(A) The annual budget proposal shall detail the raising of revenue from all sources, including grants and transfers, and the spending of money for specified programs, functions, activities, or objectives of the city, including all principals and interest due on debt, for the budget year. The total of anticipated revenues shall equal or exceed the total of proposed expenditures.
(B) The form of the annual budget proposal shall be consistent in form, to the extent practical, with the accounting system of the city.
(C) The annual budget proposal shall provide a complete program and financial plan for all funds for the budget year. It shall contain:
(1) A budget message, as specified in KRS 91A.030(7).
(2) A budget summary, as specified in division (D) of this section, supported by:
(a) An estimate of fund balance carry-forwards, as described in division (E) of this section.
(b) An estimate of all anticipated revenues of the city with a comparison to previous years as specified in division (F) of this section.
(c) Proposed expenditures with a comparison to previous years, as specified in division (G) of this section.
(d) An estimate of anticipated transfers, as specified in division (H) of this section.
(D) Budget Summary. At the beginning of the annual budget proposal there shall appear a summary of the budget, which need not be itemized further than by principal sources of anticipated revenue, and proposed expenditures by program, function, activity or objectives of the city, in such a manner as to present a simple and clear summary of the detailed estimates of the budget components.
(E) Fund Balance Carry-Forward. Each fund balance available for appropriation shall be limited to the amount by which assets are estimated to exceed liabilities at the beginning of the budget year. Fund balance carry-forward shall mean the fund balance as of June 30th of the previous budget year which is carried forward to the succeeding budget year.
(F) Anticipated Revenues and Comparison with Other Years. In parallel columns opposite several items of anticipated revenue there shall be placed:
(1) The amount of each such item actually received during the next preceding fiscal year and the upcoming fiscal year; and
(2) The total of the amount of each item actually received to the time of preparation of the annual budget proposal, plus anticipated revenues for the remainder of the current fiscal year estimated as current and accurately as possible; and
(3) The amount of each item anticipated to be received during the proposed budget year, estimated as accurately as possible.
(G) Proposed Expenditures and Comparison with Other Years. In parallel columns, opposite the several items of proposed expenditures, there shall be placed:
(1) The amount of each such item actually expended during the current fiscal year; and
(2) The total of the amount actually expended to the time of preparation of the annual budget proposal plus the expenditures estimated for the remainder of the current fiscal year as accurately as possible; and
(3) The amount of each item to be appropriated for the budget year.
(H) Anticipated Transfer From Other Funds. Any anticipated excess revenues, if legally available for general purposes and to the extent such excess is to be used to support other funds, shall be stated as transfer items in the annual budget proposal.
(Ord. 81-8, passed - - )