§ 34.01 APPLICATION.

   The following standards shall apply to the form and detail in which the annual budget proposal of the city is to be prepared.

(Ord. 10-81, passed 6-16-1981; Ord. 12-87, passed 7-28-1987)

Statutory reference:

   Annual budget requirements, see KRS 91A.030

§ 34.02 PROPOSAL TO CONTAIN CERTAIN INFORMATION.

   (A)   (1)   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 principal and interest due on debt, for the budget year.

      (2)   The total of anticipated revenue shall equal or exceed the total of proposed expenditures.

   (B)   (1)   The annual budget proposal shall provide a complete program and financial plan for all funds for the budget year.

      (2)   It shall contain:

         (a)   A budget message prepared by the executive authority as specified in KRS 91A.030(7); and

         (b)   A complete concise summary containing the principal sources of anticipated revenue, including carry-over funds and prepared expenditures by department, program, function or objective.

(Ord. 10-81, passed 6-16-1981; Ord. 12-87, passed 7-28-1987)

§ 34.03 FORM.

   The form of the annual budget proposal shall be consistent in form, to the extent practical, with the accounting system of the city.

(Ord. 10-81, passed 6-16-1981; Ord. 12-87, passed 7-28-1987)

Statutory reference:

   Form of budget, see KRS 91A.030(12)

§ 34.04 TRANSFERS TO INTERFUND TRANSFER ACCOUNT.

   (A)   Any unencumbered funds, appropriation balance or portion thereof may be transferred to the Interfund Transfer Account and used at the direction of the executive authority to supplement any department, program, function or objective contained in the approved budget ordinance.

   (B)   Any such transfers in excess of $7,500 shall first be approved by City Council.

   (C)   Any transfers equal to or less than $7,500 shall first be approved by the Mayor.

(Ord. 10-81, passed 6-16-1981; Ord. 12-87, passed 7-28-1987)

§ 34.05 AMENDMENT TO BUDGET ORDINANCE WHEN FUNDS DEPLETED.

   In the event that budgeted funds for any department program, function or objective are depleted and supplemental funding is unavailable from the Interfund Transfer Account, no further expenditures can be made for that specific activity without an amendment to the budget ordinance by City Council.

(Ord. 10-81, passed 6-16-1981; Ord. 12-87, passed 7-28-1987)

TAXATION

§ 34.15 COUNTY VALUATION TO BE USED.

   Pursuant to KRS 132.285, the city shall hereinafter use the annual county assessment valuation for all property real and personal situated within the city as a basis of ad valorem tax levies which have been or may be ordered or approved by the City Council.

(Ord. 148, passed 12-15-1959; Ord. 15-1960, passed 10-4-1960)

§ 34.16 FISCAL YEAR.

   The fiscal year for the city is fixed and established from July 1 through June 30, effective and beginning July 1, 1960.

(Ord. 148, passed 12-15-1959; Ord. 36-2006, passed 9-19-2006)