(A) The purpose of this subchapter is to adopt rules governing the City Council in its proceedings for administering the financial affairs of the city, and to establish a standard procedure for the making and administration of budgets, to place responsibility for the tasks related to budget preparation and administration, the determination of the amount of taxes and other revenues in such manner that budgets may be balanced on the basis of actual cash receipts within the budget period, the establishment of appropriations, the payment of debt and the control of other expenditures. Its provisions are intended to enable the Council to make financial plans for both current and capital expenditures, and to permit taxpayers and investors to form intelligent opinions based on sufficient information as to the financial policies and administration of the city. For the accomplishment of this purpose, the provisions of this subchapter shall be broadly construed, and shall be in effect until repealed or amended by a majority vote of the Council in the same manner as required by state law.
(B) Within the provisions and for the purpose of this subchapter, officers and employees shall have the power and be subject to the duties expressly stated or necessarily implied.
(1997 Code, § 33.26) (Ord. 5-3-1978, passed 9-5-1978)
Statutory reference:
Annual budget ordinance, see KRS 91A.030