[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.
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. (RSMo. §67.040)
[CC 1986 § 22.170]
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.