Annually the City Administrator shall submit to the Council his recommended budget as directed by a budget calendar to be established by the Council which meets the requirements of State law or, in the absence thereof, by September 1. The budget shall provide a complete financial plan for all City funds and activities for the ensuing fiscal year and, except as required by law or Charter, shall contain such information and be in such form as the City Administrator deems desirable or the Council may require. It shall include a summary and show in detail all estimated income and all proposed expenditures, including debt service and comparative figures for the current fiscal year, actual and estimated, and the preceding fiscal year. In addition to showing proposed expenditures for current operations, it shall show proposed capital expenditures to be made during ensuing years and the proposed method of financing each such capital expenditure. For each utility operated by the City, the budget shall show anticipated net surplus or deficit and the proposed method of it's disposition. The total proposed operating budget to be provided from the property tax shall not exceed the amounts authorized by law and this Charter.
(Source: Ordinance No. 92, Third Series; Effective Date: 9-26-90)