(a) The city manager shall prepare a fiscal note to accompany any proposed project or program presented to the city council if the project or program increases or decreases revenues or causes the expenditure or diversion of funds and the project or program is:
(1) to be considered by ordinance or resolution as an unbudgeted item;
(2) new and is to be considered as a part of the adoption of the annual budget; or
(3) to be considered as part of the adoption of a bond program.
(b) A fiscal note shall include a statement of estimated revenues and expenditures that will result from a proposed project or program in the current and at least two future fiscal years.
(c) The city manager or his designee shall develop procedures and standardized formats in which to present fiscal impact information. (Ord. No. 17938)