The fiscal year of the City of Brownfield shall begin on the first day of October in each calendar year, and shall end on the last day of September of each succeeding year. Such fiscal year shall also constitute the budget and accounting year.
(As amended by Charter Election called 5/6/00)
"The City Manager shall file with the municipal clerk a proposed budget before the 60th day before the City Council makes its tax levy for the fiscal year, which budget shall provide a complete financial plan for the fiscal year, and shall contain the following:
(1) 
A budget message, explanatory of the budget, which message shall contain an outline of the proposed financial policies of the City for the fiscal year, shall set forth the reasons for salient changes from the previous fiscal year in expenditure and revenue items, and shall explain any major changes in financial policy.
(2) 
A consolidated statement of anticipated receipts and expenditures for all funds.
(3) 
An analysis of property valuations.
(4) 
An analysis of the estimated tax rate required to cover the proposed budget.
(5) 
Tax levies and tax collections by year for at least five years.
(6) 
General fund resources in detail, including the cash on hand to the credit of each fund.
(7) 
Summary of proposed expenditures by function, department, and activity.
(8) 
Summary of proposed expenditures by character and object.
(9) 
Detailed estimates of expenditures shown separately for each activity to support Summaries No. 7 and 8 above. Such estimates of expenditures are to include an itemization of positions, showing the number of persons having each title, and the rate of pay. For department heads, their assistants or other employees who are involved in management, the budget shall identify by name and list all salary and other benefits for each.
(10) 
A revenue and expense statement for all types of bonds.
(11) 
A description of the outstanding obligations of the City including all bond issues outstanding, showing rate of interest, date of issue, maturity date, amount authorized, amount issued, and amount outstanding for the current and all future years in which bonds are due.
(12) 
A schedule of requirements for the principal and interest of each issue of bonds, for current and all future years.
(13) 
A special funds section.
(14) 
The appropriation ordinance.
(15) 
The tax levying ordinance.
(As amended by Charter Election called 5/6/00)
In preparing the Budget, the City Manager shall in the preparation of the budget place in parallel columns opposite the several items of revenue the actual amount of each item for the last completed fiscal year, the estimated amount for the current fiscal the proposed amount for ensuing fiscal year.
The City Manager in the preparation of the budget shall in parallel columns opposite the various items of expenditures place the items of expenditures for the last completed fiscal year, the estimated for the current fiscal year and the proposed amount for the ensuing fiscal year.
The budget and all supporting schedules shall be filed with the City Secretary when submitted to the Council and shall be public record for inspection by anyone. The City Manager shall cause copies to be made for distribution to all interested persons.
At the meeting of the Council at which the budget is submitted, the Council shall fix the time and place of a public hearing on the budget and shall cause to be published in the official newspaper of this City a notice, for one publication only, of the hearing, setting forth the time and place thereof not earlier than the 30th or later than the 10th day before the hearing. The public hearing shall be set for a date occurring after the 15th day after the date the proposed budget is filed with the City Secretary but before the Council makes its tax levy.
(As amended by Charter Election called 5/6/00)
At the time and place set forth in the notice required by Section 47 of this Charter, or any time and place to which such public hearing shall from time to time be adjourned, the Council 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.
After the conclusion of such public hearing, the Council may insert new items or may increase or decrease the items of the budget, except items in proposed expenditures fixed by law. So long as the Council does not increase the budget by more than .5%, no further public hearing shall be necessary. Should the Council propose to increase the budget by more than .5%, the Council shall re-notice the budget for public hearing as required in Section 47.
(As amended by Charter Election called 5/6/00)
After such further hearing, the Council may insert the additional item or items, and make the increase or increases, to the amount in each case indicated by the published notice, or to a lesser amount, but where it shall increase the total proposed expenditures, it shall also provide for an increase in the total anticipated revenue to at least equal such total proposed expenditures.
The budget shall be finally adopted not later than the twenty-seventh day of the last month of the fiscal year. Should the Council take no final action on or prior to such day, the budget as submitted by the City Manager shall be deemed to have been finally adopted by the Council.
Upon the final adoption, the budget shall be in effect for the fiscal year. A copy of the budget, as finally adopted, shall be filed with the City Secretary, the County Clerk of Terry County, (but not recorded), and the State Comptroller of Public Accounts at Austin. The final budget shall be printed, mimeographed or otherwise reproduced and a reasonable number of copies shall be made available for the use of all offices, departments, and agencies, and for the use of interested persons and civic organizations.
From the effective date of the budget, the several amounts stated therein as proposed expenditures shall be and become appropriated to the several objects and purposes therein named.
(This section deleted by Charter election held 5/6/00)
The total estimated expenditures of the general fund and debt service fund shall not exceed the total estimated resources of each fund (prospective income plus cash on hand). The classification of revenue and expenditure accounts shall conform as nearly as local conditions will permit to the uniform classification as promulgated by the National Committee on Municipal Accounting, or some other nationally accepted classification.
(This section deleted by Charter election held 5/6/00)