Within the last quarter of each fiscal year, the Mayor and Council shall pass, approve, record and publish an ordinance to be termed the annual appropriation bill, in which such corporate authorities may appropriate such sums of money as may be deemed necessary to defray all necessary expenses and liabilities of the City, not exceeding in the aggregate the amount of tax authorized to be levied and revenue available during the then ensuing year. In such ordinance, the Mayor and Council shall specify the objects and purposes for which such appropriations are made and the amount appropriated for each object or purpose. No further appropriation shall be made at any other time within such fiscal year unless the proposition to make such appropriation has been first sanctioned by a majority of the legal voters of the City either by petition signed by them or at a general or special election duly called therefor. All appropriations shall end with the fiscal year for which they are made. However, the fund from road taxes shall be deemed especially appropriated for street repair purposes, and the income arising from the operation of water, lighting, power and sewerage systems shall be deemed especially appropriated to the payment of current expenses for improvements, extensions and additions to such systems respectively, and shall not be included in the annual appropriation ordinance. Nothing herein contained shall be construed to prohibit Council from appropriating other money in the annual appropriation bill for the use of streets, grades, bridges and water, lighting, power, heating and sewerage systems, provided that the sums so appropriated in the aggregate do not exceed the maximum of tax allowed to be levied and collected as fixed in Section 16-702, Revised Statutes of Nebraska, 1943, Reissue of 1974, as amended.
(1958 Code § 2.7)