[Amended 6-7-2016 by L.L.
No. 1-2016]
A.
Instructions to departments. On or before August 1 of each year,
the Director of Finance shall consult with the City Manager, Mayor,
and Common Council to establish budget guidelines for the next fiscal
year. The Director of Finance shall forward these guidelines and budget
forms to the head of each City department, and to all other City agencies
with direct budget allocation.
B.
Planning and budgeting workshop. The City Manager shall convene a
planning and budgeting workshop for City department heads on or before
August 31. Department heads may designate an employee to serve as
budget manager and attend the workshop in their stead.
C.
Submission of budget requests.
(2)
On or before October 15, the Director of Finance shall submit a report
to the City Manager that includes:
(a)
A detailed statement of estimated revenues and items of expense
of the City for the next fiscal year.
(b)
An itemized statement of the principal and interest of all bonded
and other indebtedness of the City that will fall due during the next
fiscal year.
(c)
An updated five-year capital budget plan.
D.
Preparation and submission of draft budget. The City Manager shall
review the draft budget and may revise revenue, expense, and capital
items. S/he shall submit the draft budget to the Common Council at
least one week prior to its second meeting in November.
[Amended 6-7-2016 by L.L.
No. 1-2016]
The budget shall include a five-year capital plan. The first
year of the capital plan shall be included in the budget for the ensuing
year. The five-year plan shall include:
[Amended 6-7-2016 by L.L.
No. 1-2016]
A.
Revision of estimates. The Common Council shall review the draft
spending and revenue plan for the ensuing year at its second meeting
in November, or at a special meeting. It may, by a 2/3 vote of its
members, revise any budget lines, except those of the Library Board.
By simple majority vote, it shall approve the proposed budget, as
amended, for the City for the ensuing fiscal year. Copies of the proposed
budget shall be made available for inspection by any person.
B.
Finalization of budget. The Common Council shall hold a public hearing
on the proposed budget at least one week before its first regular
meeting in December. The Common Council shall vote on the adoption
of the budget at its regular meeting following the public hearing.
Adoption of the budget requires an affirmative vote of a majority
of the Common Council. Immediately after the adoption of the budget,
the Common Council shall levy all regular and special taxes required
to defray the approved expense plan.
C.
Failure to adopt budget. In the event that the Common Council fails
to adopt a budget by December 10, the budget for the current year
shall become the budget for the ensuing fiscal year, modified only
to add any increased expenditures resulting from previously approved
contracts or other obligations of the City.
The Common Council may approve transfers within departments
and between departments or other budget units. The City Manager may
approve transfers up to limits established by the Common Council and
may delegate authority to approve transfers to the Director of Finance.