The city manager shall have the power to appoint a chief financial officer and director of finance to have supervision over the department of finances and to administer the financial affairs of the city, including the levy, assessment and collection of taxes, or other revenues, and the custody and disbursement of city funds and money.
(Ordinance 34-2020, sec. 4(Meas. 1), adopted 6/16/20, ref. 11/3/20)
The chief financial officer and director of finance shall keep accounts showing the financial transactions for all city departments, divisions and offices.
Forms for such accounts shall be prescribed by the director of finance and shall be adequate to record all cash receipts and disbursements, all revenues accrued and liabilities incurred, and all transactions affecting the acquisition, custody and disposition of values, and to make such reports of the financial condition and transactions of the city as may be required by the city manager or city council.
(Ordinance 34-2020, sec. 4(Meas. 1), adopted 6/16/20, ref. 11/3/20)
Prior to the end of each fiscal year the city manager shall prepare and submit to the city council a budget of the expenditures and revenues of all city departments, divisions, and offices for the next ensuing fiscal year. In the preparation and submission of such budget the city manager shall be governed by the general laws of the State of Texas, relating to the preparation and submission of budgets by cities and towns of the State.
The city council shall provide a reasonable number of copies of the budget for distribution to citizens who may request copies thereof. Copies shall be furnished in accordance with the laws of the State of Texas.
(Ordinance 34-2020, sec. 4(Meas. 2), adopted 6/16/20, ref. 11/3/20)
Upon receipt of the budget estimate the city council shall prepare an appropriation ordinance using the manager’s estimate as a basis. Provision shall be made for public hearings on the proposed appropriations ordinance before the city council sitting as a committee of the whole.
Before the annual appropriation ordinance has been passed the city council may make appropriations for current expenses of the city, chargeable to the appropriations of the year when passed to an amount sufficient to cover the necessary expenses of various departments, divisions and offices until the annual appropriation ordinance is in force.
No other liabilities shall be incurred by any officer or employee of the city, except in accordance with the provisions of the annual appropriation ordinance, or under continuing contracts and loans authorized under the provisions of this Charter.
The city council may transfer any part of an unencumbered balance of an appropriation to a purpose or object for which the appropriation for the current year has proved insufficient or may authorize a transfer to be made between items appropriated to the same office, department or divisions, where not in contravention of the constitution and laws of this State or other provisions of this Charter.
Any accruing revenue of the city, not appropriated as hereinbefore provided and any balance remaining after the purposes of the appropriation shall have been satisfied or abandoned, may be appropriated by the city council to such uses as will not conflict with any uses for which specifically such revenues accrued, and where not in conflict with the constitution and laws of this State, or other provisions of this Charter.
(Ordinance 34-2020, sec. 4(Meas. 1), adopted 6/16/20, ref. 11/3/20)
No money shall be drawn from the treasury of the city, nor shall any obligation for the expenditure of money be incurred, except pursuant to appropriations made by the city council.
At the close of each fiscal year the unencumbered balance of each appropriation shall revert to the fund from which it was appropriated and shall be subject to future appropriations. Appropriations may be made in furtherance of improvements or other objects or works of the city which will not be completed within the current year.
(Ordinance 34-2020, sec. 4(Meas. 1), adopted 6/16/20, ref. 11/3/20)
Not later than one (1) week after the passage of the appropriation ordinance the city council shall by ordinance levy such taxes as may be necessary to meet the appropriations made (less the estimated amount of revenue from other sources), and to provide all sums required by this Charter to be raised on account of the bonded indebtedness of the city and for all other purposes. In fixing such tax rate the city council shall designate what portion of the total is for such bonded indebtedness, and shall also designate what portions of the total are levied for other specific purposes.
The portion of the tax rate designated for the city’s bonded indebtedness shall be adequate to provide sufficient revenue to meet the requirements of interest and provide the necessary sinking fund to pay the principal of such bonds at maturity.
Any tax payer of the city or holder of any bonds of said city may file suit in the district court of Wichita County to enforce the foregoing requirements, and, if upon such suit, it be found that the portion of the tax rate for the bonded indebtedness is inadequate the court shall order and fix an adequate rate as provided. If in any year the revenue from taxation shall be inadequate to meet the requirements of interest and provide the necessary sinking fund of such bonded indebtedness for such year, the city council shall by revision of its appropriations for general city purposes provide sufficient funds to meet any such deficiency, and any taxpayer or holder of any of its bonds may file suit in the court above mentioned to compel the city council to carry out this requirement.
(Ordinance 34-2020, sec. 4(Meas. 1), adopted 6/16/20, ref. 11/3/20)