(El. of 5-2-1998)
The fiscal year of the city begins on the first day of October and ends on the last day of September of each year. The fiscal year also constitutes the budget and accounting year.
(El. of 5-2-1998; El. of 11-5-2013)
The city manager, as the budget officer shall annually submit to the city council a proposed budget. In addition to the requirements of state law the budget must contain:
(1) 
a budget message explaining the budget;
(2) 
the financial resources of each fund that requires annual appropriations;
(3) 
the funds received from all sources during the preceding year;
(4) 
the estimated funds available from all sources during the current year and the ensuing year, including funds available to cover the proposed budget;
(5) 
the expenditures for the preceding year by expenditure type;
(6) 
the estimated expenditures and revenues for the current year and the ensuing year by expenditure and revenue type;
(7) 
general fund resources in detail;
(8) 
the estimated tax rate required to cover the proposed budget;
(9) 
description of all bond issues outstanding, showing rate of interest date of issue, maturity date, amount authorized, amount issued, and amount outstanding;
(10) 
a schedule of requirements for the principal and interest of each issue of bonds;
(11) 
a special funds section as directed by the city council;
(12) 
the appropriation ordinance;
(13) 
the tax levying ordinance; and
(14) 
any other matter requested by the city council or required by state law.
[1]
Editor's note—An amendment approved at election Nov. 5, 2013, repealed former §§ 47, 48 of the Charter which pertained to anticipated revenues compared with other years in budget, and proposed expenditures compared with other years in budget, respectively, and derived from the original Charter as amended by the election of May 2, 1998.
(El. of 5-2-1998; El. of 11-5-2013)
The city manager shall file the proposed budget and all supporting schedules with the city secretary as a public record when it is submitted to the city council. The budget and supporting schedules shall also be published on the city's website.
[1]
Editor's note—An amendment approved at election Nov. 5, 2013, repealed former §§ 50—53 of the Charter which pertained to notice of public hearing on budget, public hearing on proposed budget, proceedings on budget after public hearing; amending the budget, and proceeding on adoption of budget, respectively, and derived from the original Charter as amended by the election of May 2, 1998.
(El. of 5-2-1998)
The city council shall finally adopt the budget not later than the 30th day of the last month of the fiscal year. Should the city council fail to take final action on or before that day, the budget as submitted by the city manager shall be deemed to have been finally adopted by the city council.
[1]
Editor's note—An amendment approved at election Nov. 5, 2013, repealed former §§ 56—60 of the Charter which pertained to effective date of budget; copies made available, budget establishes appropriations, budget establishes amount to be raised by property tax, contingency reserve, and amendments on the budget, respectively, and derived from the original Charter as amended by the election of May 2, 1998.