Proposed expenditures shall be itemized. Separate provision shall be included in the budget for at least:
1. interest, amortization of principal and redemption charges on the public debt for which the faith and credit of the municipality is pledged;
2. administration, operation and maintenance of each office, department or agency of the municipality;
3. council's budgetary reserve;
4. expenditures proposed for construction projects including provisions for down payments on capital projects.
(Ord. 77-01 (part), 1977)