The fiscal year of the city shall begin on January 1 and end
on December 31 in each year, until otherwise provided by law.
For each fiscal year, the mayor with the assistance of the city
administrator shall prepare a budget document consisting of a budget
message, a current operating expense budget, a capital budget, a budget
summary, and such explanatory schedules, charts and exhibits as the
mayor may deem appropriate or as the council may require.
The city administrator shall annually require each department
head to submit requests for appropriations for the ensuing budget
year, and to appear before the administrator at a scheduled public
hearing to justify such request. The city administrator, with the
assistance of the department of administration and finance, shall
compile, review and analyze departmental requests for appropriations,
and shall make his recommendations with respect thereto to the mayor.
Not less than 90 days before the end of each fiscal year the
planning board established pursuant to law shall prepare and transmit
to the mayor and the council a proposed capital budget in such form
and covering such period of years as will comply with the requirements
of capital budgeting established by or pursuant to State law. As to
each project, the proposed capital budget shall at least set forth
the estimated cost, its priority as compared with other projects required
by the city, its method of financing, and the amount required for
the "down-payment" under the local bond law; the amount of bonds to
be issued and the amount to be raised by other sources; together with
an estimate of the effect of the acquisition and operation of each
project upon the current operating expense budget.
The mayor, with the assistance of the city administrator, shall
review the various budget proposals, estimates of revenues, and related
data, and shall, in the exercise of his discretion and judgment, prepare
and submit to the council the budget document. The current operating
expense budget and capital budget included in the budget document
shall be known as the executive budget. The budget document shall
be transmitted by the mayor to the council not less than 30 days prior
to the last day for introduction of the budget ordinance as prescribed
by the local budget law.
The council shall, except as otherwise required by this article,
enact a current operating expense budget and a capital budget in accordance
with the requirements of the local budget law.
The council shall provide by administrative code for such centralized
purchasing, personnel and management services as may be necessary
or desirable for the efficient and economical administration of the
city government.
Each board, commission, corporation or other entity providing
municipal services within the city, shall comply with the requirements
of the administrative code for budget preparation, budget administration,
financial procedures and controls, with respect to expenditure of
municipal funds, notwithstanding the provisions of any other law.