(A) The city budget, as finally adopted for the following fiscal year, becomes effective July 1 and constitutes the city appropriation for each program and purpose specified therein until amended. The city budget for the current fiscal year may be amended for any of the following purposes (per Iowa Code § 384.18):
(1) To permit the appropriation and expenditures of unexpended, unencumbered cash balances on hand at the end of the preceding fiscal year which had not been anticipated in the budget.
(2) To permit the appropriation and expenditure of amounts anticipated to be available from sources other than property taxation, and which had not been anticipated in the budget.
(3) To permit transfers from the Debt Service Fund, the Capital Improvements Reserve Fund, the Emergency Fund, or other funds established by state law, to any other city fund, unless specifically prohibited by state law.
(4) To permit transfers between programs within the General Fund.
(B) The budget amendment shall be prepared and adopted in the same manner as the original budget.
(Prior Code, § 2-5-2)