A.   After a public hearing has been held in the manner provided by law, the City Council shall, no later than the first (1st) Monday in June, adopt the budget with or without amendment.
   B.   The adoption of the budget may be accomplished by resolution.
   C.   Adoption of the budget shall constitute appropriations of the amounts specified therein from the funds indicated and a levy of the property tax specified therein.
(Adopted by the electorate, 11-5-1974)