A. Statutory Budgeting Procedure:
1. The city has elected to adopt and adhere to the terms and provisions of the municipal budget act, 11 Oklahoma Statutes sections 17-201 through 17-216. (1985 Code ch. 7 § 4-1; amd. 2016 Code)
2. The chief executive officer (mayor) is required to take such actions as are necessary to comply with all provisions of such act, in preparation and presentation of the annual budget for the city.
3. The city council shall be the final approval authority on the annual budget and shall determine needs as reflected in the budget draft. Such budget, when approved and adopted, shall constitute appropriation for the year budgeted. (1985 Code ch. 7 § 4-1)
B. Budget Preparation And Adoption:
1. The chief executive officer must submit a budget to the governing body thirty (30) days prior to the beginning of the budget year.
2. The governing body must hold a public meeting on the proposed budget no later than fifteen (15) days prior to the beginning of the budget year.
3. Notice of the public hearing must be published not less than five (5) days before the day of the hearing.
4. After the public hearing and at least seven (7) days prior to the beginning of the budget year, the governing body must adopt the budget.
5. The adopted budget must be filed with the following on or before the first day of the budget year: (1985 Code ch. 7 § 4-2)
a. The excise board of the county; (1985 Code ch. 7 § 4-2; amd. 2016 Code)
b. The state auditor and inspector's office;
c. The office of the city clerk.
6. Within fifteen (15) days after the filing of the budget with the state auditor and inspector's office, any taxpayer may file protests against any alleged illegality in the budget.
7. If no protest is filed within the fifteen (15) day period, the budget and its appropriations are deemed legal and final unless amended by the governing body.
8. Budget amendments such as supplemental appropriations or changes in appropriations of funds must be adopted at a meeting of the governing body and filed with: (1985 Code ch. 7 § 4-2)
a. The excise board of the county; (1985 Code ch. 7 § 4-2; amd. 2016 Code)
b. The state auditor and inspector's office;
c. The office of the city clerk. (1985 Code ch. 7 § 4-2)
C. Budget Documentation Requirements: The budget submitted to the governing body must contain a budget summary by fund that contains the following itemized by department and account:
1. Actual revenues and expenditures for immediate prior fiscal year;
2. Revenues and expenditures for the current fiscal year as adopted and amended;
3. Estimated revenues and expenditures for the budget year. (1985 Code ch. 7 § 4-3)