(A) The following standards shall apply to the form and detail in which the Annual Budget Proposal of the City is to be prepared.
(B) 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 anticipated revenues shall equal or exceed the total of proposed expenditures.
(C) The form of the Annual Budget Proposal shall be consistent in form, to the extent practical, with the accounting system of the City.
(D) The Annual Budget Proposal shall provide a complete program and financial plan for all funds for the Budget Year. It shall contain:
(1) A Budget message, as specified in KRS 91A.030(7).
(2) A Budget Summary, as specified in Section (E), supported by:
(a) An estimate of Fund Balance Carry-Forward, as specified in Section (F).
(b) An estimate of all anticipated revenues of the City compared to previous years, as specified in Section (G).
(c) Proposed expenditures compared to previous years, as specified in Section (H).
(d) An estimate of anticipated Transfers, as specified in Section (I).
(E) Budget Summary. At the head of the Annual Budget Proposal there shall appear a Summary of the Budget, which need not be itemized further than by principal sources of anticipated revenue, and proposed expenditures by program, function, activity, or objectives of the City, in such a manner as to present a simple and clear Summary of the detailed estimates of the Budget components.
(F) Fund Balance Carry-Forward. Each Fund Balance available for appropriation shall be limited to the amount by which assets are estimated to exceed liabilities at the beginning of the Budget Year.
(G) Anticipated Revenues, Comparison With Other Years. In parallel columns opposite the several items of anticipated revenue there shall be placed:
(1) The amount of each such item actually received during the next preceding Fiscal Year; and
(2) The total of the amount of each item actually received to the time of preparation of the Annual Budget Proposal, plus anticipated receipts for the remainder of the current Fiscal Year estimated as accurately as possible; and
(3) The amount of each item anticipated to be received during the Budget year, estimated as accurately as possible.
(H) Proposed Expenditures, Comparison With Other Years. In parallel columns, opposite the several items of proposed expenditures, there shall be placed:
(1) The amount of each such item actually expended during the next preceding Fiscal Year; and
(2) The total of the amount actually expended to the time of preparation of the Annual Budget Proposal plus the expenditures for the remainder of the current Fiscal Year estimated as accurately as possible; and
(3) The amount of each item to be appropriated for the Budget year.
(I) Anticipated Transfer From Other Funds. Any anticipated excess revenues, if legally available for general purposes and to the extent such excess is to be used to support other funds, shall be stated as a Transfer item in the Annual Budget Proposal.
(J) Preparation of the budget proposal shall be the responsibility of the Mayor.
(K) The budget proposal shall be prepared in such form and detail as prescribed by this section.
(L) The budget proposal together with a budget message shall be submitted to the Council not later than 30 days prior to the beginning of the fiscal year it covers. The budget message shall contain an explanation of the governmental goals fixed by the budget for the coming fiscal year; explain important features of the activities anticipated in the budget; set forth the reasons for stated changes from the previous year in program goals, programs, and appropriation levels; and explain any major changes in fiscal policy.
(Ord. 90-7)