(A) The purpose of this subchapter is to adopt rules governing the City Council in its proceedings for administrating the financial affairs of the city; to establish standard procedures for the making and administration of budgets; and to place responsibility for the tasks related to budget preparation and administration, the determination of the amount of taxes and other revenues in such manner that budgets may be balanced on the basis of actual revenues and obligations within the budget period, the establishment of appropriations, the payment of debt, and the control of other expenditures. Its provisions are intended to enable the City Council to make financial plans for both current and capital expenditures, to insure that executive staffs administer their respective functions in accordance with these plans, and to permit taxpayers and investors to form intelligent opinions based on sufficient information as to the financial policies and administration of the city.
(B) For the accomplishment of the purposes set out in division (A) above, the provisions of this subchapter shall be broadly construed, and shall be in effect until repealed or amended. This subchapter may be repealed or amended by a majority vote of the City Council in the same manner as required for the adoption of an ordinance, except that in no case may a vote be taken on the amendment or repeal of this subchapter at the meeting at which it is first proposed.
(C) Within the provisions and for the purpose of this subchapter, officers and employees shall have the power and be subject to the duties expressly stated or necessarily implied.
('83 Code, § 34.20) (Ord. O-6-82, passed 3-15-82)