§ 804. Annual budget.

(a)

Submission by City Manager. An annual budget shall be prepared for submission to the Mayor and City Council no later than the second regular meeting of the City Council in February by the City Manager considering the five-year financial plan adopted by the Mayor and Council.

(b)

Items included. The annual budget shall present the following information for each budgeted fund:

(1)

Revenues. An itemized statement of estimated revenues to be realized in cash from all sources for the year which the budget is to cover, together with a comparative statement of estimated cash receipts for the current fiscal year and actual cash receipts for the two fiscal years next preceding the current fiscal year.

(2)

Appropriations. An itemized statement of appropriations recommended by the Mayor for the ensuing year, with a comparative statement of estimated expenditures for the current fiscal year and actual expenditures for the two fiscal years next preceding the current fiscal year

(3)

Additional information. Such other information as may be required by ordinance.

(c)

Multi-year budget. In the event multi-year budgeting is authorized under State law, the Council may adopt by ordinance procedures to implement multi-year budgeting.

(d)

Five year financial plan. By November 1 of each year, the Mayor and Council will adopt a five-year financial plan. Adoption of the annual budget will include consideration of the five-year financial plan and priorities established by the Council by ordinance. The Council is authorized to vary the term of the financial plan by ordinance and may adopt amendments to the plan.

(Ord. No. 140060 , § 4, 1-23-14, eff. 5-1-14)