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SEC. 7.04 BOARDING OF EQUALIZATION.
   The council shall constitute the board of equalization to equalize assessments of property for taxation purposes according lo law.
SEC. 7.05 PREPARATION OF THE ANNUAL BUDGET.
   The council shall be responsible for the annual budget. The classification of accounts used in the budget must conform to the classification of accounts used in reporting the actual results. There shall be sufficient copies for each member of the council, for the city clerk, and at least one copy to be available for inspection by the public, at the city hall and the public library.
(Ord. 556, passed 6-27-2016)
SEC. 7.06 PASSAGE OF THE BUDGET.
   The council must consider the budget in compliance with state law and must provide a reasonable opportunity for interested citizens to be heard. The adopted budget must show in detail the city's financial plan for the next fiscal year. It must show the amounts and sources of revenue and the amounts and purposes of expenditures. The total expenditures cannot exceed the total estimated revenues and allocated surplus. The budget must be adopted in compliance with state law. A majority of the council must adopt the budget by resolution and must by resolution levy taxes needed to fund budgeted expenditures. The city clerk will file the tax levy resolution with the county auditor within the required time period.
(Ord. 556, passed 6-27-2016)
Statutory reference:
   See M.S.A. § 275.07
SEC. 7.07 ENFORCEMENT OF THE BUDGET.
   It shall be the duty of the city council to enforce strictly the provisions of the budget. They shall not approve any order upon the city for any expenditure unless an appropriation has been made in the budget resolution, nor for any expenditure covered by the budget resolution unless there is a sufficient unexpended balance left after deducting the total past expenditures and the sum of all outstanding orders and encumbrances. No officer or employee of the city shall place any order or make any purchase except for a purpose and to the amount authorized in the budget resolution.
(Ord. 556, passed 6-27-2016)
SEC. 7.08 ALTERATIONS IN THE BUDGET.
   After the budget resolutions have been adopted, the council shall have no power to increase the amounts fixed in the budget resolution, by the insertion of new items or otherwise, beyond the estimated revenues, unless the actual receipts exceed the estimates and then not beyond the actual receipts. The council may at any time, by resolution approved by a majority of the full council, reduce the sums appropriated for any purpose by the budget resolution, or authorize the transfer of sums from unencumbered balances of appropriations in the budget resolution to other purposes.
(Ord. 556, passed 6-27-2016)
SEC. 7.09 EMERGENCY APPROPRIATION IN BUDGET.
   The council may include an emergency appropriation as a part of the budget but not to exceed ten per cent (10%) of the total budget. A transfer from the emergency appropriation to any other appropriation shall be made only by a vote of a majority of the full council and shall be used only for the purposes designated by the council.
SEC. 7.10 HOW DISBURSEMENTS MADE.
   No disbursement of city funds shall be made except by check signed by authorized persons and specifying the purposes for which the disbursement is made and the fund from which it is drawn. No such check shall be issued until there is money to the credit of the fund from which it is to be paid sufficient to pay it together with all outstanding encumbrances upon the fund. No such check shall be issued until the claim to which it relates has been supported by an itemized bill, payroll, or time-sheet approved and signed by the responsible city officer who vouches for its correctness and reasonableness. The particular fund out of which payment is to be paid shall be noted on each contract requiring the payment of money by the city. The council may by ordinance make further regulations for the safekeeping and disbursement of the funds of the city.
(Ord. 556, passed 6-27-2016)
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