The Board shall, on or before July 1, 2000, and by March 1st of each year thereafter, submit to the Council a written itemized request for authority to expend money for the next ensuing fiscal year, which written request shall contain a statement showing estimated revenues and estimated expenditures for the next fiscal year, itemized by purposes and objects, which shall include, but shall not be limited to, a statement showing the number, classification and compensation of persons employed and the amount to be paid to such employees according to classification. The wages and salaries as approved by the Council shall not be increased during the fiscal year without written approval of the Council. The request shall also show the amount needed to retire bonds, deposits to be made and special funds, including sinking funds, capital improvement funds, and all other special purposes funds, and shall also include the amount for capital improvements, equipment, customer installations, maintenance and repair, and such other items as are necessary to show a detailed statement of the expenditures of all funds. The Council shall examine the expenditures as scheduled pursuant to this section and if it finds that they conform to the requirements of this section, are in accordance with sound physical policy, the Council shall approve the budget. The Council shall have the authority to reduce any and all items of the budget submitted, and the expenditures of money made by the Board shall be only in accordance with the budget as approved by the Council unless the budget is amended with the consent and the written approval of the Council authorizing the expenditure of a larger amount.
(Ord. 255. Passed 1-26-07.)