SECTION 48. ANNUAL BUDGET.
   On or before the fifteenth day of November in each year the City Manager shall prepare and submit to the Council a budget presenting a financial plan for conducting affairs of the City for the ensuing fiscal year. The classification of estimates in the budget shall be as nearly uniform as possible for the main divisions of all departments and offices. The budget shall include the following information:
   (1)   Detailed estimates of the expense of conducting each department and office of the City for the ensuing fiscal year;
   (2)   Expenditures for corresponding items for the current year and the last preceding fiscal year with reasons for increases or decreases recommended as compared with appropriations for the current year;
   (3)   The value of supplies and materials on hand at the date of the preparation of the budget;
   (4)   The total and net debt of the City together with a schedule of maturities of bond issues;
   (5)   A statement of the amounts to be appropriated;
      (a)   For interest on the City debt.
      (b)   For paying off any serial bonds maturing during the year.
      (c)   For the aggregate for the year of the installments required to be appropriated annually during the life of all other bonds of the City in order to accumulate a fund sufficient to pay off such bonds at maturity.
   (6)   A separate statement indicating any deficiency in the sinking fund and the amount needed to replace such deficiency;
   (7)   An itemization of all anticipated income of the City from sources other than taxes and bond issues, with a comparative statement of the amounts received by the City from each of the same or similar sources for the last preceding and current fiscal years;
   (8)   An estimate of the amount of money to be raised from taxes and the amount to be raised from bond issues, which, with income from other sources, will be necessary to meet the expenditures proposed;
   (9)   Such other information as the City Manager may think desirable or the Council may require. (Also in accordance with Sec. 5705.28 and Sec. 5705.30 Revised Code of Ohio.) (Amended 11-8-11)