The Mayor shall submit a proposed operating budget for each fiscal year which shall contain at least the following:
(a) A statement of estimated revenues from all sources, including fund balances from the preceding year;
(b) A statement of proposed expenditures, shown by department office, board and commission, and by activity, character and object; and
(c) A summary of the contents of the proposed operating budget, including any proposals for and the reasons of major changes in financial policies and in expenditures, appropriations and revenues as compared with the preceding fiscal year and the reasons therefor.
(Ord. 80-101. Passed 1-5-81.)