The fiscal year of the City shall begin on the first day of October and shall end on the last day of September of the next following calendar year. Such fiscal year shall also constitute the budget and accounting year. The City Commission shall have the power to change the dates of the fiscal year as herein defined, after published notice and a public hearing.
(Amended by Ordinance 13-31 at an election held on November 5, 2013, amendment no. 3)
The City Manager, at least thirty (30) days prior to the beginning of each fiscal year, shall submit to the City Commission a proposed budget, which budget shall provide a complete financial plan for the fiscal year and shall at least contain that required by law and the following:
1. 
A budget message, explanatory of the budget, which details shall contain an outline of the proposed financial policies of the City for the ensuing fiscal year, shall set forth any reasons for salient changes from the previous fiscal year in expenditure and revenue items. and shall explain all major changes in financial policy.
2. 
A consolidated funds flow statement, showing anticipated source of funds which shall at least consist of the following:
a. 
General fund resources (all general fund receipts except those received from sources of the following subparagraphs 2(c)–(j)),
b. 
Utility fund resources (all utility fund receipts except those received from sources of the following subparagraphs 2(c)–(j)),
c. 
Loans and notes payable resources (which at least indicates how much is credited to each fund),
d. 
Bond funds resources (indicating which fund is liable).
e. 
Other City, county, state and federal government resources (which at least indicates how much is debited to, each fund),
f. 
Other City, county, state and federal government funds resources,
g. 
Any other special resources (which at least indicates how much is debited to each fund),
h. 
Any other special fund resources,
i. 
Working assets resources (which at least indicates how much is allocated to each fund),
j. 
Working liabilities resources(which at least indicates how much is allocated to each fund), and showing disbursements of funds which shall at least consist of the following:
A. 
General fund expenditures (which are all general fund expenditures except those of the following subparagraphs 2(c)–(f), and which at least states amounts for operations expense excluding interest, for interest expense, for capital outlays, for loans and notes payment, and for bonds payment).
B. 
Utilities fund expenditures (which are all utility fund expenditures except those of the following subparagraphs 2(c)–(f), and which at least states amounts for operation expense excluding interest, for interest expense, for capital outlays, for loans and notes payment, and for bonds payment).
C. 
Loans and notes expenditures (which at least states amounts for operations expense, capital outlay, and any other specified expenditure for each fund).
D. 
Bonds expenditures (which at least states [amounts] for operations expense, capital outlay, and any other specified expenditure for each fund).
E. 
Expenditure of other [City], county, state, and federal government resources (which at least states amounts for operations expense, capital outlay and any other specified expenditure for each fund).
F. 
Other City, county, state and federal government funds expenditures (which at least states the same as noted in the previous subparagraph e).
G. 
Expenditures of any other special resources (which at least states the same as noted in the previous subparagraph e).
H. 
Any other special funds expenditures (which at least states the same as noted in the previous subparagraph e).
3. 
A statement of anticipated depreciation expenditures of all the City assets which in accords with acceptable accounting principles and which at least states amounts for general fund fix [fixed] assets depreciation expense, utilities fund fixed assets depreciation expense and any other funds fixed assets depreciation expense;
4. 
An analysis of property valuations.
5. 
An analysis of tax levy which includes tax levying ordinance.
6. 
Tax levies and tax collection by years for the five (5) proceeding years
7. 
A detail statement of at least all resources as stated in prior paragraph 2;
8. 
A detail statement of at least all expenditures as stated in prior paragraph 2; include a list of all capital improvements which are proposed to be undertaken during the five fiscal years next ensuing, with appropriate supporting information as to the necessity for such improvements;
9. 
A detail description of all debt, except current liability, outstanding, showing rate of interest, date debt incurred, maturity date, and a schedule of the requirements for the principal and interest of each type of debt.
The said Funds Flow Statement of prior paragraph 2, shall include as separate item each anticipated donation of funds and services to the City from whatever source, governmental or otherwise, whether such funds or services are disbursed or rendered by the donors or the City and whether or not the City is required by law to account for the same. If any funds or services not mentioned in the Funds Flow Statement are donated during the fiscal year, then the same shall be accounted for by amendment to such statement within thirty (30) days of each such donation. The term donation, as herein used, includes, but not exclusively, Federal Revenue Sharing, Emergency Employment Act and any other governmental or private payments to the City. The said Fund Flow Statement shall indicate all intrafund transfer totals separate of the totals for all resources and expenditures. For said Funds Flow Statement the total budgeted expenditures shall equal the total budgeted source of funds including any acceptable adjustments. However, this. [sic] said Funds Flow Statement may be altered and prepared where resources, excluding changes in current assets and liabilities, less expenditures shall equal change in current assets and liabilities including any acceptable accounting adjustments (At least one total for current asset change and one total for current liabilities changes shall be indicated.). The tax levying ordinance shall be established in accordance with Article V. This Section shall comply with Section 5.07.
(A.) 
SOURCE OF FUNDS
In preparing the budget, the City Manager shall place in parallel columns opposite the several items of Source of Funds the actual amount of each item for the current fiscal year, and the proposed amount for the ensuing year. The requirement shall be applicable for all sources of funds which are itemized in the budget, including consolidated funds flow statement.
(B.) 
EXPENDITURES
In preparing the budget, the City Manager shall place in parallel columns opposite the various items of expenditures; the actual amount of such items of expenditures for the last completed fiscal year, the estimated amount for the current fiscal year and the proposed amount for the ensuing fiscal year. This requirement shall be applicable for all expenditures which are itemized in the budget, including the consolidated funds flow statement. Some capital improvements expenditures for one year may not be or have been spent during another prior or current or ensuing year. However, such capital expenditure will be listed for the year spent.
The City Manager shall prepare a balance sheet statement for each fund and all funds combined stating the City’s assets, liabilities, and reserves and surplus and shall, along with the budget, submit these balance sheets to the City Commission. In preparing the balance sheets he shall place in parallel columns opposite the various items of assets, liabilities, and reserves and surplus: the actual accumulated amount of each item for the close of the last completed fiscal year, the estimated accumulated amount for the close of the current fiscal year, and the anticipated accumulated amount [for] the close of the ensuing fiscal year. Such balance sheet statements, in accordance with SECTION 5.07 shall for each fund and for funds combined at least, but not exclusive, indicate balances for cash account, any reserve fund cash, reserve funds other than cash, other current assets, fixed assets, accumulated interest bearing cash on deposit, securities, depreciation, current liabilities due within seven (7) months after date of balance, current liabilities due seven (7) months or later, debt (liability) which when first entered into by the City had final maturities of one to ten years, debt which when first entered into had final maturities greater than ten years, and reserves and surplus.
(A.) 
NOTICE AND HEARINGS
The City Commission shall notify the public in the manner prescribed by law of the time and place for public hearing on the Budget. The proposed budget and relevant material in its entirety shall be available in the manner prescribed to law to the public prior to adoption.
(B.) 
PUBLIC HEARING ON BUDGET:
At the time and place set forth in the notice required by SECTION 5.05 (A.) or at any time and place to which such public hearing shall from time to time be adjourned, the City Commission shall hold a public hearing on the budget submitted and all interested persons shall be given an opportunity to be heard for or against any item or the amount of any item therein contained.
(C.) 
ADOPTION WITH OR WITHOUT AMENDMENT:
After the public hearing, the City Commission by affirmative vote of a majority of all its members may adopt the budget with or without amendment. In amending the budget, the City Commission may insert new items to the budget, debate items of the budget, increase items of the budget, and/or decrease items of the budget, except items in the proposed expenditures fixed by law, but where it shall increase the total proposed expenditures, it shall also provide for an increase in the total anticipated source of funds to equal all proposed expenditures.
(D.) 
FINAL ADOPTION DATE:
The budget shall be finally adopted not later than fourteen (14) days prior to the expiration of the current fiscal year. If the City Commission fails to adopt the budget by this date, the amounts appropriated for the current operation for the current fiscal year with the current tax-levying ordinance shall be deemed adopted for the ensuing fiscal year on a month to-month basis, with all items prorated accordingly, until such time as the City Commission adopts a budget for the ensuing fiscal year.
(E.) 
BUDGET ESTABLISHES APPROPRIATIONS:
From the effective date of budget, the several amounts stated therein as purposed expenditures shall be and shall become appropriated to the several objects and purpose therein stated.
Provision shall be made in the annual budget and in the appropriation ordinance for a contingent appropriation in amount not more than three (3%) per cent of the total general fund budget resources, to be used in case of unforeseen items of expenditure for any fund. Such contingent appropriation shall be under the control of the City Manager and distributed by him, after approval of the City Commission. Expenditures from this appropriation shall be made only in case of established emergencies and a detailed account of such expenditures shall be recorded in the Minutes of the City Commission.
(A.) 
DEFINITIONS:
1. 
Cash account shall include cash on hand and on deposit, except, that cash on deposit which draws interest and that cash held in reserve fund as required by bond indenture and/or as required by any other term-loan agreement. All non reserve interest bearing cash on deposit, which may be withdrawn on any working day without forfeiting any of the accumulated daily interest up to withdrawal date, shall be included on the cash account.
2. 
Certificates of Deposit shall be considered as securities.
(B.) 
FINANCIAL LIMITATIONS FOR ALL FUNDS COMBINED:
1. 
For the close of the ensuing fiscal year the limitations are as follows:
a. 
The proposed total debt which when first credited to City liabilities accounts had final maturities within one to ten years, shall not be greater than ten (10%) per centum of the proposed total asset balance (Assets less accumulated depreciation).
b. 
The proposed positive increase in the total cash account balance from the beginning to the close of the ensuing fiscal year shall not be greater than twenty-five (25%) per centum of the proposed increase in the total expenditures from that estimated for current fiscal year to that proposed for the ensuing fiscal year.
c. 
The proposed total cash account balance shall not be less than ten (10%) per centum of the total proposed expenditures for the ensuing fiscal year plus only that portion of the proposed total current liabilities balance which shall be due within the seven months after the close of the ensuing fiscal year.
d. 
The proposed total current liabilities balance (includes that portion due within the seven months after the close of the ensuing fiscal year) shall not be greater than the proposed total cash account balance.
e. 
The proposed total securities account and interest bearing cash on deposit (savings) account balances shall not be greater than the proposed total asset accumulated depreciation account balance plus the proposed total balance of reserve funds as required by bond indenture and/or by any other term-loan agreement plus the proposed total utilities deposit and advance accounts balances.
2. 
Additional limitations are as follows:
a. 
No securities purchase and/or savings agreement shall commit City funds for a period greater than two years.
b. 
Every given single debt whose final maturities are more than ten (10) years shall be in the form of bonds.
c. 
Every given single debt whose final maturity date [is] greater than one (1) year, except for use for emergency; appropriations of SECTION 5.11 (B.) [5.09 (B.)], shall be only used to finance fixed assets and/or improvements to assets (capital improvements).
The previous limitations shall be in accordance with section 5.07 (A).
Any exemption of any or all of the limitations stated in this section 5.07 (B) shall be authorized by ordinance passed by an affirmative vote of a majority of the members of the City Commission and approved by a minority [sic] of the qualified voters of the City Voting it [in] the election called for the purpose of authorizing such exemption, in accordance with this Charter.
The ordinance shall at least state, in addition to information required by law, the limitation being exempted and the new limitation. Any new limitation, except for one which alters the previous limitation 2 [sic] shall not be enforced for more than four years. After expiration of new limitation, another ordinance shall be required to continue such expired new limitation or the limitation of this section 5.07 (B) which such expired new limitation exempted shall be enforced.
No limitation stated herein shall be transgressed without ordinance, authorizing such and being approved by qualified voters. The City Commission may adopt a budget which transgresses limitations stated in this section 5.07 (B) subject to final approval by qualified voters of an ordinance authorizing such transgressions. An election seeking approval of ordinance authorizing new limitations for the budget shall be held no later than one month after the first day of the ensuing fiscal year. If qualified voters fail to approve such ordinance, then the City Commission shall forthwith amend the budget to comply with limitations stated in this section 5.07 (B) and/or any new limitations already authorized by ordinance and approved by qualified voters and still enforced.
If any City financial report indicates any or all limitations of this section 5.07 (B) and/or any or all new limitations have been transgressed, then within the next three months after such report the City shall comply with such limitations found to have been transgressed.
In case of grave public necessity, emergency transgressions of the financial limitations of this section 5.07 (B) to meet unusual and unforeseen conditions, which could not, by reasonable diligent thought and attention, have been included in the original budget, may from time to time be authorized by the City Commission as amendments to the original budget. Once the emergency condition has subsided, the City shall forthwith comply with this section 5.07 (B).
(C.) 
FINANCIAL LIMITATIONS FOR EACH FUND:
This section shall be the same as section 5.07 (B), except for the following:
1. 
The proposed total debt balance (includes current liabilities) shall not be greater than fifty-five (55%) per centum of the proposed total assets balance (Assets less accumulated depreciation).
2. 
The limitation of section 5.07 (B) 1.a. shall be excluded from this section 5.07 (C).
3. 
Where it states “section 5.07 (B)”, it shall new [now] state it “section 5.07 (C)”.
4. 
For the general fund only the ordinance authorizing exemption of financial limitations shall be approved by qualified voters who are property taxpayers.
(D.) 
DEBT:
No given single debt shall be used to finance an asset whose life expectance is less than the final maturity date of said debt. Before approval of said debt by the City Commission or qualified voters, an opinion in writing of said asset’s life expectancy shall be made by the Consultant Engineer and such opinion shall be made public record.
(E.) 
GRANTS:
Acceptance by the City from any individual and/or any other organization who, for example, but not exclusive, is some form of agency, association, firm, company, and/or corporation and/or any other City, any county, and state and/or any federal governments of any form, a grant (source of funds) which requires matching funds from the City in excess of twelve (12%) per centum of the total general and utilities funds revenue for the fiscal year such grant is being offered shall be authorized by ordinance passed by an affirmative vote of a majority of the members of the City Commission and approved by a majority of the qualified voters of the City voting at the election called for the purpose of authorizing such a grant, in accordance with this Charter. If ordinance is approved, the applicable budget shall be amended in accordance with this Charter.
In case of grave public necessity, emergency acceptance of such grant to meet unusual and unforeseen conditions, which could not, by reasonable diligent thought and attention, have been included in the original budget, may from time to time be authorized by the City Commission as amendments to the original budget.
(F.) 
CLASSIFICATION OF ACCOUNTS:
The classification of revenue, expenditures and balance sheet accounts shall conform, unless stated differently in this Charter and as nearly as local conditions will permit, to the uniform classification as promulgated by the National Committee on Government Accounting or some other nationally accepted classification.
Copies of the budget, and balance sheet statements, as finally adopted, shall be filed with the person performing the duties of City Secretary and such other officials as may be designated by law. Copies of the final budget, and balance sheet statements shall be made available for the use and possession of all offices, departments, and agencies and for use and possession of all interested persons and civic organizations. Copies of the budget’s consolidated funds flow statement and the balance sheet statement for all funds combined, shall be made available for possession by the public interested in such within seventy-five (75) days after final adoption date. The budget, and balance sheet statement, as finally adopted, shall be made public record.
(A.) 
SUPPLEMENTAL APPROPRIATIONS:
If during the fiscal year the City Manager certifies that there are available for appropriation revenues in excess of those estimated in the budget, the City Commission, by ordinance, may make supplemental appropriations for the year up to the amount of such excess.
(B.) 
EMERGENCY APPROPRIATIONS:
In case of grave public necessity, emergency appropriations to meet unusual and unforeseen conditions affecting life, health, property, or the public peace, which could not, by reasonable diligent thought and attention, have included in the original budget, may from time to time be authorized by the City Commission as amendments to the original budget. Such authorization of emergency appropriations shall be made by emergency ordinance in accordance with the provisions of Section 2.13. To the extent that there are no available unappropriated revenues to meet such appropriations, the City Commission may by such emergency ordinance authorize, in accordance with Section 5.07, the issuance of emergency notes, which may be renewed from time to time in accordance with section 5.07.
(C.) 
REDUCTION OF APPROPRIATIONS:
If at any time during the fiscal year it appears probable to the City Manager that the revenues available will be insufficient to meet the amount appropriated, he shall report to the City Commission without delay, indicating the estimated amount of the deficit, any remedial action taken by him, and his recommendations as to any other step to be taken. The City Commission shall then take such further action as it deems necessary to prevent or minimize any deficit and for that purpose it may by ordinance reduce one or more appropriations.
(D.) 
TRANSFER OF APPROPRIATIONS:
At any time during the fiscal year the City Manager may transfer part or all of any unencumbered appropriation balance among programs within a department, office or agency and, upon written request by the City Manager, the City Commission may, by ordinance transfer part or all of any unencumbered appropriation balance from one department, office or agency to another.
(E.) 
LIMITATIONS; EFFECTIVE DATE:
No appropriation for debt service may be reduced or transferred, and no appropriation may be reduced below any amount required by law to be appropriated or by more than the amount of the unencumbered balance thereof. The supplemental and emergency appropriations and reduction or transfer of appropriations authorized by this Section 5.11 [5.09] may be made effective immediately upon adoption.
Every appropriation, except an appropriation for a capital expenditure, shall lapse at the close of the fiscal year to the extent that it has not been expended or encumbered. An appropriation for a capital expenditure shall continue in force until the purpose for which it was made has been accomplished or abandoned, the purpose of any such appropriation shall be deemed abandoned if three years pass without any disbursement from an encumbrance of the appropriation.
No payment shall be made of [or] obligation incurred against any allotment or appropriation except in accordance with appropriations duly made and unless the City Manager or his designee first certifies that there is a sufficient unencumbered balance in such allotment or appropriation and that sufficient funds therefrom are or will be available to cover the claim or meet the obligation when it becomes due and payable. Any authorization of payment as incurring of obligation in violation of the provisions of this Charter shall be void and any payment so made illegal, such action shall be cause for removal of any officer who knowingly authorized or made such payment or incurred such obligation, and he shall also be liable to the City for any amount so paid. In accordance with this Charter and law, the City Commission may make or authorize payments of contracts or make contracts for capital improvements or may make any contract or lease providing for payments beyond the end of the fiscal year, provided that such action is made or approved by ordinance.
All purchases made and contracts executed by the City shall be pursuant to a requisition from the head of the office, department, or agency whose appropriation will be charged, and no contract or order shall be binding upon the City unless and until the City Manager certifies that there is to the credit of such offices, department or agency a sufficient unencumbered appropriation and an allotment balance to pay for the supplies, materials, equipment, or contractual services for which the contract or order is to be issued. Before the City makes any purchase or contract for supplies, materials, equipment, or contractual services, opportunity shall be given for competition. The City Commission may, by ordinance, convey upon the City Manager, general authority to contract for expenditures without further approval of the City Commission in accordance with the City’s adopted Procurement Manual. All Contracts for expenditures shall be let to the lowest and best responsible bidder after there has been an opportunity for competitive bidding as provided for by law or ordinance; provided that the City Commission or the City Manager in such cases as he is authorized to contract for the City, shall have the right to reject any and all bids. Contracts for personal or professional services may or may not be let on competitive bids.
(Amended by Ordinance 13-31 at an election held on November 5, 2013, amendment no. 4)
Any organization which, for example, but not exclusively, is some form of agency, association, firm, company, and/or corporation and/or any other City, county, state, and/or federal governments and/or their agency or department, and which is provided by the City in order to perform a municipal function, shall provide to the City a copy of an annual independent audit report for each and every year the funds are received from the City. Such audit report shall at least include a statement of all receipts, expenditures, and net changes in cash account and a statement itemizing all forms of salaries, fees, compensations, and expenditure reimbursements with corresponding names of all employees and any organization, as described in previous sentence herein, whose goods and/or services were employed for a total expense greater than $700.00. In addition, such audit report shall include at least a brief statement of the manner in which City funds were employed. Such audit report’s copy shall be made public record.
If the City desires to liquidate any of its property or other assets, the City shall do such only in the manner of a public sale as prescribed by law. The time, place, and manner of such public sale shall be published in one or more newspapers of general circulation in the City at least thirty (30) days before such public sale.
(A.) 
GENERAL OBLIGATION BOND:
The City shall have the power to borrow money on the credit of the City and to issue general obligation bonds for permanent public improvements or for any other public purpose not prohibited by governing laws, and to issue refunding bonds to refund outstanding [bonds] of the City previously issued. All such bonds shall be issued in conformity with the governing laws and this Charter, in particular, section 5.07. In addition, all tax bonds of the City shall be authorized by ordinance passed by an affirmative vote of a majority of the members of the City Commission and approved by a majority of the qualified voters of the City who are property taxpayers and voting at the election called for the purpose of authorizing such tax bonds.
(B.) 
REVENUE BONDS
The City shall have the power to borrow money for the purpose of constructing, purchasing, improving, extending or repairing of public utilities, recreational facilities or any other self liquidating municipal function not prohibited by governing laws, and to issue revenue bonds to evidence the obligation created thereby. Such bonds shall be a charge upon and payable from the properties, or interest therein, pledged, or the income therefrom, or both. The holders of the revenue bonds shall never have the right to demand payment thereof out of monies raised or to be raised by taxation. All such bonds shall be issued in conformity with governing laws and this Charter, in particular section 5.07.
(C.) 
BONDS INCONTESTABLE:
All Bonds of the City having been issued and sold and having been delivered to the purchaser thereof, shall thereafter be incontestable and all bonds issued to refund in exchange for outstanding bonds previously issued shall and after said exchange, be incontestable.
(D.) 
ESTIMATED LIFE OF PROPERTY:
The City Consultant Engineer, in writing, shall estimate the expected normal life of the public improvement or other for which the bonds will be used to finance. Copy of each shall be made public record.
The City Commission shall, at the end of each month, see that the City’s financial accounts are closed out, totaled, and balanced, within a degree of accuracy which follows acceptable accounting principles and that financial statements are prepared. Copies of the audited consolidated funds flow and balance sheet statements as prescribed in section 5.17 [5.18] (B) paragraphs 2 and 3 shall be made available for possession by the public interested in such within seventy-five (75) days after the close of the fiscal year. In addition, said copies may include the budget information as required by Section 5.08. Copies of the consolidated funds flow and balance sheet statements which record the financial status after the close of six (6) months in fiscal year and whose amounts are compared with that budgeted for said fiscal year shall be made available for possession by the public interested in such within seventy five (75) days after the close of the fiscal year. At any reasonable time as prescribed by law the City’s financial records in their entirety shall be open to the public.
With the budget statements, financial statements and other financial requirements, required by this Charter and law, the City Commission may require additional statements in different formats than that prescribed by the Charter and law and enforce additional financial requirements. The said additional budget statements shall be distributed as prescribed by Section 5.08 and governing State laws.
(A.) 
The City Commission shall provide for an independent annual audit at the end of each fiscal year of all City accounts and may provide for such audits more frequently as it considers necessary. Such audits shall be made by a certified public accountant or firm of certified public accountants who have no personal, direct or indirect, interest in the fiscal affairs of the City government or any of its officers. The City Commission without requiring competitive bids shall designate such accountant or firm annually, and the designation for any particular fiscal year shall be made no later than thirty (30) days after the beginning of such fiscal year. No contract with any such accountant or firm for services longer than fifteen months shall be agreed upon by the City Commission.
(B.) 
The independent audit report shall include at least, but not exclusive, the following:
1. 
An income statement for each fund and for all funds or accounts combined (Such statement shall include total depreciation expense for each funds fixed assets and for all funds fixed assets combined).
2. 
A balance sheet statement for each fund and for all funds or accounts combined (Such statement shall be prepared at least in accordance with SECTION 5.04 and shall include the total accumulated depreciation for each funds fixed assets and for all funds fixed assets and for all funds fixed assets combined).
3. 
A consolidated funds flow statement for all funds or accounts combined (Such statement shall be prepared in accordance with SECTION 5.02 and shall indicate all intra-fund-transfers separately, and shall indicate all intra-fund-transfers separately [sic], and shall include all capital expenditures).
4. 
A taxes receivables statement for the general fund (Such statement shall include a tax receivable schedule beginning with total taxes receivable as of 1955 then for each succeeding fiscal year thereafter thru to the year of the audit report and indicating each fiscal year’s balance at the start and the close of the fiscal year being accounted for by the audit report).
5. 
An itemized statement of salaries, fees and any other forms of compensation and/or reimbursements for each and all of the City employees, officers, directors and advisors (Such itemized statement shall include those salaries, fees, and other form of compensation and/or reimbursement funded by any other individual and/or any other organization, who for example, but not exclusively is some form of agency, association, firm, company and/or corporation and/or any other City, county, state, and/or federal governments and/or their agency or department, regardless whether accounting of such funds is required by law or not.).
6. 
An itemized statement of each and all of the payments and/or other forms of compensation and/or reimbursements greater than seven hundred dollars ($700) for services and/or for capital improvements provided to the City by any individual and/or any organization (as described in above paragraph 5).
7. 
An itemized statement of each and all of the funds given or provided by the City to any individual and/or any organization as described in SECTION 5.13.
8. 
An itemized statement of interest expense[,] principal paid, and amount outstanding for each and all of the bonds, notes, loans and/or any other form of debt except current liabilities;
9. 
An itemized statement of each and all insurance policies.
10. 
All expenditures that are not clearly defined such as miscellaneous expense, other supplies expense, and other services expense shall not exceed, when combined, three per centum (3.0%) of the total departmental or given function expenses.
11. 
Any other formats, financial statements, reports or presentations that might be considered necessary in the judgement of the certified public account may be included in the audit report.