(a) No expenditure of City funds shall be made unless authorized by Council. No expenditure of City funds shall exceed the amount appropriated by Council in its annual appropriations ordinance, or authorized by other ordinances or resolutions.
(b) At the close of each fiscal year, the unencumbered balance of each appropriation in the annual appropriation ordinance and its supplements shall revert to the respective fund from which it was appropriated and be subject to future appropriation.
(c) When contracts, leases or unexpended encumbered funds run beyond the termination of the fiscal year for which they were made, the Finance Director shall make a certification to Council of the amounts required to meet the obligations under such contracts, leases or unexpended encumbrances. This certification shall show the account number, the account description as contained in the annual appropriation ordinance, and the amount of the contracts, leases or unexpended funds. Council shall, upon the enactment of separate ordinances, add the amounts listed to the annual appropriation ordinance for the next year.
(ORC 5705.44; Ord. 91-54. Passed 8-12-91.)