(A) Prior to the beginning of each fiscal year, the City Council shall adopt an annual operating budget. The budget shall be submitted to Council by the Mayor no later than May 1 of each year for reviewand revision, as Council shall desire. If the budget is not approved by July 1 of each year, no monies shall be expended for the new fiscal year unless first authorized by resolution of Council. Following its adoption, the Mayor shall be responsible for its administration.
(B) No expenditure of funds shall be authorized by the Mayor, except where sufficient funds are available within a general departmental budget category. Any operating expense for which insufficient funds remain shall be approved by City Council. The budget shall be adopted in the manner provided for by ordinance and may be modified during the year only by ordinance of City Council. Council may, in its discretion, adopt separate budgets for capital expenditures or other specific purposes.
(`95 Code, § 1-5-2) (Ord. 79-10, passed 12-18-79; Am. Ord. 23-96, passed - - 96; Am. Ord. 16-07, passed 6-26-07; Am. Ord. 14-17, passed 5-9-17)