Each year, when so requested by the City Administrator, the Secretary of the Board of Trustees shall prepare a budget showing the estimated amounts necessary for the administration of the retirement system during the ensuing fiscal year. When adopted by the City Council, the budget shall be administered and disbursed from the retirement fund of the City of Flint.
(Ord. 1860, passed 8-16-1965; Ord. 2525, passed 10-27-1975)