (2) years next preceding, itemized by year, fund, activity,
and object;
4.
The amount required for the payment
of interest, amortization, and redemption charges on the debt of the
political subdivision; and
5.
A general budget summary.
[R.O. 1997 § 140.130; Ord. No. 21 § 6, 9-1-1995]
In no event shall the total proposed
expenditures from any fund exceed the estimated revenues to be received
plus any unencumbered balance or less any deficit estimated for the
beginning of the budget year; provided, that nothing herein shall
be construed as requiring any political subdivision to use any cash
balance as current revenue or to change from a cash basis of financing
its expenditures.
[R.O. 1997 § 140.140; Ord. No. 21 § 7, 9-1-1995]
The City Council may delegate authority
to heads of municipal departments, boards or commissions to delete,
add to, or change items previously budgeted to the department, board
or commission, subject to such limitation or requirement for prior
approval by the City Administrator as the City Council upon a three-fourths
(3/4) vote of the members may establish. The annual budget may be
revised by a vote of three-fourths (3/4) of the City Council by deleting,
adding to or changing budgeted items. No revision of the budget shall
be made increasing the budget in the event funds are not available
to effectuate the purpose of the revision, and any increase in the
total amount of expenditures for any fund shall be effected only after
setting forth the facts and reasons for such change.
[R.O. 1997 § 140.150; Ord. No. 21 § 8, 9-1-1995; Ord. No. 951 § 1, 4-28-2003]
A.
Budget transfers within a department shall
follow the following procedure:
1.
Heads of departments may make transfers
within their departmental budget up to five hundred dollars ($500.00)
with prior approval by the Finance Director.
2.
Transfers within departmental budgets
over five hundred dollars ($500.00) may be made only with prior approval
by the Finance Director and City Administrator; provided that the
approval of the majority of the members of the Council shall be required
to increase the total expenditures budgeted for any department.
[R.O. 1997 § 140.160; Ord. No. 21 § 9, 9-1-1995]
Any and all transfers between departments
shall be approved prior thereto by a majority of the members of the
City Council.
[R.O. 1997 § 140.170; Ord. No. 21 § 10, 9-1-1995]
Any and all transfers from contingency
accounts shall be approved prior thereto by a majority of the members
of the City Council.
[R.O. 1997 § 140.180; Ord. No. 21 § 11, 9-1-1995]
It shall be the responsibility of
the Finance Director to prepare a budget report, said budget report
to contain revenues, expenditures, transfers within departments and
from contingencies; said budget report shall be submitted to the City
Council at least quarterly.
[R.O. 1997 § 140.190; Ord. No. 21 § 12, 9-1-1995]
As soon as practical after the close
of each fiscal year, and no later than six (6) months thereafter,
there shall be an audit of all accounts of the City, made by a public
accountant certified by the State of Missouri and approved by the
City Council. Copies of such audit shall be filed with the City Clerk
and in such other places as may be required by law.
