[CC 2001 §130.010]
The fiscal year for the City of Edmundson shall begin July first
(1st) of each year and all City budgets, audits and other statutory
requirements shall be prepared on a July first (1st) through June
thirtieth (30th) fiscal year and all required matters concerning same
be required to use such dates for those statutory and other necessary
purposes.
A.
Prior
to the commencement of each fiscal year, a budget for the City shall
be prepared and the same will be presented to and approved by the
Board of Aldermen.
B.
The annual
budget shall present a complete financial plan for the ensuing fiscal
year and shall include at least the following information:
1.
A budget
message describing the important features of the budget and major
changes from the preceding year;
2.
Estimated
revenues to be received from all sources for the budget year, with
a comparative statement of actual or estimated revenues for the two
(2) years next preceding, itemized by year, fund and source;
3.
Proposed
expenditures for each department, office, commission, and other classification
for the budget year, together with a comparative statement of actual
or estimated expenditures for the two (2) years next preceding, itemized
by year, fund, activity and object;
4.
The
amount required for the payment of interest, amortization and redemption
charges on the debt of the City; and
5.
A general
budget summary.
C.
In no
event shall the total proposed expenditures from any fund exceed the
estimated revenues to be received plus any unencumbered balance or
less any deficit estimated for the beginning of the budget year; provided
that nothing herein shall be construed as requiring the City to use
any cash balance as current revenue or to change from a cash basis
of financing its expenditures.
A.
The budget
shall be prepared under the direction of a Budget Officer. Except
as otherwise provided by law or ordinance, the Budget Officer shall
be designated by the Board of Aldermen of the City. All officers and
employees shall cooperate with and provide to the Budget Officer such
information and such records as he/she shall require in developing
the budget. The Budget Officer shall review all the expenditure requests
and revenue estimates, after which he/she shall prepare the proposed
budget as defined herein.
B.
After
the Budget Officer has prepared the proposed budget, he/she shall
submit it, along with such supporting schedules, exhibits, and other
explanatory material as may be necessary for the proper understanding
of the financial needs and position of the City, to the Board of Aldermen.
He/she shall submit at the same time complete drafts of such orders,
motions, resolutions or ordinances as may be required to authorize
the proposed expenditures and produce the revenues necessary to balance
the proposed budget.
The Board of Aldermen may revise, alter, increase or decrease
the items contained in the proposed budget, subject to such limitations
as may be provided by law; provided that in no event shall the total
authorized expenditures from any fund exceed the estimated revenues
to be received plus any unencumbered balance or less any deficit estimated
for the beginning of the budget year. Except as otherwise provided
by law, the Board of Aldermen shall, before the beginning of the fiscal
year, approve the budget and approve or adopt such orders, motions,
resolutions or ordinances as may be required to authorize the budgeted
expenditures and produce the revenues estimated in the budget.
After the City has approved the budget for any year and has
approved or adopted the orders, motions, resolutions or ordinances
required to authorize the expenditures proposed in the budget, the
City shall not increase the total amount authorized for expenditure
from any fund, unless the Board of Aldermen adopts a resolution setting
forth the facts and reasons making the increase necessary and approves
or adopts an order, motion, resolution or ordinance to authorize the
expenditures.