[Ord. No. 7493, 8-26-2021]
The Board of Aldermen may revise, alter, increase or decrease the items contained in the budget proposed by the budget officer, 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 a 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. The expenditure orders, motions, resolutions, or ordinances approved or adopted, and the transfers made as provided herein, shall constitute the authorization for the expenditure of money for the budget year. No expenditure of public moneys shall be made unless it is so authorized.
[Ord. No. 7493, 8-26-2021]
If at the beginning of any fiscal year the Board of Aldermen has not approved or adopted the budget and the expenditure orders, motions, resolutions, or ordinances required herein for the current fiscal year, and except as otherwise provided by law, the several amounts authorized in the expenditure orders, motions, resolutions, or ordinances for the next preceding fiscal year for the objects and purposes specified therein, so far as the same shall relate to operation and maintenance expenses, shall be deemed to be reappropriated for the several objects and purposes specified in said expenditure orders, motions, resolutions, or ordinances, until such time as the budget and the expenditure orders, motions, resolutions, or ordinances for the current fiscal year are approved or adopted.
[Ord. No. 7493, 8-26-2021]
A. 
After the Board of Aldermen has approved the budget for any fiscal year and has approved or adopted the orders, motions, resolutions, or ordinances required to authorize the payment of expenditures proposed in the budget, the total amount authorized for expenditure from any fund shall not increase unless the Board of Aldermen shall adopt a resolution or ordinance setting forth the facts and reasons making the increase necessary, and approves or adopts an order, motion, resolution or ordinance to authorize the expenditures.
B. 
While all appropriations and related encumbrances shall lapse at the end of each fiscal year, all contractual obligations of the City whose performance cannot be completed by the City within the current fiscal year but for which funds have been appropriated by the Board of Aldermen and for which performance under a contract is expected in future years shall remain appropriated in the ensuing budget year so long as the total authorized expenditures from any fund do not exceed the estimated revenues to be received by that fund plus any unencumbered balance or less any deficit estimated for the beginning of the ensuing budget year, and shall be included by the City's budget officer in the proposed budget or budget amendment of the ensuing fiscal year. The term "encumbrance" shall mean the authorization for the expenditure of money for a budgeted item for goods or services.