Prior to the commencement of each fiscal year, a budget for
the City shall be prepared, and the same will be presented to and
approved by the City Council. The approved budget shall be on file
in the Finance Department.
Expenditure estimates in the budget shall not be larger in amount
than the total anticipated revenue plus available fund balance for
the budget year.
The City shall not incur any debts which aggregate an amount
greater than the anticipated revenues for the budget year, without
the approval of the voters of the City, as required by law.