(A) The city hereby adopts ILCS Ch. 65, Act 5, § 8-2-9.1 and §§ ILCS 8-2-9.2 through 8- 2.9.10, and pursuant thereto, authorizes the Commissioner of Accounts and Finances, shall appoint a City Budget Officer, upon the terms and conditions set forth in the Municipal Code.
(B) The Budget Officer shall take an oath and post bond as provided in ILCS Ch. 65, Act 5, § 3.1-10-30, and shall have all of the powers and duties allowed in ILCS Ch. 65, Act 5, § 8-2-9.2, including authority to prepare annual city budgets.
(C) Annual budgets may be revised in the manner described in ILCS Ch. 65, Act 5, § 8-2-9.6, and contingency funds may be set aside to the extent allowed by ILCS Ch. 65, Act 5, § 8-2-9.7.
(Ord. 542, passed 4-26-93)