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No contract, agreement, or other obligation involving the expenditure of moneys shall be entered into, nor shall any ordinance, resolution or order for the expenditure of moneys be passed by the Council, unless the Finance Director shall first certify to the Council that the money required for such contract, agreement, obligation or expenditure is in the Treasury to the credit of the fund from which it is to be drawn. The sum so certified shall not thereafter be considered unappropriated until the City is discharged from the contract, agreement or obligation. The provisions of this section shall not apply to contracts or proceedings relating to improvements, any part of the cost of which is to be paid by special assessments. This provision shall not apply to the contract of employment of the City Manager or other officials of the City; shall not apply to the annual appropriation ordinance in which moneys in the Treasury, or to come into the Treasury, during the ensuing year, may be appropriated; and shall not apply to authorizations by Council to make moral obligation payments.