The Council shall appoint an administrative officer who shall submit to the Council a recommended budget as directed by a budget calendar to be established by the Council, or in the absence thereof, by September 1 of each year. The budget shall provide a complete financial plan for all City funds and activities for the ensuing financial year and, except as required by law or this Charter, shall contain such information and be in such form as the administrative officer preparing the recommended budget deems desirable or the Council may require.
It shall include a summary and show in detail all estimated income and all proposed expenditures, including debt service and comparative figures for the current fiscal year, actual and estimated and the preceding financial year.
In addition to showing proposed expenditures for current operations, it shall show proposed capital expenditures to be made during ensuing years and the proposed method of financing each such capital expenditure.