The City Council shall adopt a budget statement pursuant to the Nebraska Budget Act, to be termed "The Annual Appropriation Bill," in which are appropriated such sums of money as may be deemed necessary to defray all necessary expenses and liabilities of the municipality.
(Neb. RS 17-706) (`77 Code, § 1-806) (Am. Ord. 1994-O-011, passed 7-11-94; Am. Ord. 1996-O-004, passed 2-5-96)