Prior to the first day of the fiscal year, the Manager shall prepare and submit to Council an appropriation ordinance containing a financial plan for conducting the affairs of the Municipality during the ensuing fiscal or calendar year. Council shall specify the form of and information to be contained in the appropriation ordinance.
Council may provide for a public hearing upon such ordinance and may amend such ordinance at any time. This ordinance shall be passed with a single reading and shall become effective upon its adoption.
Council may pass a temporary appropriation ordinance for meeting ordinary expenses of the Municipality but must charge all appropriations therein to the annual appropriation ordinance which will be approved not later than March 1 of the fiscal year concerned.
Council may pass such supplemental appropriation ordinances as it deems necessary, adjusting appropriations between the various funds. This is subject to the limitation that the total appropriation for any fiscal year cannot exceed total balances carried forward from previous years plus estimated revenue for the current fiscal year.