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In addition to the tax budget required by the general laws, the budget shall provide a complete financial plan of all City funds and activities for the ensuing fiscal year and, except as required by law or this Charter, shall be in such form as the City Manager deems desirable or the City Council may require. The budget shall begin with a clear general summary of its contents; shall show in detail all estimated income, indicating the proposed property tax levy, and all proposed expenditures, including debt service, for the ensuing fiscal years; and shall be so arranged showing comparative figures for actual and estimated income and expenditures of the current fiscal year and actual income and expenditures of the preceding fiscal year. It shall indicate in separate sections:
(1) The proposed goals and objectives and expenditures for current operations during the ensuing fiscal years detailed for each fund by organization unit, and program, purpose or activity, and the method of financing such expenditures.;
(2) Proposed capital expenditures during the ensuing fiscal years, detailed for each fund by organization unit, and the proposed method of financing each capital expenditure;
(3) The anticipated income and expense and profit and loss for the ensuing years for each utility or other enterprise fund operated by the City.
For any fund, the total of proposed expenditures shall not exceed the total of estimated income plus carried-forward fund balances.