(A) The Mayor shall be responsible for identifying and proposing expenditure reductions or revenue enhancements to the operating budget of the city when it is determined, in the period between adoption of the annual operating budget [i.e., the fiscal year], that city revenues are not expected to equal city expenditures.
(B) When the Mayor engages in planned mid- fiscal year reductions of the annual operating budget in excess of $250,000 cumulative for the fiscal year, the Mayor shall cooperate with the Council staff so that it may monitor this budget process and prepare analyses and other information required by the City Council. A representative of the Council shall be allowed to participate in all meetings and have access to all information related to the formulation of this budget reduction program.
(C) When the Mayor engages in a planned mid- fiscal year reduction of the annual operating budget in excess of $250,000 cumulative in the fiscal year, this effort shall be consistent with Ordinance No. 51-1990. Any redirection or reclassification of appropriations into sequestered or reserved budget categories by the Mayor shall be considered a transfer of funds between budget line-items. Such transfers shall be subject to the regulations contained in § 2-11-16.
('74 Code, § 1-8-18) (Ord. 19-1991; Am. Ord. 3-1992; Am. Ord. 35-1994; Am. Ord. 40-1995)