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. The format of the budget shall
be that illustrated by Appendix I to this chapter.
A.
The annual budget shall present a complete financial plan for the
next fiscal year. The following shall be included in the budget:
1.
A budget message to describe the important features of the budget
and to point out any major changes from the previous year.
2.
An estimate of revenues which are expected to be received during
the next year from all sources, plus a comparative statement of the
revenues for the previous two budget years. These comparisons shall
be shown by year, fund and source.
3.
An estimate of the expenditures that are proposed to be spent during
the budget year, plus a comparative statement of actual expenditures
for the previous two budget years. These comparisons shall be shown
by year, fund, and source.
4.
The amount of money required to pay any interest, amortization or
redemption charges which the municipality will owe during the budget
year.
5.
A general summary of the total proposed budget.
[Amended 5-8-2023 by Ord. No. 1032]
One (1) member of the Board of Aldermen shall be appointed annually
as the budget officer. The budget officer shall oversee the preparation
of the annual budget and shall review the budget at least quarterly.
[Added 5-8-2023 by Ord. No. 1032]
It is the responsibility of the finance officer to prepare the
budget after reviewing expenditure requests and revenue estimates
with other City officers. The finance officer shall submit the completed
budget and supporting schedules and exhibits to the Mayor, who shall
present the same to the Board of Aldermen.
[Amended 5-8-2023 by Ord. No. 1032]
The finance officer shall prepare the City budget under the
direction of the Mayor. The Mayor and the budget officer shall concur
on the budget prior to its submission to the Board of Aldermen.
[Amended 5-8-2023 by Ord. No. 1032]
Expenditure estimates in the budget shall not be larger in amount
than the total anticipated revenue for the budget year, plus any surplus
from the previous year or less any deficit from the previous year.
The City shall not incur any annual debts which aggregate an
amount greater than the anticipated revenues for the budget year,
without the approval of the voters of the City, as required by law.
[Amended 5-8-2023 by Ord. No. 1032]
A.
The finance officer shall prepare the City budget in accordance with
the following calendar:
1.
In July of each year, the finance officer will collect the data necessary,
and make preliminary revenue estimates for the coming fiscal year.
He/she will estimate expenditures for the present year, and note expenditures
and revenues for the previous two (2) fiscal years.
2.
In August of each year, the finance officer will request from each
City officer a statement of expenditures requested for the coming
fiscal year.
3.
In September of each year, the finance officer will review the departmental
requests and make his final revenue estimates for the coming fiscal
year, and will confer with department heads to discuss these requests.
4.
In October of each year, the finance officer will begin assembling
the City budget.
5.
In November of each year, the finance officer will confer with the
Mayor and any such other officers as the Mayor may designate, for
preparation of the City budget for the next fiscal year to be submitted
to the Board of Aldermen.
6.
The budget shall be submitted to the Board of Aldermen at the first
regular meeting in December.
To the maximum extent practicable, and to the extent it does
not conflict with state law, this Code, or other ordinance, the budget
shall be prepared in accordance with A Guide to Budgeting for Missouri
Municipalities, published by the Missouri Municipal League.
