[R.O. 1997]
The fiscal year of the City shall
begin on the first day of July and end on the last day of June, unless
otherwise set by ordinance.
[R.O. 1997]
The budget shall provide a complete
financial plan of all City funds and activities for the ensuing fiscal
year and, except as required by law or this Charter, shall be in such
form as the City Administrator deems desirable or the City Council
may require. The budget shall indicate in separate Sections:
(1)
Proposed expenditures for current operations
during the ensuing fiscal year and the method of financing such expenditures
and
(2)
Proposed capital expenditures during the
ensuing fiscal year and the proposed method of financing each such
capital expenditure.
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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. Nothing herein shall be construed as
requiring the City to use any cash balance as current revenue, or
to change from a cash basis of financing its expenditures.
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[R.O. 1997; Ord. No. 1567 §§ 1—2, 10-27-2008, passed in election 4-7-2009]
A.
The capital improvement program shall include:
(1)
A clear general summary of the contents,
(2)
A list of all capital improvements
proposed to be undertaken during the five fiscal years next ensuing,
with appropriate supporting information as to the necessity for such
improvements,
(3)
A cost estimate, a method of financing
and a recommended time schedule for each such improvement, and
(4)
The estimated annual cost of operating
and maintaining the facilities to be constructed or acquired.
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The above information shall be revised
and extended each year with regard to the capital improvements still
pending or in process of construction or acquisition.
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B.
Certain Capital Expenditures—Voter
Approval Required. No expenditures funded by City revenues raised
by City taxes and fees and exceeding a total project cost to the City
of three million five hundred thousand dollars ($3,500,000.00) shall
be made for the construction or reconstruction of a capital improvement
(exclusive of streets and public transit) until such expenditures
are approved by the voters of the City. If a majority of the voters
are in favor of the question, the City Council may, subject to the
provisions of the Charter and applicable ordinances, spend or authorize
such expenditures. In response to an emergency or natural disaster,
submittal to the voters shall not be required for expenditures to
repair, replace or build capital improvements that the Council deems
necessary for the immediate protection of the health, safety and welfare
of the public. The limitation on expenditures provided for in this
Section shall be increased or decreased on an annual basis effective
January first of each calendar year in accordance with the Implicit
Price Deflator for Personal Consumption Expenditures as published
by the Bureau of Economic Analysis of the United States Department
of Commerce or such other nationally recognized and conveniently available
commodity or consumer price index as may be approved by the City Council
by ordinance.
[Ord. No. 2311, 10-23-2017, passed in election 4-3-2018]
[R.O. 1997]
In such time-frame as established
by ordinance, but not less than forty-five (45) days prior to the
beginning of each fiscal year, the City Administrator shall submit
to the Mayor and the City Council the proposed budget and capital
improvement program.
[R.O. 1997]
(a)
Public Hearing. After appropriate notice,
a public hearing on the proposed budget shall be held prior to its
adoption.
(b)
Amendment Before Adoption. After the public
hearing, the City Council may approve the budget and capital improvement
program with or without amendment. In amending the budget and/or the
capital improvement program, the City Council may add or decrease
programs or amounts, except expenditures required by law or for debt
service.
(c)
Adoption. The budget and the capital improvement
program shall be adopted by ordinance on or before the last day of
the fiscal year currently ending. If the budget is not adopted by
this date, the amounts appropriated for current operation for the
current fiscal year shall be deemed adopted for the ensuing fiscal
year on a month-to-month basis, with all items in it prorated accordingly,
until such time as the City Council adopts a budget for the ensuing
fiscal year. Adoption of the budget shall constitute appropriation
of the amounts specified therein as expenditures from the funds indicated.
[R.O. 1997]
Copies of the budget and capital
improvement program as adopted shall be public records and shall be
made available to the public at City Hall and other suitable places
in the City.
[R.O. 1997]
(a)
Supplemental Appropriation. If during the
fiscal year the City Administrator certifies that there are available
for appropriation revenues in excess of those estimated in the budget,
the City Council by ordinance may make supplemental appropriation
for the year up to the amount of such excess.
(b)
Reduction Of Appropriation. If at any time
during the fiscal year it appears probable to the City Administrator
that the revenues available will be insufficient to meet the amount
appropriated, the City Administrator shall report to the City Council
without delay, indicating the estimated amount of the deficit, any
remedial action taken and recommendations as to any other steps to
be taken. The City Council shall then take such further action as
it deems necessary to prevent or minimize any deficit, and for that
purpose it may by ordinance reduce one or more appropriations.
(c)
Transfer Of Appropriations. At any time
during the fiscal year, the City Administrator with the approval of
the City Council may transfer part or all of any unencumbered appropriation
balance among departments within a fund and, upon written request
by the City Administrator, the City Council may by ordinance transfer
part or all of any unencumbered appropriations balance from one fund
to another.
[R.O. 1997]
Taxes shall be levied by ordinance
in accordance with law.
[R.O. 1997]
The City shall be authorized to sell
any bonds as may now or hereafter be authorized by law. Bonds sold
by the City may be sold at private or public sale authorized by law.
In the event such bonds are to be sold at public sale, the same shall
be sold upon sealed proposals after reasonable public notice has been
given as provided by ordinance or otherwise by law. Any public sale
shall be conducted according to such terms and conditions as may be
provided by ordinance.
[R.O. 1997]
The investment objective of the City
shall be the safety of the principal and each investment shall seek
first to insure that capital losses are avoided, whether from securities
default or erosion of market value.
[R.O. 1997]
The City Council shall provide for
an independent audit of all City accounts at least annually. Such
audits shall be made by a certified public accountant or firm of such
accountants having no personal interest, direct or indirect, in the
fiscal affairs of the City or any of its officers. A copy shall be
kept in the City Clerk's office and shall be open to public inspection.
No certified public accountant or firm shall conduct the audit for
more than four (4) consecutive years without competitive rebidding.
[R.O. 1997]
(a)
Report To Public. A fiscal report shall
be published semiannually in one (1) or more newspapers or publications
of general circulation in the City.
(b)
Report To City Council. A current fiscal
report shall be provided quarterly, or more frequently if required
by ordinance, to each member of the City Council. The fiscal report
shall include actual revenue and expenditures compared to budgeted
amounts.
[R.O. 1997]
It shall be the fiscal policy of
the City to conserve public moneys while efficiently providing municipal
services or infrastructure, to operate the City with a minimum of
bureaucracy, and to provide government services by contract with private
providers when feasible and appropriate. The City should consider
the viability, quality, and cost effectiveness of contracting for
all new major services prior to providing such services directly by
City employees, provided no ordinance may be invalidated based upon
failure to comply with this provision.
