BUDGET PROCEDURES

§ 32.60 APPLICATION OF STANDARDS.

   The following standards shall apply to the form and detail in which the annual budget proposal of the city is to be prepared.

(Prior Code KOC, § 220.5, passed 8-3-1981)

§ 32.61 DETAILS.

   The annual budget proposal shall detail the raising of revenue from all sources, including grants and transfers, and the spending of money for specified programs, functions, activities or objectives of the city, including all principle and interest due on debt, for the budget year. The total of anticipated revenues shall equal or exceed the total of proposed expenditures.

(Prior Code KOC, § 220.5, passed 8-3-1981)

§ 32.62 FORM.

   The form of the annual budget proposal shall be consistent in form, to the extent practical, with the accounting system of the city.

(Prior Code KOC, § 220.5, passed 8-3-1981)

§ 32.63 ANNUAL BUDGET PROPOSAL.

   (A)   The annual budget proposal shall provide a complete program and financial plan for all funds for the budget year.

   (B)   It shall contain:

      (1)   A budget message, as specified in KRS 91A.030(7); and

      (2)   A budget summary, as specified in § 32.64, supported by:

         (a)   An estimate of fund balance carry-forward, as specified in § 32.65;

         (b)   An estimate of all anticipated revenues of the city compared to previous years, as specified in § 32.66;

         (c)   Proposed expenditures compared to previous years, as specified in § 32.67; and

         (d)   An estimate of anticipated transfers, as specified in § 32.68.

(Prior Code KOC, § 220.5, passed 8-3-1981)

§ 32.64 BUDGET SUMMARY.

   At the head of the annual budget proposal, there shall appear a summary of the budget, which need not be itemized further than by principal sources of anticipated revenue, and proposed expenditures by program, function, activity or objectives of the city, in such a manner as to present a simple and clear summary of the detailed estimates of the budget components.

(Prior Code KOC, § 220.5, passed 8-3-1981)

§ 32.65 FUND BALANCE CARRY-FORWARD.

   Each fund balance available for appropriation shall be limited to the amount by which assets are estimated to exceed liabilities at the beginning of the budget year.

(Prior Code KOC, § 220.5, passed 8-3-1981)

§ 32.66 ANTICIPATED REVENUES; COMPARISON WITH OTHER YEARS.

   In parallel columns opposite the several items of anticipated revenue there shall be placed:

   (A)   The amount of each such item actually received during the next preceding fiscal year;

   (B)   The total of the amount of each item actually received to the time of preparation of the annual budget proposal, plus anticipated receipts for the remainder of the current fiscal year estimated as accurately as possible; and

   (C)   The amount of each item anticipated to be received during the budget year, estimated as accurately as possible.

(Prior Code KOC, § 220.5, passed 8-3-1981)