On or before ninety days prior to the commencement of the fiscal and budget year, the Mayor shall prepare and submit to the Council a complete itemized proposed budget for the next fiscal year. It shall include at least the following information:
(a) Detailed statements and estimates of all proposed expenditures for each department and office of the City, showing the expenditures for corresponding items for the current and last preceding fiscal years;
(b) Statements of the indebtedness of the City showing the principal and interest requirements for the next fiscal year, the debt authorized and unissued and the condition of sinking and debt retirement funds, if any;
(c) Detailed statements and estimates of all anticipated income of the City from sources other than taxes and borrowing, with a comparative statement of the amounts received by the City from each of the same or similar sources from the last preceding and current fiscal years;
(d) A statement of the estimated balance or deficit, as the case may be, at the end of the current fiscal year;
(e) An estimate of the amount of money to be raised from current and delinquent taxes and the amount to be raised from bond issues which, together with incomes from other sources, will be necessary to meet the proposed expenditures;
(f) Any other information which may be necessary or useful in establishing a budget for the ensuing fiscal year. (Nov. 6, 1979)