The city shall, within the last quarter of each fiscal year, pass an ordinance to be termed “The Annual Appropriation Bill”, in which the governing body shall appropriate such sums of money as may be deemed necessary to defray all necessary expenses and liabilities of the city, not exceeding in the aggregate the amount of tax authorized to be levied and revenue available during the then-ensuing year. In such ordinance, there shall be specified the object and purpose for which the appropriations are made and the amount appropriated for each object or purpose. (This financial information probably will be the same as the final approved budget.) No further appropriations shall be made at any other time within the fiscal year, unless the proposition to make the appropriations has been approved by a majority voter of the City Council, after a public hearing. Notice of the time and place of the hearing shall be published at least 5 days prior to the date set for hearing in a newspaper of general circulation within the city. All appropriations shall end with the fiscal year for which they are made; provided, the fund arising from road taxes and bridge taxes shall be deemed especially appropriated for street repair purposes, and the income arising from the operation of the utility systems shall be deemed especially appropriated to the payment of the current expenses of and to the cost of improvements and extensions and additions to the systems respectively, and shall not be included in the annual appropriation ordinance. Nothing contained in this section shall be construed to prohibit the Council from appropriating other money in the annual appropriation bill for the use of streets, grades and bridges, and for water, lighting, power, heating and sewer systems; provided the sums so appropriated in the aggregate do not exceed the maximum of tax allowed to be levied and collected as fixed by the laws of the state.
(Prior Code, § 2-307)