The City Manager shall keep the City Council fully advised as to the financial condition and future needs of the City and make such recommendations to the City Council concerning the affairs of the City as the City Manager deems desirable. The City Manager shall prepare and present an annual budget to the City Council in accordance with state law.
[1]
Editor’s note–Former section 7.01 pertaining to fiscal year and deriving from special election held May 10, 2008, was repealed and deleted in its entirety by Ordinance 1217 adopted 11/19/20. The remaining section was renumbered at the editor's discretion.
At the Council meeting at which the budget is submitted, the Council shall name the date and place of a public hearing, and shall cause to be published in the official newspaper of the City, the time and place, which will be not less than seven (7) days nor more than fifteen (15) days after the date of the notice. At that hearing, interested citizens may express their opinions concerning items of expenditure, giving their reasons for wishing to increase or decrease any items of expense.
The City Manager shall submit to the Council, each month, a report of the financial condition of the City, by budget item, by budget estimate compared to expenditures for the preceding month, and for the fiscal year, to date. The financial records of the City will be maintained on a modified accrual basis to support this type of financial management. The City Manager shall make available to the City Council, monthly, a cash disbursements journal of the City for all funds and accounts.
Before any purchase contracts are made by the City of Coleman, ample opportunity for competitive bidding shall be provided under such rules and regulations as the City Council may adopt by ordinance.
All merchandise, materials, supplies, equipment, and services utilized by the City, shall be procured in accordance with State law, and as prescribed in Chapter 252 of the Local Government Code, and as may thereinafter be amended. Purchases shall be based on competitive bid for like quality and function except in instances where competition is impossible or impractical, the bid format shall be in accordance with law, and as follows:
(a) 
Expenditure of $500.00 or less shall be informal.
(b) 
$500.00 to $3,000.00 shall be in writing or by telephone.
(c) 
$3,000 to $25,000 shall be in writing.
(d) 
$25,000 and over shall be by formal sealed bid or proposal, and in accordance with Section 252.021 of the Local Government Code, and as may hereinafter be amended.
Bids for public works contracts shall be in conformance with State Statutes, as covered by Article 2368a.3, V.A.T.S. as amended.
Procurement involving high technology items may utilize revisions of State law allowing for negotiated purchases or sealed proposals, per Sections 252.021 and 252.042 of the Local Government Code, and as hereinafter may be amended.