Section
8.1. Fiscal year.
The
fiscal year of the city and of all its agencies shall begin on
the first day of July of each year, and end on the thirtieth day
of June of the following year.
Section
8.2. Budget;
preparation, contents; mayor, duties
The mayor
shall be responsible for the preparation and shall submit to the
council at the second regular council meeting in April of each
year, a recommended budget covering the next fiscal year; which
budget shall include thereon at least the following:
(a)
Detailed estimates,
with supporting explanations, of all proposed expenditures for
each department and office of the city, together with the
expenditures for corresponding items for the last preceding
fiscal year in full and for the current fiscal year to March
1st, and estimated expenditures for the balance of the current
fiscal year.
(b)
Statements of the bonded and other indebtedness of the
city, showing the debt redemption and interest requirements, the
debt authorized and unissued and the condition of sinking funds,
if any.
(c)
Detailed estimates of all anticipated revenues of the
city from sources other than taxes, with a comparative statement
of the amounts received by the city from each of the same or
similar sources for the last preceding fiscal year in full and
for the current fiscal year in full and for the current fiscal
year to March 1st, and estimated revenues for the balance of the
current fiscal year.
(d)
A statement of the estimated balance or deficit for the
end of the current fiscal year.
(e)
An estimate of the amount of money to be raised from
current and delinquent taxes and the amount to be raised from
bonds issued, which, together with any available unappropriated
surplus and any revenues from other sources, will be necessary
to meet the proposed expenditures.
(f)
Such other supporting information as the council may
request.
Section
8.3. Proposed
budget; hearing, notice required.
A public
hearing on the proposed budget shall be held before its final
adoption at such time and place as the council shall direct.
Notice of such public hearing shall be published at least
one week in advance of the hearing, which shall also include
notice that the proposed budget and the three preceding fiscal
budgets are on file in the office of the clerk.
The complete proposed budget and the three preceding
fiscal budgets shall be on file for public inspection during
office hours at such office for a period of not less than one
week prior to such hearings.
Sec. 8.4
Sec. 8.5
Sec. 8.6
Sec. 8.7
