[CC 1990 §110.010; CC §22.010]
The fiscal year of this City shall begin on July 1, and end on June 30 of the next succeeding year.
[CC 1990 §110.020; CC §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. The format of the budget shall be that illustrated by Appendix I to this Chapter (which is on file in the office of the City Clerk).
[CC 1990 §110.030; CC §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) years budget years. These comparisons shall be shown by year, fund and source.
3. 
An estimate of expenditures for each department, office, commission and other classification that are proposed to be spent during the budget 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.
[CC 1990 §110.040; CC §22.120]
The Finance Committee of the Board of Aldermen under direction of the budget officer shall prepare the budget after reviewing expenditure requests and revenue estimates with City Officers. The Finance Committee shall submit a completed budget and supporting schedules and exhibits to the Board of Aldermen.
[CC 1990 §110.050; CC §22.130]
The Board of Aldermen shall by ordinance adopt the City Budget July 1.
[CC 1990 §110.060; CC §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.
After the City has approved the budget for any year and has approved or adopted the orders, motions, resolutions, or ordinances required to authorize the expenditures proposed in the budget, the City shall not increase the total amount authorized for expenditure from any fund, unless the governing body adopts a resolution setting forth the facts and reasons making the increase necessary and approves or adopts an order, motion, resolution or ordinance to authorize the expenditures.