SECTION 7.06. OVER EXPENDITURES.

   No officer, employee, department or agency of the City shall expend or contract to expend any money, or incur any liability, or enter into any contract which by its terms involves the expenditure of monies on behalf of the City for any purpose in excess of the amounts appropriated for such expenditures and obligations.

   Any officer or employee who knowingly attempts or purports to create such an obligation shall be guilty of malfeasance in office and on conviction thereof in a court of competent jurisdiction shall be removed from office or employment. Nothing in this section shall prevent the making of contracts to be fully performed within more than a single fiscal year, when authorized by ordinance.