§ 8.2. Budget procedure.  


Latest version.
  • Not later than the first Monday of February of each year, each officer, department, board and commission of the city shall submit to the controller an itemized estimate of its expected income and expenditures during the next fiscal year for the department or activities under its control. The controller shall compile and submit to the mayor, not later than the second Monday in March of each year, a budget form setting forth in a simple column the budget requests of each officer and department of the city. The mayor shall review such budget form and budget requests and in a column parallel to and adjacent to that containing such budget requests shall enter his budgetary recommendations for each item requested by the several officers and departments with such additions thereto and deletions therefrom as he shall deem proper and, not later than the second Monday in April of each year he shall submit to the council a recommended budget for the next fiscal year which is within the tax limit and other revenue sources of the city. Such recommended budget shall include therein, at least the following information:

    (1)

    The estimates of the several officers and departments as received by the controller;

    (2)

    The detailed estimates of the mayor, with supporting explanations of proposed expenditures of each office and department 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;

    (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 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 current and delinquent taxes and the amount to be raised from bond issues which, together with available unappropriated surplus and any revenues from other sources, will be necessary to meet the proposed expenditures.