An audit of the books of account of the city shall be made and filed annually in accordance with V.T.C.A., Local Government Code, chapter 103. The annual financial statement, together with the auditor’s opinion thereon, shall be filed in the office of the city secretary within one hundred twenty (120) days of the close of the fiscal year and shall be a public record.
(1987 Code, ch. 1, sec. 14)
The budget officer shall annually prepare a budget to cover all proposed expenditures of the government of the city for the succeeding year, in accordance with V.T.C.A., Local Government Code, chapter 102.
(1987 Code, ch. 1, sec. 13(B))
The budget shall show all expenditures proposed and shall be carefully itemized so as to make as clear a comparison as practicable between expenditures included in the proposed budget and actual expenditures for the same or similar purposes for the preceding year. The budget must also show as definitely as possible each of the various projects for which appropriations are made in the budget and the budgeted sums for each of such projects. The budget shall also contain a complete financial statement of the city showing all outstanding obligations of the city, the cash on hand to the credit of each and every fund, and funds received from all sources during the previous year, the estimated revenue available to cover the proposed budget, and the estimated rate of tax which will be required.
(1987 Code, ch. 1, sec. 13(C))
The city administrator shall have the authority to require any officer or employee or other unit of the city government to furnish such information as may, in the city administrator’s discretion, be necessary to afford proper preparation of the proposed budget.
(1987 Code, ch. 1, sec. 13(D))
The budget shall be filed with the city secretary not less than thirty (30) days prior to the time the council makes its tax levy for the current fiscal year.
(1987 Code, ch. 1, sec. 13(E))
A public hearing shall be held, and the budget adopted thereafter by the city council shall be filed with the county clerk. Notice of the required public hearing shall be published not more than thirty (30) nor less than ten (10) days before such hearing.
(1987 Code, ch. 1, sec. 13(G))
Amendments to the budget shall only be made by order of the city council. A copy of all such orders shall be filed with the city secretary and attached to the budget originally adopted. Budget amendments shall be filed with the county clerk.
(1987 Code, ch. 1, sec. 13(H))