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A. Budget Preparation: The city council shall meet on a date that is agreeable to the majority of the council members to develop a budget, including the estimated needs and probable income, for the next fiscal year, in the manner required by law.
B. Appropriations: Appropriations for the city shall be made as provided by law.
C. Transfers: Unencumbered appropriations balances of items of less immediately urgent need, or any part thereof, may be transferred to other items of appropriation to meet more immediately urgent needs in the manner provided by law. (1985 Code § 7-110)