(A)   The financial plan for the city’s operating revenues and expenditures plus capital improvements is prepared according to state law and specific guidelines provided by the City Administrator.
   (B)   Departments develop capital projects deemed necessary according to requests from the City Council, boards, committees or commissions, the public, or the departments themselves. Any funds to be spent by boards, committees or commissions are budgeted in the financial plan of the department, which works with each respective body. Typically, a board, committee or commission that oversees operations of a department (such as the Library Board of Trustees or Water Works) will review and approve its financial plan before it is submitted to the City Administrator.
   (C)   The City Council will hold work sessions to review and finalize the entire financial plan. In accordance with state regulations, the proposed one-year budget is published in the local newspaper in general circulation, prior to a public hearing. The City Council simultaneously holds a public hearing on the entire financial plan and one-year budget and adopts them at the same time. The one-year budget is required by the state and must be adopted by March 15 of each year.
   (D)   For purchasing procedures for the city, see the city’s purchasing policy.
(Res. 2017-287, passed 10-9-2017)