A.Â
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.Â
The annual budget shall present a complete
financial plan for the ensuing fiscal year and shall include at least
the following information:
1.Â
A budget message describing the important
features of the budget and major changes from the preceding year;
2.Â
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.Â
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.Â
The amount required for the payment
of interest, amortization and redemption charges on the debt of the
City; and
5.Â
A general budget summary.
C.Â
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.
The City Administrator shall perform the duties of Budget Officer
as outlined in Section 67.020, RSMo.
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.