SECTION 2. FISCAL MATTERS.
   The City Manager shall, each year, prepare and submit to Council an annual budget and a five-year forecast of the revenues and expenditures of the Municipality. The fiscal year of the City shall begin on the first day of January, and Council shall, on or before December 31, adopt an annual budget and an appropriation ordinance for the ensuing fiscal year.
(Added November 2, 2010)