§ 7.1.2. Budget calendar; budget estimates; capital improvements program.
Latest version.
On or before May 1 of each year the Mayor shall prepare a budget calendar and procedures
for the preparation of the budget. On or before July 1 of each year, all agencies,
offices, departments, boards, commissions and other spending agencies of the City
and County shall prepare and submit to the Mayor and City Council estimates of their
expenditure requirements and estimated revenues for the ensuing fiscal year. The estimates
of expenditures shall be based upon specific work programs which shall be set forth
in detail sufficient to justify the proposed expenditures. The proposed expenditures
shall be further classified so as to set forth the data by funds, character and object
of expenditures and such other details as the Mayor or City Council may require. Revenue
estimates shall be classified as to funds and sources of income in such detail as
may be required by the Mayor or City Council. Changes in ordinances establishing taxes,
fees, charges and other types of Revenue may be proposed. The Manager of Finance shall
certify to the Mayor and City Council the amount of money to be raised by taxation
to pay the interest on general obligation bonded indebtedness and to provide for the
sinking fund. The Mayor shall develop long range plans for capital improvements and
shall prepare a six-year capital improvements program.