(A) Adoption of an annual budget. The city hereby adopts ILCS Chapter 65, Act 5, §§ 8-2-9.1— 8-2-9.10 providing for an annual municipal budget in lieu of the passage of an annual appropriations ordinance.
(B) Budget officer. The Commissioner of Accounts and Finance with the approval of the City Council shall appoint a budget officer who shall have the powers, duties, and responsibilities enumerated in the above sections of the ILCS as they are now or may hereafter be amended. The budget officer shall give a bond in such sum as may be required by statute.
(C) Computation of annual budget. The budget officer shall compile a budget pursuant to the above sections of the ILCS as they are now, or may hereafter be amended, containing estimates of the revenues available before the beginning of the fiscal year to which it applies together with recommended expenditures for the city. The budget shall be adopted prior to May 1 of each fiscal year.
(D) Public inspection, notice, and hearings on budget. Copies of the tentative annual budget shall be made available for public inspection in printed or typewritten form in the office of the City Clerk for at least 10 days prior to the passage of the annual budget. Not less than 1 week after the budget is available for inspection, and prior to final action on the budget, at least 1 public hearing shall be held on the budget by the City Council. Notice of this hearing shall be given by publication in a newspaper having a general circulation in the city at least 1 week prior to the time of hearing.
(E) Revision of annual budget. The City Council may delegate authority to heads of municipal departments, boards, or commissions to delete, add to, or change items previously budgeted to the department, board, or commission, subject to any limitation or requirement for final approval by the budget officer or Commissioner of Accounts and Finance as the City Council upon a 4/5 vote of the members may establish. The annual budget may be revised by a vote of 4/5 of the City Council by deleting adding to or changing budgeted items. No revision of the budget shall be made increasing the budget in the event funds are not available to effectuate the purpose of the revision.
(Ord. 2000-9, passed 3-27-2000)