An annual city budget shall be submitted by the city manager and adopted by resolution of the city council, which provides estimates of revenues, expenditures for operations, capital projects and debt service, transfers, and fund balances, for each city fund. The budget shall incorporate a re-estimate of the current fiscal year, and a multi-year forecast of revenues, expenditures and cash balances, the first year of which is the budget year. Only those amounts estimated for the budget year shall be appropriated.
(Ord. 605 § 1, 2004)