[R.O. 1994 § 130.040; Ord. No.
88-25 § 4, 10-11-1988; Ord. No. 2000-07 § 2, 3-28-2000]
The Budget Committee shall be composed of the Mayor, two (2)
Aldermen and two (2) citizen representatives. All members will be
appointed annually by the Mayor with the Board of Aldermen approval.
[R.O. 1994 § 130.070; Ord. No.
88-25 § 7, 10-11-1988]
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.
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.
[R.O. 1994 § 130.080; Ord. No.
88-25 § 8, 10-11-1988; Ord. No. 2000-07 § 3, 3-28-2000]
A. The annual budget of the City of Lake Ozark shall be prepared in
accordance with the following calendar:
1.
In June the City Administrator will agenda the budget discussion
for both regular June Board meetings. This will provide the Board
opportunity to discuss the upcoming year and programs they may wish
to expand, shrink or eliminate. Staff will use this discussion to
focus their departmental budget development.
2.
In July all department heads will gather information and assemble
budget requests for the upcoming year.
3.
In September department heads will meet with the City Administrator
to assemble a City-wide draft budget. A consensus of departments heads
on the entire budget is required prior to submitting the draft budget
to the Budget Committee.
4.
In October the Budget Committee will meet and review the staff's
draft budget and assembled supporting schedules. After review and
discussion a final draft budget shall be prepared for submission to
the Board of Aldermen.
5.
The budget shall be submitted to the Board of Aldermen at the
second regular meeting in November.
[R.O. 1994 § 130.090; Ord. No.
88-25 § 9, 10-11-1988]
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.
[R.O. 1994 § 130.100; Ord. No.
88-25 § 10, 10-11-1988]
In order to permit the proper budgeting of various departments,
and to assist in determining the actual cost of various City operations,
each City department is required to charge every other City department
for the use of man hours, equipment, tools and other supplies at their
cost to the City when "loaned" to the other department. These charges
shall be prepared on a form prepared by the City Clerk and City Accountant,
and shall result in "paper transfers" from one (1) department's budget
to another without an actual transfer of cash to the individual departments.