The following standards shall apply to the form and detail in which the annual budget proposal of the city is to be prepared:
(A) The annual budget proposal shall detail the raising of revenue from all sources, including grants and transfers, and the spending of money for specified programs, functions, activities, or objectives of the city, including all principle and interest due on debt, for the budget year. The total of anticipating revenues shall equal or exceed the total of proposed expenditures.
(B) The form of the annual budget proposal shall be consistent in form, to the extent practical, with the accounting system of the city.
(C) The annual budget proposal shall provide a complete program and financial plan for all funds for the budget year.
(D) The annual budget proposal, together with a budget message, shall be submitted to the City Council not later than thirty (30) days prior to the beginning of the fiscal year.
(E) The annual budget proposal shall not provide for appropriations to exceed revenues for the budget year.
(Ord. passed 4-15-85)
Statutory reference:
Annual budget ordinances, see KRS 91A.030