After formation of the district, the district budget shall be established annually by the city council as a part of the regular budget approval process for the city as a whole; provided, however, that where the maintenance services to be provided are not anticipated to change in any substantial manner during an upcoming year, the city council may establish a multi-year budget and assessment and, in such case shall specify any reporting and other obligations imposed as conditions to allowing a multi-year budget and assessment.
For the purpose of adoption of the annual district budget, the engineer shall annually prepare and file with the city clerk a report containing the information specified in Section 3.124.110 of this chapter. In the event that the city council accepts the report as submitted, or as modified, the city council shall take one of the following two actions:
A. If the city council does not intend to increase the assessment, other than as permitted for inflation adjustment pursuant to Section 3.124.120 of this chapter, the city council may by resolution adopt the budget and levy the assessment for the fiscal year or years covered by the engineer's report. Adoption of this resolution shall constitute the levy of the confirmed assessment, and the city clerk shall follow the procedures specified in Section 3.124.180 of this chapter.
B. If the city council does intend to increase the assessment, all of the procedures specified in Sections 3.124.140 through 3.124.170 of this chapter shall apply and be followed. Upon completion of those procedures, if a majority protest does not exist, the city council may by resolution adopt the budget and levy the assessment for the fiscal year or years covered by the engineer's report. Adoption of this resolution shall constitute the levy of the confirmed assessment, and the city clerk shall follow the procedures specified in Section 3.124.180 of this chapter.
C. A surplus or a deficit in the district's account at the end of a fiscal year shall be carried over to the following fiscal year. (Ord. 98-017 § 2; prior code § 81.02.211)