[CC 1975 §22.100; Ord. No. 91-14 §22.100, 3-19-1991]
Prior to the commencement 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.
[CC 1975 §22.110; Ord. No. 91-14 §22.110, 3-19-1991]
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 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;
5. A general budget summary.
[CC 1975 §22.120; Ord. No. 91-14 §22.120, 3-19-1991; Ord. No. 04-50 §3, 8-3-2004]
The Budget Officer for the City shall be the City Administrator,
or such other person as the Mayor may designate. 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 submit the completed budget and supporting schedules
and exhibits to the Mayor, who shall present the same to the Board
of Aldermen.
[CC 1975 §22.130; Ord. No. 91-14 §22.130, 3-19-1991]
The Board of Aldermen shall by ordinance adopt the City budget.
[CC 1975 §22.140; Ord. No. 91-14 §22.140, 3-19-1991]
A. 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.
B. Debt
shall be limited as required by pertinent State law(s).
[CC 1975 §22.150; Ord. No. 91-14 §22.150, 3-19-1991; Ord. No. 12-09 §1, 3-20-2012]
A. The
City budget shall be prepared in accordance with the following calendar:
1. In December of each year, collection of data and formulation of preliminary
revenue estimates for the coming fiscal year. Actual revenues and
expenditures shall be noted for the previous two (2) fiscal years.
2. In January of each year, data will be collected and reviewed from
each department head regarding expenditures requested for the coming
fiscal year.
3. In February of each year, final revenue estimates for the coming
fiscal year will be made. All officers and department heads shall
have completed their input into the process.
4. In March of each year, the budget will be assembled and readied for
presentation to the Board of Aldermen, and the budget shall be submitted
to the Board of Aldermen for approval and passage at the first (1st)
regular meeting in April.
[CC 1975 §22.160; Ord. No. 91-14 §22.160, 3-19-1991]
To the maximum extent practicable, and to the extent it does
not conflict with State law, this Code, or other ordinance, the budget
shall be prepared in accordance with generally accepted accounting
principles.