SECTION 6.04. ANNUAL APPROPRIATION ORDINANCE.

   Effective for budget year 2002, no later than the second regular meeting in November of the year preceding the budget year, the Mayor shall submit to Council the annual appropriation ordinance. The proposed ordinance shall consist of financial reports in a format consistent with applicable principles for governmental accounting. The proposal shall be accompanied by written comment.

   There shall be a history for the two prior years, and an estimate for the current year and for the next five years. There shall be a five-year capital plan for all funds. At a minimum each capital expenditure within the first two years of the plan shall be itemized according to the level which requires specific authorization from Council or the Board of Governors for expenditure of funds. Significant changes in projected income and expense shall have written comment. Council may require additional information.

   No later than December 31 of the year preceding the budget year, Council shall adopt the annual appropriation ordinance. The ordinance may be subsequently amended. All ordinances appropriating funds for municipal use shall be effective immediately upon passage.

   The procedures of this section may be adjusted by Council to accommodate changes in county budget requirements or in the municipal fiscal year. (Amended 11-2-10)