[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.