During the first quarter of each fiscal year, the Board may enact an appropriation ordinance in which shall be itemized all anticipated expenditures for the coming year, other than those payable from bond issues. Such ordinance shall be published within ten (10) days after its enactment. No indebtedness shall be incurred, excepting such indebtedness as may be payable solely from the proceeds of a duly authorized bond issue or from a designated specified source, unless there is a prior appropriation; provided, that during the first quarter of any fiscal year, before the enactment of the current appropriation ordinance, the Village may operate under the appropriation of the preceding year. This section shall be in effect for the fiscal year ending April 30, 2015, after which the Village shall operate under the budget system set forth in 65 Illinois Compiled Statutes 5/8-2-9.1 through 9.10, as said statutes may be amended from time to time. (Ord. 2014-36, 11-25-2014)