[R.O. 1996 §§ 135.020, 135.030]
A. 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.
B. The annual budget shall present a complete financial plan
for the ensuing fiscal year and shall include at least the following
information:
1.
A budget message describing the important features
of the budget and major changes from the preceding year;
2.
Estimated revenues to be received from all sources
for the budget year, with a comparative statement of actual or estimated
revenues for the two (2) years next preceding, itemized by year, fund
and source;
3.
Proposed expenditures for each department, office,
commission, and other classification for the budget year, together
with a comparative statement of actual or estimated expenditures for
the two (2) years next preceding, itemized by year, fund, activity
and object;
4.
The amount required for the payment of interest,
amortization and redemption charges on the debt of the City; and
5.
A general budget summary.
C. In no event shall the total proposed 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, provided that nothing herein shall be construed as requiring
the City to use any cash balance as current revenue or to change from
a cash basis of financing its expenditures.
[R.O. 1996 § 135.050]
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.
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.