The Mayor shall, biennially, in the month of January, appoint a Committee on Finance consisting of the Mayor and Aldermen. It shall be the duty of this committee to prepare and lay before the Board of Mayor and Aldermen the annual budget relating to the raising of money and making appropriations for the ensuing fiscal year, and all resolutions relating to the raising of money by taxation, loan, or otherwise, stating the amount necessary to be raised and the objects and purposes for which it shall be expended.
(Ord. passed 5-6-97)