The City Manager shall submit a proposed budget containing a complete financial plan for the fiscal year. The budget shall be submitted to the City Council not more than one hundred twenty (120) days but not less than sixty (60) days prior to the beginning of each fiscal year. The budget shall contain the following:
a. A budget explanatory message;
b. A consolidated statement of receipts and expenditures, for all funds;
c. An analysis of property valuations;
d. An analysis of tax rate;
e. Tax levies and tax collections by years for at least five (5) years;
f. General fund resources in detail;
g. Summary of proposed expenditures by function, department and activity;
h. Summary of proposed expenditures by character and object;
i. Detailed estimates of expenditures shown separately for each activity to support summaries, items "g" and "h" above. Such estimates of expenditures are to include an itemization of positions showing the number of persons having each title and the rate of pay;
j. A revenue and expense statement for all types of bonds;
k. A description of all bond issues outstanding, showing rate of interest, date of issue, maturity day, amount authorized, amount issued and amount outstanding;
l. A schedule of requirements for the principal and interest on each issue of bonds;
m. A special funds section;
n. The appropriation ordinance;
o. The tax levying ordinance;
p. A capital improvement program for the budget year and proposed method of financing;
q. A plan for capital improvement covering the next five (5) years and proposed method of financing;
r. A summary of the condition of machinery, equipment, and buildings; and
s. A suggested legislative program and the highlights of the proposed administrative program.