The fiscal year of this Municipality shall, unless Council by proper action shall adopt a different date, be the same as that established from time to time for cities by the general laws of the State of Ohio. No later than January 20 annually, the Director of Finance shall prepare and submit to the Council and the Mayor an estimate of the revenues and expenditures of the Municipality for the current fiscal year. This estimate shall be compiled from information furnished by the head of each department, division, board or commission in such form and detail as the Director of Finance may reasonably require. The estimate shall provide the following information:
(a) An estimate of the anticipated revenue from each source for the subject fiscal year with a comparative statement of the amount received from such source during the preceding one or two years;
(b) An estimate of the expense of conducting each department and activity of the Municipality for the subject year together with comparative information as provided in subsection (a) hereof;
(c) The amount of the total and net debt of the Municipality together with a schedule of maturities of outstanding bonds and notes;
(d) An estimate of the value of supplies and materials on hand as of the date of the preparation of the estimate; and
(e) A statement of the unencumbered balance in each bond and improvement fund.
(Amended 5-5-87)