The Fiscal Year of the City shall begin on the first (1st) day
of January and end on the last day of December.
On or before the first (1st) day of November of each year, the
Manager shall submit to the Council a budget for the ensuing fiscal
year and an accompanying message.
The Manager's message shall explain the budget both in fiscal
terms and in terms of the work programs. It shall outline the proposed
financial policies of the City for the ensuing fiscal year, describe
the important features of the budget, indicate any major changes from
the current year in financial policies, expenditures, and revenues
together with the reasons for such changes, summarize the City's debt
position and include such other material as the Manager deems desirable.
The budget shall provide a complete financial plan of all City
funds and activities for the ensuing fiscal year and except as required
by law or this Charter, shall be in such form as the Manager deems
desirable or the Council may require. In organizing the budget the
Manager shall utilize the most feasible combination of expenditure
classification by fund, organization unit, program, purpose or activity,
and object. It shall begin with a clear general summary of its contents;
shall show in detail all estimated income, indicating the proposed
property tax levy, and all proposed expenditures, including debt service,
for the ensuing fiscal year; and shall be so arranged as to show comparative
figures for actual and estimated income and expenditures of the current
fiscal year and actual income and expenditures of the preceding fiscal
year. It shall indicate in separate sections:
1. Proposed expenditures for current operations during the ensuing fiscal
year, detailed by offices, departments and agencies in terms of their
respective work programs, and the method of financing such expenditures.
2. Proposed capital expenditures during the ensuing fiscal year, detailed
by offices, departments and agencies when practicable, and the proposed
method of financing each such capital expenditure.
3. The total of proposed expenditures shall not exceed the total of
estimated income.
Copies of the budget and the capital program as adopted shall
be in public records and shall be made available to the public at
suitable places in the City.
Every appropriation, except an appropriation for a capital expenditure,
shall lapse at the close of the fiscal year to the extent that it
has not been expended or encumbered. An appropriation for a capital
expenditure shall continue in force until the purpose for which it
was made has been accomplished or abandoned; the purpose of any such
appropriation shall be deemed abandoned if three (3) years pass without
any disbursement from or encumbrance of the appropriation.