§ 8.2. Budget Procedure.

Not later than the first Monday of February of each year each officer, department, and board of the city shall submit to the City Manager an itemized estimate of its expected income and expenditures during the next fiscal year for the department or activities under its control. The City Manager shall compile such information and after reviewing the same shall submit to the Council, not later than the first meeting of the Council in April of each year a budget proposal which sets forth such budget requests and his recommendations thereon, and shall contain such information as the Council shall request. The anticipated expenditures by the city in such budget proposal shall be within the tax limit and other anticipated revenue of the city, considering anticipated unexpended balance, if any, from the then current budget as income, and taking into account any anticipated deficit in the current budget at the end of the current fiscal year. In addition to the foregoing information, such recommended budget shall include therein, at least the following information:

(1)

The detailed estimates of the City Manager, with supporting explanation, of proposed expenditures for each office, department and board of the city, with a comparison of the actual appropriations and expenditures for corresponding items for the last preceding fiscal year, in full, and the appropriations for the current fiscal year, together with the expenditures for such year to January first, and estimated expenditures for the balance of the current fiscal year;

(2)

An estimate of and provision for paying carry-over accounts payable from the current fiscal year;

(3)

Statements of the bonded and other indebtedness of the city, showing the debt redemption and interest requirements, the debt authorized and unissued, and the condition of sinking funds, if any;

(4)

Detailed estimates of all anticipated revenues of the city from sources other than taxes, with a comparative statement of the amounts estimated for and actually received from each of the same or similar sources for the last preceding fiscal year in full, for the current fiscal year to January first, and estimated revenues therefrom for the balance of the current fiscal year;

(5)

A statement of the estimated accumulated cash and unencumbered balances, or deficits, at the end of the current fiscal year;

(6)

An estimate of the amount of money to be raised from taxes to be levied, from delinquent taxes, and the amount to be raised from bond issues which, together with available unappropriated funds and any revenues from other sources, will be necessary to meet the proposed expenditures;

(7)

The budgetary recommendations of the city's auditors, its officers, department heads, and boards, and the City Manager's comments and recommendations thereon.