(a) Financial reports. The Manager shall submit to the Commission a minimum of four (4) quarterly financial reports during the fiscal year showing the relation between estimated and actual income and expenses to date. If income is less than or expenses exceed the amounts estimated, the Commission shall reduce appropriations as necessary to keep expenditures within income, and if income exceeds or expenses are less than the amounts estimated, the Commission may make supplemental appropriations.
(b) Appropriations. Unless otherwise authorized by the Commission, no money shall be drawn from the city treasury nor shall any obligations be incurred except pursuant to the budget appropriation, as the same may be amended by the Commission. The balance of any appropriation at the close of the fiscal year shall revert to fund equity and be available for reappropriation.