The fiscal year of the City shall begin on the first day of
July of each year and end on the thirtieth day of June of the following
year.
(Amended by General Municipal Election on November 2, 2010)
The City manager shall prepare and shall recommend a budget
for the ensuing fiscal year to the council on or before the first
regular meeting in June. The budget document shall present a comprehensive
financial plan for the ensuing fiscal year, including at least the
following information:
A.
Statements
of the bonded and other indebtedness of the City, including the debt
redemption and interest requirements, the debt authorized and unissued,
and the condition of sinking funds.
B.
Estimates
of all proposed expenditures for each department and office of the
City, showing in addition the expenditures for the last preceding
fiscal year, appropriations and anticipated expenditures for the current
fiscal year, and reasons for recommended departures from the current
expenditure pattern.
C.
Detailed
estimates of all anticipated revenue sources of the City, with a comparative
statement of the amounts received by the City from each of such sources
for the last preceding fiscal year and the amounts expected to be
received for the current fiscal year.
D.
A statement
of the estimated balance or deficit, as of the end of the current
fiscal year, for all funds.
E.
Such
other supporting schedules as the council may request or are otherwise
required by law.
(Res. No. 60-3, § 1; amended by General Municipal Election on November
7, 2000; Amended by General Municipal Election
on November 2, 2010)
After review of the budget recommended by the City manager,
the council shall make such revisions as it may deem advisable at
a noticed public meeting and shall set the time for holding a public
hearing thereon. Not less than ten (10) days prior to said public
hearing, the council shall cause to be published a notice thereof
in a newspaper of general circulation in the City. Copies of the proposed
budget shall be available for public inspection in the office of the
City clerk for a period of at least ten (10) days prior to said hearing.
(Amended by General Municipal Election on November 7, 2000; Amended by General Municipal
Election on November 2, 2010)
At the time advertised, or at any time to which such public
hearing shall from time to time be adjourned, the council shall hold
a public hearing on the proposed budget, at which interested citizens
desiring to be heard shall be given such opportunity.
After the conclusion of the public hearing the council shall
further consider the proposed budget and make any revisions thereof
that it may deem advisable and on or before June 30, it shall adopt
the budget with revisions, if any, by the affirmative votes of at
least three (3) councilmembers. Upon final adoption, the budget shall
be in effect for the ensuing fiscal year. A copy thereof, certified
by the City clerk, shall remain on file in the office of the City
clerk where it shall be available for inspection.
(Amended by General Municipal Election on November 2, 2010)
From the effective date of the budget, the several amounts stated therein as proposed expenditures shall be and become appropriated to the several departments, offices and agencies for the respective objects and purposes therein named. All appropriations shall lapse at the end of the fiscal year to the extent that they shall not have been expended or lawfully encumbered, except as provided later in this section and in Section 7.08.
No money shall be drawn from the City treasury nor shall any
obligation for the expenditure of money incurred, except pursuant
to the budget appropriation. The council may, by ordinance adopted
by the affirmative vote of at least three (3) councilmembers, transfer
any unencumbered appropriation balance or any portion thereof, from
one department, fund or agency to another, or appropriate available
revenue not included in the budget.
(Res. No. 240; amended by General Municipal Election on November 7, 2000; Amended by General Municipal Election on November 2, 2010)
(Amended by General Municipal Election on November 7, 2000; Amended by General Municipal
Election on November 2, 2010)
The council shall annually set aside from the income of each
of its revenue producing public utilities the following amounts and
in the following order, to wit: First; An amount fully sufficient
for the payment of principal, interest, reserve fund and sinking fund
requirements of any revenue bonds or general obligation bonds secured
in whole or in part from such utility revenues, the proceeds of which
bonds have been applied to the acquisition, construction or completion
of such public utilities. Second: An amount sufficient to pay or provide
for the payment of maintenance and operation of such public utilities,
including a reserve for maintenance and operation.
Thereafter the council may set aside an amount, from any surplus
moneys remaining, to create and maintain a separate utility reserve
fund for each public utility. The amount to be set aside in such separate
utility reserve fund shall not exceed a sum which, according to the
estimate of the City manager and approved by the council, shall be
sufficient to meet normal depreciation of such public utility. Such
utility reserve funds, if established, shall be used for the replacement,
betterment and extension of each of said public utilities and, in
addition, may be used for the payment of the principal of and interest
on, or retirement prior to maturity of, any revenue bonds of the City
or any general obligation bonds secured in whole or in part from such
public utility revenues, the proceeds of which bonds have been applied
to the acquisition, construction or completion of any such utility,
if and to the extent that other funds are not then available for such
payment.
(Res. No. 68-10, § 1; amended by General Municipal Election on November
7, 2000; Amended by General Municipal Election
on November 2, 2010)
The council shall, by ordinance, establish capital outlay funds
for specified capital improvement purposes, and such other special
funds as it may deem necessary. The council may levy and collect taxes
for such purposes, but shall not, in making such a levy, exceed the
maximum tax rate provided for in this charter unless authorized by
the affirmative votes of a majority of the electors voting on the
proposition at any regular or special election at which such question
is submitted. The council may transfer to any such fund any unencumbered
surplus funds on hand at any time. Such special funds, created by
or supplemented with tax revenues upon which a vote of the electors
has been required, shall remain inviolate for the purposes for which
they were created unless the use of such funds for some other purpose
is authorized by the affirmative vote of a majority of the electors
voting thereon on such proposition at a general or special election.
Any unexpended and unencumbered surplus remaining in such special
funds after the purpose for which the special fund was created has
been accomplished may be transferred by the council to its general
funds or to other special funds.
The council shall, by ordinance, provide a system for the assessment,
levy, and collection of special taxes and assessments upon property.
The council may, in its discretion, authorize the officers of Placer
County to perform any functions for the City relating to the assessment
of property, the collection of taxes, the collection of assessments
levied for municipal improvements, the sale of property for nonpayment
of taxes or special assessments, and the redemption of property from
sales.
(Amended by General Municipal Election on November 2, 2010)
(Added by General Municipal Election on November 7, 2000; Amended by General Municipal
Election on November 2, 2010)
Special assessments for local improvements shall be levied in
the manner prescribed by state law.
(Amended by General Municipal Election on November 2, 2010)
The bonded indebtedness of the City may not in the aggregate
exceed the sum of fifteen (15%) percent of the total assessed valuation
of property within the City, with the exception of any indebtedness
that has been or may hereafter be incurred for the purposes of acquiring,
constructing, extending, replacing, or maintaining municipally owned
utilities, for which purposes a further indebtedness may be incurred
by the issuance of bonds, subject as to amount only to the provisions
of the constitution and laws of the State of California.
The council may, after authorization by the affirmative vote
of a majority of the electors voting on the proposition at any regular
or special election, issue revenue bonds or any other evidence of
indebtedness authorized by state law. Neither such revenue bonds,
nor the interest accruing thereon, shall be, or evidence, indebtedness
of the City. Such bonds, and the interest accruing thereon, shall
be a charge upon, and payable solely from the revenues derived from
the operation of such works, facilities or property, and shall not
be a charge, lien, encumbrance, legal or equitable, upon, nor shall
any recourse on account thereof be had against any other income, receipts,
revenues or funds of the City, and neither the credit nor the taxing
power of the City shall be deemed to be pledged to, or charged with,
such payment, nor shall the holder of any such bond have any right
to compel the exercise of any taxing power of the City.
(Amended by General Municipal Election on November 2, 2010)
All bonds to be sold by the City and payable from the City's
general fund or any of its enterprise funds shall be advertised for
sale at least once in a newspaper of general circulation in the City
and in such financial journals as may be deemed necessary to stimulate
competitive bidding, at least fifteen (15) days before the bond sale
in the manner required by state law. The provisions of this section
shall not be interpreted to require public bidding in the event such
bonds are sold to a public financing authority.
(Amended April 13, 1982; amended by General Municipal Election on November
7, 2000; Amended by General Municipal Election
on November 2, 2010)
Each bond shall contain on its face a statement specifying the
purpose for which the same is issued and it shall be unlawful for
any officer of the city to use the proceeds thereof for any other
purpose, and any officer of the City who shall violate this provision
shall be deemed guilty of misconduct of office. All bonds issued by
the City shall be signed by such officer or officers as may be designated
by the City council and countersigned by the City clerk, under the
seal of the City. The City manager shall be responsible for establishing
and maintaining a complete and detailed record of all bonds issued
by the city. Upon the payment of any bond, the same shall be marked
"Canceled" or shall be destroyed.
(Amended by General Municipal Election on November 2, 2010)
If any bonds are not sold within five (5) years after authorization,
such authorization shall, with respect to such bonds, be null and
void, and such bonds shall be canceled.
(Amended April 13, 1982)
At least three (3) times during the fiscal year, and more often
if required by the council, the City manager shall submit to the council
data showing the relation between the estimated income and expenses
and actual income and expenses to date; and if it shall appear that
the income is less than anticipated, the council may reduce appropriations,
except amounts required for debt and interest charges, to such a degree
as may be necessary to keep expenditures within the cash income.
(Amended by General Municipal Election on November 2, 2010)
The council shall designate a depository or depositories for
City funds and shall provide for the regular deposit of all City moneys.
The council shall require such security for City deposits as it deems
desirable and as is authorized or permitted by law, except that personal
surety bonds, of themselves, shall not be deemed proper security.
(Amended by General Municipal Election on November 2, 2010)
No suit shall be brought on any claim for money or damages against
the City or any department, officer or agency thereof until a demand
for the same has been presented to the City clerk and rejected in
whole or in part.
All claims and the processing thereof shall conform to the laws
of the State of California relating to claims against local public
entities.
(Res. No. 240; Amended by General Municipal Election on November 2, 2010)
The Council shall provide for an annual audit of the City by
a firm of independent certified public accountants who are in no other
way connected with the City government. The firm shall be retained
subject to the restrictions and limitations prescribed by state law.
A comprehensive audit shall be made covering each fiscal year to assure
that the City's financial transactions, accounts and records are maintained
in accordance with the requirements of the City charter, state and
federal laws and generally accepted accounting principles. Such audit
report shall be submitted to the council and shall be open to public
inspection.
(Amended April 13, 1982; amended by General Municipal Election on November
2, 2010; Amended by General Municipal Election
on November 3, 2020)
Except as otherwise provided in this charter, the City manager
shall be responsible for all City purchasing, but may delegate the
responsibility to any appointed subordinate.
(Amended by General Municipal Election on November 2, 2010)
Competitive prices or bids for all purchases and public works
and improvements shall be obtained where practicable and the purchase
made from, or the contract awarded to, the lowest responsible bidder;
provided, that the council may waive the bidding requirements prescribed
in this section in the purchase of noncompetitive items or in case
of an emergency. Sealed bids shall be asked for in all transactions
involving the expenditure of seventy-five thousand dollars ($75,000.00)
or more, and in the case of public works, the transaction evidenced
by a written contract submitted to and approved by the council. The
council may reject any and all bids. In all transactions where sealed
bids are required, the council may demand a deposit by each bidder
in the form of a certified check or bid bond in an amount which shall
be specified in the call for bids. The council may require a faithful
performance or surety bond of the successful bidder. Calls for sealed
bids shall be published in a newspaper of general circulation of the
City and/or on the City's website, not less than five (5) days before
the deadline for submission of bids, unless the council declares by
resolution that an emergency exists. Detailed purchasing and contract
award procedures shall be prescribed by ordinance.
(Res. No. 60-2, § 1; amended April 13, 1982; Res. No. 86-108 § 4; amended June 18, 1986; amended by General Municipal
Election on November 2, 2010; Amended by General Municipal Election on November 3, 2020)
The council may, without competitive bidding, enter into a contract
with other public jurisdictions established by law, for furnishing
goods or services to the City or its inhabitants, or for furnishing
goods or services by the City to such public jurisdictions or their
inhabitants, or for furnishing goods and services jointly to the inhabitants
of the City and the inhabitants of other such public jurisdictions,
subject to such restrictions and limitations as may be prescribed
by state law.
(Amended by General Municipal Election on November 2, 2010)
All contracts shall be approved as to legal form by the City
attorney.
(Amended by General Municipal Election on November 7, 2000; Amended by General Municipal
Election on November 2, 2010)
