SECTION 12.18   ITEMS FOR WHICH BUDGET TO MAKE PROVISION.
   To the extent permitted by general law, the budget shall make provision for the following items:
   (1)   Interest, amortization and redemption charges on the public debt for which the faith and credit of the City is pledged;
   (2)   Other statutory expenditures;
   (3)   The payment of all unsatisfied judgments;
   (4)   Administration, operation and maintenance of each office, department or agency of the city itemized by character and object of expenditure;
   (5)   Contingent expense, in an amount not exceeding five per centum of the total amount stated pursuant to subsection (4) of this section;
   (6)   Expenditures proposed for capital projects; and
   (7)   Capital reserve fund if Council has established such fund as provided by general law.