The Mayor of the City shall be the Budget Officer. Each board, commission, officer and department head shall submit his recommended budget with support explanation for the fiscal year to the Budget Officer on or before March 15 of each year.
The Budget Officer shall prepare and submit to the Council, on or before the first regular meeting in May of each year, a budget document covering the next fiscal year tabulating the recommendations of the several department heads and officials, and shall include therein at least the following information:
(a) Detailed estimates with supporting explanations of all proposed expenditures for each department and office of the City, together with the expenditures for corresponding items for the last preceding fiscal year in full and for the current year to October 1 and estimated expenditures for the balance of the current fiscal year;
(b) Statements of the bonded and other indebtedness of the City, showing the debt redemption and interest requirements, the debt authorized and unissued and the condition of sinking funds, if any;
(c) Detailed estimates of all anticipated revenues of the City from sources other than taxes, with a comparative statement of the amounts received by the City from each of the same or similar sources for the last preceding fiscal year in full and for the current fiscal year to October 1 and estimated revenues for the balance of the current fiscal year;
(d) A statement of the estimated balance or deficit for the end of the current fiscal year;
(e) An estimate of the amount of money to be raised from current and delinquent taxes and the amount to be raised from bond issues which, together with any available unappropriated surplus and any revenues from other sources, will be necessary to meet the proposed expenditures;
(f) The City shall maintain a system of accounts as required by the Uniform Accounting System Act, being Public Act 2 of 1968, or such statute as may apply.
(g) Such other supporting schedules as the Council may request and in accordance with 1968 PA 2, S 15, MCL 141.435; MSA 5.3228(35).
(Amended 11-7-06)