[R.O. 2011 §135.010; CC 1974 §22.010]
The Fiscal Year of this City shall begin on July first (1st)
and end on June thirtieth (30th) of the next succeeding year.
[R.O. 2011 §135.020; CC 1974 §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, on file in the
office of the City Clerk.
[R.O. 2011 §135.030; CC 1974 §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 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.
[R.O. 2011 §135.040; CC 1974 §22.120]
The Budget Officer for this 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.
[R.O. 2011 §135.050; CC 1974 §22.130]
The Budget Officer shall prepare the City budget under the direction
of the Mayor. The Mayor shall concur in the budget prior to its submission
to the Board of Aldermen.
[R.O. 2011 §135.060; CC 1974 §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.
[R.O. 2011 §135.070; CC 1974 §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. 2011 §135.080; CC 1974 §22.160]
A.
The
Budget Officer shall prepare the City Budget in accordance with the
following calendar:
1.
In January of each year, the Budget Officer will collect the data
necessary, and make preliminary revenue estimates for the coming fiscal
year. He/she will estimate expenditures for the present year, and
note expenditures and revenues for the previous two (2) fiscal years.
2.
In February of each year, the Budget Officer will request from each
City Officer a statement of expenditures requested for the coming
fiscal year.
3.
In March of each year, the Budget Officer will review the departmental
requests and make his/her final revenue estimates for the coming fiscal
year, and will confer with department heads to discuss these requests.
4.
In April of each year, the Budget Officer will begin assembling the
City Budget.
5.
In May of each year, the Budget Officer will confer with the Mayor
and any such other Officers as the Mayor may designate, for preparation
of the City Budget for the next fiscal year to be submitted to the
Board of Aldermen.
6.
The Budget shall be submitted to the Board of Aldermen at the regular
meeting in June.
