(A) The annual budget proposal shall detail the raising of revenue from all sources, including grants and transfers, and the spending of money for specified programs, functions, activities, or objectives of the city, including all principal and interest due on debts for the budget year. The total of anticipated revenue shall equal or exceed the total of proposed expenditures.
(B) The form of the annual budget proposal shall be consistent in form, to the extent practical, with the accounting system of the city.
(C) The annual budget proposal shall provide a complete program and financial plan for all funds for the budget year. It shall contain a budget message as specified in the state statutes and a budget summary as specified in division (D) below supported by an estimate of the fund balance carried forward as specified in division (E) below; an estimate of all anticipated revenue of the city compared to previous years as specified in division (F) below; proposed expenditures compared to previous years as specified in division (G) below; and an estimate of anticipated transfers as specified in division (H) below.
(D) At the end of the annual budget proposal, there shall appear a summary of the budget which need not be itemized further than by principal sources of anticipated revenue and proposed expenditures by program, function, activity, or objective of the city in such a manner as to present a simple and clear summary of the detailed estimates of the budget components.
(E) Each fund balance available for appropriation shall be limited to the amount by which assets are estimated to exceed liabilities at the beginning of the budget year.
(F) In parallel columns opposite the several items of anticipated revenue, there shall be placed the amount of each item actually received during the next preceding fiscal year; the total amount of each item actually received to the time of the preparation of the annual budget proposal, plus the anticipated receipts for the remainder of the current fiscal year estimated as accurately as possible; and the amount of each item anticipated to be received during the budget year estimated as accurately as possible.
(G) In parallel columns opposite the several items of proposed expenditures, there shall be placed the amount of each item actually expended during the next preceding fiscal year; the total amount of each item actually expended to the time of the preparation of the annual budget proposal, plus the anticipated expenditures for the remainder of the current fiscal year estimated as accurately as possible; and the amount of each item anticipated to be appropriated during the budget year estimated as accurately as possible.
(H) Any anticipated excess revenue, if legally available for general purposes and to the extent the excess is to be used to support other funds, shall be stated as a transfer item in the annual budget proposal.
(1993 Code, § 20.08)