[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.