Transfers of funds within a budget group may occur with approval of the Mayor if under $1,000. Transfers over $1,000 must be approved by Council. Transfers of funds between budget groups may not occur without a discussion of the budget transfer at a Council meeting and a vote of Council to authorize the transfer for all amounts under $5,000. Amounts over $5,000 requires a formal budget amendment through passage of a resolution. All transfers shall be reported to the City Council at the next Council meeting unless previously approved by Council.
(1985 Code, § 3.04.010) (Ord. 70, passed 12-2-1968)