[R.O. 1991 § 150.020; CC 1978 § 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.
[R.O. 1991 § 150.030; CC 1978 § 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 fiscal 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.
[R.O. 1991 § 150.040; CC 1978 § 22.120; Ord. No. 17-1178, 8-8-2017]
The City Administrator shall be the
Budget Officer for the City. All officers and employees shall cooperate
with and provide to the Budget Officer such information and such records
as he shall require in developing the budget. 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 present the completed budget and supporting schedules
and exhibits and other explanatory material as may be necessary for
the proper understanding of the financial needs and position of the
political subdivision, to the Mayor and Board of Aldermen. The Budget
Officer shall submit at the same time complete drafts of such orders,
motions, resolutions, or ordinances as may be required to authorize
the proposed expenditures and produce the revenues necessary to balance
the proposed budget.
[R.O. 1991 § 150.050; CC 1978 § 22.130; Ord. No. 17-1178, 8-8-2017[1]]
The Budget Officer shall prepare
the City Budget under the direction of the Mayor and Board of Aldermen.
[1]
Editor's Note: Ord. No. 17-1178 also changed
the title of this Section from "Mayor To Supervise" to " Mayor And
Board Of Aldermen To Supervise."
[R.O. 1991 § 150.060; CC 1978 § 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; 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. 1991 § 150.070; CC 1978 § 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.
[R.O. 1991 § 150.080; CC 1978 § 22.160; Ord. No. 17-1178, 8-8-2017]
The budget shall be submitted to
the Board of Aldermen at the regular meeting in February.
