On or before February 15 of each year, the Mayor shall submit to Council a detailed statement of the amount which shall be required for the administration, operation, maintenance, supervision and control of the floodwall system for the next fiscal year beginning July 1, together with a detailed plan of expenditure for such fiscal year, showing the proposed expenditure of amounts required for personnel services, current expenses, capital outlay, and such other expenses as the Mayor may determine. The proposed budget shall include a reasonable estimated amount as an annual cumulative reserve to meet emergency repairs, replacements and operation expense which may be required on account of floods. The budget shall be in such form and contain such other information, in addition to the information herein specified, as Council may determine. Council shall examine the budget, and if it finds that the budget conforms to the requirements of this section, Council shall allocate to the budget of the floodwall system all revenues generated by floodwall maintenance fees imposed pursuant to Article 783 of the Codified Ordinances of the City. Council may, from time to time, appropriate from the General Fund of the City such amounts as may be necessary for the administration, operation, maintenance, supervision and control of the floodwall system. The Parkersburg floodwall budget shall be administered by the Director of Finance in the same manner as all other revenues of the City as allocated by City Council are administered.
(Ord. 0-764. Passed 12-20-94.)