The annual budget shall be:
(A) The estimates of revenues available to the city for the fiscal year for which the budget is drafted;
(B) The recommended expenditures for the city and all the city’s departments, commissions and boards for the fiscal year for which the budget is drafted; and
(C) Actual or estimated revenues and expenditures for the two years immediately preceding the fiscal year for which the budget is prepared.
(1980 Code, § 13.1705)