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Notwithstanding any other provisions of this Charter, all ordinances or resolutions necessary in connection with the adoption of the annual budget may be adopted and go into effect immediately on the affirmative vote of at least five-sevenths (5/7) of the members of the City Council. (Gen. Elec. 12/6/77; Gen. Elec. 11/6/01)
In addition to the authority granted by the laws of this State, the City Council may cause City moneys to be deposited or invested in Certificates of Deposit or other forms of deposits or investments, in any financial institution, upon sufficient security being given the City therefor by said financial institution, approved by the City Council. The City Council may adopt ordinances implementing this authority and the appropriate City official may, pursuant to said ordinance, invest City moneys not needed to pay current bills as therein directed. (Gen. Elec. 12/6/77; Gen. Elec. 11/6/01)
At any time during the fiscal year the City Administrator may transfer part or all of any unencumbered appropriation balance among programs within a department, office or agency. Upon written request by the City Administrator the City Council may by ordinance transfer part or all of any unencumbered appropriation balance from one department, office or agency to another. (Gen. Elec. 12/6/77; Gen. Elec. 11/6/01)