On or before the last day of September of each year, the City Manager shall submit to the City Council a proposed budget and capital program together with a message concerning same for the ensuing fiscal year.
The budget message shall:
1. 
Describe the important features.
2. 
Outline the proposed work and capital programs.
3. 
Point out any major changes from the current fiscal year and financial policies, expenditures, and revenues together with the reasons for such changes.
4. 
Summarize the City's debt position.
5. 
Include such other material as the City Manager deems advisable.
A. 
The proposed budget shall provide a complete financial plan for all City functions and activities for the ensuing fiscal year. The budget shall be in such form as the City Manager deems advisable or as the City Council may direct but shall include the following:
1. 
Actual revenues and expenditures of the preceding fiscal year.
2. 
Actual and estimated revenues and expenditures of the current fiscal year.
3. 
All estimated revenues and proposed expenditures for the ensuing fiscal year, including detailed estimates of revenue from all sources and the amount proposed to be raised from the tax levy upon real estate.
B. 
The proposed expenditures shall be itemized as followed:
1. 
Each office, department, board, commission and agency shall be listed separately showing the proposed amount for salaries and wages, supplies and other expenditures and the total thereof.
2. 
Reserve for uncollected taxes.
3. 
Debt service.
4. 
Judgments and settlements outstanding and not covered by insurance.
5. 
Capital Program staging the amount to be paid by direct budgetary appropriation and the amount to be refinanced, if any, and the method thereof.
6. 
Special Funds and Purposes not otherwise contained in the budget.
7. 
Anticipated deficit, if any, of the current fiscal year.
8. 
Contingency Fund.
There shall be a Capital Improvement Fund. The Capital Improvement Fund shall be used only for the purposes specified in § 5.6 of this Article. There shall be paid into such fund:
1. 
A minimum budgetary appropriation of $.70 of a dollar (seventy cents) on each thousand dollars of taxable property upon the assessment role of each fiscal year shall be paid into the Capital Improvement Fund.
2. 
Such revenues as are directed by the City Council to be paid into said fund.
The moneys in the Capital Improvement Fund shall be used to:
1. 
Finance the issuance of capital notes in the manner provided by law.
2. 
Meet any down payment required by law before contracting any bonded debt.
3. 
Pay for all or part of the cost of any City object or purpose for which bonds may be lawfully issued, as defined in the Local Finance Law.
4. 
Pay for all or part of any installment payments due on any bonds issued by the City of Geneva, or the principal and interest or any portion thereof due on any bond anticipation notes or capital notes issued or reissued by the City of Geneva, or the proportionate share of the City of Geneva for
5. 
Any bonded indebtedness incurred by the City and another municipality or municipalities for a joint object or purpose. Appropriations from the fund shall be made for the capital program in the manner provided in this Article. Transfers from this fund may be made to the General Fund for debt service payments of principal and interest. Total transfer shall not exceed debt service.
A. 
Immediately after presentation of the proposed budget to the City Council, City Manager shall file same in the City Clerk's Office and cause sufficient copies of same and the budget message to be made for distribution to the public. The proposed budget shall be a public record and shall be open to inspection by the public during regular business hours in the City Clerk's Office.
B. 
A public hearing on the proposed budget shall be held before the City Council at the date, time and place determined by the City Council but not later than two weeks after its submission. Public notice specifying:
1. 
The date, time and place of the public hearing.
2. 
The total amount of the proposed budget.
3. 
The amount thereof to be raised by taxes.
4. 
The anticipated tax rate per thousand of assessed valuation.
5. 
That copies of the proposed budget are available to the public in the City Clerk's Office during regular business hours shall be published in the official newspaper of the City by the City Clerk not less than five days prior to the date of the public hearing.
A. 
The City Council shall meet and hold a public hearing at the date, time and place specified in the public notice.
B. 
After conclusion of the public hearing, the City Council shall consider the adoption of the proposed budget and may adjourn from time to time until it has fully considered and reviewed the proposed budget.
C. 
The City Council may add new programs or amounts; and may increase, decrease or strike out programs or amounts. Expenditures required by law, for debt service, for estimated deficit or estimated revenues may not be changed except to correct omissions or mathematical errors.
D. 
The City Council may, however, decrease the amount of the tax levy for the ensuing fiscal year as proposed by the City Manager in proportion to such decrease in the total expenditures as it may have determined. If the City Council shall increase the total expenditures, such increase shall be included in the amount to be raised by taxes.
Upon the completion of the consideration and review of the proposed budget, the City Council shall adopt a resolution approving the budget in the final form approved by it and shall forthwith adopt an appropriation resolution and a resolution making a levy upon all the real property situate in the City liable to taxation in the ensuing fiscal year. The appropriation resolution shall be passed on the budget as adopted but need not be itemized further than by each office, board, department, commission, agency, fund and program.
If the City Council fails to adopt the proposed budget by the last day of October, the budget as submitted by the City Manager shall be deemed to be the budget of the City for the ensuing fiscal year and expenditures shall be made in accordance therewith. The City Council shall, at the next regular meeting following the last day of October, adopt the appropriation and tax levy resolutions in the same manner as set forth in § 5.9.
A. 
No payment shall be made and no obligation incurred by any official of the City against any appropriation unless there is a sufficient unexpended and unencumbered balance in the appropriation. Every expenditure or obligation authorized or incurred in violation of these provisions shall be void and any payment so made shall be deemed illegal. All officers who shall knowingly authorize or make such payment shall be jointly and severally liable to the City for the full amount so paid and such action shall be cause for removal.
B. 
If at any time during the fiscal year, the City Manager shall ascertain that the revenue for the year including general fund surplus from the preceding year, will be less than the total appropriations, the City Manager shall order the reduction of expenditures in those appropriations that he or she deems advisable. No later than the next regularly scheduled meeting of the City Council, he or she shall report such action and the City Council may by resolution, confirm, modify or amend the action of the City Manager or take such other appropriate action as it deems necessary to handle the deficit.
A. 
Transfer of appropriations.
The City Manager may at any time transfer any unencumbered appropriation, balance or portion thereof within a department, office, board, commission or agency. At the request of the City Manager, the City Council may by resolution transfer from the contingency fund or any unencumbered apportion, balance or portion thereof from one department, office, board, commission or agency to another.
B. 
Supplemental appropriations.
Upon recommendation of the City Manager and certification by the City Comptroller that the funds to be appropriated are not needed for the purpose of preventing a deficit for the fiscal year, the City Council may by resolution passed by a two-thirds vote of its entire membership, appropriate any unanticipated revenue received during the fiscal year for the use of any department, office, board, commission, agency, program, city object or purpose.
C. 
Capital Program.
The City Council may by resolution passed by a two-thirds vote of its entire membership, add, modify, or abandon projects or may modify the methods of financing. No capital project shall be authorized or undertaken unless it is included in the Capital Program as adopted or amended.
Notwithstanding any of the foregoing provisions, the City Council shall have the power to borrow money, to make additional appropriations and to exercise all other powers and control over the financial affairs of the City pursuant to the provisions of the Local Finance Law or other provisions of law. Except as otherwise provided by law, the City Council shall exercise the powers enumerated in this Section by resolution by a two-thirds vote of its entire membership.
Any portion of an annual appropriation, except an appropriation for a capital improvement, remaining unexpended and unencumbered at the close of the fiscal year shall lapse. An appropriation for a capital improvement shall continue in force until the purpose for which it was made has been accomplished or abandoned; the purpose of any such appropriation shall be deemed abandoned if three years pass without any expenditure from, or encumbrance of, the appropriation.