[R.O. 2006 §145.080; CC 1986 §22.170]
The budget shall be prepared to the maximum extent practicable
to comply with generally accepted accounting principles.
[R.O. 2006 §145.070; CC 1986 §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.
[RSMo. §67.030]
The Board of Aldermen may revise, alter, increase or decrease
the items contained in the proposed budget, subject to such limitations
as may be provided by law; provided, that in no event shall the total
authorized expenditures from any fund exceed the estimated revenues
to be received plus any unencumbered balance or less any deficit estimated
for the beginning of the budget year. Except as otherwise provided
by law, the Board of Aldermen shall, before the beginning of the fiscal
year, approve the budget and approve or adopt such orders, motions,
resolutions or ordinances as may be required to authorize the budgeted
expenditures and produce the revenues estimated in the budget.
[RSMo. §67.040]
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 Board of Aldermen 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.