(A) The City Council shall, as soon as practicable after the commencement of each fiscal year and within the first quarter thereof, pass an ordinance to be termed the “Annual Appropriation Bill” in which it shall appropriate such sums of money as may be deemed necessary to defray all necessary expenses and liabilities of the city government during that fiscal year and, in such ordinance, shall specify the different objects and purposes for which such appropriations are made, and the amount appropriated for each object or purpose; no further appropriations shall be made at any other time during such fiscal year, except as otherwise expressly provided by law.
(B) When any appropriation for any specific object or fund shall have been exhausted, the City Clerk shall, without delay, notify the Council thereof, and thereafter, no warrant shall be drawn against the same until further order of the Council; no additional appropriation to any such fund shall be made by the Council during the fiscal year, and no expenditure for any improvement to be paid for out of the General Fund of the corporation shall exceed, in any one year, the amount provided for such improvement in the Annual Appropriation Bill, except as otherwise specially provided by law.
(C) No claim or account against said city, upon any contract made or debt incurred by any city officer by authority of the Council or of any ordinance, shall be audited or allowed or any warrant issued for the payment thereof unless accompanied by the certificate of the officer by whom or under whose authority the same was contracted or incurred, stating that he or she has examined such claim or account and believes that it is just, correct, and reasonable.
(D) At the end of each year, the City Council shall cause a full and complete examination of all books and accounts of the city to be made and certified to by competent accountants and shall publish the result of such examination in the manner provided by law.
(E) In the beginning of each fiscal year, all of the revenues of the city derived from all sources shall be placed in the General Fund and, from the General Fund, re-distributed pro rata into the several funds of the city in accordance with the appropriations for the succeeding years.
(Prior Code, Chapter 3, Article 2, § 2)