(a) The Director of Finance shall report by the third Monday after the end of each fiscal month to Council, to other administrative officials and to the public the recorded facts in such summaries with such analytical schedules in detailed support thereof, as shall be necessary, to show the full effect of expenditures, transactions and investments for each fiscal year or part thereof upon the finances of the City and in relation to each department of the City.
(b) The Director of Finance shall annually prepare and submit to the Mayor and Council by March 1 of each year a recommended two year financial plan for the City's operating and capital needs. The financial plan shall indicate the estimated cost and the proposed or established method of financing each capital program and permanent improvement. The Director of Finance's recommended plan shall be prepared after consultation with the Mayor and the heads of other City departments affected thereby, and such recommended financial plan shall be advisory only and need not be followed in the adoption of the City's tax budget, annual, temporary or supplemental appropriation measures or ordinances, resolutions or other actions concerning capital programs or permanent improvements.
(Ord. 82-61. Passed 2-7-83.)