The City Council shall determine the fiscal year of the City.
Before the beginning of each fiscal year, the City Manager shall
submit to the Mayor and Council a budget for the ensuing fiscal year
and an accompanying message.
(Ord. No. 28081 Question 1, 8-25-08; Ord. No. 28115 Question
1, 12-8-08)
The budget shall provide a complete financial plan of all City
funds and activities for the ensuing fiscal year and, except as required
by law or this Charter, shall be in such form as the City Manager
deems desirable or the Council may require. In no event shall the
total proposed expenditures exceed the estimated revenues to be received
plus any unencumbered cash reserves estimated to be on hand at the
beginning of the ensuing fiscal year.
(Ord. No. 28081 Question 1, 8-25-08; Ord. No. 28115 Question
1, 12-8-08)
Copies of the budget and the capital program as adopted shall
be public records and shall be made available to the public at suitable
places in the City. The Council shall publish annually, in one (1)
or more newspapers of general circulation in the City, a summary accounting
of the receipts and expenditures for the preceding year.
By the statutory deadline, the Council shall by ordinance set
the tax rates and levy on the various classes of property, and the
levy so established shall be certified by the City Clerk to the appropriate
officials, who shall compute the taxes and extend them upon the tax
rolls.
(Ord. No. 28045 Question 3, 5-19-08; Ord. No. 28083 Question
3, 8-25-08)
The City shall be authorized to sell any bonds as may now or
hereafter be authorized by law. Except as otherwise required by law
or this Charter, all bonds issued by the City shall be sold as prescribed
by ordinance.